Outlook Roundup: Pactiv, Parexel Int'l

LAKE FOREST, Ill. (AP) Pactiv Corp., which makes Hefty trash bags, said Wednesday it will cut about 200 workers, or 1.5 percent of its staff, as part of a restructuring program and offered first-quarter guidance below analyst expectations, due to the high cost of resin.

BOSTON (AP) Pharmaceutical services company Parexel International Corp. said Wednesday it expects third-quarter profit growth on higher service revenue.

ST. LOUIS (AP) Reinsurance Group of America Inc. said Wednesday it expects global expansion, particularly in Asia, will push 2008 operating income sharply higher.

KALAMAZOO, Mich. (AP) Medical device maker Stryker Corp. on Wednesday said it remains optimistic about growth in the orthopedic market and expects to meet analysts' profit forecasts this year.

SEATTLE (AP) F5 Networks Inc., which develops software that manages computer network traffic, said Wednesday it expects fiscal second-quarter earnings between 21 cents and 22 cents per share.

SAN DIEGO (AP) Women's apparel retailer Charlotte Russe Holding Inc. on Wednesday projected fiscal second-quarter earnings in line with Wall Street estimates.

SAN JOSE, Calif. (AP) Electronics contract manufacturer Sanmina-SCI Corp. on Wednesday predicted fiscal second-quarter adjusted income that could meet or exceed Wall Street expectations.