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Among the earnings stories for Thursday, Aug. 28, from AP Financial News:
Top stories:
Computer maker Dell Inc. said Thursday its fiscal second-quarter profit fell 17 percent, hurt in part by lower prices and restructuring charges. The earnings were short of Wall Street estimates, and Dell shares plunged.
Other stories:
SANTA CLARA, Calif., (AP)--Chip maker Marvell Technology Group Ltd. on Thursday reported second-quarter earnings that beat Wall Street expectations, as it boosted sales while keeping expenses in check.
NEW YORK (AP)--Rising sales in Asia and Europe boosted Tiffany & Co.'s second-quarter profit on Thursday, signaling that strong international demand for jewelry is helping offset U.S. economic weakness.
LOUISVILLE, Ky. (AP)--Liquor company Brown-Forman Corp. said Thursday its first-quarter profit fell 7 percent, taking a shot to its earnings when problems with a key raw material in its tequila production caused a $22 million pretax charge. It also lowered its annual earnings projection as a result of the charge.
Cement maker Cemex of Mexico (NYSE:CX)(MXK:CEMEXCPO) has cut production in Spain due to a housing market slowdown.
In one classroom, a group of preschool teachers squatted on the floor, pretendin...
The prime minister of energy-rich Trinidad has told its citizens to expect cuts in government programs because of an anticipated loss of $1 billi...
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