AP – H&R Block Inc. on Thursday said its fiscal first-quarter loss narrowed by 2 percent as it reduced staffing and other expenses.
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H&R Block 1Q loss narrows despite revenue decline
(AP)
AP – Del Monte Foods Co. said Thursday that its fiscal first-quarter profit edged up 1.4 percent, but revenue softened on weakness in the consumer business and the company trimmed its expectations for revenue growth this year.
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Del Monte 1Q profit edges up, but revenue slips
(AP)
Reuters – Pressure mounted on Genzyme as its shares rose 6 percent in Europe a day after French drugmaker Sanofi-Aventis made public its month-old proposal to buy the U.S. biotech for $18.5 billion.
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Sanofi proposal heaps pressure on Genzyme
(Reuters)
AP – Stocks posted big gains Friday after Federal Reserve Chairman Ben Bernanke said the central bank was ready to step in if the U.S. economy showed further signs of weakening. Traders were also encouraged by a downward revision in second-quarter economic growth that wasn’t as bad as economists had expected. The Dow Jones industrial average and other indexes all gained more than 1 percent.
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How the major stock indexes fared Friday
(AP)
AP – CONSTRUCTION BOOSTS GROWTH: Britain’s economy grew by 1.2 percent during the second quarter, faster than the earlier estimate of 1.1 percent, thanks to a sharp rise in construction.
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Summary Box: British 2Q economic growth revised up
(AP)
British Prime Minister David Cameron is currently vacationing with his family in the seaside county of Cornwall in southwest England. The prime minister recently urged fellow U.K. citizens to take their summer holiday at home and re-discover the country’s seacoast resorts. And more of them are: British tourism offices say domestic tourism is up again this year after seeing an 18 percent boost last year. Officials now hope the “staycation” trend helps rejuvenate some of England’s economically downtrodden coastal towns. But as Eric Westervelt reports, many towns have yet to reap any reward.
AP – Royal Ahold NV, the Dutch operator of the Stop & Shop and Giant grocery chains in the United States, said Thursday its second quarter profits rose just three percent due to a loss at its Scandinavian joint venture ICA.
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Ahold reports 3 percent rise in Q2 profits
(AP)
Reuters – The number of Americans expected to travel during the Labor Day weekend this year will rise 9.9 percent from 2009 as some aspects of the U.S. economy show signs of improvement, travel and auto group AAA said Wednesday.
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Labor Day travel seen up nearly 10 percent: AAA
(Reuters)
AP – L’Oreal SA said Wednesday its net profit rose 21 percent in the first half of the year, thanks to strong demand for its Maybelline mascara and Lancome fragrances.
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L’Oreal net profit up 21 pct in 1st half
(AP)
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