Safeway Earnings Fall on Strike Impact
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Safeway Inc. said third quarter net income fell to 35 cents a share from 45 cents a year ago due to the continued impact of the Southern California strike that was settled in the first quarter of this year.
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CHICAGO The nation&#39;s largest food manufacturer, Northfield-based Kraft Foods Incorporated, posted a four percent decline in third-quarter profits today.
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NEW YORK  - The world&#39;s leading alumium producer, Alcoa, said Thursday quarterly net profit slipped as operations took a double-hit from a labour strike and Hurricane Ivan.
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The contract electronics manufacturer posted a 90 percent drop in quarterly net profit, but earnings excluding special charges were higher than expected.
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Kroger Co. , the largest U.S. grocery chain, posted a weaker-than-expected rise in quarterly profit on Tuesday due to labor unrest at a distribution center, sending its shares down in early electronic trade.
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Albertsons Inc. ABS.N, the No. 2  U.S. grocer, on Tuesday reported a substantial drop in its  quarterly profit as heavy promotions to revive its Southern  California sales after a strike bit into its profit.
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Sears Holdings said Thursday that its second-quarter profit had tumbled 40 percent because of lower overall sales and weaker operating results from Kmart and its domestic Sears operations.
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The soft drink maker said its fourth-quarter profit fell 31 percent from results a year ago that included a tax benefit from a settlement with the Internal Revenue Service.
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Safeway Inc. , the No. 3 U.S. grocer, posted a 77 percent rise in quarterly profit on Thursday as remodeled stores, fresh produce and prepared meals helped lure shoppers.
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The retailer posted a 36 percent fall in fourth-quarter profit, hurt by costs related to an inventory write-off, and said it would open only about half the number of stores it opened in 2007.
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Apparel retailer Talbots Inc.   said on Wednesday that quarterly net profit fell, hurt by heavy  markdowns and declining sales at its flagship Talbots chain.
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Shares of Albertsons fell more than 8 per cent to $23.65 after the number two US supermarket chain missed quarterly earnings expectations and warned full-year profit would be at the low end of estimates.
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Grocery chain operator Safeway Inc.  SWY.N on Wednesday set a 2005 earnings goal that was below  analysts' expectations, citing added marketing expenses and the  lingering impact from a strike at its Vons stores.
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The grocery workers union representing about 19,000 members in the Sacramento Valley have terminated a contract extension with Safeway, Albertson&#39;s and Ralphs, increasing the threat of a strike at stores throughout Northern California.
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Kroger Co. , the largest U.S.  grocery chain, posted a weaker-than-expected rise in quarterly  profit on Tuesday due to labor unrest at a distribution center,  sending its shares down in early electronic trade.
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Property and casualty insurance provider Safeco Corp. said Tuesday it expects claims from the four hurricanes that hit the southeastern United States in August and September to reduce third-quarter earnings by $127 million, or 96 cents per share.
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Slashed earnings estimate pulls down shares.