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News Corp results beat estimates, spin-off on track
- Rupert Murdoch's News Corp reported quarterly earnings that beat Wall Street expectations, aided by growth at its cable networks, and said it is on track to split off its slow-growing publishing business by the end of June.
Green Mountain ups outlook, expands Starbucks deal
- Green Mountain Coffee Roasters Inc , maker of Keurig single-serve brewers and K-Cups, raised its full-year earnings outlook on Wednesday after a better-than-expected second quarter and said it had expanded its relationship with Starbucks Corp , sending its shares up almost 16 percent after hours.
Tim Hortons names new CEO; profit and stock drop
TORONTO - Tim Hortons Inc named a long-time Nestle executive as its new chief on Wednesday, a job that will be no easy task given drooping demand at the Canadian coffee and doughnut chain and a push by a U.S. hedge fund for better returns.
Whole Foods store sales accelerate, shares rise
- Whole Foods Market Inc said on Tuesday store sales have rebounded as it expands efforts to lower prices and reach beyond its core of upscale shoppers by adding more locations, and its shares rose more than 8 percent after hours.
Health concerns drag on Monster Beverage sales
- Energy drinks maker Monster Beverage Corp's sales missed analysts' estimates as the industry took a hit from concerns over the health risks of such drinks, sending its shares down 16 percent after the bell.
Fusion-io founders quit, shares slump
- Memory drive maker Fusion-io Inc said founders David Flynn, the chief executive, and Rick White, chief marketing officer, have resigned, sending the company's shares down 27 percent to their lowest ever.
OfficeMax shares up as special dividend outweighs profit miss
- OfficeMax Inc reported a lower-than-expected quarterly profit on Tuesday, hurt by continued weak sales of technology products and fewer shoppers visiting its stores, although it announced a special dividend of $1.50 per share.
Commerzbank sees bleak 2013 as it fishes for investors
FRANKFURT - Commerzbank , Germany's No.2 lender, will have to work hard to entice investors to its 2.5 billion euro ($3.3 billion) share call this month after painting a bleak outlook for the rest of this year.
First Solar shares fall due to growth concerns
- Shares of First Solar Inc fell 11 percent on Tuesday after the solar panel maker said a weather-related project delay would push most of its earnings into the second half of the year.
Esprit's shares fall 6.6 percent after second-half profit warning
HONG KONG - Shares in clothing retailer Esprit Holdings Ltd were set to open down 6.6 percent on Wednesday after it warned of a substantial second-half loss due to soaring costs related to store closures and acquisitions in China.
No related earnings announcements are currently scheduled within the next 7 days.
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