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Sales Rose

BUSINESS
By BLOOMBERG NEWS | July 30, 2004
ZAANDAM, Netherlands - Royal Ahold NV, the Dutch food retailer that overstated profit for three years, said yesterday that its second-quarter sales fell 4.8 percent as the euro's gains eroded its U.S. revenue. Revenue dropped to 12.3 billion euros ($14.8 billion) from 13 billion euros a year earlier, the supermarket operator said. Analysts had forecast sales of 12.1 billion euros. Ahold, the owner of U.S. grocery chains including Landover-based Giant Food Inc., aims to sell assets worth 2.5 billion euros by next year in a bid to regain its investment-grade credit rating.
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BUSINESS
By BLOOMBERG NEWS | July 29, 2004
AKRON, Ohio - FirstEnergy Corp., the fourth-largest U.S. utility owner, reported yesterday a second-quarter profit of $204 million, thanks in part to a damaged nuclear power plant in Ohio returning to service. Per-share income was 62 cents, compared with a loss of $57.9 million, or 20 cents a share, in the second quarter last year. Sales rose 10 percent to $3.15 billion, from $2.85 billion. Chief executive Anthony J. Alexander accepted tighter scrutiny of the Davis-Besse nuclear power station in Oak Harbor, Ohio, so it could open in March after a two-year shutdown.
BUSINESS
By BLOOMBERG NEWS | July 28, 2004
NEW YORK - Verizon Communications Inc., the largest U.S. provider of phone services, said yesterday that its second-quarter profit rose more than fivefold as a surge in wireless sales drove its biggest revenue gain since 2001. Net income rose to $1.8 billion, or 64 cents a share, from $338 million, or 12 cents, in the second quarter last year, when costs for an asset sale hurt earnings. Sales rose 6 percent in the quarter to $17.8 billion, compared with $16.8 billion a year ago, the company said.
BUSINESS
By BLOOMBERG NEWS | June 10, 2004
WASHINGTON - Inventories at U.S. wholesalers fell 0.1 percent in April, the first decline in eight months, as demand for pharmaceuticals, imported automobiles and other goods outpaced supplies, the Commerce Department reported yesterday. Wholesale sales rose 0.8 percent in the month, after a 2.9 percent gain in March that was the largest in more than nine years, Commerce said. That brought supplies at distribution centers, warehouses and terminals to a record low of 1.12 months' worth in April.
BUSINESS
By BLOOMBERG NEWS | May 7, 2004
NEW YORK - Sales at U.S. retailers increased less than expected in April as the benefit of tax refunds began running out. A retail shares index had its biggest drop since January. The Standard & Poor's 500 retailing index, which has 30 members, fell 2.1 percent. Wal-Mart Stores Inc.'s shares fell $1.28 yesterday to close at $54.58; Sears, Roebuck and Co. lost $1.92 to $38.08; and May Department Stores Co. lost $1.14 to close at $24.70. Sales at stores open at least a year rose 4.4 percent when compared with April 2003, according to the International Council of Shopping Centers.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | March 24, 2004
Strong sales of spices and higher-profit flavorings pushed McCormick & Co. Inc.'s sales and earnings income to record levels in the first quarter, the locally based spice maker said yesterday. Net income rose 8.5 percent to $38.1 million, or 27 cents per diluted share, in the quarter that ended Feb. 29, from $35.1 million, or 25 cents per diluted share, in the first quarter of last year. The results met expectations of analysts polled by Zack's Investment Research Inc. Sales shot up 18 percent, to $572 million, driven partly by favorable currency rates and the acquisition last year of Zatarain's, a line of New Orleans-style packaged foods and spices.
BUSINESS
By BLOOMBERG NEWS | March 6, 2004
OAK BROOK, Ill. - McDonald's Corp., the world's largest restaurant chain, said U.S. sales rose 20 percent in February, as salads and healthier choices such as white-meat Chicken McNuggets helped drive the biggest increase in purchases since the 1970s. Global sales rose 14 percent at restaurants open at least 13 months, McDonald's said yesterday. An extra day in February because of leap year helped lift sales for the 11th straight month, the company said. Chief executive James R. Cantalupo is increasing sales by adding higher-price foods, such as salads with Paul Newman dressings, and Happy Meals with fruits and vegetables for health-conscious customers.
NEWS
By Trif Alatzas and Trif Alatzas,SUN STAFF | January 13, 2004
Buyers pushed the volume of Baltimore-area home sales to a record level last year as extraordinarily low interest rates fueled demand despite double-digit price increases. A total of 39,372 existing homes were sold in Baltimore and its five surrounding counties last year - 6.07 percent more than in 2002, preliminary figures show. The data will be finalized next month by Metropolitan Regional Information Systems Inc., the Rockville-based listing service used by area real estate professionals.
BUSINESS
By BLOOMBERG NEWS | December 2, 2003
U.S. retailers posted higher post-Thanksgiving sales as people jammed shopping malls and big-box stores over the weekend, the traditional kickoff of the holiday buying season. Sales rose 5.4 percent to $12.4 billion Friday and Saturday from a year earlier, according to ShopperTrak, which monitors customer traffic at about 30,000 stores. Visa International Inc. said U.S. spending using its credit and debit cards rose 12 percent Friday and Saturday from a year earlier. Sales using the cards totaled $6.5 billion.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | October 23, 2003
Black & Decker Corp. reported a 35 percent jump in its third-quarter profit yesterday and raised its forecast for the year as sales of new products and cost-cutting boosted results. The better-than-expected performance sent shares of Black & Decker up 6 percent, or $2.59, to $45.96 on a day when the stock market was skidding. Net earnings in the quarter, which ended Sept. 28, were $74.4 million, or 95 cents per diluted share, compared with $54.9 million, or 68 cents per diluted share, posted for last year's third quarter, the Towson-based company said.
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