MAINE COMPANIES - Hormel profit tops estimate shares rise - Reuters - Guardian Unlimited MAINE COMPANIES - Hormel profit tops estimate shares rise - Reuters - Guardian Unlimited

Thursday, February 19, 2009

MAINE COMPANIES - Hormel profit tops estimate shares rise - Reuters - Guardian Unlimited

NEW YORK, Feb 19 (Reuters) - Hormel Foods Corp reported a higher-than-expected profit as recession-hit consumers turned to its Spam meat and Dinty Moore stew, and it affirmed its full-year outlook, sending shares up nearly 8 percent. Hormel's canned in Stock and Shares News

NEW YORK (Reuters) - Citigroup Inc ( C.N ) shares fell to 17-year lows on Thursday, with Bank of America Corp ( BAC.N ) stock also plunging, amid renewed fears that growing losses could lead to government control of troubled U.S. banks, wiping out in Stock and Shares News

FRANKFURT, Feb 19 (Reuters) - European shares rose in early trade on Thursday, reversing a three-day losing streak, with food producers adding most points to the index after Nestle posted 2008 results and beat sales forecasts. At 0813 GMT, the in Stock and Shares News

Shares of Hewlett-Packard Co. (HPQ) fell 3.4% in premarket trading Thursday, after the tech giant posted a 13% decline in its first-quarter profit. The shares were recently down $1.14 to $32.94. Late Wednesday, the computer and printer company in Stock and Shares News

NEW YORK - Shares of the computer and printer company Hewlett-Packard Co. slipped Thursday morning after the company posted disappointing fourth-quarter sales, hurt by tightening IT budgets at many businesses. Palo Alto, Calif.-based HP posted a 13 in Stock and Shares News

Shares of Whole Foods Market Inc. jumped more than 37 percent in trading Thursday after the natural and organic grocer's fiscal first-quarter profit results topped analyst expectations. The Austin, Texas-based company reported after the market closed in Stock and Shares News

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