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CompareCC News Archive Listing for Stocks and Investing during 2005-11-23.
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Dollar extends decline, Fed signals pause
 
Reuters - The dollar extended its decline in Asian trading on Wednesday after minutes from the U.S. Federal Reserve's November 1 meeting indicated that the Fed could be close to ending its policy-tightening cycle.
Air France-KLM Profit More Than Triples
 
AP - Air France-KLM, Europe's largest airline, said Wednesday its net profit more than tripled in the July-September quarter, boosted by the sale of its stake in the Amadeus ticket reservation system.
Dollar hits 3-wk low vs euro
 
Reuters - The dollar hit a three-week low against the euro on Wednesday after minutes from the U.S. Federal Reserve's November 1 meeting published on Tuesday indicated that it could be close to ending its monetary tightening cycle.
Stocks Set to Open Steady Before Holiday
 
AP - U.S. stock futures were steady Wednesday as markets wound down for Thanksgiving, though optimism that the Federal Reserve may end its rate-tightening cycle looked set to provide further support.
US stock futures mixed
 
Reuters - U.S. stock futures point to a mixed opening on Wall Street on Wednesday as investors absorb conflicting signals on interest rates after the previous session's strong gains.
Charges cut Toronto-Dominion Bank profit
 
Reuters - Toronto-Dominion Bank said on Wednesday its fourth-quarter profit slipped 1 percent, due to a number of one-time items.
Patterson posts 5 pct profit increase
 
Reuters - Dental products distributor Patterson Cos. Inc. on Wednesday said quarterly profit rose 5 percent, helped by sales of its main dental business.
Fortis' Profit Jumps 94 Percent in 3Q
 
AP - Third-quarter profit at Dutch-Belgian bank and insurer Fortis NV jumped 94 percent, due largely to strong banking operations, the company said Wednesday.
Jobs Data Sends Stocks Lower
 
AP - Disappointing employment figures sapped Wall Street's momentum and sent stocks modestly lower Wednesday in light pre-holiday trading.
Stock market indicators mostly positive ahead of U.S. Thanksgiving holiday
 
Canadian Press - TORONTO (CP) - Global indicators were mostly positive for North American stock markets Wednesday even as crude oil moved closer to $59 US a barrel ahead of the U.S. Thanksgiving holiday.
Hormel Foods Profit Up on Turkey Market
 
AP - Pork and turkey processor Hormel Foods Corp. on Wednesday said fiscal fourth-quarter profit climbed 17 percent on a strong turkey meat market, lower feed costs and improved production.
Hormel quarterly profit rises 17 percent
 
Reuters - Hormel Foods Corp. on Wednesday posted a 17 percent jump in quarterly profit, boosted by earnings improvement in its turkey unit, lower feed costs and strength in its grocery products segment.
Stocks mixed on lower oil, RIM warning; Arcelor makes $4.3B bid for Dofasco
 
Canadian Press - TORONTO (CP) - Depressed energy and gold stocks and a warning from tech heavyweight Research In Motion Ltd. that it is cutting subscriber forecasts held back the Toronto stock market Wednesday.
Wall Street Extends Rally on Oil Dip
 
AP - Better-than-expected consumer confidence and a drop in oil prices helped Wall Street extend its November rally Wednesday with modest gains in light pre-holiday trading.
Air France-KLM's Quarterly Profit Triples
 
AP - Air France-KLM Group, the world's largest airline, said Wednesday its quarterly net profit more than tripled, aided by a one-time gain from the sale of its stake in the Amadeus booking system. Revenue also surged, suggesting the 2004 merger of Air France and KLM Royal Dutch Airlines is proving to be a success.
P&G: Gillette Units Post Lower Profits
 
AP - Procter & Gamble Co. said third-quarter earnings fell at two business units it acquired from Gillette, hurt by marketing expenses and flat sales at its battery business.
Hormel Foods Profit Up on Lower Costs
 
AP - Pork and turkey processor Hormel Foods Corp. on Wednesday said fiscal fourth-quarter profit climbed 17 percent on a strong turkey meat market, lower feed costs and improved production.
United Airlines parent posts net loss
 
Reuters - UAL Corp. , parent of bankrupt United Airlines, on Wednesday reported a net loss for October as reorganization expenses weighed on its bottom line.
Wall Street Rally Continues
 
AP - Stocks climbed Wednesday after better-than-expected consumer confidence numbers and a drop in oil prices extended Wall Street's November rally in light pre-holiday trading.
Hormel Foods 4Q Profit Jumps 17 Percent
 
AP - Pork and turkey processor Hormel Foods Corp. on Wednesday said fiscal fourth-quarter profit climbed 17 percent on a strong turkey meat market, lower feed costs and improved production.
Financials help boost TSX while consumer data, lower oil boosts NY
 
Canadian Press - TORONTO (CP) - The Toronto stock market closed higher for a third session Wednesday as gains in financial and materials stocks balanced losses in energy and golds - and a warning from Research In Motion Ltd. that it is cutting subscriber forecasts.
Sovereign Deal Opponents Ponder Next Move
 
AP - Major investors opposed to Sovereign Bancorp's plan to sell a major stake to a Spanish banking conglomerate were considering their options on Wednesday — a day after the New York Stock Exchange approved the revised deal — including trying to replace the board of directors.
Hormel falls despite jump in profit
 
Reuters - Hormel Foods Corp. shares plunged more than 8 percent on Wednesday after the company said earnings in the current quarter and year could miss analysts' forecasts and its expectations for the second half of the year were somewhat conservative.

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