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Carrefour profit pleases investors
The world's No. 2 food retailer's profit increased 5.3% in the 1st half to $654 mil, as int'l operations and lower finance costs offset tough conditions at its core French superstores. European store revenues ex France climbed 6%, while Asian revenue rose 14%. Profit ex items rose 11% to $647 mil, over views. It sees double-digit earnings per share growth for the full-year, as price cuts drive shoppers to its French stores. Shares climbed in Paris.
Wendy's sees stormy Aug. sales
The fast-food restaurant chain said Hurricane Charley and other storms in the southeastern United States hurt same-store sales; its comps rose 2.8%, with sales at its Canadian ...