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BUSINESS BRIEFS.(TO THE POINT)
RETAIL
CVS lifts outlook as sales surge
The No. 2 drugstore chain earned 56 cents a share ex items in Q4, down 13% but a penny over views. Sales climbed 20% to $8.92 bil, boosted by the addition of 1,268 Eckerd stores and other units. Same-store sales rose 4.4%. CVS forecast '05 profit of $2.62-$2.68 a share vs. views of $2.63. Shares closed up 3.5% to 48.26.
Wal-Mart wins overtime appeal
A federal appeals court overturned a '99 ruling that found the giant retailer failed to pay its pharmacy workers up to $140 mil in overtime. The pharmacists sued Wal-Mart claiming their salary and hours were adjusted so often that they were actually hourly employees eligible for overtime pay. Wal-Mart said changes didn't violate U.S. labor laws. Shares rose 1% to 53.06.
** Haggar plunged 15.5% to 18.78 after the clothing maker lowered its Q1 outlook from a 21-26 cents a share loss to a 45 cents a share loss, against views of a 23 cent loss.
** Linens 'N' Things' profit rose less than 1% to $1.03 a share ex items, 6 cents over views. Sales rose 11% to $876 mil, with same-store sales up ...
- Media Executive Susan Lyne Named President and CEO of Martha Stewart Living...
- Press release article from: PR Newswire November 11, 2004 700+ words
...to Head Company - Martha Stewart Living Omnimedia...Premiere Magazine for News Corp. in 1987, she served...enduring appeal of the Martha Stewart brand and the exceptional...entrepreneurial spirit that both Martha Stewart and Sharon Patrick...
- STOCK WATCH: WILL MARTHA STEWART LIVING OMNIMEDIA'S PER-SHARE PRICE FALL TO $5?
- Newspaper article from: Media Industry Newsletter September 20, 2004 700+ words
...much of a help to flagship Martha Stewart Living because "a number...e.g., poor sales of Martha Stewart-branded products) on Martha Stewart Living Omnimedia continue...40.88 -2.1 -14.5 NEWS CORP. (ADR)## [NWS...
- STOCK WATCH: MARTHA STEWART LIVING OMNIMEDIA'S VALUE DOUBLED WHILE MARTHA WAS...
- Newspaper article from: Media Industry Newsletter March 7, 2005 700+ words
...prison on Friday, October 8, Martha Stewart Living Omnimedia stock was...38.67 -5.2 -12.9 NEWS CORP. ** $17.77 2.6 -7...January 30, 2005; ** = News Corp. reorganized with a 2...the expected increase in Martha Stewart Living ad pages (they have...
- Meg Whitman Tops FORTUNE's List of 50 Most Powerful Women in Business for...
- Press release article from: Business Wire October 31, 2005 700+ words
...Packard, while Martha Stewart, off the list last...Gail Berman of News Corp. (No. 25 last year...In addition to Martha Stewart, two women who had...how the unsinkable Martha Stewart staged her comeback...
- MARTHA STEWART LIVING OMNIMEDIA STOCK DOES A "JAILHOUSE ROCK.".
- Newspaper article from: Media Industry Newsletter December 13, 2004 700+ words
...9.6 NEW YORK TIMES CO. [NYT] 39.73 -4.1 -16.9 NEWS CORP. ** $17.63 -1.2 -2.3 PLAYBOY ENTERPRISES [PLA...effected a 2-for-1 stock split on September 13, 2004; ** = News Corp. reorganized with a 2-for-1 stock split on November 4...
- Martha Stewart Living Omnimedia, Inc. Announces Expansion of Its Martha Stewart...
- Press release article from: PR Newswire February 20, 2001 700+ words
...Exclusive Sponsor of Spring 2001 Issue Of 'Martha Stewart Baby' NEW YORK, Feb. 20 /PRNewswire/ -- Martha Stewart Living Omnimedia, Inc. (NYSE: MSO) announced today the expansion of its "Martha Stewart Baby" publication from two issues...
- Martha Stewart Living Omnimedia Acquires Martha Stewart Living From Time Inc.
- Press release article from: PR Newswire February 4, 1997 700+ words
NEW YORK, Feb. 4 /PRNewswire/ -- Martha Stewart Living Omnimedia LLC acquired Martha Stewart Living Enterprises today from Time Inc...retains a minority interest in MSLO, LLC. Martha Stewart is chairman of Martha Stewart Living Omnimedia...
- Martha Stewart Weddings Celebrates 15th Anniversary and Provides Winter Brides...
- Newspaper article from: Entertainment Newsweekly October 30, 2009 700+ words
Martha Stewart Living Omnimedia, Inc. announced that Martha Stewart Weddings, the best-selling weddings magazine...addition, the company announced that on November 9, Martha Stewart Weddings will publish Martha Stewart's Destination...
