BRIEFCASE.Byline: -- Staff and wire services Tribune Company The Tribune Company (NYSE: TRB) is a large American multimedia corporation based in Chicago, Illinois. It is the nation's second-largest newspaper publisher, responsible for the Chicago Tribune, Los Angeles Times, Newsday, Hartford Courant earnings increase CHICAGO -- Tribune Co. said Thursday that its newspaper advertising fell 2 percent in the third quarter but that it was still on track to decide on a restructuring strategy by the end of the year. Tribune, which owns the Los Angeles Times Los Angeles Times Morning daily newspaper. Established in 1881, it was purchased and incorporated in 1884 by Harrison Gray Otis (1837–1917) under The Times-Mirror Co. (the hyphen was later dropped from the name). , Newsday and the Chicago Tribune Chicago Tribune Daily newspaper published in Chicago. The Tribune is one of the leading U.S. newspapers and long has been the dominant voice of the Midwest. Founded in 1847, it was bought in 1855 by six partners, including Joseph Medill (1823–99), who made the paper , among other papers, reported a big jump in net earnings to $162.2 million, or 65 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , compared with $21.9 million, or 7 cents per share, due to one-time gains as it unwound un·wound v. Past tense and past participle of unwind. unwound unwind two complex partnerships with its largest shareholder. Excluding the gain, Tribune earned 43 cents per share, short of the 45 cents that analysts had been expecting, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings . Sony shows off upcoming games SAN JOSE -- Sony showed off its initial titles for the upcoming PlayStation 3 on Thursday and made its pitch for why it should retain its throne as the king of video games. The Japanese consumer electronics giant said at least 21 games will be available when it launches the system in the U.S. on Nov. 17, dispelling some fears that many of the games were running behind schedule. Featuring titles such as ``Resistance: The Fall of Man,'' the games reflect the realistic graphics made possible by the custom-designed Cell processor in the console, which Sony said is more than 40 times more powerful than the processor in the PlayStation 2. Sony said many more titles are in the works. Baxter's income up dramatically DEERFIELD, Ill. -- Baxter International Inc., which makes treatments for cancer, kidney disease Kidney Disease Definition Kidney disease is a general term for any damage that reduces the functioning of the kidney. Kidney disease is also called renal disease. and other illnesses, said Thursday its third-quarter net income tripled, due in large part to year-ago charges. Quarterly net income totaled $374 million, or 57 cents per share, compared with $116 million, or 18 cents per share, a year ago. Revenue rose 7 percent to $2.56 billion from $2.4 billion last year. Analysts polled by Thomson Financial had forecast earnings per share of 55 cents on sales of $2.58 billion. Sales in Europe boost McDonald's CHICAGO -- McDonald's Corp., the world's largest fast-food chain, said Thursday that third-quarter earnings rose 15 percent, boosted by an accelerating comeback in its European restaurants and strong sales in the U.S. Net income for the July-through-September period was $843.3 million, or 68 cents a share, up from $735.4 million, or 58 cents a share, a year earlier. Revenues rose 10 percent to $5.88 billion from $5.33 billion. |
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