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BRIEFCASE.


Byline: - Staff and Wire Services

Exxon, Aetna fuel markets

NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 -- Wall Street extended its rally Thursday as robust earnings at Exxon Mobil Corp. and Aetna Inc. helped ground investors as they tried to reconcile divergent economic data.

The Dow Jones Dow Jones

the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202]

See : Finance
 industrials, lifted in part by component Exxon Mobil, had their fourth consecutive record-high close. The generally upbeat earnings reports of the past two weeks have helped power the blue chips as well as the rest of the stock market. Thursday's batch of earnings also helped investors digest a pair of government reports that suggested an economic soft landing might be harder to achieve.

Wendy's posts flat Q3 earnings

COLUMBUS, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816.  -- Wendy's International Wendy's International, Inc. NYSE: WEN is the parent company of Wendy's Old Fashioned Hamburgers. It also owns 70 percent of Cafe Express and 25 percent (fully diluted) of Pasta Pomodoro. The Tim Hortons chain was spun off by Wendy's into a separate company in September 2006.  Inc. said Thursday that earnings were flat in the third quarter from a year ago as the third-largest hamburger chain returns its focus to its core business.

Earnings were $72 million, or 61 cents a share, in the quarter ended Oct. 1, compared with $72.1 million, or 61 cents a share, a year ago.

Revenues rose about 2.5 percent to $623.8 million from $608.8 million a year ago. Analysts surveyed by 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
 had expected earnings of 64 cents a share.

The company completed its spinoff last month of its Tim Hortons This article is about the restaurant. For the ice hockey player and the chain's co-founder, see Tim Horton.

Tim Hortons is a coffee-and-doughnut fast food restaurant chain largely based in Canada.
 coffee-and-doughnut chain and announced earlier this month that it would sell its underperforming Baja Fresh Mexican Grill chain.

Sprint earnings put it behind

KANSAS CITY, Mo. -- Sprint Nextel Corp. just missed Wall Street estimates Thursday as subscriber numbers showed it has fallen farther behind in the wireless market.

The company reported earnings of $247 million, or 8 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.
, down 52 percent from $514 million, or 23 cents per share, in the same period a year ago.

Sprint said it earned 32 cents per share in the most recent quarter, after excluding 2 cents for special items and 22 cents for merger and acquisition-related amortization cost. That was a penny short of the average estimate of analysts surveyed by Thomson Financial.

Revenues for the quarter increased 34.6 percent to $10.5 billion from $7.8 billion during the same quarter a year ago. Analysts had expected revenues of $10.48 billion.
COPYRIGHT 2006 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Date:Oct 27, 2006
Words:362
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