BRIEFCASE.Byline: -- Staff and Wire Services PowerBar moving to Glendale base GLENDALE -- Berkeley-based PowerBar, the company that created the first energy bar two decades ago, is moving to Glendale to be closer to the U.S. subsidiary of the world's largest food company that bought it six years ago. The move is expected to happen by the end of the year, Switzerland-based Nestle S.A., which owns PowerBar, said in a statement. About 60 PowerBar employees who handle marketing, sales, finance and customer relations now work out of its Berkeley headquarters. Most of them will be offered jobs at the headquarters of Nestle USA in Glendale. However, some positions will be eliminated because of the consolidation of activities with Glendale's Nestle Nutrition and Nestle USA staffs. Ford's loss for Q2 is revised upward 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 -- Ford Motor Co. said late Wednesday that its second-quarter loss was more than double what the automaker previously reported due to higher-than-expected pension costs, and added that its luxury car division won't turn a profit this year based on recent sales trends. In a filing with the Securities and Exchange Commission, Ford said it revised its loss to $254 million, or 14 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. , from the previously announced loss of $123 million, or 7 cents per share. That contrasts with a profit of $946 million, or 47 cents per share, posted in the second quarter of last year. Dearborn, Mich.-based Ford attributed the revision to an increase in full-year 2006 pension curtailment Curtailment The act of contracting or reducing operations of a company in the hope of bringing it financial or operational stability. This management technique is often used when a company has grown too fast and is unable to effectively manage its operations. expenses to $1.2 billion, up from its previous projection of $1 billion. Full-year special items are expected to total $3.8 billion. P&G's Q4 profit beats projections CINCINNATI -- The Procter & Gamble Co., maker of Crest toothpaste toothpaste, n See dentifrice. , Pampers Pampers is a brand of disposable diaper (or nappy) marketed by Procter & Gamble worldwide. Product information Diapers Pampers Diapers come in sizes going all the way up to Size 7. diapers, Tide detergent detergent (dētûr`jənt, dĭ–), substance that aids in the removal of dirt. Detergents act mainly on the oily films that trap dirt particles. and other well-known household products, said Wednesday its fourth-quarter profit grew 36 percent, as price increases helped boost revenue. The results beat analysts' expectations and the company's shares soared more than 4 percent. Quarterly profit was $1.9 billion, or 55 cents per share, compared with $1.39 billion, or 52 cents per share, during the same period last year. The latest results include a dilution of between 6 cents and 8 cents from the company's acquisition of Gillette. Analysts, on average, predicted a profit of 54 cents on earnings of $17.5 billion, 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. a 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 poll. Revenue climbed 25 percent to $17.84 billion, from $14.26 billion last year. Starbucks' Q3 earnings jump SEATTLE -- Starbucks Corp. said Wednesday that its fiscal third-quarter profits jumped 16 percent as it opened a record number of coffeehouses. The company also boosted its target for new store openings in the coming years and announced plans to expand into Brazil, India and Russia. But a dip in sales growth for July sent the stock down more than 9 percent in after-hours trading after-hours trading The trading of securities after the exchanges are closed. After-hours trading often refers to trading a listed security in the over-the-counter market after the exchanges have been closed for the day. . The Seattle-based coffee retailer said its comparable-store sales -- those at stores open at least a year-- rose 4 percent in July, down from 7 percent a year earlier. |
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