Potter book price wars hit retailers as profits vanish
New York reports show over 12 million copies ready for shipment and expected 7 million sold in 24 hours for Harry Potter and the Deathly Hallows. Major chains cut prices up to 40 percent to attract buyers, prompting concern that big discounts erode profits for booksellers including independents.
MENTIONED IN THIS ARTICLE
New York
U.S
J.K. Rowling
Amazon.com
Albert Greco
Fordham University
Jeff Bezos
Barnes & Noble
Kim Brown
Borders
Brown
Harry Potter
Greco
Target
Costco
Wal-Mart
Wizard
Hogwarts
Tina Jordan
American Association of Publishers
Jane Dystel
Ron Hogan
Galleycat.com
IHOP to acquire Applebee's for 1.9 billion in cash
Glendale based IHOP said it will buy Applebee's International for about 1.9 billion dollars in cash. Analysts foresee a tough second quarter for restaurants as high costs and gas prices curb dining. IHOP chief Julia Stewart plans to revive the brand and mainly franchise Applebee's, selling most of its 500 company stores at 40 per quarter through 2010.
MENTIONED IN THIS ARTICLE
Glendale
Calif
Ihop Corp
Applebee's International Inc
Wall Street
IHOP
Julia Stewart
Applebee's
Cleveland-Eaton Corp Posts Higher Outlook Despite Slide in Profit
Cleveland-Eaton Corp reports a 3 percent drop in second-quarter profit to $246 million or $1.64 a share as acquisition costs and a slow heavy-truck market weigh on results. Revenue climbs 4 percent to $3.25 billion. The company raises its full-year profit outlook, sending its stock to a 52-week high.
MENTIONED IN THIS ARTICLE
Cleveland
Eaton Corp
Wall Street
China US food spat escalates with import suspensions
China suspends imports from seven US firms including Cargill Meat Solutions and Tyson Foods citing tainted products and unapproved additives. Tyson and Cargill deny notices and pledge to resolve with governments. US regulators have already restricted some Chinese seafood amid broader tensions.
MENTIONED IN THIS ARTICLE
Shanghai
China
United States
Quality Watchdog
U.S
Cargill Meat Solutions
Tyson Foods
Tyson
Cargill
Manu
Libby Lawson
American Chamber of Commerce
Cargill and
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Amazon
Seattle
Applebee’s
Eaton
Chuck Humel
Chronicle
Chamber
James Zimmerman
Beijing
Mei Xinyu
Ministry of Commerce
Dow Jones Industrials
Dany Dow Jones
Dow Industrials
Dow Transportation
Dow Utilities
NYSE
S&p
Russell
Wilshire
Stock Exchange
DUO Inc
ManSang
DynacqHit
GpoRadio
RaserTayat
CmeeEgg
LicDev
JanusCap
Echelonc
PhaxCos
Ballind
HudsonHi
Spartch
Amcon H
FrankCred
TrinaSoln
FlightSat
A? Immersa
NalcoHld
Think
Enovasys
Arest
Uranarza
Flamelt
GoodrPet
EvginEnya
Im-Wavers
Siriuss
Fordm
Fel Spengy
Cisco
Alcoa
Djia Diam
Microsoft
Verizon
Oracle
Wehg Amd NY
LearCorp NY
Alcoa NY
Leveld Nash
Alltel NY
Limited
A Great NY
Lowes NY
Apple Inc Nash
BobEvn Nasd
NiSource NY
Cedarf NY
CntryTel NY
Nordson Nasd
Cisco Nasd
Northropg NY
Citigro NY
Oracle Nasd
Cocac NY
PNG NY
Comcasts Nasd
ParkHan NY
ConocPhil NY
Penney NY BO
Doll Inc If
EM Cp NY
RPM
EmersaEls
SearsHidgs
ExxonMbl NY
Sherwin NY
FistPica
Smucker NY
FirstEngy NY
SprintNex NY
Fst
Goodrich
Honwillntl
iShWapan NY
TimeWan
Isha2k
Nya Amex
US Steel NY BO
Intel
Nvacare NY
WalMart NY
Keycorp NY
Lsicorp
Yahoo Nash
NYMX
Calle
CME Hugo
New York Mercantile Exchange
CME
Chicago Board of Trade
Chicago Mercantile
Wor
NYBT
New York Board of Trade
GrowAmerAm LG
InvCoAmAm LV
Cpwidgria Mie
Dodge & Cox Stock
Fidelity Contra
Wamulinva
Mlv
Vanguard
Incamera m MA
PIMCO
EurPacGrAm Fe
Vanguard Instidx
American Funds
New Person
Vanguard TotStidx
Dodge & Cox IntiStk FV
Magellan
BalAm Fidelity LowPriStk MB
Vanard Wadsill
Fidelity Eqinc LV
Fidelity GrowCo LG
Vanguard Wellin MA
Davis N ¥ VentAm
Vanguard Tc TotStiAdm
Ranke Howland
Minini
Pominpeta
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