AP - Jackson Hewitt Tax Service Inc. on Wednesday posted a narrower first-quarter loss as its expenses fell, beating Wall Street expectations, but its shares fell after it said it would seek new financing for its refund anticipation loan program.
AP - Women's clothing seller The Talbots Inc. returned to a profit in the fiscal second quarter as the company cut costs to offset slightly lower revenue.
Reuters - Women's clothing retailer Talbots Inc posted lower-than-expected quarterly sales and its shares fell 11.6 percent as efforts to keep inventory lean and preserve margins left it short of items to sell.
AP - Shanda Games Ltd., a Shanghai-based online game company, said Wednesday its second-quarter net income fell 16 percent as revenue from both casual and multiplayer games declined.
AP - Stronger demand is helping Smithfield Foods emerge from a long period of weak prices with historically high ingredient costs. The company said stronger demand, coupled with $125 million in annual cost savings from a restructuring plan, should make 2011 profitable.
AP - AeroVironment Inc., which makes small, unmanned aircraft for the military, said Thursday it narrowed its loss in the fiscal first quarter, as aircraft sales edged up but contract services revenue declined.
AP - Smithfield Foods Inc. said Wednesday higher selling prices for pork and improvement in hog market prices helped it return to a profit in its fiscal first-quarter.
Reuters - Some Chinese cities are preparing fresh property tightening steps as housing transactions and prices show signs of a rebound, reinforcing market expectations that Beijing will not ease its grip on the sector any time soon.