BC-Business News Digest

AP photos.

RETAIL/CONSUMER:

HOSTESS-BANKRUPTCY

NEW YORK ⿿ Hostess Brands Inc. says it's in talks with more than 100 parties interested in buying its brands, which include Twinkies, Ding Dongs and Ho Hos. Those interested parties now include at least five national retailers such as supermarkets, a banker for the company says in bankruptcy court. By Food Industry Writer Candice Choi.

EARNS-KROGER

NEW YORK ⿿ Kroger Co. is raising its earnings outlook for the year after the nation's largest traditional supermarket chain reported a third-quarter profit that topped Wall Street expectations. By Food Industry Writer Candace Choi.

⿿ EARNS-TIFFANY ⿿ Tiffany's third-quarter net income falls 30 percent as costs for precious metal and diamonds rise while the economy remains weak. The luxury jewelry seller cut its profit forecast for the year.

⿿ EARNS-BARNES & NOBLE ⿿ Barnes & Noble reports a profit for its fiscal second-quarter as higher revenue from its Nook e-book and e-bookstore division offset a decline at retail stores.

⿿ DUKE-PROGRESS MERGER ⿿ Duke Energy CEO Jim Rogers will step down as head of the largest U.S. electric utility as part of a settlement with the North Carolina utilities regulator.

⿿ PORT STRIKE ⿿ A strike at the ports of Los Angeles and Long Beach has shut down most of the terminals at the nation's busiest port complex.

INDUSTRY:

FRANCE-CONCORDE CRASH

VERSAILLES, France ⿿ A French appeals court overturned manslaughter convictions against Continental Airlines and a mechanic for the July 2000 crash of an Air France Concorde that killed 113 people, ruling that their mistakes did not make them legally responsible for the deaths. The crash hastened the end for the already-faltering supersonic Concorde, synonymous with high-tech luxury but a commercial failure, scrapped in 2003. By Greg Keller.

AP photos.

With:

⿿ FRANCE-CONCORDE CRASH-TIMELINE ⿿ Key moments in the history of the Concorde.

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