Among the earnings stories for Thursday, Oct. 15, from AP Financial News: Top stories: SAN FRANCISCO (AP) ¿ IBM Corp. has jacked up its profit guidance for the second time this year, a sign of the company's confidence that it can uncork more profit from its business despite falling sales. Other stories: SAN FRANCISCO (AP) ¿ Google Inc. shifted into a higher gear in the third quarter and began to leave the recession behind as the 11-year-old Internet search leader recorded its highest profit ever. SEATTLE (AP) ¿ Advanced Micro Devices Inc. lost money in the third quarter but said that sales were stronger than expected, adding to mounting evidence that consumer spending is fueling a turnaround in the personal computer market. LEXINGTON, Mass. (AP) ¿ Cubist Pharmaceuticals Inc. said its third-quarter profit rose slightly, as higher income taxes offset a boost in Cubicin sales.
LEXINGTON, Ky. (AP) ¿ Tempur-Pedic International Inc., which makes mattresses and pillows, said that third-quarter profit rose 7 percent because of higher prices, lower commodity costs and manufacturing improvements. DETROIT (AP) ¿ With motorcycle sales still sluggish, Harley-Davidson Inc. said it is leaving the sport-bike market in a strategy to focus on its core lineup of heavyweight bikes. SAN FRANCISCO (AP) ¿ Newspaper publisher McClatchy Co. rode a wave of traumatic cost cutting and a one-time tax adjustment to a higher third-quarter profit, overcoming yet another jarring decline in revenue. CHARLOTTE, N.C. (AP) ¿ Citigroup provided a sobering reminder that the economy is still struggling, reporting that its third-quarter results were weighed down by billions of dollars in failed loans. PORTLAND, Ore. (AP) ¿ Safeway Inc. said that falling prices and frugal shoppers drove its third-quarter profit down 35 percent. CONWAY, Ark. (AP) ¿ Bank holding company Home BancShares Inc. said it posted a third-quarter profit in line with a year-ago results as net interest income rose but was partially offset by higher losses from unpaid loans.