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Deals on electronics not likely to improve

Article Abstract:

Electronics chains Best Buy and Circuit City announced that earnings for the period before the Christmas holiday season for 2000 would be lower than expected. Both cited heavy price cuts given to early holiday shoppers as the main reason for their less-than-expected performance. Best Buy said sales rose by 6% but profits declined by 27% for the quarter ending Nov 25, 2000. Similarly, Circuit City also had record sales during the Thanksgiving weekend but only after slashing prices.

Radio, TV, Music, Electronics Stores, Best Buy Company Inc., Circuit City Stores Inc.

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Movies, music boost Seagram's earnings

Article Abstract:

Entertainment and liquor giant, Joseph E Seagram and Sons Inc, has posted earnings of $21 million or 5 cents a share for the quarter ending Sep 30, 2000, a significant improvement from the $124 million loss reported on the the corresponding quarter in 1999. Increased earnings is attributed to successful film releases, 'Gladiator' and 'The Nutty Professor II: The Klumps,' and music releases from Eminem and Boyz II Men.

Motion Picture and Video Distribution, Motion Picture Distribution

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Companies cite attacks in earnings warnings

Article Abstract:

Approximately 100 companies have issued earnings warnings following the terrorist attacks of September 11. To analysts the connection of the attacks to earnings for some firms seems tenuous. The companies most obviously hit are airlines and insurance firms.

Forecasts, trends, outlooks, Business, Statistical Data Included, Brief Article

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