July 25, 2001 |
McDonald's Corp. on Tuesday reported a 16% drop in profit, its third straight quarterly decline, as the burger giant's stock rose modestly on its latest assurance that beef safety fears are easing in Europe, its top international market. Squeezed by weak foreign currencies and other concerns, McDonald's said it may close as many as 250 under-performing restaurants this quarter, primarily in emerging international markets.
April 5, 2001 |
With the steel supply business struggling in the economic slowdown, Earle M. Jorgensen Co. has forged a profitable strategy from improved technology and a diverse customer base. Despite a heavy debt load from a buyout 11 years ago, the Brea company has improved year-to-year profits for six straight quarters and was the only major distributor to post higher earnings in the last half of 2000.
January 19, 2001
Brea metal distributor Earle M. Jorgensen Co. said net income for the fiscal third quarter totaled $3.6 million, up from $1.6 million a year ago. The income figure for the third quarter a year earlier included a net loss of $2.2 million from the sale of fixed assets, including the company's operations in Hawaii. Revenue for the quarter ended Jan. 2 rose 13% to $259.5 million.