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Earnings to set tone for stocks in week ahead (Reuters)
Reuters - With Wall Street stuck in a range since May, the start of second-quarter earnings season next week could prove to be a decisive factor for determining how much faith investors should have in an economic recovery.
Today's Top Stock Market Headlines
- DemandTec posts wider 1Q loss (AP) AP - Price-management software company DemandTec Inc. posted a wider net loss Wednesday for its fiscal first quarter, hurt by charges and higher costs even as revenue inched higher.
- Constellation Brands 1Q profit drops 85 percent (AP) AP - Wine and spirits maker Constellation Brands Inc. said it is benefiting from consumers switching from higher-priced beverages to those that offer more buzz for the buck.
- General Mills: 2010 profit to rise, costs to slow (AP) AP - General Mills Inc. reported Wednesday that its fiscal fourth-quarter profit beat estimates as sales of top brands like Cheerios rose while consumers continued eating at home.
- Constellation Brands profit tops view (Reuters) Reuters - Constellation Brands Inc reported a better-than-expected quarterly profit on Wednesday as it sold off some alcohol brands and cut costs.
- Strong quarter ends cautiously as earnings loom (AP) AP - Investors carried Wall Street to a remarkable second-quarter performance even though stocks' big spring rally stalled weeks ago.
