Among the earnings stories for Thursday, March 20, from AP Financial News:
DES MOINES, Iowa (AP) -- Motor home manufacturer Winnebago Industries Inc. said Thursday its second quarter profits fell nearly 67 percent as consumer confidence in the economy helped drag down sales of recreational vehicles.
MEMPHIS, Tenn. (AP) -- FedEx Corp. reported a 6 percent drop in third-quarter earnings Thursday, saying a slow economy and high fuel prices are expected to continue cutting into profits.
DETROIT (AP) -- Borders could become the latest victim of the credit squeeze, announcing Thursday that it may put itself up for sale. Rival Barnes & Noble, meanwhile, saw fourth-quarter profits drop 9 percent as the industry struggles with intense competition from discounters.
NEW YORK (AP) -- Shares of TowerStream Corp. tumbled to fresh lows Thursday after the Internet service provider posted a wider fourth-quarter loss than the year-ago period, leading two analysts to slash their ratings.
