AP - LOWER PROFIT: Lennar Corp.'s profit fell 65 percent in its fiscal second quarter versus a year earlier, when the homebuilder's results included a big tax benefit.
Business
Lennar 2Q profit falls but tops Wall St. forecast (AP)
AP - Lennar Corp. rendered its verdict on the spring home-selling season on Thursday, saying an expected sales rally in what is traditionally the peak period for home sales simply didn't happen.
At A Glance: Rite Aid's renovated stores (AP)
AP - Rite Aid Corp., the third-largest U.S. drugstore chain, is trying out several new store formats as it works to reinvigorate its sales. The company plans to remodel 500 stores by the end of its fiscal year. It will also close 50 more locations, which would give it a total of about 4,650 stores.
Discover beats forecasts, profit more than doubles (Reuters)
Reuters - Discover Financial Services said quarterly profit more than doubled, beating expectations, as customers spent more on their credit cards and the company started to reap the benefits of its expansion beyond credit card lending.
Higher card use, better payments lift Discover 2Q (AP)
AP - Discover Financial Services on Thursday said its profit more than tripled in its fiscal second quarter as it added new customers, while existing customers used their cards more and got better about making payments on time.
Summary Box: Rite Aid cuts 1Q loss, sales steady (AP)
AP - NARROWER LOSS: Rite Aid Corp. posted a smaller first-quarter loss Thursday as its new customer loyalty program and value store format continued to shore up its sales.
Summary Box: ConAgra Foods earnings rise (AP)
AP - THE NEWS: Higher food prices and an insurance settlement helped ConAgra's fourth-quarter net income more than double.
FTSE closes lower on poor US jobs data (AFP)
AFP - Share prices in London closed sharply lower on Thursday on poor US jobs data and continued eurozone debt worries.
Economy fears take shine off global stock outlook: Reuters poll (Reuters)
Reuters - Clear signs the global economy is cooling prompted analysts to trim their outlook for most of the world's major stock markets compared with three months ago, according to a Reuters poll that still pointed to meaty gains from here.
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