Monday, March 30
Cal-Maine Foods profit down 46% as restaurant demand weakens(6:40 am ET)
LONDON (MarketWatch) -- Cal-Maine Foods Inc. (CALM: news, chart, profile) said Monday that its fiscal third-quarter net profit fell 46% to $30.8 million, or $1.29 a share, from $57.2 million, or $2.41 a share, a year earlier. Revenue at the egg producer fell 2.9% to $270 million. Cal-Maine said egg prices were lower than the record levels of a year earlier and demand from the restaurant industry was hit by the slower economy, though demand from retail stores was very good.
888 Holdings profit up 8.6%, inks deal with Racing Post(2:31 am ET)
LONDON (MarketWatch) -- U.K. online gambling firm 888 Holdings (UK:888: news, chart, profile) said Monday that its 2008 net profit rose 8.6% to $37.2 million, or 10.7 cents a share, from $34.2 million, or 9.9 cents a share, a year earlier. Revenue for the year rose 20% to $256.9 million. The group said revenue from its casino business rose 14%, while poker revenue grew 4%. The group said it will pay a final dividend for the year of 2.9 cents, taking the total payout for the year to 5.4 cents. It also said it would ask shareholders for general authority to repurchase its own shares, but didn't provide details on any plans to purchase shares. Separately the group also inked a new partnership with the Racing Post newspaper to provide it with a white-labelled casino and poker service.
Friday, March 27
Goldman CEO compensation drops 98% to $1.1 mln in 2008(5:52 pm ET)
SAN FRANCISCO (MarketWatch) -- Goldman Sachs Group (GS: news, chart, profile) paid Chief Executive Lloyd Blankfein $1.11 million in total compensation for 2008, down 98% from the year before, according to the investment bank's proxy statement, which was filed late Friday with the Securities and Exchange Commission. In 2007, Blankfein received $70.3 million in total compensation. The 2008 pay comprised a $600,000 salary, $277,828 in stock awards and $235,943 in other compensation, such as life insurance premiums, Goldman disclosed. Goldman didn't grant any stock to its top five executives for 2008, so Blankfein's $277,828 stock award reflects the firm's accounting of grants from previous years, the firm explained.
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