Wendy’s/Arby’s Reports Loss for Third Quarter

Wendy’s/Arby’s Group (WEN) reported a net loss of $900,000 for the third quarter, compared with a profit of $14.7 million for the third quarter of 2009.

Revenues at the fast-food company dropped to $861.2 million for the quarter, compared with $903.2…

U.S. Consumer Spending Grew in October

U.S. consumer spending grew about 7% in October from September, but remained down 5% from the same month last year, according to a Gallup poll released Thursday. The figures could indicate more financial comfort heading into th…

Kohl’s Third-Quarter Earnings Meet Street Estimates

Kohl’s Corp. (KSS) reported earnings of 63 cents per share for the quarter ended Oct. 30, unchanged from a year earlier.

The department store operator said net sales rose 4.1% to $4.2 billion. Sales at stores open at least one year rose 1.8%, the com…