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Johnson Controls (NYSE:JCI) saw a net loss of $8 million compared to its profit of $234 million, which reflects one-time charges and reduced sales. JCI “significantly improved profitability” at its Building Efficiency, Power Solutions, and North America Automotive Experience units. European automotive and buildings markets are becoming increasingly soft, which offsets gains elsewhere. For FY 2013, JCI believes that its earnings will be flat to slightly higher.
Dunkin’ Brands’ (NASDAQ:DNKN) business is primarily on the East Coast and it could take a revenue hit during Q4 as a result of Hurricane Sandy, regardless of the company’s effort to keep as many restaurants open as possible. Unlike retailers who have the ability to make up lost sales during the next week or month, consumers will not likely purchase extra donuts and coffee on their next visit.
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StemCells (NASDAQ:STEM) partners with Edinburgh, UK-based R Biomedical in the development and commercialization of a range of cell lines and reagents that are intended to be used in stem cell-based research for regenerative medicine applications. The first product beneath the partnership, which is an “ultra-primary” human fibroblast cell line from which researchers are able to generate iPS cell lines, was launched today beneath STEM’s SC Proven brand.
UPS (NYSE:UPS) plans to hire 55,000 seasonal workers during the holiday period with the expectation of delivering 527 million packages between Thanksgiving and Christmas, which is a 9.8 percent increase year over year. The company adds that the reliance by consumers of online and mobile channels compresses its peak delivery period while late orders pile in abou a week before Christmas.
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