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GameStop posted strong sales for the holiday shopping season, bolstering the view that videogames draw entertainment dollars in recessionary times.
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Constellation Brands posted a 30% drop in profit and the wine maker's sales fell due to the stronger dollar.
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Monsanto's fiscal first-quarter profit more than doubled, driven by demand in Latin America. The agribusiness giant also raised its outlook for the full year.
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Intel issued a second warning about deteriorating business conditions, signaling further weakness in the computer sector.
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![[Time Warner CEO Jeff Bewkes]](http://s.wsj.net/public/resources/images/MK-AT786_TIMEW_A_20090107181235.jpg)
Time Warner took a $25 billion write-down and expects a loss for 2008 as values tumble at its cable, publishing and AOL units.
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![[ruby tuesday in New York]](http://s.wsj.net/public/resources/images/MK-AT801_ruby_c_A_20090107192330.jpg)
Ruby Tuesday offered a grim outlook as it posted a wider quarterly loss and same-store sales fell 10.8%.
![[Lenovo]](http://s.wsj.net/public/resources/images/OB-CX601_Lenovo_A_20090108044721.jpg)
Computer maker Lenovo said it expects to report a loss for the quarter just ended. The company set layoffs and cuts to executive pay.
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Family Dollar Stores posted a 14% rise in first-quarter net income on strong sales and margin gains, and the discount retailer to raise its outlook for the year.
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![[Marks & Spencer]](http://s.wsj.net/public/resources/images/OB-CX464_Marks__A_20090107035438.jpg)
Marks & Spencer said it would close 27 stores and cut about 1,200 jobs after U.K. comparable sales dropped 7.1% over the Christmas period and margins declined.
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ON Semiconductor cut its revenue forecast and plans to slash costs, the latest sign a semiconductor industry player is struggling amid the sector's downturn.
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