Fortune Brands Stock Drops as Earnings Slump, Executive Bonuses Cut

(Reuters) — Fortune Brands Inc. reported a much lower-than-expected fourth-quarter profit on Thursday and forecast 2009 results well below Wall Street estimates, sending its shares down more than 10 percent. The company, which makes Jim Beam bourbon, Titleist golf balls and Moen faucets, ...

Copyright CRAIN - Crain's
Contact Us