Brett LoGiurato

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Sotheby's Posts $29.7 Million Net Loss in Third Quarter

Auction house Sotheby's posted a $29.7 million net loss in the third quarter, the company announced in its earnings report after trading ended Monday. Sotheby's net loss compares to a $19.4 million loss from the same period last year.

Kraft Foods Profit Jumps 22 Percent in Third-Quarter Earnings

Kraft Foods Inc. (KFT) reported a 22 percent leap in third-quarter profits Wednesday from the same period a year ago. The company touted its investments in marketing and new products to help turn increased profits despite significantly higher prices.

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