Exelon raises earnings target
Exelon, the biggest U.S. utility owner by market value, raised its2004 earnings target and set a higher forecast range for next year oncost cutting and increased wholesale power prices. Per-share profitexcluding certain items will be $2.75 to $2.90 this year and $2.85 to$3.05 next year, the Chicago-based company, parent of CommonwealthEdison, said. The 2004 forecast is up from a July 28 estimate of$2.68 to $2.83.
Abbott loses to Hershey
Hershey Foods Corp., the No. 1 U.S. chocolate maker, said it willbegin sales of the SmartZone nutrition bars after Abbott Laboratorieslost a court ruling that would block sales while a trademark …
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