| Celebrate Express Q2 earnings below expectations
Celebrate Express Inc. reported second-quarter net income of $430,000, or earnings of 5 cents a share, down from $568,000 and 7 cents a share a year earlier. Analysts polled by Thomson Financial Network expected second-quarter earnings of 7 cents. Revenues were $31.3 million -- exactly what analysts predicted, up from $28.5 million a year ago. Officials at the Kirkland party products company (NASDAQ: BDAY) said there was a "late season spike in sales" around Halloween. "Unfortunately, that sharp, late season spike in sales resulted in a temporary shipping backlog that did create a disappointing shopping experience for some customers," said Kevin Green, CEO, in a statement. Shares in Celebrate Express dropped more than 11 percent, falling 91 cents to close at $6.93 in Friday trading.
Catlin Court historic district adds 71 homes
An additional 71 homes in Catlin Court have been added to the National Register of Historic Places, giving the downtown Glendale neighborhood 134 properties with historic status. Some of the quaint homes date to 1914, with numerous Craftsman bungalow-style homes built in the 1920s. Russ and Debbie Spencer bought their Catlin Court home more than two years ago. The couple were leaving Las Vegas and a tract home in a walled community. They sought a place without fences. .
Apple Updates Notebook, iPhone, Movie Plan
Apple CEO Steve Jobs announced the model Tuesday at the Macworld Expo conference in San Francisco, the same event that brought the announcement of the iPhone last year. Also on the way from Apple are two new services: the ability to rent downloadable feature films via Apple TV, and Time Capsule, a backup system that provides automatic safety versions of any of the company's computers running on a wireless network. The company's popular iPhone also got a freshened suite of software, most notably a new messaging system and improved mapping ability. Jobs' presentation included a slideshow that showed Apple with nearly 20 percent of the U.S. smartphone market. The new laptop, named the MacBook Air, has a 13" LED-backlit screen and is available with either a 64GB solid-state flash drive or a standard 80GB hard drive.
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