Local Focus.(Business)

0 Comments | Daily Herald (Arlington Heights, IL), November, 2006

Investors buy Cosi despite widened loss DEERFIELD - Shares of Cosi Inc., an unprofitable but rapidly- expanding upscale convenience food chain, rocketed over 11 percent Wednesday despite the company's report of a third-quarter loss that went beyond analysts' expectations. Shares rose 52 cents to close at $5.13 on the Nasdaq.

Cosi's loss deepened 19 percent $2.9 million, or 7 cents per share, from a $2.4 million loss, or 6 cents, a year ago. Analysts had expected a loss of 3 cents. Revenue rose 7 percent to $33 million but same-store sales fell 4.2 percent compared with a year-earlier gain of 7.8 percent. - Tanja Babich Medill News Service Standard & Poor's raises Baxter rating DEERFIELD - Baxter International Inc. on Tuesday received a ratings upgrade...