On the Watch: CLC NWA YRCW

NEW YORK (AP) - Shares of Clarcor Inc., which makes filtration systems, may trade actively on Wednesday, on news that the company narrowed its full-year profit outlook. Clarcor attributed the revised forecast to financial results from the first two fiscal quarters and current backlog. Separately, Clarcor reported fiscal 2008 second-quarter earnings growth of 18 percent, helped by sales from Perry Equipment Corp., which it bought for about $161 million in cash and stock. Elsewhere, Northwest Airlines, blaming high fuel prices, plans to cut capacity later this year by 3 percent to 4 percent, which is more than previously expected. Many carriers have been cutting back on capacity because of sharp rises in fuel prices. Also, trucking company YRC Worldwide Inc. backed its adjusted second-quarter profit outlook. Excluding certain... [read full story]