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21 March 2007

Coffee Holding Co., Inc. Reports First Quarter Earnings

category: Blogroll

Coffee Holding Co., Inc. (AMEX: JVA) today announced its operating results for the three months ended January 31, 2007.

Net income was $309,684, or $.06 per share (basic and diluted), for the three months ended January 31, 2007 compared to net income of $519,638, or $.09 per share (basic and diluted), for the three months ended January 31, 2006. The decrease primarily reflects losses related to our Café La Rica joint venture, including a $63,939 equity loss, a $33,000 writedown in the investment in the joint venture and a $242,000 writedown in amounts due from the joint venture. These losses reduced our net income by $338,939, or $0.04 per share, for the three months ended January 31, 2007.

Read More: Sys-Con Media

Posted by beanybabe at 4:31 AM PDT

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Truth is stranger than…

category: Uncategorized

A middle school student was suspended for placing human urine in a teacher’s coffee pot, an official at Wilson Middle School confirmed Monday.

The eighth grade boy allegedly placed the urine in the teacher’s coffee pot on Friday. Another student overhead a conversation between several students and reported it to administrators. The eighth grader has been suspended and could be expelled, according to Steve Edwards, assistant superintendent of Muncie Community Schools (Indiana).

Read More: 13 Eyewitness News

Posted by beanybabe at 4:28 AM PDT

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Another Coffee Toss

category: Blogroll

An Ambridge convenience store employee was treated at a Pittsburgh (Pennsylvania) hospital for severe burns early Monday after a customer threw a pot of hot coffee at her. A whole pot! Borough policeman James Mann said Crumb was scheduled to see a specialist in the hospital’s burn unit today. Crumb, he said, was working the late shift at Sunoco A-Plus, 800 Merchant St., when she got into a scuffle with a customer.

Read More: Times Online

Posted by beanybabe at 4:26 AM PDT

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Starbucks Annual Meeting Today

category: Blogroll

Expect to hear news about disruptions and protests by the Starbucks Workers Union. This should be interesting.

Posted by beanybabe at 4:19 AM PDT

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FMC extends coffee trading to 11.30 pm

category: Blogroll

Punters can now take cue from the global markets in real time while trading coffee on Indian exchanges. The Forward Markets Commission has permitted exchanges to extend the trading time for coffee up to 11.30 pm from Monday to Friday. Coffee is the first farm commodity to get this privilege. Till now, late night trading was only permitted by the government in metals, bullion and energy.

ET had earlier reported that the FMC was considering a move to extend trading time for farm crops.

Read the Story: The Economic Times

Posted by beanybabe at 4:12 AM PDT

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