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On the Watch: Whole Foods Market profit declines

By Associated Press
May 14, 2008 | Comments (0)

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Shares of Whole Foods Market Inc. may trade actively on Wednesday, after it said its quarterly profit fell on costs to integrate its Wild Oats acquisition.

The organic- and natural-food retailer recorded 6 cents per share in integration costs, due to the purchase of Wild Oats.

Meanwhile, color measurement technology company X-Rite Inc.'s chief financial officer left the company, after less than three months on the job. Shares rose sharply in Tuesday aftermarket trading.

Also, IAC/InterActiveCorp and Liberty Media Corp. have resolved a legal skirmish over plans by IAC to split into several parts. Liberty will drop an appeal it filed.

In March, a Delaware judge sided with IAC head Barry Diller on breakup plans. Liberty had been arguing with IAC for months over the breakups.

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