Also
* Wells Fargo & Co. said it would process credit card transactions for PayPal Inc., an Internet payment services company used by auction Web sites such as EBay Inc. PayPal will pay a fee to Wells Fargo for every credit card authorization, settled card transaction and reversed transaction in the event of a disputed charge, according to a filing with the Securities and Exchange Commission.
* Bed Bath & Beyond Inc. said fiscal first-quarter profit rose 54% to $46.3 million, or 15 cents a share, as sales jumped 35% to $776.8 million.
* Carnival Corp.’s fiscal second-quarter profit unexpectedly rose as cost cutting helped the largest cruise line company weather a drop in prices to attract travelers. Net income increased 3.7% to $194 million, or 33 cents a share, as revenue fell 8.3% to $989 million.
* Darden Restaurants Inc. said fiscal fourth-quarter profit rose 20% to $72.9 million, or 40 cents a share, helped by higher sales at the Red Lobster and Olive Garden chains. Revenue grew 8.2% to $1.16 billion.
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