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Ticker: October 15

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Sauer-Danfoss Inc. will release third-quarter results after the close of U.S. markets Nov. 9. Sven Ruder, president and CEO, will host a conference call at 9 a.m. Iowa time Nov. 10 to discuss the results. The telephone number is (800) 967-5938. The access code is 36160407. The conference call also will be broadcast live over the Internet at ir.sauer-danfoss.com. In addition, a replay will be available by dialing (800) 642-1687 beginning shortly after the conference call and ending at midnight Nov. 24. The access code is 36160407.

Suku Radia, president and CEO of Bankers Trust Co., will speak at a lecture sponsored by Drake University and the Iowa chapter of Financial Executives International (FEI) at 7 p.m. Oct. 29. The 23rd annual Drake – FEI Lecture, which is free and open to the public, will explore “Banking: An Industry in Crisis.” It will be held in Sheslow Auditorium in Old Main, 2507 University Ave. In recognition of his dedication to nonprofit programs, Radia will receive the Spirit of Philanthropy Award from the Association of Fundraising Professionals in November.

Real average hourly earnings fell a seasonally adjusted 0.1 percent from August to September due to a 0.2 percent rise in one measure of the Consumer Price Index, the U.S. Bureau of Labor Statistics (BLS) said today. Average weekly earnings fell 0.4 percent over the month, as a result of the decrease in hourly earnings and a 0.3 percent decrease in the average workweek. Since reaching a recent high point in December 2008, real average weekly earnings have fallen 1.9 percent, the bureau said. In a separate report, the BLS said prices have increased 1.3 percent during the last 12 months, tempered by declines in food and energy costs.

Forest City-based Winnebago Industries Inc. said today that losses widened in its fiscal fourth-quarter, which ended Aug. 29, as tight credit and the housing slump weighed on consumer demand for its pricey motor homes, Reuters reported. But dealer inventories declined and the company expressed confidence that retailers would need to start ordering soon to satisfy retail demand, suggesting a rebound might be in the making. Winnebago’s sales order backlog at the end of the quarter was up 58 percent from the comparable period last year and up 146 percent from the previous quarter, driven by demand for its biggest and most profitable vehicles. The company reported a fourth-quarter loss of $50.2 million, or $1.73 a share, compared with a loss of $12.7 million, or 44 cents a share, a year earlier. Sales fell 30 percent to $59.5 million. The net loss for the quarter included a non-cash tax-related charge of $41.1 million, or $1.41 a share. Excluding that charge, Winnebago’s loss was $5.4 million, or 19 cents per share.

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