Turning Pennies into dollars: (NYSE: JPM), (NYSE: CAG), (NYSE: ACN)

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Mar. 27, 2008 -- JPMorgan Worldwide Securities Services (NYSE: JPM), a leading provider of global custody and fund services, announced its intent to acquire the institutional global custody portfolio of Nordea. Nordea is a Nordic leader in institutional global custody with approximately EUR200 billion in assets under custody. As a result of the acquisition, JPMorgan WSS also intends to offer local depository services to in-country mutual funds through the establishment of new branches in Denmark, Finland and Norway together with an expanded presence in Sweden. Nordea will retain its sub-custody franchise in the region.

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Mar. 27, 2008 -- ConAgra Foods, Inc., (NYSE: CAG) one of North America's leading packaged food companies, reported results for the fiscal 2008 third quarter ended Feb. 24, 2008. Current-quarter diluted EPS from continuing operations was $0.63; items impacting comparability did not have a significant net effect on EPS. Prior-year diluted EPS from continuing operations of $0.37 included net expense of $0.07 from items impacting comparability. Items impacting comparability in the current and prior years are summarized toward the end of this release.

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Mar. 27, 2008 -- Accenture (NYSE: ACN) reported strong financial results for the second quarter of fiscal 2008, ended Feb. 29, with net revenues of $5.61 billion, a year-over-year increase of 18 percent in U.S. dollars and 11 percent in local currency. Consulting and outsourcing revenues both grew by double digits in U.S. dollars and in local currency, with outsourcing revenues the highest for any quarter. Earnings per share were $0.64, an increase of 36 percent over the second quarter of fiscal 2007, driven by higher operating income and a lower tax rate in the quarter. In addition, the company has raised its outlook for earnings per share for the full fiscal year 2008 to a range of $2.55 to $2.60 from the previous range of $2.36 to $2.41 provided during the first-quarter earnings announcement in December 2007.

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