12:21 PM EST - Sobeys Inc. : reported a lower third-quarter profit on Wednesday. The food retailer, which operates under the Sobeys, IGA and Price Choppers banners, said it earned $33.3 million, or 51 cents a diluted share, down from a profit of $45.7 million, or 70 cents a share, a year earlier. Sobeys Inc.
shares T.SBY are trading off 50 cents at $41.16.