10:20 AM EST - Loblaw Cos Ltd. : reported a sharp drop in first-quarter profit on Tuesday, as Canada's largest supermarket chain was hurt by restructuring charges. Loblaw, tangled in an ambitious restructuring of its supply chain which has eroded its bottomline for the past two years, earned $54 million, or 20 cents a share, down from a profit of $140 million, or 51 cents a share, a year earlier. Loblaw Cos Ltd.
shares T.L are trading ahead 8 cents at $50.08.
