Changhong may post profit drop
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BEIJING, Dec. 28 -- Sichuan Changhong Electric Co. Ltd. (600839.SH), one of ChinaÂ¡Â¯s leading television set makers, was likely to post a profit slump this year, the countryÂ¡Â¯s leading financial newspapers reported Monday.
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The decline of the dollar over the past few weeks may cast a worrying shadow over the U.S. economy, but it could boost results for some corporations.
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Heading into the heart of earnings season next week the expected results look robust, but a slowing of future profit growth and the impact of surging oil prices on the economy could conspire to hold down stocks.
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Japanese shares will probably move in a  narrow range in a week shortened by public holidays, but could  dip below the 11,000 level as earnings disappointment saps Wall  Street's momentum and as concern lingers over the global  economic outlook.
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Nokia Oyj, the world&#39;s largest mobile- phone maker, said profit may drop for a second straight quarter after reporting a 20 percent decline in third-quarter earnings as it cut prices in a bid to regain market share.
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HONG KONG (CBS.MW) -- British pest control and office services group Rentokil warned investors Tuesday to expect weaker results next year and said 2004 profit would be hurt by the soft US dollar and one-off costs.
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Heading into the heart of earnings season this week the expected results look robust, but a slowing of future profit growth and the impact of surging oil prices on the economy could conspire to hold down stocks.
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Time Warner has reported revenue growth of 5% for its third quarter, but net income declined. The company may also have to restate its financial results for 2002 in connection with the investigation of accounting
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The company still isn't profitable, but big gains may be on the horizon.
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U.S. stock investors looking to recoup from the worst week in almost three months will have to keep one eye out for signs of weakness in the tidal wave of earnings due next week and the other on the threat surging oil prices pose to the economy and profits.
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Costco Wholesale Corp. COST.O on   Wednesday warned of lower-than-expected quarterly profit   because of disappointing margins, as customers cut back on   purchases of big-ticket discretionary items such as furniture,   sending shares down nearly 5 percent.
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Turnaround from record loss is not right around the corner.
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Heading into the heart of earnings  season this week the expected results look robust, but a  slowing of future profit growth and the impact of surging oil  prices on the economy could conspire to hold down stocks.
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Plus: Matsushita profit up 22 percent...Amazon's profit up, margins squeezed...SAP cautious on 2008...Yahoo profit falls.
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Dell Inc.  on Friday warned  that second-quarter earnings and revenue would fall short of  forecasts, blaming what it called "aggressive pricing" in a  slowing market.
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Banking giant UBS (UBSN.VX: Quote, Profile, Research) was cautious over prospects for the rest of the year after a lull in trading hurt its third-quarter profit, despite
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Investors worried about third quarter earnings looked past a surprise drop in wholesale prices, keeping stocks mixed Friday. Blue-chips dropped on profit warnings from Dow component Alcoa Inc.