BNP 4Q net profit may sink 42 pct
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French bank BNP Paribas SA on Wednesday estimated fourth-quarter net profit plunged 42 percent.
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French bank BNP Paribas warns "deepening crisis" in financial markets has dented profits.
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The bank said fourth-quarter net slipped 48 percent from a year ago to 953 million euros ($1.4 billion), beating analystsâ estimates and sending shares higher.
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Citigroup Inc , Merrill Lynch & Co  and JPMorgan Chase & Co  may face larger fourth-quarter write-offs of fixed-income securities than previously expected, and Citigroup may have to slash its dividend 40 percent to preserve capital, according to a Goldman Sachs & Co analyst.
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Media company Belo Corp. estimated that fourth-quarter earnings Wednesday will likely fall in line with analysts&#39; figures. Belo, which publishes the flagship Dallas Morning News, said that it expects fourth
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While the bank predicted that it would make a profit in the fourth quarter, analysts were concerned about the likelihood of additional write-downs.
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Manchester United reported lower annual profits of 27.9 million pounds from 39.3 milllion last time and warned future results would be affected by a drop in media revenues.
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The company reported fourth-quarter profit of $85 million on weakness in its risk and insurance services business.
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The bank said its fourth-quarter earnings fell sharply,  to $268 million from $5.26 billion a year earlier, hurt by mounting credit losses and weak investment banking results.
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Top UK banks are set to report combined profits of about Â£38bn for the past year despite worries about exposure to bad debts.
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Northern Rock shares slump 9.5% after it warns that earnings would not be as strong as analysts predict.
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Home builder Toll Brothers Inc. today reported a 44 percent drop in quarterly profit but predicted the slumping U.S. housing market may have hit bottom, particularly in the Washington region.
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Boston Scientific Corp. BSX.N shares   tumbled to a four-year low on Friday after the company issued a   profit warning for the third quarter, prompting at least one   major Wall Street firm to raise questions about the company's   management and cash situation.
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US stocks&#39; drop amid the release of third-quarter earnings reports may reflect concern that next year&#39;s profit growth will slow even more than forecast.
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Australian brewer Lion Nathan Ltd this morning said write downs on its wine business and other assets would see its full year result reduced by $A42.
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The New York Times Company reported a fourth-quarter profit of $53 million as revenue dropped, but it continued to fare better than most of its peers across the troubled newspaper industry.
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Stock prices are lower in some early-session profit-taking. The Dow Jones Industrial Average is down 13 points in today&#39;s early going.