Allstate posts lower fourth-quarter earnings
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Allstate Corp , the largest publicly traded U.S. home insurer, said on Tuesday that net income fell 37.3 percent in the fourth quarter, hurt by higher catastrophe losses.
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Fourth-quarter earnings dropped 30 percent to $128.9 million on restructuring and other charges, but the results still beat analystsâ estimates.
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Kellogg Co.  reported lower fourth-quarter earnings on Tuesday due to costs for job cuts at a plant in England, higher prices for commodities such as corn and wheat, and increased advertising spending.
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The chemical maker reported a quarterly profit that was lower than expected, in part due to weak demand from the housing and auto markets.
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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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- California utility PG&E Corp.  on Thursday posted lower earnings in the fourth quarter compared with the year-ago period.
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The newspaper publisher reported a fourth-quarter profit after a loss a year ago, but it continued to be hurt by the housing slump in California and Florida.
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Allstate Corp. , the largest publicly traded home insurer in the United States, said on Tuesday that fourth quarter earnings rose 16.5 percent, helped by low catastrophe losses, but missed analysts' estimates.
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Allstate Corp., the second largest US home and auto insurer, warned Wednesday its third-quarter profits will fall well short of expectations due to more than $1 billion in hurricane-related payouts.
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The newspaper publisher and television station operator said fourth-quarter profit dropped 70 percent, hurt by a write-down and less political advertising revenue.
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Kellogg Co.  reported lower  fourth-quarter earnings on Tuesday due to costs for job cuts at  a plant in England, higher prices for commodities such as corn  and wheat, and increased advertising spending.
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Allstate Corp. on Wednesday warned its third-quarter profit would be a fraction of Wall Street expectations after the insurance firm said it sees more than $1 billion in catastrophic losses from recent hurricanes.
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Power company Duke Energy Corp.  posted lower fourth-quarter earnings on Tuesday due to higher settlement reserves and merger and restructuring costs.
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Toll Brothers Inc. , builder of luxury homes, on Tuesday reported a fall in fourth-quarter earnings amid continuing softness in some of the once-hottest U.S. housing markets.
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Toll Brothers Inc. , builder of  luxury homes, on Tuesday reported a fall in fourth-quarter  earnings amid continuing softness in some of the once-hottest  U.S. housing markets.
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Washington Post Co.  said on Wednesday its fourth-quarter profit fell 7 percent, dragged down by charges and a profit decline at its newspaper division.
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Allstate Corp.  the second largest home and auto insurer in the United States, on Wednesday said profits fell largely because of hurricane related damage claims.