PG&E posts lower fourth-quarter earnings
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California utility PG&E Corp.  posted lower fourth-quarter earnings on Thursday, hurt by severance costs from streamlining operations at its Pacific Gas & Electric utility.
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The copper miner said its fourth-quarter earnings fell 3 percent from a slew of one-time charges and higher costs, despite surging revenue.
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Weak home and hardware sales drive lower fourth-quarter profits.
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Stocks fell on Tuesday after a weak outlook from Procter & Gamble, disappointing earnings from U.S. Steel and a report showing consumer confidence at a two-year low fueled worries about the economy, consumer spending and corporate profits.
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Oil and aluminum group Norsk Hydro ASA said Monday fourth-quarter profit fell 68 percent as the company reported earnings a day earlier than scheduled after financial information was leaked.
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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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MOUNTAIN VIEW, Calif. -- Google Inc.'s fourth-quarter profit fell below analyst expectations, signaling the crumbling U.S. economy has dented the Internet search leader's moneymaking machine.
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U.S. home goods retailer Bed Bath &  Beyond Inc  posted a lower quarterly profit on Thursday  and warned its fourth-quarter results would be lower than  expected, sending its shares down almost 10 percent.
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Shares of Gap Inc. fell as much as 4.9 percent on Friday, a day after the apparel giant reported a lower quarterly profit and said 2007 would be a transition year with earnings well short of Wall Street expectations.
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The power company said fourth-quarter profit fell to $271 million, hurt by discontinued operations and higher plant maintenance costs.
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TORONTO (CP) - Stock markets were lower Monday morning on a mixed series of earnings reports and oil prices that continued to hover around the $55 US a barrel level.
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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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McGraw-Hill Cos , the book and  magazine publisher and owner of Standard & Poor's, on Thursday  said fourth-quarter profit fell 31 percent, as disruptions in  global capital markets dampened demand for credit ratings.
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Railroad and transportation conglomerate CSX Corp. reported Tuesday that fourth-quarter earnings dropped by about half, mostly because of charges from the planned sale of its foreign port operations.
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Noble Energy Inc.  said on Thursday its fourth-quarter profit fell as weakness in natural gas prices weighed on results.
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- Mortgage insurer and business information provider First American Corp.  on Thursday posted lower quarterly earnings.
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Shares of Gap Inc. fell as much as 4.9 percent on Friday, a day after the apparel company reported a lower quarterly profit and said 2007 would be a transition year with earnings well short of Wall Street expectations.