Duke Energy earnings fall
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Power company Duke Energy Corp.  posted lower fourth-quarter earnings on Tuesday due to higher settlement reserves and the impact of merger and restructuring activities.
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Profit at PG&amp;E Corp. fell 55.3 percent in the most recent quarter, a drop the company blamed Tuesday on a lingering effect of California&#39;s energy crisis.
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PG&amp;E Corp. said third-quarter net income declined from the year-ago period, when earnings were boosted by revenue collected by its key unit to repay costs related to the California energy crisis.
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Chevron Corp. , the No. 2 U.S. oil company, said on Friday its fourth-quarter profit fell, pulled down by weaker natural gas prices.
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Shares in Siemens have been lower on the stock exchange after the German engineering giant was forced to restate its full-year earnings to take into account charges connected with the alleged slush fund and embezzlement scandal at the company.
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Stocks declined on Monday as a drop in oil prices hit shares of major energy companies and investors took profits in large technology companies in the last trading session of the year.
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Lehman Brothers Holdings Inc   said on Thursday that quarterly earnings fell, hurt by  declining fixed-income revenues.
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Medical device maker Medtronic Inc  on Tuesday said quarterly earnings fell on charges related to the acquisition of Kyphon.
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U.S. oil and gas producer XTO Energy  Inc.  on Tuesday said its fourth-quarter profit fell as  lower natural gas prices weighed on results.
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Sempra Energy  said on Thursday  its earnings fell in the fourth quarter, hurt by a $221 million  charge related to its Argentine utilities.
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With costs inching up and a spin-off's effects, Duke's quarter demonstrated some slippage.
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The company's dismal earnings have dimmed investor enthusiasm.
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NEW YORK - Disappointing earnings from Morgan Stanley and a new spike in oil prices sent stocks lower in early trading Wednesday as investors' worries over third-quarter earnings increased.    In the first hour of trading, the Dow Jones industrial average fell 87.31, or 0.8 percent, to 10,157.62...
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European equities were fractionally lower on Wednesday after a lacklustre US session, but losses were capped by a number of positive earnings reports and oil prices dropping back below $69 a barrel.
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Medical device maker Medtronic Inc   on Tuesday said quarterly earnings fell on charges  related to the acquisition of Kyphon.
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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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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.Comment