Canadian Imperial 4th-Qtr Net Falls on Enron Charge
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Canadian Imperial Bank of Commerce, the country&#39;s fourth-largest bank, said fourth-quarter profit fell 14 percent as the lender took a provision for legal costs related to Enron Corp.
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CHARLOTTE, N.C.  -- National bank Wachovia Corp. said Tuesday its fourth-quarter earnings tumbled 98 percent due to a $1.7 billion reduction in the value of certain portfolios and $1.5 billion set aside to cover bad loans.
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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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3M Co  said on Tuesday fourth-quarter earnings fell as last year's results included a gain for selling a business.
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Prices on the Hong Kong Stock Exchange closed lower for the fourth straight session on profit-taking Friday. The blue-chip Hang Seng Index fell 107.01 points, or 0.8 percent, to 13,901.81.
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The natural gas producer and pipeline operator said its fourth-quarter loss widened, hurt by a tax charge related to the sale of its stake in a pipeline.
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The company reported a fourth-quarter net loss of $2.58 billion,  citing a $6.1 billion charge related to transferring employees from a multi-employer pension fund.
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CKE Restaurants Inc. (CKR.N: Quote, Profile, Research) , a fast-food chain operator, on Monday posted a smaller-than-expected earnings before charges, hurt by weaker
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News of an RCMP criminal investigation of Nortel Networks and its financial accounting practices sent the company&#39;s shares down slightly on Tuesday.
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LONDON, November 29  - Severn Trent Plc (SVT.ETR) reported a 10% decline in its 1H pre-tax profits to Â£126.2 million ($239 million).
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3M Co  said on Tuesday  fourth-quarter earnings fell as last year's results included a  gain for selling a business.
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Agere Systems Inc. AGRa.N on Tuesday  posted a fiscal fourth-quarter loss as the communications chip  maker's revenue declined and it took hefty charges for  restructuring.
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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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- Enron Corp. on Tuesday said it distributed about $3.37 billion to its creditors, taking the total distribution since November 2004 to $9.40 billion.
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TORONTO (CP) - Royal Bank is refunding about $9.2 million to 152,000 customers who were charged a separate fee for a service that should have been included in their banking package fee.
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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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TORONTO (CP) - Non-energy income trusts are disappointing investors, with two more cutting or suspending their cash distributions to unitholders this week and causing the value of their units to plummet.