Berkshire Profit Falls After Hurricanes
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Berkshire Hathaway Inc. BRKa.N, the  wide-ranging conglomerate run by billionaire investor Warren  Buffett, posted sharply lower quarterly profit on Friday as its  insurance operations paid out large claims from the series of  hurricanes that hit Florida.
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RKB&quot;&gt; Berkshire Hathaway Inc., the investment company run by Warren E. Buffett, said yesterday that profit fell for a third consecutive quarter after hurricanes hammered its insurance units.
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Bear Stearns profits fall 61% as a result of the credit crisis and exposure to sub-prime debt.
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Bank of New York Mellon Corp  said on Thursday quarterly profit fell 72 percent amid disruptions from capital and credit markets, but results topped forecasts as fees from asset management and institutional clients grew at a double-digit pace.
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LONDON (CBS.MW) -- Zurich Financial Services (ZZ:001107539) said Wednesday that third quarter net profits fell 31 percent to $454 million, hit by the impact of hurricanes.
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Engineering and construction company Shaw Group Inc.  on Wednesday reduced its fourth-quarter profit outlook due to an escalation in costs related to Hurricanes Katrina and Rita, sending shares down almost 5 percent in early trading.
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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.
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Allstate Corp. ALL.N the second  largest home and auto insurer in the United States, on  Wednesday said profits fell largely because of hurricane  related damage claims.
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Turmoil in the subprime mortgage market took its toll on two Wall Street investment banks today, as second-quarter profit at Bear Stearns dropped 33 percent and Goldman Sachs squeezed out a modest 1 percent rise in profit.
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After hurricanes Charley and Frances, and with Hurricane Ivan&#39;s arrival, American Financial Group says its 2004 profits will come in at the low end of its forecasts.
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Performance Food Group Co. said Monday that earnings for the third and fourth quarters will fall below its previous estimates, in part due to the effects of the hurricanes that hit the Southeast.
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M&T Bank Corp , the first large U.S. bank to report fourth-quarter results, said on Monday that profit fell, hurt by turmoil in residential real estate markets.
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Bookseller Borders Group Inc.  BGP.N on Tuesday slashed its financial forecast, saying sales  were weaker than expected due in part to hurricanes, and that  profits during the key holiday season would miss Wall Street  estimates.
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Merrill Lynch &amp; Co. (MER.N: Quote, Profile, Research) on Tuesday said third-quarter profit fell 8 percent, hurt by reduced investment banking and trading.
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British oil giant BP said Tuesday that net profit dropped by 6.6 percent to 12.04 billion dollars (8.71 billion euros) in the first half, as output fell further.
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U.S. investment bank Morgan Stanley on  Wednesday said quarterly profit fell amid reduced trading  revenue, reflecting the impact of sluggish markets this summer.
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Merrill Lynch & Co.  on Tuesday said third-quarter profit fell 8 percent, hurt by reduced investment banking and trading.