Hurricane losses slash profits
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Warren Buffett&#39;s Berkshire Hathaway has reported its smallest quarterly profit in more than two years after four United States hurricanes and a failed mining project cost the company US$1.
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Fine jewelry retailer Zale Corp. posted wider first-quarter losses on Tuesday, citing hurricanes and tropical storms that hurt the company&#39;s sales in the southeastern United States.
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Berkshire Hathaway, the company run by billionaire investor Warren Buffett, reports a drop in quarterly profits after hurricanes cost it $816m (Â£439m).
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JetBlue Airways Corp. , a low-fare carrier flying mainly on the East Coast, said third-quarter profit will be lower than it expected because of hurricanes that forced flight cancellations in Florida and high fuel costs.
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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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The property insurance industry had record third-quarter losses this year after a series of storms, including a string of hurricanes, according to an actuarial firm&#39;s preliminary estimate.
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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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Coca-Cola Bottling Co. Consolidated, the Coca-Cola Co.&#39;s major bottler and distributor in the Southeast, said Wednesday that third-quarter profit fell as bad weather, high fuel prices and fewer promotions led to lower volume.
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Allstate Corp. (ALL.N: Quote, Profile, Research) , the No. 2 US home and auto insurer, warned on Wednesday its third-quarter profits would fall well short of expectations due to more than $1 billion in hurricane-related payouts.
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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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Production at several alumina  refineries in Jamaica has been reduced and shipments slowed due  to damage caused by Hurricane Ivan, which battered the island  over the weekend, several companies said Tuesday.
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Hurricanes, weak back-to-school sales, and weak European business bring an earnings warning.
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Farming supply retailer Tractor Supply Co.  on Monday reported that its earnings fell in the third quarter because of higher freight costs, higher costs for steel and other commodities and a shift in sales to lower margin hurricane-related items.
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HCA Inc., the largest U.S. hospital chain, said on Friday its third-quarter earnings fell, hurt by hurricanes that hit the southeastern U.S. earlier this year, causing disruption and a drop in admissions at the company's hospitals in Florida.
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Insurer St. Paul Travelers said the three major hurricanes that hit the US east coast in recent months will cut 45 cents from its third-quarter earnings per share.
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FORT LAUDERDALE, Fla. - Car-dealership operator AutoNation Inc. cut its third-quarter and 2004 earnings outlooks due to recent hurricanes in Florida and a challenging retail sales environment.
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Oil prices slid on Monday as a  hurricane in the Caribbean was downgraded to a tropical storm,  reducing the threat to U.S. Gulf oil facilities.