Visteon to miss second-half financial targets
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Car parts maker Visteon Corp. VC.N on   Tuesday warned that financial results will fall short of prior   2006 forecasts, becoming the latest supplier to blame U.S. Big   3 production cuts for a shortfall.
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Shares of auto parts supplier Visteon Corp. (VC.N: Quote, Profile, Research) fell 15 percent to near a 10-month low on Friday after it warned that production cuts by major customer Ford Motor Co.
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The report comes amid rising investor concern about the impact of a possible slowdown in computer spending during the first half of the year.
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Business & money: Forceful presentation fails to sway all investors while target says proposal is still 'dead in the water'
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Business & money: Consumers and small firms are being left short of cash before being reimbursed, reports Lisa Bachelor.
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French superstore operator Carrefour SA warned Tuesday it will miss earnings and revenue targets for 2004 as a result of price-cutting campaigns and the &quot;worsening macroeconomic environment.
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The gay-and-lesbian travel service will suffer in its second half because of increased cruise costs.
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With only about 50% of the revenue data for the fiscal first quarter of 2007 in hand, AMD had enough information ahead of a critical analysts' meaning this afternoon to warn that it won't be meeting its revenue targets this quarter.
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Colgate-Palmolive Co. warned Monday that second-half earnings will fall well short of Wall Street forecasts due to higher marketing spending.
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Decision follows speculation that response to last year's financial turbulence might cost a second term
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Take-Two Interactive Software Inc  said on Tuesday it cut its quarterly net loss in half, but the publisher of games such as "BioShock" gave an outlook that fell short of Wall Street expectations, and its shares fell 4 percent.
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Microsoft Corp. said on Friday it  expects to complete less than one-quarter of a $20 billion  share buyback this week, shifting the rest of the buyback to  later dates -- a move that traders said was boosting its stock  price.
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Nortel Networks Corp. NT.TO on  Thursday warned that third-quarter sales will fall below its  second quarter and that full-year 2004 revenues at North  America's largest telecom equipment maker will lag the overall  sector.
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Company delays divestiture of manufacturing assets, as it focuses on its financial restatement.
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Nortel Networks Corp. said it will miss a self-imposed October deadline for filing restated results, the second time the telephone equipment maker has delayed the release of its financial statements.
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Nortel Networks Corp. NT.TO warned on  Thursday that third-quarter sales will fall below its second  quarter and that full-year 2004 revenues at North America's  largest telecom equipment maker will lag the overall sector.
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Auto parts maker Visteon Corp.   on Tuesday warned sales will fall short of its prior 2006  forecast, becoming the latest supplier to fall victim to  production cuts by the Big Three automakers.