Siemens AG Sees Net Profit Fall
87125
Siemens AG, maker of big-ticket industrial goods such as power generators and streetcars, saw profits fall 10 percent in its most recent quarter, the company said Thursday, as its mobile phone and transportation businesses posted losses.
715040
Siemens AG, Germany s largest engineering company, said fourth-quarter profit fell because of costs related to design faults in trains and a software bug in mobile phones.
207372
Siemens AG plans to cut 1,250 jobs in its wireline network business as it restructures the unit, the German engineering giant said Friday.
197048
Siemens AG tried Sunday to blunt fierce criticism from politicians, labor unions and the media for unloading its mobile phone business on a Taiwanese company which has failed to keep it afloat.
28091
German electronics giant Siemens said that financial burdens connected with a technical fault in its new mobile phone handsets were likely to reduce earnings in the final quarter of its business year ending in September.
268763
Automaker Volkswagen on Thursday reported a 65 percent drop in net profit from the same period a year ago amid fiercely competitive markets and difficult
215787
Mounting losses at U.S. arm Chrysler   forced DaimlerChrysler DCXGn.DE to cut its 2006 operating   profit forecast by around 1 billion euros ($1.27 billion) on   Friday, sending its shares skidding lower.
88115
Tool maker Black & Decker Corp  slashed its fourth-quarter profit outlook on Friday, citing worse-than-expected conditions in North America and a one-time charge, and its shares fell as much as 10 percent.
710310
The manufacturer said earnings fell 54 percent from a year-ago period which included its former health-care and electronics units. Adjusted profit topped Wall Street expectations by a wide margin.
94694
FRANKFURT : German electronics giant Siemens is planning to de-list its shares from the New York Stock Exchange because of the high costs of maintaining a listing on Wall Street.
422040
Treo smart-phone maker Palm Inc., which is facing increasing competition and recently pulled a major new product just before its scheduled launch, said Wednesday it expects its profit to fall in its fiscal first quarter.
403083
Costco Wholesale Corp.  on Thursday said its quarterly profit fell, hurt by charges for expensing stock options.
539027
Kraft Foods Inc.  posted a sharply lower quarterly profit on Wednesday as the company continued to work on plans to revive its business.
351791
The company said on Friday that its profit fell on price declines for its mainstay computer memory chips, but expressed confidence a rebound in the market would bolster earnings.
585317
Sears Holdings Corp.  on Tuesday forecast lower quarterly profit and admitted that it needs to become more relevant to consumers and control its costs, sending its shares down more than 7 percent in premarket trading.
140061
Metro, Germany's biggest retailer, turns in weaker-than-expected profits as sales at its core supermarkets division dip lower.
323505
Profit fell 94 percent in the third quarter as sales fell in the companyâs cell phone business, but it forecast better-than-expected fourth-quarter results.