Avis shares drop as profits slide
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Shares in car rental group Avis Europe drop 12% after it reports a slide in profits and warns that earnings will remain under pressure.
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Stocks fell on Thursday after disappointing results from Comcast  and engine maker Cummins  fed worries about corporate profits, while fears of more credit losses hit financial shares.
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European stock markets fell on Wednesday on profit-taking after bumper gains made the previous day, and as investors tracked a fresh batch of earnings news, dealers said.
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U.S. stocks fell on Friday after Microsoft Corp.  tempered revenue expectations for the Vista computer operating system.
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Morgan Stanley and Bear Stearns posted drops in quarterly profit yesterday, surprising some investors one day after two other big investment banks reported a rise in earnings.
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The countryâs largest newspaper publisher said Friday that its fourth-quarter profit dropped because of a decline in broadcasting revenue and weak newspaper ad sales.
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Shares in JetBlue Airways Corp.   fell on Friday after the discount carrier lowered its  earnings forecast amid weaker demand.
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European stock markets retreated on Friday, with shares in aerospace group EADS plunging by more than 2.5 percent after revealing the first-ever operating loss for its troubled Airbus unit.
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Shares of MicroStrategy slid yesterday after the McLean business software firm reported a decrease in profit and analysts aired concerns about the company.
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Slashed earnings estimate pulls down shares.
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Two large Wall Street firms - Morgan Stanley and Bear Stearns - reported a fall in quarterly profits yesterday in sharp contrast to rival players who presented an upbeat performance the day before.
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Asset manager Federated Investors (FII.N: Quote, Profile, Research) on Thursday reported lower quarterly profits as the firm&#39;s assets declined in difficult market conditions.
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Avis Europe PLC has dumped a new ERP system based on software from PeopleSoft Inc. before it was even rolled out, citing substantial delays and higher-than-expected costs.
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Belo Corp. said on Friday that quarterly profit dropped sharply, dragged down by costs connected to a recent scandal into inflated circulation data at its Dallas Morning News newspaper.
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A profit warning from Australian no-frills airline Virgin Blue sends its shares down 20%.
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Stocks fell on Thursday, on a handful of disappointing earnings reports, including results from cable TV operator Comcast Corp , and on uncertainty over how badly the financial sector will be affected by the credit crisis.
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U.S. stocks fell on Thursday as investors locked in profits ahead of Friday's jobs data that could show further weakening in the economy and possibly send equity markets lower.