AutoNation cuts earnings views due to hurricanes
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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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Hurricane Frances threatens to dampen sales, and possibly earnings, for a slew of companies -- from insurers to airlines -- as business activity screeches to a halt only three weeks after Hurricane Charley hit Florida.
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Hurricane Frances threatens to dampen  sales, and possibly earnings, for a slew of companies -- from  insurers to airlines -- as business activity screeches to a  halt only three weeks after Hurricane Charley hit Florida.
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Fresh Del Monte Inc.  on Thursday cut its 2004 earnings forecast because of weak banana prices, high fuel costs and bad weather, among other factors.
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After Hurricane Ivan pummeled a wide  swath of land along the Gulf of Mexico Thursday, some U.S.  insurers swamped by the third major hurricane of 2004 might  find their profits gone with the wind.
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Office Depot Inc., the world&#39;s No. 2 office-supplies retailer, said it expects earnings per share for the third quarter to fall below current First Call estimates partly because of the recent Hurricanes in Florida.
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Commercial property-liability insurer St. Paul Travelers Cos. expects combined losses from hurricanes Charley, Frances, Ivan and Jeanne to reduce third-quarter earnings by 58 cents a share, the company said Monday.
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The nation&#39;s two largest automakers said Wednesday they will reduce production in the first quarter of 2005 after reporting weak November sales.
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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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Allstate Corp. ALL.N, the No. 2 U.S.  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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U.S. industrial output dropped unexpectedly in January as automakers slashed production, while new claims for jobless rose sharply last week partly due to winter storms, data released on Thursday showed.
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A slowdown in automobile and financial advertising hurt the companyÂs advertising sales over the last few weeks.
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Hurricanes, weak back-to-school sales, and weak European business bring an earnings warning.
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HOME furnishings firm Courts yesterday issued a profits warning after Hurricane Ivan delivered a blow to its trading. The London-based company, which has 91 stores in the Caribbean, said the storm forced the
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World oil prices fell about $2 a  barrel on Friday as dealers took profits from a recent rally,  but the market remained on edge as powerful Hurricane Ivan  thrashed through the Caribbean on a track toward the  energy-rich Gulf of Mexico.
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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.
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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.