Alltel net profit falls after wireline spin-off
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Alltel Corp.  on Tuesday posted  better-than-expected profit and revenue as the rural wireless  provider attracted new subscribers, and shares rose more than 2  percent in early trading.
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Wireless equipment maker LM Ericsson AB reported a sharp drop in fourth-quarter net profits and said Friday it would lay off around 1,000 employees in Sweden because of costs cuts.
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UTStarcom Inc. on Tuesday said its third-quarter profit plummeted, but beat Wall Street expectations. The networking products company reported earnings of $5 million, or 4 cents per share, down from $59.
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The newspaper publisher and television station operator said  third-quarter profit fell to $2.5 million as ad revenue slumped.
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Annual profits at broadcaster ITV fall  as a result of a continuing decline in advertising revenues.
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US phone giant Verizon sees its profits fall 38% due to the cost of building a new fibre-optic network.
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Insurance and banking group Allianz reported a 7 percent drop in second-quarter net profit Monday as lower interest earnings offset an improved performance by its Dresdner Bank subsidiary.
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LONDON : British mobile telephone giant Vodafone reported a two percent fall in half-year underlying profits as the group added 7.4 million new customers.
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Shares dropped as the company forecast a decline in 2008 earnings due to generic competition and weaker sales for its diabetes pill.
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Alcatel shares  fell as much as  6.3 percent on Tuesday after U.S. merger partner Lucent  Technologies  warned fiscal third-quarter earnings would  be hit by weak wireless sales in North America.
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Allstate, the home insurer, said that net income fell more than 15 percent in the third quarter, hurt by higher catastrophic losses.
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Satellite broadcaster BSkyB has posted a drop in first-half profits owing partly to set-up costs for its new broadband Internet service.
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BERN : Switzerland&#39;s main telecommunications operator, Swisscom, reported a 17.2 percent decline in its nine-month net profit compared to last year to 1.14 billion Swiss francs (734 million euros, 963 million dollars) in 2004.
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French-US telecom equipment maker Alcatel-Lucent issued its second profit-warning of the year Thursday, sparking a sharp fall in the group&#39;s share price despite management assurances the merger of the two groups would prove fruitful.
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Toll Brothers said its first-quarter profit fell 67 percent as a result of lower sales, write-downs and other costs.
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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.
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Richard and Judy also fingered BT's ongoing round of sackings has caused a slump in profits as it counts the cost of offloading middle managers, the national telco said today.â¦