Accredo Cuts '05 Forecast, Stock Plummets
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Accredo Health Inc. ACDO.O, which  provides pharmacy and treatment services for patients with  chronic illnesses, on Monday slashed its profit forecast due to  lower reimbursements from government insurers, sending its  shares down almost 25 percent.
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Google, Inc. significantly cut the expected share price this morning for its initial public stock offering, signaling lower-than-anticipated demand for the most highly publicized new stock since the late 1990s.
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Japan&#39;s Nikkei 225 Stock Average fell for the first day in four. Nintendo Co. and Sharp Co. declined after brokerages cut their ratings on the companies, citing concern that earnings growth may slow.
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Housewares retailer Williams-Sonoma  Inc. WSM.N on Thursday cut its forecasts for fourth-quarter  sales and earnings per share, and its shares fell 6 percent.
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Forrester Research said Monday that it is downgrading its 2008 forecast for IT purchasing in both the U.S. and around the world.
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Fresh Del Monte Inc. (FDP.N: Quote, Profile, Research) 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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The retailer lowers its outlook after same-store sales fall.
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Stocks fell moderately in early trading following news that sales of existing homes fell in July for a fifth straight month and that inventories of unsold homes spiked.
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Global chip equipment sales are expected to fall 5.15 percent in 2005, an industry group said on Wednesday in a sharp reversal from its July forecast of growth of 23.98 percent.
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American Axle & Manufacturing Holdings  Inc. AXL.N, an auto parts supplier, on Thursday cut its 2004  earnings forecast, citing planned production cuts by its  customers and higher raw material costs.
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Sobering expectations â foreshadowed on Sunday when management announced lower prices â weighed on the companyâs already drooping stock.
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The stock market plummeted yesterday after a report that businesses that account for a vast portion of the U.S. economy are shrinking.
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Drug distributor Accredo (ACDO:Nasdaq - news - research) fell sharply Monday after reporting a 15% jump in fourth-quarter earnings but warning that 2005 results would be hurt by lower reimbursement rates for several key therapies.
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Dow Jones & Co. DJ.N on Wednesday  cut its earnings forecast for the current quarter, citing  weakness this month in key advertising categories at its  flagship newspaper The Wall Street Journal, sending shares down  3 percent.
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Dean Foods Co., the nation's largest processor and distributor of milk and dairy products, cut its profit forecast on Tuesday due to soaring costs for raw milk, sending its shares down as much as 5.5 percent.
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Texas Instruments Inc., the world&#39;s biggest maker of mobile-phone processors, narrowed its fourth- quarter sales forecast because industrial customers for its chips continue to reduce inventory.
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Stocks dropped on Friday after heavy equipment maker Caterpillar Inc cut its profit forecast and warned the housing slump was spilling over into other parts of the economy.