Wachovia Profit Declines 10%; Job Cuts Ahead
175268
Wachovia, the nationâs fourth-largest bank, said Friday that its profits fell 10 percent in the third quarter due to losses related to turmoil in the credit markets.
444763
No. 5 US bank posts profit of $1 a share, two cents better than estimates, revenue up 5%. NEW YORK  - Wachovia Corp., the No.
249808
Packaged foods giant ConAgra Foods Inc. reported a 10 percent drop in second-quarter profits on Wednesday, citing lost revenue from discontinued operations.
166847
The Dow closed down 366.94  today as earnings reports from Wachovia and Caterpillar disappointed investors.
405849
Housewares retailer Williams-Sonoma Inc. (WSM.N: Quote, Profile, Research) on Thursday cut its forecasts for fourth-quarter sales and earnings per share, and its shares fell 6 percent.
499202
Applied Materials Inc  on Tuesday posted a lower quarterly profit as revenue declined 8 percent amid a slump in the semiconductor equipment manufacturing industry.
765843
NEW YORK - A rash of job cuts - more than 10,000 layoffs just this week from a handful of companies - has created some gloom on the jobs front. But Friday's release of jobs data for September was expected to show a steady unemployment rate and creation between about 50,000 to 250,000 new jobs, though uncertainties such as the effects of last month's hurricanes kept the estimates all over the map, said Wachovia Corp...
9417
Wachovia Corp , the  fourth-largest U.S. bank, on Tuesday said quarterly profit fell  a larger-than-expected 98 percent, hurt by write-downs relating  to turmoil in mortgage and credit markets.
606691
Chevron Corp. , the No. 2 U.S. oil company, said on Friday its fourth-quarter profit fell 9 percent, pulled down by weaker natural gas prices that have pared record earnings across the industry.
108020
U.S. investment bank Morgan Stanley on  Wednesday said quarterly profit fell amid reduced trading  revenue, reflecting the impact of sluggish markets this summer.
313747
Slashed earnings estimate pulls down shares.
602111
CHARLOTTE, N.C.  -- National bank Wachovia Corp. said Tuesday its fourth-quarter earnings tumbled 98 percent due to a $1.7 billion reduction in the value of certain portfolios and $1.5 billion set aside to cover bad loans.
363701
NEW YORK  - The world&#39;s leading alumium producer, Alcoa, said Thursday quarterly net profit slipped as operations took a double-hit from a labour strike and Hurricane Ivan.
575906
Pentair Inc. PNR.N on Tuesday cut its   earnings outlook for the third and fourth quarters, sending its   shares down as much as 10 percent, as weakness in the housing   market took a toll on its swimming pool equipment business.
426605
Wachovia Corp , the fourth-largest U.S. bank, on Tuesday said quarterly profit fell a larger-than-expected 98 percent, hurt by write-downs relating to turmoil in mortgage and credit markets.
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.
277014
Workers filing initial claims for jobless benefits fell 10,000 last week, to a seasonally adjusted 328,000, slightly lower than Wall Street expectations.