UK: M&amp;S reports lower profit, reshuffles management
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UK food and clothing retailer Marks &amp; Spencer has reported lower profits for the first half, and announced management changes as it tries to turn around its business.
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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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British retailer Marks &amp; Spencer announced a shake-out of top management on Tuesday as it revealed that trading conditions had worsened, but did not issue a profit warning as investors had feared.
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Marsh &amp; McLennan  posted a bigger-than-expected drop in quarterly profit as it digested higher costs and hefty restructuring charges.
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U.S. investment bank Morgan Stanley on  Wednesday said quarterly profit fell amid reduced trading  revenue, reflecting the impact of sluggish markets this summer.
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London equities ticked lower on Monday, with retailers suffering after reports suggested that J Sainsbury missed internal sales targets during the peak Christmas trading season and Marks and Spencer also struggled during the key sales period.
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Marks &amp; Spencer yesterday revealed a further deterioration in trade - with dire new sales figures for its fashion, food and homewares - as it launched a Â£2.
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Marks &amp; Spencer has announced a shake-out of top management after revealing that trading conditions have worsened, but it has not issued a profit warning as investors had feared.
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Conglomerate Tyco International Ltd.  , which is in the process of splitting into three  companies, on Thursday reported lower quarterly profit, citing  high raw material prices and weaker results in its health care  division.
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European shares slid on Wednesday, with London hit by a gloomy update from retail darling Marks & Spencer, and after heavy overnight US losses sparked by fresh housing strains.
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Kraft Foods Inc. KFT.N on Tuesday  posted lower quarterly profit, weighed down by restructuring  charges.
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UK blue chips closed lower as Wall Street remained weaker after disappointing inflation data with Alliance & Leicester down after reporting a fall in core operating profit, held back by large scale write-downs.
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Business & money: Index of leading UK shares falls to lowest level since credit crunch began last August
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US investment bank Morgan Stanley (MWD.N: Quote, Profile, Research) on Wednesday said quarterly profit dropped by a third on sharply lower bond trading revenue
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London equities fell on Wednesday after Marks & Spencer reported its worst quarterly sales performance for two and a half years.
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U.S. investment bank Morgan Stanley  on Wednesday said quarterly profit dropped 34 percent amid reduced trading revenue, falling well short of Wall Street's already-lowered expectations and pushing the company's shares down more than 8 percent.
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M&T Bank Corp , the first large U.S. bank to report fourth-quarter results, said on Monday that profit fell, hurt by turmoil in residential real estate markets.