UPDATE:James Hardie 1H Net Disappoints; Cuts FY Forecast
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SYDNEY (Dow Jones)--Australian building products manufacturer James Hardie Industries NV (JHX) surprised investors Monday by reporting a 9.5% drop in net profit for
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Tokyo's Nikkei fell nearly 1 percent to a  one-month low by Thursday afternoon as stocks like NEC Corp.  dropped after disappointing earnings from U.S. companies fanned  concern over profit trends and sent Wall Street lower.
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The nationâs number 2 buyer and backer of home mortgages saw a 45 percent drop in second-quarter profits after setting aside $300 million to account for bad loans.
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Sputtering U.S. economy forces shipper to cut forecast.
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Department store operator Bon-Ton  Stores Inc.  on Wednesday reported a wider quarterly  loss, hurt by an income tax charge, but reaffirmed its fiscal  year earnings forecast.
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Halifax says price of average home fell 1.1 per cent last month. Bank not expected to act until next year. By Philip Thornton, Economics Correspondent.
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Electronic Data Systems Corp. EDS.N  on Monday posted a higher-than-expected profit thanks to cost  cutting, but it forecast 2005 earnings would fall short of  analysts' estimates as it hopes to bring back growth by  investing $1 billion in key areas this year.
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The chief executive and chief financial officer of embattled building products company James Hardie Industries have stood aside in the wake of the findings of a special inquiry into the company&#39;s asbestos liabilities.
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James Hardie Industries NV, Australia&#39;s fourth-biggest building materials maker, agreed to cover an estimated A$1.5 billion ($1.1 billion) shortfall in compensation for sufferers of asbestos diseases.
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Australian building products group James Hardie has agreed to pay $1.1bn (Â£568m) to victims of asbestos-related diseases. The landmark deal could see thousands of people suffering from lung diseases - caused
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Nissan Motor Co.  reported a worse-than-expected 23 percent slide in quarterly net profit blaming a sluggish recovery in U.S. sales, and slashed its full-year forecasts to call for the first earnings drop under turnaround king Carlos Ghosn.
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Net income at the bank fell to $1.69 billion in the third quarter, hurt by write-downs related to difficult credit market conditions.
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The pound was also lower against both the dollar and the euro after a string of weak economic data in the morning.
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Credit Suisse says first-quarter profit will be $1bn less than forecast after a write-down.
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Business & money: Official data reveals a worse-than-expected fall in retail sales last month
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Tokyo's Nikkei fell nearly 1 percent to a one-month low by Thursday afternoon as stocks like NEC Corp. dropped after disappointing earnings from U.S. companies fanned concern over profit trends and sent Wall Street lower.
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A new read on foreclosure filings showed a double-digit drop for November, but don't expect the slowdown to last.