Harley profit tumbles on weak U.S. sales
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Harley-Davidson Inc  said on Friday that its quarterly earnings fell 26 percent as sales of its iconic motorcycles tumbled in the United States, its biggest and most important market.
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Oil fell more than a dollar on Tuesday, as profit-taking pulled the market down from record highs that were fuelled by a Mexican supply shut-down and a weak dollar.
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U.S. motorcycle maker Harley-Davidson Inc.  said on Thursday that quarterly earnings rose 19 percent as a strong performance in foreign markets offset a greater-than-expected decline in U.S. sales during a key quarter.
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Oil dipped below $60 a barrel on Wednesday, as dealers took some profits from gains following an extended disruption to Alaskan crude exports and on expectations of a decline in fuel stocks in the United States.
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Oil fell to $90 a barrel on Monday, as weaker global stock markets spurred profit taking, although expectations that OPEC will resist pressure to raise output this week limited deeper losses.
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Oil prices fell nearly 1 percent to below $93 a barrel on Tuesday, fading from their latest record high as investors took profits from a rally driven by a Mexican supply outage and the spiralling dollar.
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Harley-Davidson Inc.&#39;s third-quarter profit surged 20 percent, revved up by higher gross margin and brisk sales of its brand-name motorcycles and accessories.
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Honda Motor Co. (7267.T) posted a  smaller-than-expected rise in quarterly profit, helped by brisk  sales in Europe and a weak yen that offset a dip in U.S. sales  -- where Honda could not keep up with demand -- and nudged its  full-year forecast higher.
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Harley-Davidson Inc. HDI.N. on  Thursday said its quarterly earnings rose 14.5 percent, as  rising motorcycle sales in the United States offset a decline  in Europe.
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The Dutch brewer Heineken NV reported its profit fell 27 percent due in part to the weaker dollar despite a rise in sales in the first half of the year.
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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.
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Weak chain-store sales, stumbling job growth and more record oil prices were too much for Wall Street&#39;s bulls to bear last week.
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Chevron Corp. , the No. 2 U.S.  oil company, said on Friday its fourth-quarter profit fell,  pulled down by weaker natural gas prices and refining margins.
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Lowe's Cos.  reported lower quarterly profit on Friday as the battered U.S. housing market hurt sales.
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Tool maker Black & Decker Corp   said on Thursday quarterly profit fell due to the weak U.S.  housing market and higher commodity prices, but weakness in the  dollar boosted overseas sales.
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The countryâs largest newspaper publisher said Friday that its fourth-quarter profit dropped because of a decline in broadcasting revenue and weak newspaper ad sales.
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TOKYO -- Honda Motor Co., Japan&#39;s third-largest automaker, said Wednesday its profit fell 7.5 percent in its second fiscal quarter, adding that the strong yen hurt earnings even though revenue rose.