Soft Margins Cut Bombardier Profit
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Second-quarter profit fell by two-thirds at plane and train maker Bombardier Inc. (BBDb.TO: Quote, Profile, Research) as its regional aircraft business lagged a rebound
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Bombardier, the troubled Canadian maker of aircraft and trains, saw its shares fall by around 20 per cent in Toronto, after it announced that Paul Tellier was stepping down early as president and chief executive officer.
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Apparel retailer Talbots Inc.   said on Wednesday that quarterly net profit fell, hurt by heavy  markdowns and declining sales at its flagship Talbots chain.
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Diversified manufacturer Tyco  International Ltd. TYC.N on Tuesday said quarterly net profit  slipped on charges to pare debt and sell assets, and its shares  fell 4 percent on lower-than-expected sales and rising  inventory.
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Costco Wholesale Corp. COST.O on   Wednesday warned of lower-than-expected quarterly profit   because of disappointing gross margins and a tax reserve,   sending its shares down 5 percent in premarket trading.
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Canada's Bombardier Inc, the world's third-largest maker of civil aircraft, does not expect a large impact on earnings from problems with its Q400 turboprop that have affected airlines globally, a company official said on Friday.
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By ALLEN, Sue  Renaissance Corporation has posted a record annual profit, but says a squeeze on earnings margins might cause a lower result this financial year.
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Higher shipments of business jets  helped buoy quarterly profit at plane and train maker  Bombardier Inc. (BBDb.TO), but regional jet deliveries sagged  sharply, the company said on Wednesday.
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Caterpillar Inc, the world's top maker  of earth-moving equipment, diesel engines and gas turbines,  posted disappointing quarterly earnings on Friday and cut its  full-year profit forecast, sending its shares down nearly 4  percent.
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Costco Wholesale Corp. COST.O on   Wednesday warned of lower-than-expected quarterly profit   because of disappointing margins, as customers cut back on   purchases of big-ticket discretionary items such as furniture,   sending shares down nearly 5 percent.
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JetBlue Airways Corp. , a low-fare carrier flying mainly on the East Coast, said third-quarter profit will be lower than it expected because of hurricanes that forced flight cancellations in Florida and high fuel costs.
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MUNICH, Germany  - An industrial crisis blamed for sweeping job cuts at Europe's Airbus slashed profits at parent EADS by 86 percent in 2006, sending its shares lower on Friday as it ruled out a quick recovery this year.
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Moody&#39;s Investors Service said on Thursday it cut Bombardier Inc. (BBDb.TO: Quote, Profile, Research) and its unit&#39;s senior unsecured debt ratings, with a negative outlook.
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The Clorox Company, the consumer products maker, posted a lower quarterly profit on Monday, hurt by rising costs for raw materials but helped by a lower tax rate.
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Altria Group Inc.  on Wednesday said quarterly profit fell 6.9 percent, weighed down by one-time charges at its Kraft Foods business and increased exposure to airline industry losses at its financial services unit.
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Bombardier Aerospace said on Thursday it will cut about 2,000 jobs at its Montreal-area and Belfast operations and the severance costs linked to the layoffs will affect current year results.
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Bradford & Bingley reports a sharp fall in profits after writing down the value of its sub-prime assets.