Dow Chemical Profit Falls on Taxes
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The chemical makerâs net income fell 21.3 percent on changes in German tax laws, higher domestic tax rates and charges for research and development.
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Stocks ended lower on Friday on signs   the economy may be slowing more sharply than previously   thought, threatening corporate profits, including those of   large industrial companies.
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The soft drink maker said its fourth-quarter profit fell 31 percent from results a year ago that included a tax benefit from a settlement with the Internal Revenue Service.
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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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The Dow industrials and S&P 500 fell on Monday as a drop in oil prices weighed on shares of energy companies including Exxon Mobil Corp .
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Pharmaceutical wholesaler McKesson  Corp  reported on Thursday that its quarterly profit  fell 17 percent as results were hurt by lower profit margins on  certain generic drugs and charges taken.
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The company said third-quarter net income fell 5 percent on weakness in refining, but the decline was less than Wall Street had feared.
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GRAND RAPIDS, Mich.  â The nationâs largest chemical company, Dow Chemical, said on Tuesday that its fourth-quarter earnings fell 52 percent because of an overhaul effort and a $1.7 billion jump in spending on materials and energy.
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Dow Jones & Co.  on Wednesday cut its earnings forecast for the current quarter, citing weakness this month in key advertising categories at its flagship newspaper The Wall Street Journal, sending shares down 3 percent.
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Dow Chemical Co  on Tuesday reported a drop in quarterly profit that was not as steep as analysts had expected as growth overseas helped offset weak U.S. housing and auto markets and spiraling energy and raw material costs.
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U.S. stocks fell on Friday on concerns   that slowing economic growth would hurt corporate profits,   especially among large industrial corporations like Caterpillar   Inc.CAT.N
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Dow Chemical Co  said on Tuesday that fourth-quarter earnings fell 52 percent, hurt by weak U.S. housing and auto markets, spiraling energy and raw material costs, and one-time restructuring charges.
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British drinks giant Diageo reported a small fall in annual headline profits before tax, which were crimped by the strength of sterling.
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DuPont Co.'s  second-quarter  profit fell as price hikes for its products failed to offset  increases in energy costs, the No. 2 U.S. chemicals maker said  on Tuesday.
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Stocks fell on Monday, with the Dow  dipping briefly below 10,000, as oil prices climbed,  threatening to shrink corporate profits, and a brokerage  downgrade hurt semiconductor shares.
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Dow Jones & Co. on Wednesday cut its  earnings forecast for the current quarter, citing weakness this  month in key advertising categories at its flagship newspaper,  The Wall Street Journal.
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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.