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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MUNICH, Germany  - Losses at planemaker Airbus slashed 2006 operating profits at Franco-German parent EADS  by 86 percent to 399 million euros ($526 million), but the fall was cushioned by defense profits, the group said on Friday.
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Second-quarter profit fell by two-thirds at plane and train maker Bombardier Inc. (BBDb.TO) as its regional aircraft business lagged a rebound in the business jet market, 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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TORONTO - Bombardier shares came under pressure on Monday after the Chinese government grounded all Canadair Regional Jet 200 aircraft following a weekend crash that killed 54 people.
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Independent oil and gas producer Devon Energy Corp.  on Friday trimmed its production forecasts through 2009 as Canadian gas output continued to suffer because of weak margins.
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Levi Strauss &amp; Co. swung to a quarterly profit on Tuesday, citing cost cuts and a weaker dollar as the struggling jeans maker closed out poor-performing products to
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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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Losses at planemaker Airbus  slashed operating profit at Franco-German parent EADS   by 86 percent to 399 million euros ($525 million) in 2006, but  the fall was cushioned by profits in defense, the group said.
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Mounting losses at U.S. arm Chrysler   forced DaimlerChrysler DCXGn.DE to cut its 2006 operating   profit forecast by around 1 billion euros ($1.27 billion) on   Friday, sending its shares skidding lower.
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MONTREAL (CP) - Bombardier Inc. will get a $209-million-US reduction in the price it paid DaimlerChrysler AG in 2001 for the German company&#39;s rail equipment division.
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Planes, trains and no CEO: Bombardier fired its chief executive officer on Monday and its Toronto-traded stock dropped to a record low.
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TORONTO - Bombardier Inc. , the world's third-biggest aircraft maker, urged airlines to ground 60 of its Q400 turboprops after a second landing gear failure in a week.
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Canada&#39;s Bombardier family has taken back management control of the troubled transport equipment maker that bears its name following the sudden departure of Paul Tellier, chief executive.
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Magna International, the Canadian auto parts maker, said that fourth-quarter profit fell 65 percent because of lower profit margins and one-time charges. It cut its quarterly dividend to increase cash on hand. Net income was $29 million, or 26 cents a share, down from $83 million, or 75 cents a share, a year earlier, Magna said. Sales rose 8.7 percent, to $6.4 billion. The company, cut its quarterly divided in half, to 19 cents a share, adding $84 million in cash to the $1.9 billion the company had on hand at the end of 2006. Excluding one-time items, Magna earned 99 cents a share, missing the $1.16 a share that was expected by Wall Street analysts.
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Paul Tellier stepped down as president  and chief executive of Bombardier Inc. BBDsvb.TO BBDb.TO,  sending the train and plane maker's shares down as much as 26  percent to a 10-year low on Monday.
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Bombardier Inc., the world&#39;s third- biggest maker of commercial aircraft, won an $821.2 million order for 30 aircraft from Air Canada, a smaller agreement than what was initially planned.