AmerisourceBergen Lowers 2005 Outlook
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Pharmaceutical distribution services provider AmerisourceBergen Corp. said on Wednesday lowered guidance for 2005 earnings from continuing operations, citing lower-than-expected drug price increases and fewer product deals from manufacturers.
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Business & money: Drop means annual rate of price inflation is at lowest point since December 2005
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Drug-distributor AmerisourceBergen Corp., following in a rival&#39;s footsteps, warned that lower-than-expected increases in drug prices will hit earnings for the quarter and fiscal year ended Sept.
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FORT WORTH, Sept. 24  â Shares of the AMR Corporation, parent of American Airlines, dropped 14.3 percent Monday after the company gave a tepid third-quarter outlook and several analysts cut their profit estimates.
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The specialty pharmacy company announced on Monday that falling reimbursements will significantly weaken its 2005 earnings. The warning comes just weeks after investors learned that Accredo could soon lose
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A weak U.S. dollar is expected to affect profitability.
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Merck &amp; Co. Inc.(MRK.N: Quote, Profile, Research) , reeling from the recent withdrawal of its Vioxx arthritis drug, on Wednesday reaffirmed its 2004 earnings outlook but said earnings in 2005 will be lower than analysts had expected.
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Analysts lower revenue projections for contract chip makers to 5.1 percent.
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The retailer cuts its full-year outlook upon experiencing lower-than-anticipated Q1 sales.
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In its fall outlook, the global lender cuts estimates for US GDP growth for both 2004 and 2005. WASHINGTON  - US economic growth should pick up in the second half of 2004 but costlier oil and weak
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The Federal Reserve Bank of Philadelphia&#39;s index of regional manufacturing fell to 13.4 this month from 28.5 in August. The reading is lower than the median forecast of 25 in a Bloomberg News survey of 56 economists.
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Analysts were last night downgrading forecasts for ANZ after a disappointing outlook took the shine off the bank&#39;s record $2.82 billion annual profit.
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The restaurant chain meets Q1 earnings, but lowers guidance for fiscal 2005.
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U.S. stock futures pointed to a lower start on Wall Street on Wednesday after a government report showed consumer prices, excluding food and energy, rose more than expected in January, diminishing the prospect for an interest-rate cut any time soon.
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Sputtering U.S. economy forces shipper to cut forecast.
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Ameriquest Mortgage Co, the largest  U.S. subprime lender as recently as 2005, is closing, the  latest home loan provider to shut down amid the nation&#39;s  housing market slump.
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US economic growth will slow to 3.3 per cent in 2005, more than a full percentage point below this year, with the effect of high energy prices dragging on the economy for the next few quarters, the OECD said on Tuesday.