Glaxo Sees Dip in Third-Quarter Profits
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British drugmaker GlaxoSmithKline PLC reported a 9 percent drop in third-quarter earnings Thursday, citing stiff competition from generic drug makers.
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Colgate-Palmolive Co. CL.N on  Wednesday said profit fell in the third quarter, as it warned  it would a month ago, because of increased marketing spending  and higher costs for raw materials.
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A slowing  economy may be a drag on corporate profits, some analysts say.
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GlaxoSmithKline Plc will pay a net $3.1   billion to settle an ongoing tax dispute with the U.S.   government, which was to go to trial next year, Europe's   biggest drugmaker said on Monday.
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The company said its third-quarter net income fell 29 percent as lower refining margins and gas prices were exacerbated by disruptions at some refineries.
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Texas Instruments Inc.  posted a lower quarterly profit on weak demand for its calculators and other products, and gave a disappointing revenue forecast for the third quarter, sending shares down 3 percent on Monday.
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Unilever, the consumer products giant, said today that profits had slipped during the third quarter - as had sales of its top 400 brands.
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British pharmaceuticals giant GlaxoSmithKline said Wednesday it would cut jobs and costs, after third-quarter profits slid on poor sales of diabetes pill Avandia and fierce competition from generic drugs.
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Schering-Plough Corp  reported on Monday that third-quarter profit and sales rose, but still fell short of estimates, sending shares down 13 percent amid concerns about its flagship cholesterol drugs.
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Office products retailer Office Depot Inc. on Wednesday reported a decline in third-quarter profit due to softening in its European business, disruptions associated with the hurricanes in the southeastern United States, and lower-than-expected back-to-school sales.
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Reuters Group Plc said on Thursday it  expects first-quarter revenue declines to ease quicker than  analysts had forecast as the news and information provider aims  to reverse a three-year slide.
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Pharmaceutical giant GlaxoSmithKline said Thursday that net profits fell in 2007 due to disappointing sales of the diabetes drug Avandia and increased competition from generic drugs makers.
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Shares in GlaxoSmithKline fall after it issues a profit warning on the back of falling demand for a key drug.
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Energy giant BP, reeling from fatal safety errors and a boardroom scandal, said Tuesday that third-quarter profits almost halved owing to lower output, US gas prices and refinery outages.
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3M Co  said on Tuesday  fourth-quarter earnings fell as last year's results included a  gain for selling a business.
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Merck &amp; Co. profits plunged in the third quarter in the wake of the recall of its Vioxx arthritis drug and Eli Lilly &amp; Co.
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Bristol-Myers Squibb Co. BMY.N on  Friday reported a lower third-quarter profit as revenue fell  amid intense competition for its products from rivals and  generic drugs.