Northeast Utilities Cuts Outlook
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Northeast Utilities Co., New England's  largest power distributor, cut its 2004 profit outlook on  Thursday and said it would restate second and third-quarter  results to reflect a related accounting change.
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THQ hoses down its near-term prospects.
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Europe's top consumer electronics  group Philips cut the forecast for its closely-watched  semiconductor unit on Friday, pointing to the predicted  slowdown of the sector's recovery.
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A fire service authority is expected to announce cuts due to the reduction of local authority funding.
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Tool maker Black & Decker Corp   slashed its fourth-quarter profit outlook on Friday, citing  worse-than-expected conditions in North America and a one-time  charge, and its shares fell as much as 10 percent.
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The blizzard that blanketed the U.S.  Northeast this weekend snarled travel and shut down businesses  along the Atlantic, but many companies, particularly retailers,  were expected to make a swift recovery.
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Saying that weakness in the housing  market was taking a toll on its swimming pool equipment  business, diversified manufacturer Pentair Inc.  on  Tuesday cut its earnings outlook for the third quarter and full  year, and said it was taking steps to cut costs.
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Home improvement retailer Home Depot cut its 2007 earnings outlook on Tuesday, citing weakness in the U.S. housing market and said it was launching a tender offer for 250 million shares.
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Top forecasters predict normal to colder-than-normal weather for the U.S. Northeast this winter, but high fuel stockpiles may buffer consumers in the world's biggest heating oil region from price spikes.
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AT&T Corp. T.N will cut about  7,000 jobs and reduce the value of its assets by $11.4 billion  due to its retreat from traditional consumer telephone  services, the company said on Thursday.
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Appliance maker Whirlpool Corp. (WHR.N: Quote, Profile, Research) on Wednesday reported a 4 percent drop in third-quarter earnings and cut its profit forecast for the year, citing rising costs for steel and oil.
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Flooding could become more severe in the Northeast if nothing is done to reduce greenhouse gas emissions, a report warned.
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By Gareth McGrath, Star-News, Wilmington, N.C.  Feb. 25--Curtailing new connections into the Northeast Interceptor might  not be enough to stop wastewater flows from increasing through the troubled  sewer line.
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Black & Decker slashed its fourth-quarter profit outlook on Friday, citing worse-than-expected conditions in North America and a one-time charge.
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Crude oil futures begin to factor in colder weather in the US Northeast and OPEC decision to cut production to keep the prices high.
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US economists have trimmed their forecasts for hiring and economic growth in view of steep energy prices and other factors, a Wall Street Journal survey showed.
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Electrolux AB, the world's biggest maker of home appliances, reduced its profit forecast for the rest of the year on Thursday, citing rising steel prices.