Schwab Profit Off, Reflecting Sale of Unit
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The Charles Schwab Corporation, the retail brokerage firm, said Wednesday that fourth-quarter profit fell 34 percent from the period a year ago, which included a tax gain and earnings from its U.S. Trust wealth management unit, which has since been sold.
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Despite lower quarterly profits, financial services company's prospects look good.
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The drug maker said its fourth-quarter profit fell 70 percent from a year-ago period that included the sale of its consumer health business, but adjusted profit topped Wall Street expectations.
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Morgan Stanley  on Wednesday said third-quarter profit fell as the summertime freeze in mortgage and corporate loan markets forced the bank to mark loans down by $940 million, but shares held their own on optimism that financial markets may be starting to revive.
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Annual results show a drop in profits despite better efficiency.
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Quarterly profit fell a much larger-than-expected 32 percent, hurt by mounting credit losses and poor trading results in the bankâs investment banking unit.
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SAN FRANCISCO Brokerage firm Charles Schwab continues to be stuck in a financial slump, reporting a loss this morning of 41 (m) million dollars, or three cents a share for its third quarter.
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NEW YORK, September 14 (New Ratings) - Charles Schwab Corporation (SCH.NYS) has agreed to pay a fine of $350,000 to settle the enforcement proceedings by federal regulators in connection with the alleged illegal processing of some mutual fund trade
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The chemical maker reported a quarterly profit that was lower than expected, in part due to weak demand from the housing and auto markets.
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The commercial insurer said profit declined on lower premiums and investment income, but the results still beat Wall Street expectations.
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Profits were buoyed by investment banking fees, but the bank said it had set aside more money for possible losses in itâs loan business, though said this wasnât due to subprime lending difficulties.
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NEW YORK Profit-taking after Wall Street&#39;s nine-session rally left stocks narrowly mixed on Monday even as oil prices continued their downward trend.
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Raytheon reported slightly lower third-quarter profit yesterday, hurt by losses from a unit it is selling, and forecast next yearâs profit would fall below Wall Streetâs average estimate.
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U.S. investment bank Morgan Stanley  MWD.N on Wednesday said quarterly profit dropped 34 percent  amid reduced trading revenue, falling well short of Wall  Street's already-lowered expectations after a summer of  sluggish market activity.
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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 housing and auto markets and spiraling energy and raw material costs.
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Discount brokerage Charles Schwab  Corp.  said on Monday its earnings could hit $1 billion  this year, or almost $100 million ahead of its plan.
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The world's largest chipmaker posted a whopping profit but investors concerns centered around lower-than-expected sales.