Loews profit falls 12.5 pct after CNA settlement
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Loews Corp  said on Monday third-quarter profit fell 12.5 percent, as the cost of a legal settlement at its CNA Financial Corp  unit offset improved results in tobacco and drilling operations.
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SYDNEY : National Australia Bank Ltd reported a near 20 percent drop in its net profit for the year to September in the aftermath of a foreign exchange trading scandal that rocked Australia&#39;s biggest lender early this year.
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Conglomerate Loews Corp  said on Friday it expects to record a loss of about $98 million related to an arbitration settlement by its insurance business, CNA Financial .
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Lennar Corp. , the  third-largest U.S. home builder, on Tuesday said quarterly  profit fell 39 percent, citing a steeper and  faster-than-expected decline in the U.S. housing market.
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Wine and spirits company Constellation Brands Inc.  said on Thursday that quarterly profit fell sharply, hurt by a plan to cut the amount of wine it ships to U.S. distributors and lower results from its British business.
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LCC International Inc., which offers wireless voice and data technical consulting, on Monday saw shares plummet as much as 12 percent in after-hours trade after the company swung to a third-quarter profit but predicted lower revenues are ahead.
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Burlington Northern Santa Fe BNI.N,  the No. 2 U.S. rail group, on Tuesday reported a sharp drop in  net profit after taking a charge related to a change in the way  it estimates asbestos and environmental liabilities, but posted  record quarterly revenue.
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Lennar Corp. LEN.N, the   third-largest U.S. home builder, on Tuesday said quarterly   profit fell 39 percent, citing a steeper than expected decline   in the U.S. housing market.
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The jeweler said 2nd-quarter net income fell to $37 million, hurt by a charge related to selling its Little Switzerland retail business, but sales beat expectations.
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Altria Group Inc.  posted lower quarterly profit on Wednesday, due in part to costs for closing a U.S. cigarette plant as it moves some production to Europe in a move to cut costs and reduce excess capacity.
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The newspaper publisher and television station operator said third-quarter profit fell to $2.5 million as ad revenue slumped.
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Loews Corp  said on Monday third-quarter profit fell 12.5 percent as investment losses and a legal settlement at its commercial insurance unit offset better results in tobacco, drilling and oil pipelines.
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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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Bank of America Corp  said on Thursday that quarterly profit fell a much larger-than-expected 32 percent, hurt by mounting credit losses and poor trading results in its investment banking unit.
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Toll Brothers Inc.  on Thursday said the weak U.S. housing market drove down its quarterly profit by 67 percent after write-downs for lower land values, and the luxury home builder lowered its forecast.
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The aluminum maker said second-quarter profit slipped nearly 4 percent as outage costs at two smelters weighed down results.
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Freddie Mac yesterday reported that its second-quarter profit fell by nearly half, in part because it set aside more money to cover expected losses from defaults on mortgages.