Fred&#39;s profit down after June and July disappoint
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Discount retailer Fred&#39;s Inc. (FRED.O: Quote, Profile, Research) on Thursday said second-quarter profit fell, hit by increased markdowns, higher diesel fuel costs and other factors, sending its shares down almost 19 percent.
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BARCLAYS said yesterday it was on course for a profits haul of about Â£4.5 billion this year. But the shares were the biggest faller on the Footsie as the market was disappointed with a flat performance from
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NEW YORK Aug. 19, 2004  Offering more evidence that the nation&#39;s economic recovery is losing steam, a closely watched gauge of future business activity fell in July for the second consecutive month.
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Manufacturers saw their fledgling recovery stumble in July on sharp declines in the production of beer and medicines, figures showed today.
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Freddie Mac FRE.N, the  second-largest U.S. home financing company which has endured a  barrage of intense public scrutiny in over the past year, on  Friday revised its 2003 net income down by $75 million to cover  a reserve for legal expenses, according to its annual report.
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Retail banking earnings were lower but were offset by investment and private equity banking gains.
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New home sales in May fell more than expected while consumer confidence in June hit a 10-month low amid worries about jobs and the business climate, adding to signs of sluggish economic growth this year.
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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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By Malcolm Moore, Economics Correspondent (Filed: 08/09/2004). Output at Britain&#39;s factories slumped unexpectedly in July, with production falling for the second consecutive month - the first time in nearly two years.
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Falling gas prices reduced the overall measure of prices paid by consumers in July, according to a government report Tuesday, as inflation was far less than Wall Street&#39;s expectations for the month.
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Blog: Slowing growth in display advertising led to a nearly 2 percent drop in net profit for Yahoo in the second quarter.
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Britain&#39;s manufactured output fell in July from the previous month, with big falls in transport industries, official data showed Thursday.
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Investor's Business Daily - The Richmond Fed&#39;s service-sector revenues index fell to -4 in Aug. vs. 6 in July. The retail sales revenues index dived to -34 vs. 3 in July. But the manufacturing index for the Richmond Fed district ticked up to 7 this month from 4 in July.
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Although earnings met expectations, the restaurant's comps and Q4 outlook are lacking.
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Recent earnings from the donut dominion look stale and crumbly.
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U.S. investment bank Morgan Stanley on  Wednesday said quarterly profit fell amid reduced trading  revenue, reflecting the impact of sluggish markets this summer.
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However, the gold miner said earnings were down compared to September last year when a sum of R421 million was posted. - An operating profit of R456 million was achieved despite a lower rand gold price and a small planned reduction in gold produced.