Glaxo shares sink on profit fears
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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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Shares in Tyson Foods Inc. fell more than 8 percent Monday after the company lowered its earnings forecast for the fiscal year, saying attempts to hedge grain prices backfired as demand for beef weakened.
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Shares in pharmaceutical giants AstraZeneca PLC and GlaxoSmithKline PLC tumbled Friday after a US safety official raised concerns over key drugs sold by the companies.
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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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Food company's stock drops on weak 2008 guidance.
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British pharmaceutical giant GlaxoSmithKline said Wednesday it would cut jobs and costs as it blamed a fall in third-quarter profits on sliding sales of controversial diabetes drug Avandia.
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Shares in telecoms group Thus drop nearly 25%  as worries about stiff competition force the company to issue a profit warning.
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Higher raw material costs and lower ice cream sales in Europe ate into Nestle's (NESN.VX) first-half results, sending shares in the world's largest food group down over five percent on Wednesday amid concerns about its long-term profitability.
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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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European shares eased from fresh 2-1/2  year highs on Friday after drugmaker AstraZeneca said clinical  studies found its Iressa lung cancer drug did not help patients  survive, sending its shares sliding.
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U.S. stocks fell on Wednesday after a  profit warning from Coca-Cola Co. KO.N stoked fears about  corporate profits and a downgrade of the technology sector by  investment bank Goldman Sachs weighed on markets.
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GlaxoSmithKline shares fall sharply after US research links its diabetes drug Avandia to a higher risk of heart attacks.
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Shares in car rental group Avis Europe drop 12% after it reports a slide in profits and warns that earnings will remain under pressure.
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European stock markets fell on Wednesday on profit-taking after bumper gains made the previous day, and as investors tracked a fresh batch of earnings news, dealers said.
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Schering-Plough Corp  on Monday  reported third-quarter profit and sales that fell short of Wall  Street's target, sending shares down more than 10 percent amid  concerns about its flagship cholesterol drugs.
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Diageo, the world's biggest maker of alcoholic drinks, has said that net profit fell 23 percent to 895 million pounds (1.339 billion euros, 1.760 billion dollars) in the first six months of its financial year.
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GlaxoSmithKline Plc , Europe's  biggest drugmaker, nudged up its 2006 earnings forecast on  Wednesday, but said there were several reasons to be "a little  conservative" about the second half, knocking its shares.