Northwestern earnings fall after suit settlement
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Northwestern Corp. , which is set to be acquired by Australia's Babcock & Brown Infrastructure Group , said 2006 earnings fell after the settlement of a lawsuit.
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Legal and research expenses drag its bottom line down.
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National Australia Bank&#39;s second-half net profit halved following a foreign exchange scandal, rising costs and tough competition, but the bank said its earnings decline would bottom in the first half of 2005.
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Third-quarter earnings tumbled 89 percent from a year ago due to charges from lawsuit settlements and acquisition costs, but the adjusted profit still beat Wall Street expectations.
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The Loews Corporation said yesterday that its 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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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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HARTFORD, Conn. -- An investment firm that was found in breach of contract in a lawsuit involving the state&#39;s pension fund has settled for $15 million, the two sides announced Monday.
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Jury awards and doctors' payments to settle malpractice lawsuits in Massachusetts have declined 8 percent from their peak in 2001, according to a new state report, potentially easing the insurance crisis that has prompted some physicians to drop out of high-risk specialties such as obstetrics and neurology.
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Eli Lilly and Co.  said on Wednesday its fourth-quarter earnings fell sharply, hurt by a $495 million charge to cover a settlement with former users of its Zyprexa schizophrenia drug.
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Computer chip maker Infineon Technologies AG posted a 10 percent drop in net profit for the fourth quarter after taking large charges to cover potential civil claims from US and European antitrust actions, the company said Tuesday.
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The company said its third-quarter net income fell 29 percent as lower refining margins and gas prices were exacerbated by disruptions at some refineries.
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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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Kforce narrows earning guidance and bounces back from some bad times.
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Eli Lilly and Co.  said on Wednesday fourth-quarter earnings fell, hurt by a charge for a settlement with users of its Zyprexa schizophrenia drug, and the company forecast 2007 earnings at the low end of Wall Street estimates.
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Quiksilver Inc.  on Thursday  posted a drop in quarterly net income of about 78 percent due  to costs for stock-based compensation and soft demand for its  Rossignol ski brand during the summer months.
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The company's weak earnings are partially forgiven after a big court win.
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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.