Insurer says 2005 earnings to fall from 2004 levels
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Insurer Cigna on Wednesday posted a nearly two-thirds lift in third quarter earnings, but also said 2005 earnings should fall from 2004 levels.
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Rentokil Initial served up more gloom yesterday with a 12% fall in pre-tax profits to Â£293.9m for the first 10 months of this year and a warning that 2005 would be even worse.
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The restaurant chain meets Q1 earnings, but lowers guidance for fiscal 2005.
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Power company Progress Energy Inc. lowered its 2004 earnings outlook Friday because damage from Hurricanes Charley, Frances and Ivan limits the amount of tax credits the company can claim for its synthetic fuel production.
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Pfizer Inc. (PFE.N: Quote, Profile, Research) on Tuesday reaffirmed it expects 2004 earnings to be more than 20 percent above last year, but warned that results in 2005-2007 will be hurt
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Munich Re, the world&#39;s largest reinsurer, lowered its target for 2004 earnings after the worst storm season in more than a century led to 550 million euros ($714 million) of damage claims.
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Lehman Brothers Holdings Inc   said on Thursday that quarterly earnings fell, hurt by  declining fixed-income revenues.
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Business & money: UK life insurer attempts to streamline its business after seeing its profits virtually wiped out last year
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Zurich Financial Services AG, Switzerland s biggest insurer, had its first quarterly profit decline in two years amid costs from the worst U.S. hurricane season in more than a century.
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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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The company lowers its fourth-quarter and full-year earnings guidance.
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General Motors Corp. GM.N said on  Thursday that it expects earnings this year to fall, due in  part to weaker profits from its financial services arm.
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Merck & Co. Inc., reeling from the  recent withdrawal of its Vioxx arthritis drug, on Wednesday  said 2005 earnings will decline to levels below Wall Street  expectations, the third straight year of lower results.
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Lastminute.com Plc, an unprofitable UK travel company, expects profit before interest, taxes, depreciation and amortization to be at the lower end of its forecast in fiscal 2005 as the company struggles to cut costs.
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Giant life insurers MetLife Inc and Prudential Financial Inc  said on Wednesday that profits fell in the fourth quarter, hurt by investment losses and, in the former's case, comparison with a large investment gain a year ago.
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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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The New York Times Company said yesterday that its profit for the year would fall short of what it had initially forecast, a casualty of higher costs and of advertising revenue that has