Kinross Restates 3rd-Qtr Profit to Loss on Writedown
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Kinross Gold Corp., Canada&#39;s third- largest producer of the metal, restated third-quarter earnings to a loss after changing the way it accounts for goodwill.
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The electronics retailer said it swung to a third-quarter profit, overcoming lower revenue by cutting costs and selling more high-margin items.
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Barclays Plc , Britain's third-biggest bank, raised its 2007 write-down on the value of risky assets to 1.6 billion pounds ($3.1 billion) but reported profits broadly in line with analysts' expectations.
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(Reuters Estimates corrects analystsâ average profit estimate to 31 cents from 33 cents, in third paragraph)
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Reported profit of $44 million for third quarter over a loss of $31 million a year ago and predicts 10% increase in sales for the 4th quarter.
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MCI Inc.&#39;s (MCIP.O: Quote, Profile, Research) quarterly loss ballooned to $3.4 billion as the No. 2 US long-distance company wrote down the value of its assets due to
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For its third quarter ended Sept. 30, the New York satellite radio broadcaster lost $169 million, or 14 cents a share. That compares with a year-ago loss of $107 million, or 11 cents a share.
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Qwest Communications International Inc. reported a third quarter loss on Thursday, partly due to lower revenues and to a charge related to litigation reserves.
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3M Co  said on Tuesday  fourth-quarter earnings fell as last year's results included a  gain for selling a business.
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Bond insurer Ambac Financial Group Inc on Tuesday reported a quarterly loss of $3.3 billion after recording massive credit derivative write-downs and setting aside more money for credit losses.
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Raytheon Co. reported a third-quarter  net profit on Thursday after a loss in the year-ago quarter.
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Barclays Plc , Britain's  third-biggest bank, raised its 2007 write-down on the value of  risky assets to 1.6 billion pounds ($3.1 billion) but reported  profits broadly in line with analysts' expectations.
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MCI has reported a $3.4bn (Â£1.8bn) third-quarter loss due mainly to a write-off of the value of its assets. The company&#39;s efforts to recover from its bankruptcy are being hampered by stiff competition in
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Goodyear Tire & Rubber Co. GT.N on  Friday said it would report a third-quarter profit, reversing a  year-earlier loss, on higher prices for its products and  stronger sales.
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3M Co  said on Tuesday fourth-quarter earnings fell as last year's results included a gain for selling a business.
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Raytheon reported slightly lower third-quarter profit yesterday, hurt by losses from a unit it is selling, and forecast next yearâs profit would fall below Wall Streetâs average estimate.
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The investment bank reported 3rd-quarter profit fell 3% to $887 million, on fallout from the subprime-mortgage crisis.