Baxter Profit Falls on Slow Sales Growth
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Baxter International Inc.<BAX.N, the  medical products maker, on Thursday said its third-quarter  profit fell from a year ago amid anemic sales growth in its two  biggest businesses.
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Global microchip sales will grow  by only 1.8 percent this year, much slower than an earlier  projection of a 10 percent increase, as prices in key markets  tumble, an industry group said on Wednesday.
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Retailer Sears Holdings Corp.  posted a 20 percent rise in quarterly profit on Thursday, helped by a legal settlement and other special gains, but sales declined at both its Sears and Kmart units, sending its shares down more than 2 percent.
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Worries about the credit crunch led to slower growth in UK manufacturing last month, industry figures show.
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Palm, the maker of Treo smart phones, said profit slipped on stock option expenses and slow sales growth amid tougher competition.
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NEW YORK -- Lehman Brothers Holdings Inc., the No. 4 investment bank, on Tuesday said third-quarter profits fell less than expected, as strength in stock trading and investment banking offset losses from the struggling mortgage market.
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The company said profit from continuing operations fell to $614 million as weak demand for calculators outweighed improving sales of advanced phones that use its chips.
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Third-quarter profit fell 1 percent, as stronger sales of almost all of the companyâs key drugs could not offset higher production costs and taxes and a restructuring charge.
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Marriott International's fourth-quarter profit fell 7 percent because of a steep drop in revenue from its synthetic-fuel operation, but the company still beat Wall Street's expectations because of strong performance in its core lodging business.
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Family Dollar Stores Inc  said on Tuesday quarterly profit fell as sales at older stores declined and customers cut their discretionary spending.
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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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Boston Scientific Corp. said last night that sales of its two key products, stents and implantable defibrillators, were slowing down and were likely to drag its third-quarter profit well below Wall Street expectations.
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Diversified manufacturer Tyco International Ltd.  on Tuesday said quarterly net profit slipped on charges to pare debt and sell assets, and its shares fell 4 percent on lower-than-expected sales and rising inventory.
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Diversified manufacturer 3M Co.  posted a weaker-than-expected quarterly profit on Tuesday and said global economic growth was slowing, sending its shares down 4.7 percent and weighing heavily on blue chip stocks overall.
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Aeon Co., Japan's second-biggest retail group, on Tuesday said quarterly operating profit fell 16 percent due to poor sales at its U.S. apparel unit Talbots Inc. and some goodwill charges.
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The auto parts retailer turns to profitability but sees key sales effort fall below last year.
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The same-store sales decline slows in November and December, and net income increases.