Toll Brothers quarterly profit falls sharply
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Toll Brothers Inc.  on Thursday said the weak U.S. housing market drove down its quarterly profit 67 percent after write-downs for lower land values, and the luxury home builder lowered its forecast.
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McGraw-Hill Cos , the book and  magazine publisher and owner of Standard & Poor's, on Thursday  said fourth-quarter profit fell 31 percent, as disruptions in  global capital markets dampened demand for credit ratings.
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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.
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Government data showing an unexpected surge in new-home sales were little comfort to Toll Brothers.
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The investment firm posts a strong profit report, but shares slid.
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Luxury home builder Toll Brothers  said quarterly profit fell 79 percent, hurt by the U.S. housing slump, but its shares rose on Thursday along with its sector after government data showed a better-than-expected rise in new home sales.
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Toll Brothers Inc., the largest U.S. builder of luxury homes, on Thursday said its quarterly net earnings fell sharply, after a goodwill impairment charge and a writedown for the lower value of land and as the housing market continued to flounder.
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Financial services company State Street Corp.  on Tuesday said quarterly profit fell more than Wall Street had expected as foreign exchange and securities lending revenue declined, and its shares fell 8.5 percent.
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Bank of America Corp  said on Thursday that quarterly profit fell a much larger-than-expected 32 percent, hurt by mounting credit losses and poor trading results in its investment banking unit.
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Toll Brothers Inc. , the largest U.S. builder of luxury homes, on Thursday said its quarterly net earnings fell sharply, after a $96.9 million write-down for the lower value of land, as the housing market continued to flounder.
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The Marsh & McLennan Companies said its profit fell 62 percent in the fourth quarter as competition reduced the commissions the insurance broker charged.
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Comcast Corp , the largest U.S. cable TV operator, posted a 54 percent drop in quarterly net profit as fierce competition caused it to lose more basic video subscribers than expected, sending its shares down 10 percent on Thursday.
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Fourth-quarter profit fell 8 percent on declining advertising sales at the companyâs newspapers and television stations.
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BOSTON/NEW YORK  - Luxury home builder Toll Brothers Inc.  reported a 44 percent drop in quarterly profit on Tuesday but signaled that the worst may be over for the sagging U.S. housing market.
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Marsh &amp; McLennan  posted a bigger-than-expected drop in quarterly profit as it digested higher costs and hefty restructuring charges.
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The Clorox Company, the consumer products maker, posted a lower quarterly profit on Monday, hurt by rising costs for raw materials but helped by a lower tax rate.
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The bank said its fourth-quarter earnings fell sharply,  to $268 million from $5.26 billion a year earlier, hurt by mounting credit losses and weak investment banking results.