Norsk Hydro 4Q earnings plunge 68 pct.
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Oil and aluminum group Norsk Hydro ASA said Monday fourth-quarter profit fell 68 percent as the company reported earnings a day earlier than scheduled after financial information was leaked.
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Citing strong economic conditions, the manufacturer posted fourth-quarter earnings of $689 million, up from $585 million a year earlier.
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Nippon Telegraph and Telephone Corp., Japan's top telecommunications company, reported a 21.8 percent drop in profit for the April-December period Monday due to declines in voice and fixed-line operations.
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The power company said fourth-quarter profit fell to $271 million, hurt by discontinued operations and higher plant maintenance costs.
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Anglo-Dutch steelmaker Corus has said that group net profits plunged more than 62 percent during the first-half of the year owing to higher raw material and energy costs, as well as lower selling prices.
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Diageo, the world's biggest maker of alcoholic drinks, has said that net profit fell 23 percent to 895 million pounds (1.339 billion euros, 1.760 billion dollars) in the first six months of its financial year.
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By Mike Rogoway, The Oregonian, Portland, Ore.  Dec. 16--Shares of Tektronix Inc. fell more than 9 percent Friday after  the company reported quarterly financial results below analysts' expectations.
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Diversified manufacturer Tyco  International Ltd. TYC.N 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 revenues and rising  inventory.
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Swedish white goods and electrical appliance manufacturer Electrolux, hit by restructuring charges, announced an expected plunge in fourth-quarter and full-year 2004 results but beat analyst expectations.
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NEW YORK - Investors sent stocks lower Tuesday as oil prices crossed another milestone, $54 per barrel. Mixed earnings reports from heavyweights Johnson & Johnson and Merrill Lynch & Co...
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Norwegian industrial group Norsk Hydro   acknowledged on Wednesday it had lost out to U.S.  rival Alcoa  to build a large aluminum smelter and  related hydropower capacity in Greenland.
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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.
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Fourth-quarter earnings dropped 30 percent to $128.9 million on restructuring and other charges, but the results still beat analystsâ estimates.
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Shares in Europe's largest shipbuilder, Aker Yards ASA, plunged more than 10 percent Wednesday on key owner Aker ASA's announcement that it was selling its entire 40.1 percent stake.Comment
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Home builder Toll Brothers Inc. today reported a 44 percent drop in quarterly profit but predicted the slumping U.S. housing market may have hit bottom, particularly in the Washington region.
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Torstar Corp., which publishes Canada&#39;s biggest daily newspaper, said third-quarter profit fell 62 percent because of declining sales at its book-publishing unit and costs for employee buyouts at the Toronto Star.
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Business & money: Share price plunges after disappointing profits raising fears over America's economic slowdown