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 profit to a net loss of $133.6 million after changing the way the company accounts for goodwill at a Brazilian mine.
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The investment bank reported 3rd-quarter profit fell 3% to $887 million, on fallout from the subprime-mortgage crisis.
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MINNEAPOLIS  â The 3M Company, which makes Scotch tape, Post-it notes and industrial adhesives, posted lower fourth-quarter earnings on Tuesday, compared with the quarter a year ago, which included a one-time gain.
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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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MCI Inc., the second-largest US long- distance telephone company, will write down assets by $3.5 billion in the third quarter, reflecting their reduced value as calling prices tumble and demand declines.
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Progress Software said yesterday that it would restate previous financial results because of errors in stock-based compensation.
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Merck & Co. MRK.N on Thursday said  its third-quarter profit fell, hurt by negative effects of the  recall last month of its Vioxx arthritis drug.
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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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Chairman dethroned Research in Motion will restate three years of earnings following an internal stock options probe, the company said today. The aggregate effect of the revisions will lop $250m off RIM's historic earnings.â¦
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Dynegy Inc. will restate earnings for 2003 and the first half of this year to take a larger write-down connected to the pending sale of Illinois Power Co. and deferred income tax accounts, the company said Wednesday.
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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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TORONTO - Kinross Gold Corp. said Monday that a change in the way it accounts for goodwill has forced it to restate its third-quarter results, resulting in a $133.
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The nationâs largest mortgage lender and loan servicer reported a $1.2 billion loss in the third quarter of 2007 but said that it expected to return to profitability by the end of the year.
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US telecoms company MCI has seen its third quarter loss balloon to $3.4bn (Â£1.8bn) after a price war forced it to reduce the value of its assets.
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TORONTO - Royal Bank of Canada has reported a drop in third-quarter profit --the first year-over-year decline in three years -- because of lower earnings at its US division, increased costs and a higher Canadian dollar.
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Computer services company Unisys Corp.  on Tuesday warned it would post a fourth-quarter loss, instead  of an expected profit, reflecting a revenue shortfall and a  $120 million charge to write off assets.
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NYSE Group Inc. , which owns the New York Stock Exchange, said on Friday it posted a profit from a loss a year earlier, when results were hit by a series of one-off expenses related to the acquisition of Archipelago.