JJB Sports hit by profits slump
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Sporting retailer JJB Sports posts a large drop in profits, blaming a lack of major football tournaments.
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Shares at Nippon Steel, the world's second largest steel firm, slump after reporting falling quarterly profits.
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The sporting-goods retailer is down but not out.
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Shares of fabric and craft retailer Jo-Ann Stores Inc. (JAS.N: Quote, Profile, Research) sank about 10 percent on Wednesday as the market digested its profit warning.
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As expected, the athletic-shoe retailer posts a loss in the first quarter.
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Hurt by erratic advertising demand, many of the nation&#39;s newspaper companies will fail to deliver the profits they had hoped for in the latest quarter.
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BARCLAYS said yesterday it was on course for a profits haul of about Â£4.5 billion this year. But the shares were the biggest faller on the Footsie as the market was disappointed with a flat performance from
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J.P. Morgan Chase & Co. JPM.N posted  lower third-quarter earnings on Wednesday, missing analysts'  forecasts, on costs from its $58 billion purchase of Bank One  Corp. and lower bond trading revenue.
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Two large Wall Street firms - Morgan Stanley and Bear Stearns - reported a fall in quarterly profits yesterday in sharp contrast to rival players who presented an upbeat performance the day before.
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JJB SPORTS saw its shares collapse nearly 20 per cent yesterday after it broke off talks with the private equity giant Cinven and posted dismal first-half sales.
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NEW YORK - Hurt by erratic advertising demand, many of the nation&#39;s newspaper companies will fail to deliver the profits they had hoped for in the latest quarter.
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Shares of JetBlue Airways Corp.  JBLU.O fell nearly 8 percent in premarket trading on  Wednesday after warning that the recent hurricanes in Florida  would hurt its earnings.
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Shares in online gambling company Sportingbet PLC, whose chairman is facing charges in the U.S., plummeted 41 percent Monday after they resumed trading.
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The price of shares in on-line gambling website Sportingbet have tumbled 41 percent when trading in the stock was resumed after suspension last week owing to the arrest of the company's chairman.
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The company's sales fall, pulling down its stock price.
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Business & money: Search giant shocks investors with lower-than expected profits.
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Company reports a decline in its router business during its quarterly earnings, which barely met analyst expectations.