Vivendi 2Q profit falls 49 percent
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Entertainment and telecom conglomerate Vivendi SA reported Friday that its second-quarter earnings dropped 49 percent from a year earlier, when it had a gain from an asset sale, and said it is sticking to its forecast for the full year.
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PARIS : French media giant Vivendi Universal reported a surge in its net loss so far this year but forecast a sharp turnaround in its finances for all of 2004.
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Warehouse retailer Costco Wholesale Corp. said Thursday its second-quarter profit declined 16 percent as costs grew faster than revenue.
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Dutch retailer Ahold NV, recovering from a major accounting scandal, reported a lower-than-expected second-quarter net profit of euro32 million (US$38.
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VIVENDI Universal, the French media and telecommunications company, said its net loss grew to Â£1.26 billion in the second quarter.
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Shares of Vivendi Universal, the owner of Universal Music Group, and Britain&#39;s EMI Group each traded down over 2 percent Friday amid a report that New York Attorney General
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French-US telecom equipment maker Alcatel-Lucent issued its second profit-warning of the year Thursday, sparking a sharp fall in the group&#39;s share price despite management assurances the merger of the two groups would prove fruitful.
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Athletic shoe and apparel retailer   Finish Line Inc. FINL.O on Thursday reported a 47 percent   drop in second quarter net income due to weak back-to-school   sales and a larger number of discounts.
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In a statement today supermarket chain Sainsbury said it expected first-half profits to drop nearly two-thirds compared with last year as a result of loss of market share.
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Vivendi Universal SA said Tuesday that revenue fell 26 percent in the fourth quarter after the communications giant accounted for the sale of U.S. entertainment assets.
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The jeweler said 2nd-quarter net income fell to $37 million, hurt by a charge related to selling its Little Switzerland retail business, but sales beat expectations.
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Vivendi Universal revealed on Tuesday the  full impact of selling most of its entertainment business, as  impairment charges incurred from the deal were largely behind a  nearly trebled first-half net loss of 1.86 billion euros ($2.28  billion.).
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Quanta Computer Inc., the world&#39;s biggest notebook computer maker, reported an unexpected 7.2 percent decline in second-quarter profit.
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Avon Products Inc. , the  world's largest direct seller of cosmetics, on Monday said  second-quarter profit fell 54 percent on costs related to job  cuts and other restructuring moves.
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NVR, the Washington area's largest home builder, yesterday reported that second-quarter earnings plummeted 52 percent, a result of continued weak demand and excess inventory.
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French media and telecommunications giant Vivendi on Wednesday reported full-year adjusted net profit of 2.61 billion euros (3.43 billion dollars), up 17.9 percent from a year earlier.
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The retailer posted a 36 percent fall in fourth-quarter profit, hurt by costs related to an inventory write-off, and said it would open only about half the number of stores it opened in 2007.