Profit Falls 23% at Credit Suisse Credit Suisse said that losses on private equity investments, dwindling income from investment banking fees and the high costs of integrating an acquisition depressed its profit by 23 percent in the second quarter.
Quarterly Profit Falls at Federated Federated Department Stores, the owner of Macy's and Bloomingdale's, said that its fiscal second-quarter earnings fell 35 percent as a result of costs to pay down debt and close stores.
Profit Falls at Dow Chemical Dow Chemical said its third-quarter profit fell 10 percent, as increased shipments of some chemicals failed to offset falling chemical prices and the strong dollar's erosion of gains in foreign sales.
Chase's Profit Falls; Morgan's Rises Chase Manhattan, whose stock had already fallen 34 percent since it announced its $31 billion merger with J. P. Morgan last month, gave investors more bad news.
Profit Falls 54% at Bankers Trust Bankers Trust, posting its next to last earnings report before the expected completion of its acquisition by Deutsche Bank, said its profit in the fourth quarter plunged 54 percent.
(Reuters) Washington Post's Profit Falls on Hurricane Costs The Washington Post Company said yesterday that its third-quarter profit fell 19 percent, weighed down by hurricane-related charges and lost revenue at its cable division.
Profit Falls at Campbell Soup The Campbell Soup Company said that fourth-quarter profit declined 20 percent, the biggest drop in more than two years, as costs for marketing and job cuts rose.
Dell's Profit Falls 28% on Slowing Sales Dell Inc. said its third-quarter profit fell 28 percent, hurt by one-time charges and by a slowdown in the rate of its sales growth.
Insurer's Profit Falls as a Result of Hurricanes American International Group said third-quarter earnings fell 36 percent from a year ago because of losses from Hurricanes Katrina and Rita.
Volkswagen's Profit Falls 87% Volkswagen, Europe's largest carmaker, said that its first-quarter profit fell 87 percent despite a rise in sales.
