ChevronTexaco Earnings Jump
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| LeapFrog loss widens; ITT Industries Profit Up |
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| ChevronTexaco Corp.'s net income advanced 4.5% in 1Q as surging prices of crude oil and natural gas continued to fuel some oil producers. Oil giants Exxon Mobil Corp., BP PLC and Royal Dutch/Shell Group all posted double-digit jump in quarterly profit. |
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Microsoft's Earnings Nearly Double
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| Toshiba Net Profit Plummets; Sirius Loss Widens |
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| The Redmond, Washington-based software maker Microsoft Corp. said profit nearly doubled in its fiscal 3Q on lower legal costs and stronger demand for server systems software. The company missed its revenue guidance for the period. |
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Exxon’s Profit Climbs on Oil Prices
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| Kellogg’s Profit Up, Raises Outlook; Unocal's Net Climbs 69% |
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| The world's biggest publicly traded utility company Exxon Mobil Corp. said its 1Q net income soared by 44%, bolstered high oil and natural-gas prices, although the company's production of oil and natural gas dropped. |
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DaimlerChrysler's Net Drops
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| GlaxoSmithKline and Comcast profits rise; |
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| DaimlerChrysler AG, the world's fifth-largest car maker, said net income fell 30% in the first quarter reflecting the tumbling profit at its most important division, the Mercedes Car Group, mainly due to dropping sales, quality problems and a huge restructuring of Smart. |
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Visteon Swings to 1Q Loss
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| WellPoint's Earnings Double; Tupperware Raises Outlook |
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| The world's second-largest auto parts maker, Visteon Corp. Reported 1Q loss from a profit a year earlier on declining sales to former parent company Ford Motor Co., growing steel costs and slashed prices. The company's shares tumbled 17%. |
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Verizon Net Tops Views
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| Amazon Net Falls; Siemens, Sony Post Loss |
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| The New York company Verizon Communications Inc. beat Wall Street forecasts with a 1Q profit of $1.76 billion on rapidly growing wireless business and a 6.6% jump in revenues. The company increased its customer base by 1.64 million subscribers for a total of 45.5 million at the end 1Q. |
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Lockheed Martin Earnings Up, Raises Outlook
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| Hilton, American Express and 7-Eleven Swing to Profit |
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| The number 1 U.S. defense constructor Lockheed Martin Corp. posted a 27% increase in quarterly profit bolstered by sound sales. The Bethesda, Maryland-based company also raised its full year guidance. |
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Honda Posts Strong Net Profit
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| ImClone, Infineon, TSMC Post Losses |
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| Tech stocks are under pressure after Germany's Infineon Technologies AG missed its earnings forecast. Honda's strong profits follow sound earnings reported Monday by Nissan. Japanese auto makers have been enjoying strong profit growth recently in contrast to their U.S. competitors General Motors and Ford, which posted losses. |
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SBC Reports Lower 1Q Earnings
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| Instinet, Entergy and Arch Coal follow suite |
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| SBC Communications, the No. 2 U.S. telecommunications company, reported a slide in 1Q earnings due to higher costs from the purchase of AT&T Wireless by its Cingular Wireless joint venture. SBC agreed to buy AT&T Corp. for $16 billion earlier this year. The deal is expected to close by early next year. |
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Nissan Posts Record Earnings
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| Nestle, Volvo, Schering and Reebok 1Q Profits Up |
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| Japan's No.2 auto-maker Nissan Motor Co. announced record fiscal-year earnings mainly attributable to growing global sales. The company forecast lower-than expected earnings jump this year on uncertain markets. |
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