Amgen quarterly profit falls sharply
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Amgen Inc  reported sharply  lower third-quarter profit on Wednesday on falling sales from  its important anemia drugs, amid new insurance coverage  restrictions and safety concerns, and on restructuring charges.
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Amgen Inc. , the world's biggest biotechnology company, on Wednesday reported a lower third-quarter profit related to the acquisition of another biotech company.
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NEW YORK/LOS ANGELES  - Amgen Inc  reported sharply lower third-quarter profit on Wednesday on plunging sales of its most important anemia drugs, amid new insurance-coverage restrictions and safety concerns, and on restructuring charges.
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Kraft Foods Inc.  posted a sharply lower quarterly profit on Wednesday as the company continued to work on plans to revive its business.
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U.S. investment bank Morgan Stanley  MWD.N on Wednesday said quarterly profit dropped 34 percent  amid reduced trading revenue, falling well short of Wall  Street's already-lowered expectations and pushing the company's  shares down more than 8 percent.
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A steeper-then-expected drop in the   U.S. housing market pushed Lennar Corp.'s LEN.N quarterly   profit down 39 percent and prompted the home builder on Tuesday   to slash its fourth-quarter forecast.
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U.S. stocks fell  on Thursday as  disappointing earnings reports from companies including  Caterpillar and Amgen combined with higher oil prices to turn  investors cautious after two days of gains.
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Slashed earnings estimate pulls down shares.
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MORGAN Stanley, the American investment bank, has seen its quarterly profits slide 34 per cent amid reduced trading revenues. The latest figure fell well short of Wall Streetâs already-lowered expectations after a summer of sluggish market activity.
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A steeper-than-expected drop in the   U.S. housing market pushed Lennar Corp.'s LEN.N quarterly   profit down 39 percent and prompted the home builder on Tuesday   to slash its forecast for the current period.
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Sears, Roebuck and Co. on Thursday said quarterly profit fell sharply compared with a year earlier, when the department store operator had a gain from the sale of its credit card business, but the profit topped forecasts as the retailer slashed costs.
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Bristol-Myers Squibb Co. BMY.N on  Friday said quarterly profit fell 16 percent on special charges  and lower U.S. sales amid competition from rival brands and  cheaper generics.
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Amgen Inc  said on Thursday that fourth-quarter profit edged higher, helped by cost cutting, and relieved investors with stronger than expected sales of all its key products.
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AMR Corp , parent of the world's largest airline American Airlines, on Wednesday posted a second quarter profit that fell short of Wall Street expectations, weakened by severe weather disruptions.
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American International Group Inc.  , said on Wednesday its earnings fell 29 percent as  revenues declined, realized losses on investments widened, and  business in Asia trailed off.
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General Motors Corp. GM.N on Thursday  posted disappointing quarterly earnings and cut its full-year  profit forecast amid slowing growth in China and European job  cuts, sending its shares down 4 percent.
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Advanced Micro Devices Inc. (AMD) saw its short streak of quarterly profits come to an end, as sales growth slowed in the fourth quarter due to competitive pricing for its flash memory products, the company said Tuesday.