Midland&#39;s 3Q Is Slammed by Hurricane Losses
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Midland Co. on Thursday said third-quarter profits fell by almost half as the specialty insurer sustained heavy claims losses from the hurricanes that swept through the Southeast during the summer.
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Qwest Communications International Inc. reported a third quarter loss on Thursday, partly due to lower revenues and to a charge related to litigation reserves.
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BellSouth Corp. (BLS.N: Quote, Profile, Research) on Monday said third-quarter earnings fell due to hurricane damage in the southeastern US.
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The fast food purveyor suffers more hurricane damage.
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The St. Paul Travelers Cos. Inc. estimated it lost about $140 million as a result of Hurricane Charley. This is a net loss, after tax allowances and reinsurance payments, the St.
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BellSouth Corp. BLS.N on Monday  said third-quarter earnings fell due to hurricane damage in the  southeastern U.S.
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With a third hurricane bearing down on Florida, thousands spent the weekend uncertain whether, when or where to flee.
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SAN FRANCISCO (CBS.MW) -- Knight Ridder late Thursday warned its third-quarter profit from operations will fall short of most analysts&#39; estimates due to advertising losses related to the impact of three hurricanes on its newspapers in Florida and Georgia.
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KANSAS CITY, Mo. - Sprint Corp. on Tuesday reported strong sales in its third quarter, but took a loss as it wrote off $3.5 billion in value for its long-distance assets and suffered from disruptions caused by hurricanes.
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The BellSouth Corporation, the third-largest Bell operating company, said yesterday that profit dropped 14.6 percent in the third quarter as expenses rose because of this summer&#39;s hurricanes and costs at its Cingular Wireless division.
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Damage to Florida's $62 billion  agricultural sector from the worst hurricane season in decades  will probably be around $3 billion when all the toppled citrus  trees, shattered greenhouses and fallen fruit are counted, the  state government said Thursday.
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BellSouth Corp.  on Monday said third-quarter earnings fell due to storm damage in its region and the sale of some international assets.
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Hurricane season has affected many corporations, with varying outcomes.
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Delta Air Lines Inc., struggling to avoid a bankruptcy filing, had a third-quarter net loss of $646 million because of a drop in US airfares, higher jet-fuel costs and flight disruptions from Florida hurricanes.
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St. Paul Travelers Cos. Inc. expects its net losses from Hurricane Jeanne will be about $93 million, after tax and reinsurance payments.
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Allstate Corp., St. Paul Travelers Cos., Ace Ltd. and other insurers face as much as $10 billion in losses as hurricane winds batter Florida for second time in three weeks.
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Hurricane Frances threatens to dampen  sales, and possibly earnings, for a slew of companies -- from  insurers to airlines -- as business activity screeches to a  halt only three weeks after Hurricane Charley hit Florida.