Lagardere posts decline in annual net profit, says EADS partly to blame
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French media and technology group Lagardere on Monday posted disappointing annual net profits, due partly to a fall in income from its stake in the troubled European aerospace group EADS, the parent group of plane-maker Airbus.
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Brokerage firm A.G. Edwards Inc.  AGE.N on Thursday said quarterly earnings rose 8 percent as  expenses declined, but sluggish equity markets caused profit  and revenue to fall short of analysts' forecasts.
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BRUSSELS  - Surging oil prices and competition from low-cost rivals are melting prospects of a "modest profit" this year for many of Europe's main carriers, the Association of European Airlines reported Friday.
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Airbus plunged into its first-ever operating loss in 2006 and will be in the red again this year, parent company EADS said Friday in another sign of deepening crisis at the European plane maker.
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Top managers at Airbus parent company EADS knew of delays in aircraft production when they sold their stock options in March, shortly before Airbus shares crashed on a shock announcement, a French daily alleged Tuesday.
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Net profit dropped at the consumer products maker to 721 million euros ($1.04 billion) in the last three months of 2007, from 2.03 billion euros a year earlier.
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EADS on Thursday posted steeper  than expected third-quarter losses, axed forecasts that it  would make a 2007 operating profit and promised to reinforce  restructuring plans after fresh problems at planemaker Airbus.
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Alcoa Inc. AA.N, the world's biggest  aluminum producer, said on Monday its quarterly net profit  slipped because of higher energy costs, a weaker dollar and a  charge it took for divesting non-core businesses.
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The company said on Friday that its profit fell on price declines for its mainstay computer memory chips, but expressed confidence a rebound in the market would bolster earnings.
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Agere Systems Inc., which makes computer chips and software for cell phones and other devices, Tuesday said it fell to a loss for its latest quarter, hurt by charges for its restructuring plan and declining revenue.
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German-US auto giant DaimlerChrysler has agreed to reduce its stake in European aeropace giant EADS to 15 percent from 22.5 percent, ensuring a balance between French and German shareholders.
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Alcoa Inc.AA.N, the world's biggest  aluminum producer, said on Monday its fourth-quarter net profit  slipped because of higher energy costs, a weaker dollar and a  charge it took for selling some of its businesses.
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The German-US auto giant DaimlerChrysler posted weaker second quarter earnings on Wednesday but raised its full-year profit forecast thanks to a cash injection from its sale of shares in the aerospace group EADS.
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Alcoa Inc. , the world's biggest aluminum producer, on Monday posted a lower net profit, despite higher revenue from soaring metal prices, because it took a charge for divesting non-core businesses.
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The US plane maker announces an 84% drop in quarterly profits but beats market expectations.
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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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The French and German joint chiefs of troubled European planemaker EADS have criticised the way their company was run, saying the double presidency they share added to the problems.