AmerisourceBergen Lowers &#39;05 Estimate
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AmerisourceBergen Corp. (ABC.N: Quote, Profile, Research) on Wednesday lowered its fiscal-year earnings forecast because of lower-than-expected drug price increases, fewer product deals
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MCI Inc., the second-largest US long- distance telephone company, will write down its assets by $3.5 billion in the third quarter, reflecting their reduced value as calling prices tumble and demand declines.
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Research firm says it expects average price to drop from $966 last year to $775 this year.
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The specialty pharmacy company announced on Monday that falling reimbursements will significantly weaken its 2005 earnings. The warning comes just weeks after investors learned that Accredo could soon lose
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Oil futures prices sank nearly 5 percent yesterday, dropping below $53 a barrel, as concerns about tight winter-fuel supplies eased, at least temporarily, and traders
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Indebtedness of $5.5 billion will limit future US spending options.
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Nearly 950 Ameren Corp. employees are being offered a voluntary buyout plan that expires Dec. 20. The cost-cutting measure involves about 10 percent of Ameren&#39;s 9,300 employees.
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The research operation will be shuttered, sources close to the company said, since UBS already has coverage in the areas where Schwab&#39;s Soundview is strong.
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Americans spent less than forecast in May, a sign that a consumer slowdown is restraining price pressures.
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Hillenbrand Industries Inc., one of the nation&#39;s largest casket makers, lowered its fiscal 2004 earnings outlook on Thursday because of increased raw material costs, the lower US death rate and higher cremation rates.
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A week ago, analysts expected a 0.5 percentage point trim. Now they're not so sure.
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AMSTERDAM, DECEMBER 16: Dutch financial group ABN AMRO said on Thursday it would cut 2,850 jobs in a restructuring in which it broadens group shared services (GSS) and refines its wholesale clients business unit.
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Germany's economic recovery will continue at a slower pace than expected, an economics institute said Tuesday as it lowered its 2005 growth forecast to 1.4 percent from 2.1 percent.
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MCI Inc. plans to write down the value of its assets by $3.5 billion to reflect the decreased worth of the company&#39;s telephone network as its consumer business shrinks.
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LONDON (CBS.MW) -- ABN Amro (ABN) (NL:30110) warned 2004 operating profits will fall, hit by aa greater than expected hit from its US mortgage business.
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Oil futures prices sank nearly 5 percent Wednesday, dropping below $53 a barrel, as concerns about tight winter-fuel supplies eased, at least temporarily, and traders
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A private investment group that includes buyout specialist Kohlberg Kravis Roberts &amp; Co. on Thursday dropped its $850 million bid to acquire utility company UniSource Energy Corp.