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Weak demand sinks 3M's 4Q profit and revenue

2016-01-26 17:20:59| Chemicals - Topix.net

Weaker demand for consumer and industrial goods drove 3M's fourth-quarter profit and revenue lower, but the results still topped Wall Street expectations. The maker of Post-it notes, industrial coatings and ceramics reported a 12 percent drop in profit to $1.04 billion, or $1.66 per share.

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Japan shares up despite weak exports

2016-01-25 01:40:27| BBC News | Business | UK Edition

Japanese shares rise despite December trade figures showing exports have fallen for a third straight month.

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Leaky lifeboat: Weak US corporate profits offer no rescue to sinking stocks

2016-01-22 11:18:33| IT Services - Topix.net

NEW YORK: Investors who hoped U.S. corporate earnings could dig stocks out of their deep hole may find themselves sorely disappointed. Thanks to rapidly dimming forecasts for energy, materials, finance and technology sectors, year-over-year profit declines for Standard & Poor's 500 companies are now expected until the second quarter of 2016 at the earliest, according to data from Thomson Reuters Proprietary Research.

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Wetherspoon warns of weak profits

2016-01-20 12:19:23| BBC News | Business | UK Edition

Pub chain JD Wetherspoon warns full-year profits are likely to be dented by higher labour costs

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UPDATE 3-IBM forecasts weak earnings for 2016; shares slide

2016-01-20 01:32:57| Electronics - Topix.net

Jan 19 International Business Machines Corp reported an 8.5 percent fall in quarterly revenue as a strong dollar and tepid IT spending weighed on the Big Blue's results. Armonk, New York-based IBM's revenue fell to $22.06 billion, above analysts' average estimate of $22.02 billion, according to Thomson Reuters I/B/E/S.

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