Time Warner Quarterly Net Profit Jumps - Reuters - 4 minutes ago Time Warner Inc. said on Wednesday its quarterly net earnings jumped as stronger results at its TV networks and cable operations offset weakness at its AOL Internet business and Time Inc. publishing house.
Merck to Cut 4,400 Jobs, Earnings Flat - Reuters - 4 minutes ago Merck & Co. Inc. said on Wednesday it would cut 4,400 jobs and reported disappointing earnings, hurt by falling sales of arthritis medicine Vioxx and a paucity of profitable new drugs.
Pfizer Earnings Fall on Pharmacia Deal - Reuters - 4 minutes ago Pfizer Inc., the world's largest drugmaker, on Wednesday said third-quarter earnings fell as costs associated with its acquisition of Pharmacia Corp. offset sales growth of drugs such as cholesterol fighter Lipitor.
Lucent Posts First Profit Since 2000 - Reuters - 4 minutes ago Lucent Technologies Inc. on Wednesday said it returned to profit after more than three years, raising hope that a tortuous restructuring by the telecommunications equipment maker may be succeeding.
AT&T Wireless Posts Profit - Reuters - 4 minutes ago AT&T Wireless Services Inc. , the No. 3 U.S. wireless telephone company, on Wednesday posted a quarterly net profit and an increase in revenue, but customer turnover rose as it removed unprofitable customers.
BellSouth Posts Strong Results; Shares Up - Reuters - 4 minutes ago BellSouth Corp. , the No. 3 U.S. local telephone company, on Wednesday reported a 46-percent jump in profits as strong sales of wireless, Internet access and multi-service packages drove revenues higher.
Hilton Profit Down, Recovery Signs Spotty - Reuters - 4 minutes ago Hilton Hotels Corp. posted a 29 percent fall in third-quarter profit on Wednesday as the hotelier strained to turn the corner in a sluggish travel market and said the hotel industry would lag a general economic recovery.
Computer Associates Posts Loss - Reuters - 4 minutes ago Business software company Computer Associates International Inc. on Wednesday posted a wider net loss in the quarter, weighed down by litigation settlement charges, but revenue topped its earlier estimate on higher contract signing.
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