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Oil Slump Pushes S&P 500 Toward First Profit Decline Since 2009
2015-04-06 14:02:09| Industrial Machines - Topix.net
Tumbling oil prices and a stronger dollar are pushing down U.S. corporate profits for the first time in more than five years, hurting companies from Exxon Mobil Corp. to Wal-Mart Stores Inc. First-quarter earnings per share for companies in the Standard & Poor's 500 Index may have fallen about 5.8 percent, according to estimates compiled by Bloomberg, in the first year-over-year decline since 2009's third quarter. As earnings season gets its unofficial start this week with Alcoa Inc., the biggest drag will come from a 63 percent profit decline at energy companies.
Tags: oil
profit
decline
pushes
Oil Slump Pushes S&P 500 Toward First Profit Decline Since 2009
2015-04-06 13:05:12| Oil & Gas - Topix.net
Tumbling oil prices and a stronger dollar are pushing down U.S. corporate profits for the first time in more than five years, hurting companies from Exxon Mobil Corp. to Wal-Mart Stores Inc. First-quarter earnings per share for companies in the Standard & Poor's 500 Index may have fallen about 5.8 percent, according to estimates compiled by Bloomberg, in the first year-over-year decline since 2009's third quarter. As earnings season gets its unofficial start this week with Alcoa Inc., the biggest drag will come from a 63 percent profit decline at energy companies.
Tags: oil
profit
decline
pushes
Bank stress tests cover global slump
2015-03-30 12:52:39| BBC News | Business | UK Edition
The UK's banking industry will have to prove it can endure a global economic slump in this year's Bank of England stress tests.
Guess Q4 earnings slump on currency impact
2015-03-19 13:15:00| Daily apparel & textile news and comment - from just-style.com
The impact of the strong dollar sent fourth quarter net profit down by nearly a quarter for fashion business Guess, the company reported.
Tags: impact
guess
currency
earnings
US oil and natural gas rig count drops by 67 to 1,125, Texas down 37, with oil price slump
2015-03-13 19:01:40| Oil & Gas - Topix.net
Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. fell by 67 this week to 1,125 amid depressed oil prices. Houston-based Baker Hughes said Friday that 866 rigs were seeking oil and 257 exploring for natural gas.
Tags: with
price
natural
count
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