ABB has first-quarter decline on slowdown in world-wide orders

Article Abstract:

ABB reported a 2% drop in its earnings for the 2001 first-quarter as a result of a slowdown in orders worldwide. The company posted $201 million (224 million euros) in earnings for the period.

Diversified Companies, Switzerland, ABB Asea Brown Boveri Ltd.

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Air France posts an 11% in full-year profit

Article Abstract:

Air France posted an 11% decline in its income for the 1998 year. The carrier was hurt by a pilot's strike and by a slowdown in the freight industry. However, Air France did move forward on its three-year cost reduction strategy. Jean-Cyril Spinetta, the carrier's chief executive officer, predicted that Air France would see a major financial improvement for the 1999 fiscal year. Air France posted 1.6 billion French francs (243.9 million euros) after taxes for the year ending on March 31, 1999.

Comment:

Posts 11% decline in its income for the 1998 year

Scheduled Airlines, Scheduled Air Transportation, Airlines, Abstract, Air France KLM S.A.

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Sanofi-Synthelabo's net rises by 21%

Article Abstract:

Sanofi-Synthelabo SA reported a 21% increase in first-half net income even though it had to deal with completing its most intense phase of integration during its first six months as a merged company. Still, the outlook for the company looks less optimistic as its biggest shareholder, Elf Aquitane SA, revealed plans to cut its holding to 19.8% from the current 35.3%.

Drugs & Pharmaceuticals, Pharmaceutical and Medicine Manufacturing, PETROLEUM AND COAL PRODUCTS, Petroleum, Petroleum and Coal Products Manufacturing, Drugs, Pharmaceutical industry, Petroleum industry, Sanofi-Synthelabo SA, Elf Aquitaine S.A.

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