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Bank Profits Fall but Surpass Expectations

A pair of the largest U.S. banks reported that profits in the first quarter fell due to the housing downturn but they still managed to beat Wall Street analysts' expectations sending shares higher.

Debenhams profits and debts fall

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Debenhams Plc has released its interim results for the 26 weeks ended 1 March 2008. The retailer said that its like-for-like sales fell marginally by 0.7 per cent in the period, but were up 1.0 per cent in the 32 weeks to 12 April 2008.
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Oil jumps as US stockpiles fall

Oil prices rallied on Wednesday as a slump in U.S. crude oil stockpiles to their lowest level in nearly three years rekindled worries of a winter supply crunch.
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Stocks Fall on Economy Concern, Drugstores Off

U.S. stocks slid on Thursday after a report said factory activity contracted in the U.S. Mid-Atlantic region in September for the first time in over three years, prompting worries about a slowdown in the U.S. economy and corporate profits.
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Air Mauritius Shows Drastic Fall in Profits

Air Mauritius is tightening its belt. As its annual report revealed it last week, the profits of the local airline have decreased by half. Even worse: there is not much hope that this situation will improve in the near future.
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FTSE 100 opens lower

The FTSE 100 fell on Monday, led by mining and oil stocks as commodity and oil prices dropped.
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Verizon Profits Down, Revenue Up on Wireless

Verizon Communications Inc., one of the world's biggest telephone companies, said on Tuesday its quarterly earnings fell on merger costs but revenue rose due to strength in wireless.

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