German carmaker BMW 3Q net income falls 74 percent to €78 million; share price slides

November 3rd, 2009 BMW 3Q net income falls 74 percent to euro78 millionFRANKFURT — German carmaker BMW AG said Tuesday its net income fell 74 percent in the third quarter as it continued to be affected by the global economic downturn. BMW, the world's biggest luxury car company by sales, said net income for the period amounted to euro78 million ($115 million), down from euro298 million in the July-September period of 2008.

November 2nd, 2009 Valeant 3Q net income down, results top forecastALISO VIEJO, Calif. — Valeant Pharmaceuticals International said Monday its third-quarter net income plunged, a year after selling businesses in Europe, Africa, and the Middle East, but adjusted profit topped Wall Street expectations.

October 29th, 2009 VW 3Q net income falls 86 percent to euro172 millionFRANKFURT — German carmaker Volkswagen AG said Thursday net income for the third quarter plunged 86 percent as the global downturn affected demand for its cars and trucks. Europe's biggest automotive group by sales reported net income of euro172 million ($253 million), down from euro1.2 billion in the July-September period a year ago.

October 29th, 2009 VW 3Q net income falls 86 percent to €172 millionFRANKFURT — German carmaker Volkswagen AG said Thursday net income for the third quarter plunged 86 percent as the global downturn affected demand for its cars and trucks. Europe's biggest automotive group by sales reported net income of €172 million ($253 million), down from €1.2 billion in the July-September period a year ago.

October 22nd, 2009 GATX third-quarter profit falls 73 percentCHICAGO — Rail and marine leasing company GATX Corp. said Thursday that its third-quarter profit fell more than 73 percent to $19.6 million as sales plunged 27 percent.

October 16th, 2009 Daimler starts construction of Hungary car plantFRANKFURT — German carmaker Daimler AG started construction Friday on a new euro800 million ($1.2 billion) car production facility in Kecskemet, Hungary, near Budapest, the company said. The new plant will produce A Class and B Class Mercedes-Benz cars starting in 2012, in conjunction with its Rastatt, Germany plant, which itself will be enlarged and upgraded for a "triple-digit" million euro sum.

August 28th, 2009 Chipmaker Marvell's 2Q profit falls as sales dropSANTA CLARA, Calif. — Marvell Technology Group Ltd., which makes chips used in phone networks, said Thursday its second-quarter net income fell 18 percent to $58.5 million as revenue slumped.

August 4th, 2009 BMW's 2Q profit slides 76 percentBERLIN — Luxury automaker BMW AG says its second-quarter profit skidded 76 percent lower as consumers put off buying its pricey vehicles. It said a "lasting" economic recovery was not yet in sight.

July 31st, 2009 Puma's H1 operating income falls 6 pct, PPR saysFRANKFURT — German sportswear company Puma AG's operating profit for the first six months fell about 6 percent, according to the company's parent, Paris-based retail and luxury group PPR SA. PPR, which holds about 64 percent of Puma's shares, said in its first half earnings report that Puma's operating profit in the January-June period fell to euro177 million ($248.74 million) from euro189 million in the first six months of 2008.

July 30th, 2009 International Paper's 2Q falls 40 percentInternational Paper Co.'s second-quarter net income slid 40 percent as lower sales and a slew of one-time charges hurt results for the top North American producer of cardboard box parts. The company said its net income fell to $136 million, or 32 cents per share, down from $227 million, or 54 cents per share, a year earlier.

July 24th, 2009 Volkswagen increases market share in first halfFRANKFURT — German carmaker Volkswagen AG said Friday it was able to increase its global car market share during the first six months of the year despite difficult operating conditions. The Wolfsburg-based company said its market share for the January-June period increased to 12 percent from 9.9 percent in the first six months of 2008, despite selling less cars because of the recession.

July 20th, 2009 Johnson Controls income falls 63 percent in 3QMILWAUKEE — Johnson Controls says its fiscal third-quarter earnings fell 63 percent, even though the auto parts and building products maker cut costs to control expenses amid weakened economic conditions. The Milwaukee-based company posted income of $163 million, or 26 cents per share, compared with $439 million, or 73 cents per share, in the same quarter a year ago.

July 16th, 2009 Marriott 2Q profit declines 76 percentNEW YORK — Marriott International said Thursday lower revenue and hefty restructuring charges pushed down its net income 76 percent in the second quarter. The hotel operator also gave an outlook for the third quarter and full year that fell far short of Wall Street's expectations.

June 8th, 2009 BMW sales fall 18 pct in May from year earlierFRANKFURT — German carmaker BMW AG said Monday the group sold 109,042 cars in May 2008, an 18 percent decline from the same period a year earlier. The Munich-based premium carmaker said its BMW brand sold 90,643 cars last month, down 18 percent from the 110,707 sold in May 2008.

May 8th, 2009 Nasdaq OMX Group 1Q profit slides 22 percentNEW YORK — Stock exchange operator Nasdaq OMX Group says its first-quarter profit fell 22 percent compared with the year-ago quarter when it booked hefty foreign exchange contract gains. The global exchange operator said Thursday it earned $94 million, or 44 cents per share, in the three months ended March 31.