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Ford shares off 5 pct after profit warning
DETROIT (Reuters) - Shares of Ford Motor Co.(F.N: Quote , Profile , Research ) fell nearly 5 percent in early trading on Wednesday after the automaker cut its 2005 profit outlook and said it was planning more cost cuts to offset weak U.S. vehicle sales. Ford, which lowered its full-year profit after the market closed on Tuesday, said it now expects to earn $1 to $1.25 per share, excluding items, down from a previous forecast...U.S. Stock Futures Point to Weak Open
By Michael Flaherty NEW YORK (Reuters) - U.S. stock futures drifted lower on Thursday, pointing to a weak open on Wall Street, as automaker General Motors Corp. (GM.N: Quote , Profile , Research ) posted earnings below Street estimates and a government report showed initial claims for U.S. jobless aid rose more than expected. GM poste...J&J Says to Buy Guidant for $25.4 Billion
PHILADELPHIA (Reuters) - Johnson & Johnson (JNJ.N: Quote , Profile , Research ) on Wednesday said it agreed to buy Guidant Corp. (GDT.N: Quote , Profile , Research ) , for $25.4 billion in cash and stock, giving the healthcare products maker a foothold in the fast-growing market for implantable devices that regulate heartbeats. The long-rumored deal ranks as the largest ever in the medical device industry and biggest in the 118-year history of J&J...International Paper Posts Quarterly Loss
NEW YORK (Reuters) - International Paper Co. (IP.N: Quote , Profile , Research ) , the world's largest forest products company, on Tuesday reported a third-quarter loss after taking a charge to write down Canadian assets. The company posted a loss of $549 million, or $1.13 a share, compared with a profit of $122 m...Energy, Material Prices Hurt U.S. Profits
By Cal Mankowski NEW YORK (Reuters) - 3M Co. (MMM.N: Quote , Profile , Research ) and American Standard Cos. Inc. (ASD.N: Quote , Profile , Research ) cast a shadow of disappointment on Monday as the busiest week yet of the corporate earnings period got under way, and analysts cautioned not to expect the profit picture to brighten soon. But IBM (IBM.N: Quote , Profile , Research ) posted a higher-than-expected operating profit and said it was confident in its outlook,...Source: .
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