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Football 15 Apr 2016 | 7:06 AM

Rising wage costs eat into profits of elite English clubs

(Reuters) - The aggregate pre-tax profits of English Premier League clubs fell nearly 37 percent last season due to a spike in wages, according to Deloitte.

Corporate News 12 Feb 2016 | 7:37 AM

Commerzbank quadruples profits in 2015, resumes dividend payouts

FRANKFURT: Commerzbank, Germany’s second biggest bank, said on Friday its profits quadrupled in 2015 and that it would resume dividend payments as it expects to see further profit growth this year.

Banking 27 Jan 2015 | 4:13 PM

Profits at China's big state-owned industrial firms slide in 2014

BEIJING: Profits from core operations at China's large state-owned industrial conglomerates fell a hefty 12.3 percent in 2014, the National Bureau of Statistics said on Tuesday, adding urgency to central government plans to overhaul the country's inefficient state sector.

Business 04 Aug 2009 | 12:00 AM

Barclays, HSBC post strong profits despite soaring bad loans

LONDON: Top British banks Barclays and HSBC reported strong profits despite soaring bad loans, giving a boost to the crisis-hit banking sector as it seeks green shoots of economic recovery.

Business 27 Mar 2009 | 12:00 AM

China said Friday industrial profits down 37%

Profits at China's oil producers, steel makers and other major industrial companies fell sharply in January and February as sales were battered by the global economic crisis, data showed Friday.

Business 01 May 2009 | 12:00 AM

Aussie Macquarie Bank profits collapse 52%

Australia's Macquarie Bank, once nicknamed the millionaire's factory for the number of executives it made rich, said Friday its profits halved last year, and slashed 2.5 billion Australian dollars ($1.8 billion) from its asset values because of the global financial crisis.

Business 07 Oct 2009 | 12:00 AM

US stocks surge as investors bet on corporate profits

NEW YORK: Investors barreled into stocks for a second day, betting that corporate profits will surge as the global economy noshade size=-1 width=50%>

Business 15 Nov 2005 | 12:00 AM

AIG reports US$1.7b in third-quarter profits

NEW YORK: American International Group Inc., one of the world's largest insurers, said on Monday profits fell to US$1.72 billion (euro1.47 billion) for the third quarter, in line with an earlier announcement.

Business 31 May 2005 | 12:00 AM

Poultry farmers reap higher sales and profits

POULTRY farmers enjoyed higher sales and profits during the first three months of this year on better selling prices for chicken products and lower feed cost. The companies said the trend is set to continue during the second half of this year, barring unforeseen circumstances.

World 10 Jun 2008 | 12:00 AM

Obama backs oil profits tax, attacks McCain

RALEIGH, N.C. (Reuters) - Democratic presidential candidate Barack Obama sought to tap into Americans' anxiety over high gasoline prices on Monday by pledging to seek a windfall profits tax on U.S. oil companies if elected.