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UniCredit profit slumps as bank woes continue

PARIS/MILAN — The financial crisis took a further toll on two major European banks on Wednesday, as French Natixis SA admitted falling investment banking revenue while Italy's UniCredit posted a sharp drop in quarterly net profit.

HVB bank slumps to third-quarter loss

HVB Bank LogoMunich - Germany's HVB banking group said Wednesday it posted a loss of 285 million euros (356 million dollars) in the third quarter as a result of the global financial market turmoil.

UniCredit profit slumps as bank woes continue

PARIS/MILAN — The financial crisis took a further toll on two major European banks on Wednesday, as French Natixis SA admitted falling investment banking revenue while Italy's UniCredit posted a sharp drop in quarterly net profit.

SocGen net slumps, but can get through crisis

reported an 83.7 percent fall in third-quarter net profit on Monday but said it was strong enough to weather the global financial crisis.

Vodafone's profit slumps 35%

Vodafone UK says its net profit slumped 35% to $A5 billion in the first half of its financial year. Vodafone UK says its net profit slumped 35% to $A5 billion in the first half of its financial year.

Vodafone's profit slumps 35%

British mobile phone company Vodafone said on Tuesday its net profit had slumped 35 per cent to STG2.14 billion ($A5.0 billion) in the first half of its financial year.

Panasonic Q2 profit slumps 19%

TOKYO -- Japanese electronics maker Panasonic Corp posted a 19 per cent fall in quarterly profit as the global slowdown boosted the yen and slowed digital camera demand, but it kept an annual outlook that exceeds market estimates.

Online retail sales growth slumps as consumers cut back

(Dallas Morning News, The Via Acquire Media NewsEdge) Nov. 20--E-commerce sales continued to slow in the third quarter, as online sales are proving they aren't immune to the overall economic downturn.

Hot small caps: DSG slumps after Best Buy warning

LONDON (Reuters) - The following is a round-up of key small cap movers on the London stock market on Thursday.

WRAPUP 2-UniCredit profit slumps as banks show strain

Unicredit Q3 net profit tumbles 54 pct * Natixis says Oct turmoil hit investment bank revenues * Barclays faces shareholder revolt over fundraising * Hypo Real Estate Q3 pretax loss 3.1 bln euros * Natixis, Hypo shares fall 11 pct; Europe banks down 2.7 pct

Hot small caps: JJB slumps as fears mount over bank loans

Following is a round-up of key small cap movers on the London stock market on Tuesday. Skip related content

Personal bankruptcies rise as housing slumps

The real estate downturn is adding to an increase in personal bankruptcy filings, as indebted homeowners no longer have a cash cow to turn to when times get tough.

Personal bankruptcies rise as housing slumps

The real estate downturn is adding to an increase in personal bankruptcy filings, as indebted homeowners no longer have a cash cow to turn to when times get tough.

Personal bankruptcies rise as housing slumps

The real estate downturn is adding to an increase in personal bankruptcy filings, as indebted homeowners no longer have a cash cow to turn to when times get tough.

European Central Bank slashes rates as economy slumps

European Central Bank LogoFrankfurt - The European Central Bank (ECB) delivered an unprecedented 75-basis-points cut in interest rates Thursday underscoring the dramatic deterioration in Europe's economy.

U.S. stocks sink at the finish; Citigroup slumps 23%

NEW YORK (MarketWatch) -- U.S. stocks on Wednesday thudded sharply lower as worries intensified about the survival of financial giant Citigroup Inc.

Hong Kong shares close sharply lower on economy worries; HSBC slumps

A distinguished group of wine authorities answer an oft-thought question: Which wines would you bring to a holiday meal and why?

Ericsson to shut down U.S. R&D facility

When the economy slumps R&D becomes a luxury, so it's really no surprise that Ericsson will close its Warrendale, Pa., R&D facility by the middle of next year. Who needs to develop new products when you can't sell the old ones?

Sony has a brand new patent

Telstra takes wraps off hosted apps Sun Microsystems slumps to US$1.68bn loss IEEE votes on updated low-power design standard Support fades for Australian net censorship Sydney Water plans SOA to data warehouse bridge ATO loses thousands of records on unencrypted CD Asus crowdsources new PC design Microsoft shows off future technologies DSTO shows off two new Land Warfare robots Telstra stands ready to build NBN Haley to become the next Oracle business unit Cellnet closes three warehouses Vodafone buys more SAS software NSW Department of Corrective Services eyes-off local biometrics product Asus to launch Android handset?

Recession hits Nokia

The world’s largest mobile phone manufacturer Nokia is not recession proof, after all. Earlier Nokia has been able withstand large economic slumps almost without a sratch, but Friday it issued a warning of diminishing shipments, sales and profitability.

Sensis concedes Australian web search to Google

Data#3 chosen as Microsoft reseller for Defence Cellnet closes three warehouses New guide launched to beat the phishers Ubuntu Linux updates released US appeals court rejects abstract patents Sun Microsystems slumps to US$1.68bn loss Opinion: Current levels of identity theft are inexcusable Green gadgets aim to woo eco-aware shoppers Google may scrap Yahoo deal – sources Nintendo says sees overseas DSi launch by next summer Warning on Halloween web fraud Sony recalls 100,000 notebook batteries

REVIEW | Dull Flame: Shamim Sarif's "I Can't Think Straight"

You would think that a cross-cultural, cross-religious lesbian romance should have enough built-in conflict to sustain an 80-minute feature, but Shamim Sarif's "I Can't Think Straight" slumps and stretches its way from its first uninspired set piece, an engagement party for Jordanian-Christian Tala (Lisa Ray), to its mildly embarrassing closing montage, cut to, natch, Jill Sobule's "I Kissed a Girl" (hello, 1995!). As with her other feature, "The World Unseen" (released to theaters earlier this month), Sarif adapts and directs her own novel here, with Ray and Sheetal Sheth playing the lead roles. For "I Can't Think Straight," she enlists the help of co-writer Kelly Moss, but to no avail: Sarif has crafted a movie with such paper-thin characterizations and so lacking in dramatic incident that it's frankly surprising that she was working fr

Nokia plans to make job cuts

No NBN without Telstra: Budde Feds grapple with broadband guarantee under-participation Verizon builds new US$5 million network Data centre space pricing to rise iPhone 3G cuts Optus earnings forecast by $44m Telstra cans Terria debate Windows 7 smaller than Vista Sensis concedes Australian web search to Google Telstra takes wraps off hosted apps Sun Microsystems slumps to US$1.68bn loss IEEE votes on updated low-power design standard Support fades for Australian net censorship Sydney Water plans SOA to data warehouse bridge ATO loses thousands of records on unencrypted CD

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