Contrary to Wall Street's expectations, the global economic downtown has impacted Disney Co.'s quarterly results, harder and faster than expected. Experiencing a sharp decline in hotel bookings and low revenue returns from network advertising, Disney's shares slid 9%, recovering a little after executives stimulated bookings by announcing hotel discounts, during the first half of 2009.
Munich - German luxury carmaker BMW said Tuesday that it was lowering its profits forecast for 2009, following disappointing third-quarter results.
Profits plunged 62.9 per cent to 298 million euros (375 million dollars) compared to the same quarter of 2007, the company said in a statement released in Munich.
Turnover was down 8.6 per cent to 12.59 billion euros as global sales dropped 4.2 per cent to 349,098 vehicles, the company said.
Oslo - Norwegian energy giant Statoil Hydro's third-quarter net income fell 57 per cent, the group said Monday, citing a stronger US dollar rate that pushed up tax rates.
Net income for the quarter was 6.3 billion kroner (937 million dollars), compared to 14.6 billion kroner in the corresponding business period of 2007.
Net operating income increased 31 per cent to 47 billion kroner, while turnover was up 35 per cent to 170 billion kroner, the group said.
The Indian Oil Company (IOC) has incurred a loss of Rs 7,047 crore in the second quarter ending Sept 30.The loss is believed to be more than Rs 6,963 crore that the company made in 2007-08.
The company in the first half of the year 2008-09 lost Rs 6,632 crore, as against a net profit of Rs 5,286.16 crore in the same period last year.
The net profit of Auto major Tata Motors declined 34 percent in the July-September period. Its net profit stands at Rs 346 crore which was Rs 526 crore last year. The company has to pay for high input cost, high interest rates and world financial crisis. The sale of auto major increased 7% to Rs 7029 crore in the same period. But its operating margin fell to 8.13% which was earlier 9.2%.
Drug maker, Ranbaxy Laboratories registered worst ever performance for the quarter ended September 30, 2008. The company suffered a loss of Rs 394.5 crore for the reporting quarter.
It had made a profit of Rs 207 crore in the corresponding quarter last year. Ranbaxy is already acquired by Japanese major Daiichi Sankyo. It is facing tough time in the US and US food department had already banned entry of its 30 drugs.
Contrary to Wall Street's expectations, the global economic downtown has impacted Disney Co.'s quarterly results, harder and faster than expected. Experiencing a sharp decline in hotel bookings and low revenue returns from network advertising, Disney's shares slid 9%, recovering a little after executives stimulated bookings by announcing hotel discounts, during the first half of 2009. 
Munich - German luxury carmaker BMW said Tuesday that it was lowering its profits forecast for 2009, following disappointing third-quarter results.
Oslo - Norwegian energy giant Statoil Hydro's third-quarter net income fell 57 per cent, the group said Monday, citing a stronger US dollar rate that pushed up tax rates.
The Indian Oil Company (IOC) has incurred a loss of Rs 7,047 crore in the second quarter ending Sept 30.The loss is believed to be more than Rs 6,963 crore that the company made in 2007-08.
The net profit of Auto major Tata Motors declined 34 percent in the July-September period. Its net profit stands at Rs 346 crore which was Rs 526 crore last year. The company has to pay for high input cost, high interest rates and world financial crisis. The sale of auto major increased 7% to Rs 7029 crore in the same period. But its operating margin fell to 8.13% which was earlier 9.2%.
Drug maker, Ranbaxy Laboratories registered worst ever performance for the quarter ended September 30, 2008. The company suffered a loss of Rs 394.5 crore for the reporting quarter. 
