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Profit Warnings

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  • LONDON, Oct 1- Britain's J Sainsbury cut its full-year sales forecast on Wednesday after trading fell sharply in the second quarter, dragged down by competition in a UK grocery market growing at its slowest pace for more than 20 years.

  • TOKYO, Sept 30- Japanese stocks fell to a one-week low on Tuesday as a one-two punch of weak economic data and a profit warning from Sumitomo Corp knocked out sentiment- but for the month the Nikkei posted its biggest gain since last November.

  • *Economic data, Hong Kong unrest weigh. TOKYO, Sept 30- Japanese stocks fell on Tuesday morning as a one-two punch of weak economic data and a profit warning from Sumitomo Corp depressed sentiment. Investors were already on the back foot before the start of trading as pro-democracy protests in Hong Kong dented risk appetite in global markets.

  • DEARBORN, Sept 29- Ford Motor Co has lowered its expectation for pretax profit this year to $6 billion, from its previous forecast of $7 billion to $8 billion, the automaker's chief financial officer told investors on Monday.

  • Ford shares fall as company lowers Europe outlook Monday, 29 Sep 2014 | 4:08 PM ET

    At a conference for investors, the Dearborn, Michigan- based automaker said it expects a pretax profit of around $6 billion this year, down from the $7 billion to $8 billion it previously forecast.

  • BERLIN, Sept 26- German truckmaker MAN SE has cut the profit forecast for its main division, citing falling truck demand in core European markets and the effects of the Russia- Ukraine crisis. "The problem for MAN is they're overly focused on Europe," said Hanover- based NordLB analyst Frank Schwope, noting falling demand for heavy-duty commercial vehicles.

  • MAN SE cuts profit forecast for core trucks business Friday, 26 Sep 2014 | 5:56 AM ET

    *MAN blames falling European demand, Ukraine crisis. BERLIN, Sept 26- German truckmaker MAN SE has cut the profit forecast for its main division, citing falling truck demand in core European markets and the effects of the Russia- Ukraine crisis.

  • ADB cuts growth forecast for SE Asia; China steady Wednesday, 24 Sep 2014 | 10:37 PM ET

    MANILA, Philippines— The Asian Development Bank trimmed its economic growth forecast for Southeast Asia this year and next due to slower domestic demand in some of its bigger economies. Gross domestic product growth is expected to slow in Indonesia, the Philippines, Singapore, Thailand and Vietnam, but pick up in Malaysia where exports have rebounded.

  • Fonterra posts revenue jump; cuts forecast payout Tuesday, 23 Sep 2014 | 8:34 PM ET

    WELLINGTON, New Zealand— New Zealand dairy giant Fonterra posted record revenue Wednesday but signaled a tougher year ahead for farmers by cutting its projected payout to them. In a presentation Wednesday, Fonterra said the drop was caused by increased production in Europe and the U.S. coupled with slowing growth in demand from China.

  • GENEVA, Sept 23- Global goods trade will grow less than hoped this year and next, and factors including regional conflicts and the Ebola outbreak are putting a quick return to stronger growth at risk, the World Trade Organization said on Tuesday.

  • GENEVA, Sept 23- World trade in goods will grow by 3.1 percent this year, much less than the 4.6 percent forecast in April this year, the World Trade Organization said on Tuesday.

  • World trade body cuts forecasts Tuesday, 23 Sep 2014 | 11:29 AM ET

    BERLIN— The World Trade Organization has sharply reduced its forecast for global trade growth this year, pointing to uneven economic growth in countries including China and the U.S.

  • GENEVA, Sept 23- Global goods trade will grow less than hoped this year and next, and factors including regional conflicts and the Ebola outbreak are putting a quick return to stronger growth at risk, the World Trade Organization said on Tuesday.

  • WTO cuts world trade growth forecasts for 2014 and 2015 Tuesday, 23 Sep 2014 | 10:33 AM ET

    GENEVA, Sept 23- World trade in goods will grow by 3.1 percent this year, much less than the 4.6 percent forecast in April this year, the World Trade Organization said on Tuesday.

  • Tesco: 'Free rein to bring in a new strategy'?     Tuesday, 23 Sep 2014 | 4:19 AM ET

    The investigation into Tesco's accounting errors points so "some failure of corporate governance", CNBC's Catherine Boyle reports.

  • Tesco in 'really tricky situation': Pro     Monday, 22 Sep 2014 | 11:00 AM ET

    Bruno Monteyne, senior analyst at Bernstein, says Tesco's accounting error was not a big surprise and that the group is in a "really tricky situation".

  • US stocks open lower on weakness in China Monday, 22 Sep 2014 | 9:36 AM ET

    NEW YORK— U.S. stocks are opening lower as investors worry about some soft economic data from China and a profit warning by the British retailer Tesco. Yahoo fell 3 percent, the most in the S&P 500.. Sigma-Aldrich rose the most, 34 percent.

  • TriMas lowers full-year adj. profit forecast Monday, 22 Sep 2014 | 8:37 AM ET

    BLOOMFIELD HILLS, Mich.— TriMas is cutting its full-year adjusted earnings forecast partly due to ongoing softness in its energy and aerospace businesses.

  • Sept 18- Rite Aid Corp cut its full-year profit forecast for the second time in about three months due to lower margins in its pharmacy business, sending its shares down more than 16 percent.

  • Sept 18- Rite Aid Corp, the third-largest U.S. drugstore chain, cut its full-year profit forecast for the second time, citing lower margins in its pharmacy business, sending its shares down 11 percent in premarket trading.