41. Costs for refitting several plants last year to prepare for new models such as the Dodge Durango and the Chysler Concorde led to the lower profit, he said. 42. DDI has also reported lower profits as a result of rate cuts and red ink from its mobile phone business. 43. D.C. Bhandari, a senior manager of the company, said the lower profit was largely because of the tax. 44. Despite an unsettled global economy, lower corporate profits and a new round of layoffs, the U.S. economy keeps creating jobs at an astonishing pace. 45. Electronics manufacturers also fell as investors worried a drop in New York stocks overnight signaled lower profits. 46. Even when they were informed that a new demand forecast showed that the cut would actually lead to lower profits, the majority still wanted to reduce the price. 47. Even with lowered interest rates, Detroit still felt the pain of lower profits, Chan notes. 48. Financial service companies in Europe have been reporting lower profits this year as slumping stock markets reduce their fees. 49. Food companies will be among those posting lower profits. 50. Forecasts of per-share earnings growth and economic growth are being shaved, and more companies are saying they expect lower profits in the second half. |