Deutsche Bank; Unilever; Starbucks
Deutsche Bank, Q2 profit -64%; $3.6 billion write down leads to 2nd straight securities unit loss.
MBS Alt-A writedown $1.5 billion. Investment bank loss of $450 million vs $2.6 billion profit; revenue -41%; sales -79%.
Unilever, worlds #2 consumer product company, Q2 profit -20%;
sales -1%; European volume -2.9%; eliminating 20K jobs; $1.5 billion increase in commodity costs...
"Due to rising input costs, US price increases can no longer compensate for falling volumes."
Starbucks, despite sales +9.1%; 1st quarterly loss ever;
-$6.7 vs +$158 million; same store sales -5% 4th straight quarterly decline. Echoing Unilever's drop in volume and margin squeeze woes.
MBS Alt-A writedown $1.5 billion. Investment bank loss of $450 million vs $2.6 billion profit; revenue -41%; sales -79%.
Unilever, worlds #2 consumer product company, Q2 profit -20%;
sales -1%; European volume -2.9%; eliminating 20K jobs; $1.5 billion increase in commodity costs...
"Due to rising input costs, US price increases can no longer compensate for falling volumes."
Starbucks, despite sales +9.1%; 1st quarterly loss ever;
-$6.7 vs +$158 million; same store sales -5% 4th straight quarterly decline. Echoing Unilever's drop in volume and margin squeeze woes.
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