OfficeMax & Siemens
Officemax, #3 US office supply retailer turned a profit +8.2% as international sales gained 15% on a weaker dollar,
but revenue fell 5.5% as US consumer retail and business sales both fell 5.5%,
while earnings plunged 55% amid a 8.7% decline in same store sales.
Siemens, Europe's largest engineering company, reported a 68% drop in Q2 profit despite orders increasing 12%.
CEO Peter Loescher: "We expect the consequences of the crisis in the finance sector to be felt in other sectors in the course of next fiscal year.
We already see first signs of greater cautiousness on the part of customers in our standard products business here in Germany."
but revenue fell 5.5% as US consumer retail and business sales both fell 5.5%,
while earnings plunged 55% amid a 8.7% decline in same store sales.
Siemens, Europe's largest engineering company, reported a 68% drop in Q2 profit despite orders increasing 12%.
CEO Peter Loescher: "We expect the consequences of the crisis in the finance sector to be felt in other sectors in the course of next fiscal year.
We already see first signs of greater cautiousness on the part of customers in our standard products business here in Germany."
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