Tag Archives: natural disasters

Allstate net income drops by 55 percent in 3Q but beats expectations

Allstate Corp. (NYSE:ALL)  announced the results for its third quarter after the markets closed on Monday. The company reported a 55 percent drop in net income during the quarter as natural disasters costs the company $1.08 billion.

The insurer earned …

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Qantas Airways double profit in 2010/2011 fiscal year

Australian Airline Qantas Airways (QAN:AX) announced that it annual profit more than doubled on wednesday to 250 Australian dollars ($263 million) but warned investors that the state of the vulnerable economy may prove it difficult for the airline to produce …

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