The National Association of Realtors credits the 10% rise in single-family second-home sales since 1997 to the new ability to trade down and use profits for a second home.
The company said pretax profits in the second quarter fell 6%, to 2.1 billion pounds.
Friday, AutoNation, the nation's largest independent auto dealer, announced a 29% drop in profits for the second quarter.
Manchester United has reported a 74% rise in profits for the second half of 2012, on the back of rising revenues.
AutoNation ( AN - news - people ), the nation's largest independent auto dealer, announced a 29% drop in profits for the second quarter.
Reckitt Benckiser, a medium-sized British firm, reported a 14% increase in profits in the second quarter compared with the previous year, and an 8% increase in sales.
"Despite a difficult business environment, we achieved stable profits in the second quarter through our differentiated products and competitive technology, " said Robert Yi, Senior Vice President and Head of Investor Relations.
Wall Street is heading for lower profits for the second quarter compared to the stellar results of the first three months of this year, mostly because of a big decline in trading and other capital markets activities.
FORBES: Goldman: Bank 2Q Profits Down, "Bad But Not a Disaster"
In fact, virtually every member of this conspiracy comes away a winner because the profits at the second auction (that is, the difference between the price paid at second auction minus the price paid by the Designated Bidder at the public auction) is frequently divided among the conspirators.
Royal Dutch Shell has reported a 13% drop in second quarter profits, hit by weaker oil and North American gas prices.
Tech Data shares are trading sharply lower Tuesday after the electronics distributor posted disappointing profits for the fiscal second quarter ended July 31.
FORBES: Tech Data FY Q2 Profits Miss Estimates; Shares Take A Hit
High-performance computing hardware vendor SGI this morning said that non-GAAP profits for its fiscal second quarter ended December 28 were better than expected.
FORBES: SGI: Q2 Profits Beat; Revs Light; Sets $15M Buyback; Shrs Up
Computer Sciences Corp. shares are gaining ground Tuesday morning after the government IT services firm posted better-than-expected profits for the fiscal second quarter ended September 28.
FORBES: Computer Sciences FY Q2 EPS Crushes Street Ests; Shrs Rise
One day after a disastrous earnings report from Apple, Microsoft this afternoon reported profits for its fiscal second quarter ended December 31 that were slightly ahead of Street expectations.
FORBES: Microsoft FY Q2 EPS Edges Street Ests By A Penny; Shrs Slip (Updated)
Giuliani recognizes that our tax on business profits is now the second highest in the developed world and that encouraging risk taking by reducing the capital gains tax burden will quicken innovation.
And not without reason: Corporate profits before taxes during the second quarter were pretty flat.
Third-quarter over second-quarter profits will likely be mixed, with a slight bias to the upside.
Did you sell some stocks and take some healthy profits as we started the second quarter?
FORBES: Stocks Rally Monday Morning But Don't Rule Out Another Leg Down
Germany's Volkswagen is also trading higher on its second-quarter profits, which beat expectations.
The company met estimates with second-quarter profits of 96 cents a share ahead of the opening bell this morning.
Just a day after news broke about a major leadership change said Deutsche Bank its profits rose slightly in the second quarter.
FORBES: Net Income Inches Up At Deutsche Bank As New CEOs Are Named
Also, second-quarter profits beat analysts' expectations, and the company's guidance was upbeat.
It announced that second-quarter profits were down 41% from a year ago.
That depressing scenario looks plausible given the unexpectedly weak second-quarter profits from American Express, America's fourth-largest card issuer and the one most geared towards well-heeled consumers.
ECONOMIST: American Express reveals unexpectedly weak results
On July 25, Lithia Motors posted a whopping 40.7% rise in second-quarter profits to 76 cents per share, marking its 10th straight positive surprise since March 2010.
Second-quarter profits sank 74% as same-store sales fell 3%.
General Mills reported fiscal second-quarter profits that fell short of Wall Street estimates Tuesday, as higher input costs and expenses contributed to pressure on the bottom line for the Minnesota-based snack food company.
Having exited a period of significant investment, Magma is improving profits, presents a credible second source position to the dominant digital EDA vendor, and now offers a unique mixed-signal product bridging both markets and addressing the weaknesses of the incumbents.
This week and next banks report second-quarter profits, hoping to show investors they've escaped the harm that a meltdown in the subprime mortgage sector has inflicted on Bear Stearns (nyse: BSC - news - people ) and others in the last few months.
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