The world''s second-largest credit rating company added that the decline is expected to continue in 2008. Fourth-quarter net income dropped to $127.3 million, or 49 cents a share, from $278.6 million, or 97 cents, a year ago. Net income included expenses of $47.8 million, or 11 cents per share, for restructuring including the 275 job cuts in an effort to solve the weaker demand. Excluding charges, operating profit dropped 14% to $259.9 million, or 60 cents a share. |
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