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| | E-Commerce News: News: Schwab Ousts CEO in Face of Sagging Profits |
 | | In the same statement, the San Francisco, California, company also reported that its net income for the quarter ended June 30th was US$113 million, down about 10 percent, or $13 million, from the same quarter last year and down $48 million from the first quarter of 2004. |
 | | For the first half of 2004, the company's net income was $274 million, compared with $197 million earned during the same period in 2003, the company said in its statement. |
 | | In the statement, Schwab reported net income of $113 million, or 8 cents per diluted share, compared with $126 million, or 9 cents per share, in the same period a year ago. |
| www.ecommercetimes.com /story/news/35213.html (779 words) |
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