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TOKYO (MarketWatch) -- Japan Tobacco on Thursday reported that its net profit dropped 48% for the fiscal year ended in March 2009 compared with a year ago. Japan Tobacco saw a net profit of 123.4 billion yen ($1.3 billion), down from a profit of 238.7 billion yen a year ago. But revenue climbed to 6.8 trillion yen from 6.41 trillion yen a year earlier. On average, analysts expected a profit of 140 billion yen for the fiscal year just ended, according to data from FactSet Research.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com f
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LONDON (MarketWatch) -- Pension and life insurance provider Swiss Life said Tuesday that its first-quarter premiums received fell 3% to 6.39 billion Swiss francs as growth in Germany and Switzerland was outweighed by a decline in France. In local currencies, premiums declined 1% against a year earlier. The group said the investment result on its insurance portfolio "developed positively" in line with expectations and its solvency ratio was 150%. The group also announced that Thomas Mueller, its chief financial and risk officer, has decided to leave the company for personal reasons. CEO Bruno
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Pfister will take over his responsibilities until a replacement can be found.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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