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Revenue was down in its largest divisions and in all regions of the world.
DuPont is selling its coatings business, one of its largest divisions, as it increases its focus on food, energy and protection materials.
This is the first time that I.B.M., the world's biggest computer services company, has moved the headquarters of one of its largest divisions to China.
PepsiCo Inc. reported a 14percentt rise in net income for the first quarter yesterday, citing strength in its largest divisions, Frito-Lay and Pepsi-Cola in North America.
Wall Street analysts had been widely expecting the move since April, when Merck appointed Mr. Frazier as president, a job in which he directed the company's three largest divisions: pharmaceutical and vaccine research and development, manufacturing and supply, and sales and marketing.
It may be the most psychologically important company in the group, as well as one of the largest divisions.
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From 1971 to 1986 he was president of its largest division, pharmaceuticals.
Cash flow declined 6percentt in the company's movie studio, its largest division by revenue.
"It's a small company, and this isn't even its largest division," Mr. Seiden said.
News Corporation's largest division is its cable television unit, which includes Fox News.
The United States drove sales at 3M's industrial and transportation unit, its largest division.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com