By JEFFREY A. TRACHTENBERG Borders Group Inc. reported a wider quarterly loss on a 12% decline in revenue, the latest indicator of how the recession is roiling the book industry.
Barnes & Noble posts a smaller-than-expected first-quarter loss of $2.1m (£1.4m) due to stronger sales, better margins and cost controls.
Celebrated US financier Warren Buffett has seen his investment firm report its first loss in eight years due to a badly-timed purchase of oil stocks.
BY TIM HIGGINS • FREE PRESS BUSINESS WRITER • May 8, 2009 General Motors Corp.’s dismal performance in the first three months of the year — revenues fell by half and the automaker burned through $10.2 billion in operating cash — shows why a …
Warren E. Buffett’s Berkshire Hathaway said it lost $1.53 billion in the first quarter, compared with a $940 million profit in the corresponding period a year earlier, as unrealized derivative losses and a write-down of its ConocoPhillips investment …
By HIROKO TABUCHI TOKYO – The Toyota Motor Company booked its first annual net loss in six decades Friday and warned that it would plunge even deeper into the red this year, a stunning reversal for an automaker whose breakneck expansion and record …
By Kevin Krolicki and David Bailey DETROIT (Reuters) – General Motors Corp said it burned through $10.2 billion in the first quarter as it failed to cut costs fast enough to offset a sharp decline in global sales and was kept afloat by a federal …
By Lynn Thomasson May 4 (Bloomberg) — US stocks rose, erasing the Standard & Poor’s 500 Index’s 2009 loss, after home sales beat estimates and manufacturing in China increased for the first time in nine months, boosting confidence the global recession …
NEW YORK (Reuters) – Homebuilder DR Horton Inc (DHI.N) on Monday reported a narrower second-quarter loss as charges to write-down the value of its land declined.
By Shawn Langlois, MarketWatch SAN FRANCISCO (MarketWatch) — The Goodyear Tire & Rubber Co. shares rose more than 8% in early trading Wednesday after the company said it swung to a loss that wasn’t as bad as Wall Street had feared in the face of a …