Finance Style - Financial News & Articles Summary » loss

Borders PostsWider Loss on Charges, Sliding Sales and Sluggish Inventory

admin — Wed, 27 May 2009 10:29:59 +0000

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 makes smaller loss

admin — Thu, 21 May 2009 17:10:52 +0000

Barnes & Noble posts a smaller-than-expected first-quarter loss of $2.1m (£1.4m) due to stronger sales, better margins and cost controls.

Buffett’s investment fund in loss

admin — Sun, 10 May 2009 19:55:14 +0000

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.

AUTOMAKER OUT $6 BILLION IN 1Q GM loss shows risk of drawn-out …

admin — Sat, 09 May 2009 21:55:11 +0000

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 …

Berkshire Posts First Loss Since 2001

admin — Sat, 09 May 2009 21:42:59 +0000

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 …

Toyota Posts an Annual Loss

admin — Sat, 09 May 2009 21:38:57 +0000

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 …

GM posts loss; burns through $10 billion

admin — Thu, 07 May 2009 22:10:21 +0000

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 …

US Markets Wrap: S&P 500 Erases 2009 Loss as Copper, Oil Gain

admin — Mon, 04 May 2009 21:59:12 +0000

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 …

D.R. Horton posts narrower quarterly loss

admin — Mon, 04 May 2009 21:46:50 +0000

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.

Goodyear swings to loss as global demand dries up

admin — Wed, 29 Apr 2009 18:30:51 +0000

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 …