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.
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 …
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.
MILAN (Reuters) – Italian industrial group Fiat SpA (FIA.MI) said on Thursday it was still in talks to form a partnership with ailing US carmaker Chrysler CBS.
By Christopher Hinton, MarketWatch NEW YORK (MarketWatch) — Boeing Co. reported sharply lower first-quarter earnings on Wednesday and cut its forecast for the remainder of the year, citing global economic pressures on its commercial-aviation business.
By KATHERINE E. WEGERT Harley-Davidson Inc. posted a 37% decline in its first-quarter net income amid slumping sales at the iconic motorcycle maker and …
SINGAPORE (Dow Jones)–Asian shares were mostly higher Tuesday, with some markets reversing early falls as financial stocks found buyers after Goldman Sachs’ earnings report.