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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.

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 …

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.

Fiat says still in talks on Chrysler, posts loss

admin — Thu, 23 Apr 2009 15:47:54 +0000

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.

Boeing posts sharply lower earnings, cuts forecast

admin — Wed, 22 Apr 2009 17:36:10 +0000

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.

Harley-Davidson Posts 37% Drop in Net, Announces More Job Cuts

admin — Thu, 16 Apr 2009 14:47:57 +0000

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 …

Asian Shares Mostly Higher; HK Posts Strong Gains

admin — Tue, 14 Apr 2009 06:21:04 +0000

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.