Dollar Financial posts 4Q loss, annual profit drops 97 percent as it closes 114 storesAugust 28th, 2009 Dollar Financial posts 4Q loss, annual profit dropBERWYN, Penn. — Dollar Financial Corp.
Cost Plus predicts a wider loss in third quarter than a year earlier as sales declineAugust 27th, 2009 Cost Plus expects loss third-quarter loss to widenOAKLAND, Calif. — Specialty home retailer Cost Plus Inc.
IKB Deutsche Industriebank posts €19 million Q1 net profit; loan loss provisions increaseAugust 24th, 2009 German bank IKB posts €19 million Q1 net profitFRANKFURT — German lender IKB Deutsche Industriebank AG said Monday it returned to a net profit in its fiscal first quarter after booking big financial write-downs last year, though its loan loss provisions more than doubled during the beginning of its 2009 financial year. The Duesseldorf-based bank said its profit of €19.4 million ($28 million) in its April-June fiscal first quarter compared with a net loss of €517 million in the year-ago period.
Mizuho books loss on stock plunge, looks for profit for full year on economic reboundJuly 31st, 2009 Mizuho books loss on stock plungeTOKYO — Major Japanese bank Mizuho Financial Group reported Friday a 4.49 billion yen ($47.3 million) loss for the fiscal first quarter, battered by the fallout from the global slowdown. Tokyo-based Mizuho had posted a 133.0 billion yen profit the same period the previous year.
Japan's top bank posts better-than-expected profit, but its rival Mizuho stays in the redJuly 31st, 2009 Japan's top bank posts better-than-expected profitTOKYO — Japan's biggest bank Mitsubishi UFJ Financial Group Inc. posted a jump in quarterly profit, driven by a stock market rally, while its rival Mizuho stayed in the red on mounting derivative losses and bad loans.
Mizuho stays in the red as bad loans swell, derivatives trading produces lossesJuly 31st, 2009 Mizuho books loss as bad loans swellTOKYO — Major Japanese bank Mizuho Financial Group stayed in the red last quarter, posting a 4.49 billion yen ($47.3 million) loss as derivatives trading soured and bad loans surged. Tokyo-based Mizuho said Friday it was on track to return to profit this fiscal year after booking its first annual loss in four years the previous fiscal year.
Japanese bank Mizuho stays in the red as bad loans swell, derivatives trading produces lossesJuly 31st, 2009 Japanese bank Mizuho books loss as bad loans swellTOKYO — Major Japanese bank Mizuho Financial Group stayed in the red last quarter, posting a 4.49 billion yen ($47.3 million) loss as derivatives trading soured and bad loans surged. Tokyo-based Mizuho said Friday it was on track to return to profit this fiscal year after booking its first annual loss in four years the previous fiscal year.
Mizuho Financial to raise up to $7.2 billion from new share offeringJuly 1st, 2009 Mizuho to raise up to $7.2 bln from share offerTOKYO — Mizuho Financial Group Inc., Japan's third-biggest bank by market value, will raise up to 693 billion yen ($7.2 billion) from selling new shares to repair its balance sheet after suffering big losses last fiscal year. Mizuho said Wednesday it is offering 2.8 billion of common stock with an over-allotment option of almost 200 million shares.
Daiwa Securities falls 12 percent after announcing public share offeringJune 29th, 2009 Daiwa Securities tumbles on share offering newsTOKYO — Shares of Daiwa Securities Group Inc., Japan's second-biggest securities company, plunged more than 12 percent Monday after the company announced plans to raise about 240 billion yen ($2.5 billion) in a public share offering
The news stunned investors who worried that the offering would dilute the value of existing shares. The Tokyo-based brokerage said after market close Friday that it will issue up to 345 million new shares from July 15 to July 21.
Japan's NEC plunges to $3 billion annual loss, but sees modest profit this yearMay 12th, 2009 NEC reports $3 bln loss, but sees profit this yearTOKYO — Japanese electronics giant NEC Corp. said Tuesday it fell into the red last fiscal year because of business restructuring costs and stock losses from the economic downturn.
Report: Japan's Shinsei and Aozora Banks to begin merger steps next summerMay 11th, 2009 Report: Shinsei and Aozora Banks to mergeTOKYO — Japan's Shinsei Bank Ltd. and Aozora Bank Ltd.
Japan's Hitachi expects bigger loss on tax refund change as global slump squelches demandMay 8th, 2009 Japan's Hitachi expects bigger annual lossTOKYO — Japanese electronics maker Hitachi Ltd. said Thursday its loss for the fiscal year ended March will be bigger than its previous forecast, ballooning to 788 billion yen ($8 billion) after writing down the value of tax refunds it expects.
Japan's Sharp posts 125.8 billion yen annual loss amid economic slumpApril 27th, 2009 Sharp posts 125.8 billion yen annual lossTOKYO — Japanese electronics maker Sharp Corp. said Monday that it suffered an annual net loss of 125.8 billion yen ($1.3 billion) due to declining demand and increasing competition amid a global economic slump.
Global Investment House, Kuwait's largest investment bank, reports first ever annual lossApril 26th, 2009 Kuwaiti investment bank reports first ever lossKUWAIT CITY — Kuwait's largest investment bank, which has been struggling with debt, says it has reported its first ever annual loss. Global Investment House said Sunday its overall net loss for 2008 was 257.6 million dinars ($888.3 million) compared to a profit of 91.4 million dinars in 2007.
Top broker Nomura reports one of corporate Japan's largest-ever annual lossesApril 24th, 2009 Nomura's annual loss swells to $7.3 billionTOKYO — Nomura Holdings Inc., Japan's top brokerage, suffered one of the largest annual losses in Japanese corporate history, hit by slumping stock markets and the cost of acquiring part of collapsed investment bank Lehman Brothers. Tokyo-based Nomura said Friday its net loss for the fiscal year ended March 31 swelled to 709.4 billion yen ($7.3 billion) from 67.8 billion yen the year before.
Loading ...