Harman International posts losses for 4Q and full year but beats Wall St. estimatesAugust 20th, 2009 Harman International posts 4Q, full-year lossesSTAMFORD, Conn. — Harman International Industries Inc.
Blackstone loss widens in 2Q on $196M acquisition chargeAugust 6th, 2009 Blackstone loss widens in 2Q on acquisition chargeNEW YORK — Private equity firm Blackstone Group LP posted a wider second-quarter loss Thursday, in part because of acquisition-related charges. For the three months ended June 30, the company lost $164.3 million, or 60 cents per share.
NEC reports quarterly loss on global slump, expects profit for full yearJuly 30th, 2009 NEC reports quarterly loss on global slumpTOKYO — NEC Corp. reported a 33.8 billion yen ($356 million) quarterly loss Thursday as the global recession and a strong yen crushed sales at all its mainstay businesses.
Singapore Airlines posts first quarterly loss since 2003 as revenue plungesJuly 30th, 2009 Singapore Airlines posts first loss since 2003SINGAPORE — Singapore Airlines Ltd. posted its first quarterly loss since 2003 as tourism dropped and travelers sought budget carriers amid a global recession.
Sharp posts $265 million loss last quarter amid weakening demand for TVs, phonesJuly 30th, 2009 Sharp posts $265 million quarterly lossTOKYO — Japanese electronics maker Sharp Corp. sank to a loss last quarter as a companywide effort to cut costs failed to offset plunging demand.
E-Trade 2Q loss widens to 22 cents, pressured by loan, investment lossesJuly 22nd, 2009 E-Trade 2Q loss widens to $143M, 22 centsDES MOINES, Iowa — Online broker E-Trade Financial Corp. on Wednesday reported a deeper second-quarter loss as loan defaults and investments continued to pressure profit.
LG Electronics says 2nd-quarter net profit soars 62 percent to record highJuly 22nd, 2009 LG Electronics says Q2 profit soars to recordSEOUL, South Korea — LG Electronics said Wednesday that second-quarter net profit soared 62 percent to an all-time high amid record sales of flat screen televisions and mobile phones. LG Electronics Inc., the world's third-largest manufacturer of mobile phones and flat screen TVs, earned 1.15 trillion won ($921 million) in the three months ended June 30, it said in a regulatory filing and a press release.
South Korea's LG Display 2nd-quarter net profit falls 60 percent as panel prices fallJuly 16th, 2009 SKorea's LG Display 2Q net profit falls 60 percentSEOUL, South Korea — LG Display Co., the world's second-largest manufacturer of thin panels used in flat screen televisions, said second-quarter net profit fell 60 percent from last year amid a decline in prices. LG Display earned 302 billion won ($237 million) in the three months ended June 30, the company said in a statement Thursday.
EU charges Philips and others for fixing the price of liquid crystal display monitorsJuly 13th, 2009 EU antitrust regulators charge LCD panel makersBRUSSELS — European Union antitrust regulators have charged Royal Philips Electronics NV and LG Display with fixing the price of liquid crystal display monitors, Philips said Monday. Philips said it would "vigorously oppose" the allegation that it was jointly liable for a cartel operated by South Korea's LG Display.
Prudential financial reports $5 million loss for 1QMay 8th, 2009 Prudential posts loss of $5 million for 1st qtrDES MOINES, Iowa — Insurance and investment company Prudential Financial Inc. on Wednesday posted its eighth consecutive quarter of losses.
Digimarc reports 1st-qtr loss after spinning off digital watermarking businessMay 4th, 2009 Digimarc reports 1Q loss after spin offBEAVERTON, Ore. — Digimarc Corp.
Japan's Sharp posts $1.3 billion annual loss as sales of TVs, gadgets slumpApril 27th, 2009 Sharp posts $1.3 bln loss as TV, gadget sales diveTOKYO — Japanese electronics maker Sharp Corp. suffered an annual net loss of 125.8 billion yen ($1.3 billion), its first yearly red ink in nearly six decades, due to declining demand and increasing competition amid a global economic slump.
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.
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.
Fifth Third Bancorp posts loss in first quarter as loan losses riseApril 23rd, 2009 Fifth Third Bancorp reports loss in 1QCINCINNATI — Fifth Third Bancorp says it posted a loss in the first quarter including preferred dividends, as rising losses on commercial loans hurt the large Midwest regional bank. The Cinncinnati-based bank said Thursday it lost $26 million, or 4 cents, per share, compared with a profit of $286 million, or 54 cents per share, a year earlier, including preferred dividends.
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