Treasury says 2 investment firms have raised minimum amounts needed for toxic asset programSeptember 30th, 2009 Treasury: 2 firms can start buying toxic assetsWASHINGTON — The Treasury Department said Wednesday that two large investment funds have raised the minimum amounts needed to begin purchasing toxic assets from banks, finally launching this part of the government's financial rescue effort. Invesco Ltd.
Lennar loses $172 million in fiscal third quarter, but sees housing market improvingSeptember 21st, 2009 Lennar posts wider loss in Q3, but market improvesMIAMI — Lennar Corp. reported a wider loss in its fiscal third quarter as the homebuilder continued to write down the value of its land and unsold homes.
FDIC names first winning bidder in program to back private buys of toxic mortgage assetsSeptember 16th, 2009 FDIC names first winner in toxic asset programWASHINGTON — The Federal Deposit Insurance Corp. on Wednesday named the first winning bidder under a test of the government's program to back private purchases of toxic mortgage assets and get them off banks' balance sheets.
LTX Credence posts loss for fourth quarter, full year of fiscal 2010September 3rd, 2009 LTX Credence posts loss for 4Q of fiscal 2010WASHINGTON — LTX Credence Corp. posted a loss for its fiscal 2009 fourth-quarter and full-year results, but said the outlook for the first quarter of 2010 appears brighter.
Caterpillar sees long-term profitability under various economic scenarios; affirms outlookAugust 4th, 2009 Caterpillar sees long-term profitabilityHeavy equipment maker Caterpillar said Tuesday its cost cuts and strategic planning had positioned the company for long-term profitability whether the global economy improves or remains mired in recession. The world's largest maker of construction and mining equipment affirmed its 2009 forecast and said it expects profit of $8 to $10 per share within five years if the world economy recovers and $2.50 per share annually if the recession continues.
Lee Enterprises posts 3rd-quarter loss, ad sales plunge 24 percentJuly 30th, 2009 Lee Enterprises posts 3Q loss, ad sales plungeDAVENPORT, Iowa — Lee Enterprises Inc., publisher of the St. Louis Post-Dispatch and dozens of other newspapers, reported a $24.5 million quarterly loss Thursday, hurt by write-offs on the book value of its assets and a persistent advertising slump.
RealNetworks posts wider 2nd-quarter loss on falling sales, write-offsJuly 30th, 2009 RealNetworks posts wider 2Q loss as sales slipSEATTLE — Digital entertainment company RealNetworks Inc. posted a wider loss for the second quarter on Thursday, hit with declining revenue and write-offs on the value of its assets.
Skechers takes loss in 2nd-quarter as weak demand continuesJuly 22nd, 2009 Skechers reports 2nd-quarter lossMANHATTAN BEACH, Calif. — Footwear maker Skechers USA Inc.
Administrators for Lehman's European unit plan to return frozen assets as soon as next yearJuly 15th, 2009 Lehman administrators reveal asset return planLONDON — Administrators for the main European unit of bankrupt U.S. investment bank Lehman Brothers Holding Inc.
Jabil Circuit posts 3rd-quarter loss, hurt by charges, as sales fallJune 23rd, 2009 Jabil Circuit posts 3Q loss, hurt by chargesST. PETERSBURG, Fla.
Homebuilder Hovnanian posts $118.6 million loss in 2nd qtr and 49 percent drop in revenueJune 2nd, 2009 Hovnanian 2nd-quarter loss narrowsHovnanian Enterprises Inc. says it trimmed its fiscal second-quarter loss versus a year ago as the homebuilder slashed prices to woo reluctant buyers but had to absorb losses from the declining value of land and other assets.
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.
Playboy magazine weighs moves to stem losses; fewer issues, higher prices on the tableMay 11th, 2009 Executives weigh frequency, other cuts at PlayboyNEW YORK — Executives at Playboy's parent company are considering cutting the magazine's frequency, reducing circulation or raising prices in order to save the money-losing publication. "It is clear that this company cannot continue to sustain significant losses in a business that now comprises less than one-quarter of the company's revenue base," Jerome Kern, interim chief executive for Playboy Enterprises Inc., told analysts on a conference call Monday.
Insurance broker Marsh & McLennan posts 1Q profit, but misses expectationsMay 6th, 2009 Marsh & McLennan returns to profitability in 1QNEW YORK — Marsh & McLennan says it returned to profitability in the first quarter, rebounding from a loss a year ago when it absorbed a big write-down. But the latest results are short of Wall Street expectations.
Finnish carrier Finnair posts 1Q loss of euro19 million on 10 percent fall in revenueApril 28th, 2009 Finnair posts 1Q loss of euro19 millionHELSINKI, — Finnair PLC on Tuesday reported a first-quarter net loss of euro18.6 million ($24.4 million) as turnover fell 10 percent, and warned it expects a full-year loss. The Finnish airline said sales fell to euro516 million ($677 million) in January through March, from euro573 million a year earlier.
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