Tower Automotive expects larger third-quarter loss
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NEW YORK (Dow Jones/AP) -- Shares of Tower Automotive Inc. slid Tuesday, after the company said it now expects an even larger loss for the third quarter.
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The homebuilder reported a third-quarter loss of $513.9 million, hurt by falling home prices and hefty charges to write down land values.
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The troubled Japanese carmaker says its losses for the last three quarters of 2004 more than doubled, as it continues to be affected by a defects scandal.
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American Airlines&#39; parent AMR Corp. (AMR.N: Quote, Profile, Research) on Wednesday posted a third-quarter loss as record-high oil prices battered its bottom line and threatened to make fourth-quarter losses even larger.
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ATLANTA - Delta Air Lines is reporting a much wider third-quarter loss despite a rise in revenue. The Atlanta-based airline warned Wednesday that its financial situation has worsened to the point that it needs
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Auto parts maker Tower Automotive Inc. (TWR.N: Quote, Profile, Research) said on Tuesday its third-quarter loss would be twice as deep as previously expected because of lower vehicle production in North America and higher steel costs.
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NEW YORK (Dow Jones/AP) -- Sirius Satellite Radio Inc. on Wednesday said it posted a wider loss for the third quarter from a year earlier, as higher expenses -- particularly for National Football League programming -- more than offset a surge in revenue.
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Top automaker reports biggest annual loss in car-making history.
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Chrysler Group Chief Executive Tom  LaSorda said on Saturday the No. 3 U.S. automaker was mending  strained relations with its dealers after an inventory crisis  that pushed it into a $1.5 billion third-quarter loss.
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Auto parts maker Delphi Corp. on Tuesday warned of a greater-than-expected third-quarter loss because of higher commodity prices and charges from cost-cutting measures and restructuring.
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General Motors Corp. reported the largest annual loss for an automotive company Tuesday and said it is making a new round of buyback offers to US hourly workers as it struggles to turn around its North American business amid a weak economy
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Automaker Daimler AG, which sold off most of its stake in Chrysler this year, posted a loss of $2.18 billion for the third quarter on Thursday, largely because of write-offs related to the deal.
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Knight Trading Group Inc., an equities trading company serving institutional and broker-dealer clients, said Wednesday that it will report a third-quarter operating loss of 1 cent to 4 cents per share due to poor performance in its
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JDS Uniphase Inc.   on Tuesday said it expects to post a wider quarterly loss than previously projected, citing factors including a revenue decline from a major customer for consumer optics and display products.
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Auto parts maker Tower Automotive Inc.  TWR.N said on Tuesday its third-quarter loss would be twice  as deep as previously expected because of lower vehicle  production in North America and higher steel costs.
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Reported profit of $44 million for third quarter over a loss of $31 million a year ago and predicts 10% increase in sales for the 4th quarter.
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Japanâs third-largest automaker blamed rising commodity costs and slower sales for the worse-than-expected results.