DealBook Blog: Bear Reports Steep 4th-Quarter Loss
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The bank said it lost about $854 million, exceeding analystsâ fears about how badly it would suffer from its subprime mortgage bets.
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Morgan Stanley  on Wednesday posted a stunning fourth-quarter loss after recording a bigger-than-expected $9.4 billion of write-downs and said it sold a $5 billion stake to China Investment Corp to bolster its capital.
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Countrywide Financial Corp , the battered mortgage lender being acquired by Bank of America Corp , on Tuesday posted a fourth-quarter loss, hurt by mounting defaults in a sinking housing market.
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Company posts big loss amid a variety of problems that are "self-induced." It also expects an operating loss for the current quarter, which includes the holiday selling season.
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How should investors read the huge losses that Merrill may be taking?
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Investment bank Bear Stearns Cos. Inc.  , one of the nation&#39;s largest mortgage bond  underwriters, said on Thursday quarterly earnings fell by a  third as trouble in the mortgage market hurt bond trading  revenue and it wrote down assets.
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Brokerage announces large Q4 loss and turns to China for capital.
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The auto parts supplier reported a fourth-quarter loss of $43 million due to restructuring charges and write-downs.
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Bank of America reports a 95% fall in  fourth-quarter profits as a result of write downs and rising credit losses.
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Bear Stearns reported its first quarterly loss ever, stung by the mortgage crisis that has swept markets across the globe.
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AMD reported a heavy loss for its fourth quarter on Thursday, due mostly to charges connected to its acquisition of graphics chip maker ATI.
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Bear Stearns Cos Inc  on Thursday reported its first quarterly loss in the company's history, capping a fiscal year when the fifth-largest U.S. investment bank took a beating on bad bets on risky subprime mortgages.
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Recessionary economic reading and mixed earnings push stocks to heavy midday losses.
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Shares fall as company warns on global economy, 4Q forecast misses analysts&#39; estimates by 2 cents. CHICAGO  - Diversified manufacturer 3M Co.
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AMD reported a heavy loss for its fourth quarter on Thursday, due mostly to charges connected to its acquisition of graphics chip maker ATI.AMD reported a net loss of $1.772 billion -- greater than its revenue for the quarter, which was $1.770 billion. The figures compare to a loss in the fourth quarter last year of $576 million on revenue of $1.773 million.The net loss included charges of $1.675 billion, mostly related to&#160;AMD&#39;s acquisition of ATI in 2006. Excluding the charges, AMD said its loss would have been $97 million, greater than the $25 million it lost in the fourth quarter a year earlier.This is the fifth-straight quarterly loss for AMD, which has been struggling to get its newest processors to market on time.AMD delayed volume shipments of its quad-core Opteron processors, code-named Barcelona, in early December when it said it found a bug in the chip&#39;s Level 3 cache memory. Earlier this month,&#160;AMD said it was pushing back the release of its quad-core Phenom 9700 and 9900 processors.The company still managed to ship a record number of microprocessors in the quarter, it said on Thursday, including nearly 400,000 of its quad-core chips.
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US investment bank Bear Stearns reports its first loss after making risky bets on sub-prime mortgages.
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Merck and Co  reported a fourth-quarter loss on Wednesday on legal settlement costs and sales that disappointed investors, sending shares down 4 percent.