Euro Disney Loss Widens As Costs Rise
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Euro Disney SCA posted a wider loss Tuesday for the 2004 fiscal year as the theme park and hotel operator resumed royalty payments to The Walt Disney Co. and incurred heavier operating costs.
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Shareholders in French theme park operator Euro Disney (EDLP.PA: Quote, Profile, Research) on Friday backed plans for a capital increase of at least 250 million euros as part of a crucial restructuring effort.
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The specialty retailer reports widening losses, but better times lay ahead.
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U.S. Treasury prices extended early  losses on Thursday after private and foreign investors showed  little interest in a sale of reopened debt.
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Europe&#39;s main stock markets faltered on Thursday following heavy losses on Wednesday triggered by an increase in eurozone interest rates, dealers said.
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European equities extended losses in morning deals on Friday in the wake of weakness shown by Asian markets, dealers said.
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Consumer group complains of higher prices in U.K. than elsewhere in Europe.
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Home decor retailer Pier 1 Imports  Inc.  on Thursday posted a wider quarterly loss, citing  lower sales in June and July and higher costs.
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Euro Disney SCA, Europe&#39;s largest operator of theme parks, said its loss widened in fiscal 2004 as the company spent more on advertising and royalty payments to parent Walt Disney Co.
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Interpublic Group of Cos., the world&#39;s third-largest ad conglomerate, said Wednesday that third-quarter losses widened significantly on increased charges as well as greater salary and severance costs.
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Euro Disney, the French theme park operator, said yesterday it had won agreement from all its creditors on a modified debt restructuring plan, including a â¬250m (Â£170m) capital increase, designed to haul it back from the brink of bankruptcy.
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MCI Inc.&#39;s quarterly loss ballooned to $3.4 billion as the No. 2 US long-distance company wrote down the value of its assets due to a price war in long-distance services, MCI said on Thursday.
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Euro Disney wants to use part of a planned rights issue to build a gut-wrenching new "Tower of Terror" ride that could cost some 150 million euros (&#36;182.2 million), sources familiar with the situation said.
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XM Satellite Radio Holdings Inc  posted a wider quarterly loss on Thursday as higher marketing costs overshadowed a strong increase in subscriptions to its pay-radio service by car owners.
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XM Satellite Radio Holdings Inc posted  a wider quarterly loss on Thursday as higher marketing costs  overshadowed a strong increase in subscriptions to its  pay-radio service by car owners.
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Department store operator Saks Inc.&#39;s second-quarter loss widened despite higher sales, as its latest quarter was hurt by a charge while the year-ago period benefited from a one-time gain.
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Fiat SpA's overall net loss widened in the third quarter, and the company's key auto unit slightly narrowed its losses, the Italian automaker said Thursday.