GMAC Posts $724 Million Loss
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Hurt by the housing slump, the home mortgage lender said  it lost $724 million in the fourth quarter.
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The nationâs largest homebuilder posted a first-quarter loss of $128.8 million on charges to write off inventory and land values amid the continuing housing slump.
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The carrier said it was hampered by high fuel prices in the fourth quarter but was able to post a narrower loss, $70 million compared to a loss of $1.98 billion a year earlier,  on a solid increase in sales.
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LOS ANGELES (Dow Jones)--Gemstar-TV Guide International Inc. (GMST) posted a sharply wider third-quarter loss weighed down by a large impairment charge related to its TV Guide business.
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Circuit City Stores Inc., the No. 2 US electronics chain, said its second-quarter loss narrowed to $11.9 million as the company sold more plasma-screen televisions and benefited from the acquisition of a Canadian retailer.
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The loss, which came to $3.41 a share, was in contrast to a profit of $45.4 million, or 97 cents a share, in the quarter a year earlier.
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The chip maker reported a larger-than-expected loss but showed progress in curbing its expenses and capturing a share of strong demand for personal computers.
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â¢ Group 1 Automotive reported a net loss of $9.6 million for the third quarter, which ended Sept. 30. The results include a charge of $29.
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Bond insurer Ambac Financial Group Inc  on Tuesday reported a quarterly loss of $3.3 billion after credit derivative losses totaling $5.2 billion.
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AT&amp;T Corp. (TN: Quote, Profile, Research) , the No. 3 US telephone company, on Thursday reported a $7.1 billion third-quarter loss due to $12.
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Advanced Micro Devices Inc , the world's second-largest maker of computer microprocessors, on Thursday posted a wider quarterly net loss due to a $1.68 billion charge related to its purchase of graphics chipmaker ATI.
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Freddie Mac, the No. 2 U.S. mortgage finance company, on Thursday reported an unexpected net loss of $211 million for the first quarter, citing a souring outlook for mortgage credit risk that widened credit spreads.
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U.S. auto parts maker Delphi Corp  said on Friday it posted a $964 million net loss for December as it continued its effort to emerge from bankruptcy by the end of March.
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General Motors Corp on Tuesday posted a quarterly loss reflecting a slump in its North American market and losses at former finance subsidiary GMAC.
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Advanced Micro Devices , the world's second-largest maker of computer microprocessors, posted a wider quarterly net loss on Thursday due to a $1.68 billion charge related to its purchase of graphics chipmaker ATI.
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Chip maker Advanced Micro Devices Inc.  on Tuesday reported a quarterly loss from a year-earlier profit following a reduced forecast it gave last week.
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The company posted a wider-than-expected fourth-quarter loss, burdened by a 35 percent jump in its fuel bill.