Tower Auto Sees Wider Loss, Shares Fall
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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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Chip maker Tripath Technology Inc. on Friday said its third-quarter loss will be wider than expected on lower revenue due to an inventory charge, and said it may restate revenue for the second quarter.
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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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Nissan Motor Co. shares opened down 7.3 percent on Monday, knocking $4.1 billion off its market value, after the carmaker warned before the weekend that it would miss its original profit forecasts by a wide margin.
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Ford Motor Co  on Thursday posted a narrower fourth-quarter loss after cutting costs and boosting margins on vehicles and said it would offer broad buyouts to union workers in the United States.
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Wall Street was expected to open lower  on growing fears rocketing oil prices will crimp corporate  profit growth, with General Motors Corp.'s GM.N under  pressure on a report orders may slip.
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Delphi Corp. on Tuesday warned that its  third-quarter loss would be wider than expected, the latest  auto parts supplier to say motor vehicle production cuts and  high raw materials costs would hurt results.
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U.S. stock futures slipped on Tuesday as disappointing results from Dow component Home Depot Inc.  overshadowed news of several major deals, including Sirius Satellite Radio's  plan to buy rival XM Satellite Radio  for $4.6 billion.
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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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WASHINGTON -- XM Satellite Radio Holdings Inc. said Thursday its third-quarter loss widened as sales through retail channels slowed ahead of its planned acquisition by smaller rival Sirius Satellite Radio Inc.
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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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Sirius Satellite Radio Inc. on  Wednesday posted a wider quarterly loss and said 2005 sales  would fall short of analysts' average targets.
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Shares of home builder Hovnanian  Enterprises Inc  tumbled on Wednesday after the company  posted a wider-than-expected loss as the value of its land and  inventory continued to deteriorate.
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Tower Automotive Inc. , a large supplier of truck frames and body structures that has been struggling with a cash shortage, on Wednesday filed for bankruptcy protection from creditors.
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Retailer Bon-Ton Stores Inc.   reported a wider quarterly loss on Thursday as bad weather  resulted in lower-than-expected sales in April.
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Stock index futures fell further on  Wednesday as fears of more write-downs at banks worsened a mood  already soured by worries about a U.S. recession and a weak  profit outlook from Apple Inc .
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Shares of home builder Hovnanian Enterprises Inc  tumbled on Wednesday, a day after the company posted a wider-than-expected loss as the value of its land and inventory continued to deteriorate.