International Paper Has Loss After Charge
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International Paper Co. IP.N, the  world's largest forest products company, on Tuesday reported a  third-quarter loss after charges for the write-down of Canadian  assets.
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THE REGION New York Times Co.'s debt rating was cut one level to BBB, the second-lowest investment grade, by Standard &amp; Poor's, which cited falling advertising sales and the broader newspaper industry decline. The short-term corporate credit and commercial paper ratings for the New York publisher were also lowered, S&amp;P said. Total advertising revenue fell 8.5 percent to $157.3 million ...
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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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By Urvaksh Karkaria, The Florida Times-Union, Jacksonville  Dec. 20--International Paper said Tuesday it will sell its  Jacksonville-based Arizona Chemical business to Rhone Capital III L.P. for  $485 million, as the paper maker focuses on its uncoated paper and packaging  businesses.
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Stora Enso, the worldâs largest paper maker, left, wrote down the value of its assets by $1.36 billion because of higher wood costs and a deteriorating outlook for magazine papers.
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FuelCell Energy reports a better-than-expected quarterly loss.
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International Paper Co. on Tuesday said higher prices drove a 13 percent increase in third-quarter operating profit, but the company fell to a loss after taking charges from selling off its Weldwood of Canada Ltd.
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The company will take a $275 million fourth-quarter charge as more cardholders fail to repay their debts.
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Services provider Electronic Data Systems Corp. (EDS) on Monday reported a net loss of US$153 million, or $0.30 per share, for the third quarter of this year. The report had been delayed multiple times as the company grappled with accounting issues.
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Shaw Group Inc.  on Thursday  said it expects to record a loss of about $23.8 million, or 30  cents per diluted share, when it restates results for its first  fiscal quarter ended February 28, 2007.
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Wendy's International Inc. ,  the No. 3 U.S. hamburger chain, posted a second-quarter net  loss on Thursday due to charges for its evaluation of the  struggling Baja Fresh chain and restructuring costs.
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Merck and Co  on Wednesday reported a fourth-quarter loss due to a number of charges, including for a costly settlement related to its withdrawn Vioxx arthritis drug.
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The company that owns the Chicago Cubs and The Hartford Courant are battling a former newspaper carrier to get back the last of &#36;301,000 it accidentally gave to him instead of a baseball player with the same name.
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Package delivery company United Parcel Service Inc  on Wednesday reported a quarterly loss, citing a $6.1 billion charge related to transferring employees from a multi-employer pension fund.
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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 German lender declined to give more details. Earlier, the Sunday Telegraph reported that HSH Nordbank is suing Barclays for about $150 million over a loss on bonds it bought in 2000.
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No 2. US book retailer Borders Group Inc. (BGP.N: Quote, Profile, Research) on Tuesday posted a quarterly loss versus a year-ago profit, hurt by sluggish store traffic and a slowdown in sales of bestsellers.