Mondavi Posts Loss After Restructuring
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The Robert Mondavi Corp. swung to a loss in its latest quarter as the wine maker recorded restructuring and sales charges. The Napa-based company on Wednesday reported a net loss of $57.
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Winemaker Robert Mondavi Corp.  MOND.O, in the process of recapitalizing by eliminating the  controlling voting rights of the Mondavi family, said on  Tuesday that Michael Mondavi had resigned as an officer and  vice chairman.
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Michael Mondavi, a director of wine  maker Robert Mondavi Corp., has resigned from the board after  his comments in the press undermined the company's efforts to  overhaul its business, the company said.
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The medical device maker reported a third-quarter loss of $272 million on charges related to acquisitions and asset sales, as the companyâs top-selling stent continued to slump.
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MILAN The Italian airline Alitalia, in a restatement Wednesday of its results for the first half of the year, almost doubled its previously reported loss to Â620 million as it set aside money to pay for a restructuring plan.
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The loss was largely due to write-offs related to Daimlerâs sale of most of its stake in Chrysler.
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The world&#39;s biggest wine conglomerate, Constellation Brands, has snapped up the iconic but struggling Robert Mondavi Corp. of Oakville for more than a billion dollars, saving Napa Valley&#39;s best-known winery
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he Mondavi family, who just a year ago gave up control of the corporation that bears its name, could be a long-shot bidder for its most famous winery.
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J&J gets dragged down by restructuring charges.
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The German maker of semiconductors said that a downturn at its Qimonda computer memory chip subsidiary pushed it to a loss in the first quarter as chip prices fell.
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MCI Inc. reported a $3.4 billion third-quarter loss on Thursday, due mainly to a write-off of the value of its assets, as the company's efforts to recover from its bankruptcy were hampered by stiff competition in the long-distance telephone service market.
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The company reported a second-quarter loss after the company cut jobs to compensate for declining sales.
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Shares of Robert Mondavi Corp. jumped nearly 10 percent Monday on news of a corporate restructuring that would reduce the Mondavi family&#39;s control in the company, a move analysts said could be a precursor to a sale of part of the business.
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MCI Inc. Thursday reported a loss of $3.4 billion during its third quarter, reflecting its recent decision to write down the value of its telecommunications network. -The Washington Post
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WASHINGTON - MCI Inc. on Thursday reported a $3.4 billion third-quarter loss as it wrote down the value of its assets due to a withering price war for long-distance telephone service.
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Winemaker Robert Mondavi Corp.  MOND.O on Monday said it expects the sale of its line of  higher-priced wines and other assets within the next year to  yield $400 million to $500 million in net after-tax proceeds.
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In the latest act of Napa Valley&#39;s continuing King Lear saga, Robert Mondavi Corp. said Tuesday it plans to sell off its luxury wine brands, including the original Robert Mondavi Winery that made the company famous.