Ambac posts $3.3 billion loss
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Bond insurer Ambac Financial Group Inc  on Tuesday reported a quarterly loss of $3.3 billion after recording massive credit derivative write-downs and setting aside more money for credit losses.
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Bankrupt US Airways Group Inc.  UAIRQ.OB on Thursday reported a wider third-quarter net loss  as storms and high fuel prices hurt results.
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The company said its net loss in the fiscal third quarter ended Dec. 1 was $84.8 million, or 12 cents a share, compared with a net profit of $1.1 million.
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NEW YORK/LOS ANGELES  - Amgen Inc  reported sharply lower third-quarter profit on Wednesday on plunging sales of its most important anemia drugs, amid new insurance-coverage restrictions and ongoing safety concerns, and on restructuring charges.
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Cable operator Adelphia Communications  Corp. ADELQ.PK on Thursday reported billions of dollars in  losses over a three-year period in its first audited financial  statements since 2000, a step seen as key to its emergence from  bankruptcy and potential sale.
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NOVEMBER 04, 2004 (IDG NEWS SERVICE) - MCI Inc. reported a $3.4 billion third-quarter loss today, due mainly to a write-off of the value of its assets, as the company&#39;s efforts to recover from bankruptcy were
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The company said its quarterly loss ballooned to $302.6 million as it struggled with its mortgage lending arm and said it is trying to renegotiate the sale of the unit.
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Adelphia Communications Corp., which filed for bankruptcy court protection in June 2002, restated financial results for three years and said its loss narrowed last year to $832.6 million.
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Sprint Corp. on Tuesday reported a larger loss in its third quarter, as it wrote off $3.5 billion in value for its long-distance assets and suffered from disruptions caused by hurricanes.
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MCI (MCI), one of the nation&#39;s biggest long-distance operators, lost $3.4 billion in the third quarter because of a previously announced asset writedown of $3.
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TORONTO (CP) - Air Canada&#39;s new holding company reported a third-quarter loss of $81 million as the airline completed its restructuring under creditor protection.
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American Airlines&#39; parent AMR Corp. (AMR.N: Quote, Profile, Research) on Wednesday said record-high fuel costs pushed it to a hefty third-quarter loss and warned
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MedImmune Inc. reported a third-quarter loss Thursday, despite a $61 million, 25 percent increase in sales of its lead product, Synagis, over the same period a year ago.
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MCI has reported a $3.4bn (Â£1.8bn) third-quarter loss due mainly to a write-off of the value of its assets. The company&#39;s efforts to recover from its bankruptcy are being hampered by stiff competition in
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The drug company posts a wider Q3 loss than a year ago.
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MCI Inc. (MCIP.O: Quote, Profile, Research) 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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Charles Schwab Corp., the biggest US discount brokerage, reported Friday a third-quarter net loss versus a year-earlier profit on charges from cost cutting and losses from discontinued operations.