Blockbuster Posts Loss, COO Resigns
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Blockbuster Inc. BBI.N on Wednesday  posted a $1.42 billion quarterly loss due to large impairment  charges prompted by Viacom Inc.'s VIAb.N spin-off of the  video chain and also said its chief operating officer was  resigning.
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The broadcast companyâs loss stemmed from write-downs, breakup costs and weak advertising sales.
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DALLAS -- Blockbuster Inc. , facing new attacks from big retailers and online operators, has offered $700 million for rival Hollywood Entertainment Corp. in a bid to combine the two biggest players in the movie-rental industry.
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Blockbuster Inc., the nation's largest movie-rental chain, said Tuesday it is still interested in buying Hollywood Entertainment Corp., despite its smaller rival's agreement last week to be purchased by another competitor, Movie Gallery Inc., for about &#36;850 million.
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12/29/04- Blockbuster is stepping up the pressure in its bid to take over rival video rental chain Hollywood Video. Blockbuster says it will present its $11.50-per-share offer for Hollywood Entertainment directly
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As expected, the athletic-shoe retailer posts a loss in the first quarter.
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Blockbuster Inc.  on Tuesday said it would eliminate late fees on movies and games in the latest attempt to jump-start a rental business being hammered by competition ranging from online companies to discount retailer Wal-Mart.
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Blockbuster Inc. , the largest U.S. video rental chain, on Wednesday cut the price for its online rental service, undercutting its rivals in an escalating battle for online customers.
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Video chain Blockbuster Inc (BBI.N: Quote, Profile, Research) on Friday said it would lower the price of its online DVD rentals to undercut a similar move by Netflix Inc.
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Blockbuster, the video rental company, yesterday said it plans to eliminate late fees as the chain struggles to stem the decline in the film rental market.
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Viacom Inc. on Thursday posted a quarterly loss on charges from spinning off the Blockbuster Inc. video rental chain, but its shares rose on a larger-than-expected stock repurchase and higher cable network advertising sales.
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Blockbuster gears up for an ill-fated digital download service.
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Blockbuster Inc., the largest US video-store chain, will stop charging late fees at its company-owned stores to try to stem three consecutive quarters of declining sales and fend off a challenge for customers from Netflix Inc.
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Blockbuster stepped up its battle for customers with rival Netflix on Tuesday by adjusting its online rental prices down.
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COPENHAGEN Predicting a full-year loss, the Danish toy maker Lego said Thursday that its chief executive had resigned as the company had yet to recover from a financial crisis.
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Viacom Inc. (VIAb.N: Quote, Profile, Research) (VIA.N: Quote, Profile, Research) on Thursday posted a quarterly loss on charges related to the spinoff of video rental chain Blockbuster
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No. 1 U.S. video rental chain Blockbuster Inc.  said it lowered prices for its online movie subscription plans.