UPS reports loss on pension charge
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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 U.K. government department responsible for collecting taxes and other services, has admitted losing the personal details of more than 6,500 people who file pension claims.
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For the period that ended Dec. 31, the company reported a loss of $16 million, or 11 cents a share, in contrast to a profit of $18 million, or 12 cents a share, in the period a year earlier.
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Barnes & Noble Inc. , the  world&#39;s largest book retailer, on Thursday posted a  first-quarter loss, citing charges stemming from the closure of  its Internet distribution center and an investigation of its  stock option granting practices.
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Hamburger chain Wendy's  International Inc. WEN.N on Wednesday reported a quarterly  loss after taking a $190 million charge for its struggling Baja  Fresh chain.
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The credit card issuer took a $391 million charge because of its struggling card business in Great Britain and reported a net loss of $84.1 million.
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Taking responsibility. The Pension Benefit Guaranty Corp. moved Thursday to take on the pensions of United Airlines pilots. The US federal agency is already groaning under a $23 billion deficit, and the PBGC
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The Airbus superjumbo program suffered a major new setback Friday as UPS Inc. said it would cancel its order for 10 A380s, leaving the aircraft maker with an empty order book for the cargo version of its much-delayed flagship.
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Bankrupt UAL Corp. UALAQ.OB, parent  of United Airlines, on Thursday reported a net loss of $56  million for August, including $11 million in reorganization  expenses.
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The company reported a $1.63 billion loss in the fourth quarter as whopping charges for its Vioxx litigation settlement and other items dragged down results.
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LONDON : Just two years ago it was losing over one million pounds (1.4 million euros, 1.9 million dollars) every day. Now, after slashing over 30,000 jobs, raising postage prices and ending twice-a-day deliveries
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U.S. pension insurers assumed  control of underfunded retirement plans covering more than  51,000 workers and retirees at bankrupt US Airways UAIRQ.OB,  a drastic money saving step the airline claimed was necessary  for it to survive, the government said on Wednesday.
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Business & money: Building society damaged by the sub-prime mortgage crisis in the US and other one-off charges
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United Airlines&#39; parent company posted a $274 million third-quarter loss and reiterated its need to slash labor costs. The company said that in the fourth quarter it may not be able to comply with a covenant
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CNF Inc. said Monday it swung to a loss in the third quarter as the result of a charge related to the planned sale of its Menlo Worldwide Forwarding unit.
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United Airlines ran a summer quarter net loss of $274 million on an operating loss of $80 million. Revenues were 7 percent higher than summer of last year but jet fuel costs were up 60 percent.
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With its cash reserves dwindling and losses continuing to mount, The SCO Group Inc. is taking measures to cut its expenses and ensure it will have enough cash to process its lawsuit with IBM Corp, the company announced during its quarterly earnings conference call Tuesday. SCO reported a loss of $7.4 million on revenue of $11.2 million for the third quarter - a loss that was affected by the $7.2 million in legal expenses the company incurred during the quarter, which ended July 31.