Take-Two to cut costs as it posts quarterly loss
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New management of Take-Two Interactive Software Inc.  said it would cut jobs and costs as the publisher of the popular "Grand Theft Auto" video games on Monday posted its sixth quarterly loss in a row.
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The smartphone maker said Tuesday that it swung to a loss in its fiscal second quarter as revenue fell and expenses rose.
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Creo Inc., a Canadian maker of imaging software, said Wednesday that it swung to a loss in the fiscal fourth quarter as the cost of entering the digital plate business and the strength of the Canadian dollar offset higher revenue.
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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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Take-Two investors that may have been looking for some good news got it late Monday as the company reported a narrower-than-expected loss.
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Take-Two Interactive Software Inc  said on Tuesday it cut its quarterly net loss in half, but the publisher of games such as "BioShock" gave an outlook that fell short of Wall Street expectations, and its shares fell 4 percent.
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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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The company said it expects to post its second quarterly loss in more than 50 years because of a hefty one-time charge.
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Blockbuster Inc. BBI.N on Wednesday  posted a $1.42 billion quarterly loss due to a charge, while  profit from its operations slid due to higher marketing costs,  falling rental demand and escalating competition.
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Quarterly losses narrowed to $59 million, or 16 cents per share, from $139 million, or 43 cents per share, a year ago. Excluding about $63 million in restructuring, transformation and integration costs, the
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Cyberonics Inc., a maker of medical devices to treat neurological disorders, said Wednesday that it swung to a loss in the fiscal second quarter as it struggled to regroup following regulators&#39; rejection of a depression treatment.
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The discount brokerage posted a larger-than-expected quarterly loss after a $2.2 billion charge related to the sale of its asset-backed securities portfolio.
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Quality Distribution is hammered after reporting a large loss for the second quarter.
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By Evening Standard, London  Jan. 31--Electronics giant Sony is heading for a $2 billion (Â£1.01  billion) loss in its video games division after the surprise success of rival  Nintendo's Wii console.
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Qwest Communications International  Inc. Q.N on Tuesday reported a smaller quarterly loss as it  cut costs in its long-distance business.
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An income tax benefit narrowed Computer Associates International Inc's loss dramatically in the second quarter.
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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.