H&R Block increases net loss on Option One woes
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H&R Block Inc. , the nation's largest tax preparer, on Wednesday said its decision to write down the value of its Option One Mortgage business, which is up for sale, increased the company's net loss in the fiscal third quarter by $15.5 million to $60.3 million.
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KB Home , a leading U.S. home builder, posted a quarterly net loss on Tuesday as it took $343.3 million of pretax charges for abandoning land option contracts and writing down the value of inventory, a consequence of the U.S. housing market downturn.
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NEW YORK -- An income tax benefit narrowed Computer Associates International Inc&#39;s loss dramatically in the second quarter. The company reported Wednesday a net loss of $96 million, or 16 cents per share, but
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H&R Block Inc. , the largest  U.S. income tax preparer, reported a quarterly net loss on  Thursday, weighed down by the subprime mortgage unit it has put  up for sale, but revenue from its tax and banking businesses  rose sharply.
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H&R Block Inc , the largest  U.S. tax preparer, said it was trying to renegotiate the sale  of its Option One Mortgage Corp unit and would get out subprime  lending after its quarterly loss more than doubled.
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OSI Pharmaceuticals Inc. on Monday posted a wider loss for the year ended Sept. 30, hurt by greater research and development costs and one-time charges during the period.
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H&R Block Inc.  shares rose as much as 5.4 percent after a UBS Investment Research analyst upgraded the largest U.S. tax preparer, and said it could be acquired by a buyout firm after it sells its money-losing subprime mortgage unit business.
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H&R Block Inc , the largest U.S. tax preparer, said on Thursday that its quarterly loss had more than doubled and that it had begun discussions with Cerberus Capital Management to modify the sale of its Option One Mortgage Corp. subprime mortgage unit.
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Goldman Sachs Group Inc. eked out a 1 percent increase in quarterly profit on Thursday as a sharp drop in fixed income trading revenue offset record investment banking fees and strong equities income.
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Capital One Financial Corp , a  credit card issuer and banking company, posted a third quarter  net loss, hurt by charges from shuttering its GreenPoint  Mortgage business.
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Stocks added to losses on Monday, with the Nasdaq briefly falling more than 1 percent, hit by losses in large technology companies, including Microsoft Corp. , in the last trading session of the year.
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The home builder KB Home posted a smaller-than-expected quarterly loss yesterday, sending its shares up, after taking a $343.3 million noncash charge for declining land values.
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H&R Block Inc. , the largest U.S. tax preparer, on Thursday said its quarterly loss nearly doubled, and was larger than analysts expected, as the struggles of its mortgage lending arm worsened.
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Stock index futures extended losses on  Wednesday after government data showed a larger-than-expected  rise in unit labor costs in the first quarter, adding to  concerns about inflation and the outlook for interest rates.
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A day after H&amp;R Block Inc. (HRB.N: Quote, Profile, Research) reported its first-quarter loss some analysts wondered if the largest US tax preparation firm would consider selling its brokerage business.
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H&R Block Inc.'s HRB.N financial  advisers unit misrepresented the risks of $16.4 million in  bonds from Enron Corp ENRNQ.PK before the energy trader sank  into bankruptcy, the NASD said in a civil fraud complaint  seeking restitution for more than 800 investors.
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- H&R Block Inc., the largest U.S. tax preparer, said its quarterly net income from continuing operations rose 9 percent, helped by a strong performance at its consumer financial services division.