Ambac posts $3.3 billion loss but shares surge
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Ambac Financial Group Inc  on Tuesday reported a quarterly loss of $3.3 billion after recording massive credit derivative write-downs but its shares surged after the bond insurer said it could be close to raising much-needed new capital.
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MedImmune Inc. reported a third-quarter loss yesterday, despite $61 million in sales of its lead product, Synagis, a 25 percent increase over the same period a year ago.
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Already battered airline stocks took a further beating Thursday following a gloomy outlook from the head of American Airlines (AMR) and reports of disappointing August revenue industrywide.
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AMR Corp  shares fell over 14 percent on Monday, its biggest one-day loss in more than four years, after the parent of American Airlines issued a disappointing revenue forecast, stoking concerns of slowing demand and rising costs.
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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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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 safety concerns, and on restructuring charges.
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The company posted a wider-than-expected fourth-quarter loss, burdened by a 35 percent jump in its fuel bill.
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Michael A. Callen will succeed Robert J. Genader as chief executive of the Ambac Financial Group, after the bond insurer cut its dividend 67 percent.
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Advanced Micro Devices 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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Advanced Micro Devices Inc. (AMD.N: Quote, Profile, Research) on Thursday reported a $44 million third-quarter profit from a loss a year earlier, and predicted
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Capital markets losses offset solid revenue growth in most businesses at the bank, which posted net income of $3.7 billion.
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Nobody was expecting good news to come out of Marsh &amp; McLennan (MMC ) when it announced third-quarter earnings on Nov. 9. After all, the world&#39;s largest insurance broker has lost its chief executive -- and
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American Airlines parent AMR Corp.  on Wednesday reported a wider quarterly loss from a year ago as record-high fuel prices and stiff ticket-price competition stung the bottom line.
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A quarterly profit of $3.2 billion was driven by increased trading volume and merger activity.
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MCI Inc. yesterday reported a loss of $3.4 billion during its third quarter, reflecting its recent decision to write down the value of its telecommunications network.
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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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Business & money: 9.30am: Shares in the bank jumped almost 3% after recommendation.