Jones Apparel Narrows Loss
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The owner of the Nine West and Jones New York brands posted a smaller fourth-quarter net loss of $89.8 million as the absence of a large charge offset the impact of a weak selling season.
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Warner Music Group reported a narrower loss Monday, crediting a restructuring effort that cut costs.
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NEW YORK  - Mid-priced clothing retailer and maker Jones Apparel Group Inc.  said on Thursday it was buying Barneys New York Inc.  in a deal worth $400 million as a move to expand into luxury apparel retailing.
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The maker of fiber optic networking gear said it had sharply narrowed its fourth-quarter loss, but its sales forecast fell short of Wall Street estimates.
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The Times newspaper reports that Littlewoods Shop Direct Group has reduced its losses after selling its high street stores.  Pre-tax losses improved to GBP17.3 million in the year to April 2006, compared to a GBP55.5 million loss in the year to April 2005.
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Dillard's Inc. (DDS.N) on Wednesday reported a narrower quarterly loss as the department store operator cut costs.
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YESTERDAY Close $32.94 Change +$0.63 52-WEEK High $45.38 Low $25.61 Biotechnology company Vertex Pharmaceuticals Inc. said its loss widened in the third quarter, as it invested more in its hepatitis C drug candidate and relied less on collaborative funding.
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Jones Apparel Group Inc.  is near a deal to sell the Barneys New York department store chain for $825 million to Dubai's private equity firm Istithmar, The New York Times reported on Friday.
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HOUSTON - Oilfield services giant Halliburton Co. on Tuesday swung to a loss in the third quarter ended Sept. 30, hurt by hefty charges from discontinued operations related to the settlement of asbestos and silica claims.
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Circuit City Stores Inc. CC.N on  Friday reported a narrower quarterly loss from continuing  operations as sales of higher-margin warranties and improved  distribution helped offset weak merchandise sales.
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Shares of Jones Apparel Group Inc.   rose 4.8 percent on Friday after a media report said  private equity firms Bain Capital, Texas Pacific Group and The  Blackstone Group are the lead bidders for the shoe and apparel  maker.
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Dillard's Inc. DDS.N on Wednesday  reported a narrower quarterly loss as the department store  operator cut costs.
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By Marc Silvestrini, Waterbury Republican-American, Conn.  Feb. 13--Chemtura Corp. on Monday reported a wider net loss for the  fourth quarter, but a narrower loss for the fiscal year.
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Mid-priced clothing retailer and maker  Jones Apparel Group Inc. JNY.N said on Thursday it was buying  Barneys New York Inc. BNNY.OB in a $400 million deal to boost  its retail business and move into luxury apparel.
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The apparel retailer reports higher sales and profits but lower comps.
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NEW YORK -- In its first foray into the luxury market, shoe and clothing marketer Jones Apparel Group Inc. is buying upscale clothier Barneys New York Inc. for $294 million in cash.
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WILMINGTON, Del. -- Chemical company Hercules Inc. posted a third-quarter loss, weighed down by a charge, and said it will restate results for certain quarters after it reviewed its accounting practices.