Borders Posts Third Quarter Loss
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Book retailer Borders Group Inc.  BGP.N on Tuesday posted a quarterly loss versus a year-ago  profit due to sluggish store traffic and a slowdown in sales of  bestsellers.
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HOUSTON, OCTOBER26: Hallburton Co. swung to a loss in the third quarter due to $230 million in charges to pay for a settlement of asbestos claims.
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TORONTO (CP) - Kinross Gold Corp. is restating its third-quarter financial report, issued less than three weeks ago, to show a loss of $133.
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After some autumnal disappointments, Borders' fourth quarter looks better.
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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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Reported profit of $44 million for third quarter over a loss of $31 million a year ago and predicts 10% increase in sales for the 4th quarter.
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Northwest Airlines lost $38 million in the third quarter, but the loss was significantly less than many analysts predicted and far less than the red ink spilling from some other major airlines.
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Sprint Corp. FON.N on Tuesday  reported a wider third-quarter loss due to a writedown in the  value of its long-distance business.
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United Airlines parent UAL Corp. suffered a loss of $274 million for the third quarter of this year, a smaller hit than it took in the same period of last year, when it lost $367 million.
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Nortel Networks Corp., which is restating results back to 1999, said it had a third-quarter loss of 6 cents a share because of expenses related to job cuts and a wireless contract in India.
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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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New data shows third-quarter slowdown in euro-zone growth
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Losses are growing for the book retailer Borders Group Inc. as it faces a difficult sales environment and a shortage of exciting new releases.
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Sprint Corp., the third-biggest US long-distance carrier, had a third-quarter loss of $1.91 billion on costs to write down the value of its telephone network as it shifts to reliance
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Borders Group Inc. , the No. 2 U.S. bookseller, on Wednesday revised its profit forecasts for the 2004 and 2005 fiscal years to reflect a charge related to accounting practices on leases.
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Delta Air Lines said today that it expected to lose as much as $675 million for the third quarter.
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Amid continuing problems with the release of its financial statements, Nortel Networks yesterday reported a loss for this year's third quarter but said it expects improvements in fourth-quarter revenue.