Adelphia Posts Large Losses
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Cable operator Adelphia Communications Corp.  on Thursday reported billions of dollars in losses over a three-year period in its first annual audited financial statements since 2000, a step key to its emergence from bankruptcy and toward a potential sale.
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For the period that ended Dec. 31, the company reported a loss of $16 million, or 11 cents a share, in contrast to a profit of $18 million, or 12 cents a share, in the period a year earlier.
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MCI Inc.'s MCIP.O quarterly loss  ballooned to $3.4 billion as the No. 2 U.S. long-distance  company wrote down the value of its assets due to a price war  in long-distance services, MCI said on Thursday.
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EBay reports a $936m loss due to its admission that it paid too much to buy internet phone firm Skype.
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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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Contentious settlement talks among  creditors of the bankrupt cable operator Adelphia  Communications Corp.  are showing signs of progress,  the Wall Street Journal reported on Friday, citing sources  familiar with the talks.
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KB Home announces large loss, and an industry trade group releases data that show falling home sales.
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Alcatel-Lucent finished its first full year as a merged company with a net loss of 3.52 billion euros and sales of 17.79 billion euros, a 2.5 percent drop.
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Amaranth Advisors LLC, the hedge fund firm that stumbled over massive wrong bets on natural gas futures, said late Wednesday that its losses had climbed to more than $6 billion, or 65 percent of the assets it claimed at the end of August.
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Cable operator Adelphia Communications  Corp. ADELQ.PK on Thursday reported billions of dollars in  losses over a three-year period in its first audited financial  statements since 2000, a step seen as key to its emergence from  bankruptcy and potential sale.
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Vivendi Universal revealed on Tuesday the  full impact of selling most of its entertainment business, as  impairment charges incurred from the deal were largely behind a  nearly trebled first-half net loss of 1.86 billion euros ($2.28  billion.).
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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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IT services provider Electronic Data Systems yesterday reported a net loss of $153 million for the third quarter, with earnings hit in part by an asset impairment charge of $375 million connected with EDS's N/MCI project.
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The business racked up nearly &#36;1 billion in losses since 2001.
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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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Remy Cointreau reports an annual loss after a costly decision to exit a distribution alliance.
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The largest U.S. wind power company said it was hit by losses from trading in energy markets.