Kerviel's losses said to be $3.2 billion in June 2007
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Jerome Kerviel, the trader blamed by Societe Generale for heavy losses, had a trading deficit of 2.2 billion euros ($3.2 billion) as early as June last year, an adviser to his lawyer told Paris Match.
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In a speech to business and trade union leaders on Tuesday, Jacques Chirac, the French president, said that by 2007 the agency would be given up to 2bn ($2.7bn, 1.4bn) to invest in promising high-growth ...
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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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It was the third straight year that the numbers have fallen, although not nearly as much as in the previous two years. &quot;Nearly 7.4 million people reported just over $30.
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PARIS â A transcript of conversations between JÃ©rÃ´me Kerviel, the trader whom SociÃ©tÃ© GÃ©nÃ©rale says cost it nearly 5 billion euros ($7.2 billion), and a broker at one of the bankâs subsidiaries suggests that the second man had an intimate knowledge of Mr. Kervielâs surreptitious trading and that Mr. Kerviel was well aware of the gravity of his actions.
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The nationâs largest mortgage lender and loan servicer reported a $1.2 billion loss in the third quarter of 2007 but said that it expected to return to profitability by the end of the year.
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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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Williams Industries, the Manassas construction firm and manufacturer of steel girders, reported a net loss yesterday of $2.3 million (63 cents per share) for fiscal 2007 compared with a profit of $93,000 (3 cents) the previous year and said it was uncertain whether it can remain viable as it stru...
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The broadcast companyâs loss stemmed from write-downs, breakup costs and weak advertising sales.
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Net income was 1.7 billion euros ($2.5 billion) in contrast to a loss of 12 million euros in the period a year earlier, Daimler said.
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Losses at Japanese financial firms from the US sub-prime loan crisis more than doubled in the last three months of 2007.
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A LOSS of Â£2.7 million at the half-year stage was today described by management at clothing group Austin Reed as &quot;unacceptable&quot;.
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By Steve Johnson, San Jose Mercury News, Calif.  Jan. 31--Financially burdened by its purchase in November of two companies, Gilead Sciences of Foster City today reported a net loss of $1.67 billion dollars for the fourth quarter of last year.
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AT&amp;T Corp. swung to a third-quarter loss of $7.1 billion after recording huge charges related to the company&#39;s retreat from traditional telephone services, which has included at least 7,500 more job cuts and
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The company reported a fourth-quarter net loss of $2.58 billion,  citing a $6.1 billion charge related to transferring employees from a multi-employer pension fund.
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It was the third annual decline, though it was smaller than those seen in the previous two years. &quot;Nearly 7.4-million people reported just over $30.
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AT&amp;T Corp. swung to a third-quarter loss of $7.12 billion due to huge charges from the company&#39;s retreat from traditional telephone services, which included at least 7,500 more job cuts and a writedown in the value of the company&#39;s long-distance network.