Lennar Reports Wider Loss and Bleak Forecast
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The home builder posted a net loss of $1.25 billion after home deliveries and new home orders halved, and it said it saw no signs of a recovery this year.
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JDS Uniphase Inc.   on Tuesday said it expects to post a wider quarterly loss than previously projected, citing factors including a revenue decline from a major customer for consumer optics and display products.
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Alitalia said it expected its full-year net loss to widen from last year's 519.7 million euros (671 million dollars) due to 289 million euros in restructuring charges booked this year to relaunch the ailing airline.
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Hospital operator Tenet Healthcare Corp. said its fourth-quarter loss from continuing operations will widen from the third quarter as the company feels pressure from weak patient volumes and high levels of bad debt.
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Retailer Sharper Image Corp. SHRP.O   on Monday said it expects to report a wider second-quarter loss   and that it would restate financial results for the last three   fiscal years as a result of a review of its stock-option   practices.
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A steeper-than-expected drop in the   U.S. housing market pushed Lennar Corp.'s LEN.N quarterly   profit down 39 percent and prompted the home builder on Tuesday   to slash its forecast for the current period.
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Home decor retailer Pier 1 Imports   Inc. PIR.N on Thursday posted a wider quarterly loss, citing   lower sales in June and July and higher costs.
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The chip maker 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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A steeper-then-expected drop in the   U.S. housing market pushed Lennar Corp.'s LEN.N quarterly   profit down 39 percent and prompted the home builder on Tuesday   to slash its forecast for the current period.
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Salton Inc. SFP.N, a maker of  household appliances, on Wednesday reported wider quarterly  losses as hefty restructuring charges more than offset higher  revenue.
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General Motors Corp. reported the largest annual loss for an automotive company Tuesday and said it is making a new round of buyback offers to US hourly workers as it struggles to turn around its North American business amid a weak economy
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Elan Corp. PLC, Ireland&#39;s largest pharmaceutical firm, reported widening third-quarter losses Thursday but predicted a return to profit in 2006.
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Northwest Airlines Corp. NWAC.O, the  No. 4 U.S. carrier, posted a wider quarterly loss on Wednesday  as high fuel prices and low revenue weakened the industry.
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Delta Air Lines Inc. expects to report a much wider loss for the third quarter due to one-time charges, higher oil prices and a decline in its domestic passenger-mile yield, the airline said Friday.
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Department store operator Bon-Ton Stores Inc.  on Wednesday reported a wider quarterly loss, hurt by an income tax charge, but reaffirmed its fiscal year earnings forecast.
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MIAMI -- Lennar Corp., one of the nation's biggest homebuilders, cut its third-quarter earnings projections Friday due to a decrease in new orders amid softening in the housing market. Its shares fell nearly 2 percent.
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Business & money: Northern Rock's share price is expected to suffer a further slide as the prospect of a bid ebbed away.