EADS reports &#36;1.01 billion loss in 4Q
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Airbus parent EADS NV said Friday that a weaker dollar and major delays at its Airbus unit dragged its 2006 profit down, caused a multimillion dollar quarterly loss and warned that Airbus would "display another substantial loss in 2007."
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EADS on Thursday posted steeper  than expected third-quarter losses, axed forecasts that it  would make a 2007 operating profit and promised to reinforce  restructuring plans after fresh problems at planemaker Airbus.
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Drug maker Schering-Plough Corp  on Tuesday reported a fourth-quarter loss as special charges from its acquisition of Organon Biosciences late last year offset sharply higher sales.
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Shares in European aerospace group EADS fell sharply in early trading here on Monday, after slumping last week, on deepening doubts about restructuring at its subsidiary Airbus and prospects for a capital increase.
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MUNICH, Germany  - Losses at planemaker Airbus slashed 2006 operating profits at Franco-German parent EADS  by 86 percent to 399 million euros ($526 million), but the fall was cushioned by defense profits, the group said on Friday.
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TEMPE, Ariz.  â The US Airways Group said Thursday that it had swung to a fourth-quarter loss as a result of significantly higher fuel costs.
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Delayed A380 blamed Airbus has posted the first loss in its corporate history, blaming delays to the A380 superjumbo.â¦
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Bombardier, the commercial aircraft maker, posted a quarterly loss after writing off its investment in the Metronet Rail subway unit in Britain.
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JetBlue expected a wider first-quarter loss and lower full-year profit, as it absorbed the effect of more than 1,000 flight cancellations last week.
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Northwest Airlines Corp. (NWAC.O: Quote, Profile, Research) , the No. 4 US air carrier, on Wednesday posted a quarterly loss, versus a profit a year earlier, as high fuel prices and low fares weighed on the industry.
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The Airbus A380 superjumbo project is running 1.45bn euros (Â£1bn; $1.9bn) over budget, the firm's majority owner EADS admits.
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Still carrying the weight of costs related to last year&#39;s&#160;acquisition of graphics vendor ATI, AMD recorded its fourth straight quarter of net losses Thursday.The company reported a net loss of $396 million, or $0.71 per share, for the third quarter, compared to net income of $136 million for the year-earlier quarter. Analysts polled by Thomson Financial had estimated a loss of $0.62 per share. The loss included a $120 million charge related to its acquisition of ATI last year.AMD recorded third-quarter revenue of $1.632 billion for the quarter ending Sept. 29, an 18 percent year-over-year increase.The company sold a record number of microprocessors during the quarter, AMD said in a news release. Microprocessor unit shipments increased 19 percent year-over-year and mobile processor shipments increased 68 percent, AMD said.After months of delays,&#160;AMD finally released its latest quad-core Barcelona processor in September.&#160;AMD is locked in a quad-core chip battle with Intel, which shipped more than 2 million quad-core processors during the quarter, Intel said in its earnings call on Tuesday.AMD has already lost ground in the market for server chips to Intel in recent quarters. AMD&#39;s quad-core Opteron processor, also called Barcelona, opened up a revenue stream for company during the quarter, the company said.
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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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Delta Air Lines  on Thursday said its fourth-quarter loss mushroomed as it struggled with high fuel prices and low fares, and analysts warned they see a wider loss in the first quarter of 2005.
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nearly four times its losses from a year ago -- as the company again warned it needs pilots to take a massive $1 billion
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ATLANTA -- Delta Air Lines Inc., which is operating under bankruptcy protection, reported Wednesday a wider fourth-quarter loss of nearly $2 billion because of hefty restructuring items.
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The company reported a loss of $369.9 million in its fourth quarter, citing higher taxes, difficulty in its mortgage referral unit and costs for proposed spinoffs that would make five companies out of one.