Mondavi posts loss after charges, affirms FY view
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Winemaker Robert Mondavi Corp. (MOND.O: Quote, Profile, Research) on Wednesday reported a net loss for its September quarter after the company wrote down assets and incurred severance charges, as well as other unusual costs.
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PARIS, Feb. 4 -- French Finance Minister Christine Lagarde gave Societe Generale a mild rebuke Monday in a report that largely backs up the bank's account of how it lost $7.1 billion last month in the largest trading scandal in banking history.
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Winemaker Robert Mondavi Corp.  MOND.O on Monday said it expects the sale of its line of  higher-priced wines and other assets within the next year to  yield $400 million to $500 million in net after-tax proceeds.
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Investors don't seem too perturbed by $10B in losses to fraud and subprime exposure.
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The video game maker largely met Wall Streetâs forecasts, despite posting a quarterly loss because of reorganization charges and deferred revenue.
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The owner of the Nine West and Jones New York brands posted a smaller fourth-quarter net loss of $89.8 million as the absence of a large charge offset the impact of a weak selling season.
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Constellation Brands Inc. said Tuesday that it had made an unsolicited $970 million offer for the Robert Mondavi Corporation. Mondavi said it would consider the
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Shares of Robert Mondavi Corp. jumped nearly 10 percent Monday on news of a corporate restructuring that would reduce the Mondavi family&#39;s control in the company, a move analysts said could be a precursor to a sale of part of the business.
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Charges to retire debt and finance the proposed settlement of a probe into its marketing practices more than offset strong sales growth at Bristol-Myers, which posted a loss of $133 million.
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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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(Corrects year-ago loan loss reserve figure in third paragraph to âmillionâ from âbillionâ)
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Merck posted a $1.63 billion fourth-quarter loss on Wednesday as  charges for its Vioxx litigation settlement dragged down results and share prices.
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Advanced Micro Devices  (AMD), the world's second-largest maker of computer microprocessors, posted a wider quarterly loss on Thursday due to a $1.68 billion charge from its purchase of graphics chipmaker ATI.
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AMD reported a heavy loss for its fourth quarter on Thursday, due mostly to charges connected to its acquisition of graphics chip maker ATI.AMD reported a net loss of $1.772 billion -- greater than its revenue for the quarter, which was $1.770 billion. The figures compare to a loss in the fourth quarter last year of $576 million on revenue of $1.773 million.The net loss included charges of $1.675 billion, mostly related to&#160;AMD&#39;s acquisition of ATI in 2006. Excluding the charges, AMD said its loss would have been $97 million, greater than the $25 million it lost in the fourth quarter a year earlier.This is the fifth-straight quarterly loss for AMD, which has been struggling to get its newest processors to market on time.AMD delayed volume shipments of its quad-core Opteron processors, code-named Barcelona, in early December when it said it found a bug in the chip&#39;s Level 3 cache memory. Earlier this month,&#160;AMD said it was pushing back the release of its quad-core Phenom 9700 and 9900 processors.The company still managed to ship a record number of microprocessors in the quarter, it said on Thursday, including nearly 400,000 of its quad-core chips.
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The troubled mortgage lender posted a loss of $422 million, citing rising loss provisions and impairment charges.
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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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French bank Societe Generale has admitted that a gap in control systems allowed a junior trader to take a $73 billion losing bet on European share prices, but defended its handling of the world's biggest trading scandal.