Lennar posts quarterly loss
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Lennar Corp., the second largest U.S.  home builder, on Tuesday reported a quarterly loss, citing  charges related to land values and declining demand related to  the subprime-mortgage meltdown.
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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 fourth-quarter forecast.
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Northwest Airlines Corp. NWAC.O, the  No. 4 U.S. 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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Computer maker Sun Microsystems  Inc.  on Tuesday swung to a quarterly net loss due to  charges related to job cuts and other items as revenue rose 29  percent, helped by its acquisition of StorageTek.
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General Motors Corp  on Tuesday  posted a quarterly loss reflecting a slump in its North  American market and losses at former finance subsidiary GMAC.
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Lennar Corp. , the No. 3 U.S.  homebuilder, on Friday cut its third-quarter profit forecast  due to a deteriorating housing market, sending its shares down  nearly 3 percent in premarket trading.
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American Axle & Manufacturing Holdings Inc.  posted a quarterly net loss on Friday as it took charges for worker buyouts and idling U.S. manufacturing capacity for parts for mid-size light trucks.
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Telecommunications equipment maker  Ciena Corp. CIEN.O on Thursday reported a wider loss for the  fiscal third quarter due to slack demand and forecast sales in  the current quarter would be little changed from the third  quarter.
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Lennar Corp  on Thursday reported a wider fourth-quarter loss after home deliveries and new home orders halved amid a slowdown in the U.S. housing market, and the No. 2 U.S. home builder said it saw no signs of a recovery this year.
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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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Home builder Lennar Corp. LEN.N on  Monday reported a 12 percent rise in quarterly profit and  raised its forecasts for the current and following year, citing  a stable economy.
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With housing woes weighing it down, the furniture maker swings to a loss for the quarter.
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Chip maker Advanced Micro Devices  Inc. AMD.N on Tuesday reported a quarterly loss from a  year-earlier profit following a reduced forecast it gave last  week.
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The Lennar Corporation said its income fell in the third quarter after a slump in demand forced it to offer incentives to buyers.
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Treasury prices closed with light gains Tuesday, after homebuilder Lennar Corp. reported a sharply higher than projected loss and a national report showed existing home sales at a five-year low in August.
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Stock futures fell on Tuesday as No. 2 U.S. home builder Lennar Corp.  posted a sharp loss, suggesting more deterioration in housing, while warnings from two key retailers raised concern about consumer spending.
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Bear Stearns Cos Inc  on  Thursday reported its first quarterly loss in the company's  history, capping a fiscal year when the fifth-largest U.S.  investment bank took a beating on bad bets on risky subprime  mortgages.