Ann Taylor Forecasts 4th-Quarter Net Loss
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Women's clothing retailer AnnTaylor  Stores Corp. ANN.N on Friday forecast a fourth-quarter net  loss of 14 cents to 18 cents a share after one-time charges.
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CNA Financial Corp. , one of the largest commercial insurance firms in the United States, said on Monday that it had a fourth-quarter profit compared with a loss a year ago, when it was hurt by claims from 2005's Hurricane Wilma.
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The paper and wood products company reported a fourth-quarter loss of $63 million and said its expects the downturn to continue through 2008.
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Homebuilders are set for trouble  ahead, with next year's earnings from four of the leading  housing companies set to run lower than Wall Street expects,  according to a hedge fund manager quoted in the latest edition  of Barron's.
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Conglomerate Loews Corp  said on Friday it expects to record a loss of about $98 million related to an arbitration settlement by its insurance business, CNA Financial .
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National City Corp , the ninth-largest U.S. bank, said on Monday it expects its provision for loan losses for the fourth quarter to be about $700 million.
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Diversified manufacturer Illinois Tool Works Inc.  on Friday warned it was cutting its forecast profit range for the fourth quarter, citing expected weakness in the North American market.
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Lennar Corp. , the second-largest U.S. home builder, posted a quarterly loss on Tuesday, forecast a loss for the current quarter and warned that the weak housing market could deteriorate further.
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Jewelry retailer Zale Corp. said Thursday it lost $26.4 million its its fourth fiscal quarter, partly due to writing down the value of its inventory, and it expects another loss in the current quarter.
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Insured losses in the United States from  Hurricane Ivan are expected to range from $3 billion to $6  billion, a risk assessment group said on Wednesday.
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National City Corp , the  ninth-largest U.S. bank, said on Monday it expects its  provision for loan losses for the fourth quarter to be about  $700 million.
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Company posts big loss amid a variety of problems that are "self-induced." It also expects an operating loss for the current quarter, which includes the holiday selling season.
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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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The loss, which came to $3.41 a share, was in contrast to a profit of $45.4 million, or 97 cents a share, in the quarter a year earlier.
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Insured losses in the United States from Hurricane Ivan, which was roaring toward the US Gulf coast on Wednesday, could run between $4 billion and $10 billion, a risk assessment company said.
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A Labor Department report showed that the economy lost 4,000 jobs in August, the first drop in 4 years, suggesting that turmoil in the financial markets could be spreading.
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CNA Financial Corp. , one of  the largest commercial insurance firms in the United States,  said on Monday that it had a fourth quarter profit compared  with a loss a year ago, when it was hurt by claims from 2005's  Hurricane Wilma.