KB Home posts quarterly net loss after charges
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KB Home  posted a quarterly net  loss on Tuesday as it took $343.3 million of pretax  land-related charges, a consequence of the U.S. housing market  downturn, and said its cancellation rate rose to 48 percent.
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Barnes & Noble Inc. , the world's largest book retailer, on Thursday posted a first-quarter loss, citing charges stemming from the closure of its Internet distribution center and an investigation of its stock option granting practices.
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KB Home  posted a quarterly loss of nearly $773 million on Tuesday with abandonment and impairment charges as the U.S. housing market continued to decline, and said it expects another tough year for the industry in 2008.
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KB Home , a leading U.S. home builder, on Tuesday posted a smaller-than-expected quarterly net loss after a $343.3 million noncash for declining land values, sending its shares up 1.6 percent.
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The homebuilder reported a third-quarter loss of $513.9 million, hurt by falling home prices and hefty charges to write down land values.
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Quarterly losses narrowed to $59 million, or 16 cents per share, from $139 million, or 43 cents per share, a year ago. Excluding about $63 million in restructuring, transformation and integration costs, the
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LOS ANGELES -- Homebuilder KB Home swung to a loss in the third quarter and warned Thursday that the beleaguered housing market is likely to worsen next year.
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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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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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KB Home KBH.N, one of the largest   U.S. homebuilders, on Wednesday cut its full-year profit   forecast for the second time in three months, saying a more   difficult housing market is causing orders to decline.
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KB Home  posted a quarterly loss of nearly $773 million on Tuesday with abandonment and impairment charges as the U.S. housing market braced for another rough year in 2008.
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Upscale home builder Hovnanian Enterprises Inc  reported a quarterly loss on Thursday, a reflection of the deteriorating U.S. home market, but its shares rose as the results met Wall Street expectations.
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Walloped by charges, Boston Scientific posts a loss for the quarter.
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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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Struggling doughnut shop chain Krispy Kreme Doughnuts Inc.  on Monday reported an unexpected quarterly net loss because of impairment charges and store closing costs.
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The home builder KB Home posted a smaller-than-expected quarterly loss yesterday, sending its shares up, after taking a $343.3 million noncash charge for declining land values.
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Computer Associates International Ltd.  CA.N, a business software maker, on Wednesday posted a wider  quarterly net loss, including charges for job cuts and a $225  million payment to settle a long-running accounting probe.