Wyeth Posts Loss on New Fen-Phen Charges
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Wyeth  on Monday reported a fourth-quarter loss despite strong sales growth of its prescription medicines, as it took another charge of &#36;4.5 billion for costs related to its recalled fen-phen diet drugs.
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MedImmune Inc. widened its loss for the third quarter, hurt by lost revenue and charges from ending its partnership with Wyeth Pharmaceuticals last quarter.
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Wyeth WYE.N on Wednesday reported a  third-quarter profit compared to a year ago, when it took a  large charge for liabilities from its recalled "fen-phen" diet  medicines.
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As expected, the athletic-shoe retailer posts a loss in the first quarter.
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Wyeth WYE.N said Monday it will  support a proposed amendment to a national settlement of less  serious claims from people who say they were damaged by its  diet drugs, potentially resolving much of the uncertainty that  has surrounded the settlement.
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Bristol-Myers Squibb Co  reported a quarterly loss on Thursday due to special charges, including a $275 million write-down from the credit crisis spreading through corporate America.
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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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Automotive supplier Delphi Corp. (NYSE: DPH) posted a $114 million third quarter loss, which the company said reflects lower North American vehicle production and higher material costs.
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Drugmaker Wyeth WYE.N said on Tuesday  it is in talks with plaintiffs' lawyers to develop a structure  to settle cases of users of recalled diet drugs "fen-phen" who  opted out of a nationwide legal settlement.
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Battery maker's losses spark shareholders' charge for the door.
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The broadcast companyâs loss stemmed from write-downs, breakup costs and weak advertising sales.
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The maker of digital video recorders reported a net loss of $17.7 million in the second quarter, which included an $11.2 million inventory write-off.
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The company reported a second-quarter loss after the company cut jobs to compensate for declining sales.
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Auto parts supplier Delphi Corp.  DPH.N on Monday posted a smaller quarterly loss as lower  restructuring charges offset the effects of North American  motor vehicle production cuts and rising materials costs.
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Walloped by charges, Boston Scientific posts a loss for the quarter.
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The natural gas producer and pipeline operator said its fourth-quarter loss widened, hurt by a tax charge related to the sale of its stake in a pipeline.
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British regulators recommended on Monday that physicians restrict the use of the anti-depressant Efexor from drugmaker Wyeth because its use could have side effects for heart health and pose other potential risks that require more careful monitoring than other drugs in the class. Wyeth said it would challenge the decision, but its shares slipped 3 percent.