Delphi Losses Widen in 4Q, All of 2006
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DETROIT -- Struggling auto parts maker Delphi Corp. said Tuesday it losses widened to $853 million for the fourth quarter and to $5.5 billion for all of 2006.
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DST Systems Inc. on Wednesday posted  lower fourth-quarter results compared with a year earlier when  it reported a net gain associated with an exchange transaction.
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Still carrying the weight of costs related to last year's acquisition of graphics vendor ATI, Advanced Micro Devices Inc. recorded its fourth straight quarter of net losses Thursday.
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Intuit Inc. posted a narrower net loss for its latest quarter as increased revenue from its QuickBooks accounting software helped boost results.
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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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U.S. Treasury prices added to previous  gains on Thursday after a regional manufacturing index slipped,  as expected, and its employment component plunged.
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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.
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Delphi Corp. DPH.N, the largest U.S.  auto parts supplier, on Thursday posted a $102 million  fourth-quarter net loss because of North American vehicle  production cuts and rising costs for raw materials.
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The drug company posts a wider Q3 loss than a year ago.
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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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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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Digital video recorder maker TiVo Inc. on Thursday said it recorded a wider fiscal second-quarter net loss despite a sharp growth in subscribers, as it increased spending in hopes of accelerating the growth.
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Losses ballooned to $207.3 million for the third quarter, driven by lower extended warranty sales and restructuring costs.
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Oil prices extended losses on Thursday  after a bigger-than-expected rise in U.S. fuel inventories  soothed worries of a winter squeeze.
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Creo Inc., a Canadian maker of imaging software, said Wednesday that it swung to a loss in the fiscal fourth quarter as the cost of entering the digital plate business and the strength of the Canadian dollar offset higher revenue.
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TiVo Inc., a maker of digital recorders for televisions, on Monday posted a wider third-quarter loss on an investment in subscription acquisition activities, but the company performed better than Wall Street expected.
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The U.S. current account deficit shrank more than expected in the fourth quarter of 2006 to $195.8 billion, as lower oil prices took a bite out of imports and U.S. exports continued to rise, a Commerce Department report showed on Wednesday.