ArvinMeritor posts $153 million loss in quarter after unit sale
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Auto supplier&#39;s shares rise after it says it will sell more companies that aren&#39;t market leaders. By Jeff Green and Jeff Bennett / Bloomberg News.
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Viacom Inc. (VIAb.N: Quote, Profile, Research) (VIA.N: Quote, Profile, Research) on Thursday posted a quarterly loss on charges from spinning off the Blockbuster Inc.
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MCI Inc.&#39;s quarterly loss ballooned to $3.4 billion as the No. 2 US long-distance company wrote down the value of its assets due to a price war in long-distance services, MCI said on Thursday.
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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.
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Although Computer Associates met its sales forecast for its second quarter, it will post a loss for the period as it absorbs restructuring charges and the $225 million it agreed to pay in compensation for its accounting violations.
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Remy Cointreau reports an annual loss after a costly decision to exit a distribution alliance.
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The loss of $8.95 per share was atributed to charges related to the company's retreat from traditional telephone services.
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The company reported a $2.15 billion tax benefit but said overall revenue dipped because of a 19 percent drop in traditional wholesale services.
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Digital video recorder maker TiVo  Inc. on Wednesday reported a loss that was weighed down by an  inventory writeoff, swinging back from a small profit reported  in the first quarter of this year.
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The company said it expects to post its second quarterly loss in more than 50 years because of a hefty one-time charge.
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The food and household products maker said it lost $62 million in its most recent quarter, largely because of one-time charges.
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The nationâs largest homebuilder posted a first-quarter loss of $128.8 million on charges to write off inventory and land values amid the continuing housing slump.
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Automotive parts supplier ArvinMeritor Inc. (ARM.N: Quote, Profile, Research) on Thursday said it plans to sell two businesses that account for about $1
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The two companies came to terms after the board of Advo agreed late Monday to drop its asking price to $33 a share from $37.
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Internet phone company Vonage Holdings Corp. narrowed its fourth-quarter loss to $65 million as revenue nearly doubled with the addition of nearly 1 million customers during 2006.
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Reported profit of $44 million for third quarter over a loss of $31 million a year ago and predicts 10% increase in sales for the 4th quarter.
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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.