Vivendi's 2Q Loss Widens on NBC Deal
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Vivendi Universal SA, the French media and telecommunications company, said Tuesday its net loss ballooned to 1.85 billion euros(&#36;2.26 billion) in the second quarter.
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French media and telecoms group Vivendi   posted on Wednesday an 18 percent rise in adjusted  full-year net profit in line with forecasts, pulled by Maroc  Telecom and its games, French mobile and pay-TV units.
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The specialty retailer reports widening losses, but better times lay ahead.
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Recreational vehicle maker Fleetwood Enterprises Inc.  on Thursday said its quarterly loss had widened tenfold after restructuring charges, including severance payments, and costs from discontinued operations.
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Vivendi fourth-quarter sales rose 1.2 percent as buoyant trading at its Maroc Telecom and in video games helped compensate declines at its music and French mobile businesses.
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The company said its quarterly loss ballooned to $302.6 million as it struggled with its mortgage lending arm and said it is trying to renegotiate the sale of the unit.
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Plus: Write-downs widen DirecTV's loss...Time Warner net income slips...Cell phone unit shores up Verizon.
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RealNetworks could lose $2 million from below-cost sales -- but will give its service a huge boost,&quot; says Forrester Research analyst Rebecca Jennings.
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PARIS, Nov 17  - Media and mobile telephone group Vivendi Universal said on Wednesday that third-quarter profits had risen by nearly six-fold and upgraded its full-year profit outlook owing to a change in tax arrangements.
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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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Home furnishings retailer Pier 1 Imports Inc. said Wednesday its second-quarter loss widened on lower sales and various charges.
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Digital video recorder maker TiVo on Thursday reported a wider quarterly net loss as it increased spending to accelerate subscriber growth.
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PARIS, Sept 14  - French media giant Vivendi Universal on Tuesday reported a surge in its net loss so far this year but forecast a sharp turnaround in its finances for all of 2004.
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Vivendi Universal posted a near doubling  in its first-half net loss to 1.86 billion euros ($2.28  billion) on Tuesday, hit by currency translation losses linked  to its entertainment deal with NBC, but cellphone unit SFR  boosted profits at the operating level.
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TiVo Inc.(TIVO.O: Quote, Profile, Research) , maker of digital television recorders, on Monday said its quarterly net loss widened as it boosted spending to acquire customers, but subscribers to its fee-based TV service rose
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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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French media giant Vivendi Universal reported a surge in its net loss so far this year but forecast a sharp turnaround in its finances for all of 2004.