Adelphia Posts Large Losses
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Cable operator Adelphia Communications  Corp. ADELQ.PK on Thursday reported billions of dollars in  losses over a three-year period in its first annual audited  financial statements since 2000, a step seen as key to its  emergence from bankruptcy and toward a potential sale.
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Advanced Micro Devices reported a larger-than-expected loss but showed progress in curbing its expenses and capturing a share of strong demand for personal computers.
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The chip maker reported a larger-than-expected loss but showed progress in curbing its expenses and capturing a share of strong demand for personal computers.
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Advanced Micro Devices said that it lost $600 million or $1.09 per share, for the three months ended June 30.
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Merchants reported huge losses as crowds descended on stores to buy goods at government-ordered prices.
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European equities extended losses in morning deals on Friday in the wake of weakness shown by Asian markets, dealers said.
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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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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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The company reported a loss of $369.9 million in its fourth quarter, citing higher taxes, difficulty in its mortgage referral unit and costs for proposed spinoffs that would make five companies out of one.
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By The Associated Press. Delta Air Lines, Northwest Airlines and the parent of American Airlines all reported losses yesterday. The largest loss by far was at Delta, where bankruptcy
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Cable operator Adelphia Communications Corp. Thursday reported billions of dollars in losses over a three-year period in its first audited financial statements since 2000, a step seen
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Stocks added to losses on Monday, with the Nasdaq briefly falling more than 1 percent, hit by losses in large technology companies, including Microsoft Corp. , in the last trading session of the year.
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Adelphia Communications Corp.  ADELQ.PK asked a U.S. bankruptcy court to order its founding  Rigas family to pay back $3.23 billion it says the family owes  the company, court papers show.
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Vodafone reports a Â£14.9bn loss - a record for a UK firm - after writing down the value of assets.
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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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For the period that ended Dec. 31, the company reported a loss of $16 million, or 11 cents a share, in contrast to a profit of $18 million, or 12 cents a share, in the period a year earlier.
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Advanced Micro Devices  (AMD), the world's second-largest maker of computer microprocessors, posted a wider quarterly loss on Thursday due to a $1.68 billion charge from its purchase of graphics chipmaker ATI.