American Greetings posts quarterly loss
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Greeting card maker American Greetings  Corp.  on Thursday posted a quarterly loss, hurt by costs  for rolling out a new strategy to manage inventory.
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Washington Mutual Inc , the largest U.S. savings and loan, posted a $1.87 billion fourth-quarter loss on Thursday, its first quarterly loss in more than a decade, battered by mortgage defaults and write-downs.
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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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Germany&#39;s Deutsche Post AG said losses at its US express and logistics business will be 200 million euros ($246.1 million) greater than expected this year, sending its shares down over 4 percent.
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Struggling doughnut shop chain Krispy Kreme Doughnuts Inc. (KKD.N: Quote, Profile, Research) on Monday reported a quarterly net loss because of impairment charges and store closing costs.
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With housing woes weighing it down, the furniture maker swings to a loss for the quarter.
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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 Inc  , the world's second-largest maker of computer  microprocessors, on Thursday posted a wider quarterly net loss  due to a $1.68 billion charge related to its purchase of  graphics chipmaker ATI.
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No 2. US book retailer Borders Group Inc. (BGP.N: Quote, Profile, Research) on Tuesday posted a quarterly loss versus a year-ago profit, hurt by sluggish store traffic and a slowdown in sales of bestsellers.
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Bear Stearns Cos Inc  on  Thursday reported its first quarterly loss in the company's  history, capping a fiscal year when the fifth-largest U.S.  investment bank took a beating on bad bets on risky subprime  mortgages.
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The parent company of American Airlines, the nation's largest carrier, posted a loss of $69 million during the fourth quarter as fuel prices and weather disruptions wiped out higher revenue.
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American Greetings loses ground after cutting full-year guidance.
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NEW YORK (CBS.MW) -- Shares of American Greetings Corp. plummeted nearly 8 percent Thursday after the company issued a full-year earnings forecast that surprised Wall Street.
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American Express posts a 10% drop in quarterly profits as it sets aside $274m to cover credit card defaults.
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The restaurant giant posted a quarterly net loss of $711.7 million after taking a big charge for the sale of its outlets in Latin America.
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NEW YORK (CBS.MW) -- American Greetings Corp. said third-quarter earnings improved by 35 percent, as gains from the sale of its Magnivision business more than offset lower sales and charges for layoffs and other costs.
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Struggling doughnut shop chain Krispy  Kreme Doughnuts Inc. KKD.N on Monday reported a quarterly net  loss because of impairment charges and store closing costs.