Vivendi Universal reports big loss in second quarter
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French media giant Vivendi Universal reported a second quarter net loss of 1.852 billion euros (2.3 billion dollars), six times larger than the 313-million-euro shortfall in the same period last year.
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NEW YORK: Toys R Us, which is considering getting out of the toy business, yesterday posted a second-quarter operating loss on poor sales of video games and markdowns on older merchandise.
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French media group Vivendi Universal has reported a 48-percent jump in net profit for the first half of 2006, to 1.8 billion euros, and confirmed its forecast of at least 16-percent growth for the full year.
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Borders Group Inc. , the  world&#39;s second-largest bookseller, on Tuesday posted a wider  quarterly loss as sales at established stores fell.
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Second-quarter profit dropped 16 percent, hurt in part by costs associated with revamping its consumer electronics return policy.
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AMSTERDAM: Royal Philips Electronics NV has sold its entire 3% stake in Vivendi Universal for around 720 million euros. The transaction closed on Wednesday and is expected to result in a non-taxable gain of 300 million euros in the fourth quarter.
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Circuit City Stores Inc., the No. 2 US electronics chain, said its second-quarter loss narrowed to $11.9 million as the company sold more plasma-screen televisions and benefited from the acquisition of a Canadian retailer.
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France's stock market regulator has filed complaints against Vivendi Universal SA and its two highest executives as part of an investigation into convertible bonds that the French company issued three years ago, Vivendi said Tuesday.
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Vivendi Universal posted a first-half net loss Tuesday that almost doubled to 1.86 billion, as it was hit by currency translation losses linked to its entertainment deal with NBC.
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Vivendi said fourth-quarter profit dropped 51 percent from a year ago, when the company had a tax credit and asset sales. Vivendi, parent company of Universal Music, said it earned 610 million euros ($799 million) in the quarter, down from 1.25 billion euros. Revenue rose 1 percent, to 5.5 billion euros ($7.2 billion). Sales at Universal Music fell 1.5 percent.
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A LOSS of Â£2.7 million at the half-year stage was today described by management at clothing group Austin Reed as &quot;unacceptable&quot;.
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Shares of the electronics retailer Circuit City Stores fell sharply after the company reported a wider-than-expected loss.
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Circuit City Stores Inc., the No. 2 US electronics chain, said yesterday its second-quarter loss narrowed to $11.9 million as the company sold more plasma-screen televisions and benefited from the acquisition of a Canadian retailer.
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Flat-screen maker LG.Philips LCD. Co. Ltd.   is expected to report a loss for the second quarter in a row, as it struggles with weak prices and high costs for its mainstay TV panels.
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Circuit City Stores Inc., the nation&#39;s No. 2 consumer electronics chain, reported a smaller-than-anticipated loss in the second quarter due to higher sales and fewer charges related to the sale of its bank-card business.
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Visteon Corp. VC.N, the No. 2 U.S.  auto parts maker, on Thursday posted a wider quarterly net loss  of $1.36 billion, citing charges, and said it expects rising  material surcharges and its high cost structure to hurt results  for the rest of the year.
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The company meets already lowered second-quarter expectations.