Harmony Gold Posts Fifth Straight Quarterly Loss
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Harmony Gold Mining Co., the biggest miner of South African gold, made its fifth consecutive quarterly loss as the rand&#39;s gains against the dollar eroded profit margins, compelling it to seek expansion to cut costs.
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Harmony Gold Mining Co. (HMY.N: Quote, Profile, Research) (HARJ.J: Quote, Profile, Research) on Friday said Institutional Shareholder Services, Inc.
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The Swiss bank reported its first quarterly loss in five years after hefty writedowns on subprime-related investments, but said it expects a group profit in the last quarter.
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KB Home, the fifth largest US homebuilder, reports a $773m quarterly loss as the housing slowdown continues to bite.
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Gold Fields Ltd. narrowly lost a key vote at a special shareholders meeting Tuesday that would have helped it fight off a hostile takeover bid by Harmony Gold Mining Co.
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JOHANNESBURG : South African mining giant Gold Fields lost a high court bid to halt a hostile takeover by rival Harmony Gold, which is seeking to create the world&#39;s biggest gold producer, a court official said.
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NEW YORK (CBS.MW) -- Kinross Gold Corp., (KGC) a Toronto gold and silver mining and processing company, reported that it revised third-quarter results to a loss of $133.
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Gold Fields announced on Friday that it had filed a complaint in a New York district court against Harmony Gold Mining in connection with Harmony&#39;s &quot;coercive&quot; two-step offer for the shares of Gold Fields.
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The board of gold miner Gold Fields says the bid by rival Harmony &quot;significantly undervalues&quot; Gold Fields&#39; portfolio of assets and completely disregards the significant value that will be created from the IAMGold transaction.
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HARMONY is set to become the world&#39;s biggest gold producing mining company in just four months. This week Harmony moved closer to successfully concluding its hostile bid for rival Gold Fields.
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Advanced Micro Devices reported its fifth consecutive quarterly loss as it struggled to absorb the huge cost of its purchase of ATI Technologies, a graphics chip maker.
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UBS AG, Europeâs largest bank by assets, reported its first quarterly loss in almost five years after $4.4 billion in losses and writedowns on fixed-income securities.
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Driving the companyâs loss, which amounts to $31.85 a share, was a $5.21 billion write-down on its portfolio of credit derivatives.
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Harmony, the South African gold producer, yesterday lost the latest round in the battle to gain control of its rival, Gold Fields, when the South African court said both stages of its bid must be approved by the competition authorities.
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Ruby Tuesday Inc  posted a quarterly net loss on Wednesday, reversing a year-ago profit, as the restaurant chain operator faced falling same-restaurant sales and remodeling costs.
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MBIA Inc,  a bond insurer  struggling to maintain the top credit ratings necessary for its  business, posted a quarterly loss on Thursday after a $3.5  billion writedown.
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GOLD Fields, moving to hold its ground in the face of an increasingly hostile takeover battle with Harmony, filed a complaint in a New York district court on Friday in one of many actions taken to stymie Harmony&#39;s bid to become the world&#39;s biggest gold