BAE First-Half Loss Widens on Goodwill Writedowns
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BAE Systems Plc, Europe&#39;s largest defense company, said its first-half loss widened as it wrote down goodwill in its avionics and defense-electronics units.
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Struggling chip-maker Advanced Micro Devices Inc. said Thursday its fourth-quarter net loss widened, partly due to a huge goodwill impairment charge related to its $5.6 billion acquisition of graphics chip-maker ATI Technologies Inc.
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Alaska Air Group , the parent of Alaska Airlines, on Friday said its quarterly loss widened as a result of charges for restructuring and hedging losses.
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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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British defence group BAE Systems has reported an interim profits surge but gave an insight into problems at Airbus, saying the European planemaker might have to ask shareholders for funds.
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et Seal Inc., a retailer of clothing for young women, said yesterday that its second-quarter loss widened after the company recorded a $75.5 million expense to write down the value of certain assets.
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Bankrupt Delta Air Lines   said on Wednesday its fourth-quarter net loss widened by 60  percent, hurt by reorganization costs and special items.
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The company turned in a wider Q1 loss but is still on track for a profitable year.
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Profits rise at BAE Systems after strong US growth, but it does not comment on corruption probes.
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Intuit Inc. INTU.O, maker of  the No. 1 U.S. tax presentation software TurboTax, on Wednesday  posted a wider quarterly loss after taking a goodwill  impairment charge during its seasonally weaker fourth quarter.
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Mitsubishi Motors says its losses in the first half of the fiscal year were one-fifth greater than previously reported after its books were hit by a sell-off of its auto loans.
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BAE Systems was a leading gainer on Friday as JPMorgan said the market had underestimated the potential benefits from the burgeoning market for blast-proof military vehicles.
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France&#39;s largest media group, Vivendi Universal, yesterday revealed that first-half net losses had nearly trebled to â¬1.86bn (Â£1.
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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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Shares in BAE Systems PLC, Europe's largest defense contractor, rose Friday after a report that it is close to sealing a $40.4 billion) deal with Saudi Arabia for 20 Eurofighter Typhoon aircraft next week.
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British department store group House of Fraser, which owns Harrods, has posted a narrower first-half loss. It said it was confident of a satisfactory outcome for the year as gross margins improve and costs are controlled.
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Defence firm BAE Systems posts a 15% rise in half-year profits after seeing a strong increase in sales.