Ivan's Insured Losses $3 Billion-$6 Billion - Group
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Insured losses in the United States from  Hurricane Ivan are expected to range from $3 billion to $6  billion, a risk assessment group said on Wednesday.
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Investment bank Morgan Stanley says it has suffered a $3.7bn loss from its US sub-prime mortgage exposure.
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Hurricane Ivan may cost insurers less than first estimated after the third storm to hit the United States in six weeks skirted New Orleans.
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NEW YORK - Energy companies today were taking more than 3,000 workers off drilling rigs in the Gulf of Mexico ahead of Hurricane Ivan, a powerful Category 5 storm, and were shutting much more oil production in the Gulf than had been shut by a pair of
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MCI (MCI), one of the nation&#39;s biggest long-distance operators, lost $3.4 billion in the third quarter because of a previously announced asset writedown of $3.
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The medical device maker reported a third-quarter loss of $272 million on charges related to acquisitions and asset sales, as the companyâs top-selling stent continued to slump.
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The business racked up nearly &#36;1 billion in losses since 2001.
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After Hurricane Ivan pummeled a wide  swath of land along the Gulf of Mexico Thursday, some U.S.  insurers swamped by the third major hurricane of 2004 might  find their profits gone with the wind.
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3Com (COMS: news, chart, profile) reported a loss of $35.5 million, or 9 cents a share, compared with a loss of $106 million, or 29 cents a share, in the same period a year ago.
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Amaranth Advisors LLC, the hedge fund firm that stumbled over massive wrong bets on natural gas futures, said late Wednesday that its losses had climbed to more than $6 billion, or 65 percent of the assets it claimed at the end of August.
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The company said its net loss in the fiscal third quarter ended Dec. 1 was $84.8 million, or 12 cents a share, compared with a net profit of $1.1 million.
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The largest U.S. wind power company said it was hit by losses from trading in energy markets.
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Bankrupt US Airways Group Inc.  UAIRQ.OB on Thursday reported a wider third-quarter net loss  as storms and high fuel prices hurt results.
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The troubled mortgage lender posted a loss of $422 million, citing rising loss provisions and impairment charges.
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MCLEAN, VA. -- MCI lost $3.4 billion in the third quarter, due to a previously announced asset writedown of $3.5 billion, but its core operating results were better than expected.
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Goldman Sachs Group Inc. and Morgan Stanley , the Wall Street giants that sell more of everything from stocks and bonds to risk-analysis software to the burgeoning hedge fund industry, may be the biggest winners after Amaranth Advisors LLC said it lost $6 billion on natural-gas trades.
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The Midland Co. said Friday it expects to incur pretax losses of between $3 million and $4 million from Hurricane Frances, which swept across Florida last weekend.