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Ericsson says losses widened in the third quarter, mainly due to plunging sales and costs related to restructuring. In the earnings report released Friday, the LM Ericsson and Sony Corp. joint venture said its third-quarter net loss came to euro164 million...
Tags: Sony Ericsson, loss widening, LM Ericsson, net loss, Sony Corp., Swedish Ericsson, million euros
Air Canada on Friday reported a wider loss in the first quarter as passenger revenue declined, notably from business travellers as the economic slump deepened, and said it expects passenger revenue to remain under pressure for the rest of the year. The...
Tags: Air Canada, Statistics Canada, passenger revenue, loss widening, quarter loss, U.S, wider loss, Toronto Star, net loss
Despite a widening net loss, Sprint Nextel Corp. finally got some good news in its long recovery Monday, as a big surge in "prepaid" customers offset another nightmarish drop in valuable subscribers who sign annual contracts. Investors responded by sending...
Tags: Sprint Nextel Corp., Sprint Nextel Posts Loss, quarter loss, largest wireless, best buy, service provider, mobile service, loss widening, job cut
The firm reported a net loss of 763m euros ($970m, £652m) in the quarter to the end of September, more than analysts had expected. Infineon has been hit hard by falling demand from troubled carmakers, its key customer group...Job cuts Infineon said it...
Tags: Infineon Technologies AG, Infineon Faces Dark Future, net loss, million euros, Qimonda AG, Royal Philips Electronics, loss widening, infineon posts
Borders Group Inc. on Tuesday reported a widening loss for the third quarter and said it is no longer for sale...The Ann Arbor, Mich.-based bookseller has been in the midst of a turnaround for more than a year, during which it weighed the possible sale...