Posts Tagged ‘loss’

AIG Loss Tied to Rescue, Reserves; Shares Fall

AIG Loss Tied to Rescue, Reserves; Shares Fall
American International Group posted a wider-than-expected loss after setting aside more reserves for insurance claims and paying down bailout debts

Read more on BusinessWeek

Lloyds Loss Misses Estimates as HBOS Bad Loans Rise (Update1)

Lloyds Loss Misses Estimates as HBOS Bad Loans Rise (Update1)
Lloyds’s pretax loss narrowed to 6.3 billion pounds ($9.6 billion) from 6.7 billion pounds in 2008, the London-based bank said in a statement today. That missed the 6.1 billion-pound median loss estimated by 22 analysts surveyed by Bloomberg. Lloyds fell in London trading.

Read more on Bloomberg

Lloyds Full-Year Loss Misses Estimates; Loan Impairments Climb

Lloyds Full-Year Loss Misses Estimates; Loan Impairments Climb
Feb. 26 (Bloomberg) — Lloyds Banking Group Plc , Britain’s biggest mortgage lender, posted a full-year loss that missed analyst estimates and said loan impairments rose in 2009.

Read more on Bloomberg

U.K. Stocks Rise, Paring Week’s Loss; Rio Tinto, Serco Advance

U.K. Stocks Rise, Paring Week’s Loss; Rio Tinto, Serco Advance
Feb. 26 (Bloomberg) — U.K. stocks climbed, paring this week’s loss and heading for a gain in February, as mining companies advanced and Serco Group Plc forecast “strong” growth in sales.

Read more on Bloomberg

Freddie Mac posts 2009 loss of 21.5 billion dollars

Freddie Mac posts 2009 loss of 21.5 billion dollars
Embattled US mortgage finance giant Freddie Mac said Friday it posted a net loss of 6.5 billion dollars in the fourth quarter to cap a whopping full year deficit of 21.55 billion dollars.

Read more on AFP via Yahoo! News

Mortgage insurer PMI posts wider-than-expected Q4 loss

Mortgage insurer PMI posts wider-than-expected Q4 loss
Mortgage insurer PMI Group Inc reported a much wider-than-expected quarterly loss, as its U.S. unit continued to post disappointing results, sending its shares down 5 percent before the bell.

Read more on Reuters via Yahoo! News

PMI Has $228 Million Loss in 10th Straight Unprofitable Quarter

PMI Has $228 Million Loss in 10th Straight Unprofitable Quarter
Feb. 16 (Bloomberg) — PMI Group Inc. , the third-largest U.S. mortgage insurer, reported a 10th straight unprofitable quarter, posting a $228.2 million loss as homeowners missed payments on loans.

Read more on Bloomberg

(AFX UK Focus) 2010-02-16 20:15 UPDATE 4-PMI Group posts wider Q4 loss, signals better 2010

(AFX UK Focus) 2010-02-16 20:15 UPDATE 4-PMI Group posts wider Q4 loss, signals better 2010
By Anurag Kotoky

Read more on Interactive Investor

Dubai lender Amlak swings to FY net loss

Dubai lender Amlak swings to FY net loss
* Posts fifth consecutive quarterly loss

Read more on Reuters via Yahoo! Asia News

Brookfield Homes reports smaller 4Q loss

Brookfield Homes reports smaller 4Q loss
Brookfield Homes Corp. said Wednesday its fourth-quarter loss narrowed from the year before as the homebuilder enjoyed increases in new orders and completed sales.

Read more on AP via Yahoo! Finance