The world’s largest cellphone maker cited pressure from the economic crisis and currency volatility.
The world’s largest cellphone maker cited pressure from the economic crisis and currency volatility.
The company said mall traffic has been weak so far this month and issued a fourth-quarter forecast that was well below analysts’ expectations.
Shares of Abercrombie & Fitch fell the most in eight years after the teen-apparel retailer cut its profit forecast as shoppers held off on buying upscale jeans.
The mortgage finance giant, now under government conservatorship, recorded the loss as it wrote down a tax-related asset that had buoyed its capital and the housing slump worsened.
The mortgage finance giant, now under government conservatorship, recorded the loss as it wrote down a tax-related asset that had buoyed its capital and the housing slump worsened.
The mortgage finance giant, now under government conservatorship, recorded the loss as it wrote down a tax-related asset that had buoyed its capital and the housing slump worsened.
Siemens, the German industrial conglomerate, reported a huge quarterly loss as it wrote off the cost of shedding its troubled business telecommunications unit.
Wal-Mart Stores Inc. is reporting a 10 percent increase in third-quarter profit as its renewed focus on low prices is attracting financially squeezed shoppers.
The Fortress Investment Group, one of a handful of publicly traded hedge and private equity firms, reported a wider-than-expected quarterly loss, as heavy redemptions hurt returns.
Wal-Mart Stores Inc. is reporting a 10 percent increase in third-quarter profit as its renewed focus on low prices is attracting financially squeezed shoppers.