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Losses News

Goldman Sachs reports net loss of $393 million in third quarter

New York - For only the second time since it went public in 1999, Goldman Sachs has posted a loss in the third quarter. The financial Wall Street giant reported losses of $393 million amid sharp drops in the unstable markets.

US Postal Service nears default, losses mount

Washington - The US Postal Service (USPS), faced with a looming $9.2 billion deficit, is so short of funds it cannot make a $5.5 billion payment due this month, and unless Congress implements emergency action, could face a complete shutdown by winter.

Canadian non-farm payroll employment fell by 79,600 in February

Non-farm payroll employment fell by 79,600 in February, down 0.5% from a month earlier. Since it peaked in October 2008, the number of payroll employees has declined by 2.0% or 296,000.

Ford loss less than feared

Ford Motor Co. reported a first-quarter loss of $1.4-billion (U.S.) Friday, however, it burned through less of its cash, emphasizing that it doesn't expect to seek any of the government assistance available.

Obama may have lost $248,000 in the market last year

U.S. President Barack Obama may have lost up to $248,000 in the financial market since the beginning of 2008. The losses were limited, however, as the Obamas were pursuing a conservative investing style.

News Corp. Shows Huge Losses In Last Quarter

News Corp. is facing a huge lose because of massive write-downs of assets. Rupert Murdoch's global media company lost $6.4 billion in the last quarter.

Florida Likely To Take A $40 Million Hit While Waiting Clearance For Their Tomatoes

The salmonella outbreak in the Western U.S. has caused a ripple effect to growers in Florida who stand to lose $40 million unless the federal officials clear them quickly.

Harry Potter magic spells losses for booksellers

The seventh novel, Harry Potter and the Deathly Hallows will be released in bookstores and online stores on 21 July, 2007. It will sell plenty, but retailers discount it so much their profit margins will only be a minimum.

$5.5 Lottery winner lives on Government Pension and Social Security benefits

A $5.5 Million lottery winner lives off social security and pension benefits from Government after losing all his winnings.

Citrus growers suffer catastrophic losses in California

Farmers in California are assessing the damage to the citrus crop from the ice freeze. They believe the cost could reach half a billion.

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SUPPORT: Dancers on a Powerball float try to attract attention at the Chicago Gay Pride Parade in 20...
SUPPORT: Dancers on a Powerball float try to attract attention at the Chicago Gay Pride Parade in 2010.
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