Ten Retailers Turning Department Stores Into Mini-Malls

The idea of the in-store shop has evolved from getting space on the department store’s floor and sharing marketing costs to a more formal relationship where brands lease floor space and create a shopping experience of their own…

Beazer Reports Quarterly Loss of 81 Cents Per Share

Beazer Homes USA (BZH) reported a loss of 81 cents per share for the quarter ended Sept. 30, compared with earnings of 84 cents per share a year earlier.

Revenue for the quarter fell to $274.8 million, from $365.6 million a year earlier, the company said in a statement. Beazer took a $26.5 million non-cash pre-tax charge related to inventory impairments.

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Continue reading Beazer Reports Quarterly Loss of 81 Cents Per Share

Beazer Reports Quarterly Loss of 81 Cents Per Share originally appeared on DailyFinance on Fri, 05 Nov 2010 08:21:00.

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AIG Earnings Hit by Massive Charges

Bailed-out insurance giant American International Group (AIG) said on Friday that it posted a third-quarter net loss of $2.4 billion, or $17.62 a share, as several large restructuring-charges totaling $4.5 billion offset growth in its insurance busines…

HSBC Profits ‘Well Ahead’ of 2009

British banking giant HSBC Holdings (HBC) said Friday that its pretax profit year-to-date remained “well ahead” of 2009. Its third-quarter pretax profits, the bank said, were also “well ahead” of last year’s quarter, although revenue growth was lower t…