Saudi Kayan registers fourth straight quarterly lossSaudi Kayan Petrochemical Co. reported a net loss in the fourth-quarter, the fourth straight quarter it failed to achieve a profit, hurt by product prices that have tumbled along with feedstock oil. The company, an affiliate of Sa More… |
Saudi Kayan registers fourth straight quarterly lossSaudi Kayan Petrochemical Co. reported a net loss in the fourth-quarter, the fourth straight quarter it failed to achieve a profit, hurt by product prices that have tumbled along with feedstock oil. The company, an affiliate of Sa More… |
Gold set for quarterly fall on run for cashA dash for cash has overwhelmed gold's traditional status as a haven from risk, putting the metal on course for its first quarterly fall since end-September 2008, when the global credit crunch was at its worst. Investors said gold coul More… |
Bank of America posts $1.2bn Q4 lossBank of America Corp, the largest US bank by assets, reported weaker-than-expected revenue and a second straight quarterly loss of $1.2 billion after its limping mortgage business triggered writedowns and legal settlements. Bank of America More… |
Goldman may post first quarterly lossGoldman Sachs Group could post its first ever quarterly loss as a public company in December, as market turmoil weighs on revenue for investment banking businesses and forces asset writedowns. One Wall Street analyst, Glenn Schorr at UBS, More… |