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Oct
27
Posted: 3 month(s) and 14 days(s) ago   |   0 Comment(s)   |   Rating: 0 0
Posted by: crwepicks

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NEW YORK (CRWENewswire) -- Shares of Winn-Dixie Stores Inc. continued to drop on Tuesday, a day after the grocery-store operator posted a wider loss in its first quarter and gave a weak forecast for fiscal 2010.

BMO Capital Markets analyst Karen Short in a note to investors called Winn-Dixie sales a"wild card." She said there is a chance that Winn-Dixie might not meet its lower outlook, suggesting that sales at stores open more than a year will decline between 1 percent and rise 1 percent.

LAS VEGAS (CRWENewswire) -- Casino operator Harrah's Entertainment, the world's largest gambling company, is reporting a third-quarter loss of more than $1.6 billion.

The Las Vegas company says it lost $1.62 billion in the quarter that ended Sept. 30 on revenue of $2.28 billion. In the same period a year earlier, it lost $129.7 million on revenue of $2.65 billion.

The company says it recorded a $1.33 billion drop in the value of its assets.

CHARLOTTE, North Carolina (CRWEnewswire) -- Shares of American International Group Inc. fell Tuesday as the company continues to face challenges in repaying government funds.

The insurer's recent loss of executives to the company of former CEO Maurice "Hank" Greenberg may further complicate its efforts to pay back more than $180 billion, a report published in The New York Times said Tuesday.

Shares of AIG fell $1.65, or 4.6 percent, to $34.60 in afternoon trading.

 

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