Earnings & Sales Reports, Loss | featured news

The New York Times Company reported a $35.6 million loss for the third quarter on falling advertising revenue, but deep cost-cutting and newspaper price increases helped beat projections.

Aircraft maker Boeing blames a net loss of $1.6bn (£974m) on rising production costs and poor market conditions.

Bank of America Corp. says it lost more than $2 billion in the third quarter as its loan losses continued to rise.

Southwest Airlines reported another quarter of red ink, $16 million, extending a trend that until a year ago was unseen at the discount carrier since the early 1990s. Hedging losses again weighed on results.

Sears posted a $94 million loss on compensation and restructuring charges, widely missing expectations, as revenue fell.