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Troubled Safeway acquisition by Sobeys hits Empire with $1.36-billion Q3 loss
2016-03-10 16:20:06| Grocery - Topix.net
The company behind the Sobeys grocery chain has written down the value of its western business, primarily the Safeway chain, resulting in a loss of $1.36 billion in its latest quarter. Empire says the loss was largely due to a recognition that the long-term value of the Safeway business is lower than previously estimated.
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Cardiome Pharma posts 4th-quarter loss of $7.4 million
2016-03-10 16:07:07| Biotech - Topix.net
For the year, the company reported that its loss widened to $24.5 million, or $1.34 per share. Revenue was reported as $20.9 million.
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Transat AT posts Q1 loss despite higher revenue as weak loonie pushes up costs
2016-03-10 15:52:13| Real Estate - Topix.net
Transat AT posted a loss in its latest quarter, which included the Christmas holiday period, despite higher revenue as the weak Canadian dollar hurt its results. The travel company said the loonie's weakness against the U.S. dollar resulted in higher overall costs that weren't completely offset by lower fuel prices or higher average selling prices for its services.
Tailored Brands to close 250 stores after $1bn loss
2016-03-10 12:07:00| Daily apparel & textile news and comment - from just-style.com
US men's formal wear retailer Tailored Brands, formerly known as Men's Wearhouse, is to close 250 stores in 2016, including all of its outlets, after seeing its fourth-quarter loss widen to US$1.06bn.
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Energy firm E.On posts 7bn annual loss
2016-03-09 08:56:15| BBC News | Business | UK Edition
German energy firm E.On says losses more than doubled in 2015 after a big writedown in the value of its loss making power plants.
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