Osg America LP reports loss
OSG America LP reported a net loss of $53.5 million for the fourth quarter due to non cash charges of $63 million for goodwill impairment, including the value of intangible assets and deteriorating economic conditions.
UK electronic goods retailer DSG International said Thursday that its net loss for the year ending May 2 narrowed to 219.4 million pounds from 260.8 million pounds, while revenue slipped 1% to 8.36 billion pounds.