Lsi posts quarterly net loss due to charge
LSI Corp posted a quarterly net loss on Wednesday as the maker of microchips used in networks and data-storage systems booked a $2 billion non-cash charge for impairment of goodwill.
Journal Communications Inc, publisher of the Milwaukee Journal Sentinel, posted a quarterly loss, hurt by an impairment charge and decreased advertising spend by customers, and said it continued to see revenue declines across all its businesses in the first quarter.