Energy Future Holdings, formerly TXU Corp., loses $9.8 billion in 2008
Energy Future Holdings, formerly TXU Corp., said Tuesday that it lost $9.8 billion in 2008 after taking a previously disclosed $8.9 billion write-down in the value of its assets because of the nation's continuing financial crisis.
US automotive concern Ford Motor Company reported Thursday that it lost 8.7 billion dollars in the second quarter of 2008 amid writedowns in the value of its assets and announced it would speed up its move toward more fuel-efficient vehicles.