Journal Communications posts quarterly loss on charges
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.
Bank of America Corp , posted its first quarterly loss in 17 years on Friday and slashed its dividend, hours after winning a multibillion-dollar lifeline from the US government to help absorb Merrill Lynch, which lost a record $15.31 billion in the quarter.