With jurisdiction over many of Time Warner's publishing and cable businesses, he led the charge for cost-cutting.
The automaker would have reported a $181 million profit in the second quarter, but had to take a $551 million one-time charge for costs associated with the repayment of loans from the Treasury Department and the Canadian government.
As part of its expense, the company took a $308 million charge for costs associated partly with a restructuring that has involved the cutting of some 3,100 jobs, with 1,300 more layoffs planned.
The Times Company said the earnings number it preferred to focus on -- which excluded special items like the magazine group sale and a $79.1 million charge for costs related to work force reductions in the second quarter -- came to $70.5 million, or 44 cents a diluted share, down from $101.7 million, or 59 cents a diluted share, a year earlier.
The loss includes millions in charges related to Textron's decision to exit most of its financial businesses in addition to a $64.0 million charge for cost-saving initiatives.
The net loss was 95 cents per share, which includes a 39 cents per share charge for costs related to the conversion of debt.
THE mutual fund scandals provide a reminder that shareholders are routinely charged for costs that they know little or nothing about.
He made only one major compromise, that hospitals and doctors would determine the "reasonable charges" for costs rather than the government doing so through regulated prices.
Its auditors warned of "material weakness and non-compliance" over the documentation held by Imperatis of New Century's costs and said that "the government may have been charged for costs that were unallowable to the Legacy East project".
[C17.] Ford to Take a $3.3 Billion Charge Ford will take $3.3 billion in charges for costs of spinning off its Visteon parts unit and reorganizing its European business, resulting in its first quarterly loss since the end of 1992.
The Ford Motor Company will take $3.3 billion in charges for costs of spinning off its Visteon Corporation parts unit and reorganizing its European business, resulting in its first quarterly loss since the end of 1992.
