"facing loss" is correct and usable in written English.
You can use it to refer to a situation in which someone has, or is in danger of, experiencing a loss or deprivation. For example, "The business was facing loss due to the economic recession."
Both AstraZeneca and Merck are facing loss of patent protection for some of their top-selling drugs.
However, other evidence points towards groups of former military officers and nuclear scientists suddenly facing loss of privileges and income.
And we will support Americans facing loss of work through expanded and improved trade adjustment assistance, which offers expanded unemployment benefits and worker retraining programs.
The worst, he warned, is yet to come -- when people are left with the quiet, terrible task of facing loss alone.
The songs, dating from the 1960s to the 2000s, were about lonely wanderers and uncertain lovers, about growing older, facing loss and grasping at dreams.
While some subprime mortgage borrowers from rapidly downsizing giant Countrywide Financial are facing loss of their homes, boss Angelo R. Mozilo is spending $1 million fixing up his own.
Firms facing losses because of a big freeze or baking sun do not have that option.
Even the supposedly safe pieces of C.D.O.'s that it owned, including its piece of Stack, were facing losses.
Did Thain let the fact that Merrill was facing losses of capital in the $39 billion range get him down?
Even those mediocre returns may be better than many smaller endowments, which, like Harvard, may be facing losses.
The government must also complete last June's modest labour reform by defining how companies facing losses might shed workers.
