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Although executives at the firm blame the losses on a decision to scale back the company's money-losing internet and mail-order catalogue sales, they also concede the company has suffered as result of allegations that Stewart, acting on a tip-off, sold stock in drug maker ImClone Systems before the release of damaging news.
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The firm blamed "market conditions".
The British firm blamed the drop on Europe's struggling economy and low consumer confidence.
The firm blamed a "common bug", but Apple's shares moved on various rumours.
The firm blamed trouble installing the complicated electrical wiring for the plane's entertainment system.
The firm blamed increased product investment of £1m and additional foreign exchange costs on overseas subsidiaries.
In June the consultancy firm blamed delays on its software subcontractor iSoft, the beleaguered London-listed group.
The oil firm blamed the "extremely challenging business environment" rather than years of protest against the sponsorship, the Independent reported.
The electronics firm blamed the setback on technical hitches in the console's disk drive, which uses Sony's much-vaunted Blu-ray technology.
Less than a year later he was out of his job, with one leading investor in the firm blaming his departure on the "medieval persecution" by committee members.
The firm blames its bankruptcy on onerous labour contracts, under which it says pilots earn 49% more than their counterparts at big American airlines although America is a rich country and Mexico is not.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com