December 11, 2007

H&R Block loss wider than expected (Reuters)

A view of an H and R Block office in Chicago April 16, 2007. H and R Block Inc, slammed over the past year by exposure to subprime mortgages, said on Tuesday it expects to report a wider quarterly loss due to losses on mortgage assets sales and charges related to restructuring its Option One Mortgage unit. (John Gress/Reuters)Reuters – H&R Block Inc , slammed over
the past year by exposure to risky mortgages, reported a
bigger-than-expected quarterly loss on Tuesday after shutting
down its Option One Mortgage subprime lender.

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