Morton’s price plummets as losses deepen

CHICAGO The price for shares of Morton’s Restaurant Group Inc. fell to an annual low Thursday after the steakhouse company reported that slowed sales and a large impairment charge against corporate assets had led to a deeper net loss for the third quarter.

Because of current market conditions and the company’s reduction in market capitalization, it reviewed its carrying value for goodwill and other intangible assets, which typically refer to a company’s brand,

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