Move Inc. loses $4.6 million in Q1

Company takes impairment charge for student-loan investment operator Move Inc. (NASDAQ: MOVE) reported Thursday that new product development costs and charges related to the elimination of some business units contributed to a $4.6 million net loss, or 3 cents per share, in the first quarter.

The company’s quarterly loss compared with net income of $163,000 in first-quarter 2007.