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By Eric Auchard 59 minutes ago SAN FRANCISCO (Reuters) - Google Inc (GOOG.O) quarterly profit beat Wall Street targets, sending shares up 6 percent as the Internet search and advertising leader withstood deepening economic turmoil.
Web traffic and reve..
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By MADLEN READ, AP Business Writer 1 hour, 4 minutes ago NEW YORK - JPMorgan Chase & Co.'s profit tumbled 84 percent in the third quarter after it took big hits from souring mortgage investments, leveraged loans and home loans.
Profit at the New York-b..
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By Jonathan Stempel 25 minutes ago NEW YORK (Reuters) - Wells Fargo & Co (WFC.N), whose planned purchase of Wachovia Corp (WB.N) will create the largest U.S. retail branch banking network, said on Wednesday third-quarter profit fell 25 percent, hurt by..
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11 minutes ago NEW YORK (Reuters) - JPMorgan Chase & Co's (JPM.N) quarterly profit fell 84 percent, due to mark-downs on underperforming loans, but the results still beat analysts' forecasts.
JPMorgan, whose shares slipped 2.5 percent in pre-market tra..
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1 hour, 11 minutes ago NEW YORK (Reuters) - PepsiCo Inc (PEP.N) reported a quarterly profit that missed Wall Street expectations, hurt by disappointing U.S. soft drink sales.
The maker of Pepsi-Cola drinks, Frito-Lay snacks and Quaker foods also said o..
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19 minutes ago SAN FRANCISCO (Reuters) - Chevron Corp (CVX.N) expects third-quarter upstream production earnings to fall from the previous quarter because of lower energy prices and the impact of Gulf of Mexico hurricanes.
The second-largest U.S. oil c..
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40 minutes ago NEW YORK (Reuters) - Aluminum producer Alcoa Inc (AA.N) on Tuesday posted a quarterly profit that missed analysts' estimates on softer demand, higher costs and sharply lower prices for aluminum.
The company said it was taking a number of..
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Fri Oct 3, 8:01 AM ET NEW YORK (Reuters) - Family Dollar Stores Inc (FDO.N) posted a higher-than-expected quarterly profit on Friday, helped by shoppers who spent tax rebate checks at the discount retailer and by closely controlling costs.
The company,..
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7 minutes ago BOSTON (Reuters) - Shares of General Electric Co fell 8 percent on Wednesday after a stock analyst said the U.S. conglomerate may be set for a drop in profit next year and the cost to insure its debt skyrocketed.
The company said its comm..
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Tue Sep 30, 2:59 AM ET LONDON (AFP) - Britain's biggest retailer Tesco said on Tuesday that its net profit jumped by almost 11 percent during the group's first half to more than one billion pounds as it beat off economic woes.
Tesco said in an earnings..
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By Wojtek Dabrowski 1 hour, 20 minutes ago TORONTO (Reuters) - BlackBerry maker Research In Motion (RIM.TO)(RIMM.O) posted a sharply higher quarterly profit on Thursday but its profitability outlook disappointed investors, sending its shares down more t..
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By Scott Malone 49 minutes ago BOSTON (Reuters) - General Electric Co (GE.N) slashed its profit forecast on Thursday, warning that the turmoil in global credit markets could drive its earnings down as much as 12 percent.
The news confirmed Wall Street'..
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37 minutes ago DETROIT (Reuters) - Package delivery company FedEx Corp (FDX.N) reported quarterly profit in line with estimates, but said earnings had been hurt by challenging global economic conditions and high fuel prices.
FedEx also gave an outlook..
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By ASHLEY M. HEHER, AP Business Writer 1 hour, 54 minutes ago CHICAGO - Best Buy Co. said Tuesday that its second-quarter profit slid 19 percent as it spent money to boost cell phone sales by completing the rollout of its Best Buy Mobile concept to near..
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1 hour, 28 minutes ago NEW YORK (Reuters) - Staples Inc (SPLS.O), the world's largest office products retailer, said on Wednesday that quarterly profit fell as customers cut back on spending in the troubled U.S. economy.
Earnings declined to $150.2 mil..
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By Sachi Izumi 2 hours, 48 minutes ago TOKYO (Reuters) - Nintendo Co boosted its annual profit outlook by 23 percent on white-hot demand for its Wii video game console and DS portable player, beating market expectations and sending its shares more than..
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1 hour, 20 minutes ago SAN FRANCISCO (Reuters) - Diversified U.S. chipmaker Marvell Technology Group Ltd (MRVL.O) posted better-than-expected profit on Thursday as revenues grew strongly in the second quarter.
The company reported second-quarter net in..
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By ASHLEY M. HEHER, AP Business Writer 5 minutes ago CHICAGO - Beleaguered retailer Sears Holdings Corp. reported a hefty drop in second-quarter profit as sales slumped, despite a restructuring aimed at drawing back shoppers who've taken their checkbook..
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By Aarthi Sivaraman 23 minutes ago NEW YORK (Reuters) - Upscale U.S. jeweler Tiffany & Co (TIF.N) posted a higher-than-expected profit and raised its full-year forecast on strong sales overseas, while middle-tier Zale Corp (ZLC.N) posted a loss due to p..
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By Saeed Azhar and Kevin Lim 51 minutes ago SINGAPORE (Reuters) - Singapore wealth fund Temasek warned of further contagion from the global credit crisis after it doubled its full-year profit by selling billions of dollars of assets.
The fund, which po..
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