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By Julie Haviv 1 hour, 30 minutes ago NEW YORK (Reuters) - U.S. home foreclosures and the rate of homes entering foreclosure rose to record highs in the second quarter, the Mortgage Bankers Association said on Friday.
"The national foreclosure numbers..
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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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25 minutes ago WASHINGTON (Reuters) - The U.S. economy expanded at a stronger-than-first-reported 3.3 percent annual rate in the second quarter, as consumer spending and net exports were more robust than initially estimated and inventories fell less sha..
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8 minutes ago (Reuters) - Wall Street research analysts are projecting yet another tough quarter for U.S. investment banks marked by additional writedowns across a series of fixed-income assets amid an already weak operating environment.
Citigroup anal..
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25 minutes ago NEW YORK (Reuters) - J.C. Penney Co Inc (JCP.N) said on Friday quarterly profit fell 36 percent and forecast earnings for the current quarter below Wall Street expectations, hurt by cutbacks in consumer spending.
The mid-tier department..
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23 minutes ago NEW YORK (Reuters) - Deere & Co (DE.N), the world's largest maker of farm machinery, reported lower-than-expected sales and profits in the latest quarter and said raw material costs would hurt profits in the fourth quarter, sending shares..
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By Glenn Somerville 1 hour, 3 minutes ago WASHINGTON (Reuters) - U.S. business productivity rose solidly in the second quarter as companies cut jobs to cope with rising costs, helping curb inflation pressures while also keeping a tight grip on stocks of..
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By Yinka Adegoke 2 hours, 5 minutes ago NEW YORK (Reuters) - U.S. satellite television provider DISH Network Corp (DISH.O) reported a surprise drop in subscribers in the second quarter as it lost ground to cable and phone competitors.
Although the subs..
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By JEANNINE AVERSA, AP Economics Writer 43 minutes ago WASHINGTON - The country didn't get the energetic rebound in economic growth hoped for from the government's tax rebates in the second quarter, and the economy jolted into reverse at the end of 2007..
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By JEANNINE AVERSA, AP Economics Writer 13 minutes ago WASHINGTON - Economic growth picked up in the second quarter as tax rebates energized consumers. The rebound followed a treacherous patch where the economy jolted into reverse at the end of 2007.
T..
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4 minutes ago WASHINGTON (Reuters) - Expansion accelerated modestly in the second quarter as government stimulus payments helped consumers add more buying punch to the economy, a Commerce Department report on Thursday showed.
Gross Domestic Product or..
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Tue Jul 29, 6:26 PM ET SPARTANBURG, S.C. - Denny's Corp. said Tuesday that its net income plummeted in the second quarter because of the sale of some company stores and weak consumer spending.
The chain restaurant company earned $3.2 million, or 3 cent..
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By Bill Berkrot 15 minutes ago NEW YORK (Reuters) - Amgen Inc (AMGN.O) reported a far better-than-expected quarterly profit on a surprising rebound in sales of its anemia drug Aranesp from the preceding quarter, and the company raised its 2008 forecast...
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Fri Jul 25, 5:08 AM ET NEW YORK (Reuters) - Home foreclosure filings rose 14 percent in the second quarter, the eighth consecutive quarterly climb, and more than doubled from the same period a year-earlier, real estate data firm RealtyTrac said on Frida..
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Patrick Cain Tue Jul 22, 6:06 PM ET Would you buy, sell or hold this stock?
The company at this time was heavily traded and owned by dozens of mutual funds.
Its earnings growth jumped from 67% in the September 2005-ended quarter to 117% in the March 2..
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By STEPHEN SINGER, AP Business Writer 1 hour, 27 minutes ago HARTFORD, Conn. - Industrial and financial conglomerate General Electric Co. said Friday its profit fell 6 percent in the second quarter, and has agreed to sell its Japanese consumer finance b..
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2 hours, 38 minutes ago NEW YORK (Reuters) - Office supplies retailer Office Depot Inc (ODP.N) said on Tuesday that its North American same-store sales fell nearly 10 percent in the second quarter and warned its operating margins would fall more than ex..
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12 minutes ago NEW YORK (Reuters) - Oil and gas producer ConocoPhillips (COP.N) on Tuesday said its second-quarter oil production fell 60,000 barrels of oil equivalent per day from the first quarter, due mostly to planned maintenance.
The Houston-based..
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By Ilaina Jonas Mon Jul 7, 12:58 AM ET NEW YORK (Reuters) - U.S. store closings and cutbacks turned the second quarter into the worst for strip mall owners in 30 years, as budget-conscious consumers flocked to low-cost warehouse-style grocery centers, a..
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1 hour, 47 minutes ago (Reuters) - Citigroup Inc (C.N) may write down $8.7 billion and Merrill Lynch & Co Inc (MER.N) $4.5 billion in the second quarter, according to analysts at UBS, who also forecast a second-quarter and full-year loss for both compan..
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