Reuters - U.S. Bancorp posted a
larger-than-expected 18 percent decline in quarterly profit on
Tuesday after housing-related losses caused it to triple the
amount it set aside for bad loans. -- read full article
AP - U.S. Bancorp said Tuesday its second-quarter earnings fell 18 percent as it more than tripled its provision for credit losses. The bank missed analysts' earnings expectations, but its stock price rose more than 1 percent. -- read full article
AP - Health-care giant Johnson & Johnson on Tuesday beat Wall Street expectations with an 8 percent jump in second-quarter profit, thanks to strong consumer sales and the weak dollar inflating sales overseas. -- read full article
Reuters - First Horizon National Corp ,
the largest bank in Tennessee, said on Monday that it reported
a second-quarter loss, amid continuing difficulties in the
credit markets. -- read full article
Reuters - Associated Banc-Corp , a U.S. Midwest
banking company, reported quarterly profit well below Wall
Street estimates, weighed down by an eleven-fold increase in
provision for bad loans. -- read full article
AP - Royal Philips Electronics NV, the world's largest maker of lighting products, said Monday its second-quarter profit fell by more than half, despite resilient sales in a battered global economy. -- read full article
AP - Investors can't seem to catch a break — Wall Street again starts a week with oil prices at their highest levels yet, and banks poised to reveal that they remain on shaky footing.
AP - General Electric Co. reverted to form with no big surprises in its latest earnings report, and investors shocked by an unexpected profit shortfall three months ago showed their appreciation. -- read full article
Investor's Business Daily - Drivers know Murphy Oil as the operator of low-price gas stations in Wal-Mart parking lots in 20 states. -- read full article
AP - Investors already disheartened about the growing problems of the financial sector and the soaring price of oil are facing more depressing news with the release of second-quarter earnings reports.
Reuters - Aerospace electronics company Rockwell
Collins Inc reported a 19 percent rise in quarterly
profit on Friday, helped by expanding margins in its government
and commercial businesses. -- read full article
AP - 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 business for $5.4 billion.
AP - Hotel operator Marriott International Inc. said Thursday that second-quarter earnings dropped 24 percent as the deteriorating economy dragged down demand, a trend the company expects will extend into next year.
Reuters - Wal-Mart Stores Inc on
Thursday reported a 5.8 percent rise in June sales at U.S.
stores open at least a year, beating Wall Street estimates, and
the discount retailer raised its second-quarter earnings
forecast. -- read full article
Reuters - Marriott International Inc ,
the world No. 3 hotel operator, reported lower quarterly profit
on Thursday and expects weak economic growth and soft U.S.
lodging demand to persist into next year. -- read full article
