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    Corporate Earnings Headlines
    JPMorgan Chase profit falls 53 pct on loan losses (AP)

    In this Jan. 16, 2008 file photo, a customer leaves a branch of Chase Bank in New York. JPMorgan Chase reported a 53 percent profit decline Thursday as defaults rose in mortgages and other loans, but the bank's results were better than the market anticipated.  (AP Photo/Mark Lennihan, file)AP - JPMorgan Chase's profit took a 53 percent hit in the second quarter as mortgage and other loan defaults worsened, but the bank's results were better than expected and gave Wall Street a lift.


    -- read full article
    Thu, 17 Jul 2008 13:27:15 GMT - Yahoo! News: Earnings News
    United Tech profit beats Street, raises forecast (Reuters)
    Reuters - Diversified U.S. manufacturer United Technologies Corp reported better-than-expected quarterly profit Thursday on solid demand for Otis elevators and fire and security equipment from the commercial construction sector, sending its shares up almost 5 percent. -- read full article
    Thu, 17 Jul 2008 13:40:28 GMT - Yahoo! News: Earnings News
    Media General swings to 2Q loss, sees $500M charge (AP)
    AP - Media General Inc. swung to a loss in the second-quarter on severance costs and lower ad revenue and expects to take an additional charge of up to $550 million to write down the value of its intangible assets. -- read full article
    Thu, 17 Jul 2008 14:12:56 GMT - Yahoo! News: Earnings News
    Harley 2Q profit tumbles on fewer shipments (AP)

    In this June 21, 2008 file photo, a woman rides her Harley Davidson during the 'Hamburg Harley Days 2008,' in Hamburg, Germany. Harley-Davidson Inc. said Wednesday, July 16, 2008, its second-quarter profit fell sharply as a weak economy, record-high gas prices and lower consumer confidence continued to hobble the iconic motorcycle maker's shipments and sales.  (AP Photo/Fabian Bimmer)AP - Harley-Davidson Inc. said Thursday its second-quarter profit fell sharply as a weak economy, record-high gas prices and lower consumer confidence continued to hobble the iconic motorcycle maker's shipments and sales.


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    Thu, 17 Jul 2008 14:56:26 GMT - Yahoo! News: Earnings News
    Elevators lift United Technologies' 2Q results (AP)
    AP - United Technologies Corp.'s second-quarter profit rose 11 percent, as the maker of everything from jet engines to ventilation systems reported strong growth at its subsidiaries Otis elevator and Carrier air conditioner. -- read full article
    Thu, 17 Jul 2008 15:18:53 GMT - Yahoo! News: Earnings News
    Sherwin-Williams 2Q profit falls; tops forecast (AP)
    AP - A weak housing market and higher material costs dragged Sherwin-Williams Co.'s second-quarter profit down 15 percent, the paint-maker said Thursday. The company said it would raise prices for the third time this year. -- read full article
    Thu, 17 Jul 2008 16:23:07 GMT - Yahoo! News: Earnings News
    Continental slides to 2Q loss on fuel costs (AP)

    Continental Airlines commuter jets park at Terminal D at Cleveland Hopkins Airport Thursday, July 17, 2008. Houston-based Continental reported a second quarter loss hurt, by record fuel prices and a weakening economy. (AP Photo/Mark Duncan)AP - Continental Airlines Inc. said Thursday it swung to a second-quarter loss, hurt by record high fuel prices and weakening economic conditions.


    -- read full article
    Thu, 17 Jul 2008 16:37:02 GMT - Yahoo! News: Earnings News
    Coca-Cola drinkers to pay more after Labor Day (AP)

    Coca Cola packaging is seen on the shelf, Tuesday, July 15, 2008 at a grocery store in Danvers, Mass. Coca-Cola Co. said Thursday, its second-quarter profit fell 23 percent as it took a one-time charge related to its bottler.  (AP Photo/Lisa Poole)AP - Drinkers of Coca-Cola can expect to pay more starting this fall after the company's biggest bottler said Thursday that it would raise prices.


    -- read full article
    Thu, 17 Jul 2008 17:12:01 GMT - Yahoo! News: Earnings News
    Stocks surge as falling energy prices bolster mood (AP)

    Trader Tommy Kalikas talks on his phone as he checks his digital notepad during early trading at the New York Stock Exchange, Thursday July17, 2008.Stocks mostly rose Thursday as investors parsed stronger-than-expected quarterly reports from JPMorgan Chase & Co. and United Technologies Corp. that gave investors some reassurance about the health of the economy.  (AP Photos/Bebeto Matthews)AP - Wall Street is surging for the second straight day as tumbling energy prices bolster an already upbeat mood in the market. The Dow Jones industrial average is up 170 points at the 11,409 level, and has been up more than 200 in afternoon trading.


    -- read full article
    Thu, 17 Jul 2008 18:37:45 GMT - Yahoo! News: Earnings News
    Safeway 2Q profit rises, shares tumble on outlook (AP)
    AP - Higher gas sales and a boost from its more upscale stores helped grocer Safeway Inc. post slightly higher second-quarter earnings Thursday, but a downbeat outlook because of consumers cutting back sent its shares tumbling more than 10 percent. -- read full article
    Thu, 17 Jul 2008 18:02:55 GMT - Yahoo! News: Earnings News
    Summary Box: Coca-Cola prices to rise soon (AP)
    AP - AT THE REGISTER: Buyers of Coca-Cola can expect to pay more starting this fall since the company's biggest bottler, which sets prices for retailers, will raise prices after Labor Day. -- read full article
    Thu, 17 Jul 2008 18:27:04 GMT - Yahoo! News: Earnings News
    EBay net profit rises, aided by share buybacks (Reuters)

    **FILE PHOTO** In this photo made available  by The Walter Sisulu Pediatric Cardiac Center for Africa (WSPCCA), former US president Bill Clinton, second from left, supports former South African president, Nelson Mandela, left, during a visit to the Sunninghill Hosptal, in Johannesburg, July 13, 2006. Mandela and Clinton teamed up to raise funds for African children with heart problems by auctioning a  'tea with Mandela' on  eBay. (AP Photo/Karin Colsen-WSPCCA)Reuters - Online auctioneer eBay Inc on Wednesday posted a 22 percent rise in quarterly profit, edging above Wall Street estimates, helped by a surge in new listings and share repurchases by the company.


    -- read full article
    Wed, 16 Jul 2008 20:17:50 GMT - Yahoo! News: Earnings News
    American Airlines' parent swings to big 2Q loss (AP)
    AP - The parent of American Airlines swung to a big loss in the second quarter, but shares in the nation's biggest carrier soared one-third higher on Wednesday as oil prices fell, offering hope that jet fuel might get cheaper too. -- read full article
    Wed, 16 Jul 2008 20:21:07 GMT - Yahoo! News: Earnings News
    Delta, AMR post combined $2.5 billion 2Q loss (AP)
    AP - The red ink is mounting for airlines amid soaring fuel costs, leaving them little choice but to further hike ticket prices. As Delta Air Lines and American Airlines reported big second-quarter losses Wednesday, they signaled customers should expect more hits to their checkbooks. -- read full article
    Wed, 16 Jul 2008 20:35:19 GMT - Yahoo! News: Earnings News
    Wells Fargo profit drops, but dividend rises (AP)
    AP - Wells Fargo gave anxious investors a pleasant surprise Wednesday, reporting a profit drop that was milder than anticipated and lifting its quarterly dividend by 10 percent. -- read full article
    Wed, 16 Jul 2008 20:58:14 GMT - Yahoo! News: Earnings News
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