Reuters - IBM reported a 22 percent rise in quarterly profit, blowing past Wall Street targets and raising its 2008 forecast, as emerging markets used its services, software and equipment to expand, and larger countries turned to technology to save money.

AP - Merrill Lynch & Co. on Thursday issued its latest assessment of the damage it has suffered from the credit crisis: its fourth straight quarterly loss and write-downs from failed investments approaching $40 billion.

AP - Under Hector Ruiz's leadership, chip maker Advanced Micro Devices Inc. rose to challenge larger rival Intel Corp. as never before in AMD's nearly 40-year history.

AP - Google Inc. has successfully tackled a lot of complex problems during its first decade in business, but even the Internet search leader may be hard pressed to find a way to sustain its rapid earnings growth amid a sputtering economy in the United States and parts of Europe.

AP - With a Yahoo Inc. search deal uncertain at best, Microsoft Corp. plans to invest hundreds of millions of dollars more than expected in the next year to whip its unprofitable online operations into shape.

AP - IBM Corp.'s earnings, used to gauge the health of global technology spending, were a bright spot in an otherwise dreary economic landscape.

Reuters - Continental Airlines Inc on Thursday reported a quarterly loss, citing high fuel prices, a weakening economy and a weak U.S. dollar.

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.