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Quarterly Earnings

BofA Sets Aside Least Money To Cover Bad Loans Since Before Crisis

AP | CHRISTINA REXRODE | Posted 09.17.2012 | Business

Bank of America can't shake its mortgage headache. In a reminder that the consequences from the financial crisis are far from over, the bank said Wed...

Bad News For Goldman

AP | PALLAVI GOGOI | Posted 09.16.2012 | Business

NEW YORK — Another tough quarter, another reminder for Goldman Sachs that it's not just its reputation that's under attack. The once-mighty inv...

Toyota's Bold Predicition

AP | YURI KAGEYAMA | Posted 05.09.2012 | Business

TOKYO -- Toyota's quarterly profit more than quadrupled to 121 billion yen ($1.5 billion), and the automaker gave upbeat forecasts as it recovers from...

Oil Spill Still Weighing On BP

Reuters | Posted 06.30.2012 | Business

* Q1 replacement cost net ex one-offs $4.80 bln vs f'cast $5.10 bln * To sell 50,000 bbls/day output in Gulf of Mexico ...

Automaker Nets Big Profit

Reuters | Posted 06.25.2012 | Business

* Fiat earnings aided by strong Chrysler performance * Chrysler maintains 2012 guidance of $1.5 bln profit * To begin sa...

Wells Fargo's Profits Rise As It Set Aside Less Money For Bad Loans

Reuters | Posted 06.13.2012 | Business

* Wells Fargo reports higher Q1 profit * Q1 EPS 75 vs. 67 cents a year earlier * Results helped by mortgage results ...

Major Retailer To Launch New Line Of Stores

Reuters | Posted 05.28.2012 | Business

* Pretax profit 3.7 bln crowns vs forecast 4.2 bln * March 1-27 sales up 22 percent * To open new line of stores next ye...

Major Retailer CEO: $2.4 Billion Loss 'Unacceptable'

AP | ANNE D'INNOCENZIO AND MAE ANDERSON | Posted 04.24.2012 | Business

NEW YORK — Sears said Thursday that it's unloading some of its profit-busting stores, but the retailer fell short of revealing how it plans to w...

Bailed Out Automaker Turns Record Profit

AP | TOM KRISHER | Posted 04.17.2012 | Business

DETROIT — Just two years after it was rescued and reconstituted through bankruptcy and a government bailout, General Motors Co. cruised through ...

Toyota Sees Big Profit Boost

Reuters | Posted 04.07.2012 | Business

TOKYO, Feb 7 (Reuters) - Toyota Motor Corp reported on Tuesday a forecast-beating 51 percent rise in quarterly operating profit, defying the impact...

Drug Giant's Profit Plunges After Introduction of Generic Lipitor

AP | LINDA A. JOHNSON | Posted 04.01.2012 | Business

Pfizer Inc.'s fourth-quarter profit fell by half because it sold less Lipitor, the cholesterol fighter that's the biggest drug ever to go off patent, ...

After Loss Last Year, BofA Took Home $2 Billion In Profit

AP | PALLAVI GOGOI | Posted 03.20.2012 | Business

NEW YORK — Bank of America is back to basics – slimmed down, stripped of its swagger and no longer the biggest bank in the country. And in...

Maker Of Miller Lite Sees Boost From Sales In Africa, Latin America

Reuters | Posted 03.20.2012 | Business

* Latin America and Africa lead beer volume rises * Europe and North America remain weak, Foster's down * Underlying tot...

Big Bank Sees Profit Drop On Lower Investment Banking Income

AP | PALLAVI GOGOI | Posted 03.18.2012 | Business

NEW YORK — Citigroup has a world of problems. The bank is proud of its global reach – 1,400 branches in 46 countries. But in Asia, the ec...

Wells Fargo Sees Profit Boost, As Bank Set Aside Less To Cover Bad Loans

Reuters | Posted 03.18.2012 | Business

* Q4 EPS 73 cents per share vs. 61 cents a year ago * Bank set aside less money for bad loans * Wells posts 2 percent co...

Housing Bust Continues To Haunt Big Banks

AP | By PALLAVI GOGOI | Posted 01.14.2012 | Business

NEW YORK -- The economy may be healing, but banks are suffering from a housing hangover. JPMorgan Chase spent $3.2 billion last year to fight lawsuit...

Ben Hallman

Big Bank's Profit Plunged Last Quarter

HuffingtonPost.com | Ben Hallman | Posted 03.14.2012 | Business

NEW YORK -- Wall Street earnings season kicked off Friday with JPMorgan Chase & Co. reporting its financials after a year in which the biggest consume...

I "Like" Facebook's IPO -- If It's Committed to the Long Term

Judith Samuelson | Posted 02.21.2012 | Business
Judith Samuelson

This is a big moment. Facebook and its peers have changed the way we communicate. I hope Zuckerberg and his team think deeply about the conditions for their long-term success.

After Loss In Book Sales, Huge Bookseller Plans To Invest More In Digital

AP | By MAE ANDERSON | Posted 12.01.2011 | Business

NEW YORK -- Barnes & Noble Inc. said Thursday it plans to invest more heavily in its Nook e-book reader and digital media, even as it reported a third...

FDIC: Banks Take Home Most Money In Four Years

AP | DEREK KRAVITZ | Posted 01.22.2012 | Business

WASHINGTON — Bank earnings rose over the summer to their highest level in more than four years, while the number of troubled banks fell for the ...

Walmart's Gain Indicate U.S. Economy May Be Headed For Rebound

AP | ANNE D'INNOCENZIO | Posted 01.15.2012 | Business

NEW YORK — Wal-Mart got an early Christmas gift: Its strategy of offering the lowest prices and shoppers' favorite goods is starting to bear fru...

Drug Giant Beats Profit, Sales Forecasts

Posted 01.01.2012 | Business

Pfizer Inc reported better-than-expected quarterly results, helped by sales growth of its prescription drugs in emerging markets and its animal he...

Shell Profits Double, As Oil Giant Rakes In Billions

AP | By TOBY STERLING | Posted 12.27.2011 | Business

AMSTERDAM -- Royal Dutch Shell PLC, Europe's largest oil company, says profits doubled to nearly $7 billion in the third quarter because of higher oil...

After Rogue Trader, UBS Profit Plunges

AP | By JOHN HEILPRIN | Posted 12.25.2011 | Business

GENEVA -- Scandal-hit Swiss bank UBS AG reported Tuesday a 39 percent drop in third-quarter profit, slightly less than feared, due to a rogue trading ...

Morgan Stanley Nets Billions In Profit, After Loss Last Year

Posted 12.19.2011 | Business

Morgan Stanley swung to a $2.15 billion profit in the third quarter, helped by a large accounting gain, even as core revenue in trading, banking a...