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Quarterly Losses

Banks of America

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

Investors must realize that before these financial companies can begin to return profits to their investors, the government must get paid back first.

Yahoo Profits Sink; 1,000 To Be Laid Off

Los Angeles Times | Jessica Guynn | Posted 05.25.2011 | Business

Facing rising competition and shareholder unrest, Yahoo Inc. on Tuesday took steps to reverse its flagging fortunes, including its first layoffs since...

Countrywide Posts $422 Million Loss

AP | ALEX VEIGA | Posted 05.25.2011 | Business

LOS ANGELES — The $422 million loss Countrywide Financial Corp. reported Tuesday didn't appear to scare off Bank of America. "At this point, ev...

Wells Fargo Posts Lowest Quarterly Profit In Six Years

AP | Michael Liedtke | Posted 05.25.2011 | Business

Wells Fargo & Co. ended 2007 with its lowest quarterly profit in six years, dragged down by the declining home values and mortgage mess that's torment...

Bear Stearns Sinks, Posts Huge Quarterly Loss

AP | Posted 05.25.2011 | Business

Bear Stearns Cos., the No. 5 U.S. investment bank, said Thursday a bigger-than-expected writedown of its mortgage portfolio caused a substantial quart...