iOS app Android app

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.

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...

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...

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...