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HP’s solid outlook sends shares soaringHewlett-Packard says it expects fiscal fourth-quarter results above Wall Street's expectations despite the bad economy.
Home Depot earnings dive 31 percentHome Depot Inc. said Tuesday its third quarter profit sank 31 percent on slow sales at established locations as consumers continued to cut back on spending.
Target, Lowe’s both see profit drop of 24%Target Corp. and Lowe's Companies both reported profit declines of 24 percent Monday, amid a sharp pullback in consumer spending.
Freddie seeks government aid after huge lossFreddie Mac is asking for an initial injection of $13.8 billion in government aid after posting a massive quarterly loss Friday.
Wal-Mart’s quarterly profit rises 10 percentWal-Mart Stores Inc. is reporting a 10 percent increase in third-quarter profit as the world’s largest retailer’s renewed focus on low prices is attracting financially squeezed shoppers.
Starbucks profit plummets by 97 percent Starbucks says its profit dropped 97 percent in its fourth quarter mainly because of the costs of closing underperforming stores and also falling sales in the U.S.
Fannie Mae posts $29 billion quarterly lossFannie Mae posted a $29 billion loss in the third quarter as it took a massive tax-related charge, and warned that its $100 billion lifeline from the government may not be sufficient.
Bright spot: Golden Arches sees sales soarConsumers worldwide who are watching their spending bought more burgers and chicken breakfast biscuits at McDonald's in October, leading to a big rise in sales at established locations for the fast-food leader.
GM, Ford post losses as crisis deepens General Motors and Ford reported Friday that they hemorrhaged cash in the third quarter, offering more evidence that the nation’s automobile industry is on the brink of a meltdown.
Ford posts $129 million loss, plans more cuts Ford Motor Co. said Friday it lost $129 million in the third quarter as the struggling automaker burned through $7.7 billion in cash.
Toyota more than halves profit outlookToyota slashed its annual earnings forecast Thursday to less than a third of what it was the previous fiscal year.
‘Dark Knight’ boosts Time Warner’s earningsTime Warner Inc posted a higher-than-expected third-quarter profit, helped by strong advertising sales at its cable networks and the summer blockbuster “The Dark Knight.”
Chevron reports record quarterly profit Chevron on Friday reported the largest quarterly profit in its 129-year corporate history, joining other oil companies reporting stunning third-quarter earnings gains.
Exxon Mobil breaks another profit record Exxon Mobil Corp., the world’s largest publicly traded oil company, reported income Thursday that shattered its own record.
Motorola to cut 3,000 jobs after massive lossMotorola Inc. warned its fourth-quarter results would miss expectations and said its struggling mobile phone business would weaken further in 2009, forcing the company to delay its plan to spin off the unit.
Qwest’s profit drops, will cut 1,200 jobsQwest Communications International says its third-quarter profit fell 93 percent and it plans to cut 1,200 jobs, or slightly more than 3 percent of its work force.
Sony’s profit tumbles 72 percentSony Corp.’s quarterly profit plunged 72 percent as a surging yen wiped out the benefits of strong flat-panel TV and PlayStation 3 sales.
Procter & Gamble’s profit risesConsumer products maker Procter & Gamble Co. says profit rose nearly 9 percent in its fiscal first quarter, boosted by strong growth in emerging markets.
Kraft’s profit more than doublesKraft Foods Inc. said Wednesday that its third-quarter profit more than doubled because of a one-time gain from the $2.6 billion sale of its Post cereals business.
Microsoft quarterly profit edges up 2 percentMicrosoft's quarterly profit rose 2 percent. The company says it was buoyed through economic uncertainty by corporate customers that renewed licenses for servers and other business programs.
Dow’s profit falls, warns of recessionDow Chemical Co reported lower third-quarter profit on Thursday, citing a drop in sales volumes and shutdowns from hurricanes.
Altria’s quarterly profit tumbles 67 percentAltria Group said Thursday its third-quarter profit fell 67 percent from a year ago, when results included the Philip Morris International business.
Wachovia posts a record quarterly lossWachovia Corp on Wednesday posted a $23.9 billion third-quarter loss, a record for any U.S. lender in the global credit crisis.
Weak earnings stoke global recession fearsWorld stock markets sagged again Wednesday as a barrage of weak corporate earnings stoked fears that the government’s financial intervention won’t keep global economies out of recession.
Merck’s profit tumbles; to cut jobsDrugmaker Merck & Co. said Wednesday it will slash 7,200 jobs as part of a new restructuring program that comes as its third-quarter profit plunged 28 percent.
Boeing’s profit slumps on impact of strike Boeing Co reported sharply lower third-quarter profit on Wednesday after a strike by its plane assembly workers wiped out almost a month of production at its Seattle-area plants.
Yahoo to cut at least 1,500 from work force Mired in a deep slump, Yahoo Inc. will fire at least 1,500 workers to cope with a crumbling economy that dented its third-quarter profit.
Apple profit up 26 percent on iPhone boomApple says its profit jumped 26 percent in the last quarter. The company got a huge boost from sales of its newest iPhone, which Apple says sold outsold the BlackBerry from RIM.
Anxiety greets third-quarter profit reportsEven as U.S. companies report some good news about the third quarter, investors and executives are peering ahead anxiously.
Southwest posts first loss in 17 yearsSouthwest Airlines Co. lost money for the first time in 17 years as it had to write down the value of its fabled fuel-hedging transactions in the third quarter.
Citigroup suffers fourth straight lossCitigroup Inc. suffered its fourth straight quarterly loss due to credit-related missteps and cut another 11,000 jobs.
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