Washington Mutual posts $1.87 bln 4th-qtr loss
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Washington Mutual Inc , the  largest U.S. savings and loan, posted a $1.87 billion  fourth-quarter loss on Thursday, its first quarterly loss in  more than a decade, battered by mortgage defaults and  write-downs.
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Countrywide Financial Corp, the mortgage lender that agreed this month to be acquired by Bank of America Corp, posted a larger-than-expected $421.9 million quarterly loss on Tuesday, as more homeowners fell behind on payments.
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NYSE Group Inc. , owner of the New York Stock Exchange, posted a fourth-quarter profit on Friday compared with a loss a year earlier, when results were hit by one-time expenses related to the acquisition of electronic trader Archipelago.
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Countrywide Financial Corp , the battered mortgage lender being acquired by Bank of America Corp , on Tuesday posted a fourth-quarter loss, hurt by mounting defaults in a sinking housing market.
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YESTERDAY Close $109.80 Change +$1.74 52-WEEK High $121.42 Low $97.79 FedEx Corp. posted a 7 percent increase in fourth-quarter profit yesterday on higher revenue but said a sluggish US economy dampened business.
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The Washington Post Co. said yesterday that its fourth-quarter profit was down 7 percent, to $95.5 million from $102.4 million in the fourth quarter of 2005, despite a 10 percent gain in revenue.
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The French bank said that fourth-quarter net profit fell to 1 billion euros ($1.47 billion) due to write-downs of securities affected by the financial markets crisis.
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Wyeth WYE.N on Monday reported a  fourth-quarter loss despite strong sales growth of its  prescription medicines, as it took another charge of $4.5  billion for costs related to its recalled fen-phen diet drugs.
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Knight Trading Group Inc., an equities trading company serving institutional and broker-dealer clients, said Wednesday that it will report a third-quarter operating loss of 1 cent to 4 cents per share due to poor performance in its
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Washington Mutual, the savings and loan, said on Thursday that it had swung to a $1.87 billion loss in the fourth quarter, hurt badly by the sinking value of its mortgage portfolio.
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The bank said fourth-quarter net income fell to $11.1 million, hurt by a tripling of credit losses and a bailout of money market mutual funds.
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WASHINGTON -- Freddie Mac, the nation's second largest buyer and guarantor of home mortgages, reported a first-quarter loss of $211 million, mainly from erosion in the value of financial instruments it uses to hedge against interest rate swings.
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Qwest Communications International Inc. (QN: Quote, Profile, Research) , the No. 4 US local telephone company, on Thursday reported a third-quarter loss as it settled
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The loss, which came to $3.41 a share, was in contrast to a profit of $45.4 million, or 97 cents a share, in the quarter a year earlier.
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The company said fourth-quarter earnings fell from year-ago results that included a one-time gain. But adjusted profit exceeded expectations on Wall Street, driven by higher sales.
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Morgan Stanley  on Wednesday  said it has suffered a $3.7 billion loss stemming from its U.S.  subprime mortgage exposure, which it expects will reduce  fourth-quarter earnings by about $2.5 billion.
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Swiss bank UBS confirms a $4bn loss for 2007, after it was hit by exposure to US sub-prime home loans.