Washington Mutual Profit Falls 72 Percent
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Washington Mutual said third-quarter profit fell 72 percent, hurt by mounting losses and write-downs related to mortgages.
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U.S. Treasury prices fell on Tuesday in  profit-taking after a weaker-than-expected consumer confidence  index failed to punch key yields below recent lows.
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US investment bank Morgan Stanley (MWD.N: Quote, Profile, Research) on Wednesday said quarterly profit dropped 34 percent amid reduced trading revenue, falling well short of Wall Street&#39;s already-lowered expectations after a
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JPMorgan Chase & Co  said on  Wednesday quarterly profit fell a worse-than-expected 24  percent as the No. 3 U.S. bank lost $1.3 billion on risky  mortgages and set aside more money for rising losses on  home-equity loans.
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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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NVR, the Washington area's largest home builder, yesterday reported that second-quarter earnings plummeted 52 percent, a result of continued weak demand and excess inventory.
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Wall Street profits from U.S.   operations may fall 23 percent next year as the economy slows,   corporate earnings growth moderates and fees decline, a new   study shows.
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Morrisons today revealed a 7.6% fall in interim pre-tax profits, as the supermarket group suffered another hit from the Safeway chain it took over in March.
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VANCOUVER - Resort operator Intrawest saw its first-quarter profit disappear as it reported a $6.7 million US loss (14 cents a share), the company said Monday.
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The Washington Post Co. said today its fourth-quarter profit was down 6.7 percent to $95.5 million, from $102.4 million in 2005, despite a 10 percent gain in revenue.
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Wells Fargo & Co  on Wednesday said its fourth-quarter profit fell 38 percent, the first decline in more than six years, hurt by rising losses from home equity loans.
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Washington Mutual Inc  shares fell 13 percent on Wednesday amid concerns that rising residential defaults could be worse that expected in coming months.
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Warner Music sees its latest quarterly profits fall 74% following weaker album sales than a year earlier.
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Washington Mutual Inc , the largest U.S. savings and loan, suffered a larger-than-expected $1.87 billion fourth-quarter loss on Thursday, battered by mortgage defaults and write-downs.
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U.S. investment bank Morgan Stanley  MWD.N on Wednesday said quarterly profit dropped by a third  on lower bond trading revenue and higher expenses, falling  short of Wall Street's low expectations and pushing its shares  down as much as 8 percent.
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The struggling home furnishings retailer posts a 37% drop in Q3 earnings and cuts guidance.
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U.S. investment bank Morgan Stanley  MWD.N on Wednesday said quarterly profit dropped 34 percent  amid reduced trading revenue, falling well short of Wall  Street's already-lowered expectations and pushing the company's  shares down more than 8 percent.