Berkshire Links Drop in Earnings to Storms
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RKB&quot;&gt; Berkshire Hathaway Inc., the investment company run by Warren E. Buffett, said yesterday that profit fell for a third consecutive quarter after hurricanes hammered its insurance units.
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Stocks fell on Thursday, after a sharp drop in Bank of America Corp's  earnings stoked worries about the impact of the credit crunch on profits and the economy.
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Financial companies led Wall Street lower on Thursday after a sharp drop in Bank of America Corp's  earnings stoked worries about the extent the credit crunch has hurt the economy and profits.
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U.S. stocks slid sharply on Friday, after bellwether stocks such as Caterpillar and Google posted disappointing earnings.
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Stocks fell on Tuesday after disappointing earnings from Procter & Gamble and U.S. Steel and a Wall Street Journal article that cast doubt on the chances for a Federal Reserve interest rate cut on Wednesday.
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Investment bank Bear Stearns Cos. Inc.  , one of the nation&#39;s largest mortgage bond  underwriters, said on Thursday quarterly earnings fell by a  third as trouble in the mortgage market hurt bond trading  revenue and it wrote down assets.
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Berkshire Hathaway Inc. BRKa.N, the  wide-ranging conglomerate run by billionaire investor Warren  Buffett, reported a sharply lower quarterly profit on Friday as  its insurance operations paid out large claims from the series  of hurricanes that hit Florida.
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Wall Street stocks were mixed on Thursday, after a big fall in profits at Bank of America (NYSE:BAC) added to woes in the financial sector and weighed on investor confidence.
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Disappointing earnings from Morgan Stanley and a new spike in oil prices sent stocks lower in early trading Wednesday as investors&#39; worries over third-quarter earnings increased.
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Shares of casino operators moved lower Wednesday as Wall Street reacted to Hurricane Ivan, the latest storm of the season, poised to hit the Southeastern United States within the next 24 hours.
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Berkshire Hathaway Inc. BRKa.N, the  wide-ranging conglomerate run by billionaire investor Warren  Buffett, posted sharply lower quarterly profit on Friday as its  insurance operations paid out large claims from the series of  hurricanes that hit Florida.
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U.S. stocks fell on Friday, with the Dow and the Nasdaq down more than 1 percent, after bellwether stocks Caterpillar Inc.  and Google Inc  posted disappointing earnings.
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Investors looking for safety from declines in the mortgage and corporate bond markets may find it in the path of a hurricane.
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Morgan Stanley and Bear Stearns posted drops in quarterly profit yesterday, surprising some investors one day after two other big investment banks reported a rise in earnings.
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Stocks fell on Thursday, on a handful of disappointing earnings reports, including results from cable TV operator Comcast Corp , and on uncertainty over how badly the financial sector will be affected by the credit crisis.
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NEW YORK - Disappointing earnings from Morgan Stanley and oil prices topping $48 per barrel sent stocks sharply lower Wednesday as investors moved to protect their recent gains. The Dow Jones Industrial average dropped nearly 120 points...
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U.S. stocks slid on Tuesday after Merrill Lynch warned that ailing credit markets will hurt bank profits, while reports showing eroding consumer confidence and falling home prices added to concerns about the economy.