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Yahoo! News: Business
-----------------------------------
as of Wed, 19 Oct 2005 11:52:56 GMT
Kodak posts loss of $1.03 billion (Reuters)
Reuters - Eastman Kodak Co. , the troubled camera and film maker, on
Wednesday posted a quarterly loss of $1.03 billion, largely due to a
one-time non-cash charge of $900 million for taxes.
Stocks set to fall after Intel forecast (Reuters)
Reuters - U.S. stocks futures pointed to a sharply lower market opening
on Wednesday amid concerns of slowing growth in corporate profits after
a disappointing revenue outlook from Intel Corp.
Bank of America profit rises 10 pct (Reuters)
Reuters - Bank of America Corp. , the No. 2 U.S. bank, on Wednesday said
third-quarter profit rose 10 percent, as surging revenue from credit
card fees, investment gains and trading offset an increase in bad
loans.
JPMorgan Chase profit rises 78 pct (Reuters)
Reuters - JPMorgan Chase & Co. , the No. 3 U.S bank, on Wednesday said
quarterly earnings rose 78 percent, helped by strong trading and
investment banking fees.
Altria profit up; Marlboro gains share (Reuters)
Reuters - Tobacco and food company Altria Group Inc. on Wednesday
posted higher quarterly profit as strong sales of Marlboro and other
cigarettes internationally offset weakness at its Kraft Foods Inc.
business.
Fed must control inflation: officials (Reuters)
Reuters - Core U.S. inflation has been well contained despite sharp
rises in energy prices but the Federal Reserve must ensure that price
pressures do not get out of control, Fed officials said on Tuesday.
Stocks set to fall after Intel forecast (Reuters)
Reuters - U.S. stocks futures pointed to a sharply lower market opening
on Wednesday amid concerns of slowing growth in corporate profits after
a disappointing revenue outlook from Intel Corp.
Merrill Lynch profit jumps 49 pct (Reuters)
Reuters - Merrill Lynch & Co. , the biggest U.S. brokerage, on Tuesday
said quarterly net income climbed a better-than-expected 49 percent to
record levels as underwriting and trading revenue jumped.
Office Depot Reports 3Q Loss of $47.9M (AP)
AP - Office Depot Inc., the office supplies retailer, on Wednesday
posted a third-quarter loss, citing one-time charges and adoption of
stock option expensing accounting rules.
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