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E*Trade Posts $50M 3Q Loss,Loan Loss Provision Up - Wall Street Journal
NEW YORK (Dow Jones)--E*Trade Financial Corp. (ETFC) posted a $50.5 million net loss as the online broker and lender nearly tripled its provision for bad loans in the third quarter. E*Trade set aside $518 million in the period to offset current and ...
Merck Reports Third-Quarter 2008 Financial Results - Businesswire.com
Company Announces Third-Quarter 2008 Non-GAAP EPS of $0.80, Excluding 29 Cents of Restructuring Charges; Third-Quarter GAAP EPS of $0.51 2008 Global Restructuring Efforts Expected to Reduce Workforce by 12 Percent; Cumulative Savings of $3.8 to $4.2 ...
Kimberly-Clark Announces Third Quarter 2008 Results - MSN MoneyCentral
Net Sales Rose More Than 8 Percent to $5.0 Billion, With Increases in Each Business Segment DALLAS , Oct. 22 /PRNewswire-FirstCall/ -- Kimberly-Clark Corporation KMB today reported that net sales in the third quarter of 2008 advanced 8.2 percent to ...
Kerkorian, Cerberus Auto Retreat Spotlights Industry Collapse - Bloomberg
Oct. 22 (Bloomberg) -- The retreat of billionaire Kirk Kerkorian and Cerberus Capital Management LP from stakes in Ford Motor Co. and Chrysler LLC may leave the U.S. auto industry without new funding just as sales head to a 26-year low. Kerkorian's ...
Wachovia Reports 3rd Quarter Loss of $4.8 Billion Excluding $18.7 - MSN MoneyCentral
CHARLOTTE, N.C., Oct. 22 /PRNewswire-FirstCall/ -- Third Quarter 2008 Compared With Third Quarter 2007: -- Net loss of $23.9 billion includes the following on a pre-tax basis: $18.8 billion of goodwill impairment; $4.8 billion credit reserve build to ...
As markets slow, so do store's phones - AZCentral.com
Business seemed brisk at Cabinets by Design, which sells kitchen, bathroom and storage remodeling packages, until the last week in September. As the credit markets froze, Congress wrestled with a bailout package and the stock markets went berserk ...
Chou Bond - Morningstar
Market turmoil creates opportunities for this deep value manager. When deep-value manager Francis Chou launched this high-yield bond offering three years ago, he was in no hurry to deploy the cash because he considered the bond market overvalued. At ...
Fund Analyst Picks: Quarterly Update - Morningstar
In these turbid times, quality funds are beginning to show their stuff. If you opened your account statement for the third quarter to find much of your asset base had done a disappearing act, you're not alone. In an environment where there was ...
OAK Financial Corporation, Parent Company of Byron Bank, Reports Third ... - Businesswire.com
BYRON CENTER, Mich.--( BUSINESS WIRE )--OAK Financial Corporation (OKFC), a West Michigan-based bank holding company, reported third quarter net income of $737,000, down 58% from the $1,761,000 reported in the third quarter of 2007. Basic and diluted ...
The Death of Stocks - Seekingalpha.com
I'd like to take a step back from the day-to-day gyrations of the unstable and volatile markets to take in the bigger picture. We have, for an entire generation, been indoctrinated of the notion that stocks are the best long term investment. Indeed ...
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