Earnings roundup: Washington Mutual, Yahoo

Top stories:

SEATTLE (AP)--Washington Mutual Inc. said Tuesday it lost a staggering $3 billion during the second quarter as it increased its loss reserves to more than $8 billion to cover souring loans in its mortgage portfolio.

SAN FRANCISCO (AP)--Yahoo Inc.'s second-quarter profit fell 18 percent, the latest sign of the financial decay that has frustrated shareholders and raised doubts about the Internet company's future.

Other stories:

CINCINNATI (AP)--Fifth Third Bancorp on Tuesday said it swung to a second-quarter loss on measures to cover bad loans and charges related to the tax treatment of leases.

BIRMINGHAM, Ala. (AP)--Regions Financial Corp. said Tuesday its second-quarter profit dropped 55 percent, below Wall Street expectations, as it set aside more than $300 million to cover bad loans.

PHILADELPHIA (AP)--Advertising and marketing conglomerate Omnicom Group Inc. on Tuesday reported an 11 percent increase in second-quarter net income, propelled by strong international business.

MILWAUKEE (AP)--Industrial parts maker Rockwell Automation Inc. said Tuesday its fiscal third-quarter earnings dropped 7 percent as expenses grew and economic conditions weakened in Europe and the United States.