Washington Mutual sees 3rd-qtr profit down 75 pct
Washington Mutual Inc, one of the largest U.S. mortgage lenders, said on Friday it expects a 75 percent drop in quarterly income on losses and write-downs on mortgage loans and securities.
Wall Street Inches Upward
Stocks barely budged on Thursday as investors shied away from making big bets before Friday's jobs data that could shed light on the economy and the outlook for interest rates.
Skype CEO steps down
EBay Inc said on Monday that Niklas Zennstrom, co-founder and chief executive of its Internet telephony unit Skype, has stepped down.
S&P 500 hits record
The S&P 500 index climbed to a record on Friday, surpassing levels reached during the Internet bubble, as General Electric Co. increased a stock-buyback plan and data showed improving consumer sentiment.
More news
Thorntons year profits fall
Chocolate retailer Thorntons Plc posted a 36 percent drop in full year profits on Tuesday because of sluggish high street demand
New home sales tumble 4.3 percent in July
Sales of new U.S. homes tumbled to a smaller-than-expected seasonally adjusted 1.072 million annualized rate in July and a key inventory measure jumped to a ten-year high, pointing to a rapidly cooling housing market, a government report showed on Thursday.
Microsoft to sell stripped-down XP in S. Korea
Microsoft Corp. will release new versions of its Windows operating system in South Korea on Thursday to comply with an anti-trust ruling, a company source said on Wednesday.
Chain store sales mixed last week
U.S. chain store sales were mixed last week, as solid demand for back-to-school items were offset by cooler weather and the end of sales tax holidays, two reports showed on Tuesday.
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