Thursday, July 17, 2008
J.P. Morgan Chase's quarterly profit falls 53% but tops target
J.P. Morgan Chase's quarterly profit falls 53% but tops target
Major U.S. bank J.P. Morgan Chase reports second-quarter net income down
53% from a year ago as revenue recedes, but the results nevertheless
surpass Wall Street estimates. Shares of the Dow Jones Industrial
Average component rally.
Textron shares sink on quarterly outlook; United Tech raises view
Strong overseas market growth and global demand for aircraft help boost
second-quarter profits for United Technologies and Textron alike,
financial results show.
EBay shares slump as outlook overshadows profit
Shares of eBay Inc. succumb to early pressure, trading down in the wake
of investor concerns about the state of the online auctioneer's core
business.
Yahoo blasts Icahn as an 'agitator' who seeks quick profit
Yahoo Chairman Roy Bostock and Chief Executive Jerry Yang issue a letter
to company shareholders, criticizing the "Carl Icahn-Microsoft alliance"
as offering an agenda that "will destroy stockholder value."
Pakistan shares off for 15th session; currency slumps
Pakistan shares slumped Thursday, sending the country's benchmark stock
index down for a 15th session, as investors dumped shares on fears about
political uncertainty and deteriorating economic conditions.
