LOS ANGELES (MarketWatch) --Washington Mutual Inc.'s third quarter net income was slashed by more than two-thirds and a weaker housing market and capital market disruptions were to blame, the company said Wednesday.
NEW YORK (MarketWatch) -- Treasury notes advanced Wednesday, sending their yields lower, after tame core inflation data and a sharp drop in housing starts suggested that another U.S. interest cut might be ahead.
SAN FRANCISCO (MarketWatch) -- EBay Inc. swung to a loss in the third quarter due to a large write-off of its investment into Internet telephony carrier Skype, but results excluding the charge came in well above Wall Street's estimates.
SAN FRANCISCO (MarketWatch) -- Furniture maker Leggett &Platt Inc. said Wednesday that slack demand in the U.S. housing, retail and aluminum markets led to a 22% decline in third-quarter profit and will continue to weigh on results the rest of the year.
SAN FRANCISCO (MarketWatch) -- Technology research firm Gartner Inc. said Thursday that Hewlett-Packard Co. put more space between itself and its top PC rival, Dell Inc. during the third quarter, and that the consumer market continues to drive worldwide demand for PCs.
SAN FRANCISCO (MarketWatch) -- Allstate Corp. said late Wednesday its third-quarter profit fell compared to the same period a year earlier, as the insurance company cited higher catastrophe losses.
LOS ANGELES (MarketWatch) -- Late-traders bid up shares of online auctioneer EBay Inc. Wednesday evening after the company issued an upbeat financial outlook, while E-Trade Financial Corp. shares dropped more than 2% after the online broker swung to a quarterly loss.
NEW YORK (MarketWatch) -- U.S. stocks closed mixed on Wednesday after escalating oil prices quashed an earlier rally, but the technology-dominated Nasdaq Composite retained solid gains on profits from bellwethers United Technologies Corp. and Intel Corp.
SAN FRANCISCO (MarketWatch) -- EBay Inc. swung to a loss in the third quarter due to a large write-off of its investment into Internet telephony carrier Skype, but results excluding the charge came in well above Wall Street's estimates.
