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JPMorgan loan losses overshadow higher Q4 profit »
NEW YORK (Reuters) – JPMorgan Chase & Co reported deep losses on mortgage and credit card loans in the fourth quarter, damping hopes that consumer credit is on the mend.
Strong investment banking results helped quarterly profit soar to $3.3 billion, topping Wall Street expectations. But analysts had been hoping for signs that the bank’s [...]
Cargill profit tumbles in second quarter »
CHICAGO (Reuters) – Agribusiness and trading company Cargill Inc CARG.UL posted a 59 percent drop in quarterly profit on Thursday, dragged down by plunging earnings at fertilizer maker Mosaic Co (
MOS.N
), in which Cargill is the majority shareholder.
Cargill, one of the world’s largest private corporations, said it earned $489 million in the [...]
Kraft raises 2009 profit view »
KFT.N
) raised its 2009 profit forecast on Tuesday and said it was well-positioned to deliver “sustainable top-tier performance, with or without Cadbury.”
Kraft, which has made a 10.5 billion pound ($17 billion) takeover bid for British chocolatier Cadbury (
CBRY.L
) said it expected 2009 earnings per share of at least $2 per share, [...]
KB Home posts quarterly profit as revenue falls »
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PepsiCo lowers top end of 2009 revenue, profit view »
PepsiCo lowers top end of 2009 revenue, profit view
LOS ANGELES (Reuters) – PepsiCo Inc lowered the top end of its revenue and earnings outlooks, as it steps up investments in projects aimed at increasing its growth and profitability amid falling North American soft drink sales.
The company, which reiterated its 2010 guidance on Tuesday, [...]