Company EarningsAP - BACK IN BLACK: E-Trade Financial Corp. on Wednesday posted a third-quarter profit of $8.4 million, or 3 cents per share. It was the second consecutive profit after E-Trade suffered three years of losses before this year's second quarter.
Company Earnings
Wells Fargo profit rises as loan defaults ease (AP)
AP - Wells Fargo & Co. reported a 19 percent increase in its third-quarter income Wednesday as losses from bad loans declined, a hopeful sign that American businesses and consumers are becoming more financially stable.
Morgan Stanley posts 3Q loss on special charges (AP)
AP - Morgan Stanley became the latest investment bank to report weaker results Wednesday from a trading slowdown during the summer.
Alcon third-quarter profit falls on merger costs (Reuters)
Reuters - Eye care products maker Alcon Inc , which Swiss drugmaker Novartis is buying, reported a 13 percent drop in quarterly profit as merger costs offset sales growth in product areas such as implanted lenses and glaucoma drugs.
Boeing swings to profit, hikes 2010 earnings outlook (AFP)
AFP - US aerospace giant Boeing on Wednesday posted a robust quarterly profit that beat expectations and boosted its full-year earnings forecast, as it delivered more jetliners.
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