NEW YORK - Sprint Nextel Corp’s quarterly profit fell 77 percent as the No. 3 United States mobile service lost subscribers and withdrew its 2008 profit growth forecast, sending shares down 2 percent on Thursday.
DETROIT - Chrysler LLC and Ford Motor Co on Thursday reported double-digit drops in October sales, lagging rivals in a slumping United States market widely expected to remain under pressure into next year.
NEW YORK - Affiliated Computer Services reported on Thursday higher quarterly profit on stronger performance in its commercial and government units, but fell short of Wall Street expectations.
NEW YORK - Phone company Embarq Corp reported a 2 percent drop in third-quarter profit on Thursday due to severance charges and a fall in traditional voice service customers.
MOUNTAIN VIEW, California - Google Inc has lured MySpace, the world’s largegest on line social network, to its system courting independent software developers, raising its challenge to fast-growing Facebook.
NEW YORK - CBS Corp reported a higher-than-expected 8 percent rise in quarterly profit on Thursday, as strength in its publishing and outdoor advertising businesses overcame a depressed radio division.
NEW YORK - CBS Corp reported a higher-than-expected 8 percent rise in quarterly profit on Thursday, as strength in its publishing and outdoor advertising businesses overcame a depressed radio division.
NEW YORK - Financial stocks dragged Wall Street sharply lower on Thursday, wiping out the day before’s Fed-fueled gains, after brokerages downgraded Citigroup and Bank of America, sparking fears of more fallout from the credit crisis.