Profit | featured news

The nation's largest mortgage lender said revenue from mortgage banking jumped almost 80% and consumers borrowed more on their credit cards. But it called the economic recovery uneven.

Fourth-quarter profit at Wells Fargo rose 20% as the banking giant posted more loan growth and again reduced the amount of money it sets aside to cover potential loan losses.

Verizon's third-quarter profit more than doubled as the telecommunications giant reported improved margins and wireless-subscriber growth.

General Electric Co reported an 18 percent rise in quarterly profit that met Wall Street's expectations, as revenue rose across its big energy, aviation, healthcare and transportation arms.

General Motors says it made $2 billion in the third quarter, a strong showing that helps the company's pitch to investors who may buy stock in an initial public offering.

Pharmaceutical giant Pfizer Inc. says revenue in the third quarter jumped 39 percent due to its acquisition of fellow drugmaker Wyeth, but hefty charges dragged its profit down 70 percent.

Delta, AMR and US Airways attributed the result to higher ticket prices and a rebound in air travel.

Airline outperforms industry rivals as low-cost tickets, no-fee bag policy attract recession-weary travelers.

Profit is so boring. That's one way to characterize investors' suddenly blase view of Corporate America's single most important figure.

Gannet reported a sharply higher profit with a boost from tax gains, while declines in print-advertising revenue eased.