Quarterly Results | featured news

The company, reporting its first profit since 2007, said quarterly net income was $1.8 billion.

Fannie Mae plans to tap $11 billion in new government aid after posting another massive quarterly loss as the taxpayer bill from the housing market bust keeps growing.

The post office says it lost $2.4 billion from April through June. That brings the year's losses so far to $4.7 billion. And the Postal Service expects to be $7 billion in the red when the fiscal year ends Sept. 30.

US technology giant Apple posts a better-than-forecast rise in quarterly results, thanks to strong iPhone sales.