Quarterly Earnings, Fourth Quarter | featured news

Drugstore operator Walgreen Co. says its fiscal fourth-quarter profit jumped 69 percent, boosted in part by a gain from the sale of its pharmacy benefits management business.

The online travel website has seen better quarters, with higher taxes, increased spending on technology and content, and a push and pull between airlines and global distribution systems that took a toll in the last quarter of 2010. The stock was down more than 18% Friday at $21.06.

Boeing Co on Wednesday said its quarterly profit slipped after the company made fewer commercial airplane deliveries than a year ago, and the company predicted a hit to earnings partly from delays to the 787 Dreamliner program.

Bank of America reported Friday that it had a $1.2 billion loss in the fourth quarter of last year, including a previously announced charge of $2 billion reflecting a decline in the value of its home loans and insurance business.