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, , ) the parent company for Commonwealth National Bank, reported a net loss for the third quarter of $2.9 million, or $1.29 per diluted share, compared to net income of $92000, or $0.04 per diluted share, for the comparable quarter in 2007.
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Reuters - Stocks fell in tepid volume on Monday, as investors worried about the outlook for a raft of companies from General Motors to Goldman Sachs in a harsh economic environment, stifling early enthusiasm for a Chinese stimulus plan.
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Circuit City filed for bankruptcy protection on Monday, but all the court protection in the world is unlikely to save the electronics retailer.
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By Greg Bensinger and Sarah Thompson Nov. 10 (Bloomberg) -- General Motors Corp. plummeted to its lowest level in 59 years after a Deutsche Bank AG analyst downgraded the shares, saying they may be worthless in a year.
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The business, based in Englewood, Colo., south of Denver, earned $91.9 million in the quarter, down from a profit of $199.7 million a year earlier in the third quarter.
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By Matt Andrejczak , , ) late Monday reported fiscal fourth quarter profit fell sharply from a year ago, due to weaker store traffic and restructuring charges.
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By Dawn Kopecki Nov. 10 (Bloomberg) -- Fannie Mae may need more than the $100 billion in funding pledged by the US Treasury to stay afloat after reporting a record $29 billion loss and confronting more difficulty in issuing and refinancing debt.
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By Alistair Barr, Sam Mamudi & Rex Nutting, MarketWatch SAN FRANCISCO (MarketWatch) -- The US government dramatically changed its bailout of American International Group on Monday, giving the struggling insurance giant more time and financial ...
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AP - European Union officials are moving toward imposing significant new regulatory burdens on credit ratings agencies, saying they are too important for the stability of the world's financial markets for EU officials to ignore any longer.
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By IAN AUSTEN OTTAWA - Nortel Networks, the telecommunication equipment maker that never recovered from the technology downturn early in this decade, announced a third-quarter loss of $3.4 billion on Monday, along with plans to reduce its work force by ...
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