Earnings roundup: Bank of America, MGIC
Earnings roundup: Bank of America loses more than $2.2B in 3Q, MGIC posts steeper 3Q loss
- On 7:00 pm EDT, Friday October 16, 2009
Among the earnings stories for Friday, Oct. 16, from AP Financial News:
Top stories:
CHARLOTTE, N.C. (AP) -- Bank of America Corp. said it lost more than $2.2 billion in the third quarter as loan losses kept rising, providing more evidence that consumers are still struggling to pay their bills.
Other stories:
MILWAUKEE (AP) -- Mortgage insurer MGIC Investment Corp. reported a steeper third-quarter loss, blaming a weak economy and high unemployment for elevated loan defaults.
NEW YORK (AP) -- Halliburton's third-quarter results gave the first concrete evidence that the oil industry may have bottomed out as profits plunged but drilling activity in the critical region of North America grew.
SAN DIEGO (AP) -- Medical diagnostics maker Quidel Corp. said its third-quarter profit more than tripled on increased sales of its flu tests.
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