The world's largest restaurant company McDonald's Corporation posted a $1.19B second-quarter profit on strong European fast-food sales.
The largest U.S. savings and loan Washington Mutual Inc
which is suffering from the after-effects of the housing crisis, late
Tuesday reported a $3.3B net loss for the second quarter, far worse
than Wall Street expected.
The Web portal Yahoo! Inc reported second-quarter
results that missed analysts' expectations as it struggled with
dwindling market share and softening economic conditions.
Japan's largest insurer, Tokyo Marine, said it would purchase the commercial property and casualty insurer Philadelphia Consolidate for $4.7B.