Toyota Motor Corp’s quarterly profit plunged 28% from the
previous year as slipping North American sales, a strong yen and rising
material costs dented its earnings.
The nation's largest retailer Wal-Mart Stores, Inc said same-store sales rose 3% in July. That was slightly lower than the consensus analyst estimate of a rise of 3.4%.
The insurance giant American International Group Inc posted its third consecutive quarterly loss of more than $5B as it wrote down bad mortgage-related investments.
The discount retailer Costco Whsl Corp New reported a 10% jump in July sales, beating the 7.8% gain projected by analysts surveyed.