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Tag Archives: factset

Wells Fargo net rises on deposits, lending growth

NEW YORK — A steadier mortgage business, higher commercial lending and an increase in deposits lifted Wells Fargo & Co.’s fourth-quarter profit by 20 percent. The San Francisco-based bank reported Tuesday that the amount of mortgages it wrote in the ...

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Best Buy 3rd-quarter profit falls, shares skid

NEW YORK — Electronics retailer Best Buy said Tuesday that its third-quarter net income fell 29 percent as it cut prices in popular categories such as tablets and TVs to drive sales and traffic during the busy holiday season. Its ...

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PepsiCo 3Q profit climbs on snack, beverage sales

PURCHASE, N.Y. — PepsiCo Inc.’s third-quarter profit rose 4 percent because of higher prices and rising sales of its snacks and beverages, especially overseas. Food and beverage companies like PepsiCo have been raising prices to offset higher costs for ingredients, ...

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Sinclair’s second-quarter profit up 7 percent

Sinclair Broadcast Group Inc.’s profit increased 7 percent during the second quarter of 2011, helped by local auto dealer advertising. The Hunt Valley-based company, which operates television stations in 35 markets, announced Wednesday that it had net income of $18.6 ...

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AT&T stays strong against threat of Verizon iPhone

NEW YORK — AT&T Inc. saw a rebound in the number of new contract subscribers in the second quarter, showing resilience in the face of competition from Verizon’s iPhone. The country’s largest telecommunications company said Thursday that it added a ...

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