According to Reuters, JP Morgan (JPM) lost $1.5 billion in July.
Reuters writes the UBS (UBS) posted a huge loss and will split itself into a wealth management operation and an investmen bank.
Reuters reports that Wachovia (WB) lost $9.11 billion and cut more jobs than it initially announced.
Reuters writes that Morgan Stanley (MS) is trying to cut an auction-rate deal with New York state.
Reuters reports that Countrywide faces an FTC investigation.
The Wall Street Journal reports that airline stocks are continuing their upswing.
The Wall Street Journal reports that securities backed by consumer loans are making Wall St. concerned about the health of consumers and businesses.
The Wall Street Journal reports that AMD (AMD) will release a new graphics card to challenge Nvidia (NVDA).
The Wall Street Journal reports the Ebay (EBAY) customers are starting to take their businees elsewhere.
The Wall Street Journal writes that Liberty is open to swapping its stake in Time Warner (TWX) for the AOL dial-up business.
The Wall Street Journal reports that banks are continuing to tighten credit for businesses and consumers.
The Wall Stree Journal reports that S&P cut some ratings on Fannie Mae (FNM) and Freddie Mac (FRE).
The Wall Street Journal says Circuit City (CC) is haveing trouble finding a buyer.
The Wall Street Journal reports that Ford (F) promises to build better small cars.
The Wall Street Journal reports that Toyota (TM) may start exporting cars from the US.
The Wall Street Journal reports that the FTC plans hearings on the Whole Foods (WFMI) merger.
The New York Times reports that investors are struggling with the effects of the war between Russia and Georgia.
The New York Times writes that pilots have asked that the CEO of United (UAUA) step down.
The FT reports that institutional investor believe that another large financial firm will fail.
Bloomberg reports that one-third of Americans owe mortgages which are worth more than their houses.
Douglas A. McIntyre
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