Earnings roundup: Wachovia, US Airways

By Associated Press
July 22, 2008 | Comments (0)

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Among the earnings stories for Tuesday, July 22, from AP Financial News:

Top stories:

CHARLOTTE, N.C. (AP) _ Wachovia Corp. lost $8.86 billion in the second quarter, and said Tuesday it was slashing its dividend and cutting 6,350 jobs after losses tied to mortgages soared.

Other stories:

PHOENIX (AP) _ US Airways Group Inc. says it swung to a huge second-quarter loss as it struggled to deal with a spike in fuel costs.

BELLEVUE, Wash. (AP) _ Commercial truck maker Paccar Inc. said Tuesday its second-quarter profit rose 5.1 percent, as higher overseas demand offset a drop in U.S. sales.

PASADENA, Calif. (AP) _ Adhesive label maker Avery Dennison Corp. said Tuesday its second-quarter profit rose 7 percent as an acquisition helped double sales in its retail information systems segment.

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