CHARLOTTE, N.C. _ Tree.com Inc. on Thursday reported first-quarter net income of $5.2 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Charlotte, North Carolina- based company said it had profit of 43 cents. For the current quarter ending in June, Tree.com said it expects revenue in the range of $51 million to $53 million.
LendingTree has seen it all. Dot-com boom and bust. A housing bubble that was great until it wasn't. But it's still going—and maybe growing.
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The budget gridlock in Washington is affecting the mortgage business, LendingTree Founder and CEO Doug Lebda said Friday.
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GE's is in the process of selling a majority stake in NBC Universal to Comcast, which will create a new vertically integrated media giant.
The Dow and S&P 500 rose on Thursday as surging oil prices drove up energy shares, though fresh fears of more credit losses on Wall Street kept gains modest.
US stocks ended mixed Thursday as a jump in oil prices boosted oil stocks and speculation about a government bailout of Fannie Mae and Freddie Mac, and a possible takeover of Lehman Brothers, gave investors some hope that relief is coming.