Movers: Costco, Yahoo, WaMu, Boeing, EMC, VMware

Stocks in the news Wednesday Washington Mutual reports, excluding $3.24 per share reduction to earnings due to capital issuance, $3.34 second quarter loss per share, vs. EPS of $0.92 a year ago. It expects remaining cumulative losses in its residential mortgage portfolios to be toward upper end of range it disclosed in April. Moody's places WM ratings under review for downgrade. DBRS downgrades Issuer and Seniro Debt ratings of WM to BBB from BBB (high). Boeing posts $1.16 (including previously disclosed charge of $0.22), vs. $1.35, second quarter EPS on flat revenue. Results affected by previously disclosed charge for Airborne Early Warning & Control program, lower profitability due to mix and timing in Commercial Airplanes. It sees $5.70-$5.85 2008 EPS on $67-$68 billion revenue. EMC Corp. posts $0.24, vs. $0.20, second... [read full story]