Bank of Internet Posts New High in Profits; Annual Pre-tax Income Surges 176% - 2003-08-04
Bank of Internet USA posted record earnings of $2,265,000 for its fiscal year ended June 30, 2003, 60% higher from the $1,416,000 earned in fiscal 2002.

Increased earnings were primarily due to growth in the Bank's residential real estate loan portfolio and higher income from mortgage banking activities. Net interest income improved by 43% and non-interest income increased 354% during fiscal 2003.
Read the full story at Internet Wire

Factory orders 1.7% higher in June - 2003-08-04
Orders to U.S. factories climbed 1.7% to a seasonally adjusted $326.0 billion in June, the largest gain in three months, a fresh sign that the nation's battered manufacturing sector is turning a corner.

Gains were fairly widespread with orders going up for machinery, household appliances and cars as well as "non-durable" goods such as food products and chemicals. Consumer demand was helped by historically low mortgage rates.
Read the full story at USA Today