General Electric said Friday its second quarter net income tumbled 49% on continued woes of its finance unit and ongoing weakness ...
Ge Profit Falls 49%, Tops Expectations
USATODAY.com Money - Top Stories, USA Today: Money
Fri, 07/17/2009 - 6:58am
Sections: business
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Bank of America has reported a sharp rise in profits after it shed costs and set aside less money for bad loans. The bank reported first quarter net income of $2.3bn (£1.5bn), after making $328m in the same quarter a year ago. More - Citigroup first-quarter profit rises 31 percent
Citigroup Inc reported a higher-than-expected 31 percent rise in first-quarter profit on Monday as it drew down loss reserves for mortgage loans, and revenue from its securities and investment banking business swelled. More - GE to buy oil pump maker Lufkin for nearly $3 billion
General Electric Co is buying oilfield pump maker Lufkin Industries Inc for $2.98 billion, sharply increasing its presence in the fast-growing market to extract oil and natural gas from shale rock, the conglomerate said on Monday. More - Fannie earns $17.2B in 2012, biggest annual gain
Fannie Mae earned $17.2 billion last year, the biggest annual profit in the U.S. mortgage giant's history, helped by a record fourth quarter. More - BMW sees 'most successful year'
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BING NEWS:
- Thomson Reuters Profit Falls
By Adriano Marchese Thomson Reuters reported lower profit in the first quarter compared with a year-earlier when the value of its investment in the ...
05/2/2024 - 12:04 am | View Link - Apple profit falls but beats expectations
Apple on Thursday said its quarterly profit ebbed but topped market forecasts as it announced a massive $110 billion share buyback. The iPhone maker reported a profit of $23.6 billion on $90.8 billion ...
05/1/2024 - 1:00 pm | View Link - Allstate tops profit estimates on higher premiums, investment returns
Insurer Allstate posted an upbeat first-quarter profit on Wednesday, helped by higher premiums and stronger investment returns.
05/1/2024 - 10:06 am | View Link - Capital & Regional Flags Uncertainty After Pretax Profit Falls
By Adria Calatayud Capital & Regional said pretax profit for 2023 fell and said it will be cautious on its capital deployment given an uncertain ...
04/29/2024 - 8:34 pm | View Link - UPS profit tops expectations as cost-cuts deliver margin
United Parcel Service reported better-than-expected quarterly profit on Tuesday as cost cuts offset still-soft demand for package delivery.
04/23/2024 - 12:47 am | View Link - More
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