Profit, Better-than-expected | featured news

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.

 

GM posts profit, sees break even in Europe by mid-decade

GM

General Motors Co on Wednesday posted a far stronger-than-expected profit and said it was targeting a return to break-even levels in its money-losing European operations by mid-decade after a loss of as much as $1.8 billion in that region this year.

 

GE profit tops Street view as cost cuts pay off

GE profit tops Street view as cost cuts pay off

General Electric Co called the end to its two-year slump on Friday, reporting earnings that beat Wall Street forecasts and saying profit should rise through the rest of 2010.

 

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