Goldman up 5 percent after SEC settlement

NEW YORK Thu Jul 15, 2010 5:50pm EDT

NEW YORK (Reuters) - Goldman Sachs Group shares advanced further in after-hours trading on Thursday after the company agreed to pay $550 million to regulators to settle civil fraud charges.

Goldman shares rose 5.2 percent to $152.75.

(Editing by Kenneth Barry)

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Comments (1)
Marlk wrote:
Sahit Muja: Profit and sales jumped for the U.S big companies J.P Morgan, Intel and Google.
Good news for The U.S giant companies J.P Morgan Chase, Intel and Google.
Profit for J. P . Morgan Chase 76%, Google revenue 24%. Intel sals rose 34% to a record$ 10.8 billion.

J.P.Morgan Chase profit jumped 76% in the second quarter to 4.8 billion dollars, well above estimates. Increased profit was driven by strong performance of the bank, but also reduce reserves by 1.5 billion dollars. Google annonce quarterly profit:The company said its net income rose 24 percent in the second quarter, to $1.84 billion, or $5.71 a share, from $1.48 billion, or $4.66 a share. Excluding the cost of stock options and the related tax benefits, Google’s second-quarter profit was $6.45 a share.

Google revenue rose 24 percent to $6.82 billion, from $5.52 billion in the year-ago quarter. Net revenue, which excludes commissions paid to advertising partners, was $5.09 billion, up from $4.07 billion a year ago.

Intel posts biggest quarterly profit in a decade. Intel’s profit. surged to $2.9 billions in the quarter ending June 26, and sales rose to a record $10.8 billion, 34 percent% Intel Corp. has booked its largest quarterly net income in a decade as the chipmaker benefits from a stronger computer market and more sophisticated factories.

Large corporations bought more computers that use Intel’s most expensive chips, an encouraging sign for the economy that emerged from Intel’s second-quarter numbers, reported Tuesday after the stock market closed.
Corporations have been stingy on upgrading their workers’ personal computers, a trend Intel is now seeing reverse. Intel gets most of its profit from the sale of chips that go into PCs.
By
Sahit Muja
Albanian Minerals, New York:

Jul 15, 2010 7:19pm EDT  --  Report as abuse
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