- Goldman Sachs Group Inc reported an 11 percent drop in quarterly profit as client activity remained constrained and fixed-income revenue shrank, but both earnings and revenue beat market estimates and the Wall Street bank's shares rose.
Recent Business News
NEW YORK - BlackRock Inc, the world's largest money manager, said on Thursday its first-quarter profit rose 20 percent, boosted by strength in its retail business and positive flows across asset classes.
- UnitedHealth Group Inc , the largest U.S. health insurer, said on Thursday that first-quarter profit fell due to costs and taxes related to the national healthcare reform law as well as government cuts to private Medicare funding.
CALGARY, Alberta - Enbridge Inc is on the brink of breaking through oil pipeline bottlenecks in the U.S. Midwest that have dogged the company for nearly four years, potentially ending a need to ration space at the heart of its network.
- Google Inc's disappointing first-quarter results left Wall Street unfazed about the internet giant's ability to come to grips with a shift to the fast-growing mobile advertising market.
The housing recovery continues, albeit modestly. The S&P/Case-Shiller composite index of house prices in 20 metro areas rose 0.8% in January (seasonally adjusted), according to a report released yesterday.