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For Goldman Sachs and Morgan Stanley, boring is beautiful

- Investment banks Morgan Stanley and Goldman Sachs Group Inc posted better-than-expected quarterly earnings on Thursday, helped by gains in merger advisory and stock underwriting. | Video

Recent Business News

BlackRock's first-quarter profit rises 20 percent

NEW YORK - BlackRock Inc, the world's largest money manager, said on Thursday its first-quarter profit rose 20 percent, boosted by strong performance fees and strength in its retail business as investors poured money into long-term funds.

8:57am EDT

DuPont expects farm business to pick up after severe winter

- Chemicals maker DuPont expects its agriculture business to grow this quarter as farmers buy seeds and insecticides after a delayed start to planting season in North America, which hurt the company's revenue in the first quarter.

11:33am EDT

Exclusive: 'Leopard King' Cavalli nears 450 million euro sale to Permira - sources

LONDON - Italian designer Roberto Cavalli is in advanced talks to sell a majority stake in his eponymous fashion house to London-based buyout firm Permira in a sale worth about 450 million euros ($621 million), four sources close to the deal told Reuters.

Europe's car sales upturn fails to halt price war

PARIS - Europe's car sales recovery may be taking hold, according to registrations data published on Thursday, but a confidential industry survey shows the pick-up is failing to halt a price war.

10:25am EDT

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