Goldman Sachs fourth-quarter profit up 23%
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Goldman Sachs on Thursday said fourth-quarter profit rose 23 per cent as its fixed-income, currency and commodities business soared while a rebounding stock market boosted investment banking.
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NEW YORK -- Goldman Sachs Group Inc., the largest Wall Street investment house, on Tuesday said its first-quarter profit rose 29 percent to a company record on robust trading gains and investment banking fees. Its shares rose 2 percent.
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British gas giant BG Group has said that net profits leapt 23 percent last year on rising production and increased energy prices.
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NEW YORK (CBS.MW) -- Goldman Sachs Group said Tuesday that its third-quarter net income rose as its fixed-income, currencies and commodities trading operation recorded sales that were nearly $1 billion ahead of year-ago levels, driven by rising energy
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Goldman Sachs Group Inc. on Thursday said fourth-quarter profit rose as its fixed-income, currency and commodities business soared while a rebounding stock market boosted investment banking.
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NEW YORK -- Rising fixed-income and investment-banking revenue combined to help boost earnings in the latest quarter at two of Wall Street&#39;s biggest firms, Goldman Sachs Group Inc.
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NEW YORK (CBS.MW) -- Bear Stearns Cos. reported Tuesday a 22.6 percent increase in fourth-quarter net income, as investment- and merchant-banking results rose.
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Goldman Sachs Group Inc. on Thursday  said fourth-quarter profit rose 23 percent on strong  fixed-income and commodities trading results and investment  banking gains, but shares fell as revenue missed expectations.
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Lawnmower manufacturer Toro Co. on Wednesday said its profit grew 23 percent in the fourth quarter, helped by higher sales across all of its product segments and a surge in overseas demand.
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Despite a summer slump in trading up and down Wall Street, Goldman Sachs reported strong third-quarter earnings on Tuesday.
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Goldman Sachs Group Inc. and Lehman Brothers Holdings Inc. said fiscal third-quarter earnings rose more than expected, led by gains in bond and commodities trading and higher fees from mergers and acquisitions advice.
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Goldman Sachs today posted a 30 percent jump in profit for its latest quarter, helped by strong growth across its segments.
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Bear Stearns Cos. Inc.  on Tuesday said quarterly profit rose 22 percent, helped by a sharp rise in revenue at its investment banking division.
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Goldman Sachs Group Inc  said on  Thursday that quarterly earnings surged 79 percent as revenue  from investment banking and trading increased despite turbulent  summer markets.
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The results surpassed Wall Street's expectations in both sales and profit, with fourth-quarter earnings reaching $3 billion for the first time in the company's history.
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Investment bank stocks rose strongly  Tuesday after Goldman Sachs Group Inc. GS.N and Lehman  Brothers Holding Inc. LEH.N reported surprisingly strong  third-quarter results, indicating that sluggish market  conditions this summer did not dent Wall Street earnings.
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ARMONK, N.Y. -- Computer server and software maker IBM said Monday its fourth-quarter earnings from continuing operations rose 24 percent from a year ago, beating Wall Street expectations by a wide margin.