MetLife earnings rise fivefold in fourth quarter
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MetLife Inc. , the largest life insurance company in the United States, said on Tuesday that fourth quarter earnings rose fivefold from a year ago on gains from the sale of its New York apartment complexes and higher revenues.
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Goldman Sachs Group Inc  said on  Tuesday its fourth-quarter earnings rose as a timely bet  against subprime mortgages and higher investment banking fees  helped it sidestep the credit crunch that hammered the rest of  Wall Street.
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The insurance giant MetLife Inc. announced Monday that it was acquiring Travelers Life & Annuity Co. from Citigroup Inc. for at least $11.5 billion.
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The company said it earned $52 million in the fourth quarter on strong U.S. and international sales. Its shares climbed more than 7 percent in morning trading.
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MetLife Inc. on Monday agreed to acquire Travelers Life & Annuity from Citigroup Inc. for &#36;11.5 billion, bolstering its product reach while sounding Citigroup's retreat from the one-stop financial supermarket concept.
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Hartford Financial Services Group Inc  , the fourth-largest U.S. insurer by assets, said on  Thursday that third-quarter net income rose 12 percent, helped  by growth in its life insurance operations.
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Lucent Technologies yesterday posted higher fiscal fourth- quarter earnings, helping lift the telecommunications equipment maker to its first profitable year since 2000.
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The health care products maker posted higher profit in the fourth quarter versus year-earlier results that were reduced by acquisition charges for Kos Pharmaceuticals.
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The retailer said net income in the fourth quarter rose to $4.1 billion as its focus on low prices paid off. International growth also helped lift profit and sales.
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Health insurer UnitedHealth Group Inc. said Tuesday its fourth-quarter earnings climbed 3 percent, as growth in prescription services and Medicaid plans offset a smaller profit in its core health coverage division.
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Fourth-quarter earnings surged on higher revenue as the photo film manufacturer staked out a bigger position in digital photography.
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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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Goldman Sachs Group Inc. GS.N on  Thursday said fourth-quarter profit rose 23 percent as its  fixed-income, currency and commodities business soared while a  rebounding stock market boosted investment banking.
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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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Net earnings at Goldman Sachs Group Inc. rose 23 percent in the fourth quarter as increased transaction volume and a rise in mergers and acquisitions, the brokerage announced Thursday.
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The money transfer company said fourth-quarter earnings rose to $243.3 million on transaction fee growth and improved foreign exchange revenue.
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MetLife is buying Citigroup's life insurance business in a deal valued at $11.5 billion, a move that strengthens its position in a rapidly consolidating industry.