First Quarter Earnings | featured news

Citigroup Inc. provided more evidence that the nation's big banks may have turned a corner. The bank reported a surprise first-quarter profit Monday as trading revenue offset losses from failed loans....

The bank, which is often considered a bellwether, said that it had clawed back to profitability in the first quarter, after two consecutive periods of losses.

Internet giant Google reports a 37% rise in first-quarter net profit, beating analysts' expectations.

UPS said its first-quarter profit grew by a third on improved margins and a pickup in international shipping demand.

The White House said the economic stimulus bill created or saved about 2.5 million jobs through the first quarter, mostly as a result of tax relief and financial assistance to lower- and middle-income families.

JPMorgan Chase reported a $3.3 billion profit for the first quarter Wednesday, even as its results were tempered by ongoing losses in consumer loan portfolios.

Shares of Intel Corp rose 2.6 percent to $23.35 in extended trading on Tuesday after the company reported its first-quarter results.

AT&T Inc. will take a $1 billion non-cash accounting charge in the first quarter because of the health care overhaul and may cut benefits it offers to current and retired workers....