Profit | featured news

The company, reporting its first profit since 2007, said quarterly net income was $1.8 billion.

Stocks rallied Thursday to their highest levels in at least 8 months, as investors eyed the latest batch of better-than-expected profit reports or forecasts and a report that suggested the labor market is starting to stabilize.

One-time restructuring gains gave Ford a quarterly profit of $2.3 billion, despite a loss at its automotive operations.

General Electric said Friday its second quarter net income tumbled 49% on continued woes of its finance unit and ongoing weakness ...

Toy maker Mattel Inc. said today that sales of Barbie and other toys sank in the second quarter, but profit rose 82 percent, beating analyst expectations, as the company reduced expenses.

Citigroup Inc, one of the big U.S. banks hit hardest by the financial crisis, posted a quarterly profit as gains from the sale of its Smith Barney brokerage into a joint venture more than offset losses from its primary banking businesses.

JPMorgan Chase becomes the second major US bank to report a big rise in profits for the April to June period.

Goldman Sachs earned second-quarter profits of $3.44 billion, continuing a robust turnaround since it rode out the tumultuous final months of 2008 with the help of a federal rescue.

The Green Bay Packers haven't been sacked by the recession despite a rough season on the field and significant financial challenges off it, but officials remain wary of the future.

A Connecticut legislative report shows the UConn men's basketball program had a profit of just over $6 million in the 2008 fiscal year.