Earnings & Sales Reports, Profit | featured news

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.