Quarterly Results, Quarterly Profit | featured news

General Electric Co called the end to its two-year slump on Friday, reporting earnings that beat Wall Street forecasts and saying profit should rise through the rest of 2010.

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 Yahoo posts a $153m profit in the fourth quarter, but says sales are continuing to fall.

McDonald's earnings rose 23% on stronger margins and same-store sales along with an increase in customer visits.

The results marked a reversal of fortune for Morgan Stanley, which had reported three consecutive quarterly losses.