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(Image from article: "Stocks reach 8-month highs")

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GE profit tops Street view as cost cuts pay off

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.

Stocks reach 8-month highs

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.

Goldman Sachs Reports Big Profit, Beating Forecasts

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.

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