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Halliburton 2Q profit jumps 83 percent

Halliburton Co. says its second-quarter profit soared 83 percent as natural gas drilling activity picked up in the U.S. Halliburton is the first of several companies connected to the BP oil spill to report second-quarter financial results. The company, which was hired by BP to seal the Macondo well before…

JPMorgan profit leaps nearly 80%

NEW YORK (AFP) – US banking giant JPMorgan Chase on Thursday announced a net profit of 4.8 billion dollars in the second quarter, up nearly 80 percent from the same period last year. Reporting solid performance across most business areas, the New York-based bank’s profits included 1.5 billion dollars that…

What spill? Rig owner approves $1 billion dividend to shareholders

Five days after appearing before Congress to testify about its responsibility in one of the worst oil spills in US history, the Swiss company that owned and operated the oil rig that sunk into the Gulf of Mexico announced that it would shell out $1 billion in dividends to shareholders.…

Avatar helps Murdoch smile despite News Corp. net profit drop

According to Peter Kafka, senior editor at All Things Digital, Rupert Murdoch should be saying, “Thanks, Jim Cameron.” Rupert Murdoch’s News Corp. said Tuesday that quarterly net profit declined 69 percent but revenue rose by 19 percent and the results beat the expectations of Wall Street analysts. News Corp. posted…

Goldman Sachs posts soaring $3.46 bln profit

NEW YORK (AFP) – Investment giant Goldman Sachs on Tuesday posted surging first quarter profits of 3.46 billion dollars, doubling its profit of one year ago, even as it faces US government probe into its role in the US financial meltdown. Net earnings were up a whopping 91 percent against…

Top five health insurers posted 56 percent profit gains in 2009

If no health care overhaul passes Congress, health insurers may be in for a windfall — and one far larger that most Americans probably realize. According to a study by a pro-health reform group published Thursday, the nation’s largest five health insurance companies posted a 56 percent gain in 2009…

Maddow mocks ‘Tea Party on Tea Party torpedoing’

A for-profit Tea Party convention to be held next month, featuring Sarah Palin as the keynote speaker, is frustrating some conservative grassroots activists who can’t afford the steep price tag, MSNBC’s Rachel Maddow reported Monday night. Maddow pointed to a recent article at Politico that reported Tea Party Nation, the…

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