second quarter

U.S. Economy Grew 1.7% in Second Quarter

The final numbers on U.S. GDP growth for the second quarter are in, and they're a bit better than the previous revision's reading. GDP inched 1.7% higher in the second quarter, up from the earlier 1.6% estimate.

IPOs Are Coming Back Strong in 2010

IPOs increased last quarter to their best pace since the financial crisis began, and the pipeline is filled with highly anticipated new offerings. It's a sign that markets are more willing to finance long-term growth, and that investors are again willing to take risks for higher returns.

GDP Growth Weaker in the Second Quarter

The U.S. economy down-shifted in the second quarter as it grew a tepid 2.4%: too slow a pace to reduce unemployment and boost sales. However, that disappointing stat was offset somewhat by an upward revision of first-quarter GDP growth to 3.7% from the previously-estimated 2.7%.

AstraZeneca Earnings Rise 9% on Strong Sales

AstraZeneca's core earnings per share rose 9% in the second quarter, helped by a strong performance in emerging markets. While the British pharmaceutical warned the rest of the year will be "challenging," it also raised its 2010 earnings forecast for the third time this year.

Sanofi-Aventis Earnings Beat Expectations

Sanofi-Aventis reported its second-quarter net profit rose 7.6% to 2.48 billion euros, beating expectations. But the French drugmaker warned that earnings may fall for the full year, and it remained silent about its rumored plan to make a friendly bid for Genzyme.

WellPoint Earnings: Health Insurer Beats Estimates

WellPoint's second-quarter net income rose 4% due to favorable reserve development, which offset a decline in commercial enrollment caused by the tough economy. The health insurer said it earned $722.4 million in the second quarter, up from $693.5 million in the year-ago period.

Morgan Stanley Earnings Preview: A Return to Profits

Morgan Stanley is expected to swing back to profitability in the second quarter when it releases results ahead of Wednesday's opening bell, but like other Wall Street giants, its revenues from trading likely swooned along with the market in spring and early summer.

Goldman Sachs Earnings Tumble on SEC Settlement

Goldman Sachs earnings fell sharply in the second quarter, hurt by its $550 million settlement with the Securities and Exchange Commission and a U.K. payroll tax, but on an adjusted basis, the investment bank's profits easily topped Wall Street estimates.

Johnson & Johnson Earnings Up, but Recalls Cut Guidance

Johnson & Johnson's earnings for the second quarter of 2010 rose 5.4% to $3.4 billion, or $1.23 per share, from $3.2 billion or $1.15 per share, the company announced Tuesday morning. Adjusted earnings, which exclude litigation costs, were $1.21 per share.

General Electric Posts a 14% Rise in Earnings

Industrial giant General Electric reported second- quarter earnings of 30 cents per share, three cents above the consensus estimate. Equally significant, GE said losses at its GE Capital Finance unit have peaked and the unit's earnings are rebounding.

Intel Is Poised to Set the Pace for Tech Earnings

Investors are looking for a strong showing from the bellwether chipmker, which would offer further evidence that U.S. companies -- and tech firms in particular -- are continuing to emerge from the recession. Analysts expect Intel to come through.

Railway Giant CSX Rolled Ahead in Second Quarter

Railway operator CSX said second-quarter profit increased 47% or $414 million from the previous quarter. CSX had predicted a 96 cents a share increase, but exceeded expectations with the $1.07 a share increase. Revenue rose 22%, pushed by an improving economy and higher prices.

Netflix Q2 shines through downturn

Consumers are turning to rent-by-mail videos in ever-higher numbers -- perhaps to keep themselves entertained as they while away their long stints of...