Goldman shares climbed 4.6% to $151.89 in late trading, adding to gains from Thursday's trading session, after the Securities and Exchange Commission said the bank will pay $550 million and reform its business practices to settle SEC charges that the Wall Street firm misled investors in a subprime mortgage product just as the U.S. housing market was starting to collapse. Goldman agreed to settle the charges without admitting or denying the allegations.
Google's second-quarter earnings climbed 24% as the Internet giant's advertising revenue accelerated growth, and the company noted very strong growth in its emerging businesses. Still, shares fell 4.4% to $472 in after-hours trading, as the company's earnings missed Wall Street's expectations. (more)
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