JTO -- JTOnline

Goldman Sachs profit rises 2%, once again outpacing expectations

Goldman Sachs said Tuesday that fourth-quarter net income rose 2% from a
year ago, with profit beating Wall Street estimates for the eighth
straight quarter, as investment-banking revenue rose sharply, offsetting
moderate growth in some other businesses.

Best Buy quarterly profit surges 52%
NEW YORK
Best Buy Co., the largest U.S. electronics retailer, said Tuesday
third-quarter profit increased 52%, helped by holiday sales of
higher-ticket items such as video game consoles and laptop computers.
The company also lessened promotions on flat-panel televisions.

Sprint Nextel names wireless veteran Hesse as CEO

Sprint Nextel Corp. on Tuesday went back to its recent past to name
longtime industry veteran Daniel Hesse as its new chief executive.

European Central Bank allots $501 billion in short-term funds

The European Central Bank allotted $501 billion to banks after offering
unlimited funds, taking the coordinated action announced by five central
banks last week a step further.

British government extends protection for Northern Rock

LONDON
The British government on Tuesday said it's extending the protection
provided for Northern Rock to cover more of the troubled lender's
wholesale obligations.

# posted by JTO -- jtonline : 12/18/2007 12:13:00 PM