Baker Hughes,Schlumberger Profits Lift Oil Field Services Gloom
Oil field services companies Schlumberger Ltd. (SLB) and Baker Hughes Inc. (BHI) on Friday surprised Wall Street with better-than-forecast second-quarter results at a time when their businesses face rising costs in North America and global economic uncertainty.
J.P. Morgan Blames Lehman Brothers' Management
J.P. Morgan & Co. (JPM) said senior management of Lehman Brothers Holdings Inc. is to blame for the investment bank's "disastrous" high-risk strategy that resulted in a series of fraudulent transactions and led to the bank's demise and the largest bankruptcy filing in the nation's history. Lehman's
Gold Ends Higher; Copper The Top Loser
Gold futures shook off early weakness to end modestly higher on Friday, as the rally in agriculture commodities continued and some traders saw in it the threat of inflation.