Electronics giant Phillips had a rough quarter with weakness in Europe. January 29, 2012- Philips, the Dutch electronics company, announced on Monday that it had posted a net loss for the fourth quarter of 2011. It blamed European market conditions and losses it has from discontinued operations. The company posted a loss of $214 million on revenue of $8.85 billion for the quarter. Those figures compared to a profit of $611 million from sales of $8.6 billion in the same quarter a year ago. Philips... 

Goldman Sachs is having a difficult time in the recession. January 19, 2012- Goldman’s used cost cutting measures to help them to a profit. It slashed costs from car services to officer’s compensation in order to deliver its shareholders a profit. By cutting costs, the company was able to report a profit of $978 million or $1.84 per share for the fourth quarter. That topped analysts’ estimates by $0.64 per share. Following the release of the earnings report, Goldman shares jumped by nearly...