Reuters - Goldman Sachs Group Inc said on Tuesday quarterly earnings fell 11 percent as market turmoil hit trading and slowed investment banking, yet the firm again exceeded expectations by avoiding major losses on assets slammed by the credit crisis.

Reuters - Lehman Brothers Holdings Inc's shares dropped 7.6 percent on Tuesday, as earnings from rival Goldman Sachs Group showed how difficult the future could be for Lehman, analysts said.

AP - Goldman Sachs navigated yet another quarter of market turmoil and tight credit, with runaway prices of commodities such as oil and gold helping to drive profit.

AP - Goldman Sachs Group Inc., the world's largest investment bank, on Tuesday said second-quarter earnings fell about 10 percent, but still easily beat lowered Wall Street expectations on higher fees from asset management and stock underwriting.

Reuters - Goldman Sachs Group Inc said on Tuesday quarterly earnings fell 11 percent as market turmoil hit trading and slowed investment banking, yet the firm again exceeded expectations by avoiding major losses on assets slammed by the credit crisis.

AP - Lehman Brothers Chief Executive Richard Fuld on Monday took the blame for the company's staggering second-quarter loss, and said the investment bank was too slow in reacting to the credit crisis.

Reuters - Investment bank Lehman Brothers Holdings Inc posted a quarterly loss of $2.8 billion on Monday, matching its forecast, after recording massive trading and hedging losses.

Reuters - U.S. design software maker Adobe Systems Inc issued a revenue outlook that disappointed some investors on Monday, sending its shares down 2.6 percent.

Reuters - Investment bank Lehman Brothers Holdings Inc posted a quarterly loss of $2.8 billion on Monday, matching its forecast, after recording massive trading and hedging losses.

AP - Lehman Brothers Holdings Inc. posted a nearly $3 billion loss Monday, after the nation's fourth-largest investment bank was hurt by wrong-way hedging and trading positions.

Reuters - Wall Street analysts have forecast a huge drop in second-quarter earnings for Goldman Sachs Group Inc and Morgan Stanley , while Lehman Brothers Holdings Inc is expected to post its first-ever quarterly loss, mainly on hedging losses.