US Corporate Stocks In News: Goldman Sachs Group (NYSE:GS), Schlumberger (NYSE:SLB), SanDisk Corporation (NASDAQ:SNDK), International Business Machines (NYSE:IBM)

Technology Stocks News 5

Goldman Sachs Group Inc (NYSE:GS) reported an 11 percent drop in quarterly profit as client activity remained constrained and fixed-income revenue shrank, but both earnings and revenue beat market estimates and the Wall Street bank’s shares rose. Goldman Sachs Group Inc (NYSE:GS) stock performance was 0.14% in last session and finished the day at $157.44. Traded volume was 4.53million shares in the last session and the average volume of the stock remained 3.63million shares. The beta of the stock remained 1.69. Goldman Sachs Group Inc (NYSE:GS) insider ownership is 1.60%.

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.57 billion in the first quarter of 2013. Schlumberger CEO Paal Kibsgaard commented, “Growing new technology sales and expanding integration activity drove our first-quarter results despite the severe winter weather that impacted operations in Russia, China and North America. Schlumberger Limited. (NYSE:SLB) dropped -1.02 percent to $99.91 Thursday on volume of 10.17million shares. The intra-day range of the stock was $99.22 to $101.87. Schlumberger Limited. (NYSE:SLB) has a market capitalization of $130.62billion.

SanDisk Corporation (NASDAQ:SNDK) had its price target upped by Needham & Company LLC from $83.00 to $90.00 in a research note issued to investors on Thursday, Stock Ratings Network.com reports. The firm currently has a buy rating on the stock. SanDisk Corporation (NASDAQ:SNDK)’s stock on Apr 17, 2014 reported a increase of 9.41% to the closing price of $82.99. Its fifty two weeks range is $50.68-$85.37. The total market capitalization recorded $18.71billion. The overall volume in the last trading session was 12.32million shares. In its share capital, SDK has 225.51million outstanding shares.

General Motors Co., Ford Motor Co. and International Business Machines Corp. (NYSE:IBM) lost a bid to stop victims from suing them in the US for allegedly aiding the former apartheid regime in South Africa. US District Judge Shira Scheindlin in Manhattan ruled yesterday that corporations may be liable for human rights abuses committed overseas under a law that allows non-citizens claiming violations of international laws to sue in the US She rejected the companies’ argument that earlier court rulings interpreting the 1789 Alien Tort Statute shield multinationals from such lawsuits. On Thursday, shares of International Business Machines Corp. (NYSE:IBM) dropped -3.25% to close the day at $190.01. Company return on investment (ROI) is 26.40% and its monthly performance is recorded as 2.87%. International Business Machines Corp. (NYSE:IBM) quarterly revenue growth is 1.21%.

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