Bloomberg When Bank of America Corp. (BoFA) and Goldman Sachs Group Inc. posted earnings, one had record income from lending while the other had better-than-expected trading. The surprise is which was which. Goldman Sachs, the vaunted trading house, pointed to growth in its effort to lend to wealthy people as a bright spot. Bank of America, with 4,500 branches across ...

Bloomberg Lockheed Martin Corp. raised its profit forecast weeks after a $5.58 billion down payment on the latest contract for its F-35 Lightning II fighter signaled the jet’s revenue potential. Earnings will be $12.30 to $12.60 a share this year, 15 cents more than previously forecast, the company said in a statement as it reported second-quarter profit that topped analysts’ ...

KHOBAR / Reuters A ban on laptops and other large electronic devices from the cabins of direct flights to the United States from Saudi Arabia has been lifted, Saudi Arabian Airlines said on Wednesday. In March, U.S. officials imposed restrictions on passengers carrying laptops and other large electronic gear in cabins on nine airlines, most of which were Middle Eastern ...