Market Updates: Loews (NYSE:L), Baker Hughes (NYSE:BHI), Coca-Cola (NYSE:KO), Goldman Sachs (NYSE:GS)

Loews (NYSE:L) the New York holding company for financial, energy and hotels businesses, reported third-quarter net income fell 92% while adjusted profit declined 22%. Earnings fell to $36 million, or 9 cents a share, from $468 million, or $1.08, in the year-earlier period. Shares outstanding fell 3.5% to 418.5 million. Adjusted earnings were $364 million compared with $468 million. The latest results reflect a charge for a transaction under which Loews’s CNA Financial unit ceded certain legacy environmental-related liabilities to National Indemnity Co. In other news, Baker Hughes (NYSE:BHI) the Houston energy-services provider, reported third-quarter earnings tripled on 83% higher revenue. Net income reached $255 million, or 59 cents a share, from $55 million,… . . . → Full Story: Market Updates: Loews (NYSE:L), Baker Hughes (NYSE:BHI), Coca-Cola (NYSE:KO), Goldman Sachs (NYSE:GS)