Stocks in the news: Goldman Sachs, Citigroup, Nokia, Lazard

Some of the companies making headlines today:

Goldman Sachs Group Inc.'s (GS) third-quarter earnings rose 73 percent as income from the company's trading operations offset a drop in its investment banking business. Goldman earned $3.03 billion, or $5.25 per share, easily beating analysts' expectations for a profit of $4.24 per share. But investment banking revenue fell 31 percent to $899 million in the third quarter. Investors reacted to the slide in investment banking revenue and shares fell about 1.5 percent in pre-market trading.

Citigroup Inc. (C) reported $101 million in profit, before accounting for stock dividends and the debt exchange offer that give the government a 34 percent stake in the bank. Including those items, it reported a $3.24 billion loss and served to remind Wall Street the economy is still struggling as loan losses and the amount of money it set aside for failed loans in the quarter remained high. Shares dropped 3.8 percent ahead of the bell.Nokia Corp. (NOK) on Thursday surprisingly reported a loss of euro559 million ($832 million) in the third quarter, taking hits from a 20 percent drop in sales and a one-time charge for the fallen value of its network equipment unit. Shares tanked over 9 percent before the bell.

Xilinx (XLNX) late Wednesday reported a 21 percent profit drop but predicted revenue for the current quarter will top Wall Street estimates and lifted its dividend by 14 percent.

Harley-Davidson (HOG) also reported Thursday morning, saying its third-quarter net income dropped 84 percent to $26.48 million, or 11 cents a share due to lower shipments. This was about half of analyst estimates. Shares declined over 3 percent in pre-market trade.

Baxter International (BAX) reported higher third-quarter earnings early Thursday of of $530 million, or 87 cents a share and inched its full-year forecast higher. Excluding various items, On and adjusted basis Baxter would have earned 98 cents a share, slightly above estimates. Shares declined as sales were flat.

Charles Schwab Corp. (SCHW) said Thursday its third-quarter net income declined by a bout a third to $200 million, or 17 cents a share, beating expectations by a penny. Shares fell 2.7 percent.

Cypress Semiconductor Corp. (CY) said Thursday that it lost $19.7 million, or 13 cents a share as revenue fell 20 percent. On an adjusted basis, however, Cypress beat estimates. Shares fell nearly 4 percent.

IBM (IBM), Advanced Micro Devices (AMD) and Google (GOOG) are due to report today after the close. Meanwhile, an executive with Google says the company will launch a new platform next year that lets readers buy books that can be accessed from anywhere, be it a personal computer, cell phone or other platform.

Tandberg spurned a $3 billion bid from Cisco (CSCO).

Xstrata on Thursday walked away from a potential $98 billion merger with Anglo American (AAUKY), but left the door open for another approach by saying it still believes a deal would make strategic sense.

Anheuser-Busch InBev (BUD), has agreed to sell breweries in nine eastern European countries to CVC Capital Partners for an initial $2.23 billion, passing its target for divestments since its merger a year ago.

Lazard (LAZ) also will be in focus after its Bruce Wasserstein, CEO died Wednesday afternoon in New York after being hospitalized Sunday night with an irregular heartbeat.

New York Times Co. (NYT) dropped plans to sell the Boston Globe.

Research In Motion (RIMM) is launching a new version of its touchscreen Storm smartphone, marking its latest move in the fight with Apple's (AAPL) iPhone.

Protalix BioTherapeutics Inc. (PLX) said a late-stage trial of its drug Uplyso to treat Gaucher disease, a type of genetic disorder, met its main goal. Shares jumped over 9 percent ahead of the bell.

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