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Google Profit Rises, Revenue Growth Fails To Impress
TechWeb - The search giant said quarterly profit nearly tripled,
helped by a lower tax rate and expense controls, but revenue
growth failed to impress investors.
Volvo profit lags forecast
Reuters - Truck maker Volvo posted quarterly
pretax earnings below consensus on Friday but raised its
outlook for the European truck market and said it would make an
extraordinary pay-out to shareholders.
More earnings reports in the week ahead
AP - The uncertainty that has at times waylaid Wall Street in the new year might be less of a factor in the coming week now that investors have been placated by generally good corporate earnings and upbeat comments from the Federal Reserve.
Wall Street to get another earnings rush
AP - The uncertainty that has at times waylaid Wall Street in the new year might be less of a factor in the coming week now that investors have been placated by generally good corporate earnings and upbeat comments from the Federal Reserve.
Japan Airlines reports $90M loss in 3Q
AP - Japan Airlines reported a net loss of 10.8 billion yen, or $89.9 million, in the latest quarter Tuesday, about the same amount of red ink as a year ago, partly due to soaring oil prices a dip in ski travel.
BHP Billiton's profit rose 41 percent
AP - BHP Billiton Ltd., the world's biggest mining company, said Wednesday its net profit rose 41 percent to a record $6.2 billion for the half-year through December.
Prudential more than doubles 4Q profit
AP - Prudential Financial Inc. raised its 2007 earnings guidance once again after the life insurance and investment giant reported that profit more than doubled in the fourth quarter, led by a turnaround in its investment division.
Securitas takes Q4 charge, clears way for new CEO
Reuters - Swedish security services firm
Securitas AB (SECUb.ST) posted a fourth-quarter pretax loss on
Friday after a large one-off charge.
Nasdaq's hostile bid for LSE fails
AP - The Nasdaq Stock Market Inc. failed for the second time in a year to win control of the London Stock Exchange PLC, revealing Saturday that its $5.3 billion hostile bid had been spurned by the British bourse's shareholders.
Nasdaq fails to gain control of LSE
AP - The Nasdaq Stock Market Inc. failed for the second time in a year to win control of the London Stock Exchange PLC, revealing Saturday that its $5.3 billion hostile bid had been spurned by the British bourse's shareholders.
Stock futures fall slightly
AP - U.S. stock futures on Monday were adrift after some recent weakness, with Bristol-Myers Squibb lower in overseas trading on diminished hopes the pharmaceutical will be taken over.
Sanofi tops forecast, no comment on Bristol
Reuters - Sanofi-Aventis posted
higher-than-expected fourth-quarter current operating profit,
despite healthcare savings in Europe as well as generic
rivalry, and the drugmaker predicted more growth for 2007.
Europe ahead on robust earnings
FT.com - On a busy day for corporate earnings, European equity markets moved higher by mid-morning on Wednesday, helped by strength in the support services and software sectors and overnight gains on Wall Street and in Asia.
Baidu.com 4Q earnings grow fivefold
AP - China's leading Internet search engine, Baidu.com Inc., reported a fivefold increase in fourth-quarter net income as online marketing revenue more than doubled.
Stocks set to open down heading into holiday
Reuters - U.S. shares are set to open lower on
Friday before the Presidents Day long weekend as investors
focus on economic data, options expiries and bid target Compass
Bancshares , with little of note on corporate earnings.
Puma says 4Q profits down 26 percent
AP - Puma AG, the maker of athletic shoes, shirts and other sporting goods, said Monday its fourth-quarter profit fell 26 percent as it tries to broaden its product base and expand into new regions.
Bridgestone reports drop in profit
AP - Japanese tire maker Bridgestone Corp. said Tuesday that full-year profit dropped by more than half last year due to higher prices for rubber, crude oil and other raw materials.
Medtronic 3Q profits rise 6 percent
AP - The business idea hasn't changed. Medical device maker Medtronic Inc. says millions of people need implantable defibrillators, and it's a market that should grow at 10 percent a year or more, eventually.
HP Quarterly Profit Rises, Helped By PCs
TechWeb - Boosted by its booming PC business, Hewlett-Packard's quarterly profit rose 26%, topping Wall Street targets.
Sempra Energy shows sharp earns drop
AP - Sempra Energy, the parent of Southern California's two major gas utilities and an energy trading business, on Thursday posted a 65 percent drop in fourth-quarter profits, hurt by investments in Argentina that soured when that country's economy collapsed five years ago.
Consumer-related data might move stocks
AP - This week on Wall Street will be all about American consumers and whether their spending habits are strong enough to support a steady advance in stocks.
Marvel Entertainment posts lower quarterly profit
Reuters - Marvel Entertainment Inc. reported
lower profit for the fourth quarter, as contributions fell from
its domestic licensing and Spider-Man merchandising joint
venture.
Sanyo may correct reports after irregularities
AFP - Sanyo Electric Co. said Tuesday that it may correct its past earnings reports following allegations of accounting irregularities.
Asia dumps stocks amid global slump
FT.com - Stock markets across the Asia Pacific region opened weaker Wednesday morning, continuing a global slump from the previous day that saw US stock indices posting their steepest drop since the September 11 2001 terrorism attack.
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