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  • Feb 3- Eaton Corp Plc, a maker of electrical and hydraulics systems, said Tuesday lower costs helped its quarterly profit beat estimates, sending its shares up 8 percent in morning trading. Net profit attributable to shareholders leapt 21 percent to $581 million, or $1.23 a share, from a year earlier. Excluding items, operating earnings of $1.27 per share topped...

  • DETROIT, Feb 3- AutoNation Inc, the largest U.S. auto dealer group, on Tuesday posted a higher-than-expected quarterly profit due to strong profit margins from new and used vehicle sales, driving its shares up nearly 8 percent. AutoNation Chief Executive Officer Mike Jackson said in an interview that low gasoline prices of about $2 a gallon, generous financing...

  • RIO DE JANEIRO, Feb 3- Shares of Brazilian state-run oil company Petrobras jumped more than 8 percent on Tuesday after a local newspaper reported that President Dilma Rousseff decided to replace the embattled company's chief executive officer, Maria das Gra├žas Foster. Petroleo Brasileiro SA, as Petrobras is formally known, did not immediately respond to...

  • *Q4 revenue $1.28 bln vs. est $1.21 bln. Feb 2- Miner Cliffs Natural Resources Inc reported a 26 percent jump in quarterly iron-ore sales volumes and lower production costs in the United States as it continued to cut jobs and related expenses. Cliffs Natural Resources shares rose as much as 11 percent to $7.70 in after-market trading.

  • Feb 2- Ardelyx Inc said chronic kidney disease patients treated with its kidney drug experienced higher-than-expected levels of diarrhea in a mid-stage study. The drug, Tenapanor, being co-developed with AstraZeneca PLC, however, met the main goal of "significantly" reducing phosphate levels in patients who were on dialysis. Ardelyx licensed the drug to...

  • Feb 2- Lululemon Athletica Inc founder Chip Wilson, a sometimes controversial figure who helped build the Canadian yogawear retailer into an international success story, said on Monday he was resigning from the company's board. "I believe that now is the right time to step away," Wilson said in a statement. Shares in Lululemon fell 1.4 percent at $65.34 on the...

  • *Seiko Epson, Konica Minolta dive after earnings. TOKYO, Feb 2- Japanese share prices fell on Monday after economic data from the U.S. and China cast shadows on the global economic outlook, while shares in two printer manufacturers tumbled after their earnings disappointed investors. Printer maker Seiko Epson fell 10.6 percent and rival Konica Minolta dropped...

  • Jan 30- Shares of Spark Therapeutics Inc more than doubled in their debut, valuing the gene-therapy company at nearly $1.5 billion and underscoring investor's interest in the field that recently produced a million-dollar drug. The company's shares opened at $45.10 in their debut on Friday, nearly double their IPO price of $23, and soared to a high of $50 with...

  • AOL to lay off nearly 150, mostly in sales Friday, 30 Jan 2015 | 11:43 AM ET
    Tim Armstrong

    In an attempt to reorganize, AOL is expected to announce about 150 layoffs and website consolidation.

  • Jan 26- Mattel Inc removed Chief Executive Bryan Stockton after another disappointing holiday shopping season for the maker of the aging Barbie doll. On Monday, Mattel cited a strong dollar as a major factor behind a decline in revenue in the fourth quarter. Mattel's shares fell as much as 11 percent to a three-year low before recovering to trade down about 4...

  • Jan 30- Shares of trendy hamburger chain Shake Shack Inc soared 150 percent in their first few minutes of trading on Friday, valuing the company that grew out of a hotdog cart in New York's Madison Square Park at nearly $2 billion. Shake Shack shares hit $52.49 in early trading on the New York Stock Exchange, way above their offer price of $21, before easing back to $48.

  • Shake Shack sizzles in market debut Friday, 30 Jan 2015 | 10:18 AM ET

    Jan 30- Shares of gourmet hamburger chain Shake Shack Inc soared 150 percent in their first few minutes of trading on Friday, valuing the company that grew out of a hotdog cart in New York's Madison Square Park at nearly $2 billion. Meyer, who also owns popular New York restaurants Blue Smoke, Gramercy Tavern and Union Square Cafe, opened the first Shake Shack in...

  • NEW YORK, Jan 30- U.S. stock index futures fell on Friday ahead of data on economic growth, consumer inflation and confidence, with major indexes poised for a second month of declines. *Google Inc shares rose 1.2 percent in premarket trading after revenue grew 15 percent in the fourth quarter but fell short of Wall Street's target on declining online ad prices and...

  • Jan 30- Mattel Inc, the maker of Barbie dolls and Fisher-Price preschool toys, reported its fifth straight fall in quarterly sales in North America, a nagging decline that likely cost Brian Stockton his job as chief executive this week. Shares of Mattel, which also makes Hot Wheels cars and Monster High and American Girl dolls, fell about 5 percent in light...

  • Why energy M&A hasn't hit critical mass Friday, 30 Jan 2015 | 7:51 AM ET
    Blair Effron, Centerview Partners, Partner and Co-Founder.

    Valuations for energy companies may not have fallen far enough to spark dealmaking, two analysts tell CNBC.

  • Crane maker Manitowoc to spin off foodservice business Thursday, 29 Jan 2015 | 5:52 PM ET

    Jan 29- Crane maker Manitowoc Co Inc said it would spinoff its high-margin foodservice business into a publicly traded company, sending the company's shares up 8 percent in extended trading. Activist investors Carl Icahn and Ralph Whitworth's Relational Investors had been pushing the company over the past few months to split its cranes and foodservice...

  • *Wall St rallies as Apple, Boeing lead in late-day surge. Major Wall Street indexes surged almost 1 percent or more as Apple Inc and Boeing Co extended gains following their strong earnings reports earlier this week. Amazon.com and Google Inc reported earnings after the bell, with Amazon shares gaining as much as 8.5 percent, but Google fell almost 5 percent.

  • SAN FRANCISCO, Jan 29- Amazon.com Inc reported earnings of 45 cents per share for the crucial holiday quarter, trouncing analysts' expectations and sending its shares up 9 percent. Wall Street expected Amazon to report earnings per share of 17 cents, according to Thomson Reuters I/B/E/S. In 2014, Amazon paid billions for Prime shipping and put $1.3 billion into...

  • SAN FRANCISCO, Jan 29- Google Inc's revenue grew 15 percent in the fourth quarter, falling short of Wall Street's target on declining online ad prices and unfavorable foreign exchange rates. Shares of Google fell 3.5 percent to $493 in after-hours trading on Thursday. Google said on Thursday the average price of its online ads, or "cost per click," decreased 3...

  • Amazon sales climb in holiday quarter, shares rise Thursday, 29 Jan 2015 | 4:11 PM ET

    SAN FRANCISCO, Jan 29- Amazon.com Inc reported earnings of 45 cents per share as sales climbed 15 percent during the crucial holiday quarter, sending its shares up 5 percent. Revenue rose 15 percent to $29.3 billion in the quarter, slightly short of the average analyst estimate of nearly $30 billion, according to Thomson Reuters I/B/E/S. About a third of Amazon's...