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ESPN, the sports channel that is Walt Disney's most profitable unit, is cutting 300 to 400 jobs across the company and closing a small Denver office, a source said.
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.160x105.jpg?v=1368731367 "In Fed-Driven Rally, Stocks Get Scarce")
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*Q4 adjusted profit of 44 cents tops 43 cent Wall St view. Jan 18- General Electric Co reported a better-than-expected 7.5 percent rise in fourth quarter profit and a sharp increase in its backlog of equipment orders, sparking a 3. 5 percent stock gain in premarket trading.
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Pfizer's unit Zoetis plans to sell 86.1 million shares at between $22 and $25 each in an initial public offering.
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*Q4 adjusted profit of 44 cents tops 43 cent Wall St view. Jan 18- General Electric Co reported a better-than-expected 7.5 percent rise in fourth quarter profit and a sharp increase in its backlog of equipment orders, sending shares up in premarket trading.
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Individual investors left their money with Morgan Stanley waiting for good ideas, Chairman and CEO James Gorman told CNBC Friday.
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Sony said it has agreed to sell its U.S.headquarters building in New York City for $1.1 billion to a consortium led by real estate developer The Chetrit Group.
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Top shareholders in crisis-hit Rio Tinto have identified an unusual scapegoat for the hapless takeovers that triggered the company's eye-watering $14 billion writedown - each other.
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American Express says its net income fell 47 percent in the fourth quarter, as it racked up hefty charges related to restructuring and other one-time expenses.
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Jan 17- BlackRock Inc, the world's largest money manager, said on Thursday its fourth-quarter profit rose 24 percent, bolstered by increased investor confidence in global stock markets. Shares of New York- based BlackRock jumped 4.7 percent to $232.58, a three-year high, on the New York Stock Exchange.
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The MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.4 percent, while South Korea's KOSPI fell 0.6 percent and the Hang Seng Index slipped 0.4 percent. Exporters turned negative, with Canon Inc dropping 0.8 percent, Nikon Corp shedding 1.5 percent and Fanuc Corp falling 0.6 percent.
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Japanese chipmaker Renesas Electronics said on Thursday it plans to cut an additional 3,000 to 4,000 jobs in September as it slims down management and its design operations.
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JPMorgan and Goldman Sachs reported fourth quarter results on Wednesday that beat estimates. However, comments from management and the share performance tell a different story: Banks are still struggling with revenue growth.
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*EBay fourth-quarter revenue, profit slightly exceed forecasts. SAN FRANCISCO, Jan 16- EBay Inc reported holiday quarter results that just beat Wall Street expectations, but the e-commerce company also gave a cautious forecast for 2013.. EBay shares climbed 1.2 percent to $53.53 in after-hours trading following the announcement.
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*JPMorgan, Goldman Sachs earnings jump. NEW YORK, Jan 16- U.S. stock index futures slipped on Wednesday with shares of Boeing set to weigh on the market after two Japanese airlines grounded their Dreamliner fleets. JPMorgan Chase& Co said fourth-quarter net income jumped 53 percent and earnings for 2012 set a record, while earnings at Goldman Sachs nearly tripled.
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Jan 16- Genworth Financial Inc said it would separate its mortgage insurance business into a new company, as the company looks to insulate itself from its troubled mortgage insurance unit, sending its shares up 4 percent before the bell.
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Talks to take Dell private are at an advanced stage with at least four major banks lined up to provide financing, two sources with knowledge of the matter told Reuters.
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*MSCI world share index dip 0.3 pct, European shares open lower. LONDON, Jan 16- World shares slipped while safe-haven bonds and gold firmed on Wednesday as poor economic data from Europe rekindled investors' caution about the health of the global economy.
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LONDON, Jan 16- Europe's top shares opened lower on Wednesday with indexes consolidating around mutli-month highs and near technically "overbought" territory as sovereign risks remain a cloud on the horizon.
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TOKYO, Jan 16- Japan's Nikkei share average fell 2.6 percent on Wednesday, its biggest one-day drop in eight months, as a rebound in the yen prompted investors to take profits on recent outperformers such as shares of exporters. Toyota Motor Corp fell 2.6 percent, Canon Inc dropped 4.1 percent and Fanuc Corp shed 4.3 percent.
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*Silver Lake Partners tapped major banks for financing- sources. NEW YORK/ SAN FRANCISCO, Jan 15- Talks to take Dell Inc private are at an advanced stage with at least four major banks lined up to provide financing, two sources with knowledge of the matter told Reuters, propelling shares of the No. 3 computer maker 7 percent higher.
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*Figures contrast with those of top rival Oracle. FRANKFURT, Jan 15- Quarterly earnings from SAP AG fell short of expectations on Tuesday, showing the German business software maker failed to keep up with arch-rival Oracle Corp and sending its shares sharply lower.