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  • Abbott beats 4Q profit forecasts Thursday, 29 Jan 2015 | 8:06 AM ET

    The Abbott Park, Illinois- based company said it had net income of 59 cents per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share. Analysts expected $5.48 billion, according to Zacks.

  • Refiner Valero Energy's profit falls 5 pct Thursday, 29 Jan 2015 | 8:05 AM ET

    Jan 29- U.S. refiner Valero Energy Corp reported a 5 percent fall in quarterly income, hurt by a narrower spread between Brent and WTI crude and a drop in operating profit at its ethanol business. San Antonio- based Valero said net income from continuing operations attributable to stockholders fell to $1.22 billion, or $2.22 per share, for the quarter ended Dec. 31...

  • Jan 29- Coach Inc posted a better-than-expected profit for the second quarter as demand for its Poppy handbags improved in North America, its biggest market, from the first quarter and sales rose in China, a key market. Coach has been shifting focus to markets such as Asia and Europe as it loses customers in North America to fast-growing rivals Michael Kors...

  • Remote and costly to develop, the Arctic is estimated to contain 20 percent of the world's undiscovered hydrocarbon resources and despite fierce opposition, plans for drilling north of the Arctic Circle are under way in the United States, Russia and Norway. Shell, Europe's largest energy firm, is intent on restarting its Arctic drilling campaign in Alaska's...

  • Abbott Labs profit beats Street estimates Thursday, 29 Jan 2015 | 7:59 AM ET

    Jan 29- Abbott Laboratories reported a better-than-expected quarterly profit, helped by re-introduction in China and Vietnam of pediatric milk formula brands. The company's net earnings rose to $905 million, or 59 cents per share, in the fourth quarter from $589 million, or 37 cents per share, a year earlier. Excluding special items, Abbott earned 71 cents per...

  • Jan 29- Dow Chemical Co's adjusted profit handily beat analysts' estimate as margins in its agricultural sciences business soared, helped largely by new crop protection products. The company plans to raise $7.5 billion to $8 billion from asset sales by mid-2016. Net income available for the company's shareholders fell 24 percent to $734 million, or 63 cents per...

  • William Shatner knows the ups, downs of traveling Thursday, 29 Jan 2015 | 7:56 AM ET

    LOS ANGELES— William Shatner is back as a shrewd, unflappable travel expert in his latest TV commercial for an online company. It was one of the most embarrassing moments of my life, "Shatner said, recalling the incident at Los Angeles International Airport. Shatner returns as the priceline.com Negotiator in a new ad campaign that launches Sunday, with Kaley...

  • Zimmer beats 4Q profit forecasts Thursday, 29 Jan 2015 | 7:54 AM ET

    WARSAW, Ind. _ Zimmer Holdings Inc. on Thursday reported fourth-quarter profit of $156.6 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.70 per share. Analysts expected $1.24 billion, according to Zacks.

  • Quest Diagnostics tops Street 4Q forecasts Thursday, 29 Jan 2015 | 7:51 AM ET

    MADISON, N.J. _ Quest Diagnostics Inc. on Thursday reported fourth-quarter earnings of $190 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share. Quest Diagnostics expects full-year earnings in the range of $4.70 to $4.85 per share.

  • Coach 2Q adjusted profit beats analysts' estimates Thursday, 29 Jan 2015 | 7:51 AM ET

    The handbag, accessories and footwear company earned $183.5 million, or 66 cents per share, for the period ended Dec. 27. A year earlier the New York company earned $297.4 million, or $1.06 per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.

  • Jan 29- Alibaba Group Holding Ltd's quarterly revenue fell short of analysts' expectations, showing signs of a slowdown in the Chinese e-commerce company's scorching growth. Alibaba's shares fell 7 percent in premarket trading on Thursday. Alibaba's second quarterly report card since its record-breaking $25 billion IPO still underscored how it has...

  • Baxter beats Street 4Q forecasts Thursday, 29 Jan 2015 | 7:48 AM ET

    DEERFIELD, Ill. _ Baxter International Inc. on Thursday reported fourth-quarter earnings of $953 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share. Analysts expected $4.35 billion, according to Zacks.

  • Time Warner Cable profit misses, adds subscribers Thursday, 29 Jan 2015 | 7:45 AM ET
    Pedestrians pass in front of a Time Warner Cable location in New York.

    Time Warner Cable's fourth-quarter profit climbed as it added a record number of subscribers, but its adjusted results missed analysts' estimates.

  • Raytheon misses 4Q profit forecasts Thursday, 29 Jan 2015 | 7:43 AM ET

    WALTHAM, Mass. _ Raytheon Co. on Thursday reported fourth-quarter earnings of $582 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.78 per share. Raytheon expects full-year earnings in the range of $5.49 to $5.64 per share, with revenue in the range of $22.3 billion to $22.8 billion.

  • The company said Wednesday after markets closed that Don Thompson, who has been CEO for 2 1/ 2 years, was stepping down and would be replaced by Steve Easterbrook, the chief brand officer. Janney Capital Markets analyst Mark Kalinowski said the new CEO faces several key questions like whether the company's menu simplification can be meaningfully accelerated...

  • Bemis beats 4Q profit forecasts Thursday, 29 Jan 2015 | 7:39 AM ET

    NEENAH, Wis. _ Bemis Co. on Thursday reported fourth-quarter profit of $59.1 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share. Analysts expected $1.08 billion, according to Zacks.

  • NEW YORK— Chinese e-commerce powerhouse Alibaba's Group reported adjusted fourth-quarter earnings that beat expectations as its user base continued to grow and shoppers bought more on mobile phones. Alibaba said the report is unfair and it is preparing a formal complaint. In the October to December quarter, net income fell 28 percent to 5.84 billion yuan, or...

  • MILWAUKEE— Harley-Davidson's fourth-quarter earnings slipped as a stronger U.S. dollar hurt the motorcycle maker's bottom line, which still topped analyst expectations. Analysts expected, on average, earnings of 33 cents per share, according to Zacks Investment Research. Harley-Davidson Inc. shares climbed 71 cents to $63 in premarket trading Thursday 30...

  • LONDON, Jan 29- Standard Chartered's board will discuss succession planning at a meeting in Washington, D.C., on Thursday, people familiar with the matter said. It was inevitable issues around the succession of Chief Executive Peter Sands would come up, two people familiar with the matter said. The former McKinsey consultant steered Standard Chartered through...

  • Cardinal tops Street 2Q forecasts Thursday, 29 Jan 2015 | 7:27 AM ET

    DUBLIN, Ohio _ Cardinal Health Inc. on Thursday reported fiscal second-quarter earnings of $289 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share. Analysts expected $23.51 billion, according to Zacks.