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  • Stock market opens higher; McDonald's stock surges Thursday, 29 Jan 2015 | 9:41 AM ET

    NEW YORK— The U.S. stock market is opening slightly higher as investors digest a mix of corporate and economic news. McDonald's stock climbed 3 percent following news late Wednesday that its CEO is stepping down. The Dow Jones industrial average rose 42 points, or 0.3 percent, to 17,238 shortly after the open Thursday.

  • Jan 29- Abbott Laboratories forecast full-year profit largely in line with analysts' estimates even as other large drugmakers have warned of a stronger dollar hurting their results. The company, which received more than 70 percent of revenue from outside the United States, said it expects 2015 earnings of $2.10- $2.20 per share, compared with the average...

  • BEIJING— For years, Alibaba faced complaints it failed to stamp out sales of counterfeit goods on its e-commerce websites. Given the company's expanding role in China's state-dominated economy, "It's not a surprise that Alibaba finds itself under the spotlight in much the same way that many foreign firms have," said analyst Ben Cavender of the China Market...

  • The Post-Standard of Syracuse reports that Margaritaville will open Monday at the Destiny USA shopping mall in Syracuse. The business is operated by Laguna Niguel, California- based Margaritaville Enterprises. The 12,000- square-foot restaurant in Syracuse, located on Destiny USA's third floor, will employ 200..

  • Columbus McKinnon posts 3Q profit Thursday, 29 Jan 2015 | 8:57 AM ET

    AMHERST, N.Y. _ Columbus McKinnon Corp. on Thursday reported fiscal third-quarter net income of $7.9 million. Columbus McKinnon shares have decreased roughly 9 percent since the beginning of the year. Keywords: Columbus McKinnon, Earnings Report.

  • UPDATE 1-Blackstone 4th-quarter earnings drop 6 percent Thursday, 29 Jan 2015 | 8:43 AM ET

    Jan 29- Blackstone Group LP, the world's largest alternative asset manager, reported a 6 percent decline in fourth-quarter profit on Thursday as its real estate funds appreciated less than they did a year ago. Economic net income, a metric of profitability that takes into account the mark-to-market valuation of its portfolio, fell to $1.45 billion in the...

  • Nasdaq OMX tops 4Q profit forecasts Thursday, 29 Jan 2015 | 8:43 AM ET

    NEW YORK _ The Nasdaq OMX Group Inc. on Thursday reported fourth-quarter profit of $87 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share. Nasdaq OMX shares have decreased 6 percent since the beginning of the year, while the Standard& Poor's 500 index has declined roughly 3 percent.

  • Blackstone beats 4Q profit forecasts Thursday, 29 Jan 2015 | 8:24 AM ET

    NEW YORK _ The Blackstone Group LP on Thursday reported fourth-quarter profit of $1.26 billion. On a per-share basis, the New York- based company said it had net income of 89 cents. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share.

  • Jan 29- JetBlue Airways Corp reported a better-than-expected quarterly profit as it benefitted from lower fuel prices and flew more passengers. JetBlue, whose shares were up 4.6 percent in premarket trading, said average fuel cost per gallon fell to $2.70 in the fourth quarter ended Dec. 31 from $3.10 a year earlier. JetBlue's net profit increased to $88 million,...

  • JetBlue beats 4Q profit forecasts Thursday, 29 Jan 2015 | 8:18 AM ET

    LONG ISLAND CITY, N.Y.— JetBlue Airways Corp. on Thursday reported fourth-quarter profit of $88 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share. JetBlue shares have dropped roughly 1 percent since the beginning of the year.

  • 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...

  • 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...

  • 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.

  • 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...

  • 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...

  • Colgate-Palmolive beats 4Q profit forecasts Thursday, 29 Jan 2015 | 7:21 AM ET

    NEW YORK _ Colgate-Palmolive Co. on Thursday reported fourth-quarter earnings of $628 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share. Colgate-Palmolive shares have decreased nearly 6 percent since the beginning of the year, while the Standard& Poor's 500 index has dropped roughly 3...

  • L-3 beats Street 4Q forecasts Thursday, 29 Jan 2015 | 7:18 AM ET

    NEW YORK _ L-3 Communications Holdings Inc. on Thursday reported fourth-quarter earnings of $203 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.19 per share. Analysts expected $3.15 billion, according to Zacks.

  • Viacom meets 1Q profit forecasts Thursday, 29 Jan 2015 | 7:10 AM ET

    NEW YORK— Viacom Inc. on Thursday reported fiscal first-quarter net income of $500 million. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of $1.29 per share. Viacom shares have decreased 12 percent since the beginning of the year, while the Standard& Poor's 500 index has dropped almost 3 percent.

  • Hershey dips into meat market with Krave Jerky Thursday, 29 Jan 2015 | 7:04 AM ET

    NEW YORK— Hershey has a sudden hankering for protein, with plans to add jerky to its lineup. Krave, based in Sonoma, California, positions itself as a premium jerky with no artificial ingredients and comes in flavors like black cherry barbecue, basil citrus and lemon garlic. Michele Buck, president of Hershey North America, said in a phone interview with The...

  • UPDATE 3-Deutsche Bank's legal headaches drag into 2015 Thursday, 29 Jan 2015 | 7:03 AM ET

    FRANKFURT, Jan 29- Legal costs will weigh down Deutsche Bank's results well into 2015, Germany's biggest bank said on Thursday, as global investigations into cases such as the alleged manipulation of interest rate and currency benchmarks drag on. Deutsche Bank, which had originally hoped to clear its decks of legal problems in 2014, postponed a big litigation...