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April 19- General Electric Co reported a first-quarter profit in line with Wall Street's expectations on Friday, as the conglomerate sold more jet engines and shed its stake in NBC Universal.
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April 19- Honeywell International Inc reported a 17 percent rise in first-quarter profit, helped by higher margins. Net income attributable to the company rose to $966 million, or $1.21 per share, in the quarter ended March, from $823 million, or $1.04 per share, a year earlier.
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April 18- General Electric Co reported a 16 percent rise in first-quarter earnings on Friday as it sold more equipment for oil and gas drilling and shed its stake in NBC Universal. The world's biggest maker of jet engines and electric turbines said it had earned $3.53 billion, or 34 cents per share, compared with $3.03 billion, or 29 cents per share, a year earlier.
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April 18- General Electric Co reported a 16 percent rise in first-quarter earnings on Friday as it sold more equipment for oil and gas drilling and shed its stake in NBC Universal. The world's biggest maker of jet engines and electric turbines said it had earned $3.53 billion, or 34 cents per share, compared with $3.03 billion, or 29 cents per share, a year earlier.
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LONDON, April 19- Growing public protests against austerity have not blown Portugal's borrowing costs off course, suggesting investors still believe the European Union will make the country's bailout work.
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More than a dozen offerings this year have rekindled private equity groups' hopes to list some of their largest assets bought during the bubble. The initial public offering of Intelsat on Thursday shows that it is feasible, but can also be painful, the FT reports.
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April 18- Blackstone Group LP's SeaWorld Entertainment Inc priced its initial public offering of 26 million shares at $27 per share, the top end of its planned price range, according to an underwriter. Orlando, Florida- based SeaWorld' s IPO raised $702 million and valued the theme-park operator at slightly over $2.5 billion.
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April 18- J.C. Penney Co Inc is speaking with Wells Fargo& Co and others, including parties that invest in troubled companies, about a new loan to help it shore up its cash reserves, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Penney, Wells Fargo and TPG declined to comment.
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April 18- J.C. Penney Co Inc is speaking with Wells Fargo& Co and others, including parties that invest in troubled companies, about a new loan to help it shore up its cash reserves, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Penney and Wells Fargo declined to comment.
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April 18- American Airlines parent AMR Corp, which plans to merge with US Airways Group Inc to form the world's biggest carrier, reported higher-than-expected adjusted quarterly earnings on Thursday, aided by cost-cutting from its bankruptcy restructuring.
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NEW YORK, April 18- Morgan Stanley's wealth management business plans to grow revenue by lending more of its customer deposits, but the bank is growing its loan book slowly to avoid taking on excessive risk, Chief Financial Officer Ruth Porat said on Thursday.
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MILAN, April 18- Italian tax police descended on the Milan offices of JP Morgan on Thursday in search of documents in their investigation into suspected fraud at Monte dei Paschi bank, as a scandal rocking Italian finance spreads to foreign banks doing business there.
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*Says will continue to get support from China- based banks. April 18- Chinese solar panel maker LDK Solar Co Ltd, which partially defaulted on a bond payment this week, said it was in the process of securing a 2 billion yuan credit facility as it struggles to meet looming debt payments.
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April 18- Intelsat Global Holdings shares remained flat in their New York Stock Exchange debut on Thursday after the satellite operator priced fewer shares than expected, and at a level that was below the proposed range.
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*UnitedHealth lowers 2013 revenue outlook. April 18- Lower government payments for private Medicare services and prescriptions for older people dragged down UnitedHealth Group Inc's first-quarter profits, the company said on Thursday.
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April 18- PepsiCo Inc posted better-than-expected quarterly earnings on Thursday, as price increases helped margins, sending its shares up 4 percent.
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April 18- Nucor Corp reported a fall in quarterly earnings on Thursday, and said that its steel mills had not seen the seasonal increase in prices and volumes that they usually do early in the year. Net earnings for the first quarter dropped to $84.8 million, or 26 cents a share, from $145.1 million, or 46 cents a share, a year earlier.
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*UnitedHealth profit falls, shares drop. *Nokia drops in premarket after earnings. "It just seems like a rudderless ship right now that we've got really two offsetting factors- one clearly slowing, most certainly globally," said Jack Ablin, chief investment officer at BMO Private Bank in Chicago.
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April 18- Blackstone Group LP, the world's largest alternative asset manager, reported a 28 percent rise in first-quarter profit on Thursday as its real estate, private equity, credit and hedge fund units successfully sold assets. This translates into 55 cents per share, a penny above the average forecast of analysts polled by Thomson Reuters.
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April 18- Freeport-McMoRan Copper& Gold Inc's first-quarter profit fell 15 percent, lagging analyst expectations, as higher costs and lower realized copper prices outweighed stronger copper production.