Stocks Rebound to Close Modestly Lower; HP Surges 17%
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April 18- Blackstone Group LP, the world's largest alternative asset manager, reported on Thursday a 28 percent rise in profit in the first quarter of 2013, as its private equity, real estate, credit and hedge fund units successfully sold assets.
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UnitedHealth Group said on Thursday that its first-quarter profit had fallen, in part because of lower U.S. government payments for its private Medicare services and prescription plans for older Americans.
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April 18- Verizon Communications Inc posted a higher than expected quarterly profit driven by strength in its wireless business, sending its shares up 2 percent in early trade.
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*First-qtr profit $958 bln vs loss $119 mln a year earlier. April 18- Morgan Stanley reported a stronger-than-expected first-quarter profit of $958 million, compared with a year-earlier loss of $119 million, as its wealth management business grew.
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April 18- Morgan Stanley said on Thursday it saw lower revenue from commodities trading in the first quarter from a year before, as its risk in trading in those markets also fell. "Fixed Income& Commodities sales and trading net revenues were $1.5 billion compared with $2.6 billion a year ago reflecting declines in commodities and rates," the Wall Street bank said.
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April 18- Baxter International Inc on Thursday said its quarterly net earnings fell slightly, as expected, on acquisition-related costs. First-quarter net earnings were $552 million, or $1.00 per share, in the first quarter, compared with $588 million, or $1.04 per share, in the year-earlier period.
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April 18- PepsiCo Inc reported better-than-expected quarterly earnings on Thursday, as price increases helped margins and the company stood by its full-year forecast.
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April 18- Morgan Stanley reported a first-quarter profit of $958 million, compared with a year-earlier loss of $119 million, driven by strong growth in its institutional securities business.
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LJUBLJANA, April 18- Slovenia, which is struggling to avoid an international bailout, has mandated three foreign banks to explore funding opportunities, the euro zone member's finance ministry said on Thursday.
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Net earnings were $552 million, or $1.00 per share, in the first quarter, compared with $588 million, or $1.04 per share, in the year-earlier period.
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DETROIT, April 18- AutoNation Inc, the largest U.S. auto dealer group, on Thursday posted a stronger-than-expected quarterly profit on increased demand for both new and used cars. Net income in the first quarter increased about 14 percent to $83 million, or 67 cents a share, compared with $73 million, or 55 cents a share, in the year-earlier quarter.
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HELSINKI, April 18- Analysts' reactions to Finnish mobile phone maker Nokia's Q1 results. "They are on a right track and we can see a much better year for Nokia smartphones. "I think when Nokia gets to over 10 million of Windows phone 8... volume that will keep Nokia in the game."
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HELSINKI, April 18- Analysts' reaction to Finnish mobile phone maker Nokia's Q1 results. MIKAEL RAUTANEN, ANALYST AT INDERES EQUITY RESEARCH. "The group result was a bit better than expected, but the outlook for the second quarter was more important this time, and that was a bit of a disappointment.
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April 18- UnitedHealth Group Inc, the largest U.S. health insurer, said on Thursday that its first-quarter profit had fallen, in part because of lower government payments for its private Medicare services and prescription plans for older Americans.
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NEW YORK, April 17- Proxy advisory firm ISS said on Wednesday that MetroPCS Communications Inc shareholders should vote in favor of the wireless service provider's merger with T-Mobile USA because the proposed terms of the deal were sweetened.
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*1st- qtr earnings per share $1.15 vs estimates $1.12. April 17- Credit card company American Express Co's quarterly revenue came in below analysts' expectations as cardmember spending growth remained muted. However, American Express's billed business was up 6 percent at $224.5 billion and total cards in force crossed 100 million during the quarter.
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SAN FRANCISCO, April 17- U.S. memory chipmaker SanDisk on Wednesday posted quarterly results above expectations, helped by growing sales of solid-state drives. SanDisk's revenue rose 11 percent year-over-year to $1.34 billion in the January-March quarter.
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April 17- Procter& Gamble Co is increasing the time it takes to pay for supplies and offering financing to help mitigate the impact a longer payment cycle could have on small and midsize businesses, the household products maker told suppliers earlier this month.
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*Cyprus parliament to vote on bailout- attorney general. NICOSIA, April 17- A 10 billion euro aid deal to save Cyprus from bankruptcy has been thrown into fresh uncertainty with news that the country's fractious parliament will vote on the final package.
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April 17- Medical device maker St. Jude Medical Inc said on Wednesday first-quarter profit rose as lower expenses outweighed a decline in sales but warned that full-year revenue will be hurt by foreign exchange effects.