Finance
featured
John Rogers, President and CEO of CFA talks the importance of creating a professional standard in the financial industry.
» Read More
More
-
Feb 27- Target Corp posted lower quarterly profit on Wednesday, as sales of food and value-priced items only partially mitigated some weakness it saw when holiday shoppers held back from discretionary spending in an uncertain economy.
-
Feb 27- Fortress Investment Group LLC's profit rose significantly in the fourth quarter as many of its funds recorded gains that helped to boost incentive income as well as management fees.
-
SINGAPORE, Feb 27- Singapore's United Overseas Bank reported a 25 percent jump in fourth-quarter net profit, lifted by strong fee and commission income. UOB, the smallest of Singapore's three banking groups, posted net profit of S $696 million for the three months ended in December, up from S $558 million a year earlier.
-
PARIS, Feb 27- Airbus parent EADS predicted higher profit this year on the heels of stronger than expected 2012 earnings and a clampdown on costs, with the development of its A350 jet remaining the biggest wild card in its bid to match rival Boeing.
-
*Biggest shareholder is Johnson& Johnson. NEW YORK, Feb 26- New York- based investment firm Royalty Pharma does not want to take "no" for an answer to its $6.6 billion offer for Irish drugmaker Elan Corp.. Elan's biggest shareholder is Johnson& Johnson with an 18 percent stake.
-
"A short-selling ban would signal that they're really starting to panic. As a result it's probably going to have unintended consequences," one pro said.
-
The FDIC said the industry's full-year earnings were the second-highest on record at $141.3 billion, an increase over 2011 of $22.9 billion, or 19.3 percent. "While there is still room for further income growth, we don't expect the pace of earnings growth to continue at these levels," FDIC Chairman Martin Gruenberg said.
-
Feb 26- Tenet Healthcare Corp on Tuesday reported a fourth-quarter profit versus a year-ago loss as outpatient hospital visits increased and said it sees health reform next year will have a positive impact on earnings. "We see a lot of upside in our markets," Tenet Chief Executive Trevor Fetter said on a conference call.
-
*Spain no nearer seeking ECB help- Spanish finance minister. MADRID, Feb 26- Spain is no closer to seeking bond-buying help from the European Central Bank than it was before Italy's election, which has triggered renewed market turmoil, Economy Minister Luis de Guindos said on Tuesday.
-
Feb 26- MetroPCS Communications Inc reported a 65 percent fall in quarterly net profit and revenue growth slowed for an eighth straight quarter as the U.S. wireless service provider prepared for its planned merger with Deutsche Telekom AG unit T-Mobile USA. MetroPCS is still seeking regulatory as well as shareholder approval for the merger.
-
*Q4 profit of 45 cents/ shr vs year-ago loss of 70 cents/ shr. Feb 26- Tenet Healthcare Corp on Tuesday reported a profit for the fourth quarter versus a year-earlier loss as outpatient visits to its hospitals rose.
-
Feb 26- Saks Inc reported a lower fourth-quarter profit on Tuesday, with sales during the holiday season hit by Hurricane Sandy and the quarter having one less week than in the prior year. Saks reported a profit of $20.4 million, or 13 cents per share, for the quarter ended Feb. 2, versus a year-earlier profit of $40 million, or 21 cents per share.
-
Feb 26- Tenet Healthcare Corp reported a fourth-quarter profit on Tuesday, compared with a year-earlier loss, helped by increased outpatient visits to its hospitals.
-
Feb 26- Bank of Montreal's quarterly profit eased 5.4 percent on lower loan recoveries at its U.S. retail bank, but core profits beat expectations and the company raised its quarterly dividend by 2.8 percent. Midwest, said on Tuesday it earned C $1.05 billion, or C $1.53 a share, in the fiscal first quarter ended Jan. 31.
-
Feb 26- Home Depot Inc reported a higher quarterly profit, aided by improvements in the U.S. housing market and sales tied to Hurricane Sandy, helping the world's No. 1 home improvement chain outshine rival Lowe's Cos Inc for the 15th straight quarter.
-
Feb 25- Dendreon Corp reported a smaller-than-expected quarterly loss versus a year-ago profit on Monday as revenue fell and restructuring costs weighed on the biotechnology company. In the fourth quarter, the maker of cancer treatments had a loss of $38.7 million, or 26 cents per share, compared with a year-ago profit of $38.1 million, or 26 cents per share.
-
*Germany, Finland, others want banks to share cost of bailout. BRUSSELS/ NICOSIA, Feb 25- European policymakers are split over how to handle a bailout of Cyprus, with Germany and some other countries pushing for bank depositors to bear part of the cost and many other member states worried such a move will cause a bank run.
-
Feb 25- Dendreon Corp reported a quarterly loss versus a year-ago profit on Monday as revenue fell and restructuring costs weighed on the biotechnology company. The fourth-quarter loss was $38.7 million, or 26 cents per share, compared with a profit of $38.1 million, or 26 cents per share. Excluding items, the loss was 26 cents per share.
-
Feb 25- Human resources software company SilkRoad has selected JPMorgan Chase& Co and Piper Jaffray Cos to lead an initial public offering later this year, according to two sources with knowledge of the matter. Last year, IPOs from cloud-based companies besides Workday included ServiceNow Inc, Demandware Inc and Guidewire Software Inc..
-
Feb 25- Lowe's Cos Inc's quarterly profit beat analysts' estimates as rebuilding efforts following Hurricane Sandy and the retailer's own product selection improvements helped sales.