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John Rogers, President and CEO of CFA talks the importance of creating a professional standard in the financial industry.
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Jan 30- Skyworks Solutions Inc posted better-than-expected quarterly results on higher demand for its chips used to connect cellphones to the network. Net income for the Apple Inc supplier rose to $66.5 million, or 34 cents per share, in the first quarter, from $57.1 million, or 30 cents per share, a year earlier. Excluding items, the company earned 55 cents per share.
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NEW YORK, Jan 30- Qualcomm Inc beat Wall Street expectations for its fiscal first-quarter earnings and raised its financial targets for 2013 due to growing demand for smartphones and high-speed wireless services.
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*Profit of 44 cents per share exceeds Wall Street view by 1 cent. Jan 30- Home security services company ADT Corp, formerly a part of Tyco, reported a higher quarterly profit on Wednesday. The company said net earnings had risen 12.9 percent to $105 million, or 44 cents per share, in the first quarter ended on Dec. 28 from $93 million, or 39 cents per share, a year earlier.
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Jan 30- Oil refiners Phillips 66 and Marathon Petroleum Corp reported quarterly earnings that raced past Wall Street estimates as they processed more of the cheaper crude from North American shale fields, lifting their refining margins. Phillips 66' s shares rose 5 percent to $62.75 in early trade on Wednesday, while those of Marathon were up 1 percent at $72.92.
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*Adjusted profit $1.23/ share vs $1.27 Wall Street view. Jan 30- Rockwell Automation Inc reported a steeper-than-expected 12 percent drop in quarterly profit on weak demand, particularly in China, for its systems that help factories run more smoothly.
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A bankruptcy court will soon review a proposal that would return 93 percent of MF Global's missing money, and another proposal could plug the remaining shortfall for U.S. customers, sources said. The NYT reports.
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NICOSIA, Jan 30- Debt-hobbled Cyprus limped closer to an international financial bailout on Wednesday, saying it had won Russian assurances that Moscow would join in international efforts to salvage the island's finances. Cyprus, shut out of financial markets for almost two years, got a 2.5 billion euro bilateral loan from Moscow in late 2011..
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*Northrop forecasts lower sales, profit in 2013. *4th- qtr operating profit $2.14/ shr vs Street view $1.74.
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*Ally, the former GMAC, owes taxpayers $14.6 billion. Treasury needs to develop a concrete plan for exiting its 74 percent stake in auto financing company Ally Financial Inc, the second-largest remaining recipient of federal bailout dollars, an internal watchdog said in a report released Wednesday.
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NEW YORK, Jan 30- Boeing Co reported profit dipped in the fourth quarter from a year earlier, and said its 2013 forecast "assumes no significant financial impact" from the grounding of its 787 Dreamliner passenger jet by regulators.
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*Q4 EPS rose to $2.14 from $2.09 year earlier. Fourth-quarter earnings from continuing operations rose to $2.14 per diluted share from $2.09 a year earlier, far exceeding analyst forecasts.
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Jan 30- Rockwell Automation Inc reported a steeper-than-expected 12 percent drop in quarterly profit on a weak demand for its systems that are used to help factories run more smoothly. The company said on Wednesday that fiscal first-quarter earnings fell to $161.4 million, or $1.14 per share, from $183.3 million, or $1.27 per share, a year earlier.
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The company said on Wednesday that fiscal first-quarter earnings came to $161.4 million, or $1.14 per share, compared with $183.3 million, or $1.27 per share, a year earlier.
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Jan 30- Home security services company ADT Corp reported a higher quarterly profit on Wednesday and announced a $600 million accelerated share repurchase. The company, formerly a part of Tyco, said net earnings had risen 12.9 percent to $105 million, or 44 cents per share, from $93 million, or 39 cents per share, a year earlier.
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Jan 30- Home security services company ADT Corp reported a higher quarterly profit on Wednesday and announced a $600 million accelerated share repurchase. The company, formerly a part of Tyco, reported net earnings of $105 million, or 44 cents per share, for the first quarter ended Dec. 28, from 39 cents per share a year earlier.
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DUBAI, Jan 30- Kingdom Holding Co, the international investment firm of Saudi billionaire Prince Alwaleed bin Talal, has formed a sharia board of prominent scholars in order to raise more of its funding through Islamic finance. Elgari serves on several sharia boards including the Islamic arms of HSBC and Standard Chartered Bank.
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*Pretax profit 6.6 bln SEK vs consensus 6.8 bln. STOCKHOLM, Jan 30- Hennes& Mauritz, the world's No.2 fashion retailer, posted an unexpected drop in quarterly earnings, hit by competition in tough European markets and the cost of its expansion drive to take on bigger rival Inditex.
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HONG KONG, Jan 30- China's Lenovo Group Ltd, on track to become the world's top maker of personal computers, reported a record quarterly profit, up by a third from a year earlier, as it gained more share in the PC market and made inroads in the smartphone business.
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TOKYO, Jan 30- Japan's Canon Inc posted a 17.9 percent drop in quarterly operating profit on Wednesday, hurt by a strong yen and weaker demand for compact cameras as consumers switched to smartphones.
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*Q4 operating profit 107 bln won vs 151 bln won forecast. SEOUL, Jan 30- LG Electronics Inc fell short of consensus forecasts in quarterly earnings on Wednesday, with profits in its TV division tumbling to around one tenth of year-earlier levels as the world's No.2 TV maker bumped up promotional spending in the year-end holiday season.