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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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SEOUL, Jan 24- LG Display Co Ltd reported a second consecutive quarterly operating profit on Thursday, helped by a rebound in television sales during the year-end holiday season and solid sales of its screens used in Apple Inc's iPad and iPhone.
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*Hyundai gains in China as Japanese rivals struggle. SEOUL, Jan 24- Hyundai Motor Co posted a surprise quarterly profit decline after a stronger local currency and the cost of compensating drivers in North America for overstated fuel-economy claims dented car sales.
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SEOUL, Jan 24- South Korea's Hyundai Motor posted a surprise 5.5 percent fall in quarterly net profit, missing forecasts, as record car sales were dented by the impact of a stronger local currency and the cost of compensating drivers in North America for overstated fuel-economy claims.
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*Netflix had warned of a Q4 loss. Jan 23- Netflix Inc surprised Wall Street on Wednesday with a quarterly profit after the video subscription service added nearly 4 million customers in the United States and abroad, sending its shares 35 percent higher in after-hours trading.
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SINGAPORE, Jan 24- Budget carrier Tiger Airways Holdings Ltd, one-third owned by Singapore Airlines Ltd, reported a third-quarter net profit of S $2 million, the first time in seven quarters it made money.
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*Profit ex-items of $1.14/ shr tops estimates by 2 cts. *Continues to see 2013 earnings of $4.25 to $4.40 a share. Jan 23- U.S. orthopedic implant maker Stryker Corp on Wednesday reported fourth-quarter earnings excluding charges that exceeded analyst estimates as sales of its hip, knee and spine products improved.
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Chinese investment banks are carrying out their biggest layoffs and bonus cuts since the financial crisis as they brace for further profit declines, hit by an ongoing drought in initial public offerings in China that started in September.
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Jan 23- Netflix Inc surprised Wall Street on Wednesday with a quarterly profit after the video subscription service added nearly 4 million customers in the United States and abroad, sending its shares 34 percent higher. Netflix beat that guidance by reporting $8 million in net income for the fourth quarter, or 13 cents per share.
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*Sees 2013 adjusted EPS $6.85- $7.15, revs $17.8- $18.2 bln. Jan 23- Amgen Inc on Wednesday forecast revenue for 2013 that exceeds Wall Street estimates and reported fourth-quarter profit that also topped expectations.
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Like other memory chipmakers, SanDisk has been hurt in recent quarters by a drop in prices for NAND flash chips used in smartphones, cameras, storage drives and tablets to store data such as movies and photos. In its earnings report on Wednesday, SanDisk said its growing solid-state drive business accounted for 10 percent of fourth-quarter revenue.
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*U.S. stocks advance, techs up; Apple results due after close. IBM up on earnings, outlook; S&P 500, Dow industrials at 5- yr highs. After the market closed, Apple Inc, the world's largest technology company, reported quarterly revenue that slightly missed Wall Street expectations as sales of its flagship iPhone came in below target.
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*Continues to see 2013 earnings of $4.25 to $4.40 a share. Including costs for a previously disclosed recall of hip products, profit fell almost one-third to $270 million, or 71 cents a share, from $401 million, or $1.05 a share, the year before. The Kalamazoo, Michigan- based company said it continues to expect full-year 2013 earnings of $4.25 to $4.40 per share.
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Jan 23- Video subscription service Netflix Inc reported a quarterly profit as the company added subscribers in the United States and abroad, sending its shares 27 percent higher. Netflix had warned Wall Street it expected a loss for the quarter. Shares of the company surged 27 percent after Netflix released its results, reaching $131.60 in after-hours trading.
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*Google, IBM climb on strong results. NEW YORK, Jan 23- The S&P 500 extended its winning streak to six days on Wednesday after stronger-than-expected profits from IBM and Google alleviated investor concerns about the technology sector.
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Jan 23- Video subscription service Netflix Inc reported a quarterly profit as the company added subscribers in the United States and abroad. The company reported on Wednesday $8 million in net income from October through December, or 13 cents per share. Netflix had earlier warned Wall Street that it expected a loss for the fourth quarter.
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Morgan Stanley is under fire for selling a mortgage related security that employees joked might be named 'nuclear holocaust.' Do we really want to force investment banks to adopt financial paternalism?
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Chinese investment banks are carrying out their biggest layoffs and bonus cuts since the financial crisis as they brace for further profit declines, hit by an ongoing drought in initial public offerings in China that started in September.
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*Google, IBM climb on strong earnings. NEW YORK, Jan 23- U.S. stocks advanced on Wednesday, with the S&P 500 inching up for a sixth day in a row, as stronger-than-expected profits at IBM and Google helped alleviate investor concerns about the tech sector.
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Jan 23- US Airways Group Inc said on Wednesday that fourth-quarter profit more than doubled as higher revenue offset cost increases. The carrier, which has been in talks with bankrupt AMR Corp's American Airlines for months about a possible merger, said improved on-time arrivals and baggage handling helped drive traffic and revenue.
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Jan 23- McDonald's Corp reported an unexpected rise in sales in December at established U.S. restaurants, helping to lift its fourth-quarter profit above analysts' estimates. McDonald's shares rose to $93.55 in premarket trading, up from Tuesday's New York Stock Exchange close of $92.95.