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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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Feb 5- Michael Dell once gave up day-to-day control of the computer company that bears his name- an experiment that went poorly and ended relatively quickly. Dell Inc will go private in a $24.4 billion deal led by Michael Dell and including capital from private equity firm Silver Lake and a loan from Microsoft Corp, the parties said on Tuesday.
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*$750 million settlement is subject of dispute with creditors. *4th- qtr profit of $1.4 bln vs loss of $206 mln year earlier.
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CHICAGO, Feb 5- Archer Daniels Midland Co on Tuesday reported a six-fold increase in quarterly profits as strong demand for oilseeds helped the agricultural giant shake off the drag of a historic U.S. drought.
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*Fiscal 2013 forecast tightened to $3.42- $3.50 a share. Net earnings in the second quarter ended Dec. 31 rose to $303 million, or 88 cents a share, from $262 million, or 75 cents a share, a year earlier, the company said on Tuesday.
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Feb 5- Estée Lauder Cos Inc reported a higher quarterly profit on Tuesday and raised its full-year profit forecast while standing by its forecast for sales growth, pointing to strong demand in the United States and China that is counteracting weak markets like Southern Europe and South Korea.
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Feb 5- Allergan Inc, maker of the Botox anti-wrinkle treatment, said its fourth quarter earnings rose, helped by sales of Botox for the recently approved use of treating migraine headaches. Excluding special items, Allergan said it earned $1.15 per share in the fourth quarter.
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*Microsoft putting up $2 billion loan. Feb 5- Computer maker Dell Inc will go private in a $24.4 billion deal that also involves Microsoft Corp and private equity firm Silver Lake, the parties said on Tuesday.
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CHICAGO, Feb 5- Archer Daniels Midland Co reported higher quarterly profit on Tuesday as strong demand for oilseeds helped the agricultural giant shake off the impact of a historic U.S. drought. Shares rose before the market opened as its results topped Wall Street estimates.
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Feb 5- Allergan Inc, maker of the Botox anti-wrinkle treatment, reported quarterly earnings below Wall Street forecasts, but projected better-than expected earnings for full-year 2013.. The company on Tuesday said it earned $324 million, or $1.06 per share, in the fourth quarter. That compared with $280 million, or 90 cents per share, in the year-earlier period.
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Feb 5- MasterCard Inc doubled its quarterly cash dividend and said it would buy back up to $2 billion of its Class A shares, days after the card payment network reported strong fourth- quarter results helped by its performance in emerging markets. MasterCard shares were up 1.4 percent before the bell.
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Feb 5- HCA Holdings Inc, the largest U.S. for-profit hospital operator, reported lower fourth-quarter net earnings, reduced by costs to settle legal claims. Net income fell to $314 million, or 68 cents per share, compared with $1.94 billion, or $4.25 a share, a year earlier, when one-time gains from facilities sales and an investment boosted earnings.
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Feb 5- Estée Lauder Cos Inc reported higher quarterly sales and earnings on Tuesday and affirmed its full-year forecast for sales growth, pointing to strong U.S. and China demand that is counteracting weak markets like Southern Europe and South Korea.
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Feb 5- U.S. manufacturer Eaton Corp said fourth-quarter net profit fell more than Wall Street expected, reflecting lower demand for its electrical and hydraulic systems used in cars, trucks and aircraft. The company said on Tuesday that earnings dropped to $179 million, or 46 cents per share, from $362 million, or $1.07 per share, a year earlier.
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Feb 5- MasterCard Inc doubled its quarterly cash dividend to 60 cents per share and said it would buy back up to $2 billion of its Class A shares. The new buyback program will become effective after the company completes its previously announced $1.5 billion repurchase program.
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Feb 5- Becton Dickinson and Co reported higher-than-expected quarterly earnings on Tuesday, boosted by an early flu season, and the medical device and instrument company raised its outlook for the full year. Net earnings were $625.4 million, or $3.13 per share, in the first quarter ended Dec. 31, compared with $263.0 million, or $1.21 per share, a year earlier.
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*Fiscal 2013 forecast tightened to $3.42- $3.50 a share. Net earnings in the second quarter ended Dec. 31 rose to $303 million, or 88 cents a share, from $262 million, or 75 cents a share, a year earlier, the company said on Tuesday.
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Feb 5- Estée Lauder Cos Inc reported higher quarterly sales and profit on Tuesday and reaffirmed its full-year forecast for sales growth, pointing to strong U.S. demand, which is helping counteract weak markets like Southern Europe and South Korea.
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CHICAGO, Feb 5- Agribusiness giant Archer Daniels Midland Co reported higher quarterly earnings on Tuesday, boosted by strong global demand for oilseeds. ADM, one of the world's top grain traders, posted net earnings of $510 million, or 77 cents per share, in the second quarter ended Dec. 31, up from $80 million, or 12 cents per share, in the same period a year earlier.
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*4th- qtr earnings $1.12 per share vs $1.36 year earlier. Feb 5- Diamond Offshore Drilling Inc, the world's fourth-biggest offshore driller by market value, reported a stronger-than-expected quarterly profit as contract drilling expenses fell.
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*BP, ARM rise on Q4 profits beats. LONDON, Feb 5- European stock markets staged a tentative recovery on Tuesday after a sharp sell-off a day earlier as investors waded through a stack of earnings reports, with ARM and BP both enjoying strong gains.