Goldman Sachs is selling about $1.1 billion worth of Hong Kong-traded shares in Industrial and Commercial Bank of China, the world's biggest bank.» Read More
LONDON, Feb 5- British chip designer ARM reported a better-than-expected 16 percent rise in fourth-quarter pretax profit as it rode the wave of soaring sales of smartphones and tablets, nearly all of which contain its technology.
Kyoto, Japan, Feb 5- GS Yuasa Corp, which makes batteries for the Boeing Co Dreamliner, said on Tuesday its earnings would not be impacted by the grounding of the 787 passenger jets, nor did it see any reputational impact on its other lithium-ion batteries. The Kyoto- based company maintained its operating profit forecast of 10 billion yen for the year to end-March.
LONDON, Feb 5- Fourth quarter profits from shrinking British oil company BP Plc beat analysts' expectations on Tuesday thanks in part to a record performance from its refining division, as a trial over its 2010 U.S.
Barclays set aside another 1 billion pounds ($1.6 billion) to compensate customers for mis-selling products, dropping another British banking bombshell as the industry struggles with the scale of redress for past misdemeanors.
LONDON, Feb 5- Fourth quarter profits from shrinking British oil company BP Plc beat analysts expectations on Tuesday thanks in part to a record performance from its refining division as a trial in the U.S. over its 2010 U.S.
RIO DE JANEIRO, Feb 4- Brazil's state-led oil company, Petroleo Brasileiro SA, said on Monday that fourth-quarter net profit rose 53 percent from a year earlier as unexpected financial gains made up for rising operational costs.
Dell moved closer to a nearly $24 billion buyout deal, with price negotiations narrowing to $13.50 to $13.75 a share in what would be the biggest leveraged buyout since the financial crisis.
*China restaurant sales down sharply. *Company warns of further China sales declines. Feb 4- KFC parent Yum Brands Inc warned on Monday that it expects 2013 earnings to shrink rather than grow as it struggles to manage a food safety scare in China, and sees no return to growth in restaurant sales there until the fourth quarter.
*Q4 profit of 90 cents excluding items tops analysts' 77 cents view. Feb 4- Edwards Lifesciences Corp on Monday posted fourth-quarter earnings that beat analyst expectations on strong sales of its replacement heart valve that is implanted in a less-invasive procedure than open-heart surgery.
Feb 4- Baidu Inc, China's largest search engine company, reported its slowest profit growth since 2009, as competition in the sector heats up and more users switch to mobile search. Shares of Baidu were down 6.7 percent at $100.01 in after hours trading on Monday. Baidu had previously warned of a soft fourth quarter as China's economy slows.
As you examine the various EPS metrics this earnings season Cramer said, watch out. It can be deceiving.
Feb 1- Gilead Sciences Inc on Monday reported higher-than- expected quarterly profit and revenue as sales of its flagship HIV drugs beat Wall Street estimates. "They beat handily on the top line and they beat on the bottom line by 2 cents," while suggesting that up to $100 million in sales were due to inventory stock-up, said RBC Capital Markets analyst Michael Yee.
*Net profit rises 53 percent vs year earlier. RIO DE JANEIRO, Feb 4- Brazil's state-led oil company, Petroleo Brasileiro SA, said on Monday that fourth-quarter net profit rose 53 percent from a year earlier after higher fuel prices, lower taxes and financial gains helped make up for rising operational costs.
Feb 4- Anadarko Petroleum Corp on Monday reported a quarterly profit that topped analyst estimates as the company pumped more higher-priced oil from U.S. shale basins and the Gulf of Mexico. Anadarko has active exploration and production programs in places like the Eagle Ford formation in South Texas and offshore in the Gulf of Mexico and Africa.
Feb 4- Safeway Inc, the second-largest U.S. supermarket chain, said Peter Bocian will replace Robert Edwards as its chief financial officer, effective Feb. 19. Bocian joins Safeway from JP Morgan Chase& Co, where he was executive vice-president and head of corporate services and finance.
Feb 4- Baidu Inc, China's largest search engine company, posted a 36 percent rise in profit in the fourth quarter, its slowest growth since 2009 as competition in the sector heats up and more users switch to mobile search. Shares of Baidu were down 85 cents at $106.35 in after hours trading on Monday.
*FedEx: policy gives boards less leeway. *T. Rowe Price executive praises move by ISS. A study of thousands of corporate elections published by the Journal of Finance in 2009 found that a negative recommendation from ISS reduced support for directors by 19 percent.
*Humana profit of $1.19 a share beats Wall St view of $1.06. Feb 4- Health insurer Humana Inc reported a drop in fourth-quarter profits on Monday and said it was experiencing the worst flu season in a decade that would cost $75 million for added healthcare services such as hospitalizations.
Jamie Dimon explains to a Citi analyst that Volcker, derivatives reforms and higher capital rules make it tougher for smaller players to compete with the megabanks.
Feb 4- Clorox Co posted higher quarterly profit, as a severe flu season boosted sales of disinfecting wipes, and as sales were also helped by a new concentrated version of its namesake bleach.