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  • Jan 23- General Electric Co reported a 9 percent rise in quarterly industrial profit on Friday as its businesses that sell power-generating turbines and jet engines helped offset weak sales in its oil and gas unit. "It's going to be an albatross... as long as energy prices stay low," said Tim Ghriskey, chief investment officer of Solaris Asset Management.

  • *UPS shares fall after outlook, Starbucks up on results. NEW YORK, Jan 23- U.S. stocks fell modestly on Friday, pressured by some disappointing results from major multinational companies which offset optimism triggered by the European Central Bank's recent decision to buy bonds and boost euro zone growth. United Parcel Service Inc gave a fourth-quarter...

  • NEW YORK— A batch of mixed earnings reports Friday helped push the stock market to its first day of losses this week. Shares of tissue and diaper maker Kimberly-Clark dropped after the company's earnings fell short of expectations and it gave a disappointing outlook. "Our view is that the market is poised to have a reset to reflect what we think is a lower growth...

  • BOSTON, Jan 22- Janus Capital Group Inc's new star bond fund manager also turns out to be one of the fund firm's top investors. Shares of the Denver company rose 11 percent on Thursday after fourth-quarter earnings came in above expectations with the help of new hire Bill Gross, even as it acknowledged that half the money in his fund came from Gross himself.

  • FRANKFURT/ LONDON, Jan 22- Irish cement maker CRH and a consortium led by Blackstone are battling for assets which Lafarge and Holcim must sell ahead of their planned merger, several people familiar with the matter said. France's Lafarge and Swiss peer Holcim announced merger plans last year, hoping to cut costs and tackle overcapacity and weak demand.

  • BOSTON, Jan 22- Warning to mutual fund investors: the tax man is coming. U.S. investors in stock funds will take a big tax hit this year on capital gains that could top $300 billion after portfolio managers exhausted most of their loss reserves to offset several years of stock market advances. It's what you keep, " Boston- based Eaton Vance, which has nearly $300 billion...

  • Janus profit up after Gross helps bring inflows Thursday, 22 Jan 2015 | 11:30 AM ET
    Bill Gross during CNBC interview

    Denver asset manager Janus Capital Group said fourth-quarter profit rose 22 percent after hiring of star bond fund manager Bill Gross.

  • NEW YORK— Royal Bank of Canada plans to boost its services for wealthy clients by paying about $5.4 billion in cash and stock to buy U.S.-based City National. City National is a Los Angeles wealth management company and lender that serves high net worth individuals and businesses. City National said it has $32.6 billion in assets and manages or administers...

  • BOSTON, Jan 22- Asset manager Janus Capital Group said on Thursday that fourth-quarter profit rose 22 percent after its hiring of star bond fund manager Bill Gross helped it reach its first quarter of net deposits since 2009.. Denver- based Janus reported net income of $46.7 million, or 24 cents per share, compared with $38.3 million, or 21 cents per share, a year...

  • BOSTON, Jan 22- Denver asset manager Janus Capital Group said fourth-quarter profit rose 22 percent after its hiring of star bond fund manager Bill Gross helped it reach its first quarter of net deposits since 2009.. Janus on Thursday reported net income of $46.7 million, or 24 cents per share, compared with $38.3 million, or 21 cents per share, a year earlier.

  • European shares pause for breath before ECB decision Thursday, 22 Jan 2015 | 6:44 AM ET

    PARIS/ LONDON, Jan 22- European shares paused on Thursday after a sharp five-day rally as investors waited to see the size and shape of a bond-buying programme the European Central Bank is expected to unveil later. Euro zone banks have been among the top gainers ahead of today's ECB meeting, with Societe Generale, UniCredit and Mediobanca all up about 11 percent in...

  • BOSTON, Jan 22- Warning to mutual fund investors: the tax man is coming. U.S. investors in stock funds will take a big tax hit this year on capital gains that could top $300 billion after portfolio managers exhausted most of their loss reserves to offset several years of stock market advances. It's what you keep, " Boston- based Eaton Vance, which has nearly $300 billion...

  • UPDATE 1-Raymond James revenue slips from prior quarter Wednesday, 21 Jan 2015 | 5:51 PM ET

    NEW YORK, Jan 21- Brokerage and investment bank Raymond James Financial Inc said on Wednesday its fiscal first-quarter revenues totaled $1.25 billion, a 6 percent rise over last year, but a 3 percent drop from the record high revenue posted in the prior quarter. The St. Petersburg, Florida- based company reported net income of $126.3 million, or 87 cents per share, for...

  • Uber raises $1.6 billion in financing from Goldman Sachs Wednesday, 21 Jan 2015 | 5:32 PM ET

    NEW YORK— Popular ride-hailing app Uber has raised $1.6 billion in a deal with Goldman Sachs wealth management clients. Goldman Sachs spokeswoman Andrea Raphael says the financing comes in the form of a bond that can later be converted into stock when Uber goes public. That puts it in the ballpark of public companies such as DirecTV and Kraft Foods.

  • Raymond James fiscal 1st-qtr revenues up 6 pct Wednesday, 21 Jan 2015 | 4:46 PM ET

    NEW YORK, Jan 21- Brokerage and investment bank Raymond James Financial Inc said on Wednesday its fiscal first-quarter revenues totaled $1.25 billion, up 6 percent from last year, but down 3 percent from the previous quarter due to a seasonal slowdown. The St. Petersburg, Florida- based company reported net income of $126.3 million, or 87 cents per share, for the...

  • Uber to raise $1.6 billion in convertible debt-source Wednesday, 21 Jan 2015 | 4:02 PM ET

    Jan 21- Online ride-sharing company Uber Technologies Inc has raised $1.6 billion in convertible debt from wealth management clients of Goldman Sachs Group Inc, a person familiar with the matter told Reuters. The U.S. car service, which allows people to summon rides at the touch of a button, plans to use the money to build its presence in international markets,...

  • Jan 21- TD Ameritrade Holding Corp's quarterly profit rose 9.9 percent from a year earlier on strong trading by clients and fees from new money they deposited into their brokerage accounts. Low interest rates are pressuring money that TD Ameritrade and other discount brokers reap by investing cash held in client accounts. TD Ameritrade's net interest margin,...

  • Northern Trust beats Street 4Q forecasts Wednesday, 21 Jan 2015 | 7:45 AM ET

    CHICAGO— Northern Trust Corp. shares jumped Wednesday after the wealth management firm reported a much better-than-expected fourth-quarter profit. Analysts surveyed by Zacks Investment Research were anticipating earnings of 81 cents per share. Northern Trust posted revenue of $1.13 billion in the period, also topping forecasts.

  • TD Ameritrade 1Q profit up 10 percent on stronger trading Wednesday, 21 Jan 2015 | 7:36 AM ET

    OMAHA, Neb.— Online brokerage TD Ameritrade Holding Corp. said Wednesday that its fiscal first-quarter profit rose 10 percent as trading revenue and asset-based fees both grew. The Omaha, Nebraska- based company said it earned $211 million, or 39 cents per share, in the quarter that ended Dec. 31. That's up from $192 million net income, or 35 cents per share, a year ago.

  • By Denny Thomas HONG KONG, Jan 21- Investment banking fees surged to a seven-year high of $90.1 billion in 2014, driven by deals in North Asia and Southern Europe, with the huge North American market offering ballast in a sector increasingly expected to see some wobbles this year. Fees for deals done in North Asia leapt 28 percent to $7.4 billion while Southern...