Jon Steinberg, BuzzFeed, provides a preview of tech earnings and explains why Apple shares are flat.
*Results from Netflix expected after the market close. *The S&P 500 had its best week since July last week, boosted by strong results from such names as General Electric Co and Morgan Stanley. However, thus far the earnings season has been mixed, with technology names like Google Inc and IBM struggling to impress investors.
April 21- Toymaker Hasbro Inc reported a better-than-expected quarterly profit, helped by strong demand for its toys for girls. Hasbro's first-quarter revenue rose 2 percent to $679.5 million, falling short of the average analyst estimate of $690.17 million.
April 21- Oilfield services company Halliburton Co reported a profit for the first quarter, compared with a loss a year earlier when it booked a pre-tax charge of $1 billion related to the Gulf of Mexico spill.
April 21- Toymaker Hasbro Inc reported a quarterly profit, compared with a year-earlier loss, helped by strong demand for its toys for girls. The company's first-quarter revenue rose 2 percent to $679.5 million. Net income was $32.1 million, or 24 cents per share, in the quarter ended March 30, compared with a net loss of $6.7 million, or 5 cents per share, a year earlier.
Kelvin Tay, MD & Regional CIO for Southern APAC at UBS Wealth Management, expects U.S. firms to report 8 percent growth for 2014, but warns of risks from the recent winter freeze.
Hans Goetti, Head of Investment Asia at Banque Internationale a Luxembourg, says low expectations for U.S. earnings could result in better-than-expected results.
Michael Gayed, Chief Investment Strategist at Pension Partners, says markets will be looking at the revenue potential of U.S. firms, instead of earnings growth.
DUBAI, April 20- Saudi Arabia's Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, reported a 14.8 percent increase in first-quarter net profit on Sunday, citing higher income from investments.
DUBAI, April 20- Saudi Basic Industries Corp reported a dip in its quarterly earnings on Sunday as its chief executive said a shortage of natural gas was limiting its domestic growth, making expansion abroad vital.
April 17- A year ago, soon after Morgan Stanley posted disappointing quarterly earnings, Chairman and Chief Executive Officer James Gorman told board members the bank was on the right track and investors who sold shares had made a mistake. Morgan Stanley posted a 55 percent gain in first-quarter profit.
*Google, IBM shares fall a day after posting earnings. NEW YORK, April 17- U.S. stocks ended a holiday-shortened week with mostly modest gains on Thursday, though the S&P 500 notched its biggest weekly advance since July as Morgan Stanley and General Electric rallied after strong results.
CNBC's Tyler Mathisen looks ahead to what are likely to be the week's top business and financial stories. Starbucks and Netflix earnings may have been helped by the bad winter. Also, the Boston Marathon kicks off Monday, and 36,000 runners will participate.
NEW YORK, April 17- BlackRock Inc, the world's largest money manager, said on Thursday first-quarter profit rose 20 percent, boosted by strong performance fees and strength in its retail business as investors poured money into long-term funds.
NEW YORK, April 17- Blackstone Group LP, the world's largest alternative asset manager, reported a 30 percent rise in first-quarter earnings, driven by strong gains in its private equity arm that more than offset small declines in its real estate unit.
NEW YORK, April 17- Morgan Stanley's big bet on wealth management is looking strong as fees, commissions and interest collected by its more than 16,000 brokers fueled a 13 percent rise in the business's first-quarter net income from a year earlier to $423 million, the company said Thursday.
*Google, IBM shares fall a day after posting earnings. NEW YORK, April 17- U.S. stocks advanced slightly in choppy trading on Thursday after three days of gains, as underwhelming results from tech bellwethers Google and IBM were offset by upbeat quarterly numbers, including those from Morgan Stanley and General Electric.
Gold in particular has fallen from more than $1,500 an ounce in early 2013 to briefly below $1,200 at the start of this year. "We're not expecting miraculous numbers," said Elvis Picardo, strategist and vice president of research at Global Securities in Vancouver.
NEW YORK, April 17- The Federal Reserve logged $84 billion in net profit last year on its massive portfolio of assets, and average income will probably remain higher than before the financial crisis for another decade to come, according to an annual report.
NEW YORK, April 17- BlackRock Inc, the world's largest money manager, said on Thursday its first-quarter profit rose 20 percent, boosted by strong performance fees and strength in its retail business as investors poured money into long-term funds.