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Earnings Announcements

  • Berkshire Hathaway posts record profit in 2013 Saturday, 1 Mar 2014 | 8:25 AM ET

    NEW YORK, March 1- Warren Buffett's conglomerate Berkshire Hathaway posted a record profit in 2013, jumping 31 percent over the previous year, the company said in its annual report, released on Saturday. Net income rose to $4.99 billion in the fourth quarter, or $3,035 per Class A share, from $4.55 billion, or $2,757 per share, a year earlier.

  • Feb 28- Blackstone Group LP Chief Executive Stephen Schwarzman's earnings from dividends and pay soared by 75 percent to $374.5 million in 2013, underpinning his firm's strong profits in real estate, private equity, credit and hedge funds, the company's annual report showed on Friday.

  • The Week Ahead: Jobs report out Friday     Friday, 28 Feb 2014 | 3:06 PM ET

    CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories.

  • Feb 28- NII Holdings Inc, which provides telecom services under the Nextel brand in Latin America, lost more than half its market value after the company reported a 22 percent drop in quarterly revenue and forecast slower user growth in Mexico. NII reported a net loss of 390,000 subscribers in Mexico, its second biggest market, in the fourth quarter ended Dec. 31.

  • Feb 28- Citigroup Inc said on Friday it has discovered fraud in its Mexico subsidiary and is reducing its previously reported 2013 net income by $235 million. The announcement comes after Citigroup shares have fallen in recent weeks on concerns that slowing growth in emerging markets may reveal bad loans, as well as increase the risk of trading losses.

  • Feb 28- Citigroup Inc said on Friday it has discovered fraud in its Mexico subsidiary and is reducing its previously reported 2013 net income by $235 million.

  • Early movers: PIR, AMZN, MNST, GM & more Friday, 28 Feb 2014 | 7:34 AM ET
    Traders on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Bullard: Deck has been cleared for US growth     Friday, 28 Feb 2014 | 7:32 AM ET

    James Bullard, Federal Reserve Bank of St. Louis president & CEO, shares his thoughts on Europe's recession and the Fed's asset buying program. All of the things that we've been worried about over the last couple of years have dissipated, says Bullard.

  • Bullard: Housing sector improving     Friday, 28 Feb 2014 | 7:06 AM ET

    James Bullard, Federal Reserve Bank of St. Louis president & CEO, shares his thoughts on the outlook on housing and whether the Fed is like to change its pace of tapering.

  • Bullard sees stronger growth in 2014     Friday, 28 Feb 2014 | 7:05 AM ET

    James Bullard, Federal Reserve Bank of St. Louis president & CEO, discusses whether this winter's harsh weather impacted recent economic data. The spate of soft data is not enough for me to revise my forecast, says Bullard.

  • Russia's Gazprom Neft 2013 net profit up 1 pct y/y Friday, 28 Feb 2014 | 2:18 AM ET

    MOSCOW, Feb 28- Gazprom Neft, an oil arm of Russian gas company Gazprom, posted 177.9 billion roubles in 2013 net profit, up 1 percent year-on-year. In 2012, Gazprom Neft saw net profit at 176.3 billion roubles. The company said in a statement on Friday its revenues were down 1 percent to 1.5 trillion roubles last year.

  • *Demand from China underpinning growth. SYDNEY, Feb 28- Australia's Warrnambool Cheese and Butter Factory Holdings Co reported a doubling in first-half profits on Friday, a step towards justifying the rich bidding war that left Canada's Saputo Inc owning almost 90 percent of the company.

  • Australia's Warrnambool doubles H1 profit Thursday, 27 Feb 2014 | 9:54 PM ET

    SYDNEY, Feb 28- Australia's Warrnambool Cheese and Butter Factory Holdings Co reported a doubling in first-half profits on Friday, a step towards justifying the rich bidding war that left Canada's Saputo Inc owning almost 90 percent of the company.

  • CLP CEO: Australia is a challenge for us     Thursday, 27 Feb 2014 | 7:14 PM ET

    Richard Lancaster, CEO of CLP Group, addresses concerns relating to its earnings losses in Australia, which is seeing a downturn in market conditions and energy demand dip as of late.

  • 2014 remains challenging: Maersk Line     Thursday, 27 Feb 2014 | 6:34 PM ET

    Despite seeing earnings tripled in 2013, David Skov, Head, South China at Maersk Line, says the company expects freight rates to remain volatile and warns of overcapacity in the industry going forward.

  • Qantas CEO: We have the confidence of the board     Thursday, 27 Feb 2014 | 5:17 PM ET

    Qantas Airways CEO Alan Joyce, believes that he has the board behind him on his plans to slash 5,000 jobs and other cost-cutting measures, after the airline posted a hefty pre-tax loss on Thursday.

  • Feb 27- Salesforce.com Inc raised its full-year revenue forecast and said it aims to improve its adjusted operating margin, after quarterly revenue grew more than expected on strong sales at ExactTarget, an email marketing firm it acquired in June.

  • Qantas Airways CEO Alan Joyce discusses his plans to return the airline back to profitability, as well as its dialogue with the Australian government.

  • Gap's profit drops 12.5%; outlook trails estimates Thursday, 27 Feb 2014 | 4:19 PM ET
    Shoppers walk past a GAP store in Chicago, Illinois.

    Gap is reporting a drop in fourth-quarter profit on a 3 percent decline in revenue as the clothing retailer was forced to discount heavily.

  • Feb 27- Data analytics software maker Splunk Inc reported a bigger fourth-quarter loss as costs nearly doubled. Splunk's shares fell 3.6 percent after the bell on Thursday. The company's net loss increased to $32.6 million, or 30 cents per share, from $6.2 million, or 6 cents per share, a year earlier.