Earnings Announcements
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Jan 10- Supervalu Inc, the No. 3 U.S. grocery store operator, said on Thursday it plans to sell five retail grocery chains to an investor group led by Cerberus Capital Management LP. Supervalu also said it posted a quarterly profit.
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Norman Chan, Head of Investment, Calibre Asset Management, explains why Chinese trade figures are becoming less important.
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The CEO behind such brands as Corona, Svedka and Manischewitz said a late-2012 slowdown was due to "fiscal cliff" blues.
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*Revenue up 6 percent to $35.2 billion. CHICAGO, Jan 9- U.S. agribusiness giant Cargill Inc reported a four-fold increase in quarterly earnings on Wednesday, tapping its global command of cash markets and food processing and posting strong profits from trading operations after a poor performance a year ago.
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Dow Jones is now reporting that the SEC has opened an inquiry into Herbalife, with CNBC's Herb Greenberg.
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Jan 9- There are two big-picture reasons to doubt corporate earnings: they are improbably high and there are significant reasons to think they are being gamed. The U.S. corporate earnings season kicked off this week with a creditable performance by bellwether Alcoa and amid expectations that fourth-quarter reports for the S&P 500 would grow by 2.7 percent.
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*Alcoa shares down after positive outlook for the year. *Herbalife up 4.2 pct on news hedge fund manager Loeb took stake. Herbalife Ltd stock rose 4.2 percent to $39.95 in its most active day of trading in the company's history, after hedge fund manager Dan Loeb took a large stake in the nutritional supplements seller.
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You've probably heard a lot of talk about the death of the PC, but new models are being shown off at this year's CES, reports CNBC's Jon Fortt. Mark Spoonauer, Laptop & Laptopmag.com editor-in-chief, weighs in.
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The run of Treasury Secretary Tim Geithner is nearing the end, reports CNBC's John Harwood.
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*Alcoa shares rise after positive outlook for the year. NEW YORK, Jan 9- U.S. stocks rose on Wednesday as Alcoa's better-than-expected revenue and a positive outlook boosted investor confidence ahead of an earnings season expected to show lackluster results.
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Low interest rates and slow capital markets are weighing on bank profits, reports CNBC's Kayla Tausche.
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Ahead of a scheduled announcement from Facebook, Rosecliff Capital's Mike Murphy says he expects big growth.
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*Alcoa shares rise after positive outlook for the year. NEW YORK, Jan 9- U.S. stocks edged up on Wednesday after Alcoa got the earnings season under way with better-than-expected revenue and an encouraging outlook for the year.
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Amid a stock rally, Shelter Harbor Capital's Brian Kelly sees a potential headwind.
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While Alcoa's earnings helped kick off a stock rally, Shelter Harbor Capital's Brian Kelly saw one potential warning sign.
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*Alcoa shares rise after positive outlook for the year. NEW YORK, Jan 9- U.S. stocks edged higher on Wednesday after Alcoa got the earnings season under way with better-than-expected revenue and an encouraging outlook for the year.
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CHICAGO, Jan 9- U.S. agribusiness giant Cargill Inc said on Wednesday quarterly earnings quadrupled, led by profits from trading operations amid the effects of last summer's U.S. drought, the worst in more than 50 years.
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The "Squawk on the Street" news crew reports on the market moving stories of the day, including Alcoa's earnings; and the Dish Network's unsolicited takeover bid for Clearwire.
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Byron Wien, Blackstone Advisory Partners vice chairman, shares his final market surprise: Iran increasing its nuclear capabilities this year.
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CHICAGO, Jan 9- U.S. agribusiness giant Cargill Inc said on Wednesday quarterly earnings quadrupled, led by its grain processing and origination sector.