CNBC's David Faber speaks with Morgan Stanley chairman and CEO James Gorman about the bank's quarterly earnings and institutional business. Gorman also explains how Morgan Stanley has reshaped its fixed income business.
HONG KONG— World stocks were subdued Thursday ahead of a long weekend for many markets, with Japan's Nikkei faltering as investors locked in profits after a strong rally.
April 17- Mattel Inc, the world's largest toymaker, reported its first quarterly net loss in nearly five years due to a double-digit fall in sales of its iconic Barbie dolls, sending the company's shares down as much as 3 percent in early trading.
An adjusted profit measure favored by the private equity industry— economic net income, which strips out charges tied to employee stock grants from Blackstone's 2007 initial public offering of stock— rose 30 percent to $813.9 million, or 70 cents per unit, from $628.3 million, or 55 cents per unit.
DUBAI, United Arab Emirates— Abu Dhabi's Mubadala state investment company says profits last year tripled to roughly $395 million on the back of a strong performance from international investments. Mubadala's mandate is to diversify Abu Dhabi's oil-rich economy.
CNBC's Dominic Chu looks at the blue chips dragging on the Dow and the semiconductors moving on up.
Andres Garcia-Amaya, J.P. Morgan Funds vice president & global market strategist, and David Bianco, Deutsche Bank chief U.S. equity strategist, break down market rotation and what's driving the volatile U.S. stock market.
CNBC's Sara Eisen digs into the numbers behind the strong quarterly earnings of PepsiCo.
Technology stocks are leading an early decline on Wall Street after Google and IBM reported disappointing earnings. Mattel and UnitedHealth Group also fell in early trading Friday after their own results fell short of what investors were expecting. Goldman Sachs and Morgan Stanley rose after reporting better results than analysts had forecast.
*Others want European Central Bank to act. Some of Europe's largest companies including Danone, SAP AG and L'Oreal have posted buoyant first-quarter sales volumes in the past week thanks largely to strong demand in emerging markets such as Brazil and in North America.
THE RESULTS: Philip Morris International Inc.' s first-quarter profit dropped nearly 12 percent to $1.88 billion as cigarette sales fell in the overseas markets that it serves and it was hurt by foreign exchange rates for the U.S. dollar.
Chipotle's feeling the food cost pinch too and plans to pass along some of its increased costs to customers soon.
*Google, IBM shares fall a day after posting earnings. NEW YORK, April 17- Wall Street was set to open little changed Thursday, following three days of gains, as underwhelming results from tech giants Google and IBM were offset by upbeat quarterly numbers from the likes of Morgan Stanley, Goldman Sachs and General Electric.
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.
*First-quarter EPS $2.64 vs est. *Sales rise 24.4 pct to $904.2 mln; same-restaurant sales rise 13.4 pct. April 17- Chipotle Mexican Grill Inc raised its full-year sales forecast after reporting better-than-expected quarterly revenue as sales surged at established restaurants.
OMAHA, Neb.— The harsh winter didn't keep Union Pacific railroad from delivering 14 percent higher quarterly profit as it hauled more agricultural, industrial and coal shipments. Union Pacific's revenue grew 7 percent to $5.64 billion. Analysts surveyed by FactSet expected Union Pacific to report earnings per share of $2.37 on $5.7 billion in revenue.
FORT LAUDERDALE, Fla.— A late-March surge in car and truck buying helped dealership group AutoNation Inc. overcome subzero temperatures and waves of winter storms earlier in the year to post nearly a 15 percent increase in first-quarter net income.
Nicole Miller Regan, Piper Jaffray, shares her thoughts on Chipotle's quarterly results, and discusses her $550 price target on the stock.
April 17- Schlumberger Ltd, the world's largest oilfield services company, reported a profit that beat analysts' estimates for the tenth straight quarter, but revenue fell short of expectations due to reduced drilling and pricing pressure in Latin America.
April 17- Goldman Sachs Group Inc reported an 11 percent drop in first-quarter profit on Thursday as client activity remained constrained and fixed-income revenue shrank. The Wall Street bank said its net income fell to $1.95 billion, or $4.02 per share, in the first three months of the year from $2.19 billion, or $4.29 per share, in the same period of 2013..