State Street on Friday reported fourth-quarter net income of $544 million.
*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...
Ford changed the method of accounting for its Venezuela operations on Dec. 31, which it said will result in a one-time pre-tax special item charge of $800 million for the fourth quarter. The No. 2 U.S. automaker has been operating in Venezuela for 53 years. The $800 million special item charge for the fourth quarter is an accounting change and does not include any...
CNBC's Jim Cramer and Howard Schultz, Starbucks president and CEO, discusses the future of Starbucks' Reserve Roastery.
Howard Schultz, Starbucks president and CEO, discusses how food, beer and wine will impact Starbucks over the next two years.
Howard Schultz, Starbucks president and CEO, discusses Starbucks' record quarter and how the company is distinguishing itself from competition in China.
DETROIT— Ford says it will take an $800 million charge in the fourth quarter because of exchange rate problems between the Venezuelan bolivar and the U.S. dollar. But the automaker still expects a full-year pretax profit of $6 billion when it reports 2014 earnings Thursday. The Dearborn, Michigan, automaker has had operations in Venezuela for 53 years.
Honeywell reported better-than-expected profit, on higher sales at its division that makes sensors, safety systems and air conditioning equipment.
Jan 23- Rockwell Collins Inc on Friday reported a 26 percent increase in quarterly profit as sales rose 16 percent, and lifted its forecast for 2015..
*UPS shares fall after outlook, Starbucks up on results. NEW YORK, Jan 23- U.S. stock index futures pointed to a flat open on Wall Street Friday, as early gains following a sharp rally in the previous session were offset by some weak corporate results. Wall Street jumped more than 1 percent on Thursday, an advance that returned the S&P 500 and Nasdaq to positive...
CHICAGO, Jan 23- Regional railroad Kansas City Southern reported a higher quarterly net profit that came in well above Wall Street expectations, driven mainly by higher freight volumes, and said it expected to benefit from a growing U.S. economy in 2015.. The company said "while there is significant volatility in the energy markets" it expects to see volume growth...
Jan 23- Ford Motor Co said a charge related to its Venezuelan operations would reduce fourth-quarter profit attributable to the company by about $700 million, net of deferred tax benefits.
CHICAGO, Jan 23- Package delivery company United Parcel Service Inc on Friday forecast fourth-quarter earnings per share below market expectations, citing a disappointing performance in U.S. domestic ground shipments.
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. The U.S. conglomerate said its fourth-quarter net income rose 61 percent to $5.15 billion, or 51 cents per share, from a year earlier, when results...
SANDUSKY, Ohio _ First Citizens Banc Corp. on Friday reported net income of $2.3 million, or 21 cents per share, in its fourth quarter. The Sandusky, Ohio- based bank said it had earnings of 21 cents per share. Keywords: First Citizens Banc, Earnings Report.
COSTA MESA, Calif. _ Pacific Mercantile Bancorp on Friday reported fourth-quarter net income of $390,000, after reporting a loss in the same period a year earlier. The Costa Mesa, California- based bank said it had earnings of 1 cent per share. This story was generated by Automated Insights using data from Zacks Investment Research.
IONIA, Mich. _ Independent Bank Corp. on Friday reported fourth-quarter net income of $3.9 million. Independent Bank shares have decreased 3 percent since the beginning of the year. Keywords: Independent Bank, Earnings Report.
KANSAS CITY, Mo. _ Kansas City Southern on Friday reported fourth-quarter earnings of $141 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share. Kansas City Southern shares have dropped almost 7 percent since the beginning of the year, while the Standard& Poor's 500 index has stayed nearly flat.
Some of the names on the move ahead of the open.
Jan 23- McDonald's Corp, the world's biggest restaurant chain, reported a 7.3 percent fall in quarterly sales as it struggled to recover from a food scandal in China and battled tough competition in the United States. The company's net income fell to $1.1 billion, or $1.13 per share, in the fourth quarter ended Dec. 31 from $1.40 billion, or $1.40 per share, a year...