Feb 6- The corner is far from turned in Europe, but for some U.S. companies there is a sense that they have reached- or can at least see- a bottom after years of weakness, a welcome change that could help boost profits in 2013..
Stocks fell, as a batch of disappointing corporate earnings and a rise in first time jobless claims eventually overtook investors' impulse to buy.
*Facebook slumps in premarket after earnings. NEW YORK, Jan 31- U.S. stocks were little changed on Thursday as investors mulled a mixed bag of economic data, though earnings from Qualcomm helped lift the Nasdaq. The report followed a disappointing survey from the mid-Atlantic and New York regions.
*Facebook slumps in premarket after earnings. Facebook Inc shares lost 6.4 percent to $29.23 in premarket trading.
UPS, the world's largest package-delivery company, said it expects earnings to rise 6 percent to 12 percent in 2013, to $4.80 to $5.06 per share, which is below the average Wall Street target of $5.11.
Jan 31- United Parcel Service Inc expects to record "relatively flat" earnings in the first quarter, Chief Financial Officer Kurt Kuehn told analysts on a conference call. "For the first quarter we anticipate earnings per share growth will be relatively flat," Kuehn said.
U.S. stock index futures pointed to a slightly lower open on Thursday, as shares in Asia and Europe took a breather from recent rallies after fourth quarter U.S. gross domestic product (GDP) data disappointed.
UPS, the world's largest package-delivery company, said it expects earnings to rise 6 percent to 12 percent in 2013, to $4.80 to $5.06 per share, which is below the average Wall Street target of $5.11.
*Facebook slumps in premarket after earnings. Facebook Inc shares lost 4.6 percent to $29.83 in premarket trading. Qualcomm Inc gained 6.3 percent to $67.55 in premarket trading after the world's leading supplier of chips for cellphones beat analysts' expectations for quarterly profit and revenue and raised its financial targets for 2013..
Jan 31- United Parcel Service Inc reported fourth-quarter earnings below analysts' estimates and set a weaker-than-expected profit forecast for 2013, sending its shares lower.
Jan 31- United Parcel Service Inc reported a net loss in the fourth quarter after a $3 billion one-time charge from pension accounting, and forecast that 2013 earnings would rise 6 percent to 12 percent. UPS, the world's largest parcel delivery company, on Thursday posted a fourth-quarter net loss of $1.75 billion, or $1.83 per share, after the non-cash charge.
Jan 31- United Parcel Service Inc reported a fourth-quarter net loss after taking a large pension-related charge and forecast weaker-than-expected 2013 profit due to an uneven global economy.
*Facebook shares fall after earnings, Qualcomm up. NEW YORK, Jan 31- U.S. stocks edged lower on Thursday as investors took profit after a mixed bag of economic data, while stellar earnings from Qualcomm helped buoy the Nasdaq. Even with the retreat, the S&P 500 is on track to post its best month since October 2011 and its best start to a year since 1997..
BRUSSELS, Jan 30- EU antitrust regulators blocked a 5.2 billion euro bid by United Parcel Service Inc for TNT Express, denting the world No. 1 package delivery company's hopes of expanding its presence in Asia and Latin America. The European Commission said UPS had not offered adequate concessions to ensure the deal would not hurt consumers.
DuckDuckGo CEO Gabriel Weinberg says web traffic on his search engine, billed as an alternative to Google that doesn't store your private information, surged 33 percent after the NSA news broke. Weinberg discusses the model of his search engine, and how the company makes money.
Wednesday, 19 Jun 2013 | 6:31 AM ETJohn Silvia, Wells Fargo Securities, and Barbara Marcin, Gabelli Dividend Income Fund, discuss whether investors should reconsider allocating their portfolios as the Fed wraps up its two-day policy meeting.
Wednesday, 19 Jun 2013 | 8:53 AM ETKen Langone, Invemed Associates chairman and president, called Fed Chairman Ben Bernanke a "lame duck."