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  • CHICAGO, Feb 2- Package delivery company United Parcel Service Inc on Tuesday reported a significantly higher quarterly net profit as the company boosted its margins and performed well during its peak holiday season. The Atlanta- based company posted fourth-quarter net income of $1.33 billion or $1.48 per share, nearly triple the $453 million or 49 cents per...

  • Please note that the media slug for stories about the Flint, Michigan, water crisis has been changed to MICHIGAN- WATER/ from MICHIGAN- FLINT/ FBI.

  • *Q4 earnings/shr 93 cents vs est 70 cents. *Shares up 3.3 pct at $44 premarket. Shares of the company, which is merging with DuPont, were up 3.3 percent at $44 in premarket trading.

  • *Expects 2016 adj earnings of $2.20- $2.30/ share vs est $2.36. Feb 2- U.S. drugmaker Pfizer Inc, which is in the process of buying Botox-maker Allergan Plc for $160 billion, forecast 2016 revenue and earnings below analysts' estimates, citing generic competition and a strong dollar. The company said it expects reported revenue of $49 billion- $51 billion for the full...

  • Feb 2- Hospital products and drug maker Baxter International Inc's quarterly revenue fell 7 percent and missed analyst estimates, hurt by a strong dollar and increased generic competition for its chemotherapy treatment in the United States. Net income fell to $205 million, or 37 cents per share, for the fourth quarter ended Dec. 31 from $953 million, or $1.74 per...

  • LONDON, Feb 2- The yen inched higher on Tuesday as another drop in oil and stock markets sent investors back to traditional safe havens, hammering commodity-dependent currencies in the process. The Australian and New Zealand dollars both sank almost 1 percent in midday trade in Europe, while the Canadian dollar and Norwegian crown- both heavily dependent on oil...

  • LONDON, Feb 2- Gold steadied after touching a new three-month high on Tuesday, still supported as global growth concerns and a further drop in the oil price pushed investors towards safe-haven assets. Spot gold touched $1,130.11 an ounce, its strongest since Nov. 3, and then pulled back slightly to trade down 0.4 percent at $1,124.31 by 1221 GMT.

  • Net earnings attributable to Emerson's common shareholders fell to $349 million, or 53 cents per share, from $525 million, or 75 cents per share, a year earlier. Excluding items, Emerson earned 56 cents per share, compared with the average Wall Street estimate of 51 cents. St. Louis, Missouri- based Emerson forecast adjusted earnings of 60- 65 cents per share for its...

  • NIZHNEVARTOVSK/ MOSCOW, Feb 2- Two senior Russian officials talked up potential cooperation with OPEC to prop up prices, but data showed oil production in Russia hit a post-Soviet high in January, suggesting the world's top producer was locked in a fierce struggle for market share. Russia has in the last week sent mixed signals about possible cooperation with...

  • Lazard's total operating revenue fell to $598.3 million from $645.8 million. Adjusted net profit fell to $122.9 million, or 92 cents per share, in the quarter ended Dec. 31 from $172.4 million, or 1.29 cents per share, a year earlier. Analysts on average had expected a profit of 87 cents per share and revenue of $574.9 million, according to Thomson Reuters I/B/E/S.

  • *Suzuki to launch 15 of 20 global models in India by 2020. *Maruti Suzuki to reduce number of platforms in India by 2020. NEW DELHI, Feb 2- Suzuki Motor Corp's position in India and other markets is under serious threat from Toyota's buyout of rival Daihatsu, Suzuki's president said on Tuesday.

  • *Oil prices were down about 3 percent as hopes for a deal between OPEC and Russia on output cuts faded with Goldman Sachs saying it was "highly unlikely". *Investors were also concerned about a China- led global economic slowdown and the pace of rate hikes by the U.S. They are pricing in only a 17- percent chance that the Fed will raise rates in March, according to CME...

  • Feb 2- U.S. drugmaker Pfizer Inc, which is in the process of buying Botox-maker Allergan Plc for $160 billion, reported better-than-expected quarterly revenue, helped by demand for its pneumonia vaccine and its Hospira acquisition. However, net income fell to $613 million, or 10 cents per share, from $1.23 billion, or 19 cents per share, a year earlier.

  • Feb 2- Baxter International Inc reported a 78 percent fall in quarterly profit, hurt by lower sales of its hospital products. Net income fell to $205 million, or 37 cents per share, for the fourth quarter ended Dec. 31 from $953 million, or $1.74 per share, a year earlier. Baxter's revenue fell nearly 7 percent to $2.60 billion.

  • Total revenue rose 6.3 percent to $1.40 billion. Net income attributable to the company fell to $294.6 million, or $1.59 per share, from $303.7 million, or $1.48 per share, a year earlier. Analysts on average had expected earnings of $1.46 per share and revenue of $1.36 billion, according to Thomson Reuters I/B/E/S.

  • Feb 2- Factory automation equipment maker Emerson Electric Co reported a 33.5 percent fall in quarterly profit as a strong dollar again ate into the value of sales outside the United States. Net earnings attributable to Emerson's common shareholders fell to $349 million, or 53 cents per share, in the first quarter ended Dec. 31 from $525 million, or 75 cents per...

  • Shares of the company, which is merging with DuPont, were up 2.4 percent at $43.60 in premarket trading. Operating margin increased by 406 basis points to 20.9 percent in the three months ended Dec. 31, as cost of sales fell 24 percent to $8.81 billion. Excluding a $1.96 per-share gain from the spinoff of Dow Chlorine Products, Dow earned 93 cents per share in the...

  • *2016 spending seen at lower end of $17- 19 bln range. The British oil and gas company, which is still grappling with about $55 billion of costs from the oil spill in the Gulf of Mexico in 2010, said it would cut 7,000 jobs by the end of 2017, or nearly 9 percent of its workforce. BP said it lost $6.5 billion in 2015 and its fourth-quarter underlying replacement cost...

  • Feb 2- Swiss-based communication equipment maker TE Connectivity Ltd said it would buy medical device maker Creganna Medical Group for $895 million, expanding in the fast-growing business of supplying equipment for minimally invasive procedures. TE bought another catheter systems maker, AdvancedCath, for $190 million in February 2015.

  • Feb 2- Financial advisory and asset manager Lazard Ltd reported a 28 percent decline in fourth-quarter profit as operating revenue fell. The company's adjusted net profit fell to $122.9 million, or 92 cents per share, in the quarter ended Dec. 31 from $172.4 million, or 1.29 cents per share, a year earlier. Lazard's operating revenue fell 7.4 percent to $598.3...