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  • Kohl's cuts adjusted 4Q forecast as sales weaken Thursday, 4 Feb 2016 | 1:37 PM ET

    NEW YORK— Kohl's cut its adjusted earnings forecast for the fourth quarter Thursday, following soft sales. Kohl's said that sales at stores open at least a year edged up 0.4 percent in the fourth quarter, and gained 0.7 percent for fiscal 2015. Kohl's now foresees fiscal 2015 adjusted earnings in a range of $3.95 to $4 per share.

  • *Q4 core EPS 94 cents vs consensus 95 cents. *Q4 revenue $6.40 billion vs consensus $6.29 billion. LONDON, Feb 4- AstraZeneca warned on Thursday that revenue and earnings would drop this year due to the arrival of cheap generic rivals to Crestor, its top-selling cholesterol drug, which will offset growth in sales of newer medicines.

  • *Exporters may have difficult time this year due to China worry. TOKYO, Feb 4- Japan's Nikkei share average fell to a one-week low on Thursday as a stronger yen hurt market sentiment, while bellwether companies such as Panasonic dived after cutting earnings forecasts. The dollar was steady at 117.97 yen after dropping 1.7 percent overnight, hurting exporters.

  • *Expects Brent crude in 2016 at $40/ barrel vs previous $55. OMV now expects the price of Brent crude oil to average $40 per barrel in 2016, down from its $55 forecast made only three months ago. Under new Chief Executive Rainer Seele, OMV is looking to Russia for low-cost exploration as its upstream portfolio is burdened with expensive North Sea assets which it...

  • UPDATE 1-Rockwell Automation cuts 2016 forecast Wednesday, 27 Jan 2016 | 7:33 AM ET

    The company cut its 2016 profit forecast to $5.70- $6.20 per share from $5.90- $6.40. It reduced its sales guidance to $5.9 billion from $6.00 billion. The company's net income fell to $185.5 million, or $1.40 per share, in the quarter ended Dec. 31, from $214.2 million, or $1.56 per share, a year earlier.

  • Sprint shares soared to a session high of $3.08 before receding to $3.01 in the afternoon, still up more than 19 percent on the day. Sprint, majority owned by Japan's SoftBank Group Corp, expects to post an operating profit, before earnings and taxes, for its fiscal year ending March, reversing its previous forecast of a loss. Sprint's plan to cut about $2 billion to...

  • Sprint, majority owned by Japan's SoftBank Group Corp, expects to post an operating profit, before earnings and taxes, for its fiscal year ending March, reversing its previous forecast of a loss. Sprint's plan to cut about $2 billion to $2.5 billion in costs is on track, executives said on an earnings call. The company reported cash and cash equivalents of $2.2...

  • *Sees 2016 operating profit of $2.95- $3.10/ shr vs est. The company's previous cost-reduction plan, launched under former CEO Ellen Kullman, had pegged cuts at $1.3 billion by the end of 2016 from 2013 levels. The company said it expects full-year operating earnings of $2.95- $3.10 per share, compared with analysts' average estimate of $3.10 per share, according to...

  • Excluding a $192 million impairment charge and costs related to its pending acquisition of Baker Hughes Inc, Halliburton earned 31 cents per share, higher than analysts' average estimate of 24 cents, according to Thomson Reuters I/B/E/S. Operating margins in the company's North America operations, which account for more than half of Halliburton's revenue,...

  • AMSTERDAM, Jan 25- Dutch engineering company Arcadis warned on Monday its 2015 operating profit would miss targets because of weaker sales in the United States and emerging markets, sending its shares down more than 15 percent. ING cut the stock from "Buy" to "Hold" in December, after Arcadis said it was cooperating with Brazilian police as part of an investigation...

  • AMSTERDAM, Jan 25- Dutch engineering company Arcadis warned on Monday its 2015 operating profit would miss targets due to weaker sales in the United States and emerging markets, sending its shares down more than 13 percent. The company said in a statement that full-year net income from operations would be roughly 10 percent higher than in 2014, down from...

  • LONDON, Jan 25- Imagination Tech, the British chip designer whose shares are languishing at six-year lows after a profit warning in December, said it was reviewing strategic options for its loss-making Pure digital radio business. Chief Executive Hossein Yassaie has previously said Pure had wider value for Imagination as a test bed for its technology.

  • Jan 22- Schlumberger Ltd, the world's No.1 oilfield services provider, said it was optimistic that it had completed the job cuts needed in this oil downturn. Schlumberger reported a slightly better-than-expected quarterly profit on Thursday as it cut costs again- mostly through 10,000 job cuts- and the company unveiled a $10 billion share buyback program.

  • Citigroup cuts global economic growth forecasts Thursday, 21 Jan 2016 | 3:35 AM ET

    LONDON, Jan 21- U.S investment bank Citigroup cut its growth forecasts for the world economy on Thursday, and said that risks of a global recession were increasing. Citi cut its forecasts for global economic growth for 2016 to 2.7 percent from 2.8 percent, citing pressures from disinflation. "Risks to our growth forecasts probably remain to the downside, with...

  • The company said savings would be achieved primarily through deferring discretionary activities in Western Canada, but its Sunrise oil sands plant and three new heavy oil thermal projects in the Lloydminster region on the Alberta- Saskatchewan border will not be affected. Spokesman Mel Duvall said about half the reduced production impact would be felt in...

  • *Chicago Board of Trade front-month wheat dropped 0.16 percent to $4.80-1/ 2 a bushel, having closed up 2.6 percent on Tuesday when prices hit a three-week top of $4.83-1/ 4. *The USDA lowered its estimate of U.S. corn production and reported quarterly stocks slightly below an average of analyst expectations. *The USDA also lowered its estimate of the U.S. soybean...

  • Ford Motor changes pension reporting Thursday, 7 Jan 2016 | 10:00 AM ET
    Ford Motor changes pension reporting

    The automaker will restate its financial results since 2011 and show a $1.5 billion increase in 2015 pretax profit .

  • UPDATE 1-Macy's lowers earnings forecast; to cut jobs Wednesday, 6 Jan 2016 | 4:40 PM ET

    Jan 6- Department store chain Macy's Inc, which lowered its full-year earnings expectations for the second time, said it would cut jobs and consolidate its operations, starting early 2016.. The company said it expects to generate about $400 million in savings beginning this year. Macy's on Wednesday cut its full-year 2015 earnings forecast to $3.85- $3.90 per...

  • UPDATE 1-General Mills cuts full-year sales forecast Thursday, 17 Dec 2015 | 7:36 AM ET

    Dec 17- General Mills Inc cut its full-year sales forecast and reported its second straight fall in quarterly sales, hurt by a strong dollar and weak demand for its snacks and baking products in the United States, its biggest market. General Mills had earlier said it expected sales to stay flat in 2016.. Net income attributable to General Mills rose 53 percent to...

  • CORRECTED-Valeant cuts revenue, profit forecasts Wednesday, 16 Dec 2015 | 6:32 AM ET

    Dec 16- Canadian drugmaker Valeant Pharmaceuticals International Inc cut its revenue and profit forecasts for 2015..