Articles From: 2nd UPDATE: J.P. Morgan's 1st-Quarter Net Jumps 33% on Strong Investment Banking to 2nd UPDATE: Target Sees 1st Quarter Net Falling Short of Prior Guidance


2013/4/12
-- J.P Morgan's profit helped by declining losses reserves, investment banking --Earnings beat Street views, even as revenue slipped, mortgages disappointed --Investment banking profit popped 28% from a year earlier (Updates premarket quote in fourth paragraph; adds Wells Fargo results, comments from Dimon) By Saabira Chaudhuri J.P. Morgan Chase & Co.
Sign-up for 2nd UPDATE: J.P. Morgan's 1st-Quarter Net Jumps 33% on Strong Investment Banking investment picks
2013/4/16
(Adds details about its over-the-counter medicine business, in the third paragraph.) --Sales get boost from Synthes acquisition --Over-the-counter products contribute to growth --Adjusted earnings, revenue top expectations By Peter Loftus Johnson & Johnson (JNJ) reported a 10.6% decline in first-quarter profit as a result of litigation and other expenses, while a medical-device acquisition and higher drug sales fueled an 8.5% revenue increase.
Sign-up for 2nd UPDATE: J&J 1st-Quarter Profit Off 11% on Litigation Costs investment picks
2013/5/10
-- KeyCorp to buy some commercial mortgage servicing rights from Bank of America --
Sign-up for 2nd UPDATE: KeyCorp Expands Commercial Mortgage Servicing With Deal investment picks
2013/4/19
-- Kimberly-Clark shares hit all-time high after first-quarter earnings top expectations --Maker of Huggies raises outlook for the year --Sales boosted by strong sales of Kleenex tissues, Cottonelle toilet paper (Update adds comments from interview with CEO, statement from Georgia-Pacific and share price.) By Paul Ziobro Kimberly-Clark Corp.
Sign-up for 2nd UPDATE: Kimberly-Clark 1Q Net Up 13%; Beats Street Views investment picks
2013/5/2
--Kraft's first-quarter net falls on higher interest expenses and restructuring charges --Cost cuts, sales growth help Kraft top Wall Street expectations --Company backs full-year outlook (Adds details and comments from earnings call.) By Paul Ziobro The lean and mean parts of Kraft Foods Group Inc.'s (KRFT) standalone strategy started to crystallize after the food company saw cost savings materialize faster than expected in the first quarter and vowed to defend itself from new entrants in some of its categories, like macaroni and cheese.
Sign-up for 2nd UPDATE: Kraft 1st-Quarter Net Falls 5.6%; Cost Savings Materialize Quickly investment picks
2013/5/6
--CEO Lechleiter to undergo surgical repair of enlarged aorta on May 13 --Lilly CFO Rice to become acting CEO during surgery and recovery period --Lead director Marram to become acting chairperson of board (Adds further detail about acting CEO in 7th paragraph) By Peter Loftus Drug maker Eli Lilly & Co.
Sign-up for 2nd UPDATE: Lilly CEO to Have Artery Surgery, Seen Returning by Fall investment picks
2013/5/15
--First-quarter profit jumps despite inclement weather --Raises dividend and announces $1.5 billion increase to buyback program --Sees weakness among lower- and higher-end customers (Updates throughout) By Karen Talley and Saabira Chaudhuri Initiatives like tailoring merchandise to local tastes and a big push in online selling helped Macy's Inc.'s (M) first-quarter profit jump 20% despite uncooperative weather that limited customers' enthusiasm for spring clothing.
Sign-up for 2nd UPDATE: Macy's First-Quarter Net Up 20%, Raises Dividend investment picks
2013/4/28
--Evacuations halted after air-quality tests found no danger to local residents --Fire occurred at a waste-water depository --No deaths or injuries reported (Adds Marathon Petroleum comment in paragraph five) A fire at Marathon Petroleum Corp.
Sign-up for 2nd UPDATE: Marathon Petroleum Reports Fire at Detroit Refinery investment picks
2013/5/1
--Card purchase volume increased 10.5% to $690 billion --Revenue of $1.91 billion missed Wall Street estimates of $1.93 billion --CEO: U.S. economic picture looks dodgy so far in the second quarter (Updated with CEO comments beginning in paragraph three and new details throughout.) By Andrew R.
Sign-up for 2nd UPDATE: MasterCard Shares Fall as 1st-Quarter Revenue Misses Estimates investment picks
2013/5/8
-- McDonald's global same-store sales slip 0.6% in April -- McDonald's says it needs to focus on value more overseas -- Wendy's also says its value business continues to be challenging --
Sign-up for 2nd UPDATE: McDonald's, Wendy's Battle for Value-Centric Customers investment picks
2013/5/1
--Merck first-quarter sales disappoint, lowers 2013 outlook --Sales of diabetes drug Januvia post rare decline amid new competition --CEO says Merck will deploy more resources toward Januvia (Adds factors pressuring Merck sales and comments from new head of research and development beginning in 5th paragraph; updates stock price.) By Peter Loftus Merck & Co.
Sign-up for 2nd UPDATE: Merck 1st-Quarter Profit Down on Loss of Singulair Exclusivity investment picks
2013/4/24
-- MetroPCS shareholders approve merger with T-Mobile --Deal expected to close April 30 --
Sign-up for 2nd UPDATE: MetroPCS Holders Vote to Approve T-Mobile Takeover, 1st-Quarter Profit Down 7.7% investment picks
2013/4/18
--CFO leaving after 11 years with Microsoft --Successor will be selected from internal candidates --Profit up in the face of weakening PC demand (Adds more details from interview with CFO Klein.) By Steven D.
Sign-up for 2nd UPDATE: Microsoft 3rd-Quarter Profit Rises 19%, CFO to Depart investment picks
2013/5/8
--Amy Hood to replace Peter Klein as chief financial officer --Ms.
Sign-up for 2nd UPDATE: Microsoft Names Amy Hood as New Finance Chief investment picks
2013/5/7
-- Mondelez CEO investing to stay ahead of competitors in emerging markets --Increased spending comes as snack company encounters weak sales growth due to low coffee prices, weak gum sales --
Sign-up for 2nd UPDATE: Mondelez Spends to Stay Ahead Overseas; Sales Hit by Coffee, Gum investment picks
2013/5/3
--Earnings vault over expectations, excluding legal settlement --Outlook boosted, but held in check by weakness in European structured finance --Structured-finance woes, cost of settlement highlight difference from rival McGraw Hill Financial (Updates with executive comments from call and interview in paragraphs five, six and eight; further details and context throughout.) By Joan E.
Sign-up for 2nd UPDATE: Moody's Net Climbs With Legal Cost Excluded; Outlook Wary investment picks
2013/5/6
--NY Attorney General Schneiderman says his office may file litigation in matter of weeks --Schneiderman: Bank of America and Wells Fargo are most flagrant violators of mortgage settlement --AG office found 339 violations of settlement standards by Bank of America and Wells Fargo (Updated with new details throughout.) By Andrew R.
Sign-up for 2nd UPDATE: NY AG Says Office May Sue BofA, Wells Fargo Over Mortgage Settlement investment picks
2013/4/18
-- PepsiCo's first-quarter net down 4.6% on restructuring and other charges, but sales up --Strong snack sales overcome weak sales in beverage business, especially close to home --Closely watched Americas Beverage group posts 3% volume drop amid higher prices (Adds details throughout, including comments from earnings call and conference call with media.
Sign-up for 2nd UPDATE: PepsiCo Shares Hit New High After First-Quarter Tops Views investment picks
2013/4/30
--Pfizer first-quarter sales and earnings fall short of analysts' views on currency, other headwinds --Company still grappling with loss of exclusivity for cholesterol drug Lipitor --Pfizer reduces 2013 financial outlook (Adds details and background throughout) By Peter Loftus Pfizer Inc.'s (PFE) first-quarter profit rose 53% from a year-earlier period weighed down by charges, but results fell short of Wall Street expectations, as sales of top products declined on losses of exclusivity and other headwinds.
Sign-up for 2nd UPDATE: Pfizer 1st-Quarter Profit Up 53% on One-Time Gains; Co Cuts 2013 Outlook investment picks
2013/4/18
--Profit hurt by stronger dollar, masking a jump in revenue due to price increases --Volume drops 6.5%, with declines across nearly all markets --
Sign-up for 2nd UPDATE: Philip Morris 1st-Quarter Net Down 1.7% on Higher Expenses investment picks
2013/5/1
(Adds executive comments from interview and conference call.) By Alison Sider Phillips 66 (PSX) executives said Wednesday that the company's refineries are inching toward the goal of processing only discounted crudes extracted in North America some crude from Latin America , a target they expect the company to hit within the next few years.
Sign-up for 2nd UPDATE: Phillips 66 Profit Surges; Aims to Use All Cheap, Domestic Crude investment picks
2013/5/10
(Adds new details) By Tatyana Shumsky Platinum prices slumped 2% Friday after a long-awaited deal to reduce production at the world's largest platinum- mining company disappointed investors.
Sign-up for 2nd UPDATE: Platinum Sinks on Anglo American Production Deal investment picks
2013/4/23
--CEO details focus on business outside mobility --Company to remodel some NYC stores --Plan comes after fifth straight quarterly loss (Adds fresh stock quote, details of new marketing plan starting in first paragraph.) By Drew FitzGerald RadioShack Corp.
Sign-up for 2nd UPDATE: RadioShack Posts Wider 1st-Quarter Loss investment picks
2013/4/1
--Government improves on earlier Medicare Advantage rate proposal --Shares of Humana , other insurers jump as lobbying effort pays off --Change involving doctor rates proves big swing factor in improving payments to health plans (Adds analyst comment in paragraph eight, context.) By Jon Kamp Health insurers stand to get significantly more money for running Medicare Advantage plans next year than they expected, according to new government rates announced late Monday.
Sign-up for 2nd UPDATE: Regulators Improve 2014 Rates for Medicare Advantage Plans investment picks
2013/4/23
--Higher gas prices, increase to payroll tax hurts overall cigarette volumes --
Sign-up for 2nd UPDATE: Reynolds American First-Quarter Cigarette Volume Slumps investment picks
2013/5/9
-- CEO Sam Walsh urges government to maintain "business-friendly" regime --
Sign-up for 2nd UPDATE: Rio Tinto Urges Policy Restraint Ahead of Australia Budget investment picks
2013/4/23
--Schwab website hit by denial of service attack --Issue affected clients for approximately one hour and forty minutes --Company says web access "largely restored." (Adds information on denial of service attack throughout.) By Brett Philbin Customers of Charles Schwab Corp.
Sign-up for 2nd UPDATE: Schwab Website Disrupted by Denial-of-Service Attack investment picks
2013/5/13
-- Supreme Court won't hear appeal from International Securities Exchange on index options --ISE fought since 2006 to be able to list options on S&P 500, Dow Jones Industrial Average --
Sign-up for 2nd UPDATE: Supreme Court Denies ISE Appeal on Options Dispute investment picks
2013/5/16
--T. Rowe fund manager cites "superb leadership" of James Dimon --The T.
Sign-up for 2nd UPDATE: T. Rowe Price Fund Manager Supports Dimon as J.P. Morgan Chairman, CEO investment picks
2013/4/16
-- Target backs full-year guidance --Retailers contending with unseasonably cold weather --Other retailers may follow with similar adjustments to guidance (Adds additional information starting in first graph.
Sign-up for 2nd UPDATE: Target Sees 1st Quarter Net Falling Short of Prior Guidance investment picks
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Articles From: 2nd UPDATE: J.P. Morgan's 1st-Quarter Net Jumps 33% on Strong Investment Banking to 2nd UPDATE: Target Sees 1st Quarter Net Falling Short of Prior Guidance
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