APPLE SELLS 46% MORE AND HIGHER PRICE IPHONES -- 4TH UPDATE
Apple Inc. surpassed even the most bullish Wall Street
expectations for its holiday quarter with an improbable trifecta:
selling more iPhones at higher prices--and earning more on each
sale. (published 0024 GMT)
YAHOO TO SPIN OFF REMAINING ALIBABA STAKE -- 4TH UPDATE
Yahoo Inc. unveiled a plan to spin off tax-free its nearly $40
billion worth of holdings in Alibaba Group Holding Ltd., a move
that should buy Chief Executive Marissa Mayer more time with
shareholders despite continued declines in the Internet portal's
core advertising business. (published 2239 GMT Tuesday)
AMGEN PROFIT RISES 27% ON HIGHER SALES OF KEY DRUGS -- UPDATE
Amgen Inc. said fourth-quarter earnings rose about 27%, as sales
growth was driven by such key drugs as cancer therapy Kyprolis and
osteoporosis treatment Prolia. The company also said it is
preparing for the approval of new drugs, including a treatment for
high cholesterol. (published 0010 GMT)
AT&T RESULTS NARROWLY TOP EXPECTATIONS -- 2ND UPDATE
AT&T Inc. added 854,000 of the wireless industry's core
customers in the last three months of the year, as profits and
customer retention showed signs of strain from the heightened
competition among the nation's biggest carriers. (published 2358
GMT Tuesday)
AMERICAN EXPRESS TO START DOING BUSINESS IN CUBA
American Express Co. says it plans to start doing business in
Cuba after the Obama administration lifted a ban on U.S. banks and
credit card companies operating on the island. (published 0052
GMT)
SINO-OCEAN LAND PLANS BOND ISSUE TO REPAY DEBT, FUND GENERAL CORPORATE PURPOSES
Hong Kong-listed property developer Sino-Ocean Land Holdings
Ltd. said Wednesday it plans to issue bonds to professional
investors and will use proceeds to repay current debt and fund
general corporate purposes. (published 0028 GMT)
FREESCALE SEMICONDUCTOR SWINGS TO PROFIT, FORECAST TOPS CONSENSUS
Freescale Semiconductor Ltd. swung to a profit in the fourth
quarter as the chip maker cut expenses and continued to reduce
debt. (published 2329 GMT Tuesday)
PFIZER HIT BY STRONGER DOLLAR, PATENT LOSSES, LAWSUIT SETTLEMENT -- 3RD UPDATE
Pfizer Inc. said a strong U.S. dollar and recent drug-patent
losses contributed to a 52% drop in net income in the fourth
quarter and would depress results this year. (published 2306 GMT
Tuesday)
U.S. STEEL TOPS WALL STREET VIEWS -- UPDATE
U.S. Steel Corp. reported fourth-quarter earnings well above
Wall Street estimates Tuesday as its ongoing "Carnegie Way"
efficiency efforts helped results. (published 2303 GMT Tuesday)
FANNIE, FREDDIE REGULATOR DEFENDS ACTIONS--UPDATE
A top housing regulator, in a tense four-hour hearing before
Congress on Tuesday, defended a series of controversial decisions
made in his first year on the job that the regulator believes will
improve access to housing but critics say could increase taxpayer
risk. (published 2219 GMT Tuesday)
GM CONSIDERING ADDING RUGGED SUV TO GMC BRAND
General Motors Co. is considering adding a rugged SUV to its GMC
brand in an effort to compete with Fiat Chrysler Automobiles NV's
Jeep Wrangler, according to several people briefed on the matter.
(published 2239 GMT Tuesday)
FRANCES RENAULT FACES DIFFICULTIES ON TWO FRONTS--2ED UPDATE
French car maker Renault SA's international expansion plans are
encountering obstacles with a proposed joint-venture with
Mitsubishi Motors Corp. scrapped and its struggling Russian car
maker, Avtovaz, disclosing another round of layoffs. (published
2220 GMT Tuesday)
OZ MINERALS STARTS STRATEGIC REVIEW, UNVEILS PLAN TO RELOCATE
OZ Minerals Ltd. will reduce the size of its corporate office
and relocate to the South Australian state capital of Adelaide as
part of a four-month strategic review announced by the Australian
copper-and-gold miner Wednesday. (published 2157 GMT Tuesday)
HEARTLAND NZ INCREASES FY15 PROFIT GUIDANCE
Bank Heartland New Zealand increased net profit guidance for the
year ending June 30 following a strong performance in the first
half of the financial year. (published 2250 GMT Tuesday)