Company Earnings - Page 37

AP - Allstate Corp., the nation's second-biggest personal-lines insurer behind State Farm, said Tuesday its fourth-quarter profit rose 17 percent as it continued to benefit from a benign year for hurricanes.

Reuters - Flextronics , the world's largest contract electronics manufacturer, on Tuesday posted a jump in quarterly profit from a year ago, when results were weighed down by charges.

Reuters - Allstate Corp. , the largest publicly traded home insurer in the United States, said on Tuesday that fourth quarter earnings rose 16.5 percent, helped by low catastrophe losses, but missed analysts' estimates.

FT.com - US stocks rallied on Tuesday, as investors digested an array of earnings reports, a sharp jump in oil prices and waited for the Federal Reserve to conclude its policy meeting later on Wednesday. More Info...  

Reuters - The prospect of imminent airline industry consolidation faded on Tuesday as US Airways Group reported no headway in its bid to take over bankrupt rival Delta Air Lines .

FT.com - US stocks rose modestly on Tuesday, as investors digested an array of earnings reports and waited for the Federal Reserve to conclude its policy meeting later on Wednesday. More Info...  

AP - Higher costs contributed to a 5 percent drop in Kellogg Co.'s fourth-quarter net income, the breakfast food and snack maker reported Tuesday. More Info...  

AP - Procter & Gamble Co. said Tuesday its second-quarter profit jumped 12 percent, and the consumer products company raised its outlook for the year. More Info...  

AP - Merck & Co. reported Tuesday that fourth-quarter profit plunged 58 percent despite higher revenues as the drugmaker took a slew of charges for restructuring costs, an acquisition and increased legal reserves, mainly for its withdrawn painkiller Vioxx.

Reuters - Diversified manufacturer 3M Co. posted a weaker-than-expected quarterly profit on Tuesday and said global economic growth was slowing, sending its shares down 4.7 percent and weighing heavily on blue chip stocks overall.

FT.com - US stocks rose modestly on Tuesday morning, as investors digested an array of earnings reports and waited for the Federal Reserve to conclude its policy meeting later on Wednesday. More Info...  

Earnings News AP - United States Steel Corp.'s fourth-quarter profit more than doubled from a year ago, boosted by higher sales and steel prices, the company said Monday. More Info...  

AP - Verizon Wireless added 2.3 million customers, most of them prized monthly subscribers, to put a shine on a fourth quarter when Verizon Communications Inc.'s profit was cut by restructuring costs.

AP - Tyson Foods Inc., the world's largest meat producer, posted its first profitable quarter in a year Monday but warned that a "dramatic rise" in corn prices caused by new demand for ethanol will raise the cost of poultry and livestock fed with the grain. More Info...  

AP - Mattel Inc., the world's largest toymaker, said Monday it's fourth quarter profit rose 3 percent boosted by strong sales of its Barbie and Fisher-price toys, including the popular T.M.X. Elmo doll. More Info...  

Reuters - Technology media company CNET Networks Inc. on Monday posted a lower quarterly profit, weighed down by $6.5 million in costs related to a probe into stock options grants and higher expenses. More Info...  

Reuters - Mining company Phelps Dodge Corp. , an American institution for nearly two centuries, reported a ten-fold fourth-quarter profit increase on Monday, in what could be its last earnings announcement as an independent company. More Info...  

Reuters - Mattel Inc. , the largest U.S. toymaker, posted a higher-than-expected fourth-quarter profit on Monday on strong holiday sales of its T.M.X. Elmo and Barbie lines.

Reuters - Verizon Communications Inc. reported a fall in quarterly profit on Monday, as strong growth in its wireless venture was offset by charges from asset sales and spending on its high-speed, fiber optic network.

Reuters - Tyson Foods Inc. , the largest U.S. meat company, on Monday said quarterly profit rose 46 percent, beating Wall Street estimates by a large margin, as cost-cutting measures kicked in.