Wendy’s/Arby’s Group 4Q loss narrows (AP)
AP – Wendy’s/Arby’s Group Inc., which is considering selling its struggling Arby’s business, said Thursday that its fourth-quarter loss narrowed as it cut expenses.
Penney’s 4Q profit rises 36 percent (AP)
AP – J.C. Penney Co.’s fourth-quarter profit rose 36 percent as exclusive merchandise, including its Liz Claiborne brand, attracted new customers.
Dish Network’s 4Q net income rises 41 percent (AP)
AP – Dish Network, the nation’s third-largest provider of pay-TV service, is reporting that its fourth-quarter net income rose 41 percent to beat Wall Street analysts’ expectations, even as it lost subscribers.
Summary Box: UPS profit jumps, led by int’l growth (AP)
AP – HOLIDAY RUSH: UPS said Tuesday its fourth-quarter net income jumped 48 percent as shipments increased across the globe during the critical holiday season. The world’s largest shipping company said business was particularly strong in China and Germany, two countries that rely heavily on exports.
Chevron 4Q profit jumps 72 pct as oil prices rise (AP)
AP – Chevron Corp. said Friday its fourth-quarter net income jumped 72 percent as rising fuel demand lifted oil prices and produced a sharp turnaround in its refinery business.
Honeywell 4Q profit up, sells auto products unit (AP)
AP – Honeywell International Inc. said Friday its fourth-quarter profit more than doubled, mainly due to accounting adjustments, and disclosed it has agreed to sell its automotive group that makes Fram oil filters and Prestone antifreeze for about $950 million to the private equity firm Rank Group.
Abbott 4Q profit falls 6 percent on buyout costs (AP)
AP – Drug and medical device maker Abbott Laboratories said Wednesday its fourth-quarter net income dropped 6 percent on costs connected with a number of acquisitions, but the results met Wall Street expectations.
Summary Box: Norfolk Southern’s 4Q profit jumps (AP)
AP – RIDING THE RAILS: Railroad Norfolk Southern Corp. said Tuesday its fourth-quarter earnings rose 31 percent on widespread improvements in shipments, led by coal and intermodal transfers from trucks.
EMC posts 61 percent jump in 4Q earnings (AP)
AP – Data storage company EMC Corp. said Tuesday its fourth-quarter earnings jumped 61 percent, boosted by the continued growth of technology spending.
Charles Schwab 4Q profit drops on settlement costs (AP)
AP – Discount broker Charles Schwab Corp. said Tuesday its fourth-quarter profit fell 27 percent because of charges from a settlement over disclosure of the risks of a short-term bond fund.