NEW YORK (MarketWatch) — Dominion said Friday it continues to expect 2010 operating earnings of $3.20 a share to $3.40 a share after the power firm settlemed a rate case with regulators in Virginia. As a result of the revised settlement agreement, Dominion recorded a charge of $174 million, or 29 cents a share to fourth-quarter and full-year 2009 reported earnings that is not included in operating earnings for 2009.
LONDON (MarketWatch) — UBS downgraded Motorola Inc. to neutral from buy Friday, citing valuation as it also cut its rating on Palm Inc. to sell from neutral
FRANKFURT (MarketWatch) — Crude futures traded little changed on Friday after data showed that U.S. real gross domestic product increased at a 5.9% seasonally adjusted annualized pace, revised up from 5.7% estimated last month
NEW YORK (MarketWatch) — U.S. stock futures were slightly lower on Friday after the Commerce Department reported the economy grew a bit more previously reported in the fourth quarter, but revisions to gross domestic product had final sales in the U.S. weaker than thought.
WASHINGTON (MarketWatch) – The U.S. economy grew slightly faster than previously reported in the fourth quarter, but details of the revision to gross domestic product show final sales in the United States were actually weaker than reported a month ago, the Commerce Department estimated Friday.
NEW YORK (MarketWatch) — American International Group Inc. reported a fourth-quarter net loss of $8.9 billion, or $65.51 a share, on Friday.
NEW YORK (MarketWatch) — Pepco Holdings Inc.
HONG KONG (MarketWatch) — Thailand’s top court ruled Friday that former Prime Minister Thaksin Shinawatra unlawfully concealed his assets while in office and abused his power for personal gain, raising the likelihood they will rule his $2.3 billion fortune should be seized by the state, according to reports. The nine-judge panel said they unanimously agreed that Thaksin and his ex-wife, still held shares in a telecommunications company he founded, while he was prime minister
NEW YORK (MarketWatch) — The Interpublic Group of Companies Inc. on Friday said its fourth-quarter net income fell to $129.4 million, or 24 cents a share, from $209.8 million, or 39 cents a share, in the year-ago period. The advertising holding company’s revenue fell 5% to $1.8 billion, compared to $1.90 billion in the fourth quarter
NEW YORK (MarketWatch) — Gold prices gained some ground on Friday, adding to Thursday’s gains, as the U.S. dollar fell versus the euro and traders noted a sense of returning willingness among investors to buy risky assets, including commodities. Gold futures for April delivery inched up $1.30 to $1,109.80 an ounce
