Pepsi Posts Higher Profit, Downbeat Outlook 

PepsiCo reported a 31% increase in earnings and announced a dividend increase, but it also provided a downbeat profit outlook for 2016.

 
Google Defends U.K. Tax Settlement Before Lawmakers 

Executives for Alphabet's Google business defended their settlement with the U.K.'s tax authority before a panel of British lawmakers Thursday, trying to stanch criticism of a deal that critics say let the search giant off too lightly.

 
Zynga Posts Strong Bookings on Slots, Words With Friends Games 

Zynga reported fourth-quarter results at the top end of its expectations, driven largely by strength in its Slots and Words with Friends games, though the game developer continues to bleed users.

 
Pay Freeze Thaws at HSBC 

The bank has backtracked from a decision to freeze pay this year after employees pushed back to receive raises they had earned.

 
Shire's Net Income Drops Sharply in Fourth Quarter 

Fourth-quarter net income fell 87% against a tough year-earlier comparison, though revenue rose thanks largely to strong sales growth of Shire's attention-deficit-hyperactivity disorder drug Vyvanse.

 
Société Générale Shares Plunge After Profit Warning 

Société Générale SA Chief Executive Frédéric Oudéa said investors were overreacting when the French bank's shares plunged more than 14% following its warning that it could miss its profit target this year.

 
Sweden Cuts Main Interest Rate Further Below Zero 

Sweden's central bank cut its main interest rate even further below zero as it sought to hold down the national currency to support a recovery in the inflation rate toward a 2% target.

 
KKR & Co. Swings to Fourth-Quarter Profit 

KKR & Co. swung to a fourth-quarter profit as private-equity holdings rose in value, but a measure of core earnings missed Wall Street's forecasts.

 
Qualcomm Announces First Gigabit Cellular Chip 

Qualcomm Inc. on Thursday plans to announce a cellular chip that can transmit a billion bits of data a second, hoping to bring mobile users speed comparable to today's most advanced wired services.

 
Walgreens Threatens to End Theranos Agreement 

The blood-testing firm got a 30-day deadline from Walgreens to resolve major infractions that violate the federal law governing clinical laboratories.

 
Molson Coors Hurt by Declining Beer Volumes 

Molson Coors Brewing Co. reported lower profit and revenue for its fourth quarter, hurt by lower earnings in its MillerCoors LLC venture and declining beer volumes.

 
Investors Pull $300 Million From Asia Fund 

Investors pulled nearly $300 million out of an Asian stock fund last month, extending a dramatic exodus from a fund that was for years the biggest of its kind in Asia.

 
Teva Pharmaceuticals Reports Sales Decline 

Teva Pharmaceuticals Industries reported a decline in revenue as drug sales fell across its generic and specialty segments.

 
Nokia Sees Demand Cooling for Telecoms Gear 

Nokia warned of an impending slowdown in the telecommunications-equipment sector amid growing worries about the health of the global economy, just as the integration of the recently acquired Alcatel-Lucent gathers speed.

 
Nielsen Increases Profit as Customers Adapt Digital Tools 

Nielsen increased its fourth-quarter profit as customers began to adapt its new tools for measuring digital viewership.

 
TripAdvisor Delivers Rare Earnings Beat on Higher Revenue 

TripAdvisor reported a core profit that beat Wall Street expectations for the first time since 2013, as higher display advertising and subscription sales drove a 7.3% increase in revenue.

 
Rio Tinto Swings to Annual Loss 

The mining giant also scrapped its progressive dividend policy, citing a worsening global economy and a sharp downturn in commodity prices.

 
Avon Loss Widens, Revenue Declines 

Avon Products, in the process of remaking itself and spinning off its North American business, said its fourth-quarter loss edged deeper as results missed analysts' expectations.

 
Canadian Insurer Manulife's Profit Hit by Energy Charges 

Manulife Financial Corp., Canada's largest insurance company by assets, increased its dividend Thursday and posted a lower fourth-quarter profit on charges related to its energy investments.

 
Bunge Swings to Profit Though Revenue Slides 

Bunge reported it swung to a profit in the final quarter of the year but saw a steeper-than-expected slide in revenue on weakness in its core agribusiness as well as in its edible oil and milling products units.

 
Cenovus Slashes Dividend, Cuts Spending Again 

Canadian oil-sands producer Cenovus Energy Inc. on Thursday slashed its dividend, lowered its spending budget again and said it plans further job cuts as it girds for another year of expected low energy prices.

 
Reynolds American Results Surge 

Reynolds American reported better-than-expected revenue growth, driven by last year's acquisition of the Newport cigarette brand, but offered a 2016 earnings forecast that fell mostly below expectations.

 
Total Trims Loss, Cuts Capital Spending 

French oil major Total said its net loss narrowed in the fourth quarter after it booked fewer write-downs than a year earlier.

 
JetBlue Forms Technology Unit 

JetBlue Airways Corp. is launching a subsidiary in Silicon Valley to find and help develop new technology ventures in the travel and hospitality sectors.

 
Thomson Reuters Tops Earnings Views 

Thomson Reuters said it is moving to sell its intellectual property and science business as part of the company's bid to stabilize its core businesses.

(END) Dow Jones Newswires

February 11, 2016 08:52 ET (13:52 GMT)

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