Boeing shares fall on lowered than expected guidance

Shares of The Boeing Company fell 4% after the company beat fourth-quarter earnings expectations but issued a full-year guidance that was below expectations. The company reported net income of $1.03 billion, or $1.51 per share, down from $1.47 billion, or $2.02 per share, in the year-earlier period. Boeing reported adjusted earnings per share of $1.60, above the FactSet consensus of $1.27 per share. Boeing reported revenue of $23.6 billion, above $24.5 billion in the year-earlier period and above the FactSet consensus of $23.5 billion. The company issued full year 2016 guidance of $8.45 to $8.65 per share and revenue of $93 billion to $95 billion, below the FactSet consensus of $9.41 and $97 billion respectively.

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Shell shareholders approve BG takeover

Royal Dutch Shell PLC on Wednesday won shareholder approval for its tie-up with BG Group PLC , with 83.08% of the voters expressing support. The takeover, which will be Shell’s biggest acquisition to date, still needs to be approved by BG’s shareholders at a meeting on Thursday. If BG gives the green light, the deal is expected to be completed on Feb. 15, Shell said in a press release. Shares of BG erased an earlier loss immediately after the announcement, but have since slipped back into negative territory, down 0.2%. Shell shares extended losses and were down 2.6%.

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United Tech sales fall short of estimates

United Technologies Inc. said Wednesday it had net income of $3.28 billion, or $3.86 a share, in the fourth quarter, up from $1.47 billion, or $1.19 a share, in the year-earlier period. Profit was boosted by gains from the sale of the company’s Sikorsky helicopter unit. Adjusted per share earnings came to $1.53, matching the FactSet consensus. Sales fell 5% to $14.3 billion, well below the FactSet consensus of $15.3 billion. “In line with our 2015 strategic priorities, we took decisive actions to streamline our portfolio with the divestiture of Sikorsky and return over $12 billion to shareowners,” Chief Executive Gregory Hayes said in a statement. United Tech is still expecting full-year adjusted EPS to range from $6.30 to $6.60 and revenue to range from $56 billion to $58 billion. The company is expecting share repurchases to total $3 billion in 2016, beyond those to be completed under a previously announced $6 billion accelerated buyback program. Shares were not yet active in premarket trade, but are down 28% in the last 12 months, while the Dow Jones Industrial Average has lost 7%.

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Biogen’s stock surges after profit, sales beat

Biogen Inc.’s stock jumped 5.4% in premarket trade Wednesday, after the biotechnology company beat fourth-quarter profit and sales expectations. Earnings came in at $831.6 million, or $3.77 a share, compared with $883.5 million, or $3.74 a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to $4.50, above the FactSet consensus $4.06. Revenue rose $2.84 billion from $2.64 billion, above the FactSet consensus of $2.71 billion. For 2016, the company expects adjusted EPS of $18.30 to $18.60, surrounding the FactSet consensus of $18.45. Revenue is expected to be $11.1 billion to $11.3 billion, compared with the FactSet consensus of $11.29 billion. The stock has slumped 11% over the past three months through Tuesday, while the S&P 500 has lost 7.9%.

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Tupperware fourth-quarter earnings, revenue miss expectations

Tupperware Brands Corp. said it had net income of $58.1 million, or $1.15 per share, in the fourth quarter, down from $82.3 million, or $1.63 per share for the same period last year. Adjusted earnings per share were $1.35, against a FactSet consensus of $1.38. Sales for the quarter totaled $592.1 million, down from $679.9 million. The FactSet consensus was $608 million. “We had a disappointing quarter as we lapped a tough comparison and continued to see an impact from economic and political headwinds in many of our units,” said Chief Executive Rick Goings. The company said that emerging markets accounted for 63% of sales, with Argentina, Brazil, China and Tupperware Mexico making the largest contributions. Tupperware expects sales for the first quarter of fiscal 2016 to decline between 10% and 12% with earnings per share between 74 cents and 79 cents. Tupperware shares are down 13.8% for the past 12 months while the S&P is down 6.2% for the same period.

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Ammon Bundy, other armed militia leaders arrested after Oregon shootout

Ammon Bundy, the leader of an armed group that had occupied a federal wildlife refuge in central Oregon for more than three weeks, has been arrested along with a number of his followers following a shootout. The Oregonian reported that one man was killed in a clash with law enforcement officials during a traffic stop about 15 miles north of Burns, Oregon, on Tuesday afternoon.

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Citizens Financial shares rise on inclusion to S&P 500

Citizens Financial Group Inc. shares rose in the extended session Tuesday after S&P Dow Jones Indices said it would add the regional bank to the S&P 500 Index . Citizens shares rose 3.8% to $21.06. The stock will be added to the index at the close of trading Jan. 29 to replace Precision Castparts Corp. , which is being acquired by Berkshire Hathaway Inc.

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