Diageo earnings rise
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Diageo Plc, the world's biggest  alcoholic drinks group, reported a 10 percent rise in  underlying earnings on Thursday but its shares fell on dashed  hopes that the group might raise current year targets.
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The company's fourth-quarter earnings beat analyst expectations.
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Drinks giant Diageo said it had raised 2.26 billion dollars (1.84 billion euros) from the sale of 49.9 million shares in US food company General Mills Inc.
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The company said quarterly profit would be higher than analystsâ estimates and it raised its full-year outlook as exchange rates and price and volume increases offset high commodity costs.
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General Electric brought a strong economy to life yesterday. The nation&#39;s largest company, which by its presence in such a variety of businesses is considered a proxy for the broad economy, reported profit rose 11% to $4.
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Nevada utility holding company Sierra  Pacific Resources Corp.  on Friday reported higher  quarterly earnings, helped by continued growth in its customer  base.
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The defense contractor said second-quarter earnings rose on higher sales across most of its businesses, including fighter jets, missile defense and information technology.
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General Electric Co.  on Friday reported higher third-quarter earnings as strength across many of its financial and industrial businesses outweighed hurricane-related insurance losses.
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Diageo, the world&#39;s biggest maker of alcoholic drinks, said on Thursday that group net profit slid by 22 percent in 2006/07 from its previous financial year as the company was hit by higher taxes.
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SAN FRANCISCOâOracle Corp. reported a 16 per cent rise in quarterly net income yesterday as the world&#39;s second-largest software company benefited from steady demand for its flagship database software.
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Biogen Idec Inc.  said on Thursday that fourth-quarter earnings rose on higher sales of its cancer and multiple sclerosis drugs.
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Guidant Corp., a maker of cardiac pacemakers and defibrillators, said Thursday that third-quarter earnings, excluding items, rose on slightly higher sales to beat Wall Street expectations.
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Profit rose 34 percent, bolstered by AOL asset sales in Europe, a rise in digital cable and phone customers, and online advertising sales.
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The retailer reports strong earnings and lifts its outlook.
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The food maker General Mills reported a slightly higher profit in its latest quarter on Wednesday, as stronger sales offset rising costs for ingredients and price increases did not faze consumers.
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Profits got a boost despite sluggish sales from the challenging environment.
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Lehman Brothers Holdings Inc. LEH.N   said on Wednesday that third-quarter earnings rose more than   analysts expected, as trading and investment management revenue   jumped.