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Earnings Report

Stock markets on track for best week in 6 years

World shares were set to post their best week of gains in six years on Friday after two consecutive weeks spent in the red, shrugging off a rise in global borrowing costs while the dollar hit its lowest level since 2014.

Italian oil producer Eni sees jump in profits

Italian gas and oil giant Eni says its fourth-quarter profits rose more than five-fold to 2.1 billion euros ($2.6 billion) thanks to higher gas prices and record production.

Cisco repatriating $67B, boosting share buyback program

Cisco raises its buyback program by $25 billion and plans to bring back $67 billion of funds held overseas in the third quarter of fiscal 2018 by taking advantage of the recent changes to the U.S. tax laws.

Sears: 4Q sales drop but it expects a profit

Sears Holdings Corp. says sales dropped during the critical fourth quarter, but the ailing retailer expects to earn a profit, helped by a windfall from U.S. tax reform.

Fannie Mae loses $6.5B in fourth quarter on tax change

Sweeping changes to U.S. tax law led to a $6.53 billion loss at Fannie Mae last quarter, putting the government-controlled mortgage company in the position of seeking cash assistance from taxpayers for the first time since it emerged from the housing crisis six years ago.

Under Armour reports 4Q loss

Under Armour Inc. (UAA) on Tuesday reported a fourth-quarter loss of $87.9 million, after reporting a profit in the same period a year earlier.