Earnings Report

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.

CBS, owner of the most-watched broadcast network, said revenue improved 11.5% in the fourth quarter.

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 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.

Swiss food and beverage giant Nestle says it's ending its agreement with the well-heeled Bettencourt family of France over the L'Oreal cosmetics empire and is exploring options for its Gerber Life Insurance business.

Cisco reported its first rise in quarterly revenue in more than two years.

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.

Molson Coors Brewing Co. (TAP) on Wednesday reported fourth-quarter net income of $588.8 million.

Hotel operator Hilton Worldwide Holdings reported a 24 percent rise in quarterly revenue on Wednesday, as more people booked its rooms at higher prices.

Credit Suisse says it narrowed its fourth-quarter loss as pre-tax income swung into the black, while the Swiss bank predicted a positive impact from the U.S. tax reform in the future.

Credit Suisse on Wednesday posted a smaller-than-expected annual loss mostly due to U.S. tax reform, keeping the bank from its first year in the black since launching a turnaround plan in 2015.

Chief Executive Brad Dickerson said adjusted earnings before interest, tax, depreciation and amortization could turn positive as soon as the fourth quarter of this year, as it increases revenue and cuts capital spending and administrative costs.

PepsiCo is reporting better-than-expected revenue and profits for the fourth quarter as CEO Indra Nooyi attempts to shift the company's focus back to its best-known products.

The company reported fourth-quarter loss of $87.9 million, or 20 cents per Class C share, in the quarter ended Dec. 31.

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.

PepsiCo's sales topped Wall Street forecasts in the fourth quarter, led by higher demand at its Frito-Lay business that makes Doritos and Cheetos.

Shares in fast-food company Restaurant Brands rose Monday after it reported booming sales growth at its Burger King chain thanks to value meals and new menu items, such as a bacon burger.

Stocks that moved substantially or traded heavily on Friday: FedEx Corp., down $3.95 to $235.32

21st Century Fox, the parent company of FOX Business, posted quarterly earnings that narrowly beat expectations on Wednesday after a tumultuous week on Wall Street.

Danish shipping and oil group A.P. Moller-Maersk says it made a fourth quarter profit of $386 million, up from a loss of $2.7 billion a year earlier, as revenue rose to $8.2 billion from $7 billion.