Stock Futures Rise Ahead of Nonfarm Payrolls Report
AIG on Thursday said after-tax operating income for its combined insurance operations was $1.9 billion during the second quarter, increasing from $1.5 billion a year earlier.
During the second quarter, the insurance giant repaid all the loans it owed to the Federal Reserve as part of bailout funding it received in 2008 and 2009.
Procter & Gamble(PG) , the consumer products giant, reported a 45% increase in fiscal fourth-quarter net income, helped by the sale of its snacks division. Excluding special items, earnings came in at 82 cents a share, exceeding analysts' estimates of 77 cents a share.
Revenue fell by 1% to $20.21 billion, missing the Wall Street target of $20.26 billion by a bit, amid higher commodity costs and a strong dollar.
LinkedIn(LNKD) , the social networker, met Wall Street earnings expectations for its second quarter, but beat on the top line.
LinkedIn reported Thursday second-quarter earnings of 16 cents a share on revenue of $228.2 million. Analysts were expecting profit of 16 cents a share on revenue of $216.28 million.
LinkedIn said it expects third-quarter sales of $235 million to $240 million. Analysts expect $236.1 million.
Toyota(TM) on Friday posted profit for the April-June quarter of 290.3 billion yen ($3.7 billion), up from 1.1 billion yen a year earlier, and the automaker raised its sales target for the year.
Toyota said it expects sales in 2012 of 9.76 million vehicles, up from 7.95 million vehicles sold in 2011.
Oracle won a trial on the same issues two years ago and was awarded $1.3 billion in damages. A judge threw out the award, but the latest agreement clears the way for Oracle to ask an appeals court to restore the $1.3 billion jury award, according to reports.
Bain Capital and Thomas H. Lee Partners are among several parties that have put in initial bids for McGraw-Hill's(MHP) education business, sources told Reuters, which could value the world's second-largest education company by sales at around $3 billion.