Among the companies with shares expected to trade actively in Friday's session are General Electric Co. (GE), American Express Co. (AXP), and Starbucks Corp. (SBUX).

 

General Electric on Friday reported growth in its core earnings and revenue for the fourth quarter, though profit in its industrials business slid on declines in its power and oil-and-gas businesses. Shares of the company slipped 0.9% to $28.33 in premarket trading.

 

American Express on Thursday outlined plans to cut $1 billion in costs as it reported a 38% decline in fourth-quarter profit. The company also gave a disappointing profit forecast for 2017. Shares of American Express fell 5.4% to $59.36 premarket.

 

Starbucks on Thursday offered a weak profit projection for its current quarter, despite posting strong core sales growth at its U.S. cafes and better-than-expected profit for the fiscal first quarter. Shares fell 2.3% to $57.70 premarket.

 

Chesapeake Energy Corp. (CHK) on Friday said it has suspended dividends on its preferred shares as the natural-gas producer moves to conserve cash and pay down its debt. Shares rose 7.6% to $3.82 premarket.

 

Canadian gold miner Barrick Gold Corp. (ABX) on Thursday said it would book up to $3 billion in impairment charges amid continued weakness in the gold market. Shares fell 2.9% to $8.09 premarket.

 

E*Trade Financial Corp.'s (ETFC) fourth-quarter profit more than doubled, partly due to a smaller allowance for loan losses, though the online broker logged a drop in daily average trades.

 

Intuitive Surgical Inc.'s (ISRG) fourth-quarter profit rose 29% amid continued growth in the use of its da Vinci robotic systems for minimally invasive surgery.

 

Boeing Co. (BA) said it plans to halve production rates of its 747-8 plane later this year, the latest step in the decline of the iconic jumbo jet and a fresh signal of persistent weakness in the global air-freight market.

 

Schlumberger Ltd. (SLB), a bellwether in the oil-field services industry, said Thursday it swung to a fourth-quarter loss as revenue fell 39% and the prolonged energy slump continued to pressure pricing and demand for its services from oil producers.

 

Valero Energy Co. (VLO) will boost its quarterly dividend to 60 cents a share, the second 10-cent increase in three months. The yield will be 3.78%, up from 3.2%.

 

Cigna Corp. (CI) said Friday that the Centers for Medicare and Medicaid Services will halt enrollment into its Medicare Advantage and prescription-drug plans, a development that comes as regulatory examination of its acquisition by a rival is under way.

 

Consumer finance company Synchrony Financial (SYF) reported higher profits in its first earnings release after becoming a completely separate company from General Electric.

 

Aerospace company Rockwell Collins Inc. (COL) on Friday posted first-quarter declines in revenue, which was hurt by lower sales in its government-systems segment.

 

Qualcomm Inc. (QCOM) said Chief Executive Steve Mollenkopf's total fiscal 2015 compensation was valued at $10.4 million. Mr. Mollenkopf's 2015 base salary was $1.14 million, up from $1.07 million a year earlier.

 

Write to Jenny Roth at jenny.roth@wsj.com and Maria Armental at maria.armental@wsj.com

 

(END) Dow Jones Newswires

January 22, 2016 09:24 ET (14:24 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
Barrick Gold (NYSE:ABX)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Barrick Gold Charts.
Barrick Gold (NYSE:ABX)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Barrick Gold Charts.