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    Last update: December 22, 2009

    +Updates, advisories and surprises
      A roundup of the latest corporate earnings reports and what companies are saying about future quarters.

    +KLA-Tencor profit drops 35%
      SAN FRANCISCO (MarketWatch) -- KLA-Tencor Corp. reported a 35% decline in first-quarter profit, citing weaker demand.

    +House passes expanded kids' insurance bill
      WASHINGTON (MarketWatch) -- The U.S. House passed an expansion of the State Children's Health Insurance Program Thursday evening, despite a new veto threat and continued opposition from many Republican representatives.

    +US Airways, Alaska Air return to profit
      SAN FRANCISCO (MarketWatch) -- US Airways Group returned to a profit in the third quarter as diminished fuel costs and growing traffic led to a turnaround, the country's fifth-largest carrier said Thursday.

    +Microsoft earnings jump 23%, beating forecasts
      SAN FRANCISCO (MarketWatch) -- Microsoft Corp. on Thursday said earnings for the fiscal first quarter jumped 23% amid strong revenue growth, solidly beating the forecasts of Wall Street analysts.

    +Asian commodity stocks may rise on strong metals
      SAN FRANCISCO (MarketWatch) -- Asian commodity stocks are likely to rise on Friday after prices of gold and other metals gained ground, but record-high crude-oil prices could weigh on broader markets amid fears about the impact on growth and profits.

    +Hartford quarterly net climbs 12%; results top analyst estimates
      SAN FRANCISCO (MarketWatch) -- The Hartford Financial Services Group Inc. reported a 12% increase in third-quarter earnings late Thursday as strong variable annuity and mutual fund sales helped the insurer's results exceed analyst expectations. The company also raised its full-year profit estimate.

    +Energy stocks rise as oil futures hit fresh record
      NEW YORK (MarketWatch) -- Natural gas stocks led gainers in the energy sector Thursday as investors sifted through another batch of earnings reports from major players in the industry and rising tensions in the Middle East pushed oil prices to a record high.

    +US Airways considers frequent flier spinoff; CEO issues caution
      SAN FRANCISCO (MarketWatch) -- US Airways joined the swelling ranks of senior airline executives considering spinning off their frequent flier programs, though the carrier's chief executive Thursday cautioned that he remained "skeptical" of the benefits of such a deal until major industry mergers occur.

    +Aetna profit rises by 4.3%, year view boosted
      NEW YORK (MarketWatch) -- Shares of Aetna Inc. hit an all-time high on Thursday after the health insurer posted a 4.3% increase in third-quarter profit, boosted by membership growth and premium increases, and raised its forecast for the year.

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