financial

FedEx Corp. (NYSE: FDX) reported earnings of $0.76 per diluted share for the third quarter ended February 28, compared to $0.31 per diluted share a year ago. Analysts average $0.72. FDX beats by $0.04.

Third quarter revenue of $8.70 billion, up 7% from $8.14 billion a year ago.

NIKE, Inc. (NYSE: NKE) reported net income was $1.01 per diluted share, compared to $0.50 per diluted share in the same period last year. analysts average $0.89. NKE beats by $0.12.

Third quarter revenues increased 7 percent, from $4.4 billion last year to $4.7 billion in the current year.

Discover Financial Services (NYSE: DFS) reported a net loss -$0.22 per share compared with earnings from the same period last year of $0.25. analysts average $0.12. DFS misses by $0.34.

The company reported a net loss for the first quarter of 2010 of $104 million, as compared to net income of $120 million for the first quarter of 2009.

Microchip Technology Incorporated (NASDAQ: MCHP) announced that based on strong bookings and sales activities quarter to date, it expects net sales for its fourth quarter of fiscal 2010 ending March 31, 2010 to be up about 8% sequentially (up from a previous guidance 3% to 7%). Microchip expects GAAP earnings at 37 cents per share and non-GAAP earnings at 42 cents.

National Semiconductor Corp. (NYSE: NSM) reported 22 cents per diluted share compared with 9 cents per share last year. analysts average $0.18. NSM beats by $0.04

The company reported $345 million in sales, and 24 percent higher than the $292 million reported in last year's third fiscal quarter.

New York and London have been ranked as the joint-top global financial centres, according to research published by the City of London Corporation.

Devon Energy Corporation (NYSE: DVN) announced that it has entered into agreements to sell all of its assets in the deepwater Gulf of Mexico, Brazil and Azerbaijan to BP for $7.0 billion.

Abbott (NYSE: ABT) and Facet Biotech Corporation (Nasdaq: FACT) announced a definitive agreement for Abbott to acquire Facet, enhancing Abbott's early- and mid-stage pharmaceutical pipeline. Abbott will acquire Facet for $27 per share in cash for a net transaction value of approximately $450 million.

Casey’s General Stores, Inc. (Nasdaq: CASY) reported $0.34 in basic earnings per share for the third quarter of fiscal 2010 ended January 31, 2010, compared to $0.28 for the same quarter a year ago. analysts average $0.38. CASY misses by $0.04.

MetLife, Inc. (NYSE: MET) announced today a definitive agreement to acquire one of American International Group, Inc.’s (AIG) international subsidiaries, American Life Insurance Company (ALICO), for approximately $15.5 billion. The consideration will consist of $6.8 billion in cash and approximately $8.7 billion in MetLife equity securities

Equity One, Inc. (NYSE: EQY) announced Fourth quarter FFO were $0.28 per diluted share compared to $0.19 per diluted share last year. analysts average $0.26. EQY beats by $0.02.

The company generated Funds From Operations (FFO) of $24.6 million as compared to for the same period in 2008 of $14.4 million.

Joy Global Inc. (NASDAQ: JOYG), reported $0.73 per fully diluted share, compared to $0.83 per fully diluted share, in the first quarter last year. analysts average $0.64. JOYG beats by $0.09.

Net sales for the quarter were $729 million compared to $755 million in the first quarter of last year, a decrease of 3 percent.

Costco Wholesale Corporation (NASDAQ: COST) announced, excluding items, net income were $.70 per diluted share, compared to $.55 per diluted share last year. analysts average $0.72. COST misses by $0.02

Net sales for the second quarter of fiscal 2010 increased eleven percent, to $18.36 billion, from $16.49 billion during the second quarter of fiscal 2009.

Edison International (NYSE: EIX) reported fourth quarter 2009 core earnings were $0.59 per share compared to $0.66 per share in the fourth quarter of 2008. analysts average $0.41. EIX beats by $0.18

The decline is largely due to lower earnings at Edison Mission Group (EMG), partially offset by higher operating results at Southern California Edison (SCE).

American International Group, Inc.