Stock Market News Briefs: American International Group, Inc., Genuine Parts Company, Goldman Sachs Group, Inc. (The), Kimberly-Clark Corporation, Pepsico, Inc., Tiffany & Co., UBS AG, Waddell & Reed Financial, Inc., Williams-Sonoma, Inc.
- AIG (NYSE:AIG) former CEO Greenberg reached a deal with UBS (NYSE:UBS) to sell most of his shares in AIG, an estimated 10 million shares, for $278.2 million
- Kimberly-Clark (NYSE:KMB) said it continues to see full-year earnings of $4.80-$5.00
- FBR raised its rating on Waddell & Reed (NYSE:WDR) to “outperform” from “perform,” taking the price target from $36 to $40
- PepsiCo (NYSE:PEP) begins its two-day investor conference saying that earnings for the year will be up 11-13 percent
- Goldman Sachs (NYSE:GS) upgraded Genuine Parts (NYSE:GPC) from “neutral” to its Conviction Buy List, raising the price target to $48 from $45
- Williams-Sonoma (NYSE:WSM) posted better-than-expected fourth quarter earnings of 86 cents a share, up from Zacks estimates of 73 cents and last year’s 31 cents on revenues of $1.09 billion, versus Zacks estimates of $1.07 billion
- Tiffany & Co (NYSE:TIF) reported fourth quarter earnings of $1.09 a share, below Zacks projections of $1.14 a share, versus 85 cents a year earlier, on better-than-expected revenues of $981.4 million, up from Zacks estimates of $965 million. The company said it sees full-year earnings of $2.45 to $2.50 a share