INTERNATIONAL MARKETS NEWS

Asian-Pacific benchmarks finished mixed. The Nikkei dipped 2% in the morning but economic data, which supported industrial shares, helped the index to erase some of the losses and close 1.1% below the flat line. Taiwan Weighted index declined 0.5%. Among the gainers, Shanghai Composite rose 1% and South Korea’s Kospi reversed from losses to surge 1.85% after the Bank of Korea raised interest rate and institutional buying lifted banks and automotives.

European stocks lost ground Friday, erasing yesterday’s gains on weak energy and tech stocks and little corporate news. Lackluster close on Wall Street also hurt sentiment. The German DAX 30 lost 0.6%, the French CAC 40 fell 0.4%, and London’s FTSE 100 slipped 0.6%.

OIL, METALS, CURRENCIES

Crude oil prices eased back on falling fuels demand. Light sweet crude for March delivery fell 12 cents to $62.50 a barrel. Heating oil was steady at $1.6067 a gallon. Gasoline traded at $1.5147. Natural gas gained 2 cents to $7.455 per 1,000 cubic feet.

European gold traded lower Friday. In London gold fell to $558.75 bid per troy ounce from $559.60. In Zurich the precious metal traded at $558.03, down from $559.10. In Hong Kong gold climbed $3.10 to close at $559.5. Silver opened at $9.49, down from $9.56.

The U.S. dollar lost ground against other major currencies. The euro was quoted at $1.1972, up from $1.1970. The dollar bought 117.46 yen, down from $118.82. The British pound stood at $1.7470, up from $1.7398.

EARNINGS NEWS

SCANA Corp, (SCG: chart), electricity and natural gas company, reported earnings of 65 cents a share, up from 37 cents a share in the year-ago period on higher margins on sales of electricity and natural gas, beating analysts’ forecasts of 60 cents a share.

Caraustar Industries Inc, (CSAR: chart), recycled paperboard company, reported a Q4 loss from continuing operations of $1.24 a share, down from an equivalent profit of 29 cents a share a year-ago. If not for items such as $40.3 million in restructuring and impairment costs, the company earned a penny per share in Q4, in line with analyst estimate. Sales inched down to $211 million in Q4 from $211.7 million in the same period a year ago.

Diagnostic Products Corp, (DP: chart), immunodiagnostic systems and immunochemistry producer, reported Q4 earnings of 43 cents a share, up from a profit of 37 cents a share a year-ago on 4% sales growth. The company announced that sales of its Immulite reagent products rose 6% to $95.4 million in Q4.

Arch Coal Inc, (ACI: chart), coal-mining company, reported a Q4 loss of 2 cents a share, down from a net income of 32 cents a share in the year-ago period. The company incurred one-time items in Q4 of 2005, including a gain from asset sales and charges for a mine fire in Colorado and a legal settlement in West Virginia, without which the company’s income would have been 25 cents a share, still missing analysts forecast for earnings of 29 cents a share.

Visteon Corp, (VC: chart), automotive systems supplier, reported Q4 earnings of $10.25 a share, reversing from a year-earlier loss of $1.10 a share. Q4 results included a gain of $1.8 billion related to an asset sale, $335 million in asset impairment charges, and $28 million in restructuring expenses. The year-earlier period included restructuring expenses of $41 million. Sales declined in Q4 to $2.87 billion from $4.52 billion in the same period a year ago.

Avista Corp, (AVA: chart), energy company, reported Q4 net income of 52 cents a share, up from 46 cents a share a year-ago. Avista confirmed its forecast for 2006, for consolidated earnings to be in the range of $1.30 to $1.45 a share.

Coventry Health Care Inc, (CVH: chart), managed health care company, reported Q4 earnings of 77 cents a share, up from a profit of 67 cents a share a year-earlier on revenue growth. If not for a loss related to Hurricane Katrina, the company posted a profit of 81 cents a share, beating analysts’ expectations for a profit of 80 cents a share.