Danish toy maker Lego posted that its last year earnings fell 20% due to higher taxes despite higher sales of its plastic building blocks.

General Mills Inc., the second-largest U.S. cereal maker, raised its fiscal 2008 profit forecast, citing sales growth and cost savings.

Wal-Mart Stores Inc. reported fourth-quarter profit increased more than analysts estimated after it stepped up holiday discounts and added more brands of computers and flat-screen televisions.

Clear Channel Communications’ profit rose 4% in the fourth quarter of 2007 compared to 2006, to $1.84 billion-mostly because of the continuing strong performance of the company's outdoor division, which increased 13% to $936.7 million. This is the first time that Clear Channel Outdoor has gained more than Clear Channel Radio, where profits dropped 3% to $874.6 million.

JP Morgan offered a target price of 51 hkd to Bank of East Asia (BEA) after the lender's 2007 results.

Merck KGaA, the world's biggest maker of liquid crystals for televisions, stated fourth- quarter profit .

The most global U.S.-based food company H.J. Heinz Co. announced that its full-year profit will be near the top of its forecast range.

An American producer of canned soups and related products, Campbell Soup Co., posted lower quarterly profit as the company was hurt by soaring commodity costs.

Abercrombie & Fitch Co. posted that its fourth-quarter profit rose 9.4% on higher Internet sales and purchases at its namesake chain.

The third largest tire company in the world Goodyear Tire & Rubber Co. announced its fourth-quarter profit rose to 52 million dollars, boosted by strong U.S. and international premium tire sales.

Advanced Medical Optics Inc reported the increase of its quarterly net loss, caused by higher costs and acquisition-related charges.

German automaker Daimler AG posted that its net income rose to 4 billion euros (5.83 billion dollars) in 2007 as sales surged to nearly 100 billion euros (145.86 billion dollars) on demand for its upscale sedans and SUVs.