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From DealingFloor:

** TRADING HEADLINES **

- Credit Suisse Net Rises 15 Percent, Missing Analyst Estimates; Sales Climb
- Mittal, Bidding for Arcelor, Has Profit Drop on Higher Raw Materials Costs
- Total Earnings Rise 16 Percent on Oil Prices, Escape From Hurricane Damage
- BNP Paribas Earnings Jump 23 Percent, Beating Estimates, on Derivatives
- ABB’s Kindle to Report Fourth-Quarter Profit on Middle East, U.S. Orders
- Air France-KLM’s Spinetta May Say Profit Jumped on Demand for U.S. Flights
- U.K. Jobless Claims Probably Rose for 12th Month in January, Survey Shows
- Japan Air, Cathay Say They Are Part of EU and U.S. Airline Cargo Inquiry

** IN PLAY TODAY **

- Credit Suisse Group said fourth-quarter profit rose 15 percent,missing
analysts’ estimates as compensation expenses and costs to expand the private
bank increased. Net income rose to 1.1 billion Swiss francs ($840 million), or
95 centimes, from 959 million francs, or 80 centimes, a year earlier. Profit
missed the 1.24 billion-franc estimate of eight analysts surveyed by Bloomberg.
Revenue rose 10 percent to 14.2 billion francs and costs increased 26 percent to
7.7 billion francs.

- Mittal Steel Co.said fourth-quarter profit fell on rising raw material costs
and a decline in steel prices. Net income in the three months ended Dec. 31
dropped to $650 million, or 92 cents a share, compared with $1.55 billion,
or $2.42 a share, a year ago, the Rotterdam-based company said in a statement to the Amsterdam Stock Exchange today. Steel prices were 9 percent lower in the
fourth quarter than a year earlier, Mittal said.

- Total SA said fourth-quarter profit climbed 16 percent because the company
benefited from near-record crude prices and suffered less damage than
competitors from hurricanes along the U.S. Gulf coast.Profit excluding changes
in the value of a stake in Sanofi- Aventis SA rose to 3.05 billion euros from
2.64 billion euros in the year-earlier period, the Paris-based company said
today. That trailed analysts’ estimates. Net income fell 37 percentto 2.34
billion euros as it didn’t repeat the same gain from its holding in the French
drugmaker.

- BNP Paribas reported a 23 percent gain in fourth-quarter profit, helped by
higher revenue from equity derivatives and increased earnings from consumer
lending in the U.S.Net income was 1.34 billion euros, up from 1.09 billion euros
in the year-earlier period. Profit beat the 1.27 billion-euro median estimate
Revenue rose 18 percent to 5.62 billion euros.

- BHP Billiton, the world’s largest mining company, may rise after saying it
will buy back $2 billion of shares and increase its dividend.

- Chemicals companies may benefit from crude oil trading at the lowest price of the year.

- Groupe Danone said profit almost tripled last year, boosted by a gain on the
disposal of its HP sauces unit. Net income rose to 1.46 billion euros from 449
million euros in 2004. Analysts had expected profit of 1.47 billion euros,
Sales grew 6.1 percent.

Source: Wednesday AM Market View From Europe