Citigroup Inc (C.N) reported its highest quarterly profit in nearly eight years as costs plunged, showing that the bank's efforts to streamline its business may be starting to pay off.

JPMorgan Chase & Co, the biggest U.S. bank by assets, reported a 12.2 percent rise in quarterly profit as revenue from fixed-income trading rebounded.

Goldman Sachs became the top commodities bank last year, overtaking rival JP Morgan, a consultancy said on Friday.

International Business Machines Corp (IBM.N), which ruled computing in the age of the mainframe, is targeting $40 billion in annual revenue from the cloud, big data, security and other growth areas by 2018.

Hewlett-Packard Co (HPQ.N) reported flat or lower quarterly revenue in all its operating units on Tuesday, and forecast full-year earnings well below analysts' expectations due to the strong U.S. dollar.

AAR Corp (AIR.N) said it would sell its cargo handling business, Telair Cargo Group, to TransDigm Group Inc (TDG.N) for $725 million in cash to focus on its aviation services business.

Kraft Foods Group Inc said on Thursday that its chief financial officer would leave her role and two other senior executives would depart from the company, marking the first major changes at the maker of Velveeta cheese and Oscar Mayer meats since its board chairman took over as chief executive in December.

Network equipment maker Cisco Systems Inc (CSCO.O) reported stronger-than-expected quarterly revenue and profit as demand for switching equipment and routers helped to make up for weak spending by the company's traditional telecom customers.

Walt Disney Co's (DIS.N) quarterly revenue and profit topped Wall Street estimates as visits to its theme parks rose and last year's animated film hit "Frozen" drove home video and toy sales.

Yahoo Inc (YHOO.O) plans to spin off its 15 percent stake in China's Alibaba Group Holding Ltd (BABA.N), responding to pressure to hand over to shareholders its prized e-commerce investment valued at roughly $40 billion.