KeyCorp's fourth-quarter profit declined 38% after suffering a deeper-than-expected slump in revenue. Regions Financial swung to a fourth-quarter loss, as it booked a hefty write-down.

SPX struck a deal to sell its service-solutions business to German auto-parts maker and engineering firm Robert Bosch for $1.15 billion in cash.

European Aeronautic Defence & Space is hungry for more acquisitions in its efforts to reduce exposure to the U.S. dollar and dependence on Airbus.

EMC eased fears of slowing business spending on technology by reporting its best-ever fourth quarter and issuing an optimistic view for 2012, saying demand for storage products remains strong.

Coach said strong demand for its luxury handbags and accessories in North America helped its fiscal second-quarter profit rise nearly 15%.

DuPont's earnings dipped slightly on higher costs as the chemicals giant reported weaker volume.

HSBC said it is selling its Costa Rica, El Salvador and Honduras businesses to Colombian banking group Banco Davivienda for $801 million.

Morgan Stanley appointed 210 managing directors, down 9.5% from a year ago, as the firm grapples with challenging business conditions and tighter regulations.

STMicroelectronics warned that the woes of Nokia, its biggest client, would continue to haunt the European chip maker into 2012.

Refiner Petroplus announced plans to file for insolvency after talks with its lenders to unblock credit lines failed.