Earnings Roundup: Valero Energy, Paccar

SAN ANTONIO (AP) Oil refiner Valero Energy Corp. reported fourth-quarter earnings of $567 million Tuesday, about half the profits earned during the same period last year, as margins were squeezed by higher crude prices.

BELLEVUE, Wash. (AP) Paccar Inc., which makes Kenworth, Peterbilt and DAF trucks, said Tuesday fourth-quarter earnings declined 31 percent as slumping housing and automotive markets curbed demand.

DUBLIN, Ohio (AP) Cardinal Health Inc. Tuesday reported better-than-expected results for its fiscal second quarter, but the health care products and services provider lowered its full-year 2008 earnings guidance, citing several factors hurting its largest operating segment.

NEW YORK (AP) JetBlue Airways Corp. shares jumped more than 11 percent Tuesday after the discount carrier reported a narrower than expected loss in the fourth quarter, its first full-year profit in three years and said it is negotiating a commercial agreement with investor Deutsche Lufthansa AG.

OVERLAND PARK, Kan. (AP) Waddell & Reed Financial Inc.'s profit jumped 17 percent in the fourth quarter as clients entrusted more money to the investment manager, the company said Tuesday.

MINNEAPOLIS (AP) Northwest Airlines Corp. posted a narrower fourth-quarter loss Tuesday, beating Wall Street's forecasts despite higher fuel costs.