Earnings Roundup: McClatchy, Biogen Idec

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NEW YORK (AP) McClatchy Co. swung to a profit following losses a year ago on the sale of its Minneapolis newspaper, but the publisher also said it would take a charge to reflect a sharp decline in its stock price.

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BOSTON (AP) Biogen Idec Inc. on Wednesday said its fourth-quarter profit jumped 84 percent on strong sales of the company's two leading drugs, and a gain from a multiple sclerosis drug that returned to the market after being temporarily withdrawn over safety concerns.

BELOIT, Wis. (AP) Regal Beloit Corp., which makes motion control and power generation products, said Wednesday its fourth-quarter earnings rose 5 percent, as soaring electrical revenue countered weak HVAC demand.

NEW YORK (AP) Time Warner Inc., the world's largest media conglomerate, reported a 41 percent decline in fourth-quarter profits Wednesday following a big gain last year from the sale of AOL's European online access business.

STERLING, Va. (AP) NeuStar Inc., a provider of clearinghouse services for communications companies, said Wednesday its fourth-quarter earnings rose 59 percent because of a sharp increase in infrastructure revenue.

LOS ANGELES (AP) The company that Mickey built owes much of its recent success to its slew of cable and television brands, including ESPN and its "High School Musical" and "Hanna Montana" franchises.

NEW YORK (AP) Barry Diller's IAC/InterActiveCorp reported Wednesday that it lost $369.9 million in its fourth quarter, due to higher taxes, difficulty in its mortgage referral unit and costs for proposed spinoffs that would make five companies out of one. Its shares tumbled 4 percent in morning trading.