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• Motorola's Earnings Climb as Revenue Stabilizes
  
  Motorola Inc. on Thursday reported a sharply higher profit for the second quarter and stabilized its long revenue decline as it strategy of focusing on smart phones like the Droid bore fruit.Co-CEO Greg Brown said he expect the company to post a revenue increase for the...
• Northrop Grumman Raises View as Profit Soars
  Defense contractor Northrop Grumman Corp. said Thursday its second-quarter earnings nearly doubled, partly due to a tax benefit, and it raised its outlook for the year.Northrop shares rose 63 cents to $59.02 in morning trading.The company reported net income of $711...
• Southwest Air Revenue Soars 21 Percent
  
  Southwest Airlines Co. added an upbeat note to a strong quarter for the airline industry by reporting a $112 million profit for spring and early summer.The nation's biggest discount airline said Thursday that its adjusted earnings were 29 cents per share in the second...
• Kellogg's Net Falls 15 Percent on Recall Costs
  
  Kellogg Co. says fallout from a massive cereal recall and slowing sales of its Eggo frozen waffles dragged down its second quarter results by 15 percent.The results were below analyst expectations. Kellogg also lowered its full-year outlook.The food maker reported Thursday...
• Toyota Recalls 412,000 Cars for Steering Problems
  
  Toyota is recalling 412,000 passenger cars, mostly the Avalon model, in the U.S. for steering problems in which three accidents have been reported, the automaker said Thursday.The 373,000 Avalons being recalled range from the 2000 model year through to 2004 and have...
• Panasonic to Buy Out Sanyo, Panasonic Electric
  Panasonic is planning to take 100 percent ownership of its subsidiaries Sanyo Electric and Panasonic Electric Works in a move costing up to $9.4 billion to strengthen green businesses such as electric cars and solar panels.Japan's biggest consumer electronics maker said in...
• Avis Offers $1.33 Billion for Rival Dollar Thrifty
  Avis Budget Group Inc. said Wednesday it has offered $1.33 billion in cash and stock for rival rental-car operator Dollar Thrifty Automotive Group Inc.The bid is an effort to trump Hertz Global Holdings Inc., which in April said it was buying Dollar Thrifty for about $1.17...
• Arcelor Turns $1.7 Billion Profit on Higher Sales
  
  ArcelorMittal SA, the world's biggest steelmaker, said Wednesday a jump in sales and prices helped it generate net income of $1.7 billion in the second quarter, up from a loss of $792 million a year earlier.It also said it plans to sell its stainless steel unit.The result...
• ConocoPhillips' Earnings Double on High Oil Prices
  
  ConocoPhillips said Wednesday its second-quarter income more than doubled as oil prices increased and refining margins jumped.The Houston oil company reported earnings of $4.16 billion, or $2.77 per share, for the second quarter. That compares with $859 million, or 57 cents...
• Kodak Trims Loss but Film Sales Continue Plummet
  
  Robust inkjet printer sales and fewer charges narrowed Eastman Kodak Co.'s loss to $168 million in the second quarter, but its slumping film business cast a shadow over the photography pioneer's prolonged digital transformation.Kodak's adjusted earnings fell short of Wall...
• CVS Trims Forecast After Profit Falls 7 Percent
  
  CVS Caremark Corp. said Wednesday it struck a large pharmacy benefit management services contract with health insurer Aetna Inc., but shares fell in premarket trading after the pharmacy chain reported weaker earnings and trimmed its profit forecast.CVS Caremark's net income...
• Boeing Profit Falls 21 Percent as Revenue Drops
  
  Boeing Co. says its second-quarter profit dropped 21 percent, as revenue fell in both its commercial airplane and defense units.Boeing also says that the first delivery of its new 747-8 may slip into early next year. It has already said the same thing about its new 787. It...
• Comcast Profit Dips on NBC Universal Deal Costs
  
  Comcast Corp. reported an 8.6 percent drop in second-quarter earnings Wednesday partly because of costs related to its pending takeover of NBC Universal, yet it saw improvements in advertising and demand for pricier television services.The nation's largest cable TV provider...
• Corning Posts Higher Net Income as Sales Climb
  
  Corning Inc. posted a sharp increase in its second-quarter profit Wednesday thanks to strong sales of its glass for flat-panel televisions and mobile devices.The world's biggest maker of liquid-crystal-display glass earned $913 million, or 58 cents per share in the...
• US Steel Talks of Hurdles Ahead After Loss
  United States Steel Corp. on Tuesday said there are some hurdles ahead for the global steel industry, as it gave a shaky outlook for the current quarter after posting a second-quarter loss.The loss was far smaller than a year ago as sales more than doubled. For the current...
• Lockheed Tops Street Estimates, Lifts Forecast
  Defense contractor Lockheed Martin Corp. said Tuesday that its second-quarter profit rose 12 percent thanks to stronger military hardware sales and a gain from plans to sell off a business unit.Earnings from the nation's biggest supplier of military equipment beat Wall...
• DuPont Profit Soars as Sales Jump, Costs Fall
  Chemical maker DuPont Co. said Tuesday its net income nearly tripled in the second quarter as sales surged in most of its businesses, and costs decreased.DuPont's net income rose to $1.16 billion, or $1.26 per share, from $417 million, or 46 cents per share. DuPont earned...
• BP Replaces Hayward, Reports $17 Billion Loss
  
  BP's embattled Chief Executive Officer Tony Hayward will be replaced by American Robert Dudley on Oct. 1, the company said Tuesday, as it reported a record quarterly loss and set aside $32.2 billion to cover the costs of the devastating Gulf of Mexico oil spill.BP said the...
• FedEx Boosts Forecast for Current Quarter, Year
  In another sign of confidence in the global economy, FedEx Corp. on Monday raised its earnings outlook for the current quarter and full year.The world's second-largest package delivery company said an overall boom in air and truck shipments is being driven by its speedy...
• Google Unveils Government Version of Software
  
  Google Inc released a special version of its Web-based productivity software designed to meet stringent U.S. government security requirements, as the Internet search giant seeks to outmaneuver rivals in the race to provide federal and state agencies with new...
• United Tech Planning Another 1,500 Job Cuts
  
  United Technologies Corp. says it plans to cut another 1,500 jobs through 2011 after eliminating 900 positions in the first half of this year. The parent company of jet engine manufacturer Pratt Whitney, Otis elevator, Sikorsky Aircraft and other businesses said Monday...
• Ford New Explorer Breaks With Tradition
  The Ford Explorer, the hulking family-hauler that helped launch the SUV boom inthe early 1990s, is back. And it hopes to define a new generation of morestreamlined, fuel-efficient sport utility vehicles.Ford begins a marketing campaign Monday for the 2011 FordExplorer,...
• Deutsche Bank Investment Bank Overhauled
  
  Anshu Jain tightened his grip on Deutsche Bank's investment bank by installing a 15-member management team of mostly company veterans, a day before the lender is due to publish its second-quarter earnings. The changes introduced by Jain, who is favourite to succeed Josef...
• Europe Starts Antitrust Inquiries Against IBM
  
  The European Commission started two antitrust investigations on Monday against the American computer company International Business Machines Corporation, saying that I.B.M. might have abused its dominant position on the mainframe computer market. One investigation...
• Goldman's Derivatives Business May Be Scrutinized
  
  Financial Crisis Inquiry Commission, a U.S. panel investigating the causes of the financial crises, may bring in outside accountants to scrutinize Goldman Sach's systems for data on its derivatives business, the panel's chairman told the Financial Times. The commission...

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