Utilities say grid can handle rechargeable cars

Recharge

Which draws more juice from the electric grid, a big-screen plasma television or recharging a plug-in hybrid car? The answer is the car. But the electricity drawn by plasma televisions is easing the minds of utility company executives across the nati...

AT&T Inc. reported second-quarter financial results on Wednesday that contained signs that the weak economy is catching up to its previously steady results, but investors were pleased. (Jul 23)

Costco Wholesale Corp. said Wednesday fiscal fourth-quarter and full-year profit will miss Wall Street expectations, as the warehouse club operator expects higher energy costs to crimp its bottom line. (Jul 23)

Earns PepsiCo

Snacks and drinks company PepsiCo says its profit rose 9 percent in the second quarter on strong international growth that was further boosted by the weak dollar. (Jul 23)

Household appliance maker Whirlpool Corp. said Wednesday its profit fell 27 percent in the second quarter because of higher material and oil-related costs, and lower U.S. demand. (Jul 23)

Olympic Advertising

The weak U.S. dollar has not dissuaded Americans from planning trips abroad this year, but they may be heading to destinations closer to home, according to a survey released Thursday by Visa Inc. (3:54 AM EST)

Kumba Iron Ore , Africa's top producer of iron ore, posted 8.90 rand in first-half earnings per share up from 5.02 rand a year-ago, and forecast strong Chinese demand would boost sales. Kumba, a unit of Anglo American Plc , earlier th... (3:34 AM EST)

South Africa-focused metals miner Aquarius Platinum said on Thursday that fourth-quarter mine production fell marginally after it was hurt by industrial relations problems. Attributable production in the period fell to 109,86... (3:28 AM EST)

Earnings

Defense contractor Raytheon Co. reports second-quarter earnings on Thursday before the opening bell. The following is a summary of...

M&A

Network equipment maker Cisco Systems Inc. on Wednesday said it intends to buy Pure Networks, which makes home networking-manageme...

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