International Business News - Earns http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Regional bank National City Corp. on Thursday reported a huge loss for the second quarter, as mortgage loans soured and it took a big charge related to previous acquisitions. http://www.ibtimes.com/articles/20080724/national-city-posts-1-8b-loss-for-2nd-quarter.htm Thu, 24 Jul 2008 08:17:07 EDT Union Pacific says its second-quarter earnings rose 19 percent as continued productivity improvements offset the effects of rising fuel costs and Midwest floods. http://www.ibtimes.com/articles/20080724/union-pacific-profit-rises-19-percent-beats-views.htm Thu, 24 Jul 2008 08:15:36 EDT Educational publishing company Scholastic Corp. on Thursday reported a fiscal fourth-quarter loss as revenue dipped and the company recorded a large loss from discontinued operations. http://www.ibtimes.com/articles/20080724/scholastic-has-4q-loss-on-discontinued-operations.htm Thu, 24 Jul 2008 08:14:17 EDT Diamond Offshore Drilling Inc., a provider of contract drilling services for energy companies, said Thursday its second-quarter profit soared 65 percent as revenue skyrocketed about 47 percent. http://www.ibtimes.com/articles/20080724/diamond-offshore-2q-profit-jumps-65-percent.htm Thu, 24 Jul 2008 08:13:59 EDT Electrical products and construction materials company Wesco International Inc. said Thursday its second-quarter profit rose slightly, as pricing pressures cut into its margins. http://www.ibtimes.com/articles/20080724/wesco-2q-profit-rises-slightly-on-sales-growth.htm Thu, 24 Jul 2008 08:02:03 EDT Oil producer Occidental Petroleum Corp. says its second-quarter profit rose 62 percent as record crude prices and higher production propelled results. http://www.ibtimes.com/articles/20080724/occidental-petroleum-2q-profit-sets-record.htm Thu, 24 Jul 2008 07:56:20 EDT E.W. Scripps says second-quarter profit fell 48 percent on a sharp revenue decline at its newspaper properties and costs related to splitting off its digital businesses. http://www.ibtimes.com/articles/20080724/scripps-2q-profit-drops-48-percent.htm Thu, 24 Jul 2008 07:54:18 EDT Credit Suisse Group's profit skidded 62 percent from a year ago, but was a major improvement from the loss it posted in the first three months of this year. http://www.ibtimes.com/data/articleimgs/97013-switzerland-earns-credit-suisse.jpg http://www.ibtimes.com/articles/20080724/credit-suisse-profit-falls-62-pct.htm http://www.ibtimes.com/articles/20080724/credit-suisse-profit-falls-62-pct.htm Thu, 24 Jul 2008 07:53:40 EDT Kimberly-Clark on Thursday said its second-quarter profit fell 10 percent, confirming pre-released results that showed it had been hurt by rising gas and distribution costs. http://www.ibtimes.com/articles/20080724/kimberly-clark-2q-profit-falls-10-percent.htm Thu, 24 Jul 2008 08:20:45 EDT Soaring prices and a big gain on a swap of coal reserves pushed International Coal Group back to profitability in the second quarter. Scott Depot-based ICG said Wednesday it earned $12.6 million, or 7 cents per share, in the three months that ended June 30. ICG lost $10.2 million, or 7 cents per share, in the same period of 2007. http://www.ibtimes.com/articles/20080724/international-coal-group-returns-to-profit-in-2q.htm Thu, 24 Jul 2008 07:43:28 EDT Tool maker and marketer Snap-on Inc. said Thursday that growth in emerging markets and higher sales of professional tools in Europe helped lift second-quarter profit nearly 53 percent. http://www.ibtimes.com/articles/20080724/emerging-market-sales-boost-snap-ons-2q-profit.htm Thu, 24 Jul 2008 07:41:14 EDT Southwest Airlines says its profit rose in the second quarter as the company saved money on fuel, and revenue increased 11 percent. The airline said Thursday it earned $321 million, or 44 cents per share, compared to $278 million, or 36 cents per share, a year ago. http://www.ibtimes.com/articles/20080724/southwest-2q-profit-up-sales-rise-11-percent.htm Thu, 24 Jul 2008 07:44:44 EDT Industrial conglomerate 3M says its second-quarter profit rose slightly on strong double-digit growth in international markets. St. Paul, Minn.-based 3M Co. says it earned $945 million, or $1.33 per share, compared with $917 million, or $1.25 per share a year earlier. Net sales are up to $6.74 billion from $6.14 billion a year earlier. Excluding special items 3M says it earned $1.39 per share in the most recent quarter. http://www.ibtimes.com/articles/20080724/international-boosts-3m-2q-results.htm Thu, 24 Jul 2008 07:38:44 EDT Drugmaker Bristol-Myers Squibb Co. on Thursday reported an 8 percent increase in second-quarter profit, beating Wall Street expectations, as the weak dollar boosted foreign sales and several key drugs saw big jumps in U.S. sales. http://www.ibtimes.com/articles/20080724/bristol-myers-squibb-posts-8-percent-profit-jump.htm Thu, 24 Jul 2008 07:31:34 EDT Raytheon Co. says its second quarter earnings fell sharply because of a big one-time gain the company recorded last year. But it says earnings from continuing operations grew 20 percent on higher sales. http://www.ibtimes.com/articles/20080724/raytheon-2q-profit-falls-due-to-gain-a-year-ago.htm Thu, 24 Jul 2008 07:31:30 EDT Drug and medical device maker Eli Lilly says its earnings rose 44 percent in the second quarter as sales growth was helped in part by the weaker dollar. http://www.ibtimes.com/articles/20080724/lilly-2q-earnings-rise-44-pct-as-sales-increase.htm Thu, 24 Jul 2008 07:28:35 EDT Xerox Corp.'s second-quarter profit skidded 19 percent, but matched Wall Street's forecast, as the office-equipment maker was hurt by restructuring charges while its cash-cow supplies and services business hummed along smoothly. http://www.ibtimes.com/articles/20080724/xerox-2q-profit-declines-19-pct-but-meets-views.htm Thu, 24 Jul 2008 07:55:45 EDT Biopharmaceutical company Elan Corp. PLC reported growing sales and narrower losses in its second-quarter report Thursday, citing growing momentum for its multiple sclerosis-fighting drug, Tysabri. http://www.ibtimes.com/articles/20080724/drug-maker-elan-says-2q-sales-grow-30-percent.htm Thu, 24 Jul 2008 07:13:01 EDT Regal Entertainment Group said Thursday a debt retirement loss tugged down quarterly profit, which dropped nearly 74 percent and missed Wall Street expectations. http://www.ibtimes.com/articles/20080724/regal-entertainment-2q-profit-drops-74-percent.htm Thu, 24 Jul 2008 07:08:08 EDT Ford Motor Co. said Thursday it lost $8.67 billion in the second quarter largely because of a reduction in the value of assets. The company also announced that it will bring six European small car models to North America by the end of 2012 as it deals with a market shift from trucks to cars brought on by high gasoline prices. The company also will retool two more North American truck and sport utility vehicle plants to build small, fuel-efficient vehicles. http://www.ibtimes.com/articles/20080724/ford-posts-8-7b-2q-loss-on-asset-write-downs.htm Thu, 24 Jul 2008 07:48:01 EDT