Dominion 2nd Quarter Net Down 23% on Mild Weather, Low Merchant Margins
Dominion Resources Inc.'s (D) second-quarter earnings fell 23% as the energy company faced milder-than-normal weather in its regulated electric service territory and lower merchant margins.
Futures Tick up as Traders Brace for News Deluge
U.S. stock-index futures climbed mildly on Wednesday as traders awaited several key pieces of economic data and a policy decision from the Federal Reserve.
Lenovo Executive: Talk of Interest in Nokia `Must be a Joke' -Reuters
Gianfranco Lanci, head of Lenovo Group Ltd.'s (LNVGY) Europe, Middle East and Africa operations, on Wednesday dismissed talk that the Chinese company is contemplating a bid for Nokia Corp. (NOK), Reuters reported on its website.
Broadband Growth ups Comcast Profit 32%
Comcast Corp.'s (CMCSA, CMCSK) second-quarter net profit increased 32% as growth at its broadband, business services and advertising divisions helped support more modest revenue gains at the cable distributor's video subscription business.
UK Drug Company Shire Posts Healthy Second-Quarter Profit Rise
U.K. drug company Shire PLC (SHP.LN) Wednesday posted a strong rise in second-quarter profit, boosted by a solid performance in its attention deficit hyperactivity disorder treatments in the U.S. and by new patient demand for its enzyme replacement therapies.
Time Warner 2nd Quarter Profit Drops 33%
Time Warner Inc.'s (TWX) second-quarter earnings tumbled 33% as the media company's film and TV entertainment and publishing segments saw double-digit declines in adjusted profit.
German Government: Cabinet Unanimous in Opposing ESM Banking License
Germany's cabinet is unanimous in its opposition to a banking license for the European Union permanent bailout fund, the European Stability Mechanism, deputy government spokesman Georg Streiter said Wednesday.
Harley-Davidson Revs Up 29.7% Jump in Profit
The motorcycle maker reported second-quarter earnings of $247.3 million as revenue rose 14.6% to $1.73 billion.
Burger King Posts Rise in Quarterly Profit
The Whopper maker reported a net income of $48.2 as revenue slid 9% in the second quarter.
Avon Profit Skids 70% as More Reps Leave
The cosmetics company posted a net profit of $61.6 million on revenue of $2.59 billion for the second quarter.