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Glen Pointer
MI, Niles, 1615 Niles Buchanan Rd, 49120
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Pfizer's Profit Rises 25% on Lower Costs; Sales Fall
Drug maker Pfizer Inc. (PFE) reported a 25% increase in second-quarter profit, as lower expenses helped cushion sales erosion from the loss of market exclusivity for blockbuster cholesterol-lowering drug Lipitor.
STREET MOVES: Merrill Lynch Hires Two Barclays Financial Advisers
Bank of America Corp.'s (BAC) Merrill Lynch Wealth Management unit hired Matt Celenza and Larry DiGioia, a team of high-producing financial advisers, from Barclays PLC's (BCS) U.S. wealth business, who worked just four months at the firm.
Cummins' 2nd-Quarter Profit Falls 7.1%; China Revenue Down Sharply
Cummins Inc.'s (CMI) said Tuesday demand for its engines has fallen sharply in China and other overseas markets causing the company's second-quarter profit to slip 7.1% from a year ago.
Southern Copper Makes Slight Changes to Production Forecasts
LIMA, Peru--Southern Copper Corp. (SCCO, SCCO.VL) said Tuesday that it has made minor changes to its production forecasts over the next few years, seeing lower copper output than previously expected.
Entergy Profit Rises; Indian Point Approvals Drag On
Entergy Corp. (ETR) reported higher second-quarter earnings, thanks largely to a tax benefit, and said it remained focused on winning approvals to operate the Indian Point nuclear plant for another 20 years.
Apple Said to Launch New iPhone on Sept. 12
Apple Inc.'s tightly controlled product rollouts usually include scraps of information leaked ahead of big product launches.
U.S. Drought Conditions Worsen
Drought conditions gripping much of the U.S. are worsening for corn and soybean farmers, and the damage is now spreading to cotton fields in the Southwest, the U.S. Department of Agriculture said Tuesday.
Apple Lawyer: Samsung Intentionally Copied iPhone
An Apple attorney told jurors on Tuesday that Samsung's own internal documents show that the South Korean company intentionally copied the iPhone as the multi-billion dollar patent trial gets underway.
Volkswagen to Raise Production at US Chattanooga Plant
Volkswagen AG (VOW.XE) is boosting production at its new U.S. plant in Chattanooga, Tenn., to 180,000 vehicles a year in 2013, the company said Tuesday, which represents an increase of about 20% from the plant's original capacity.
Russia's Rosneftagaz To Buy $1 Billion Power Company Stake -Interfax
Russian state holding company Rosneftegaz will buy a $1 billion stake in a regional power generator, the stake's current owner was quoted by Interfax as saying Tuesday, the first step in what could be its new role consolidating energy assets.
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