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Oil refiner and chemical maker Phillips 66 (PSX) on Wednesday reported a 10 percent decrease in profit for the second quarter from last year, reflecting lower earnings at its refining as well as marketing and specialties segments. In addition, the prior-year quarter's results included a gain on asset...

Industrial automation solutions provider Rockwell Automation, Inc. (ROK) reported Wednesday a profit for the third quarter that declined from last year, despite sales growth, hurt by higher adjusted effective tax rate. Both adjusted earning per share and quarterly sales missed analysts' expectations....

Aegerion Pharmaceuticals Inc. (AEGR) announced that it has appointed Craig Fraser as its Chief Operating Officer. Prior to his appointment as COO, Fraser served as President, U.S. and International Commercial and Global Manufacturing and Supply Chain at Aegerion. Before joining to Aegerion, Fraser...

Heartland Payment Systems, Inc. (HPY), a provider of card payment processing services, Wednesday said it has entered into an agreement to acquire TouchNet Information Systems, Inc., an integrated commerce solutions provider to higher-education institutions. TouchNet adds over 600 higher education...

Medical device company Sorin Group Wednesday reported lower profit for the second quarter, reflecting a rise in R&D expenses. The company's net profit was down to 10.0 million euros from 12.9 million euros last year. On an adjusted basis, net profit totaled 10.8 million euros versus 12.9 million...

Public Service Enterprise Group (PEG) Wednesday reported a decline in second-quarter profit, on lower revenues. For full year 2014, the firm expects operating earnings at the upper end of its guidance range. For the quarter, net income declined to $212 million or $0.42 per share from $333 million...

SuperiorIndustries International Inc. (SUP), manufacturer of aluminum wheels for passenger cars and light-duty vehicles in North America, announced Wednesday that it will close its manufacturing facility in Rogers, Arkansas, as part of an initiative to reduce costs and enhance its global competitive...

Electric utility firm Southern Co. (SO) reported Wednesday a profit for the second quarter that more than doubled from last year, which was weighed down by a significant loss on a project. The company noted that earnings were positively influenced by higher industrial sales, normal weather and retail...

CME Group Inc. (CME) Wednesday said it will buy all outstanding shares of GFI Group Inc (GFIG), a provider of trading technologies and products, through a two-step transaction. In the process, the company will also acquire GFI.'s Trayport and FENICS business. CME plans to buy GFI Group in exchange...

PDC Energy Inc. (PDCE) announced that it agreed to sell its fifty percent interest in PDC Mountaineer LLC or "PDCM", a Marcellus Joint Venture, to Mountaineer Keystone Energy, LLC for about $250 million subject to certain purchase price adjustments. PDC's net pre-tax proceeds from the sale, after...

Pharmaceutical and medication delivery company Hospira, Inc. (HSP) reported Wednesday a profit for the second quarter that more than doubled from last year, reflecting lower charges and double-digit sales growth. Both adjusted earnings per share and quarter sales topped analysts' expectations. The...

Bank holding company Cullen/Frost Bankers, Inc. (CFR) Wednesday reported second-quarter net earnings which increased, due mainly to higher interest income. Earnings also topped analysts' estimates by a penny. For the three months to June, net earnings increased to $64.45 million, or $1.02 per share,...

Oando Energy Resources Inc. (OER.TO), a company focused on oil and gas exploration and production in Nigeria, has closed its acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips (COP) for $1.5 billion in cash, after customary adjustments plus a deferred consideration of $33 million. The...

Phillips 66 Partners LP (PSXP) Wednesday reported second-quarter earnings of $32.1 million or $0.41 per common limited partner unit. Earnings before interest, income taxes, depreciation and amortization or EBITDA totaled $37.6 million. Quarterly revenues amounted to $56.9 million, nearly 96...

Cynosure Inc. (CYNO) announced that it has promoted Executive Vice President, Chief Operating Officer and Chief Financial Officer Timothy Baker to President of the Company, effective August 1, 2014. Baker, 53, will continue to serve as CFO and will take the title of President from Michael Davin, who...