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Avery Dennison Corp. (AVY) on Friday reported a 38 percent decline in profit for the second quarter from last year as higher expenses more than offset an increase in revenues. However, adjusted earnings per share from continuing operations for the quarter beat analysts' expectations, while revenues...

Aerospace and industrial manufacturer Barnes Group, Inc. (B) Friday reported a sharp fall in second-quarter profit, as the prior-year benefited from a gain from discontinued operations. Net sales grew about 20 percent from last year. Adjusted earnings met analysts' expectations, while revenues came above...

Ambac Financial Group Inc. (AMBC) announced Friday that its principal financial guarantee subsidiary, Ambac Assurance Corporation , has finalized a settlement with the City of Detroit regarding its insured limited tax general obligation or "LTGO" bonds. The LTGO settlement is comprised of new LTGO...

Beer brewer Molson Coors Brewing Co. (TAP, TAX-A.TO) announced Friday that Chief Executive Officer Peter Swinburn has decided to retire at the end of 2014 after being at the helm of the company since 2008. "On behalf of the Board, I want to thank Peter for his extraordinary contributions over the...

Electric and natural gas utility DTE Energy Co. (DTE) on Friday reported an 18 percent increase in profit for the second quarter from last year, reflecting higher earnings at its electric utility. Adjusted earnings for the quarter missed analysts' expectations, while revenues beat their estimates....

Tool maker Stanley Black & Decker, Inc. (SWK) Friday reported a rise in second-quarter profit, amid marginal increase in sales and improved margins. The company also raised its earnings per share outlook for full year 2014. For the second quarter, net earnings attributable to common share owners increased...

Fomento Económico Mexicano, S.A.B. de C.V. or FEMSA (FMX) said its second-quarter net consolidated income dropped by 12.1% to Ps. 4.46 billion, from Ps. 5.08 billion a year ago, hurt by higher financing expenses on bonds issued recently by Coca-Cola FEMSA, a decline in FEMSA's reported 20% participation...

RSP Permian, Inc. (RSPP), an independent oil and natural gas company, Friday said it will buy certain undeveloped acreage and oil and gas producing properties located in Glasscock County for nearly $259 million in cash, through separate transactions. The company expects the deals to add to its cash flow...

Contract electronics manufacturer Jabil Circuit Inc. (JBL) announced that its board has authorized the repurchase of up to $100 million worth of shares of the Company's common stock. This share repurchase program expires on August 31, 2015. The company's current repurchase authorization of $200 million...

STMicroelectronics (STM), a global semiconductor leader serving customers across the spectrum of electronics applications, Friday said it has opened a new MEMS Microphone Lab in Taiwan to test and analyze high-performance audio applications built with ST's MEMS microphones. ST's new advanced MEMS...

Molson Coors Brewing Co. (TAP, TAP-A, TAP) Friday said that after a 40-year career in the beer business, Peter Swinburn, Chief Executive Officer and President, has decided to retire from the company and its Board of Directors on December 31. The Board has named Mark Hunter, currently CEO and President...

Medical device maker Covidien Ltd. (COV), which is in a deal to be bought by larger rival Medtronic, Inc. (MDT), reported Friday a profit for the third quarter that decreased from last year, despite sales growth, reflecting significantly lower operating margins. Adjusted earning per share topped analysts'...

NuStar Energy L.P. (NS) reported second quarter net income applicable to limited partners of $43.6 million or $0.56 per unit, up from $21.6 million or $0.28 per unit, earned in the second quarter of 2013. Analysts polled by Thomson Reuters expected the company to report earnings of $0.46 per share for...

MYOS Corp. (MYOS), an emerging biotherapeutics and bionutrition company, Friday said it has signed an extension of its supply agreement with Deutsches Institut fuer Lebensmitteltechnik e.V or DIL, the German Institute for Food Technologies, for the continued manufacturing and supply of Fortetropin, the...

Avery Dennison Corp. (AVY), a provider of labeling and packaging materials and solutions, Friday reported a decline in its second-quarter net earnings to $42.5 million from $68.8 million last year. Earnings per share reduced to $0.44 from $0.68 in the year-ago period. For the quarter, net earnings...