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Specialty glass maker Corning Inc (GLW) Tuesday reported a plunge in second-quarter profit, hurt by one-time expenses, notwithstanding a 25 percent growth in sales. Sales growth was recorded at key segments, partly offset by soft demand for Gorilla glass used in smartphones and tablets. Earnings for...

Waste Management Inc. (WM) Tuesday reported a decline in profit for the second quarter, hurt largely by charges related to divestiture of its Puerto Rico operations. In another development, the trash hauler also agreed to sell its Wheelabrator Technologies Inc. to Energy Capital Partners for $1.94...

Cynosure, Inc. (CYNO) reported net income for the second quarter of $4.6 million or $0.20 per share, compared to a net loss of $9.0 million or $0.54 per share for the year-ago quarter. Excluding items, adjusted net income for the second quarter was $7.1 million or $0.32 per share, compared to $5.4...

Patrick Industries Inc. (PATK) reported second-quarter net income of $9.2 million or $0.86 per share, up from $7.6 million or $0.70 per share in the same period last year. Analysts polled by Thomson Reuters expected the company to earn $0.82 per share. Sales increased 17.7 percent to $187.86 million...

P&F Industries, Inc. (PFIN) said Tuesday that it has acquired all of the outstanding equity interests of Universal Air Tool Company Ltd. Universal Air Tool Co. markets its pneumatic tools mainly to the automotive market in England and Ireland. The purchase price consisted of about $1.95 million...

One Horizon Group, Inc. (OHGI) announced that Brian Collins, Founder and CTO has been appointed as the Chief Executive Officer or CEO and President of the company, effective July 28, 2014. The company said collins will also act as the Chairman of the Board of the company upon his appointment as the...

Valero Energy Corp. (VLO) said Tuesday that its Board of Directors has approved an increase in the company's regular quarterly cash dividend on common stock from $0.25 per share to $0.275 per share, effective with the quarterly dividend the Board has declared to be payable on September 17 to shareholders...

AK Steel (AKS) Tuesday said its loss for the second quarter narrowed from a year ago, driven by higher shipments and prices, with results topping Wall Street estimates. The company saw improvements in its businesses despite some significant challenges, said CEO James Wainscott in a statement. AK Steel...

Canadian smartpone maker BlackBerry Ltd. (BBRY, BB.TO) said Tuesday that it has agreed to buy Germany's Secusmart GmbH, a provider of high-security voice and data encryption and anti-eavesdropping solutions for government organizations, enterprises and telecommunications service providers. The deal...

Hospital operator HCA Holdings, Inc. (HCA) reported Tuesday a profit for the second quarter that increased from last year, reflecting improved revenues. Both adjusted earnings per share and quarterly revenues topped analysts' expectations. The company also raised earnings and revenue guidance for the...

McGraw Hill Financial Inc. (MHFI) on Tuesday reported a 15 percent increase in profit for the second quarter from last year, reflecting double-digit revenue growth at its ratings services segment. Both revenue and adjusted earnings per share for the quarter beat analysts estimates. Looking ahead,...

Financial services giant JPMorgan Chase & Co. (JPM) is eliminating hundreds of technology support employees in its corporate and investment bank amid a revenue decline, Bloomberg reported citing people familiar with the matter. Workers in locations including New York, Tampa, Chicago and Dubai were...

Truck maker Paccar Inc. (PCAR) on Tuesday reported a 9.5 percent increase in profit for the second quarter from last year, reflecting stronger industry truck sales in North America. Earnings per share for the quarter beat analysts' estimates by a penny. Ron Armstrong, chief executive officer of Paccar...

Paper and packaging company International Paper Co. (IP) reported Tuesday a profit for the second quarter that declined from last year, hurt by significant charges and a revenue decline. However, operating earnings per share topped analysts' expectations, while quarterly sales missed their estimates. "International...

ContraFect Corp. (CFRXU), a biotechnology company focused on protein and antibody therapeutic products for life-threatening infectious diseases, announced the pricing of its initial public offering of 6 million units priced at $6.00 per unit for total gross proceeds of $36 million. The offering was priced...