Money, Politics Stir Argentine Intrigue

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Money-laundering allegations against Argentine construction baron Lázaro Báez are focusing attention on the wealth of President Cristina Kirchner and her late husband Néstor.

Pfizer Results Beat Estimates

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Pfizer said its revenue edged lower as the pharmaceutical giant continued to see pressure from losing exclusivity on some products, though its results for the period topped expectations.

Marsh & McLennan Tops Views

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Marsh & McLennan said its second-quarter profit rose 11% as the professional-services company experienced revenue growth in its insurance and consulting operations.

International Paper Profit Falls

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International Paper said its second-quarter profit fell as the paper company recorded restructuring charges and a drop in revenue.

Reynolds American Profit Improves

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Reynolds American Inc. said its second-quarter profit climbed 6.7% as higher cigarette and moist-snuff pricing helped offset lower cigarette volumes.

Merck Profit Rises on One-Time Gain

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Merck & Co. said its second-quarter earnings surged thanks to a one-time gain that masked a modest decline in revenue. The pharmaceutical company raised the low end of its per-share earnings estimate for the year.

Sirius XM Profit Falls as Expenses Rise

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Sirius XM Holdings said its second-quarter profit fell 4.4% as higher operating expenses offset a notable gain in revenue and net subscribers.

Airbus Cancels Superjumbo Order

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Airbus has canceled a $1.7 billion order for six A380 superjumbo jets from Japanese budget carrier Skymark Airlines, as it continues to struggle to sell the world's biggest passenger plane.

Eaton Profit Hurt by Litigation Costs

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Eaton Corp. PLC said second-quarter earnings fell as the diversified manufacturer's results were weighed down by litigation charges, offsetting gains from divestitures in the company's aerospace group.

Aetna Beats Street, Raises Outlook

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Aetna said its second-quarter profit rose as the insurer posted record medical membership and revenue, boosted by its acquisition of Coventry Health Care.

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