STMicro In Profit After Strategy Shift

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STMicroelectronics swung to its first quarterly profit in more than two years as Europe's largest semiconductor maker continues to wind down its communication chip business to focus on making chips for cars and other applications.

Alstom Orders Soar but Sales Fall

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Alstom said orders doubled in the first quarter, boosted by its largest-ever train contract in South Africa, though orders for power equipment fell during the period.

Daimler Second-Quarter Profit Rises

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Daimler reported a sharp rise in second-quarter operating earnings on record sales in its Mercedes-Benz luxury car division. The German automotive group also confirmed its upbeat outlook of significant growth in the full year.

Syngenta Profit Hurt by Bad Weather

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Syngenta reported a 1% dip in first-half profit as the Swiss chemical company's performance was hurt by slow sales in North America caused by bad weather.

ABB Profit Falls Amid Revamp

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ABB reported worse-than-expected second-quarter earnings as the power and automation giant presses ahead with a review of its operations that has already seen it shed some fringe businesses.

Macy's Workers Win Labor Case

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A group of cosmetics and fragrances workers at a Macy's store in Massachusetts are a big enough lot to try to unionize, the National Labor Relations Board decided in a ruling that could advance organized labor's quest to unionize subsets of workers in varied industries.

Interest in Riskier Currency Bonds Stirred, Not Shaken

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Some of the highest-yielding bonds in emerging markets, debt denominated in local currencies, are rallying despite rising jitters over these fast-growing countries.

Chinese Officials Say Shanghai Husi Food Violations Company-Led

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Chinese food safety officials accused a U.S.-owned Chinese meat supplier, Shanghai Husi Food, for signing off on sales of expired meat.

Dick's Lays Off More Than 400 PGA Golf Instructors

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A spokeswoman for the PGA of America said more than 400 of its members who were employed as golf instructors at Dick's were notified on Tuesday that they would be laid off.

Electronic Arts Posts Solid Profit Rise

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Electronic Arts reported solid profit growth in its first fiscal quarter, benefiting as consumers snapped up videogames for the latest generation of consoles.

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