Garmin Profit Rises 5.5%, Beats Expectations

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Garmin said its second-quarter earnings rose 5.5% as sales in the fitness and aviation segments jumped.

Lorillard's E-Cigarette Sales Drop

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Lorillard Inc. said its second-quarter profit declined slightly as a drop in sales for the company's e-cigarettes offset a slight increase in sales for traditional cigarettes.

Huntsman Profit Soars

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Huntsman Corp. said its second-quarter earnings more than doubled on broad sales growth and stronger margins as the chemical maker also benefited from lower restructuring-related charges and one-time items.

Booz Allen Profit Ticks Up, Despite Revenue Decline

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Booz Allen Hamilton Holding Corp. said its fiscal first-quarter profit edged up 1.1%, even as the consulting company's revenue fell amid tepid spending from federal government clients.

Thomson Reuters Results Flat, but Beat Expectations

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Thomson Reuters said its second-quarter profit and revenue were essentially flat, although the results topped analysts' expectations.

Hess Plans Spinoff of Assets

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Hess aid it plans to pursue a spinoff of some midstream assets, mostly in North Dakota, to create a separately traded company to support growth of its production in the Bakken oil shale play.

WellPoint Profit Slips, But Boosts Outlook

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WellPoint said its second-quarter profit slipped as the health insurer recorded higher expenses, masking an increases in both revenue and enrollment.

Benefit Costs Pare Humana's Profit

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Humana's second-quarter profit falls 18%, as expected, as increased benefit costs help to offset a jump in revenue.

Eni Hit By Nigeria Pipeline Sabotage

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Eni on Wednesday said it had shut off some crude production following sabotage on a Nigerian pipeline.

In Video Age, Film Gets a Reprieve

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Faced with the possible extinction of the material that made Hollywood famous, a coalition of studios is close to a deal to keep Eastman Kodak in the business of producing movie film.

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