Northrop Profit Boosted by Lower Costs

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Northrop Grumman Corp. on Wednesday reported a 4.7% increase in second-quarter profit as the defense contractor cut costs, masking a decrease in sales.

Simon Property Profit Jumps

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Simon Property Group said its second-quarter profit rose 20% as occupancy and rents increased; the company also raised its earnings outlook for the year.

Dow Chemical Profit Falls 60%

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Dow Chemical Co. said its second-quarter earnings slid 60% on higher sales costs and an unfavorable comparison with the year-earlier period, though results beat market expectations.

Boeing Boosts Guidance

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Boeing boosted its earnings guidance for the year as its second-quarter earnings climbed 52%, buoyed by continued strong demand for the aerospace giant's jetliners.

Biogen Idec's Profit Surges

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Biogen Idec said robust sales of its multiple-sclerosis treatments Tecfidera and Tysabri helped drive up its earnings by 46% in the second quarter.

Japan Backs Overseas Use of Coal

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Japan plans to increase support for coal-fired power plants in developing nations, in a direct challenge to U.S. policy.

Data-Storage Provider EMC's Profit Falls

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Data-storage provider EMC said its second-quarter earnings fell 16% as an increase in revenue was offset by a rise in costs.

General Dynamics Profit Slips

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General Dynamics's second-quarter earnings slipped as the defense contractor recorded sales declines in three of its four business units, including its Gulfstream business-jet unit.

Praxair Profit Rises, but Top End of Outlook Is Cut

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The industrial-gas company's bottom line was helped by higher sales; CEO doesn't see significant economic improvement in second half.

TE Connectivity's Third-Quarter Profit Rises 20%

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TE Connectivity said its fiscal third-quarter earnings rose 20% amid continued strength in the electronic-components maker's automotive and industrial markets.

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