Apple Readies Bet on Big-Screen Phones

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Apple is preparing for its largest initial production run of iPhones this year, betting that 4.7- and 5.5-inch screens will lure consumers now attracted to similar phones from Samsung and others.

Jana Partners Wants Changes at Apache

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Activist investor Jana Partners is calling for oil and gas company Apache Corp to exit some of its most expensive projects.

Gannett Profit Rises 84% on Broadcasting Unit Growth

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Gannett Co. said its second-quarter earnings rose 84% on a big boost from its broadcasting operations, which expanded with the media company's $1.5 billion acquisition of broadcaster Belo Corp. last year.

Peabody Energy Reports Loss

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Peabody Energy Corp. swung to a second-quarter loss as the coal-mining company was hurt by weaker coal prices at its Australia operations and the year-earlier period benefited from a big tax benefit.

Rockwell Collins Profit Falls

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Rockwell Collins said its fiscal third-quarter earnings fell 3.6% as costs rose, while the aerospace-technologies company saw a recent acquisition again drive an increase in revenue.

Mead Johnson Sales Rise; Boosts Outlook

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Mead Johnson Nutrition Co. said its second-quarter profit slipped slightly as the maker of nutritional products reported higher sales that were offset in part by higher dairy costs.

Cigarette Shipment Volumes Weigh on Altria

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Continued slowdown in cigarette shipment volume weighed on Altria Group's bottom-line, though the cigarette maker's adjusted earnings improved.

Ingersoll-Rand Profit Falls 3.5%

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Ingersoll-Rand said its second-quarter earnings fell 3.5% as restructuring-related and other costs offset an increase in revenue in both its industrial and climate segments.

Domino's Posts Higher Results

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Strengthening domestic and international sales buoyed Domino's second-quarter profit, helping the bottom line climb 16% at the pizza chain.

Lexmark Profit Slides

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Lexmark 's second-quarter earnings fell 88% as the printer company's year-earlier period included a benefit from the sale of its inkjet business, masking a slight increase in revenue.

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