Potash Corp. profit drops 27%

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Potash Corp. of Saskatchewan posted a nearly 27% drop in second-quarter profit, but results beat expectations as market conditions picked up.

D.R. Horton Profit Falls Amid Weak Chicago Housing Market

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D.R. Horton Inc. said its fiscal third-quarter profit fell despite strong home-building revenue and an increase in new sales orders, as the home builder recorded impairment charges tied to assets in the Chicago area.

Boeing Agrees to Sell Parts to Iran

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Boeing has agreed to the conditions by which it could sell aircraft spare parts to state-owned Iran Air, a move that could lead to the first sale of products by a U.S. aerospace company to the Islamic republic since 1979.

Quest Diagnostics Revenue Rises 4.8%

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Quest Diagnostics Inc. said its second-quarter revenue rose slightly more than expected, driven by higher diagnostic information services sales and higher volume.

Hermès Names Women's-Fashion Designer

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French luxury-goods house Hermès International named Nadège Vanhee-Cybulski as its new women's fashion designer, betting on an unknown name who will be dedicated to the house full-time.

Ford Profit Rises 6%

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Ford Motor Co. said second-quarter net income rose 6% to $1.3 billion driven by a record quarter in North America, strong results in Asia and the first quarterly profit in Europe in three years.

Vivendi's SFR Unit Hit By Network Outage

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SFR was hit by a countrywide network outage as users complained about their phones being unable to receive or make calls.

Hershey Posts Profit Increase

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Hershey said its second-quarter profit rose 5.4% as revenue increased largely on higher volume while costs also rose.

PulteGroup Sales, Profit Rise

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PulteGroup Inc. said its second-quarter earnings improved as the home builder reported slightly higher revenue boosted by higher average selling prices.

Raytheon's Profit Rises 12%

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Raytheon reported a 12% rise in second-quarter profit, though left its full-year guidance unchanged, and a closely watched measure of new business fell short of analysts' expectations.

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