EMC Revenue Rises 8.9%

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EMC Corp. said its revenue rose 8.9% in the latest quarter, driven by strong gains at its emerging storage business and its VMware Inc. unit.

Maglev Supporters Want Washington-New York Train

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Days after the Japanese government approved plans to build a floating train that would halve the travel time between the country’s two largest metropolitan areas, supporters of the technology are stepping up their campaign to bring a similar system to the Northeast Corridor of the U.S.

Boeing Posts Strong Results

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Boeing said its earnings increased, buoyed by continued strong demand for the aerospace giant’s jetliners. Results easily outpaced market estimates, and the company again raised its earnings guidance for the year.

Glaxo Third-Quarter Earnings Beat Expectations

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GlaxoSmithKline’s third-quarter earnings managed to beat analysts’ expectations, even while sales fell 10%.

General Dynamics Earnings Rise on Aerospace Demand

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General Dynamics Corp.’s third-quarter earnings increased 7% as the defense contractor reported strong growth in its aerospace and marine systems divisions.

Northrop Grumman's Earnings Fall, but Beat Expectations

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Northrop Grumman reported a 5% decrease in third-quarter earnings as the defense contractor works to reduce its pension costs.

Biogen Idec Sales Surge 37%

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Biogen Idec said sales of its multiple-sclerosis treatment Tecfidera more than doubled in the latest quarter, helping drive a 37% surge in overall revenue.

Xerox Revenue Edges Down 2.2%

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Xerox Corp. said its revenue edged down 2.2% in the latest quarter as its document-technology business revenue continued to decline.

Ingersoll-Rand Profit Jumps

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Ingersoll-Rand PLC said its profit surged 76% as revenue grew, while the company tightened its earnings outlook for the year.

Dow Chemical Results Top Expectations

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Dow Chemical Co., which has been selling off assets and streamlining its operations, said its profit rose as sales thrived across the company’s segments.

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