Wyeth Posts 19% Higher Profit; 2 Rivals Fare Less Well
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AstraZeneca reported a 12.5 percent drop in profit and Bristol-Myers Squibb posted a loss, albeit a narrower one.
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Reuters Group Plc RTR.L posted better  than expected full-year profits on Wednesday thanks to  disposals, cost cutting, improving sales and a return to profit  at electronic trading unit Instinet, which it may sell.
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By Thomas Ginsberg, The Philadelphia Inquirer  Jan. 31--Here is something you may not hear every day: The drug giant Wyeth said yesterday that it was "surprised" to hear that it is about to face generic competition on its $216 million heart drug Inderal LA.
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Household and personal care products  leaders Procter & Gamble Co  and smaller rival  Colgate-Palmolive Co  both posted double-digit quarterly  profit increases on Tuesday, helped by cost cuts, the weaker  dollar and sales of new items.
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The chief financial officer of Wyeth  WYE.N on Monday said the drug maker is considering whether to  repatriate up to $4 billion in profits earned overseas, but is  hesitant because of federal taxes that would have to be paid on  the returned funds.
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Procter & Gamble Co.  and its  smaller rival Colgate-Palmolive Co.  posted slightly  better-than-expected quarterly profits on Tuesday and signaled  that their businesses look good for the rest of 2007, but the  results failed to excite Wall Street, and their shares slipped  in morning trading.
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Anheuser-Busch Cos. Inc.  on  Wednesday posted a better-than-expected 7.4 percent increase in  quarterly profit on strong U.S. growth led by Bud Light,  imports such as Grolsch and lower-than-expected costs.
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CHICAGO (CBS.MW) -- Higher margins on the hard stuff and profits from a pair of low-carb wines launched earlier this year helped boost liquor giant Brown-Forman&#39;s fiscal first-quarter profits 67 percent.
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The company posted a second-quarter profit of $182 million, helped by strong international beverage and bakery sales.
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Second-quarter profit rose 16 percent as higher prices overshadowed an increase in advertising costs.
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DuPont Co. , the No. 2 U.S.  chemical company, on Tuesday reported lower-than-expected  second-quarter profit due to lower U.S. volumes coupled with  higher energy and raw material costs.
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Household and personal care products leaders Procter & Gamble Co  and smaller rival Colgate-Palmolive Co  both posted double-digit quarterly profit increases on Tuesday, helped by cost cuts, the weaker dollar and sales of new items.
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Kicking off the new earnings season,  aluminum company Alcoa Inc  reported on Monday that  second-quarter profit slipped, but still matched Wall Street  expectations, even though revenue fell short of forecasts.
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Aug. 18 (Bloomberg) -- Nestle SA, the world&#39;s largest foodmaker, said first-half profit rose 2.1 percent, less than forecast, as sales in Western Europe declined and costs for sugar, energy and packaging materials increased.
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The Whirlpool Corporation said its fourth-quarter profit climbed 72 percent, helped by its acquisition of Maytag, an improved product mix and the weak dollar.
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Halliburton Co. , the world's second-largest oil services company, said on Monday that second-quarter profit from continuing operations rose 19 percent, topping Wall Street estimates, on strength in international markets and better-than-expected revenue.
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Whirlpool Corp , the world's largest appliance maker, reported higher third-quarter profit on Tuesday on rising international demand and lower taxes, but sales missed estimates on weaker U.S. results and its shares dropped more than 5 percent.