Earnings roundup: American Axle, Vale

Among the earnings stories for Friday, April 25, from AP Financial News:

DETROIT (AP) _ American Axle and Manufacturing Holdings Inc. says it lost $27 million in the first quarter due largely to a strike by the United Auto Workers.

RIO DE JANEIRO, Brazil (AP) _ Vale, the world's second-largest mining company, on Thursday reported a 56 percent drop in first-quarter net profits as slumping metal prices and a strong local currency offset record exports of iron ore and aluminum.

COSTA MESA, Calif. (AP) _ Ceradyne Inc., which makes ceramics used as military armor and in industrial processes, said Friday its first quarter profit fell 14 percent due to higher costs and expenses.

WEST BEND, Wis. (AP) _ Gehl Co., which makes construction and agricultural equipment, said Friday it swung to a first-quarter loss, blaming the continued slowdown in the North American housing market and a hefty one-time charge.

PHOENIX (AP) _ Viad Corp., which provides exhibition, travel and recreation services, said Friday its first-quarter profit rose 20 percent from a year-earlier quarter hampered by a restructuring charge and higher tax rate.