Earnings roundup: MasterCard, CBS

Among the earnings stories for Tuesday, April 29, from AP Financial News:

Top stories:

NEW YORK (AP) _ MasterCard's profit more than doubled in the first quarter, the card processor said Tuesday, as more customers outside the United States used their credit and debit cards for purchases.

NEW YORK (AP) _ CBS Corp. reported a 14 percent gain in first quarter profit Tuesday, aided by a new international TV syndication agreement for its "CSI" franchise.

Other Stories:

TRENTON, N.J. (AP) _ Prescription drugs benefits manager Medco Health Solutions Inc. said Tuesday that record mail-order volume and an influx of generic drugs on the market drove first-quarter profit down slightly, but it was still above Wall Street expectations.

HOUSTON (AP) _ Waste Management, the nation's largest garbage hauler and landfill operator, said Tuesday its first-quarter profit edged up a little more than 1 percent as higher prices offset lower volumes and increased costs for diesel fuel.

MINNEAPOLIS (AP) _ Techne Corp., a maker of medical testing and diagnostic products, said Tuesday its fiscal third-quarter profit rose 24 percent on a jump in biotechnology sales and a boost from the weaker U.S. dollar.

QUINCY, Ill. (AP) _ Titan International Inc., which supplies wheels and tires for agricultural and construction machinery, said Tuesday it swung to a profit in the first quarter, boosted by strong demand in the agricultural market.

LAS VEGAS (AP) _ Boyd Gaming Corp. on Tuesday reported to a first-quarter loss, hurt by a hefty impairment charge as well as revenue declines in Las Vegas and other markets.

CLAYTON, Mo. (AP) _ Chemicals and ammunition maker Olin Corp. said late Monday its first-quarter profit jumped 61 percent, aided by the recent purchase of rival Pioneer Cos. and pricing improvements.

BLOOMFIELD HILLS, Mich. (AP) _ Penske Automotive Group Inc. said Tuesday its first-quarter earnings more than doubled, compared with a year-ago period that was hurt by costs relating to the redemption of senior notes.

AUSTIN, Texas (AP) _ Guaranty Financial Group Inc. lost money in the first quarter, the company said Tuesday, as the bank's book of loans to property developers in California suffered from bad credit.