Earnings roundup: Church & Dwight, Spectra Energy

Among the earnings stories for Tuesday, May 6, from AP Financial News:

PRINCETON, N.J. (AP) _ Church & Dwight Co., which makes Arm & Hammer products and other consumer products, said Thursday that first-quarter profit rose 25 percent, helped by higher sales and cost-cutting that offset rising commodity costs.

HOUSTON (AP) _ Spectra Energy Corp., which transports, processes and stores natural gas, said Tuesday its first-quarter profit jumped 56 percent on higher commodity prices and a strong Canadian dollar.

CHICAGO (AP) _ Printing services provider R.R. Donnelley & Sons Co. said Tuesday its first-quarter profit rose 31 percent, helped by a large tax benefit.

ZURICH, Switzerland (AP) _ Swiss bank UBS, hard hit by the U.S. subprime crisis, reported a first-quarter loss of $10.97 billion and said Tuesday it will slash almost 7 percent of its work force.

ASHEVILLE, N.C. (AP) _ Grocery-store chain Ingles Markets Inc. on Tuesday said fiscal second-quarter profit fell 4 percent as a higher income tax expense offset rising sales.

NEW YORK (AP) _ Teva Pharmaceutical Industries Ltd., the world's largest generic drugmaker, said Tuesday its first-quarter profit fell on a hefty charge related to its purchase of CoGenesys, but adjusted earnings topped Wall Street expectations.

NEW YORK (AP) _ Covidien Ltd., a Bermuda-based medical device maker and diversified health care company, said Tuesday its fiscal second-quarter profit fell 33 percent on restructuring and other charges, but adjusted results topped analysts' estimates.

PARIS (AP) _ NYSE Euronext said Tuesday its profit more than tripled in the first quarter, reflecting the addition of Euronext NV's activities to those of the parent of the New York Stock Exchange last year and higher trading volumes.