Among the earnings stories for Thursday, July 24, from AP Financial News:
Top stories:
TRENTON, N.J. (AP) _ Drugmaker Bristol-Myers Squibb Co. on Thursday reported an 8 percent increase in second-quarter profit, beating Wall Street expectations, as the weak dollar boosted foreign sales and several key drugs saw big jumps in U.S. sales.
Other stories:
ST. PAUL, Minn. (AP) _ 3M, maker of Post-its and Scotch tape, said Thursday its second-quarter profit rose slightly on double-digit growth in international markets.
LINTHICUM HEIGHTS, Md. (AP) _ Foundation Coal Holdings Inc. said Thursday its second-quarter loss ballooned as its cost of sales ate away at a jump in revenue.
BROOMFIELD, Colo. (AP) _ Level 3 Communications Inc. said Thursday its second-quarter loss narrowed as the Internet network operator recorded higher communications revenue and a gain from the sale of an advertising distribution business.
STAMFORD, Conn. (AP) _ UST Inc., which makes Copenhagen, Skoal and Husky smokeless tobacco and about 20 brands of wine, on Thursday said its second-quarter profit declined as sales of smokeless tobacco slipped.
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