Earnings roundup: MBIA, Fuel Systems Solutions

Among the earnings stories for Friday, Aug. 8, from AP Financial News:

NEW YORK (AP) _ Bond insurer MBIA Inc. said Friday its second-quarter profit swelled due to non-cash gains on a portfolio of complex insurance contracts.

BOSTON (AP) _ Shares of Fuel Systems Solutions Inc. rose sharply Friday after the maker of alternative fuel systems for automobiles reported second-quarter profit and revenue above Wall Street expectations, and raised its full-year outlook.

CHICAGO (AP) _ Sun-Times Media Group Inc. swung to a loss in the second quarter as advertising and circulation revenue contracted, the company said late Thursday.

ELGIN, Ill. (AP) _ Middleby Corp., which sells foodservice and food processing equipment, said late Thursday its second-quarter profit jumped 36 percent _ surpassing Wall Street's estimates _ helped by recent acquisitions and higher sales.

ROCKVILLE, Md. (AP) _ Drug developer Novavax Inc. reported a larger second-quarter loss Friday, as the company said it spent more money to develop its influenza vaccines.

HOUSTON (AP) _ Tesco Corp. said its profit more than tripled in the second quarter, results that breezed past Wall Street's expectations,

SANTA CLARA, Calif. (AP) _ Video technology provider Macrovision Solutions Corp., said Friday its second-quarter profit surged on a $94.5 million gain from its acquisition of Gemstar-TV Guide International Inc. and the sales of certain businesses.