Industrials

With Pizza Hut, Little Caesars, Papa John's and so many others, the last thing the world needs is for Sbarro to emerge from bankruptcy to serve yet another piece of mediocre pie.

The maker of Kleenex tissues posted a lower quarterly profit and said it will raise prices on most of its North American consumer goods.

ATLANTA (Reuters) - Southwest Airlines Co canceled 70 flights Monday as it continued to inspect Boeing 737 planes following the emergency landing on Friday of a jet with a hole in its fuselage.

Global agribusiness Monsanto said net income jumped about 15 percent in the second quarter on strong sales of corn seed for spring planting and improved profit margins.

Procter & Gamble said it will sell its Pringles business to Diamond Foods in a deal valued at $2.35 billion.

The prankster group 'Yes Men' issued a fake press release claiming GE plans to return a $3.2 billion tax refund to the U.S. Treasury Department.

Schneider Electric denied it is in discussions to acquire Tyco International.

BOSTON (Reuters) - General Electric Co denied sending a press release saying that it would return a tax refund to the U.S. government. The press release was sent by the "Yes Men" activist group, a member of that group said.

By Philipp Gollner

NEW YORK (Reuters) - American International Group will transfer its troublesome asbestos risk to Berkshire Hathaway , relieving it of a book of business that has cost it billions of dollars, the bailed-out insurer said on Wednesday.

By Alexei Oreskovic

Higher aluminum prices helped steer Alcoa to a profit a year after the company reported a first-quarter loss.

(Recasts with improved production on 737 and 777, adds CEO quotes, comment)

Boeing reported first-quarter profits that beat expectations, pushing its stock to new 52-week highs.

3M Co.'s (MMM) first-quarter earnings rose 16%, beating analysts' estimates, as the company's sales-growth trend continued, masking a decline in margins

Coca-Cola said it grew its profits by a slightly weaker-than-expected 18% in the second-quarter even as the world’s largest soft-drink maker’s sales leaped 40%.

The Hershey, Pa.-based maker of chocolate and confectionery products posted net income of $160 million, or 70 cents a share, compared with $147.4 million, or 64 cents a share, in the same quart last year.

Caterpillar revealed soaring first-quarter results that crushed Wall Street’s expectations.

By Katie Reid

The maker of Cadbury chocolate reported a better-than-expected profit but cut its full-year outlook to reflect the loss of its contract to distribute Starbucks coffee in U.S. supermarkets.