Industrials

Wholesale Inflation Rises 0.3% in July

Producer prices increased in July at the fastest pace in five months. The increase was driven by gains in consumer goods although falling energy prices pointed to muted inflation pressures. 

Isaac Strengthens to Hurricane Status

Tropical Storm Isaac strengthened to become a Category 1 hurricane with winds of 75 mph as it looks to strike New Orleans almost seven years after Hurricane Katrina.

Burger King's 2Q Net Climbs 60%, Beats Expectations

In its first earnings report since returning to the public markets, Burger King Worldwide revealed a 60% leap in second-quarter profits as the fast-food chain enjoyed stronger same-store sales growth than archrival McDonald’s.

U.S. Steel 2Q Profits Sink

U.S. Steel saw its quarterly profits fall by more than 50%, hit by slumping prices, rising raw material and energy costs and the debt crisis in Europe.

Tyco 3Q EPS Beats Expectations, Sales Miss

Tyco International, which is in the process of splitting into three companies, posted a better-than-expected quarterly profit, but its sales fell short.