Industrials

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. 

CB&I to Buy Shaw for $3B

Chicago Bridge & Iron unveiled plans to buy Shaw Group for about $3 billion in cash and stock to create an engineering and construction giant focused on the energy industry. 

Comair Unit to Cease Operations

Delta announced its subsidiary will cease operations after Sept. 29 as the airline reduces its exposure to low-margin regional flying. 

Pilgrim's Pride Swings to 2Q Profit

The poultry company said it saw industry challenges in the second half of the year due to the volatility in the feed ingredient market and tepid spending by consumers.