Industrials

The St. Louis-based company reported higher-than-expected quarterly profit as net revenue grew 17% on gains in sales of seeds and genetic traits and its chemicals business.

Commodities trader Glencore may have to sweeten its $26 billion bid for miner Xstrata after a key shareholder demanded better terms.  

Park Electrochemical reported a 57% drop in profit and an 11% decline in sales on Monday, as demand slumped and offset cost cutting initiatives.

Cabot has inked a deal to buy activated carbon maker Norit NV for $1.1 billion in a move that Cabot says will strengthen its specialty chemicals portfolio.

Philip Morris lowered its full-year earnings forecast for the second time on Thursday, citing unfavorable currency exchanges rates.

ConAgra Foods swung into the red in its fiscal fourth quarter due to accounting charges, but the maker of Chef Boyardee’s adjusted profit surpassed Wall Street’s expectations.

FedEx logged fiscal fourth-quarter results that exceeded expectations amid a 3.8% rise in revenue, but the world’s largest second largest shipper issued a disappointing outlook for the current quarter and full year.

Baby-formula maker Mead Johnson Nutrition says chief operating officer Kasper Jakobsen will be appointed to chief executive officer following the 2013 retirement of current CEO Steve Golsby.

Scotts Miracle-Gro announced that it expects to fall short of its prior fiscal-year guidance due to lower-than-expected U.S. sales.

Nucor expects a challenging steel market to weigh on its second-quarter profit.

Philip Morris International revealed plans for an $18 billion stock buyback program on Wednesday as the tobacco company attempts to return cash to shareholders and breathe new life into its stock.

Diamond Foods said it will miss Nasdaq’s June 11 deadline to file restated financial statements and will look to appeal an expected delisting letter.

United Technologies has reportedly offered to unload some assets in an effort to make its $16.5 billion buyout of aircraft components maker Goodrich more palatable to European regulators.

A123 Systems, which makes lithium-ion batteries for GM and BMW, plans to hire up to 400 people at its two factories in Michigan.

Alcoholic beverage giant Diageo plans to spend 1 billion pounds to boost its production of Scotch whisky over the five years to meet growing demand.

Shares of Chesapeake Energy rallied about 3% after a report indicated the energy company is nearing a deal to unload pipelines to Global Infrastructure Partners for more than $4 billion.

Deere announced a new chief financial officer and a slew of other senior management shakeups on Friday as the tractor maker readies to lose two of its top executives to retirement.

Alcoa is chopping its alumina production capacity by about 390,000 metric tons.

Honeywell reported higher first-quarter results and lifted its earnings-per-share outlook for the full year.

The maker of Kleenex and Huggies notched a larger-than-expected increase in quarterly profit as it trimmed costs to deal with some weakness in the U.S.