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  • July 28- Financial advisory and asset management firm Lazard Ltd's quarterly profit fell 78.5 percent from a year earlier, when the company had an income tax gain of $1.2 billion. Net income attributable to Lazard fell to $80.4 million, or 61 cents per share, in the second quarter ended June 30 from $374.1 million, or 2.82 cents per share, a year earlier.

  • The news and information company reported second quarter net earnings of $350 million, or 45 cents per share, compared with $281 million or 33 cents per share, a year ago. Adjusted for special items, earnings were 50 cents per share. Thomson Reuters, which is the parent of Reuters News, competes for financial customers with Bloomberg LP, as well as News Corp's Dow...

  • MIDLAND, Mich. _ Dow Chemical Co. on Thursday reported second-quarter net income of $3.21 billion. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share. Dow Chemical shares have increased 4 percent since the beginning of the year, while the Standard& Poor's 500 index has risen 6 percent.

  • The company said sales in its missile systems unit, its biggest business by revenue, increased 6 percent to $1.66 billion in the second quarter ended July 3. Net income attributable to Raytheon rose to $709 million, or $2.38 per share, in the quarter from $505 million, or $1.65 per share, a year earlier. Raytheon said second-quarter earnings included a gain of 53...

  • BERLIN, July 28- Volkswagen reported a 12 percent drop in quarterly profit at its main passenger car division on Thursday, a big improvement on the quarter before but showing the challenges it still faces to overcome its emissions scandal. Europe's largest automaker is struggling to rebuild its reputation and meet billions of dollars of costs after admitting...

  • CAIRO, July 28- Egypt plans to repay between $7 billion and $8 billion in obligations due in the current fiscal year that began this month, deputy finance minister for monetary policy Ahmed Kojak said at a news conference.

  • *2nd- qtr profit C $0.01/ shr; est. Teck, the largest producer of steelmaking coal in North America, said on Thursday its operating costs fell 15 percent to C $691 million in the second quarter. "While the commodity cycle continues to be challenging, we are starting to see some positive changes in the direction of zinc and steelmaking coal prices," Chief Executive Don...

  • NOVI, Mich. _ ITC Holdings Corp. on Thursday reported second-quarter profit of $70.7 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • HOUSTON _ National Oilwell Varco on Thursday reported a second-quarter loss of $217 million, after reporting a profit in the same period a year earlier. The average estimate of 18 analysts surveyed by Zacks Investment Research was for a loss of 33 cents per share. National Oilwell Varco shares have declined almost 7 percent since the beginning of the year, while...

  • ATLANTA— Beazer Homes USA Inc. on Thursday reported fiscal third-quarter earnings of $5.8 million. The Atlanta- based company said it had net income of 18 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • OTTAWA, Ontario _ Wi-Lan Inc. on Thursday reported a second-quarter loss of $3.2 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Ottawa, Ontario- based company said it had a loss of 3 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • July 28- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a quarterly loss, compared with a year-earlier profit, due to lower demand amid reduced drilling activity. Net loss attributable to the company was $217 million, or 58 cents per share, in the second quarter ended June 30, compared with a profit of $289 million, or 74 cents per...

  • The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share. Three analysts surveyed by Zacks expected $2.81 billion. This story was generated by Automated Insights using data from Zacks Investment Research.

  • July 28- Dow Chemical Co's quarterly profit nearly tripled, helped by a gain related to the restructuring of the Dow Corning joint venture. Net income attributable to shareholders rose to $3.12 billion, or $2.61 per share, in the second quarter ended June 30 from $1.14 billion, or 97 cents per share, a year earlier. However, sales fell 7.4 percent to $11.95 billion.

  • *Eyes on China manufacuring PMI due Monday. LONDON, July 28- Copper climbed on Thursday, boosted by a lower dollar after the U.S. central bank left rates unchanged and some expectations of steady demand in top consumer China. Demand for copper in China, which accounts for nearly 50 percent of global consumption estimated at around 22 million tonnes this year, has...

  • CINCINNATI— Fifth Third Bancorp on Thursday reported second-quarter profit of $333 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share. Eight analysts surveyed by Zacks expected $1.52 billion.

  • SYMMES TOWNSHIP, Ohio _ Vantiv Inc. on Thursday reported second-quarter earnings of $59.3 million. For the current quarter ending in October, Vantiv expects its per-share earnings to range from 67 cents to 69 cents. Vantiv expects full-year earnings in the range of $2.61 to $2.66 per share, with revenue ranging from $1.85 billion to $1.88 billion.

  • ZURICH/ BRUSSELS, July 28- European Commission President Jean-Claude Juncker has let negotiators pursue a deal on curbing an influx of foreigners to Switzerland, diplomats said, keeping alive Swiss hopes of avoiding a rupture with its most important trading partner. The talks are crucial for Switzerland, which has threatened to impose unilateral curbs on...

  • *Net operating costs fall to C $7.43/ barrel from C $9.43. MEG, whose main operations are in the Athabasca region of Alberta, said its cash flow from operations fell by about 93 percent to C $7 million in the second quarter as bitumen prices fell along with U.S. benchmark crude prices. However, the company's net operating costs fell to a record low of C $7.43 per barrel...

  • LONDON, July 28- Generic competition to cholesterol buster Crestor in the U.S. market pushed second-quarter core earnings down by nearly a third at drugmaker AstraZeneca, which is now banking on new cancer medicines to revive its fortunes. Quarterly core earnings per share, which exclude some items, fell 31 percent to 83 cents as revenue slid 11 percent to $5.60...