Dean Foods Swings to Profit, Plans WhiteWave IPO
Dean Foods Co. (DF) swung to a second-quarter profit as the diary company reported lower costs and said it is spinning off its WhiteWave-Alpro business through a planned initial public offering.
S&P Cuts Greece's Outlook to Negative
Ratings firm Standard & Poor’s cut its outlook on Greece’s long-term sovereign credit rating to negative from stable, citing concerns about the implementation of budget reforms and worsening economic conditions.
Wal-Mart de Mexico Sales Rise 8.4% on Year in July
Retailer Wal-Mart de Mexico SAB (WMMVY, WALMEX.MX) said Tuesday its sales rose 8.4% in July from the same month a year earlier, to 33.13 billion pesos ($2.51 billion), with comparable-store sales gains in Mexico but not in Central America.
Disney Profit Up 24% as Movie Studio Results Improve
Walt Disney Co.'s (DIS) fiscal third-quarter earnings rose a better-than-expected 24% as the company continued to see stronger profits from its media networks and theme parks divisions, and as the superhero action film "The Avengers" boosted studio-enertainment results.
Capital Goods Sector Wrap
On a trading day that saw the S&P 500 gain 0.5%, the Capital Goods sector (XLI) showed little change.