AP - Three major Japanese electronics makers — Sony, Matsushita and Toshiba — reported mixed results Tuesday for their fiscal first quarters, with Matsushita the only one to increase earnings in a period marked by a stronger yen and dropping gadget prices.

Reuters - Northrop Grumman Corp said on Tuesday quarterly profit rose 8 percent, as higher sales of its military equipment were helped by a one-time gain from the sale of a business.

Reuters - Sony Corp (6758.T) posted a bigger-than-expected 47 percent fall in quarterly profit and cut its outlook, hurt by its struggling mobile phone joint venture with Sweden's Ericsson (ERICb.ST), while rival Matsushita (6752.T) nearly doubled its profit on rising flat TV sales.

AP - BP PLC reported a 28 percent rise in second quarter net profit Tuesday on surging energy prices and vowed to fight for its troubled Russian joint venture, TNK-BP.

AP - Wall Street again surrendered to investors' anxiety about the financial sector Monday, sending the Dow Jones industrials down 240 points and back into bear market territory. The flight from equities sent investors into safe-haven bets like Treasury bonds.

Reuters - Verizon Communications Inc posted a higher quarterly profit on strong wireless sales, but its shares fell on worries about its declining landlines and weaker-than-expected growth in its FiOS Internet and video service.

AP - Kraft Foods Inc. reported growth in the second quarter Monday, as consumers, undeterred by price increases, abandon restaurants for less costly meals at home and the company benefits from its restructuring plan.

AP - Verizon Communications Inc.'s second-quarter earnings rose 12 percent, the company said Monday, while revenue was slightly shy of expectations and customers disconnected their landlines faster than before.