Reuters - Nintendo Co Ltd's (7974.OS) quarterly profit rose 31.5 percent on the runaway success of its Wii game console, but the Japanese video game maker kept its annual outlook well short of market expectations.

AP - Nintendo Co.'s profit for the fiscal first quarter surged 34 percent from a year ago as sales of its hit Wii shot up, underlining the success of the wand-wielding video game console in attracting novice players.

AP - Toshiba Corp. said Tuesday it swung to a net loss of $107.91 million (11.6 billion yen) in the April-June quarter due to a slump in semiconductor sales.

AP - Sony Corp. said Tuesday its April-June profit plunged to 34.98 billion yen ($326.9 million) — about half that recorded a year ago — as a strong yen, the absence of "Spider-Man 3" revenue and faltering results at its cell phone operations battered earnings.

Reuters - Colgate-Palmolive Co on Tuesday reported a 19 percent jump in quarterly profit as price increases and sales in emerging markets and North America helped offset soaring commodity costs and weakness in parts of Western Europe.

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.