Among the earnings stories for Friday, May 2, from AP Financial News:
Top stories:
NEW YORK (AP) -- Agrium Inc., which is buying UAP Holding Co. in a $2.65 billion deal, said Friday it swung to a first-quarter profit as strong fertilizer pricing drove up retail and wholesale revenue.
NEW YORK (AP) -- Genpact Ltd., a business process services outsourcer, said late Thursday it swung to a profit, helped by rising demand from clients including General Electric.
NEW YORK (AP) -- Canadian telecommunications equipment maker Nortel Networks Corp. said Friday that its first-quarter loss widened as an increase in revenue was overshadowed by rising charges and expenses.
LANCASTER, Pa. (AP) -- Armstrong World Industries Inc., which makes flooring and building products, said Friday first-quarter profit fell 42 percent amid a difficult construction and housing environment.
MERRILLVILLE, Ind. (AP) -- Electric and natural gas utility NiSource Inc. said Friday its first-quarter profit fell 54 percent, hurt by higher expenses and a loss from discontinued operations.
AUBURN HILLS, Mich. (AP) -- Auto parts supplier BorgWarner Inc. said Friday its first-quarter earnings surged 52 percent as international sales, led by global demand for turbochargers, countered slowing U.S. vehicle production.
