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Reynolds American 1Q profit falls more than 28 pct
RICHMOND, Va. (AP) -- Reynolds American Inc.'s first-quarter profit fell more than 28 percent as the company sold fewer cigarettes and spent more on expanding its electronic cigarette brand and legal costs....

France raises deficit forecasts amid low growth
PARIS (AP) -- The French government has raised its public deficit forecasts amid slow growth, but is still pledging to meet the European Union deficit target of 3 percent next year....

Procter & Gamble 3Q profit edges up, revenue slips
CINCINNATI (AP) -- Procter & Gamble Co.'s fiscal third-quarter net income rose 2 percent as it cut costs to offset sluggish sales in categories like beauty and family products....

Delta navigates nasty winter, tops profit forecast
DALLAS (AP) -- Delta is making more money by filling more seats on its planes and fuel costs inch downward from last year....

Faster production brings Boeing $965M 1Q profit
Boeing's increased rate of commercial jet manufacturing is starting to pay off for shareholders....

Europe recovery shows signs of strengthening
FRANKFURT, Germany (AP) -- A closely-watched survey has found business activity across the 18-country eurozone running at a three-year high, in perhaps the clearest sign yet that the economic recovery is gaining momentum....

Ericsson in $260 million first-quarter profit
STOCKHOLM (AP) -- Wireless equipment maker Ericsson says first-quarter profit increased to 1.7 billion kronor ($260 million) mainly because of restructuring and licensing income even as revenue fell by 9 percent compared to the same period a year earlier....

Oil below $102 as US crude supplies seen rising
The price of oil fell 19 cents to 101.56 in Asia on Wednesday as traders awaited weekly data expected to show rising U.S. crude stockpiles....

China Mobile profit down 9.4 percent
BEIJING (AP) -- China Mobile Ltd., the world's biggest phone carrier by number of subscribers, said Wednesday its quarterly profit declined 9.4 percent from a year earlier despite a rise in customer numbers as spending per account declined....

Amgen misses 1Q views as higher costs cut profit
Despite higher sales, biotech drugmaker Amgen's first-quarter profit fell 25 percent as production and research costs rose sharply. Last year's quarter also gained from a tax benefit....

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