IBT Staff Reporter

Edison International (NYSE: EIX) reported a 29 percent rise quarterly earnings on Wednesday, helped by results at its Southern California Edison utility subsidiary.

Texas power company TXU Corp. (NYSE: TXU) posted a first quarter loss on Wednesday, hurt by charges related to canceled power facilities.

Satellite television provider DirecTV Group, Inc. (NYSE: DTV) posted a 43 percent rise in profit on Wednesday, driven by a higher subscriber count and high-definition services, but missed analysts expectations.

Luxury home builder Toll Brothers (NYSE: TOL) said Wednesday that home building revenue would be lower than expected and it would not reach its latest quarterly and annual guidance.

News Corp. (NYSE: NWS)said on Wednesday that its third quarter profits rose by 6.2 percent from the previous year on strong performance from its film and cable news divisions.

Comcast Corp. (Nasdaq: CMCSA) unveiled a new cable modem capable of download speeds of up to 150 megabits, or 25 times faster than current models, according to a report.

Citigroup, Inc. (NYSE: C) unveiled a $50 billion initiative to address global climate change by supporting the commercialization and growth of alternative energy and clean technology.

Coca-Cola Amatil Ltd. (XFS: CCA) said it expects single digit earnings growth for 2007 despite rising costs.

Publishing & Broadcasting Ltd (ASX: PBL) said on Tuesday that it would split its media assets and gaming interests into two separately listed companies.

Video game developer and publisher Electronic Arts (NASDAQ: ERTS) said on Tuesday that its fourth quarter earnings were down, missing analysts estimates with few game titles to spur profits.

Prime Minister Shinzo Abe made an offering to the controversial Yasukuni Shrine during a Shinto festival in late April, a chief Cabinet official revealed Tuesday, reigniting a dispute among Japanese leaders, some who believe the act may harm foreign relations.

The Walt Disney Co. (NYSE: DIS) reported a better than expected second quarter profit on Tuesday, on strong results in all of its major business units but fell short of revenue forecasts.

Cisco Systems Inc. (NASDAQ: CSCO) posted a slightly stronger than expected profit in its third quarter on Tuesday, with net income rising 35 percent on acquisitions and stronger sales to corporate customers, however shares fell more than 5 percent in after hours trading.

Warner Music Group Corp. (NYSE: WMG) posted a wider fiscal second quarter loss on Tuesday, hurt by restructuring costs and soft music sales.

CVS/Caremark Corp. (NYSE: CVS) reported Tuesday that its profit for the fiscal fist quarter rose 24 percent on stronger sales, as revenue rose 32 percent.

Industrial conglomerate Tyco International Inc. (NYSE: TYC) posted weaker than expected earnings for its fiscal second quarter on Tuesday, as the company incurs costs for a planned breakup later this year.

Shares of Armor Holdings Inc. (NYSE: AH) jumped more than 5 percent in Monday trading after the company agreed to be acquired by BAE Systems for $4.1 billion.

Starbucks Corp. (Nasdaq: SBUX) said Monday that it would end the use of artery clogging trans fats in food and beverages in the continental U.S., Alaska and Canada by the end of 2007.

Shares of broadcasting and entertainment company Entercom Communications Corp. (NYSE: ETM) fell on Monday after the firm reported a slight first quarter loss, hurt by a weaker March.

German sportswear maker Puma AG (PUM.XE) reported a slight rise in its fiscal first quarter earnings, but cut its 2007 outlook for full-year sales and profit.

Progress Energy Inc. (NYSE: PGN) reported a stronger than expected first quarter on Monday, citing stronger performance from restructuring efforts.

Johnson & Johnson wholly owned firm Conor Medsystems LLCsaid, said on Monday that it will end clinical trials of its CoStar drug coated stent after it failed to meet its primary goal.

Reuters Group Plc (LON: RTR) has been approached by Thomson Corp. (TSE: TOC) for a possible takeover deal worth $15 billion, according to published reports on Friday.

Insurance broker Aon Inc. (NYSE: AOC) posted an 8 percent increase first quarter profit Thursday, on strong revenue growth in its Americas division.

U.S forest products company Weyerhaeuser Co. (NYSE: WY) posted a quarterly profit on Friday, helped by gains from its transaction with Domtar Corp.

Washington Post Co. (NYSE: WPO) reported a 16 percent drop in first quarter profit on Friday, citing lower revenues in its newspaper publishing, magazine publishing and television broadcasting divisions.

Engineering and construction firm KBR Inc. (NYSE: KBR) reported that its first fiscal quarter profit rose 7.4 percent on Friday, helped by government and infrastructure operations for Iraq related contracts.

Eastman Kodak (NYSE: EK) posted a wider than expected loss for its first fiscal quarter, but the deficit was narrower compared to the previous year.

Shares of leading Internet portal Yahoo, Inc. (Nasdaq: YHOO), shot up more than 15 percent in pre-market trading on Friday after a published report stated that software giant Microsoft Corp. (Nasdaq: MSFT) is seeking to renew formal acquisition talks.