(AP) - Among the earnings stories for Wednesday, April 16, from AP Financial
News:
Top stories:
MILWAUKEE (AP) -- Global demand for energy efficient buildings helped boost
second-quarter earnings 27 percent for building and auto systems maker Johnson
Controls Inc., the company reported Wednesday.
Other stories:
GLENVIEW, Ill. (AP) -- Illinois Tool Works Inc., which makes industrial
products and equipment, said Wednesday its first-quarter profit tumbled 25
percent, mainly as a result of impairment and European tax charges.
MINNEAPOLIS (AP) -- Piper Jaffray Cos. swung to a first-quarter loss as its
underwriting business slowed to a five-year low and severance charges weighed on
the bottom line, the investment bank said Wednesday.
KNOXVILLE, Tenn. (AP) -- Central and Southern Appalachian coal producer
National Coal Corp. said Wednesday its fourth-quarter loss widened, blaming
lower demand and slipping prices.
MARIETTA, Pa. (AP) -- Property and casualty insurance firm Donegal Group
Inc. said Wednesday its first-quarter earnings rose 22 percent due to increases
in earned premiums and investment gains.
HARRISBURG, Pa. (AP) -- Pennsylvania Commerce Bancorp's profit nearly
tripled in the first quarter as the bank's loan portfolio grew rapidly, the
company said Wednesday.
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