Ingersoll-Rand Q2 Profit Rises Sharply (IR)

Ingersoll-Rand Plc (NYSE: IR), a diversified global company providing products, services and solutions to improve the comfort of air in homes and buildings, transport and protect food and perishables, secure homes and commercial properties, on Friday, reported its second-quarter financial results, posting an increase in profit. IR’s second-quarter results improved from a tax benefit.

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FPA Capital Fund Buys DeVry, Newfield Exploration, InterDigital and Patterson-UTI in Q2 (DV, NFX, IDCC, PTEN)

FPA Capital Fund has an excellent long-term track record. The fund has always invested conservatively. As of June 30, 2012, the fund had 30% of its assets in cash.

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Baker Hughes Shares Surge as Q2 Profit Beats Estimates (BHI)

Shares of oil services provider Baker Hughes Incorporated (NYSE: BHI) surged on Friday after the company reported better-than-expected second-quarter profit, driven by 12% increase in revenue. BHI’s second-quarter revenue also beat Street estimates.

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