Business - Investor's Business Daily

The maker of heating and cooling systems for vehicles swung to a Q4 profit of 26 cents a share, 10 cents higher than estimates, on higher sales to commercial vehicle makers. Net sales rose 22% to $396.8 mil, topping views of $379.3 mil. Gross margin widened to 15.1% from 14.1%. Modine Manufacturing sees 2012 EPS of $0.95-$1.05, the midpoint below views, on sales growth of 12%-16%, generally above views. Shares surged 6.6% to 14.97. Full Story »

The maker of medium- and heavy-duty trucks said Q2 EPS soared 143% to $1.02, but missed by 15 cents due to costs related to the launch of its new engines as well as expenses for legacy products. Sales rose 22% to $3.36 bil, topping forecasts of $3.3 bil. Operating profits at its truck and parts segments rose, but dropped at its engine unit. Navistar raised the low end of its full-year EPS outlook to $5.50-$6, above views of $5.44. Shares fell 6.3% to 58.90. Full Story »

Nintendo (OTCPK:NTDOY) unveiled a high-definition version of its hit Wii gaming console, adding a touch-screen to its controller and additional features to appeal to hard-core gamers. The 6.2-inch controller also will offer video-call capabilities, an apparent bid to reclaim share lost to smartphones, like Apple's iPhones, that are often used to play video games. Nintendo rose 1%. Apple fell 1.8%. Full Story »

The biggest U.S. carmaker's share price has fallen about 26% this year, but it says its board hasn't made a decision to buy back shares, which could boost its stock price. CEO Dan Akerson said the company won't make that decision until the gov't decides its plans for its stake in the company, possibly later this year. GM's U.S. auto sales in May fell short of analysts' expectations, as higher prices and lower incentives by the company and many of its larger rivals led consumers to put off purchases. GM shares rose 0.8% to 28.78. Full Story »

Goldman Sachs upgraded the chipmaker, saying programmable logic device shipments are now nearly in line with normal levels, with overshipments moderating. It also has benefited from upgraded expectations for capital spending from telecom carriers. Xilinx (NASDAQ:XLNX - News) had its price target raised to $33 from $25, though Goldman said it still favors rival Altera (NASDAQ:ALTR - News), which is seen having less exposure to sectors under pressure. Xilinx shares climbed 1.3% to 34.20. Full Story »

The data storage firm offered to replace millions of potentially compromised electronic keys after acknowledging that a security breach at its RSA division led to a hacker attack on client Lockheed Martin last month. Other defense contractors are seen as targets too. EMC said it will replace SecurID keys for any customer who asks. The device generates new passwords a user must enter along with a PIN. EMC slid 1% to 27.06. Full Story »

Sony and Toshiba are in talks to combine their units that make small LCD panels for smartphones and tablet computers like those in Apple's (NASDAQ:AAPL - News) iPad and iPhone, and may sell a stake to the Japanese gov't for $1.2 bil, sources said. The new unit would pass Sharp as the biggest LCD panel maker. Sony fell 1.9% to 25.27. Full Story »

The medical device maker said an FDA advisory panel in July will review its application to sell a replacement heart valve designed to eliminate the need for open-heart surgery. Edwards Lifesciences' Sapien aortic valve can be inserted through the arteries via a catheter. If approved by the FDA, it would be the first transcatheter valve sold in the U.S.. Edwards has sold such valves in Europe since 2007. The global market is seen at $2 bil a year. It edged up 0.5% to 86.47. Full Story »

Endo Pharmaceuticals (NASDAQ:ENDP - News), a maker of branded and generic drugs, sees 2011 EPS of $4.20-$4.30, below views for $4.40. It expects sales of $2.35 bil-$2.45 bil, below consensus expectations of $2.53 bil. Shares rose 0.8% to 40.52. Full Story »

Some U.S.-listed Chinese companies these days resemble ducks in a shooting gallery. Full Story »