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Earnings Roundup: Alpha Natural, Fortune Brands

The Associated Press

Among the earnings stories for Thursday, Aug. 4, from AP Business News:

â¿¿ Coal producer Alpha Natural Resources Inc. said it lost $56.4 million in the second quarter after booking charges related to its acquisition of rival Massey Energy and expenses from the deadly explosion at Massey's Upper Big Branch mine in West Virginia.

â¿¿ Fortune Brands Inc.'s second-quarter net income rose 45 percent including accounting for the sale of its golf business while its revenue excluding the business rose almost 6 percent.

â¿¿ Central European Distribution Corp., parent company of vodka maker CEDC International sp.zo.o., returned to a profit in its second quarter partly because of strong vodka volume growth in Poland.

â¿¿ Energy company El Paso Corp. said its second-quarter net income jumped 78 percent on a hedging gain and higher energy prices.

â¿¿ Florida electric utility Teco Energy posted higher second quarter profit as economic conditions improved slightly in the company's service territory and interest
Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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