Among the earnings stories for Wednesday, Aug. 12, from AP Financial News: Top stories: DOWNERS GROVE, Ill. (AP) ¿ Sara Lee Corp. posted a smaller fiscal fourth-quarter loss as impairment charges declined from a year ago, but unfavorable exchange rates still dampened revenue for the food maker. Other stories: NEW YORK (AP) ¿ Macy's Inc. posted a lower second-quarter profit as the department store chain's results were weighed down by costs for consolidations and store closings. JIASHAN, China (AP) ¿ Chinese solar maker ReneSola Ltd. posted a second-quarter loss as revenue fell 52 percent from a year ago. NEW YORK (AP) ¿ WuXi PharmaTech Inc., which provides research and development outsourcing for the pharmaceutical and biotechnology sectors, said its second-quarter profit rose 72 percent on better margins and lower expenses. SHANGHAI (AP) ¿ Solar cell maker JA Solar Holdings posted a wider second-quarter loss on sharply lower revenue, stock-related expenses and buying back bonds.
NEW YORK (AP) ¿ China Automotive systems Inc., which makes power steering components and systems, said its net income rose 28 percent, helped by a boost in sales and falling expenses. NEW YORK (AP) ¿ Liz Claiborne Inc. said that its second-quarter loss widened as the apparel maker's sales dropped amid the ongoing economic downturn. BATESVILLE, Ind. (AP) ¿ Hillenbrand Inc., which provides funeral products and services, said its fiscal third-quarter profit fell slightly on lower burial demand and a weak flu and pneumonia season. DANBURY, Conn. (AP) ¿ Ethan Allen Interiors Inc. reported a fiscal fourth-quarter loss due mostly to a large restructuring and impairment charge, but its adjusted results met analysts' estimates.