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DIVERSIFIED
ITT up on Q1 jump, outlook boost
The electronics maker rose 6.5% to 90.46 after reporting a 22.8% rise in Q1 profit to $1.13 ex items. Views had seen $1.04. ITT Industries' revenue rose 24.5% to $1.88 bil. Night vision products pushed the defense unit's sales up 53% to $775.7 mil. Industrial demand lifted fluid technology sales 11% to $640 mil. ITT raised its '05 outlook to $5.10-$5.25, against views of $5.14.
** Bayer earned $841.4 mil, up 56% and topping estimates. Sales climbed 16% to $8.6 bil on stronger results at its chemicals and plastics units. Shares rose 3% to 32.25.
MEDIA
Clear Channel to split up holdings
The No. 1 U.S. radio station operator will spin off its live entertainment business and sell 10% of ...