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BUSINESS BRIEFS/IN BRIEF.(TO THE POINT)

Investor's Business Daily

| May 02, 2005 | COPYRIGHT 2005 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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 ...

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