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OfficeMax Posts 2Q Profit

ITASCA, Ill. — OfficeMax Inc. on Thursday posted a second-quarter profit compared with a year-ago loss, as the office supplies retailer cut operating expenses. It also forecast improved operating income margin for the full year.

For the quarter ended July 1, the company reported net income of $26.4 million, or 35 cents per share, versus a prior-year loss of $22.7 million, or 28 cents per share.

BNP Profit Rises 31% on Derivatives, Consumer Banking (Update7)

Aug. 2 (Bloomberg) -- BNP Paribas SA, France's largest bank by market value, said second-quarter profit climbed 31 percent as revenue from equity derivatives doubled and consumer banking earnings rose. The shares gained the most in almost 3 1/2 years.

Net income advanced to 1.9 billion euros ($2.44 billion) from 1.46 billion euros a year earlier, the Paris-based lender said today. It didn't provide earnings per share. Profit beat the 1.73 billion-euro median estimate of 13 analysts surveyed by Bloomberg News. Revenue increased 40 percent to 7.25 billion euros.

``These results are excellent, and I am optimistic for BNP for the coming quarters,'' said Emmanuel Soupre, who helps manage $19 billion, including BNP shares, at Banque de Neuflize Gestion in Paris. ``The corporate and investment bank is clearly in attack mode and is now a force to be reckoned with.''

Chief Executive Officer Baudouin Prot plans to hire 600 people this year for the investment banking unit, including 200 for equity derivatives, where BNP is trying to catch up with rival Societe Generale SA.

Extendicare Announces 2006 Second Quarter Results and ...

MARKHAM, ONTARIO--(CCNMatthews - Aug. 2, 2006) - Extendicare Inc. (TSX:EXE.A)(TSX:EXE)(NYSE:EXE.A) released its financial results for the second quarter ended June 30, 2006.

- Q2 health care earnings of $0.28 per share

- Reorganization Status and Information Update

- Assisted Living Concepts six month pro forma performance

Extendicare Inc. today reported a 2006 second quarter loss from continuing operations of $1.1 million ($0.01 loss per diluted Subordinate Voting Share), as a result of the reorganization described below. This compared to earnings of $30.0 million ($0.43 per diluted Subordinate Voting Share) in the 2005 second quarter. Restructuring costs and related taxes associated with the Reorganization totalled $21.7 million ($0.32 loss per diluted share) in the 2006 second quarter.

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