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A.G. Edwards Inc. said its profit rose 14% in the second quarter to $82.3 million, or 86 cents a share, led by gains in stock trading and asset management. The results beat analyst estimates of 80 cents and 82 cents a share, according to First Call Corp. Revenue grew 15% to $636 million.
* Eyeglass maker Luxottica Group said it’s cutting 110 jobs at its Rochester, N.Y.-based headquarters of Ray-Ban Sun Optics Inc. in the next two months. Italy’s Luxottica, which also owns the LensCrafter chain of optical stores, bought Ray-Ban from Bausch & Lomb Inc. for about $640 million in cash in June.
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