Pittston Co. (BBB/Stable/--) reported improved results for the second quarter of 2002, with income from continuing operations for the quarter totaling $19.1 million compared with $3.8 million for the second quarter of 2001. Revenues totaled $919 million, a 4% increase over the year-earlier period. Standard&Poor's Ratings Services said the announcement had no impact on its rating or outlook on the company. All operating units reported improved operating results. The most noteworthy improvement occurred at BAX Global, which reported a profit of $3.7 million versus a loss of $8.3 million (after eliminating the effect of goodwill amortization) in the second quarter of 2001. BAX Global also reported a year-over-year increase in revenues, its first such increase in over a
