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* Upscale women’s clothier St. John Knits International Inc. in Irvine posted net income of $7.3 million, or 93 cents a share, for the second quarter, up nearly 38% from $5.3 million, or 65 cents a share, a year earlier. Sales rose 15% to $97.1 million.
* FPL Group Inc. plans to finish building and own a power plant in Blythe that can light about 388,000 homes, doubling the company’s electricity output in California.
* Northrop Grumman Corp. is offering to build 40 B-2 stealth bombers for the Air Force at a fixed price and would absorb any cost overruns. The program would cost the Pentagon about $29.4 billion.
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