Shell Profit Drops, to Cut 6,500 Jobs

Shell reported a sharp fall in second-quarter profit and said it would cut 6,500 jobs, illustrating the strain sustained low oil prices are putting on large producers.

Deutsche Bank Lifts Profit

Deutsche Bank said its quarterly profit rose to $873.52 million, boosted by revenue gains and lower taxes.

RBS Posts Rise in Profit

Royal Bank of Scotland reported a rise in second-quarter net profit as the once global bank continued its retreat to the U.K.

Lufthansa Profit Rebounds

Lufthansa second-quarter profit rebounded sharply even as the airline faces troubled labor relations and a compensation dispute with the families of survivors from the crash of a Germanwings jetliner.

Diageo's Operating Profit Edges Down

Diageo reported lower operating profit for the year as the world's largest spirits maker logged lower revenue in North America, Asia and Latin America.

AstraZeneca Boosted by Licensing Deals

AstraZeneca reported an increase in second-quarter revenue, driven by income from licensing deals, though profit continued to fall as the company plowed heavy investment into new drugs it hopes will replace its old blockbusters.

Siemens Profit Falls on Weaker Energy Business

German industrial conglomerate Siemens reported a slight decline in quarterly profit, held back by weak growth at its power and gas division as it continues to be squeezed by low global oil prices.

Nokia Beats Expectations on Higher Software Sales

Nokia reported a better-than-expected second-quarter profit boosted by significantly higher software sales, which offset challenging market conditions.

Sanofi Lifted by Biotech and Lower Costs

Sanofi reported a 68% jump in second-quarter net profit, lifted by its biotech business and lower costs.

Santander Posts Sharp Rise in Profit

Santander reported a near 18% rise in second-quarter net profit lifted by higher fees and stronger lending.

Facebook, Google Tighten Grip on Mobile Ads

Facebook's revenue jumped 39%, fresh evidence of its allure to big brands, as it and Google increasingly take the lion's share of the fast-growing mobile advertising market.

Twitter Shares Fall After Report Revives User Base Questions

Investors in Twitter drove down the company's share price 15% on Wednesday after a disappointing quarterly report a day earlier.

Sony Net Profit Surges in First Quarter

Sony's net profit more than triples in April-June on strong sales in its videogame and smartphone image sensor divisions.

Samsung Profit Falls, as Smartphone Sales Disappoint

Samsung said net profit for the second quarter fell 8% from a year earlier, as sales of the company's flagship Galaxy S6 smartphone fell short of expectations.

SoftBank Committed to Sprint Turnaround

SoftBank is still committed to turning around Sprint, the struggling U.S. wireless carrier it bought in 2013, the company's president said at the Converge tech conference in Hong Kong.

Qihoo 360's Plan to Go Private Will Help Its Business, China Renaissance CEO Says

Chinese Internet security-services firm Qihoo 360 Technology Co.'s $9 billion plan to go private is being done for the right reasons, namely to help its business, an investor in the consortium bidding to take it private said.

India's Snapdeal Targets Profitability Within Three Years

Chief Executive Kunal Bahl said the e-commerce company aims to be profitable in two to three years as it invests millions in technology infrastructure.

Singapore Sovereign-Wealth Fund Expects Lower Returns

Singapore's sovereign-wealth fund warns that it expects lower returns over the next five to 10 years because of the stalled global economy.

Canada's Suncor Operating Profit Falls

Suncor Energy Inc., Canada's largest crude-oil producer, reported a second quarter net gain late Wednesday even as its operating profit fell due to weaker global crude prices.