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.