ING Boosted by Growing Loan Book
ING reported a rise in second-quarter profit as the Dutch lender
expanded its loan book, booked a gain from an asset sale and
reduced its loan-loss provisions.
Société Générale Boosted by Market Volatility
Société Générale said second-quarter net profit jumped 25%,
lifted by the performance of its large equity and derivatives
trading business and a debt valuation adjustment.
Rare Lizard Thwarts Indian Giant
An Australian court has overturned approval for Adani Group, one
of India's biggest conglomerates, to build a huge coal mine in
Queensland after activists raised concerns about its impact on the
yakka skink.
Skymark Creditors Reject Delta, Opt for Funding Plan Backed by ANA
Creditors of Japan's financially troubled Skymark Airlines chose
ANA Holdings Inc. to support the carrier's rehabilitation, blocking
an alternative plan submitted by a creditor that sought help from
Delta Air Lines.
Sunrun Prices IPO at $14 a Share
Sunrun Inc. priced its initial public offering at $14 a share
late Tuesday, in line with expectations, according to people
familiar with the deal.
Disney Defends ESPN as Consumers Cut Cords
A conference call to discuss Walt Disney Co.'s financial results
Tuesday became a forceful defense of ESPN in an age of cable
cord-cutting, reflecting Wall Street's concerns about the brand's
future.
DreamWorks Animation Loss More Than Doubles
DreamWorks Animation loss more than doubled in the second
quarter, as the studio struggles to revamp operations.
Ailing Travelers CEO Fishman to Exit
Jay S. Fishman is stepping down Dec. 1, handing over his job to
Alan D. Schnitzer, who runs the company's largest segment.
Plains All American Pipeline Posts Lower Revenue
Plains All American Pipeline LP said revenue fell 40.5% as the
master-limited partnership said it has a "cautious" near-term
outlook.
First Solar's Profit Surges
First Solar Inc.'s second-quarter profit surged on higher
project revenue and a one-time tax gain.