Ericsson Chief Departs After Profit Plunge 

Ericsson CEO Hans Vestberg is stepping down as the Swedish telecom-equipment maker struggles with slowing demand and fierce competition.

 
Philips Profit Lifted by Health Technology 

Philips reported a 57% rise in second-quarter net profit as it benefited from a strong performance of its health-technology operations and cost savings.

 
Julius Baer Assets Lifted by Brexit Trading Boost 

Julius Baer said the Swiss bank's assets under management rose 4% in the first half of this year, as its results for the period were bolstered by a trading boost from the U.K.'s vote to leave the European Union.

 
Ryanair Posts 4% Profit Rises, Sticks With Forecasts 

Ryanair stuck to its earnings target for the year after first-quarter profit rose 4%-bucking a trend for European carriers, whose earnings have been hit by shocks including terrorist attacks, air-traffic-control strikes and Brexit.

 
BP Tries to Regain Its Footing With the 2010 Spill Behind It 

BP is under pressure from investors and analysts to show it can rejoin the ranks of the world's biggest oil companies now that the costs of the deadly Gulf of Mexico spill have largely come under control.

 
Verizon Finalizes $4.8 Billion Deal to Acquire Yahoo 

Verizon has agreed to pay $4.8 billion to acquire Yahoo, ending a drawn-out auction process for the beleaguered internet company. The web pioneer once had a market capitalization of more than $125 billion.

 
Huawei's First-Half Revenue Up 40% 

Huawei Technologies didn't disclose a revenue breakdown by business segment, but analysts said the Chinese technology giant, which is increasing its share of the global smartphone market, has seen revenue growth from its carrier business.

 
Tesla Races to Finish 'Gigafactory' in Time for Model 3 Rollout 

Tesla is scrambling to finish building its massive $5 billion battery factory to meet demand for its coming cheaper sedan and provide power for new types of vehicles CEO Elon Musk says are under development

 
Nations Move to Counter Trade Backlash 

Finance chiefs from the world's largest economies say the benefits of growth need to be shared broadly to help ward off protectionism.

 
'Star Trek' Leads Box Office While 'Ice Age' Underwhelms 

Hollywood's sequel slowdown continued this weekend, this time with "Star Trek Beyond" and "Ice Age: Collision Course" faring worse than their predecessors at the box office.

 
Nintendo Shares Take Hit From Warning on 'Pokémon Go' Earnings 

After soaring over the previous two weeks, shares in Nintendo plunged Monday following a company warning that the smash-hit smartphone game "Pokémon Go" would make a limited contribution to its earnings.

(END) Dow Jones Newswires

July 25, 2016 02:50 ET (06:50 GMT)

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