Deutsche Bank Profit Plunges Amid Turnaround Effort 

Deutsche Bank said its second-quarter net income fell sharply to $22 million, hurt by performance declines in trading, investment banking and other core areas.

 
Bayer Second-Quarter Profit Rises 

German pharmaceuticals and chemicals company Bayer reported a 19% rise in net profit for the second quarter of 2016, while revising its forecast for the full year.

 
Airbus Books New Write-Downs 

Airbus Group reported new earning impairments on two of its biggest airplane programs and posted a 4% drop in operating profit.

 
Santander Profit Dented by Restructuring Costs 

Banco Santander booked an anticipated charges to cover branch closures and layoffs.

 
Peugeot Profit Lifted by Cost Cuts 

French car maker Peugeot said net profit more than doubled in the first half of 2016 as the company sharply reduced its costs linked to restructuring charges, taxes and debt.

 
Apple Sales Cool Off as Rivals Heat Up 

Apple said its quarterly profit fell 27% as the company grappled with the first prolonged slump in iPhone sales since the product was introduced in 2007.

 
Twitter Revenue Growth Dwindles; Outlook Disappoints 

Twitter continued the string of disappointing quarterly reports under chief Jack Dorsey with its worst-ever revenue growth and weak user numbers.

 
LG Display to Invest $1.75 Billion in OLED Display Production 

LG Display said it would invest $1.75 billion to produce small-size flexible organic light-emitting diode displays for use in mobile phones.

 
Analog Devices to Acquire Linear Technology for $14.8 Billion 

Analog Devices agreed to acquire fellow chip maker Linear Technology in a cash-and-stock deal worth $14.8 billion.

 
Qualcomm to Pay to Settle Claims of Bias Against Women 

Chip maker Qualcomm Inc. will pay $19.5 million to settle claims that women at the company receive lower pay and fewer chances for promotion than men.

(END) Dow Jones Newswires

July 27, 2016 02:58 ET (06:58 GMT)

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