Rolls-Royce Chief Executive Warren East is promising to inject a greater sense of urgency into the British engine maker’s turnaround effort as the company reported a fall in sales and profit.
Spain’s Repsol said its net profit fell 44% in the second quarter, as strong refining results couldn’t offset the effect of falling crude prices and the one-time gains that boosted its bottom line in the same quarter a year ago.
Nokia reported a better-than-expected second-quarter profit boosted by significantly higher software sales, which offset challenging market conditions.
Sony’s net profit more than triples in April-June on strong sales in its videogame and smartphone image sensor divisions.
Lawsuits over worker classification are casting an investment chill over startups and are prompting some founders to switch their business models.
Small renewable-power companies are trying to light up India’s hard-to-reach rural regions.
Whole Foods reported disappointing results for the third quarter, increasing concerns about slowing growth at the natural-foods grocer.
The release of Windows 10 holds promise for the PC industry, whose global shipments are down 21% from their 2011 peak. But will the new operating system reverse a smartphone driven decline?
British actress Jane Birkin has asked Hermès International to remove her name from its iconic Birkin bags made with crocodile skin, objecting to what she said were cruel methods used on farms that raise the reptiles.
Northrop Grumman and General Dynamics reported better-than-expected quarterly results and raised full-year guidance, driven by aerospace segments.
Anheuser Busch InBev said its net profit fell in the second quarter, missing analysts’ expectations as weakness in the U.S., Europe and Brazil weighed on sales.
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 reported lower operating profit for the year as the world’s largest spirits maker logged lower revenue in North America, Asia and Latin America.
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.
High-level talks to wrap up a 12-nation Pacific trade pact have put one set of Hawaii’s locals on edge: Maui’s sugar cane operation, which is concerned that U.S. concessions to growers in other countries could hurt its business model.
Rovio touts new version’s special goodies as it launches in a crowded gaming marketplace.
On-demand valet-parking service Luxe Valet is the latest tech startup to convert its independent contractors to employees with benefits.
The analysts say the tanker operators have kept capacity in check, helping their financial results amid a slow recovery in iron ore markets
The Federal Reserve kept rates near zero but cited progress in the U.S. job market, a sign it remains on course to raise interest rates in September or later this year.
A forward-looking indicator of home sales slipped in June, but remained well above year-ago levels, a sign the housing market is stabilizing.
French car maker Renault reported an 86% rise in net income as strong European demand and an increase in sales to its partner auto makers boosted revenue, but investors punished the company for failing to do even better.
Sanofi reported a 68% jump in second-quarter net profit, buoyed by its biotech business and lower costs.
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.
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.
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.
The health-insurance industry is being reshaped, in part because of efforts by Aetna’s Mark T. Bertolini, who has struck a deal for Humana, and Anthem’s Joseph Swedish, whose company is seeking to acquire Cigna.
Cybercriminals are exploiting publicly available information and weaknesses in corporate email systems to trick small businesses into transferring large sums of money into fraudulent bank accounts.
Metals and elements permeate language, but the gold standard is constantly changing. These days, the use of metallic adjectives is more popular than ever, as makers of cars and airplanes tinker with alloys.
Facebook posted a 39% rise in second-quarter revenue, a sign that deep-pocketed big brands are spending more to advertise across the social network. But expenses grew even faster, rocketing up 82%.
Altria Group nudged its earnings guidance higher on Wednesday, as improved cigarette shipment volumes led to better-than-expected revenue in the June quarter.