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Samsung's Mobile Chief Is in the Hot Seat

1 hour ago (Thu, 31 Jul 2014 09:33:13 EDT)

The head of Samsung's mobile division, J.K. Shin, is facing pressure as weakening phone sales propel the company toward a third straight quarter of operating-profit declines.

Blame It on the World Cup

17 minutes ago (Thu, 31 Jul 2014 11:13:43 EDT)

Companies selling TVs, sports drinks and snacks scored, but the makers of washing machines lost out.

For Coke in U.S., No Opportunity Too Small

34 minutes ago (Thu, 31 Jul 2014 10:57:26 EDT)

Coca-Cola can no longer lean on its foreign markets for reliable growth, which means it must turn around its U.S. business. That won't be easy, as Americans are drinking less soda.

U.S. Oil Exports Ready to Sail

3 minutes ago (Thu, 31 Jul 2014 11:28:02 EDT)

A tanker of oil from Texas set sail for South Korea, the first unrestricted sale of unrefined American oil since the 1970s.

Exxon Profit Jumps 28%, But Production Declines

1 minute ago (Thu, 31 Jul 2014 11:30:38 EDT)

Exxon said its profit for the second quarter rose 28%, despite pumping oil and gas at the lowest rate in almost five years.

Siemens Cautious on Energy Unit

3 hours ago (Thu, 31 Jul 2014 07:42:04 EDT)

Siemens posted a rise in second-quarter profit but the German engineering giant warned that its energy business remains a challenge and conflicts around the globe increasingly threaten its expansion plans.

Adidas Warns on Profit

4 hours ago (Thu, 31 Jul 2014 06:42:25 EDT)

Adidas issued a profit warning for the year and postponed targets for 2015, citing challenges at its golf business as well as risks surrounding consumer sentiment in Russia and the region.

Target Picks Pepsi Veteran as New CEO

5 minutes ago (Thu, 31 Jul 2014 11:26:14 EDT)

Target is bringing in PepsiCo executive Brian Cornell as its new CEO, turning to an outsider for the first time in its history to repair a battered corporate culture and navigate a sea change in shopping habits.

Boeing to Build New 787 Dreamliner in S. Carolina

13 hours ago (Wed, 30 Jul 2014 21:33:08 EDT)

Boeing plans to build a new version of its flagship 787 Dreamliner jet exclusively at its nonunion factory in South Carolina.

AB InBev Scores with World Cup

6 hours ago (Thu, 31 Jul 2014 05:26:56 EDT)

Anheuser-Busch InBev reported that strong sales volume growth and cost cuts boosted net profit in the second quarter, driven in part by World Cup sales.

Sony Reports Profit, Weak Phone Sales

23 minutes ago (Thu, 31 Jul 2014 11:07:50 EDT)

Sony reported a surprise first-quarter profit but sharply cut its forecast for smartphone sales, dealing a blow to the Japanese electronics maker's recovery.

L-3 Records Charge for Accounting Problems

21 minutes ago (Thu, 31 Jul 2014 11:09:41 EDT)

L-3 Communications disclosed accounting irregularities linked to an aerospace logistics support contract and signaled it would take an initial $84 million pretax charge as it cut its full-year profit guidance.

Time Warner Cable Results Improve

5 minutes ago (Thu, 31 Jul 2014 11:26:25 EDT)

Time Warner Cable Inc.'s second-quarter profit and revenue improved as the company added more Internet customers, but results just missed analysts' expectations.

Alibaba Discusses Snapchat Stake

17 minutes ago (Thu, 31 Jul 2014 11:14:36 EDT)

Snapchat is in discussions to raise a new round of financing from Alibaba in a deal that could value the mobile-messaging app at about $10 billion.

Brazil's Vale Hurt by Write-downs From Commodities Boom

1 hour ago (Thu, 31 Jul 2014 09:39:12 EDT)

Brazilian mining company Vale SA reported lower-than-expected net profit in the second quarter as prices for iron ore fell to a four-year low and the company continued to write off assets.

Diageo Hit by China Slowdown

5 hours ago (Thu, 31 Jul 2014 05:55:46 EDT)

Diageo said weakness across emerging markets led to a fall in full-year profit as the U.K. liquor maker suffered from a huge drop in demand in China, the world's biggest liquor market.

Panasonic to Help Build Tesla Battery Plant

3 hours ago (Thu, 31 Jul 2014 08:17:41 EDT)

Panasonic will invest in equipment and machinery for a battery joint venture with electric car maker Tesla Motors, but didn't say how much it will invest in the project.

Royal Dutch Shell Profit Jumps

5 hours ago (Thu, 31 Jul 2014 05:45:41 EDT)

The Anglo-Dutch oil group said that second-quarter profit more than doubled as it benefited from higher output of liquid petroleum and better prices for some products.

Drug Firms Buy $67.5 Million Voucher to Speed FDA Review

1 hour ago (Thu, 31 Jul 2014 10:16:02 EDT)

Regeneron Pharmaceuticals and Sanofi are spending $67.5 million to buy a special voucher held by BioMarin Pharmaceuticals in a bid to hasten regulatory review of their new cholesterol drug.

Lotus Looks for Edge in F1 Data Rush

2 hours ago (Thu, 31 Jul 2014 09:05:09 EDT)

Lotus says it can get more out of its Formula One race cars from the new ways that it collects data on their performance.

Sanofi Forecasts Profit Spurt

1 hour ago (Thu, 31 Jul 2014 10:07:30 EDT)

The French pharmaceutical group has raised its earnings outlook as it reported a jump in second-quarter profit on a strong showing by its biotech unit and stronger sales of diabetes treatments.

Turnaround 'Remains Challenging' at Avon

3 hours ago (Thu, 31 Jul 2014 07:44:51 EDT)

Avon said its second-quarter profit shrank as the beauty company continued to post lackluster sales, particularly in Latin America and North America.

Teva Pharmaceutical Swings to a Profit

3 hours ago (Thu, 31 Jul 2014 08:15:44 EDT)

Teva Pharmaceutical IndustriesLtd. said its swung to a profit in the second quarter, driven by strong gains in its generic medicine sales.

Lufthansa Posts Decline in Profit

8 hours ago (Thu, 31 Jul 2014 03:29:51 EDT)

Lufthansa said its second-quarter net profit fell from a year earlier due to strikes, adverse currency effects and overcapacity on its North American and European routes.

Amazon Ups the Ante in India

7 hours ago (Thu, 31 Jul 2014 03:52:35 EDT)

Amazon.com will invest $2 billion to expand in India as competition for customers heats up in the fast-growing, South Asian e-commerce market.

Kellogg's Profit Pressured by Cereal Sales

2 hours ago (Thu, 31 Jul 2014 08:31:45 EDT)

Kellogg said its second-quarter earnings fell, as the cereal-maker lowered its full-year outlook amid continued struggles for company's cereal unit.

Charter Communications Narrows Loss

3 hours ago (Thu, 31 Jul 2014 08:29:42 EDT)

Charter Communications recorded a narrower second-quarter loss as revenue rose and the company continued to benefit from growth in its online customer base.

Apache Mulls its International Assets

2 hours ago (Thu, 31 Jul 2014 09:02:04 EDT)

Apache Corp. said Thursday it is evaluating and exploring the possible separation of its international assets.

Darden Unveils $500 Million Buyback

42 minutes ago (Thu, 31 Jul 2014 10:49:33 EDT)

Darden Restaurants plans to repurchase $500 million in shares under an accelerated buyback program, using part of the proceeds of its Red Lobster sale to fund the deal.

Bunge Profit Soars

2 hours ago (Thu, 31 Jul 2014 09:23:27 EDT)

Bunge Ltd. said its second-quarter profit more than doubled as large crops and increased demand drove up sales in its main agribusiness segment.