Business

European price war squeezes Lufthansa hard

European airline giant Lufthansa on Tuesday reported tumbling net profits in the second quarter, saying higher operating costs and a European short-haul price war ate into the bottom line.

Automotive

Ferrari sales, profits accelerate

Luxury sports carmaker Ferrari beat analyst expectations on Friday as sales and profits accelerated in the second quarter despite the global auto market hitting the brakes.

Other

FAA puts out a call for pilots to test changes in Boeing jet

Federal safety officials are recruiting pilots from airlines around the world to test changes that Boeing is making to the flight-control software on the grounded 737 Max jet, according to two people briefed on the situation.

Business

Baidu Q2 revenue beats expectations but profit drops

Chinese internet giant Baidu regained momentum during the second quarter, posting better-than-expected revenue on Tuesday thanks to strong traffic growth, though it also announced a huge drop in net profit.

Automotive

BMW profits dented by electric vehicle investment costs

German high-end carmaker BMW on Thursday reported slumping second quarter profits, with pricey investment in electric cars sapping the bottom line, but it remained confident of hitting its financial targets.

Business

Google/Alphabet sees fresh growth amid antitrust woes

Google parent Alphabet's stock price leapt Thursday after reporting stronger-than-expected results in a quarterly update coming amid growing scrutiny of technology firms by antitrust regulators.

Business

Tencent Q2 earnings beat estimates on gaming growth

Chinese internet giant Tencent said Wednesday its net profit jumped 35 percent in the second quarter, as the company continued to wriggle out of Beijing's crackdown on online gaming and build mobile game growth.

Business

Coca-Cola shares bubble up on higher profits

Coca-Cola's move to sell soda in smaller packages helped soften the blow from consumers who increasingly reject sugary drinks, shoring up profits in the second quarter and adding some fizz to its share price on Tuesday.

page 1 from 2