Business News

AP News - 26 minutes ago

PARIS (AP) — French carmaker Renault says its profits in the first half of the year rose, partly thanks to lower costs as its revenue dropped.The maker of the Twingo and Clio hatchbacks said Tuesday its net income rose to 749 million euros ($1 b ...more

AP News - 27 minutes ago

Aetna's second-quarter profit climbed more than 2 percent, as gains from an acquisition helped the health insurer beat analyst expectations and raise its 2014 earnings forecast again.The Hartford, Connecticut, company said Tuesday it now expects ...more

AP News - 29 minutes ago

NEW YORK (AP) — Pfizer's second-quarter earnings plunged 79 percent from last year, when the world's second-largest drugmaker booked a business spinoff gain of more than $10 billion, but results in the most recent quarter still edged analyst expectatio ...more

AP News - 38 minutes ago

WHITEHOUSE STATION, N.J. (AP) — Merck & Co. (MRK) on Tuesday reported earnings that more than doubled in its second quarter, and topped analysts' expectations.The Whitehouse Station, New Jersey-based company said net income increased to $2 b ...more

AP News - 1 hour ago

GENEVA (AP) — Switzerland's biggest bank, UBS, reported Tuesday a 15 percent rise in second-quarter profit, driven by strong results from its core wealth management business and trimmed-down investment banking franchises despite a tough market environm ...more

AP News - 1 hour ago

RABAT, Morocco (AP) — The International Monetary fund has announced a new, two-year $5 billion credit line for Morocco to support reform efforts.The new support follows up on an earlier two year credit agreement approved in 2012 to protect Moroc ...more

AP News - 2 hours ago

TOKYO (AP) — McDonald's in Japan is increasing its checks on chicken from vendors in China and Thailand after allegations a Chinese supplier sold expired chicken. It says the scare will hurt its earnings.The U.S. fast-food chain's Japan unit on ...more

AP News - 2 hours ago

LONDON (AP) — Energy company BP warned Tuesday that further international sanctions on Russia could hurt its profits because of its stake in the country's oil giant, Rosneft.The company said any erosion of its relationship with Rosneft — which i ...more

AP News - 2 hours ago

BERLIN (AP) — Deutsche Bank AG posted a 29 percent drop in second-quarter net profit Tuesday, hit by higher taxes, declining revenue and political instability affecting financial markets.Germany's largest bank said its net profit in the April-Ju ...more

AP News - 4 hours ago

TOKYO (AP) — Honda's quarterly profit surged nearly 20 percent on demand for remodeled cars in Japan and elsewhere in Asia. The Japanese automaker also raised its full-year profit and sales forecasts.Honda Motor Co. reported a profit Tuesday of ...more