Credit Suisse Posts Jump in Profit, Shakes Up Investment Banking

Swiss bank Credit Suisse said a surge in fees from stock and bond sales helped push net profit 24% higher in the second quarter, as its new chief executive put his stamp on the bank with a plan to simplify its structure. 


 
Airbus Further Trims A350 Output

Airbus reported an underlying loss of EUR1.23 billion in its second quarter and announced a further cut in production of its A350 jet. 


 
Standard Chartered Profit Slumps as Impairments Surge

's second-quarter underlying profit fell 40% as credit impairments jumped to $611 million amid the prolonged coronavirus pandemic. 


 
Total Takes $8 Billion Write-Down on Weak Oil Outlook

The French energy giant is reducing the value of its Canadian oil-sand assets and LNG assets in Australia, citing higher costs and lower demand. 


 
AB InBev Impairment Hits Net Profit

AB InBev posted an above-forecast underlying profit of $3.41 billion in the second quarter, but its bottom line was hammered by a hefty impairment charge against its African business. 


 
Volkswagen Swings to Loss

Volkswagen reported a loss of EUR1.4 billion in the first half and reiterated its warning on the outcome for the year. 


 
Samsung Posts Second-Quarter Net Profit of $4.67 Billion

Samsung Electronics reported a significant boost in its second-quarter net profits, aided by a one-time gain in its display business and the continuing coronavirus-fueled bump in memory chip demand. 


 
Qualcomm Inks Deal With Huawei Despite U.S., China Tensions

U.S. mobile phone chip giant Qualcomm said it resolved a licensing dispute with Huawei Technologies and inked a long-term deal with the smartphone maker despite heightened tensions between the U.S. and China. 


 
Amazon Continues to Probe Employee Use of Third-Party Vendor Data, Jeff Bezos Says

Amazon.com Inc. Chief Executive Jeff Bezos said the company continues to investigate the allegations behind a Wall Street Journal article in April that detailed how Amazon employees used individual third-party seller data to develop Amazon-branded products. 


 
Tupperware Shares Surge as Company Pushes Turnaround Effort

The container company's shares jumped 68% after is said that it weathered coronavirus-related shutdowns and that it was looking for ways to deal with about $500 million in debt obligations coming due next year.