Ford boosts outlook, second-quarter profit tops estimates
DETROIT (Reuters) – Ford Motor Co , the No. 2 U.S. automaker, boosted its full-year outlook and posted a second-quarter profit that trounced expectations on the strength of operations outside North America.
Arms makers boost profits despite Pentagon budget headwinds
WASHINGTON (Reuters) – U.S. arms makers reported higher quarterly earnings on Wednesday despite Pentagon budget cuts, with many raising their full-year forecasts, but the companies’ order books showed an increasingly tough market.
PepsiCo beats Street; CFO backs current portfolio
(Reuters) – PepsiCo Inc reported higher-than-expected quarterly earnings on Wednesday, as price increases and productivity improvements helped margins in the face of weak soft-drink sales in North America and Europe.
Factory activity rebounds in July: Markit
NEW YORK (Reuters) – Conditions in the U.S. manufacturing sector improved in July as firms enjoyed a rebound in new orders, took on new workers and increased output at the fastest clip in four months, an industry report showed on Wednesday.
Japan files WTO dispute against Russia over car import levy
GENEVA (Reuters) – Japan has filed a trade complaint against Russia over a fee it levies on car imports, the World Trade Organization (WTO) said on Wednesday, following a similar move by the European Union.
Lilly beats forecast, helped by soon-fading Cymbalta
(Reuters) – Eli Lilly and Co reported higher-than-expected quarterly earnings, helped by cost cuts and strong sales of Cymbalta, a depression treatment that will lose patent protection by year end, and the drugmaker raised its full-year profit forecast…
Japan’s ANA removing locator beacons from domestic Boeing 787s
TOKYO (Reuters) – Japan’s ANA Holdings Inc , which operates the world’s biggest fleet of Boeing Co 787 Dreamliners, said it is removing built-in locator beacons from eight of the jets plying domestic routes after investigators in Britain identified the…
WellPoint beats second-quarter estimates, raises 2013 outlook
(Reuters) – WellPoint Inc reported a much higher-than-expected quarterly profit on Wednesday, helped by lower than forecast medical costs in its employer-based insurance business and improvements in Medicaid operations after the purchase of Amerigroup …
RBS fined for reporting flaws worsened by ABN Amro deal
LONDON (Reuters) – Britain’s Financial Conduct Authority has fined Royal Bank of Scotland 5.6 million pounds ($8.6 million) for failing to report transactions the watchdog needs to help it spot market abuses.
Thermo Fisher second-quarter profit narrowly beats estimates
(Reuters) – Thermo Fisher Scientific Inc reported a second-quarter profit that was slightly ahead of analysts’ expectation, and said it was making progress in planning for its $13.6 billion acquisition of genetic testing company Life Technologies Inc ….
