India's Jet Airways Hopes to Turn Profit in 2017

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Jet Airways (India) Ltd. announced details of a three-year plan to boost revenue and slash costs, hoping to become profitable by the year ending March 2017.

Freeport-McMoRan Revenue Rises

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Freeport-McMoRanInc. posted stronger-than-expected revenue for its second quarter, buoyed by its entry into the oil and gas business.

For Apple, iPhone Roars and iPad Whimpers

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Apple reported a 13% jump in iPhone sales as it heads into a major refresh of the company's flagship product, but iPad sales slid for the second consecutive quarter.

Alstom Upbeat on Trains as Sales Jump 16%

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Alstom said train sales jumped 16% in the first quarter and is upbeat about the outlook for the division, underscoring its decision to focus on its transport business and sell its power assets.

BCE to Take Bell Aliant Unit Private

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Canadian telecommunications giant BCE to buy out minority shareholders of its Bell Aliant Inc. division for about 3.95 billion Canadian dollars ($3.68 billion).

Pepsi Raises Outlook

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Pepsi said its second-quarter revenue rose, helped by higher beverage and snack volumes, as it increased its earnings outlook for the year.

GSK Reduces Full-Year Earnings Forecast

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GlaxoSmithKline downgraded full-year earnings expectations, as its second-quarter profit was hit by currency moves, weak sales of its respiratory drugs and the continuing bribery investigation in China.

Delta Air Lines Profit Rises 17%

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Delta Air Lines Inc. said its second-quarter earnings jumped 17%, driven by higher passenger and operating revenue as traffic increased.

Northrop Profit Boosted by Lower Costs

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Northrop Grumman Corp. on Wednesday reported a 4.7% increase in second-quarter profit as the defense contractor cut costs, masking a decrease in sales.

Simon Property Profit Jumps

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Simon Property Group said its second-quarter profit rose 20% as occupancy and rents increased; the company also raised its earnings outlook for the year.

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