Telefónica Posts Rise in Net Profit

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Telefónica reported a 4.9% rise in second-quarter net profit, as it booked smaller a depreciation of its fixed assets, offsetting another decline in revenue.

Blame It on the World Cup

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Companies selling TVs, sports drinks and snacks scored, but the makers of washing machines lost out.

Siemens Posts Rise in Profit

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Siemens reported a rise in quarterly profit but the declining value of the dollar and other currencies against the euro led to lower revenue and order intake.

Samsung's Mobile Chief Faces Pressure

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The head of Samsung's mobile division, J.K. Shin, is facing pressure as weakening phone sales propel the company toward a third straight quarter of operating-profit declines.

Amazon Ups the Ante in India

Related Link: will invest $2 billion to expand in India as competition for customers heats up in the fast-growing, South Asian e-commerce market.

Sony Posts Surprise Profit

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Sony reported an increase in its net profit for the April to June quarter, as gains in its game business outweighed deteriorating results in its mobile unit.

BAE First-Half Profit Rises

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British aerospace company said first-half profit rose 4.5% as it focused on controlling cost amid continued pressure on military spending and currency challenges from the strong British.

Diageo Hit by China Slowdown

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Diageo said weakness across emerging markets led to a fall in full-year profit as the U.K. liquor maker suffered from a huge drop in demand in China, the world's biggest liquor market.

Lufthansa Posts Decline in Profit

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Lufthansa said its second-quarter net profit fell from a year earlier due to strikes, adverse currency effects and overcapacity on its North American and European routes.

Argentina Teeters on Default as Talks Collapse

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Argentina teetered on the brink of its second default in 13 years after talks with bondholders collapsed late Wednesday. The setback, after glimmers of hope in recent days that an agreement could be reached, sent Argentine stocks plunging in after-hours trading.

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