Ireland's AIB Posts Landmark Profit

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One of Ireland's dominant lenders Allied Irish Banks, which avoided collapse during the country's banking debt crisis, posted its first profit since 2008.

Schneider Electric Profit Hit by Euro Strength

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French electrical equipment maker Schneider Electric's net profit in the first half of the year was again hit by currency swings which more than offset the profit it added from recently acquired Invensys.

Eni Faces Pressure to Diversify

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Eni's new chief executive, Claudio Descalzi, is facing pressure to diversify away from the African continent, which is beset increasingly by geopolitical turmoil—and the operational disruptions that go with that.

KPN Net Profit More Than Doubles

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Royal KPN said net profit for the second quarter more than doubled, boosted by a €451 million release of a provision related to the pension plan agreement in the Netherlands.

Lynas Faces Fight Over Refinancing

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Australian rare-earths miner Lynas Corp. is involved in a dispute over a debt-refinancing plan with bondholder Mount Kellett Capital Management, a U.S.-based hedge fund.

China Probes Microsoft Over Antimonopoly Issues

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Chinese officials said they are investigating whether Microsoft violated Chinese antimonopoly laws, stepping up tensions between the two countries' high technology suppliers.

Holcim Earnings Miss Expectations

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Holcim reported second-quarter earnings that missed expectations but reiterated it is on track to complete its tie-up with French rival Lafarge SA.

In Video Age, Film Gets a Reprieve

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A coalition of Hollywood movie studios is close to a deal to keep Eastman Kodak Co. in the business of producing movie film.

Amazon Calls for Hachette to Cut E-Book Prices

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Amazon.com described its dispute with the Hachette Book Group as a battle for lower consumer prices on digital titles and a bigger payday for writers.

New Benefit Options for Digital Temps

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Companies and groups are starting to fill the benefits gap for freelance workers, offering access to disability and other insurance that can make project work a little more secure.

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