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.

Dow Chemical Profit Falls 60%

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Dow Chemical Co. said its second-quarter earnings slid 60% on higher sales costs and an unfavorable comparison with the year-earlier period, though results beat market expectations.

Boeing Boosts Guidance

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Boeing boosted its earnings guidance for the year as its second-quarter earnings climbed 52%, buoyed by continued strong demand for the aerospace giant's jetliners.

Biogen Idec's Profit Surges

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Biogen Idec said robust sales of its multiple-sclerosis treatments Tecfidera and Tysabri helped drive up its earnings by 46% in the second quarter.

Japan Backs Overseas Use of Coal

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Japan plans to increase support for coal-fired power plants in developing nations, in a direct challenge to U.S. policy.

Data-Storage Provider EMC's Profit Falls

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Data-storage provider EMC said its second-quarter earnings fell 16% as an increase in revenue was offset by a rise in costs.

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