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July, 31, 2016

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Business > Company Focus
Ford's 2Q profit falls on trouble in US, mainland China
Ford Motor Co.'s net income fell 9 percent to US$2.0 billion in the second quarter as the company struggled with flattening U.S. sales and a tougher market in mainland China.
 
Business is booming at Google's parent company, Alphabet Inc., even as it loses billions of dollars on kooky-sounding projects that may never produce any revenue.
 
French energy giant EDF on Thursday approved a contested plan to build Britain's first nuclear power station in decades but the British government said it would wait before taking a final decision.
 
Microsoft is cutting more jobs from its smartphone hardware and global sales divisions by shedding an additional 2,850 positions, the company said Thursday.
 
Online giant Amazon said Thursday profit in the second quarter surged ninefold as cloud computing and other services helped produce a fifth consecutive profit.
 
The pharmaceutical arm of Chinese conglomerate Fosun plans to buy a majority stake in India's Gland Pharma Ltd. for as much as US$1.26 billion, in what is being touted as the biggest Indian acquisition by a Chinese company.
 
Apple of your eye
A display of protective covers hangs in a new Apple Store in Williamsburg, Brooklyn, New York, Thursday, July 28.
 
Global steel giant ArcelorMittal on Friday posted a sharp US$1.1 billion increase in second quarter profits, driven by rising steel prices and a one-off gain from a deal at its U.S. subsidiary.
 
Innolux Corp. (群創), one of Taiwan's leading flat panel makers, said Friday that its results for the second quarter of this year improved, with a net loss narrowing from a quarter earlier at a time when large-sized screen prices have been recovering due to rising demand.
 
Facebook on Wednesday reported a huge quarterly profit jump fueled by strong growth in revenues and its global user base, powering shares higher for the top social network.
 
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