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Business News
Deutsche Bank barely ekes out profit in 2nd quarter
BERLIN (AP) -- Deutsche Bank says its second-quarter profit dropped 98 percent as the company pushed ahead with a restructuring effort and uncertainty over events such as Britain's vote on European Union membership weighed on markets....
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Lower oil prices push Norway's Statoil to Q2 loss
COPENHAGEN, Denmark (AP) -- Norwegian oil and gas company Statoil ASA posted a loss in the second quarter, pushing it to rein in investment this year....
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Airbus profits up but problems persist with A400M, A350
PARIS (AP) -- Airbus Group suffered 1.4 billion euros in losses linked to its troubled A400M military transporter and A350 passenger jet in the first half of the year, though profits rose thanks to asset sales and a satellite launch merger....
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Daimler breaking ground on $500M South Carolina plant
NORTH CHARLESTON, S.C. (AP) -- Mercedes-Benz Vans is breaking ground on a new $500 million assembly plant to build Sprinter vans in South Carolina, an operation that will add about 1,300 jobs to the state's burgeoning automotive workforce....
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Nissan quarterly profit down 11 pct on yen, shrinking sales
TOKYO (AP) -- Japanese automaker Nissan Motor Co. is reporting a 136.4 billion yen ($30.7 million) profit for the fiscal quarter through June, down nearly 11 percent from the same period a year ago....
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