Economy



Delta Q2 profit rises 17%

ATLANTA: Delta Air Lines Inc. said second-quarter earnings rose 17 percent, topping analysts’ expectations, as passengers flew more miles at higher average fares and fuel spending declined.



Boeing boosts 2014 profit forecast after solid quarter

WASHINGTON: US aerospace and defense giant Boeing raised its full-year profit outlook after a strong second quarter that saw profit soar 52 percent on higher jetliner deliveries.



Google ‘made failed bid for Spotify’

NEW YORK: Internet titan Google tried last year to buy streaming music service Spotify but backed off for reasons including a whopping price tag, the Wall Street Journal reported.



Microsoft profit hurt by Nokia, but revenues jump

NEW YORK: Microsoft said profits took a hit from its newly acquired Nokia phone division but that revenues got a strong lift from cloud services.



Apple profit climbs along with iPhone sales

Apple has reported that its quarterly profit climbed with strong iPhone demand, but a decline in iPad tablet sales put a damper on its results.



Apache eyeing mineral rights in bid to unlock value

HOUSTON: US oil and gas company Apache Corp.



Daimler Q2 profit boosted by new models

FRANKFURT: Germany’s Daimler reported a 12 percent gain in underlying second-quarter operating profit, propelled by Mercedes as its new C-Class and E-Class models helped the luxury auto maker lift mar



Chrysler to recall 792,300 SUVs for ignition problem

WASHINGTON: Chrysler said it would recall up to 792,300 sport utility vehicles to fix an ignition-switch problem, the same part involved in the massive General Motors recall.



ABB still dogged by problems in power systems

ZURICH: Charges linked to costly delays to offshore wind and solar power projects pushed ABB’s second-quarter earnings below forecasts, sending its shares down 2 percent.

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