Procter & Gamble's profit tumbled 80 per cent, the fourth consecutive quarter of declines, as it took a $2bn hit from Venezuela's currency crisis, which added to adverse foreign exchange rates elsewhere and restructuring charges that ate into earnings.
The Greek government is facing another crisis this weekend as Alexis Tsipras, the prime minister, comes up against increasing opposition over the country's latest bailout package.
Royal Dutch Shell said Thursday it'll cut about 6,500 jobs and capital investment this year as it restructures and dumps some businesses to prepare for a "prolonged downturn" in oil prices.
U.S. stocks opened lower on Thursday after data showed that the U.S. economy grew at a slower-than-expected pace in the second quarter even as the Federal Reserve left doors open for a possible rate hike in September.
Out-going Boeing CEO Jim McNerney delivered a bombshell recently, adding to the controversy over the Export Import Bank. (AP). Comments.