EasyJet on course for profit growth thanks to beach holiday demand

The guidance from easyJet, Europe’s second-biggest budget carrier, comes after it said in May that competitive pressure on ticket prices meant revenue per seat would be lower in this period, while air traffic control strikes in France would hit profits.

Coca-Cola sees profits rise despite strong dollar

Net income for the second quarter rose 19.8% to $3.1 billion while revenues dropped 3.3% to $12.16 billion.

Qualcomm to cut jobs, costs

The San Diego-based company, a leading supplier of chips used in smartphones, said it will slash roughly $1.4 billion as part of a “strategic realignment plan”. Jana, which owns a chunk of Qualcomm’s stock, has pressured the company to spin off its chip division from its patent licensing business.

Trains resume service into New York after power problems

NJ Transit bus and private carriers were honoring rail tickets and passes out of the Port Authority Bus Terminal.

Appointed team completes review, concludes Wayne County in financial

Rick Snyder confirmed a state review team’s finding that Wayne County is operating under a financial emergency.

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