AP - Sony Corp.'s profit plunged to $326.9 million (34.98 billion yen) — about half what the Japanese electronics and entertainment company recorded the previous year.

AP - Toshiba Corp. said Tuesday it swung to a net loss of $107.91 million (11.6 billion yen) in the April-June quarter due to a slump in semiconductor sales.

AFP - Europe's main stock markets fell on Monday with focus on the aviation sector as Ryanair posted slumping profits and Airbus moved closer to sealing a multi-billion dollar order for its planes.

Reuters - Top U.S. meat producer Tyson Foods Inc reported lower-than-expected quarterly profit on Monday as higher feed prices produced a loss in its chicken unit, while $75 million in hedging and forward pricing losses pared profits in its beef business.

AP - Verizon Communications Inc.'s second-quarter earnings rose 12 percent, the company said Monday, while revenue was slightly shy of expectations and customers disconnected their landlines faster than before.

AP - Wall Street retreated Monday, taking the Dow Jones industrials down more than 170 points as investors' anxiety about the financial sector had them selling stocks across the market. Bond prices rose, the beneficiaries of investors' latest search for a safe haven.

Reuters - Verizon Communications Inc posted a higher quarterly profit on wireless sales, but its shares fell on worries about declining land lines as growth in its FiOS television subscribers missed some estimates.

Reuters - Kraft Foods Inc posted higher-than-expected quarterly profit on Monday as price increases and gains on hedging positions offset rising costs for energy and commodities like wheat.

Reuters - Wall Street earnings are "unlikely" to recover in the second half of this year meaning New York City's fiscal deficits could soar above the mayor's forecasts, the state comptroller warned on Monday.

AP - Kraft Foods Inc. reported growth in the second quarter Monday, as consumers, undeterred by price increases, abandon restaurants for less costly meals at home and the company benefits from its restructuring plan.