AP - Deutsche Telekom AG said Thursday its second-quarter net profit dropped 35 percent as the strength of the euro, the continued exit of traditional landline consumers and higher debt costs ate into revenue. However, Europe's biggest telecom maintained its full-year earnings forecast.

AP - Blockbuster Inc.'s second-quarter loss deepened, but the struggling movie rental chain showed some signs of progress by wringing more revenue from its stores while lowering its costs.

AP - Lenovo Group Ltd., the world's No. 4 PC maker, said Thursday its quarterly profit rose 65 percent as strong sales in China and emerging economies offset weakness in the United States.

AP - Nestle SA, the worlds biggest food and drink company, reported 6.1 percent growth in first-half net profit Thursday despite rising transport and raw materials costs and slowing bottled water sales amid criticism from environmentalists.

AP - Toyota said Thursday that its fiscal first-quarter profit plummeted 28 percent and stuck to its forecast that full-year profit with fall for the first time in seven years as it faces more problems from the weakening U.S. market.

Reuters - Freddie Mac , one of the major players in the U.S. mortgage market, on Wednesday posted its fourth straight quarterly loss as it braced for a prolonged housing market slump by setting aside twice as much money for bad loans and cutting its dividend by at least 80 percent.

Reuters - Time Warner Inc said it would split AOL's dial-up Internet and advertising businesses into separate divisions by early 2009, a move that could make a sale or merger of either business easier.

Reuters - Blackstone Group LP posted a second-quarter loss as tight credit markets curtailed buyouts, but the private equity firm said on Wednesday the choppy economic environment offered some investment opportunities.

AP - Freddie Mac on Wednesday posted a second-quarter loss that was more than three-times larger than Wall Street expected as a huge number of borrowers with good credit fell behind on their exotic and risky mortgages.

AP - Sprint Nextel Corp.'s up-and-down road to recovery continued Wednesday as the company reported adjusted second-quarter results that beat Wall Street expectations as well as a slower loss of subscribers.

Reuters - Allianz beat expectations with a 29 percent fall in net profit to 1.524 billion euros ($2.36 billion) in the second quarter, despite losses at Dresdner Bank, but said it was abandoning its 2009 profit goal in face of difficult markets.