Credit Suisse returns to profit

Philips sees 54% fall in profits
Philips Electronics says second quarter profits fell by more than half despite strong sales in emerging markets.

Mitsubishi UFJ profit drops 64%
Japanese banking giant, Mitsubishi UFJ Financial has posted a 64% drop in its second-quarter profit but reiterated its lowered full-year forecast.

Wal-Mart's profits beat forecast
The largest US retail chain, Wal-Mart, sees third-quarter profits rise 10%, but says customers are under pressure.

Oil giant Total's profits up 35%
French oil group Total reports a 35% rise in third-quarter profits despite a recent 5% fall in production.

Eurozone is on verge of recession
The eurozone's economy shrank by 0.2% in the second quarter of the year, according to the European Commission.