Earnings Report

Payment processing giant Visa says its fiscal third-quarter profits rose an adjusted 36 percent from a year ago, helped by an 11 percent increase in the amount people spent on its namesake network.

The social media giant is on track to wipe out all of this year's gains and enter bear market territory.

The latest on developments in financial markets (all times local): 9:35 a.m.

Shares of the big carmaker have fallen 10% on a year-to-date basis

General Motors, facing rising commodity costs in a trade showdown with Europe and elsewhere, cut its outlook for the year.

Coca-Cola is reporting strong profit and revenue numbers, thanks in part to rising demand for Diet Coke and Coca-Cola Zero Sugar in North America.

Norfolk Southern Corp. (NSC) on Wednesday reported second-quarter net income of $710 million.

United Parcel Service Inc. (UPS) on Wednesday reported second-quarter profit of $1.49 billion.

Fiat Chrysler Automobiles has lowered its full-year targets after second-quarter profits sank by 35 percent, but confirmed the carmaker had eliminated its net industrial debt.

The world's biggest planemaker said it expects full-year revenue to be between $97 billion and $99 billion.

Drug maker GlaxoSmithKline says second-quarter revenue was 7.3 billion pounds ($9.6 billion), up 4 percent when discounting currency shifts, amid a promising performance of a new shingles treatment.

Net income attributable to the company's shareholders rose to $2.32 billion.

UPS said net income rose to $1.49 billion, or $1.71 per share.

The Detroit automaker reported quarterly net income of $2.39 billion, or $1.81 a share.

Boston Scientific Corp. (BSX) on Wednesday reported second-quarter profit of $555 million.

Anthem Inc. (ANTM) on Wednesday reported second-quarter earnings of $1.05 billion.