Earnings Report

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.

Asian stock markets rose Wednesday after Wall Street gained on strong corporate earnings amid U.S.-Chinese trade tensions.

Germany's struggling Deutsche Bank says net profit fell to 401 million euros in the second quarter from 466 million euros a year earlier as the bank incurred higher costs from its restructuring.

A U.S. district judge approved AT&T's $85.4 billion acquisition of Time Warner in June.

Whirlpool executives have emphatically supported Trump administration tariffs on raw materials such as steel and aluminum and imported appliances.

The company's aeronautics business, which makes the F-35 jet, posted a 8.1 percent rise in revenue to $5.32 billion.

Verizon said it added 398,000 subscribers who pay a monthly bill on a net basis.

Harley-Davidson Inc. (HOG) on Tuesday reported second-quarter profit of $242.3 million.