The latest crop of quarterly earnings shows global industry in rude health. Germany’s Siemens, heralding its 
“best result of all times” displayed an industrial order book up by almost a third. Operating profit more than doubled at earth moversCaterpillar of the US and Komatsu of Japan. Germans are moaning about a dearth of engineers; Boeing grumbles about capacity constraints. (FT)
Oil Prices Lift Total’s Profit French oil major Total posted a 43% increase in second-quarter net profit, boosted by stronger production, higher oil prices and a stronger dollar.
Demand Rebound Drives Michelin to Profit French tire maker Michelin said it swung to profit in the first half of 2010 as demand rebounded on a recovery in the auto industry.
Alcatel-Lucent Sticks to Forecast Telecommunications-equipment maker Alcatel-Lucent reported a second-quarter net loss on Friday, but confirmed its full-year forecast.
MetLife Swings to Better-Than-Expected Profit MetLife reversed to a better-than-expected profit in the second quarter after large investment losses the prior year, though core revenue at the biggest U.S. life insurer fell short of views.
Samsung Posts Record Numbers on Strong Chip Sales The world’s top maker of memory chips and flat screen televisions reported a $4.23 billion profit from April to June, aided by strong sales of both of its key products.
Honda profit soars to record Japanese auto maker posts 36-fold increase in earnings; raises full-year forecast
Merck (MRK): Q2 EPS of $0.86 beats by $0.03. Revenue of $11.34B (+92.3%) vs. $11.45B.
Simon Property Group (SPG): Q2 EPS of $1.38 beats by $0.04. Revenue of $933M (+3.3%) vs. $917M.
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