Royal Dutch Shell Hires Nokia Chief

Royal Dutch Shell said Nokia's Jorma Ollila will become its chairman, concluding an eight-month search.

Ollila, Nokia's chairman and chief executive, will succeed Aad Jacobs in the non-executive role at Shell on June 1, Shell said.


Gutierrez to Lead Latin America Mission

U.S. Commerce Secretary Carlos M. Gutierrez, right, will lead a trade mission to El Salvador, Guatemala and Honduras Oct. 16 through Oct. 22. The trip's purpose is to show opportunities in the three countries to 10 to 15 yet-to-be-selected U.S. companies after approval of the Central American Free Trade Agreement.


Royal Ahold Suffers From Falling Dollar

Royal Ahold, the Dutch owner of Giant Food and other U.S. supermarkets, said second-quarter sales fell 1 percent, to $12.8 billion, from the corresponding quarter a year ago because of the dollar's decline against the euro.

Absent the decline, sales would have been up slightly, the company said.

Unilever, whose products include Ben & Jerry's ice cream, Dove soap and Lipton tea, reported a 27 percent drop, to $970 million, in second-quarter profit. Sales were $12.47 billion, up 1.4 percent.

Total, the French multinational oil company, said second-quarter profit rose 42 percent, to $3.88 billion. Revenue increased 19 percent, to $41.67 billion.

Compiled from news service reports.