ArcelorMittal Warns Lower Iron Ore Prices Will Dent Earnings

The London-listed steel maker has warned that it will miss its target for full-year earnings as the group bears the brunt of lower commodity prices despite swinging to a second-quarter net profit.



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Met Postpones Lockout by 72 Hours

The Metropolitan Opera put the brakes on a threatened lockout of its union employees Thursday night, agreeing to a 72-hour postponement.



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Kellogg's Profit Falls 16% as Cereal Sales Drop

The breakfast blues keep getting worse for the nation's biggest cereal maker, as Kellogg Co. said its earnings fell 16% in the latest quarter and reduced its outlook for the year.



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Smartphones Are the Next Frontier in Cybersecurity

Smartphone security will be a focus of the Black Hat security conference in Las Vegas next week as hackers develop new techniques to take over devices without alerting the user.



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Woodside Deal to Buy Back Shell Stake in Doubt

A deal for Woodside Petroleum to buy most of Royal Dutch Shell's interest in the company has been cast into doubt after a large number of investors opposed the proposal.



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L-3 Records Charge for Accounting Problems

L-3 Communications disclosed accounting irregularities linked to a U.S. Army contract, cutting its full-year profit guidance as it digested an initial $84 million pretax charge.



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Exxon Profit Jumps 28%, But Production Declines

Exxon shares fell nearly 3% after reporting higher second quarter profit on oil-pricing despite pumping oil and gas at its lowest rate in almost five years.



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Dodgers TV Weighs on Time Warner Cable

Time Warner Cable said months-long standoff with other major pay-TV distributors over the Los Angeles Dodgers sports channel is likely to weigh on its financial results for the year, the cable operator said Thursday.



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Adidas Warns on Profit

The German sporting goods company stunned investors by slashing its profit forecast for the year, citing challenges to its golf business, lower consumer spending in Russia and the cost of its World Cup marketing.



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Panasonic to Help Build Tesla Battery Plant

Panasonic will invest in equipment for a battery joint venture with electric-car maker Tesla, but terms of its investment in the project remain unclear.



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China Touts Free Market; U.S. Firms Wary

China is spreading the word about its ambitious new market reforms, but U.S. firms like Microsoft aren't buying.



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Infosys Taps Outsider to Lead Turnaround

Vishal Sikka, the incoming chief executive of Infosys, is inheriting a business struggling to transform itself into a global software and consulting brand.



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Rousseff, Allies Mobilize Against Opponents of Economic Policies

With a drumbeat of negative economic news weighing on Brazilian President Dilma Rousseff's chances at a second term, her administration is testing a new strategy: shoot the messenger.



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Southwest, SeaWorld End Partnership

Southwest Airlines and SeaWorld are terminating their 26-year-old marketing relationship, as the theme-park company faces pressure from animal-rights groups over the treatment of captive killer whales.



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USDA Overhauls Poultry-Inspection System

The U.S. Department of Agriculture unveiled on Thursday the first major overhaul of the nation's poultry-inspection system in more than fifty years.



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U.S. Wages and Benefits Rise

U.S. employers' labor costs rose in the second quarter at the fastest rate in nearly six years, a sign that a tightening labor market may be raising pressure on companies to boost worker pay.



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Mobileye's IPO Prices Above Forecast

Mobileye NV's initial public offering priced above the auto-technology company's recently raised expectations, with 35.6 million shares being sold for $25 apiece, people familiar with the matter said.



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Valeant Makes Allergan Pitch, Reports Higher Profit

Valeant Pharmaceuticals posted improved second-quarter results and again made its case to acquire Allergan, but its financial guidance hurt shares.



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Public Storage Profit Rises

Public Storage's first-quarter profit rose 6% as the real-estate investment trust reported higher rents and occupancy.



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Alibaba Discusses Snapchat Stake

Snapchat is in discussions to raise a new round of financing from Alibaba in a deal that could value the mobile-messaging app at about $10 billion.



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Boeing to Build New 787 Dreamliner in S. Carolina

Boeing plans to build a new version of its flagship 787 Dreamliner jet exclusively at its nonunion factory in South Carolina.



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Wind Power Hopes for Sea Change

Germany's efforts to generate electricity from offshore wind farms have been marred by delays and cost overruns, but turbine maker Siemens and private-equity firm Blackstone are looking to buck that trend.



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FDA Seeks to Regulate Lab-Developed Tests

The FDA laid out a proposed new regulatory plan to oversee potentially thousands of laboratory-developed medical tests that the agency contends can be prone to errors.



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Alibaba Invests $120 Million in Mobile Gaming Firm

Alibaba Group Holding is backing another California startup, announcing a $120 million strategic investment in gaming company Kabam Inc. and a partnership to publish and distribute its free-to-play mobile games.



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Sony Cuts Phone-Sale Forecast

Sony reported a surprise first-quarter profit but sharply cut its forecast for smartphone sales, dealing a blow to the Japanese electronics maker's recovery.



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Diageo Hit by China Slowdown

Diageo said weakness across emerging markets led to a fall in full-year profit as the U.K. liquor maker suffered from a huge drop in demand in China, the world's biggest liquor market.



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Sanofi Forecasts Profit Spurt

The French pharmaceutical group has raised its earnings outlook as it reported a jump in second-quarter profit on a strong showing by its biotech unit and stronger sales of diabetes treatments.



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Siemens Cautious on Energy Unit

Siemens posted a rise in second-quarter profit but the German engineering giant warned that its energy business remains a challenge and conflicts around the globe increasingly threaten its expansion plans.



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Target Picks Pepsi Veteran as CEO

Target is bringing in PepsiCo executive Brian Cornell as its new CEO, turning to an outsider for the first time in its history to repair a battered corporate culture and navigate a sea change in shopping habits.



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AB InBev Scores with World Cup

Anheuser-Busch InBev reported that strong sales volume growth and cost cuts boosted net profit in the second quarter, driven in part by World Cup sales.



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Clock Ticks for Tax Avoidance Practice

U.S. companies taking advantage of a widely used tax-avoidance maneuver face a ticking clock: The days of ultralow interest rates, courtesy of the Federal Reserve, are numbered.



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McKesson Profit Falls, Despite Celesio Help

McKesson Corp. said its fiscal first-quarter earnings fell 5% despite the drug wholesaler's strong revenue growth.



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Tesla Motors' Loss Widens

Tesla Motors said its second-quarter loss widened to $62 million, or 50 cents a share, even as deliveries of its Model S sedan hit a new high.



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LinkedIn's Revenue Keeps Climbing

LinkedIn continued its steady revenue growth in the second quarter, posting strong gains from advertising, subscription services and its flagship recruiting business.



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GoPro's Revenue Rises, But Its Shares Fall

GoPro, in its first earnings report after its IPO, reported better-than-expected second-quarter results but still saw its shares decline.



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Energy Firms Make Use of Tax Deferrals

The U.S. energy boom is producing a little-noticed side effect: American oil and gas companies are paying less in federal income taxes, thanks to investment incentives that allow for billions of dollars in tax deferrals.



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Irish Firm Paddy Power Discloses Hacking

Irish betting company Paddy Power PLC said it had been hacked four years ago and personal information of nearly 650,000 customers had been stolen, including email addresses, dates of birth and answers to security questions.



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U.S. Judge Rules Microsoft Must Produce Emails Held Abroad

Microsoft must comply with a U.S. warrant for email stored in a company data center in Ireland, a federal judge ruled.



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China, Luxury Brands Drive Volkswagen Profit

The biggest part of Volkswagen's business, the iconic VW brand, is, however, faced with high costs, troubled markets and falling profitability.



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Pilgrim's Pride Still Seeking Acquisition Opportunities

Poultry producer Pilgrim's Pride, fresh from losing a bruising battle to buy Hillshire Brands, said it remains on the lookout for acquisitions and is expanding abroad.



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Discovery Communications Profit Rises

Discovery Communications boosted net income 26% in the second quarter, buoyed by its expanding international presence, though it lowered its earnings guidance slightly due partly to a slowing U.S. advertising market.



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Drug Firms Buy $67.5 Million Voucher to Speed FDA Review

Regeneron Pharmaceuticals and Sanofi are spending $67.5 million to buy a special voucher held by BioMarin Pharmaceuticals in a bid to hasten regulatory review of their new cholesterol drug.



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Iliad Makes Offer for T-Mobile US

French upstart telecommunications company Iliad has made an offer for T-Mobile US, in a bold bid to counter an offer for the country's fourth-largest wireless carrier by Sprint.



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Airlines Sue TSA Over Security Fees

A group of airlines sued the U.S. government over new passenger-ticket security fees following months of squabbling over charges that came into effect last week.



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FCC Questions Verizon Data-Speed Plan

The FCC took issue with Verizon's plan to reduce speeds for heavy data users on unlimited data plans at times of high demand.



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Teva Shareholders Back Directors Targeted by Dissidents

Shareholders of Teva Pharmaceutical Industries voted in favor of all of management's proposals at the company's annual meeting, the Israeli drug maker said Wednesday.



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Mixed Fortunes for European Car Makers

European car makers painted a murky portrait of the global auto industry as concerns about Russia and Latin America blunt the optimism fueled by a steady rebound in European auto demand.



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Scripps, Journal Communications to Divvy Up Assets

E.W. Scripps and Journal Communications struck a deal to put their newspaper operations into one company and their broadcast assets into another, following in the footsteps of rivals.



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Sprint Tries a Facebook-Only Plan

Sprint will soon let subscribers buy a wireless plan that only connects to Facebook, Twitter, Instagram or Pinterest for about $12 a month.



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Cash-Poor Venezuela Weighs Sale of Citgo

Venezuela, strapped for cash at home and staring down costly litigation overseas, is considering selling its U.S.-based refinery company Citgo Petroleum as well as a stake in a refinery run with Exxon Mobil.



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Drug Firms Buy $67.5 Million Voucher to Speed FDA Review

Regeneron Pharmaceuticals and Sanofi are spending $67.5 million to buy a special voucher held by BioMarin Pharmaceuticals in a bid to hasten regulatory review of their new cholesterol drug.



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Woodside Deal to Buy Back Shell Stake in Doubt

A deal for Woodside Petroleum to buy most of Royal Dutch Shell's interest in the company has been cast into doubt after a large number of investors opposed the proposal.



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Goodyear Profit Rises on North America Sales

Goodyear Tire reported a nearly 18% jump in its second-quarter profit as sales in North America, combined with some cost squeezing in Europe, offset the economic softness in other parts of the world.



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IAC/InterActive Swings to Loss as Revenue Falls

IAC/InterActiveCorp. swung to a second-quarter loss as revenue declined and the company took a write-down for its investment in online video service Aereo.



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FTD To Buy Provide Commerce for $430 Million

FTD Cos. agrees to buy the Provide Commerce flower and gifting businesses from Liberty Interactive for $430 million in cash and stock.



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Blame It on the World Cup

Companies selling TVs, sports drinks and snacks scored, but the makers of washing machines lost out.



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Coke: Contents Under Pressure

Coca-Cola Co. can no longer lean on its foreign markets for reliable growth, which means it must turn around its U.S. business. That won't be easy, as Americans are drinking less soda.



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U.S. Oil Exports Ready to Sail

A tanker of oil from Texas is preparing to sail for South Korea this week, the first unrestricted sale of unrefined American oil since the 1970s.



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AMC Networks in Talks to Buy BBC America Stake

AMC Networks Inc. is in talks to acquire a sizable minority stake in cable channel BBC America, creating a partnership between two TV companies known for high-quality shows.



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Lions Gate's CEO Paid $63.6 Million

The CEO of movie studio Lions Gate Entertainment was paid $63.6 million for the fiscal year ended in March, according to a Securities and Exchange filing.



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Endurance Specialty Terminates Aspen Offer

Endurance Specialty Holdings terminated its takeover offer for Aspen Insurance Holdings and abandoned proposals that Aspen's shareholders voted down Friday.



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Weight Watchers Earnings Decline, but Full-Year Guidance Increased

Weight Watchers International Inc. said its second-quarter earnings fell 17% on continued declines in the company's weight-loss meeting attendance, but the company said its transformation "remains on track" and it increased its 2014 earnings guidance.



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Yum Brands China Chains Hurt by Meat Supplier Reports

Yum Brands said news coverage concerning Shanghai Husi Food Co. has led to a "significant, negative impact" to same-store sales at KFC and Pizza Hut locations in China over the last 10 days.



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Allergan Defends Bylaws Amid Effort to Ward Off Valeant

Allergan is defending corporate bylaws that have emerged as a flash point in its effort to ward off a $53 billion hostile takeover by Valeant Pharmaceuticals.



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Internet Authority Pulled Into Compensation Fight

The world's main Internet address authority is engaging in a legal fight to protect Web domains tied to Iran, Syria and North Korea.



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Report Criticizes Wireless Carriers Over 'Cramming'

A report released Wednesday accused wireless carriers of standing by while consumers paid for fraudulent and unauthorized third-party charges on their phones bills.



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Glaser Made Permanent CEO Again at RealNetworks

RealNetworks Inc. said its board has decided to give the permanent chief executive position to Rob Glaser, who founded the company but had recently been serving as interim CEO.



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Icahn Further Cuts Family Dollar Stake

Carl Icahn's investor group further trimmed its stake in Family Dollar Stores, two days after the discount retail chain agreed to an $8.5 billion buyout offer from rival Dollar Tree.



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WellPoint Lifts View Despite Profit Drop

WellPoint said its second-quarter profit slipped as the health insurer recorded higher expenses, masking increases in both revenue and enrollment.



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Eni Hit by Nigeria Pipeline Sabotage

Eni said it had shut off some crude production following sabotage on a Nigerian pipeline.



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Benefit Costs Pare Humana's Profit

Humana's second-quarter profit falls 18% as increased benefit costs help to offset a jump in revenue.



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ITV Ignores Takeover Talk, Posts Profit Jump

ITV, the U.K.'s No. 1 over-the-air commercial broadcaster, said it is ignoring talk that it is a takeover candidate as it posted a 46% jump in profit on higher revenue.



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EU May Lower Minimum Import Price for Chinese Solar Panels

European solar-panel producers say the move is unjustified and will "further decimate" manufacturers in the region still reeling from competition from low-cost Chinese equipment.



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GM to Start Taking Crash Claims

General Motors on Friday starts taking applications from victims of accidents involving defective ignition switches in its small cars, promising the first payouts from the about $400 million fund by November.



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Whole Foods Again Lowers Sales View

Whole Foods said third-quarter earnings rose 6%, but the specialty supermarket again lowered its sales projections for the fiscal year.



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Yelp Swings to First Profit Since Public Debut

Yelp swung to a profit in the second-quarter, switching to the black side of the ledger for the fist time since its market debut in March 2012, and it raised its full-year revenue outlook.



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AMC Entertainment's Profit Plunges

AMC Entertainment Holdings Inc.'s second-quarter profit fell by nearly half as attendance at the company's movie theaters dropped.



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Kraft Foods Group Profit Tumbles

Kraft Foods Group Inc. said second-quarter profit fell more than 40%, as a slight increase in revenue couldn't offset a substantial extraordinary gain in the same quarter a year ago.



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Tullow Oil Sinks Into Loss

Africa-focused oil explorer Tullow Oil said it swung to a net loss in the first half of the year, largely due to a sharp rise in write-offs of exploration costs.



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Alibaba Discusses Snapchat Stake

Snapchat is in discussions to raise a new round of financing from Alibaba in a deal that could value the mobile-messaging app at about $10 billion.



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Cargill to Close Beef Slaughter Plant Due to Tight Cattle Supplies

Cargill Inc. said on Wednesday it is closing a Wisconsin beef plant that employs 600 workers, the latest example of how tight cattle supplies are roiling the meat business.



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Nintendo's Difficulties Worsen

Nintendo said its operating loss nearly doubled as the videogame maker faced sagging sales of its 3DS hand-held console.



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Kering 1st-Half Profit Up 7% Despite Weakness at Gucci

Kering SA said its first-half profit rose 7% on strong growth at some of its luxury brands, though a steep decline in sales at its flagship Gucci fashion house exposed how weakness in Asian markets continues to hit luxury firms.



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Hospira Profit More Than Doubles

Hospira Inc. said its second-quarter profit more than doubled, as the provider of injectable drugs and infusion technologies posted higher sales.



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Total, Europe Inc. Weigh New Sanctions

Total has stopped buying shares in Russian gas-producer Novatek while other European companies have expressed concern at the possible effects of the new sanctions on Russia.



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Telefónica Circles Mexican Rival

Telefónica said it is in talks to buy a Mexican rival, reported to be Iusacell, in a deal that could be worth as much as $4 billion.



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Boeing to Build New 787 in S. Carolina

Boeing plans to build a new version of its flagship 787 Dreamliner jet exclusively at its nonunion factory in South Carolina



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Samsung's Mobile Chief Feels Pressure Over Sales

The head of Samsung's mobile division, J.K. Shin, is facing pressure as weakening phone sales propel the company toward an expected third straight quarter of operating-profit declines when it reports results Thursday.



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German Companies Shrug Off Sanctions Impact

A weakening ruble through the first half of the year has already seen exports fall, something companies have already factored into their expectations.



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Project Exporting Gas to Japan Set For Green Light

The final investment decision on a plan to export liquefied natural gas from the Cameron plant in Louisiana is expected to get the final go-ahead next week.



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Phillips 66 Profit Falls

Phillips 66said its second-quarter earnings fell 9.9% amid weaker refining earnings, partly offset by growth in its chemicals segment.



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Dominion Resources Profit Falls 21%

Dominion Resources said its second-quarter earnings declined 21%, dented by milder weather and a one-time legislation-related charge.



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Valero Profit Rises as Refining Volume Jumps

Valero Energy said its second-quarter profit rose 26% as the company's refining segment recorded higher volumes and operating income.



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Schneider Electric Profit Hit by Euro Strength

French electrical equipment maker Schneider Electric's net profit in the first half of the year was again hit by currency swings which more than offset the profit it added from recently acquired Invensys.



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Researchers Fret as Social Media Lift Veil on Drug Trials

Drug makers and researchers are increasingly concerned that online chatter could unravel the carefully built construct of the 'blind' clinical trial.



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New Benefit Options for Digital Temps

Companies and groups are starting to fill the benefits gap for freelance workers, offering access to disability and other insurance that can make project work a little more secure.



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Regulators Say EPA's Climate Rule Poses Grid Challenges

President Barack Obama's proposed carbon-emissions rule for the nation's power plants will create new cost and reliability challenges for the U.S. electricity system, federal energy regulators said Tuesday.



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Flipkart Raises $1 Billion in Fresh Funding

India's largest e-commerce company, Flipkart Internet, raised $1 billion in fresh funding as it girds for competition with Amazon and an eBay-backed rival for dominance in the world's second-most-populous nation.



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The Waiting Game: Sprint and T-Mobile

The slow progress in Sprint's pursuit of T-Mobile is in part tied to the public nature of the deal. With all the details out, there isn't as much pressure to make an announcement.



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IRS Blesses Telecom's REIT Turn

Windstream's plan to spin off some of its telecommunications assets into a real estate investment trust comes as more U.S. companies seek to lower their taxes.



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UPS Profit Misses Expectations

United Parcel Service posted disappointing second-quarter earnings on higher spending and costs and lowered full-year earnings projections as it invests more heavily than expected to avoid problems this holiday season.



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Pfizer Still Looking to Buy

Pfizer said it was still looking at potential deals, including big ones, after earlier dropping its pursuit of British rival AstraZeneca.



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In Video Age, Film Gets a Reprieve

A coalition of Hollywood movie studios is close to a deal to keep Eastman Kodak Co. in the business of producing movie film.



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Blinded by the Blizzard of Hashtags

An informal experiment tests how many would-be Twitter catchphrases from marketers show up in a day of normal activity.



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FedEx Pleads Not Guilty to Illegal Drug Deliveries

FedEx Corp. pleaded not guilty Tuesday in San Francisco federal court on 15 charges related to transporting painkillers and other prescription drugs that had been sold illegally.



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Amazon Calls for Hachette to Cut E-Book Prices

Amazon.com described its dispute with the Hachette Book Group as a battle for lower consumer prices on digital titles and a bigger payday for writers.



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Bank of America Cuts Russia Exposure

Bank of America continues to cut its exposure to Russia amid increasing political tension in the region.



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U.S. Steel Loss Narrows

U.S. Steel's second-quarter loss narrowed as the company continues to cut costs amid a still-glutted global market.



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Eni Faces Pressure to Diversify Amid Geopolitical Risk in Africa

Eni's new chief executive, Claudio Descalzi, is facing pressure to diversify away from the African continent, which is beset increasingly by geopolitical turmoil—and the operational disruptions that go with that.



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Ameriprise Profit Rises

Ameriprise Financial Inc. said its earnings rose 16.5% as the financial-services company posted a strong performance in its advice and wealth-management unit.



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IAC/InterActive Unit Agrees to Buy Princeton Review

A unit of IAC/InterActive Corp. has reached a deal to buy test-preparation service The Princeton Review from Charlesbank Capital Partners, the companies said Tuesday.



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Equity Residential Results Rise on Rental Demand

Apartment developer Equity Residential reported second-quarter normalized funds from operations at the high end of its guidance, as demand for rental housing "remains exceptionally strong."



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SEC Investigating DreamWorks' 'Turbo' Write-Down

DreamWorks Animation SKG Inc. disclosed Tuesday that the U.S. Securities and Exchange Commission is conducting an investigation into the company's write-down on "Turbo," a summer 2013 film.



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China Probes Microsoft Over Antimonopoly Issues

Chinese officials said they are investigating whether Microsoft violated Chinese antimonopoly laws, citing compatibility issues with the tech firm's Windows and Office software.



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China Probes Former Chairman of Weetabix Owner

Chinese officials have launched an investigation into a former chairman of the Chinese owner of Weetabix breakfast cereal amid an anticorruption campaign that is spreading across business sectors in the country.



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EU, U.S. Expand Sanctions on Russia

The European Union and the U.S., after much agonizing debate, adopted broad economic sanctions against Russia on Tuesday to punish Moscow's unbending stance in the Ukraine conflict.



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In Prepaid Cards, Fortune Eludes the Famous

Suze Orman, Magic Johnson and Lil Wayne are among the celebrities who have shuttered or scaled back prepaid-card ventures, as they struggle to compete with plain-vanilla cards issued by big banks.



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NCAA Settles Head-Injury Lawsuit

The NCAA has agreed to settle a class-action lawsuit over head injuries. Plus, goalkeeper Tim Howard's TV career is expanding.



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'Ramadan Rush' Lifts U.K. Retail

High-end stores in London have long sold gifts to well-heeled Muslim tourists for the holy month of Ramadan, but more middle-market outlets are beginning to feel the effect as well.



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Italy's Mediaset Swings to Loss in First Half

Mediaset swung to a first-half loss, hurt by the long-lasting recession in Italy and a slow advertising market.



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Rewards, Risks for BP in Russia

BP reported a rise in second-quarter profit, boosted by its investment in Russian energy group Rosneft, but warned that further economic sanctions on Russia could adversely impact its business.



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Honda Profit Up 20%, Lifts Outlook

Honda said its earnings rose 20% in the latest quarter, benefiting from growth sales gain, and the Japanese auto maker raised its profit outlook for the full year.



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Panera Bread's Quarterly Profit Slips on Higher Costs

Panera Bread's second-quarter net profit slipped as higher costs masked an uptick in sales.



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Couche-Tard Buys 55 Convenience Stores in U.S. Midwest

Alimentation Couche-Tard Inc. Tuesday bulked up its operations in the U.S. Midwest by agreeing to acquire 55 convenience stores and related assets from privately held Tri Star Marketing Inc. for an undisclosed amount in cash.



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Renault Profit Surges on Cost-Cutting

Renault reported a steep rise in first-half profit, as the French car maker benefited from a cost-cutting drive and the absence of provisions that hurt its performance in the same period last year.



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Airbus Cancels Superjumbo Order

Airbus has canceled a $1.7 billion order for six A380 superjumbo jets from Japanese budget carrier Skymark Airlines, as it continues to struggle to sell the world's biggest passenger plane.



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Twitter's User Growth Picks Up

Twitter said its second-quarter revenue more than doubled and the company saw an uptick in user growth, signaling its efforts to make the short messaging service more appealing to the masses may be bearing fruit.



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Amgen Plans Job Cuts

Amgen announced plans to reduce its workforce by up to 15% as part of a restructuring that aims to focus the company's resources on developing new drugs and reducing the number of its locations.



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DreamWorks Animation Swings to Loss

DreamWorks Animation SKG Inc. swung to a second-quarter loss, as the film-animation studio saw revenues dive nearly 43%.



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Anadarko Profit Falls 76%; Hedging Impacts Mask Stronger Sales

Anadarko Petroleum Corp. said its second-quarter earnings fell 76% on hedging impacts that masked the oil-and-gas company's stronger sales.



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Sarepta CEO Sheds Some Sway Over Management

Sarepta Therapeutics Inc., which is seeking U.S. approval for a drug to treat a rare childhood disease, has recently moved to limit CEO Chris Garabedian's broad sway over operations, especially his role in talks with the FDA.



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Edwards Lifesciences Profit Soars

Edwards Lifesciences said its second-quarter profit surged amid continued sales growth for the company's nonsurgical heart valves as well as a big one-time settlement-related gain.



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McDonald's to Contest Labor Decision

The NLRB told McDonald's it will start allowing workers filing labor complaints to treat the fast-food giant as a "joint employer" with its franchisees.



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Osram Announces Cost Cuts, Job Cuts

German light manufacturer Osram Licht announced restructuring measures aimed at cutting costs that will involve shedding some 7,800 jobs.



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Electric Utilities Get No Jolt

Electricity sales look anemic for the seventh year in a row, despite Americans' growing use of gadgets and an improving unemployment rate.



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Activist Casablanca Claims Victory in Battle Against Cliffs Natural Resources

Activist investor Casablanca Capital LP proclaimed victory in its fight with iron-ore miner Cliffs Natural Resources Inc. on Tuesday, saying it had won a majority of the board in a shareholder vote.



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Iain Conn Named Centrica CEO

U.K. utility Centrica PLC confirmed one of the City of London's worst-kept secrets: its new chief executive will be former top BP PLC executive Iain Conn.



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NSA Concerns Boost Chinese Server Maker

Inspur, a Chinese server maker, is seeking to rival IBM in China, helped in part by Chinese worries about using U.S. gear in the wake of the NSA controversy.



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India Telecom Bharti's Profit Rises

Revenue and profit climb for Bharti Airtel, India's biggest telecommunications company by number of users.



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Ally Financial Swings to Profit

Ally Financial Inc., the lender partially owned by the U.S. government, swung to a profit in the second quarter as the firm bounced back from a year-ago quarter weighed down by a massive charge, while its core auto-lending business logged strong originations.



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Canadian Solar, Trina Solar Voice Displeasure at U.S. Move on Imports

Canadian Solar Inc. and Trina Solar Ltd. on Tuesday became the latest foreign solar companies to voice displeasure over potentially hefty antidumping tariffs on certain photovoltaic cells imported by the U.S.



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Raw-Sugar Falls to 3-Month Low

Raw-sugar prices fell to a three-month low Tuesday as top producer Brazil's harvest added to a global glut of the sweetener.



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Darden Chief to Depart in Shake-Up

Darden Restaurants shook up its leadership, announcing the departure of Chairman and Chief Executive Clarence Otis and opening the door for activist investors to gain some board seats.



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Reynolds American Profit Improves

Reynolds American Inc. said its second-quarter profit climbed 6.7% as higher cigarette and moist-snuff pricing helped offset lower cigarette volumes.



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McGraw Hill Financial Results Top Views

McGraw Hill Financial said its second-quarter profit and revenue jumped as demand grew for its ratings services.



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Nielsen Revenue Jumps 15%, Beats Expectations

Nielsen N.V. said its second-quarter revenue shot 15% higher, driven by both its watch and buy segments.



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International Paper Profit Falls

International Paper said its second-quarter profit fell as the paper company recorded restructuring charges and a drop in revenue.



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Eaton Profit Hurt by Litigation Costs

Eaton Corp. PLC said second-quarter earnings fell as the diversified manufacturer's results were weighed down by litigation charges, offsetting gains from divestitures in the company's aerospace group.



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Pfizer Results Beat Estimates

Pfizer said its results topped expectations, although its revenue declined as the company continued to see pressure from losing exclusivity on some products.



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Merck Profit Rises on One-Time Gain

Merck & Co. said its second-quarter earnings surged thanks to a one-time gain that masked a modest decline in revenue. The pharmaceutical company raised the low end of its per-share earnings estimate for the year.



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Aetna Beats Street, Raises Outlook

Aetna said its second-quarter profit rose as the insurer posted record medical membership and revenue, boosted by its acquisition of Coventry Health Care.



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China Probes Former Chairman of Weetabix Owner

Chinese officials have launched an investigation into a former chairman of the Chinese owner of Weetabix breakfast cereal amid an anticorruption campaign that is spreading across business sectors in the country.



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China Puts Microsoft Under Microscope

Chinese officials said they are investigating whether Microsoft violated Chinese antimonopoly laws, citing compatibility issues with the tech firm's Windows and Office software.



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Foxconn Confirms Death in China

Contract manufacturer Foxconn said an employee died in Shenzhen, China, reigniting concerns about the Apple Inc. supplier's labor practices.



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Hyundai Heavy Posts Record Loss

South Korea's Hyundai Heavy Industries posted its worst quarterly loss ever, hurt by a stronger local currency and discounts it has offered since last year to prop up sales amid a slowdown in the global shipbuilding industry.



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Reckitt to Spin Off Pharma Unit

Reckitt Benckiser said it would pursue a demerger of its pharmaceutical division, as the consumer-products maker reported a fall in second-quarter revenue.



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Klepierre to Buy Corio for $9.68 Billion

French real-estate company Klepierre, which owns shopping malls across Europe, is to buy Dutch rival Corio for €7.2 billion ($9.68 billion) in a deal that will create an industry leader with €21 billion worth of assets.



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'Ramadan Rush' Gives U.K. Retail a Lift

High-end stores in London have long sold gifts to well-heeled Muslim tourists for the holy month of Ramadan, but more middle-market outlets are beginning to feel the effect as well.



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BP Warns on Russia Sanctions

BP reported a rise in second-quarter profit, boosted by its investment in Russian energy group Rosneft, but warned that further economic sanctions on Russia could adversely impact its business.



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Orange Helped by Cost Cuts

France's Orange said cost savings continued to help offset declining revenue in some of its biggest markets in the first half.



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Roche Leukemia Treatment Approved

Roche said that the European Commission has approved its Gazyvaro treatment for chronic lymphocytic leukemia, the most common form of the disease.



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Honda Net Profit Grows 20%

Honda Motor Co. says its earnings rose 20% in the latest quarter, when it benefited from growth in global auto sales, but was held back by delayed model introductions.



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Renault Profit Surges on Cost-Cutting

Renault reported a steep rise in first-half profit, as the French car maker benefited from a cost cutting drive and the absence of provisions that hurt its performance in the same period last year.



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Money, Politics Stir Argentine Intrigue

Money-laundering allegations against Argentine construction baron Lázaro Báez are focusing attention on the wealth of President Cristina Kirchner and her late husband Néstor.



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Faurecia Raises Full-Year Profit Margin Goal

French auto parts maker Faurecia slightly raised its full-year profit margin target as sales in the first half of the year rose more strongly than expected.



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Huawei Smartphone Shipments Rise

China's Huawei Technologies Co. said its smartphone shipments rose 62% in the first half of this year, helped by strong demand in overseas markets such as Latin America and the Middle East for new handsets that work on faster-speed networks.



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Oracle Reduces Stock Grants to Larry Ellison

Oracle significantly cut its yearly stock-option grants to CEO Larry Ellison and other top executives nearly a year after a wave of shareholder opposition to compensation paid to the billionaire chief.



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Skymark in Talks to Cancel $1.7 Billion Airbus Order

Japanese low-cost carrier Skymark Airlines says it is in talks with Airbus Group about canceling a $1.7 billion order for up to six A380 superjumbos as it battles losses amid increased competition and a weaker yen.



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Aecom to Buy Stadium Construction Firm

Engineering firm Aecom Technology has acquired Hunt Construction Group, a construction-management company that specializes in stadium work.



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Uber, Airbnb Court Business Travelers

The fast-growing technology startups this week each announced new versions of their apps geared toward booking business trips.



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Investigators Tied to GSK Get Trial Date

Two foreign investigators tied to U.K. drug company GlaxoSmithKline PLC will stand trial Aug. 8 on charges of illegally purchasing personal information about Chinese nationals, a Chinese court said.



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Electric Utilities Get No Jolt

Electricity sales look anemic for the seventh year in a row, despite Americans' growing use of gadgets and an improving unemployment rate.



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Turner TV Tops Time Warner's To-Do List

In fending off Fox's takeover advances, Time Warner has to show that it would be better off on its own. Key to this is turning around the slipping ratings at its Turner Broadcasting unit, which houses TNT, TBS and CNN.



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Ford's New Pickups to Have Higher Price Tags

Ford Motor Co.'s new collection of aluminum pickups will come with a higher price tag than outgoing models when they hit the market in the fourth quarter.



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China Graft Probe Moves Into Canada

A Chinese government anticorruption investigation is stretching into Canada, with a shake-up at state-run China National Petroleum's Canadian operations and a billion-dollar oil-sands project left in limbo.



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General Growth Properties Posts Higher Revenue, FFO

General Growth Properties Inc. said its second-quarter profit fell 17% from a year-earlier quarter that included a large gain, but the company posted increases in revenue and funds from operations.



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Mexico's Pemex Pension Overhaul Proposed

A proposal by Mexican legislators who are debating new energy laws could see the federal government assume billions of dollars in pension liabilities at state oil company Petróleos Mexicanos, or Pemex.



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Carlyle Group to Buy Acosta

Carlyle Group LP said it has agreed to acquire in-store marketer Acosta Inc. from rival buyout firm Thomas H. Lee Partners. People familiar with details of the agreement said the price will be roughly $4.8 billion.



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Reynolds Group Begins Strategic Review

Packaging conglomerate Reynolds Group Holdings is undertaking a strategic review that may include the sale of three of its units, the company said in a filing.



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Palin Launches Subscription Channel

Sarah Palin, former Alaskan governor, current Fox News contributor and frequent critic of the "lamestream media," is the latest media personality to try to bypass the traditional media ecosystem by launching her own online subscription channel.



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Raytheon Names CEO Kennedy as Chairman

Raytheon's board elected Chief Executive Thomas A. Kennedy as chairman, succeeding William H. Swanson, who plans to retire in September.



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Darden Chief to Depart in Shake-Up

Darden Restaurants shook up its leadership, announcing the departure of Chairman and Chief Executive Clarence Otis and opening the door for activist investors to gain some board seats.



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Meet Some of the SEC's Whistleblowers

More than 6,500 people have now offered confidential information under the whistleblower program of the Securities and Exchange Commission.



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Judge Clears Way for Clippers Sale to Ballmer

A judge has ruled against Los Angeles Clippers owner Donald Sterling and cleared the way for the $2 billion sale of the team to former Microsoft Chief Executive Steve Ballmer.



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Can Rice Sorters, Car Assembly Lines Inspire Mining Industry?

Car-production lines and machinery that sorts rice could help companies such as Rio Tinto and BHP Billiton wring greater profits from mining.



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FAA Accuses Southwest Airlines of Improper Repairs

Federal air-safety regulators proposed a $12 million civil penalty against Southwest Airlines Co. for allegedly improper repairs



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Mozilla's Interim Chief Is Named CEO

Mozilla, the company behind the Firefox browser, named Chris Beard as its permanent chief executive. He has been interim CEO since April.



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Horizon Pharma Shares Fall as Drugs Added to Exclusion List

Horizon Pharma shares fell as company said CVS Caremark Corp. and Express Scripts Holding Co. will place Horizon's two biggest selling drugs on their exclusion lists at the start of next year.



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U.S. to Push Some Shipments to Iran

In recent weeks, U.S. officials have been reaching out to a handful of European companies and asking them to expedite the sale of medical goods to Iran, a market they were struggling to gain access to just a few months ago.



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Delta To Offer Free Entertainment Options

Delta Air Lines, moving to ratchet up customer service, intends to offer free entertainment options on all of its flights world-wide.



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Russia Told to Pay Yukos Shareholders $50 Billion

A European court has ruled that Russia owes former shareholders of the now-defunct oil giant Yukos more than $50 billion in compensation for the government's seizure of the company, describing the Kremlin's actions as "a devious and calculated expropriation" of assets.



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BMW to Expand Fast Charging

BMW is launching two new ways for owners of its electric cars to recharge their batteries in bid for broader acceptance.



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Apple's Beats Deal Gets EU Nod

European Union antitrust regulators have approved Apple's $3 billion acquisition of Beats Electronics, the music-streaming service and headphone maker founded by the rapper Dr. Dre and music mogul Jimmy Iovine.



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Cal-Maine Profit, Sales Improve

Cal-Maine Foods swung to a fiscal fourth-quarter profit amid improving sales and as the year-earlier period was weighed down by an antitrust litigation settlement.



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Zillow to Buy Real-Estate Rival Trulia

Zillow has reached a deal to buy rival Trulia, an expected agreement that brings together two of the biggest names in the fast-growing market for online real-estate information.



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Chinese Officials Visit Microsoft's China Offices

Chinese corporate regulatory officials on Monday visited Microsoft's offices in four Chinese cities, according to people familiar with the matter.



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Cummins Profit Rises 7.7%, Raises Revenue Outlook

Engine manufacturer Cummins Inc. said its second-quarter earnings increased 7.7%, driven by strong sales in North America and of heavy-duty truck engines.



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GM Boosts Korea Wages

General Motors Co.'s South Korean unit said Monday it had tentatively agreed on new wage terms for the year with its labor union, potentially averting a strike.



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Virgin America Files for IPO

Virgin America filed a registration for an initial public offering with the U.S. Securities and Exchange Commission, a move that had been anticipated for several months.



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Dollar Tree to Buy Family Dollar

Dollar Tree said it will buy Family Dollar in a cash-and-stock deal that values the discount retailer's shares about at $74.50 a piece.



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Adani Gets Approval to Build Mine

India's Adani Group has secured approval from Australia's government to build one of the world's largest coal mines, a move that comes amid investor concerns about a global supply glut of the commodity and a prolonged downturn in prices.



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Nissan April-June Net Profit Up 37%

Strength in overseas markets offset a decline in domestic sales, and the results bode well for the Japanese auto sector as whole.



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J.P. Morgan Sells Debt Portfolio

Sankaty Advisors, an arm of private-equity firm Bain Capital, is to buy a debt portfolio from J.P. Morgan Chase with an aggregate value of around $1.3 billion.



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China Slams U.S. Move on Solar Products

China on Monday hit back at the U.S. for taking another step to close a loophole that allowed some Chinese solar-equipment makers to avoid tariffs.



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There's No Flying in Drone School

With a coming boom expected in the unmanned-aircraft industry, universities and colleges are scrambling to train pilots. But thanks to government rules, they can't actually get the devices off the ground.



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Reckitt Benckiser to Spin Off Pharmaceuticals Unit

Reckitt Benckiser said it would pursue a demerger of its pharmaceutical division, as the consumer-products maker reported a fall in second-quarter revenue.



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Samsung Postpones Launch of Tizen Smartphone

Samsung Electronics said it would postpone sales in Russia of a smartphone running a homegrown operating system called Tizen, dealing a fresh setback to its efforts to carve out a niche in mobile software and services.



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Ryanair Quarterly Profit Soars

Ryanair, Europe's largest discount airline, said its net profit more than doubled during its first financial quarter, and raised its full-year forecast.



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China McDonald's Low on Beef, Chicken

McDonald's is facing a shortage of products at some of its stores in China following problems with an embattled Shanghai meat supplier that allegedly sold expired meat to fast-food chains across the country.



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Oil Prospectors Shift Back to Wealthy Lands

After decades focusing on less-developed nations, big oil companies are piling back into wealthy countries with political stability that provides more-predictable cash flow.



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When It Comes to Office Work, You Can't Be Too Careful

Safety awareness is serious business at workplaces such as construction sites, food manufacturing plants, mines and oil rigs. Now field-inspired safety protocols are migrating to the office, where hazards include dripping umbrellas and hot cups of coffee.



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Health-Law Patients Boost Hospital Profits

A wave of newly insured patients helped boost hospitals' earnings, a sign the health law's coverage expansion is leading more patients to seek treatment. Universal Health Services' revenue rose 10% and LifePoint Hospitals profits rose 44%.



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An $800 Sneaker Plays Hard to Get

The sudden appeal of Buscemi sneakers, a year-old shoe that costs $800 a pair, marks a new chapter in conspicuous consumption, fueled by social media, celebrities and purposefully tight supplies.



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JD.com, Tencent to Presell Microsoft's Xbox in China

Tencent Holdings Ltd. will use its alliance with online retailer JD.com Inc. to sell in advance Microsoft Corp.'s Xbox One consoles in China, as it ramps up efforts to compete with electronic-commerce giant Alibaba.



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U.K. Launches Onshore Oil and Gas Licensing Round

The U.K. government Monday is launching its first onshore oil and gas licensing round in six years—the latest step in efforts to unlock shale gas reserves amid worries over increasing dependence on energy imports.



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Freeport Bites the Bullet in Indonesia

Indonesia signed on to new contract terms for the local unit of Freeport Mc-MoRan, paving the way for the U.S. mining company to resume copper concentrate exports.



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Fox Bolsters Cash With BSkyB Deal

British Sky Broadcasting Group said it agreed to buy all of Sky Italia and most of Sky Deutschland from Rupert Murdoch's 21st Century Fox, for more than $9 billion.



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China Pressure Brings Jaguar Land Rover Price Cuts

Jaguar Land Rover said it would cut prices on two Range Rover SUVs and a Jaguar sports car in China by an average of $32,000 in response to challenges by Chinese state media and the government.



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A High Seas Comeback for Sails?

As the shipping industry struggles with high fuel costs and tepid demand, some innovators say that high-tech sails may hold the secret to cheaper and cleaner fuel.



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Hospira Bidding for Danone Medical-Nutrition Unit

Hospira has emerged as a bidder for Danone's medical-nutrition unit in a deal that could be worth about $5 billion and mark the latest in a flurry of so-called inversion deals.



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Are Shippers Responsible for Content?

U.S. case against FedEx will explore whether the company conspired to distribute controlled substances



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Fox's Invitation to Time Warner

21st Century Fox is prepared to offer shareholders of Time Warner board representation as part of its bid to acquire the media company, according to a person familiar with the matter.



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Abundant Grain Ripples Through U.S. Farming Industry

A tidal wave of grain looms over the U.S. agricultural sector, spelling bounty for some companies and challenges for others. The Week Ahead



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High Hopes Ride on IPO in Wake of Smithfield Deal

If the initial public offering of Chinese pork producer WH Group goes through as expected Tuesday, it will be one of the first things to go right for the company since its purchase of Smithfield Foods last year.



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Hilton Books Upgraded Technology

Hilton is placing a $550 million bet that hotel guests increasingly will use smartphones to choose rooms, check in and even unlock doors.



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REA Group Buys iProperty Stake

REA Group Ltd. accelerated its expansion into Asia with a 106.3-million Australian dollar (US$99.9 million) purchase of a minority stake in online real estate listings website iProperty Group Ltd.



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Drug Companies Oppose Moves to Reimburse Off-Label Medicine

Pharmaceutical companies are pushing back against decisions by cash-strapped European governments to reimburse patients for drugs that haven't been approved to treat their conditions.



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NAB to Sell Some Commercial Real Estate Loans

National Australia Bank has sold a £625 million basket of mainly distressed U.K. loans to private investment firm Cerberus Global Investors.



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Advertising's New Frontier: Talk to the Bot

This month, Kik, a popular chat app among teens in the U.S., launched a feature that could be the future of advertising: people conversing directly with brands via bots.



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Gauging Heavy-Equipment Loads

Construction-machinery makers are encouraging customers to use electronic monitoring devices to assess their usage of heavy equipment.



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Hedge Funds Bet Big on Overseas Tax Deals

The funds are wagering billions of dollars on companies they believe will benefit from a wave of takeover deals designed to lower taxes for U.S. acquirers.



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'Lucy' Shoots to the Top at the Box Office

The Luc Besson sci-fi action thriller "Lucy" brought in $44 million on its opening weekend, blowing away its nearest rival, "Hercules," which earned $29 million domestically.



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Reliance Power to Buy Three Hydroelectric Plants From Jaypee

India's Reliance Power Ltd. said Sunday that it will buy the Jaypee Group's hydroelectric-power business for an undisclosed amount.



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China Meat Supplier Pulls Products

Meat supplier OSI Group Inc. said it would withdraw all products manufactured by its embattled Shanghai unit from the marketplace.



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Audi Cuts Prices of Spare Parts in China

Volkswagen AG's Audi AG announced on Saturday price cuts for spare parts of up to 38% in China, the company's largest market, as the Chinese government steps up its scrutiny of foreign luxury-car makers.



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Bahrain's Batelco Profit Slips

Bahrain Telecommunications Co. said its overseas operations continue to boost the group, which posted a slight decline in first-half profit amid increasing competition in its home market.



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Arabtec Profit Gains on Gulf Growth

Arabtec Holding PJSC, a Dubai-listed construction firm, said net profit in the second quarter rose 11%, underpinned by its continuing projects and growth in its main markets throughout the Persian Gulf.



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FCC Clears Sinclair's Purchase of Allbritton TV Stations

The Federal Communications Commission approved Sinclair Broadcast Group Inc.'s $985 million purchase of TV stations owned by Allbritton Communications Co., clearing the way for the deal to close.



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Aspen Insurance Shareholders Reject Endurance's Proposals

Aspen Insurance Holdings Ltd. shareholders on Friday rejected Endurance Specialty Holdings Ltd.'s proposals to push forward its unsolicited takeover, Aspen said.



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Google's Moonshot: the Human Body

Google has embarked on what may be its most ambitious science endeavor: a quest inside the human body. Called Baseline Study, the project will collect genetic and molecular data to create a full picture of a healthy human.



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McDonald's Stands By Meat Supplier in Crisis

McDonald's and meat supplier OSI Group date back to the Ray Kroc days in the 1950s. Now, OSI is scrambling to restore its reputation after an expired-meat scandal involving a unit in Shanghai.



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Zillow in Talks to Buy Rival Trulia

Zillow is in advanced talks to buy rival online real-estate information service Trulia, according to people familiar with the matter, in a deal that could give their fast-growing websites more power.



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Storm Clouds Over Amazon Business

New and deep-pocketed rivals threaten to squeeze profit margins in Amazon.com's cloud computing business, adding to investor concerns about the Seattle company's profitability.



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Safeway Shareholders OK Albertsons Merger

Safeway Inc.'s shareholders have approved a planned merger with Albertsons, part of a group led by private-equity firm Cerberus Capital Management LP., the company said Friday.



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Tariffs Boost Solar-Panel Makers in U.S.

New tariffs on Chinese solar panels, including widely anticipated duties imposed by Washington on Friday, are spurring companies to manufacture more solar-power equipment in the U.S.



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An Online Real-Estate Giant Looms Large

A possible merger of listing sites Zillow and Trulia could put the squeeze on brokers, some fear.



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Berkshire Hathaway Energy's Planned AltaLink Purchase Clears First Hurdle

Berkshire Hathaway Energy's application to buy SNC-Lavalin Group Inc.'s AltaLink power-transmission unit received preliminary approval, the Canadian industry minister said.



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Amazon Reports Another Loss

Amazon posted a massive sales bump but failed again to turn a profit, even as it has hinted at a growing resolve to boost margins.



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Comcast Steps Up Its Game on Internet Speeds

Comcast has begun extending fiber optic cable all the way to customers' homes in certain parts of its service area, as it competes with all-fiber providers on Internet speeds.



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FBI Interviews Glaxo Employees

FBI agents have been interviewing current and former Glaxo employees in connection with bribery allegations made against the company in China, as fresh claims of corruption surface against Glaxo's operations in Syria.



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Tyson Foods to Close Three Plants

Tyson Foods Inc. said that ahead of its purchase of Hillshire Brands Co., it will close three facilities it acquired in the 2001 purchase of beef and pork processor IBP Inc.



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Obama Urges Action on 'Inversions'

The president threw himself into the politically charged effort to block U.S. firms from reincorporating overseas for tax reasons, calling the relocations "wrong" and urging Congress to stop them through quick-fix legislation.



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ISS Challenges Sprint CEO's Pay Package

The biggest proxy adviser is challenging the nearly $49 million 2013 pay package given to Sprint Corp.'s chief executive and opposing the re-election of a board member to the compensation committee.



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Destination Maternity Drops Bid for Mothercare

Maternity-apparel retailer Destination Maternity Corp. dropped its bid to buy U.K.'s Mothercare PLC in what would have been the first U.S. retail chain to try using a controversial tactic to reincorporate overseas to lower its tax bill.



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Mexico's Femsa Turns to Pricing, Cost Controls to Counter Tax

Mexican beverage and convenience store conglomerate Fomento Económico Mexicano SAB increased its operating profit during the second quarter.



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There's No Flying in Drone School

With a coming boom expected in the unmanned-aircraft industry, universities and colleges are scrambling to train pilots. But thanks to government rules, they can't actually get the devices off the ground.



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Lyft Reaches Deal in New York

Ride-sharing app Lyft Inc. has agreed to use only commercial drivers in New York City and follow state and local law as it prepares to roll out operations in New York Friday evening.



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NHTSA Reviews Chevy Impala Glitch

The National Highway Traffic Safety Administration, acting out of "an abundance of caution," is conducting a limited review into some Chevrolet Impala models over a possible software glitch that can disable air bags.



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Russia's Food Regulator Files Suit Against McDonald's

The regulator seeks to ban some of McDonald's most popular products, alleging violations of safety codes which the U.S. company denies.



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Molson Coors Chief Executive Swinburn to Retire

Molson Coors Brewing Co. Chief Executive Peter S. Swinburn will retire at the end of the year, and the chief of the company's European operations will take over.



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Humira Sales Lift AbbVie Profit

AbbVie Inc. said its second-quarter earnings rose as strong global sales of the drug maker's rheumatoid-arthritis drug Humira continued to boost results.



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American Electric Posts Higher Profit

American Electric Power said its second-quarter profit rose 15% as revenue increased on rate base growth and rising sales in its transmission business.



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Lifepoint Hospitals Profit Boosted by Health-Care Reform

Lifepoint Hospitals said its second-quarter earnings jumped, leading the rural hospital operator to boost its outlook for the year amid benefits from the health-care reform law.



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Rosneft Working on Sanctions Strategy

As the U.S. has imposed sanctions blocking credit to Rosneft, the Russian state-owned oil giant is looking at ways to minimize their effects.



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LyondellBasell Profit Surges

LyondellBasell Industries said its second-quarter earnings surged to a record level as revenue jumped.



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Obama to Urge Action on 'Inversions'

President Barack Obama is calling on Congress to end a tax-code rule that allows some U.S. firms to reincorporate overseas and lower their tax bills, an emerging issue that could figure prominently in the fall election campaign.



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ISS Challenges Sprint CEO's Pay Package

The biggest proxy adviser is challenging the nearly $49 million 2013 pay package given to Sprint Corp.'s chief executive and opposing the re-election of a board member to the compensation committee.



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Glaxo Files Its Entry in Race for a Malaria Vaccine

An experimental malaria vaccine GlaxoSmithKline filed with regulators Thursday could help fight one of the world's biggest killers—but a rival compound partly developed in a Maryland kitchen could prove even more effective.



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Google Grants Over Half of 'Right to Be Forgotten' Requests

Google Inc. has approved just over half of its received requests to remove Web-page links from individual name-search results in Europe, according to a person familiar with the matter



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BSkyB Readies for Earnings With Deal Prospects in the Air

The pay-television giant British Sky Broadcasting Group faces various headwinds as it prepares to report results, but it still hopes to counter them with a deal to buy all of Sky Deutschland and Sky Italia.



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Quest Diagnostics Revenue Rises 4.8%

Quest Diagnostics Inc. said its second-quarter revenue rose slightly more than expected, driven by higher diagnostic information services sales and higher volume.



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Quest Diagnostics Revenue Rises 4.8%

Quest Diagnostics Inc. said its second-quarter revenue rose slightly more than expected, driven by higher diagnostic information services sales and higher volume.



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Potash Corp. profit drops 27%

Potash Corp. of Saskatchewan posted a nearly 27% drop in second-quarter profit, but results beat expectations as market conditions picked up.



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Wipro's Profit Climbs 30%

Indian software exporter Wipro said net profit rose 30% in the first quarter, helped by a revival in orders from the U.S. and Europe.



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Scholastic Profit, Revenue Rise

Scholastic Corp. said its fiscal fourth-quarter profit rose 31% as revenue increased in four of the company's five operating segments.



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LVMH Profit Drops, Hurt by Exchange Rates

Luxury goods giant LVMH Moët Hennessy Louis Vuitton said its first-half profit dropped 4% despite a small sales increase, showing the sector's vulnerability to fluctuations in exchange rates.



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Unilever Paints Bleak Picture

Unilever flagged a further slowdown in emerging markets, even as first-half profit grew on the back of a number of disposals.



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JetBlue CEO Plans to Stay in Role

JetBlue Chief Executive Dave Barger said Thursday his future role at the company will be "the same as it is today."



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BP Director to Step Down

The oil major said that Iain Conn will step down by the end of the year, as U.K. utility Centrica confirms it is in talks with Mr. Conn who may succeed Sam Laidlaw as CEO.



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Meal-Delivery Startups Look for Winning Recipe

Meal-delivery startups such as Plated and Blue Apron, along with their investors are hoping to avoid the fate of dot.com era food industry failures.



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Facebook Answers With Mobile Surge

Facebook's profit more than doubled and revenue beat estimates amid strong growth in mobile advertising.



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Hepatitis C Pill Rockets Gilead Into Big Leagues

Gilead Sciences's new hepatitis C treatment, Sovaldi, had $3.48 billion in second-quarter sales, more than expected, continuing its historic drug launch.



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American, United Launch Buybacks

The parents of American Airlines and United Airlines unveiled stock-buyback plans, continuing the transformation of the country's largest carriers from bankruptcy into some of the most profitable in the world.



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Airline Fatalities Worst Since 2010

Commercial aviation is in the middle of its deadliest year since 2010, with the recent spate of air disasters making an abrupt break from three straight years of decline in airplane fatalities.



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Is It Over for Tablet Computers?

As smartphone screens grow larger and laptop computers grow thinner and lighter, sales of the iPad are declining and growth slowing for rival Android tablets.



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Mars Raises U.S. Chocolate Prices

A unit of Mars Inc. has raised prices for U.S. chocolate products by about 7% to offset rising costs, the M&Ms and Snickers maker said.



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McDonald's Sticks With Chinese Meat Supplier

McDonald's said it will continue to use a longtime meat provider in China, except for the Shanghai facility accused of selling expired chicken and beef. The decision underscores the difficulty in finding safe food suppliers in China.



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3M Profit Up on Demand for Face Masks and Filters

3M Co. reported a 5.8% increase in profit for the second quarter, fueled partly by stronger sales of respiratory face masks and water-filtration products in China and other developing countries where pollution fears are growing.



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Bristol-Myers Posts Lower Profit, Revenue

Bristol-Myers Squibb said its second-quarter sales and earnings fell but still surpassed analyst expectations.



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Supervalu Profit Falls 49%

Supervalu said its fiscal first-quarter earnings fell 49% as the supermarket operator was hit by weaker margins and a modest sales decline, while the year-earlier period included a tax benefit.



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Elliott Unveils 6.7% Stake In Interpublic

Activist investor Elliott Management Corp. unveiled a major stake in Interpublic Group of Cos., saying the shares represent an attractive investment opportunity and confirming recent speculation that an activist was building a stake in the advertising firm.



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Wal-Mart's U.S. Chief Bill Simon to Leave

Wal-Mart Stores Inc.'s U.S. chief Bill Simon, who struggled to lift sales as it fought off competition from dollar stores and online retailers, will be leaving the company on Aug. 8.



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