Novartis Data Show New Heart Drug Beats Rival

Novartis presented data showing its LCZ696 heart drug reduced cardiovascular deaths by 20% when compared with a rival treatment, suggesting the Swiss group has a multibillion-dollar product in the making.



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Alibaba Plans IPO Launch Week of Sept. 8

Chinese e-commerce company Alibaba plans to launch its U.S. initial public offering, which could raise more than $20 billion, early in the week of Sept. 8.



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Hermès Warns on Currencies

French luxury-goods company Hermès International warned that currency shifts will continue to drag on its full-year profit margin, even though it recorded a rise in first-half profit and sales.



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Boeing's Early Dreamliners Sit on Tarmac

Company struggles to unload a batch of 787s built during the height of its problems with the plane's design and supply chain snafus.



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AIG's New CEO Sees Money in Numbers

Peter Hancock takes the helm Monday, aiming to leverage the insurer's trove of data in a quest to boost profits.



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Falling Prices Threaten to Sink Europe Recovery

Europe's struggle to prevent ultralow inflation from derailing an already fragile economic recovery grew even more challenging as consumer prices weakened to a five-year low in August.



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Google Drones Lift Industry Hopes

Google's entry into the drone business brings financial and lobbying heft that should help the fledging industry overcome technical and regulatory obstacles.



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Bad Loans Soar at China State Banks

China's biggest state-owned banks reported a surge in soured and castoff loans in the first half of the year as China's slowing growth takes an increasing toll on its lenders.



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Comcast Targeted by Entertainment Giants

As the FCC reviews Comcast's proposed purchase of Time Warner Cable, the agency is encouraging media companies to offer feedback confidentially. One gripe: a practice that gives cable giants the same terms as competitors.



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Australian Banks Warn Against Tougher Regulations

Australia's largest lenders defended their ability to withstand any future banking crisis and warned against further moves to strengthen the financial system, in submissions published to a government-backed review.



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National Australia Bank to Sell Great Western Stake in IPO

National Australia Bank plans to exit its U.S. banking business as it focuses on its home markets, initially selling a minority stake in Great Western Bank via an initial public offering.



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Tim Hortons, Burger King Termination Fee: $317 Million

Tim Hortons Inc. would owe Burger King about $317 million if the Canadian company were to walk away from its $11 billion sale to the U.S. fast-food chain, according to the pair's merger agreement.



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Mexico's Grupo Bimbo Plans Stock Offering

Mexican baked goods giant Grupo Bimbo said it plans to issue shares in Mexico and the U.S. to pay down debt, with the amount of capital raised still to be determined.



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Google Testing Delivery Drones

Google's advanced-research lab said it is developing a system of drones to deliver goods. Rival Amazon.com is also testing delivery drones, and Domino's tested delivering pies via drone in 2013.



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Orbitz, American Airlines Patch Up Dispute

American Airlines, which on Tuesday withdrew its flights from consumer websites powered by Orbitz Worldwide., did a U-turn Friday after reaching agreement with the online travel agency on business terms. In addition, American Airlines Group no longer plans to withdraw the fares of its US Airways unit on Monday.



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Mexico's Pemex Raises 2015 Oil Output Goal

Petróleos Mexicanos is raising its 2015 goal for crude-oil output after last week reducing 2014 production figures to account for water and other impurities pumped from offshore fields that were erroneously counted as oil.



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Big Seed Makers Unlikely to Cut Prices

Major seed companies don't plan to cut prices for the next growing season, despite sliding corn and soybean prices that are expected to dent U.S. farmers' incomes.



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Apple's New Whiz Kids

Apple and Google are providing scholarships and developers kits to software coders as young as 13 years old, looking to land whiz kids interested in writing apps for their smartphones and tablet computers.



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Freeport-McMoRan's Sale of Chile Mine Hits Tax Snag

Freeport McMoRan's sale of a large Chilean mine is being held up as it seeks clarification with local authorities on a tax issue, according to a person familiar with the matter.



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U.S. Utilities Push Electric Cars

Companies that sell electricity are desperately trying to find new ways to sell more kilowatts. Enticing Americans to adopt electric cars would give utilities' profits a jolt.



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Time Warner Ends Vice Media Talks

Time Warner Inc. has ended talks to forge a joint venture with Vice Media to revamp its struggling HLN channel, according to a person familiar with the matter.



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FountainVest Acquires Control of Key Safety

Chinese private-equity firm FountainVest Partners acquired a controlling stake in U.S.-based Key Safety Systems, the latest in a string of increased deal activity in the automotive supply chain.



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Wal-Mart Eyes Online China Growth

As Alibaba courts investors for a highly anticipated IPO next month in the U.S., Wal-Mart is busy trying to win over online shoppers in the Chinese e-commerce company's backyard.



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MMX CEO Resigns

The chief executive of Brazilian mining company MMX Mineração e Metálicos SA resigned as the company faces a cash squeeze and is trying to find partners or sell assets to stay afloat.



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For Hollywood, Not All Box Office Dollars Are Equal

As summer domestic box office sales fall 15%, movies like "Transformers" and "Spider-Man" can't make up the difference in China and other countries where studios earn much less from DVDs and TV rights.



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Tesla Adding Charging Stations in China

Tesla Motors Inc. struck a deal to greatly expand its network of charging stations in China with China United Network Communications Corp., also known as China Unicom



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Dongfeng Motor's Earnings Surge

China's Dongfeng Motor Group reported a 54% rise in first-half net profit, thanks to sales gains in its joint ventures with Japanese and French car makers.



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Kraft Recalls Some American Singles Cheese

Kraft Foods said it is voluntarily recalling 7,691 cases of certain varieties of its American Singles cheese product after a supplier failed to store an ingredient properly.



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Iliad First Half Profit Falls Slightly

France's Iliad SA, which is trying to buy U.S. operator T-Mobile, reported its first-half net profit dipped as strong revenue growth was weighed by a tax charge and the amortization of costs related to deploying a 4G network.



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Bombardier's CSeries Has Setback

Bombardier's CSeries jetliner has suffered another setback as Sweden's Braathens Aviation said it will step back from its role as the plane's first operator and may seek other changes to delivery plans.



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Abercrombie to Remove Logos From Most Clothing

Abercrombie & Fitch will cease putting its logo on its clothing sold in North America by the spring of 2015, the teen retailer said, responding to customers who have been avoiding such identifiers.



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Toys 'R' Us Loss Widens

Toys 'R' Us posted a wider loss in its fiscal second-quarter as discounts took a toll on the bottom line, even as sales rose.



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Regulators Seek More Information on Reynolds, Lorillard Deal

Federal regulators have requested more information on Reynolds American's pending deals to buy Lorillard and divest certain brands to Imperial Tobacco Group.



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Lufthansa Threatened With Expanded Strikes

The pilots union said that it could widen industrial action in progress at its budget subsidiary Germanwings to the group's other airlines over if it doesn't come up with a new offer on retirement benefits.



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Lewis to Head Tesco a Month Early

Dave Lewis will become Tesco chief executive a month earlier than planned, taking over a global retail giant lurching from one crisis to the next.



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Tyson Completes Tender for Hillshire

Tyson Foods has completed its tender offer for Hillshire Brands, paving way for the completion of the meat industry's biggest-ever deal later Thursday, the companies said.



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Hershey Unveils New Logo

Hershey unveiled a new logo Friday in an effort to give the 120-year-old chocolate company a more modern look.



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Dollar General Still Wants a Deal

Its CEO said the company remains committed to trying to buy Family Dollar, calling antitrust concerns "very manageable."



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Russia Shuts Eight McDonald's

The number of McDonald's restaurants shut down by Russia's consumer regulator continues to rise as tensions between Moscow and the West grow.



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Saab Auto Owner Seeks Bankruptcy Protection

The Chinese-backed company that bought Sweden's Saab Automobile out of bankruptcy filed its second petition for bankruptcy protection with a Swedish court.



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Big Lots Profit Beats Views

Big Lots Inc. said its fiscal second-quarter profit topped its expectations as the company posted higher sales.



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Angry Birds Chief to Step Down

Finland's Angry Birds maker Rovio Entertainment has announced that its Chief Executive Mikael Hed is stepping down as of January next year.



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Sprint to Sell Next Sony Xperia Phone in U.S.

Sprint Corp. will sell Sony Corp.'s next Xperia handset in the U.S. as part of a strategy to broaden its lineup of smartphone offerings to limit customer flight, a person familiar with the matter said.



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OSI Employees Arrested in China

Six OSI Group employees were arrested in China, more than a month after authorities suspended the food company's operations, accusing one of its subsidiaries of selling expired food to fast-food companies.



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All That Glitters Not Gold For Acquisitive Miner Independence

Independence Group NL, one of Australia's newest gold producers, says the stars are aligning for it to make new acquisitions—in zinc and nickel mines—as the shine comes off global commodity prices.



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Zara Pulls T-Shirt Amid Uproar

Spanish fashion chain Zara withdrew a children's T-shirt resembling garb that was worn by Jewish prisoners in German concentration camps during World War II, following protests.



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Virgin Australia Readies for Qantas Battle

Virgin Australia, reeling from a record annual loss, sold part of its frequent-flier business as it prepares for the next phase of a brutal battle for customers with Qantas.



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Malaysia Airlines Recovery Plan Is Detailed

Malaysia's state investor plans to spend up to $1.9 billion to revive Malaysia Airlines, which will cut staffing levels by 30%, as it tries to recover from the loss of two passenger jets this year.



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Will Kia Ever Escape Hyundai's Big Shadow?

South Korea's Kia Motors has become one of the most successful auto brands some 16 years after it was rescued from bankruptcy by Hyundai. Now it faces a new challenge: stepping out of its sibling's shadow.



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Fiat Avoids Chrysler Merger Road Block

Fiat said too few shareholders tendered their stock to block a reorganization that will create Fiat Chrysler Automobiles, a new company with a tax residency in the U.K., legal headquarters in Amsterdam and a primary stock market listing in New York.



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Telefónica Eyes Deal by Mid-2015

Spanish telecommunications company Telefónica said it expects to complete the $9.82 billion acquisition of Vivendi's Brazilian unit, GVT, by mid-2015.



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Saab Auto Owner Goes Bust

A Swedish court Thursday denied bankruptcy protection for the Chinese-backed company which owns Sweden's Saab automobile brand, saying its financial plan was inadequate.



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PetroChina Earnings Helped by Fuel-Pricing Reforms

PetroChina said its first-half net profit rose 4% from a year earlier after its refining business swung to a profit and its chemicals business narrowed its loss.



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NLRB Case Tests Who Employs Contract Workers

The National Labor Relations Board is considering action that would makes businesses more responsible for contract workers.



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State Licensing Boards Under Fire From Within

The Supreme Court will take up an antitrust case this fall that could curb the proliferation of state licenses, a top worry for U.S. small-business owners and entrepreneurs.



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Google Reveals Delivery Drone Project

Google X said Thursday it is developing a system of drones to deliver goods. Rival Amazon.com Inc. is also testing delivery drones, and Domino's Pizza Inc. tested delivering pies via drone in 2013.



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Virgin Australia Posts Deep Loss

Virgin Australia sold a stake in its frequent-flier business to U.S. private-equity firm Affinity Equity Parners after the airline posted a deep annual loss.



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Qantas Carves Out Long-Haul Unit

Qantas Airways laid the groundwork for a deep-pocketed foreign investor to take a stake in its international business after booking a record loss.



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Big Seed Makers Unlikely to Cut Prices

Major seed companies don't plan to cut prices for the next growing season, despite sliding corn and soybean prices that are expected to dent U.S. farmers' incomes.



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Tough Lesson for Textbook Publishers

Debt-weary college and grad students are opting for cheaper or even free textbook versions, forcing major publishers to revamp their business models.



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Nike's Tennis Match: Federer, Jordan

Nike arranged for former Chicago Bulls star Michael Jordan to attend Tuesday's match as part of a promotion for Roger Federer's new line of shoes.



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Dunkin Donuts to Launch First Hot Dark-Roast Coffee

Dunkin' Donuts debuted its new dark-roast coffee, the first hot dark roast in its 64-year history, on Thursday at a Modesto, Calif., store, and plans to sell it nationwide starting Sept. 22.



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Amira Nature Foods Posts Strong Profit, Revenue

Amira Nature Foods posted stronger-than-expected earnings and revenue growth for its fiscal first quarter as the Dubai-based company continues to grow its basmati rice business in international markets.



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PacSun Swings to a Profit

Pacific Sunwear of California eked out a gain in sales for the latest quarter, led by growth in the teen retailer's men's division.



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Wal-Mart Looks Online for Chinese Growth

As Alibaba courts investors for a highly anticipated IPO next month in the U.S., Wal-Mart is busy trying to win over online shoppers in the Chinese e-commerce company's backyard.



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Judge Denies Apple Request for Injunction Against Samsung

A federal judge denied a request from Apple to bar Samsung from selling smartphones and tablets in the U.S. that infringe on Apple patents.



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Ford to See if World Likes New Mustang

Ford Motor will measure global demand for the redesigned Mustang sports car to determine whether it adds a third shift to the Michigan plant where it is built.



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Luxury Shoe Firm Ferragamo Profit Declines

Luxury shoe firm Salvatore Ferragamo said its first-half net profit was down 6% compared with the year-earlier period, but revenue rose on international sales gains.



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Air France Pilot Union Calls for Strike

Air France's main pilot union Thursday called for a one-week strike next month to protest cost-cutting measures the airline is considering on cockpit crew in an effort to return to profit and counter budget-carrier competition.



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For Hollywood, Not All Box Office Dollars Are Equal

As summer domestic box office sales fall 15%, movies like 'Transformers' and 'Spider-Man' can't make up the difference in China and other countries where studios earn much less from DVDs and TV rights.



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Currency Spat Strands Venezuela Fliers

With Venezuela holding back on releasing $3.8 billion in airline-ticket revenue because of strict currency controls, Delta, American and other airlines have slashed service to Venezuela by half since January.



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Abercrombie's Sales Disappoint

Abercrombie said its fiscal second-quarter sales declined more than expected, but the teen-apparel retailer indicated it has posted a modest improvement since displaying its back-to-school line.



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Energy Industry 'Will Flourish in Independent Scotland'

The Scottish Energy Minister is trying to reassure oil companies that Scotland's large energy industry will flourish if the country becomes independent.



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China's Shipping Operators Miss Out

China Cosco and China Shipping Container Lines posted weak earnings, with soft freight rates and high costs continuing to plague the companies.



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U.S. Unveils Programs for Myanmar

The U.S. unveiled two initiatives in Myanmar—a solar power plant and a program to boost labor rights—even as some critics blame its civilian government for backsliding on recent economic and political changes.



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Darden Delays Shareholder Meeting

Darden Restaurants, which has taken heat from activist shareholders eager to replace the company's board, said it is delaying its annual shareholder meeting to give investors more time to examine proxy materials.



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Tyson Completes Tender for Hillshire

Tyson Foods has completed its tender offer for Hillshire Brands, paving way for the completion of the meat industry's biggest-ever deal later Thursday, the companies said.



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Ocado's Shares Slump on Growth Concerns

Shares in online grocer Ocado Group fell sharply after a brokerage cast doubt on its ability to increase its market share in Britain and sell its technology overseas.



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Pfizer Vaccine Candidate Gets Fast Track

Pfizer said its candidate to vaccinate against a potentially fatal infection that harms patients' bowels has received fast-track designation from the U.S. Food and Drug Administration.



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Malaysia Airlines Parent Posts Wider Loss

The parent of Malaysia Airlines reported a wider net loss in the second quarter as revenue was hurt by the disappearance of Flight 370 in March.



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GM to Make Cadillac SRX in U.S.

General Motors said it would invest as much as $185 million to build small engines at its Spring Hill, Tenn., assembly plant and move production of its Cadillac SRX crossover vehicle to the facility from Mexico.



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Dollar General Backs Bid for Family Dollar

Dollar General reaffirmed its bid to buy Family Dollar, maintaining the antitrust feasibility of its proposal, as the war continues for dominance among so-called dollar store chains.



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Coty Revenue Declines

Coty Inc. said its fiscal fourth-quarter revenue declined, missing analysts' expectations, but the company expects the top line to return to growth in its new fiscal year.



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Scorpio, BoCom Order Giant Container Vessels

Scorpio Group, one of the world's biggest tanker and bulk operators, and China's Bank of Communications Co. have ordered five Triple E container vessels to be leased to Switzerland's Mediterranean Shipping Co.



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Time Warner Cable Recovers From Widespread Outages

Time Warner Cable said service was largely restored as of early Wednesday morning following an outage of Internet and on demand services in all of its markets.



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Alibaba's Results Jump Ahead of IPO

Alibaba reported big growth in revenue from mobile devices, which may bolster its case next month when the Chinese e-commerce giant begins to pitch investors on its long-awaited initial public offering.



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BMW Unveils Bulletproof Car

Murder and kidnapping are less common than they used to be in Russia, but Moscow is still where the world's top auto makers like showing off their latest bulletproof cars.



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Zara Pulls T-Shirt Amid Uproar

Spanish fashion chain Zara withdrew a children's T-shirt resembling garb that was worn by Jewish prisoners in German concentration camps during World War II, following protests.



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Vietnam Airlines IPO Seen as Test

Vietnam Airlines plans to sell a stake in an initial public offering this year, a move seen as a test of the government's commitment to reforms and its ability to promote the Southeast Asian nation's economic growth story.



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CSR Rejects Takeover Approach

U.K. semiconductor company CSR said it had rejected a takeover approach from U.S. rival Microchip Technology.



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Spain's Economy Sinks Deeper

Spain's economy sank deeper into a spiral of price declines in August, compounding worries that countries on the periphery of the euro zone may be entering a period of deflation as they struggle to rebound from recession.



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Brown-Forman's Profit Rises 5% on Jack Daniel's Brand

Brown-Forman said its first-quarter profit rose 5%, driven by strong sales growth of its Jack Daniel's brand and higher sales in emerging markets.



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Kia Wrestles With Sibling Hyundai

South Korea's Kia Motors has become one of the world's most successful auto brands some 16 years after it was rescued from bankruptcy by Hyundai. Now it faces a new challenge: overcoming competition from its savior.



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Saab Auto Owner Goes Bust

The Chinese-backed company that bought Sweden's Saab automobile brand out of bankruptcy has filed for bankruptcy protection itself.



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Germanwings Pilots to Strike

Pilots of Lufthansa's budget subsidiary Germanwings said they plan to strike this Friday, even after the union and the airline had agreed to resume talks to resolve a dispute over retirement benefits.



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France's Bouygues Warns on Sales Growth

French conglomerate Bougues SA has slightly lowered its forecast for full-year revenue amid a price war in France's telecom sector as the proceeds from asset sales gave its first-half net profit a lift.



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China's Wanda Plans E-Commerce Venture

China's Dalian Wanda Group plans to launch an $813 million e-commerce joint venture with Internet companies Baidu and Tencent.



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Telefónica, Telecom Italia Jostle for Vivendi's GVT

Spanish telecom giant Telefónica sweetened its bid for Vivendi's Brazilian operator GVT to $9.83 billion in cash and shares, following a rival bid by Telecom Italia.



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Pernod Ricard Hit by China Weakness

Pernod Ricard posted a 13% drop in full-year net profit as the French drinks maker continues to contend with a sharp sales decline in China.



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DP World First-Half Profit Rises 26%

DP World's first-half profit rose 26% from a year earlier, as the Dubai-based ports operator handled more cargo amid healthier global trade.



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Argentina, Malaysia Reach Shale-Oil Deal

YPF and Malaysia's Petronas are establishing a joint venture to drill for shale oil in Argentina's massive Vaca Muerta formation.



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Hong Kong Antigraft Agency Visits Media Mogul's Home

Shares of Next Media were suspended from trading after Hong Kong's anticorruption agency visited the home of its founder, Jimmy Lai, an outspoken critic of Beijing.



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Tyson to Sell Unit to Clear Hillshire Deal

Tyson agreed to divest its sow purchasing business to alleviate antitrust concerns about its impending $7.7 billion takeover of Hillshire Brands under a settlement with the U.S. Department of Justice.



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Guess Cuts Outlook As Fall Collection Disappoints

Guess warned its fall retail collection hasn't seen the traction it expected with consumers, prompting the apparel retailer to lower its outlook for the year.



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Williams-Sonoma Sales Improve

Williams-Sonoma's fiscal second-quarter sales improved, but the high-end home retailer's forecast for the current quarter fell short of Wall Street expectations.



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New Diageo Campaign Markets Guinness to Younger Africans

Diageo PLC is pitching Guinness to younger drinkers across Africa in an attempt to revive sales of the Irish stout, which have stalled in the past year as the continent's economies have sputtered.



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Dupont Settles Over Toxic Gas Leaks

DuPont agreed to pay $1.28 million to resolve alleged violations tied to hazardous chemical leaks at a West Virginia chemical plant that left one DuPont worker dead.



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Lear to Buy Eagle Ottawa for $850 Million

Lear Corp. said it has agreed to acquire Eagle Ottawa LLC, the world's largest supplier of premium automotive leather, for $850 million in a move that boosts the company's core automotive-seating business.



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Shell Canada May Not Meet Waste Targets

The head of Royal Dutch Shell's Canadian unit said the company may not be able to meet targets for reducing toxic wastes from oil sands.



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Delta Human Resources and Labor Executive to Retire

Mike Campbell, Delta Air's executive vice president of human resources and labor relations since 2006, will retire Oct. 1, the company said Wednesday.



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Paramount Group Files IPO Prospectus with SEC

Paramount Group Inc. filed a prospectus for an initial public offering with the Securities and Exchange Commission Wednesday.



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Trapped in Venezuela: Airlines Abandon Fliers Amid Currency Dispute

With Venezuela holding back on releasing $3.8 billion in airline-ticket revenue because of strict currency controls, Delta, American and other airlines have slashed service to Venezuela by half since January, adding another layer of frustration to daily life here.



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Elizabeth Arden to Evaluate Tender Offer

Elizabeth Arden Inc. said that investment funds affiliated with Rhone Capital LLC have commenced a partial tender offer to acquire up to 20% of the company's shares.



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Valeant's Suit Against Allergan Fast-Tracked

A Delaware judge has fast-tracked a lawsuit from Valeant Pharmaceuticals and hedge-fund manager William Ackman against Allergan, handing the pair a small victory in their hostile bid for the drug maker.



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Snapchat's $10 Billion Valuation

Kleiner Perkins agreed to invest in Snapchat at a valuation of close to $10 billion, making it one of the world's most valuable private tech start-ups.



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Big Tobacco's E-Cigarette Push Gets Reality Check

Big Tobacco is finally making its big push into electronic cigarettes. But e-cigarette sales are now falling in convenience stores, reversing three years of rapid-fire growth.



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Bankruptcy Court Approves Crumbs Sale

Crumbs Bake Shop won court approval Tuesday to begin reopening stores as soon as next month under a new ownership team that plans to expand the chain beyond its signature cupcakes.



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GM to Make Cadillac SRX in U.S.

General Motors will move production of its Cadillac SRX crossover vehicle from Mexico to a plant in Tennessee, capping a multiyear shift by the auto maker to bring more work back into its unionized U.S. factories.



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American Pulls Fares From Orbitz

American Airlines has withdrawn its flights from consumer websites powered by Orbitz, following a similar dispute between the airline and the travel website about three years ago.



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Mix Wrestling, Tag for India's New Sports Craze

India's newest professional sport, kabaddi, is an ancient Indian game that in its newest incarnation is a high-octane mix of tag and Greco-Roman wrestling. It has been drawing sellout crowds and big TV audiences.



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Widespread Outages Hit Time Warner Cable

Time Warner Cable said service was largely restored as of early Wednesday morning following an outage of Internet and on demand services in all of its markets.



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Alibaba's Results Jump Ahead of IPO

The Chinese e-commerce company posted a jump in profit and revenue for the most recent quarter, weeks before it is expected to launch its hotly anticipated U.S. initial public offering.



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BMW and Daimler Unveil Bulletproof Cars

Murder and kidnapping are less common than they used to be in Russia, as United Nations data has it, but Moscow is still where the world's top auto makers like showing off their latest bulletproof cars.



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Kia Plans Mexico Assembly Plant

Kia Motors will build a $1.5 billion assembly plant near Mexico's border with the U.S., the latest in a spate of industry investments further accelerating the country into the top ranks of global automotive producers.



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Vietnam Airlines Plans IPO

Vietnam Airlines plans to launch an IPO in November, aiming to raise $70.6 million for the government through the sale of a 5% equity stake in the state-run carrier to public investors.



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Michaels's Results, Outlook Top Expectations

Michaels's fiscal second-quarter sales increased more than expected in the arts-and-crafts retailer's first earnings report since it went public again at the end of June.



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Express Profit Falls on Weaker Sales

ExpressInc. said its fiscal second-quarter earnings slid 59% as the specialty retail apparel chain reported a modest decline in sales and higher operating expenses.



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Sabre to Explore Possible Sale of Lastminute.com

Sabre Corp. said it is exploring a potential sale, along with other strategic options, of its lastminute.com business unit, in an effort to focus on its core business.



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Telefónica May Sweeten Bid for GVT

The board of Spain's Telefónica is scheduled to meet to consider sweetening its $8.82 billion bid for Vivendi's Brazilian operator, GVT, amid worry Telecom Italia may make a rival bid.



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Tiffany Profit Rises on Strong Sales

Tiffany said its fiscal second-quarter profit jumped 16% as the Americas and Asia-Pacific regions drove sales higher.



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Brown-Forman's Profit Rises 5% on Jack Daniel's Brand

Brown-Forman said its first-quarter profit rose 5%, driven by strong sales growth of its Jack Daniel's brand and higher sales in emerging markets.



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China Volkswagen Probe Not Tied to Antitrust Investigation

A Chinese government probe into current and former executives at a Volkswagen AG joint venture isn't tied to an antitrust investigation into foreign auto makers, according to the auto maker and its local partner.



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China Probes Executives at Volkswagen Joint Venture

Chinese officials have launched a probe into a former and a current executive at FAW-Volkswagen Automobile, one of Volkswagen's joint ventures in the country.



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Bristol-Myers Hepatitis C Drug Approved in Europe

European regulators have approved a Bristol-Myers Squibb Inc. drug for use in hepatitis C combination treatments, the company said.



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Donaldson Reports Strong Earnings

Donaldson Co. said its fiscal fourth-quarter profit and sales rose, topping analysts' views, while the filtration-systems maker said it expected improvement in the coming fiscal year.



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Chinese Conglomerate Plans E-Commerce Venture

China's Dalian Wanda Group plans to launch an $814 million e-commerce joint venture with Internet giants Baidu and Tencent.



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Chiquita, Fyffes See More Merger Savings

Chiquita Brands and Irish fruit company Fyffes have identified an extra $20 million in annual savings from their proposal to join forces to create the world's biggest banana company.



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Westfield Raises Bet on Europe

Australian developer Westfield said it has raised its stake in a $1.84 billion shopping mall planned for Italy as it seeks other opportunities on the continent.



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Brazil Oi Explores Buying Stake in TIM

Brazilian telecommunication company Oi SA said it has hired local investment bank BTG Pactual to review options for acquiring a stake in rival TIM Participacoes SA, a unit of Telecom Italia SpA



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Australia, Indonesia Sign Intelligence Agreement

A new intelligence code of conduct between Australia and Indonesia will help increase cooperation and combat the threat of militants returning home from fighting in Syria and Iraq, Australia said.



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Tower Bersama Bids for Telecom Assets

Some of Indonesia's largest telecommunications infrastructure companies including Tower Bersama are among the bidders to buy some of the telecom towers of XL Axiata in a deal that could be worth $500 million, people with knowledge of the matter said.



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WPP Optimistic About Rest of Year

Advertising giant WPP said it was optimistic for the rest of the year as the company posted a rise in net profit despite lingering concerns about currency swings and increased geopolitical tensions.



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Connecticut Exchange CEO to Run HealthCare.gov

The Obama administration on Tuesday named Kevin Counihan, who led one of the few successfully launched insurance exchanges under the health law, as chief executive officer of HealthCare.gov.



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Fonterra Seeks Tie-up With Chinese Baby-Food Maker

New Zealand's Fonterra Co-Operative Group and Hangzhou Beingmate Group announced a partnership aimed at meeting rising demand for infant formula in China.



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Rusal First-Half Revenue Falls

Aluminum producer Rusal said revenue fell 15.7% in the first half of 2014 to $4.38 billion from a year earlier, due to decreased aluminum sales.



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Fighting Space Junk: The Next Generation

Lockheed Martin has joined with an Australian tech company to build a tracking station in the Australian Outback that can follow debris threatening satellites.



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Peeking Into China's Microsoft Probe

Chinese authorities are looking at how Microsoft distributes its media player and browser, providing additional details on a probe that led to recent inspections of the software giant's China offices.



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Germany's Expensive Gamble on Renewable Energy

Many companies worry the cost of Germany's mammoth, trillion-euro plan to wean the country off nuclear and fossil fuels by midcentury will undermine the country's competitiveness.



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Corinthian Lenders Permit Sale of Some Assets

The lenders to troubled for-profit education company Corinthian Colleges Inc. have agreed to the sale of certain schools' assets, which would raise much-needed funds and allow operations to continue.



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How Ballmer Became a Basketball Mogul

The drama leading to the Microsoft ex-chief's first days as the Los Angeles Clippers' owner shows his unusual transformation from tech titan to rookie basketball mogul.



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GM Fund Receives 107 Death Claims Blaming Faulty Switches

The number of death claims already exceeds the 13 deaths that General Motors has officially attributed to the switch, which prompted the recall of 2.6 million vehicles earlier this year.



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OCBC in Talks to Sell United Engineers Stake

Singapore's Oversea-Chinese Banking Corp. and its insurance unit are in talks to sell their stakes in a property and engineering company to Thai billionaire Charoen Sirivadhanabhakdi.



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Volvo Unveils New Look for XC90 Sport-Utility

Volvo Car officially unveiled its second-generation XC90 sport-utility vehicle, its first model developed under the ownership of Chinese auto maker Zhejiang Geely Holding Group.



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Mix Wrestling, Tag for India's New Sport Craze

India's newest professional sport, kabaddi, is an ancient Indian game that in its newest incarnation is a high-octane mix of tag and Greco-Roman wrestling. Since the start of its first season last month, it has been drawing sellout crowds and big TV audiences.



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Ex-Porsche Executives Face Trial

A German court will open a trial into two former Porsche Automobil Holding executives accused of market manipulation linked with the company's failed attempt to take over Volkswagen.



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American Pulls Fares From Orbitz

American Airlines has withdrawn its flights from consumer websites powered by Orbitz, following a similar dispute between the airline and travel website about three years ago.



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Google Acquires Video and Special-Effects Startup Zync

Google Inc. said it acquired video and special-effects startup Zync Inc. as the Internet giant steps up competition against Amazon.com Inc.'s cloud-computing business.



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Lufthansa, Pilots Union to Meet Thursday

Deutsche Lufthansa said there is no immediate danger its pilots would strike after the union and the airline both agreed to return to talks to resolve a deadlocked dispute over retirement benefits.



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Tepco Is Ordered to Pay $470,000 in Suicide

Tepco was ordered to pay $470,000 to the family of a woman who committed suicide after evacuating her home near the stricken Fukushima Daiichi nuclear power plant.



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India's Defense Ministry Limiting Finmeccanica's Future Bid Ability

India's Defense Ministry is imposing limits on Finmeccanica SpA's ability to bid on future weapons-supply deals, after Italian prosecutors leveled corruption charges against the Italian arms company and two of its former executives, an official said.



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Statoil Production Activity at High

Statoil said its activity level is at its highest ever, with more than 100 projects in planning or execution, and said it aimed to maintain its current oil and gas production in coming years.



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WHO Calls for Limits on E-Cigarettes

The World Health Organization on Tuesday called for tougher restrictions on electronic cigarettes, including curbs on advertising, indoor use and such flavors as fruit and candy.



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Air China Profit Down on Weak Yuan

Chinese flag carrier Air China said foreign-exchange losses pushed its profit down 58% during the first half even as revenue from air travel grew, in a sign of how a weakening yuan is weighing on corporate earnings.



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Sandell Nominees Join Bob Evans Board

Four nominees put forth by Sandell Asset Management will join the board of Bob Evans Farms, one fewer than the activist investor claimed last week.



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Hewlett-Packard Recalls Power Cords

Hewlett-Packard recalled more than six million power cords for notebook computers in the U.S. and Canada over potential fire and burn risks, federal regulators said.



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China Probes Executives at Volkswagen Joint Venture

Chinese officials have launched a probe into a former and a current executive at FAW-Volkswagen Automobile, one of Volkswagen's joint ventures in the country.



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Fairchild Cutting 15% of Workforce

Fairchild announced plans to shed some older manufacturing operations, moves it said will trigger a 15% reduction in its 9,000-employee global workforce.



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Guangzhou Automobile Profit Rises

China's Guangzhou Automobile said Tuesday its profit grew 42% in the first half, as its Japanese partners continued to rebound after political tensions sent sales plummeting two years ago.



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Daimler Sets High Hopes for 'Denza' Electric Car in China

Daimler's China chief said he is optimistic about prospects for an electric vehicle the car maker will produce with local partner BYD despite disappointing sales in China for alternative vehicles.



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McDonald's Could Reconsider Its Relationship With China Supplier

McDonald's has replaced its largest supplier in China in the wake of an expired-meat scandal and could reconsider the relationship pending results of a government probe into the supplier's practices.



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Statoil Expects Delays in Russia

Statoil has said that Western countries' sanctions against Russia will slow down approvals for some of the Norwegian firm's Rosneft joint ventures.



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Burger King to Buy Tim Hortons

Burger King agreed to buy Canadian coffee-and-doughnut-chain Tim Hortons for about $11 billion, confirming plans to move the iconic American brand north of the border.



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Medtronic Buys Brain-Stimulation Firm

Medtronic said it acquired Sapiens Steering Brain Stimulation for about $200 million in cash, as the medical-devices maker looks to broaden its capabilities in the brain-function field.



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Malaysia Airlines Faces Big Job Cuts

Malaysia Airlines is likely to cut a quarter of its staff and stop flying to some cities in China and Europe as a part of the embattled flag carrier's revival plan that may be announced later this week, according to people familiar with the proposals.



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WPP Optimistic For Rest of Year

Advertising giant WPP said it was optimistic for the rest of the year as the company posted a rise in net profit despite lingering concerns about currency swings and increased geopolitical tensions.



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Ailing Qantas Confronts Tough Choices

As Qantas prepares to report the deepest loss in the airline's history, Chief Executive Alan Joyce faces a painful dilemma. Mr. Joyce is under growing pressure to sell some assets—including the successful frequent-flyer business.



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Millennials Lose Taste for McDonald's

Behind McDonald's worst slump in a decade is a trend that may augur even tougher times ahead: The Golden Arches is losing its luster with younger consumers.



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Pictet Reports Results for First Time

Swiss bank Pictet publicly disclosed financial results for the first time in its 209-year-old history, underlining the sea change in the country's traditionally secretive banking sector.



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Fighting Space Junk: The Next Generation

U.S. defense giant Lockheed Martin has joined with a Sydney-based tech company to build a tracking station in the Australian Outback that can follow debris threatening satellites.



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China's Microsoft Probe Looks at Media Player, Browser

Chinese authorities are looking at how Microsoft distributes its media player and browser, providing additional details on a probe that led to recent inspections of the software giant's China offices.



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Automotive Customer Satisfaction Dips Again

Fewer incentives and higher expectations dampened shopper spirits, causing vehicle satisfaction levels to dip for a second straight year even as Americans continue buying cars and pickup trucks at a robust pace.



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For Steve Ballmer's Next Act, A $2 Billion Impulse Buy

The drama leading to the Microsoft ex-chief's first days as the Los Angeles Clippers' owner shows his unusual transformation from tech titan to rookie basketball mogul.



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Smartwatches Put Pressure on Swatch

Swatch Group has long dismissed the threat of smartwatches. But with Apple's iWatch looming and its stock slumping, the Swiss company appears to be switching gears.



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Google's Bumpy Road Trip

Google Inc. caused a stir when it unveiled a self-driving car without a steering wheel, or brake and acceleration pedals. Now the car is bumping up against California rules as well as liability questions.



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Roche to Acquire Biotech Firm

Roche Holding agreed to buy biotech company InterMune for $8.3 billion in cash, the biggest acquisition in years for the Swiss pharmaceutical giant after a string of smaller purchases.



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Oil Firms Boost Export Lobbying

The oil industry is gearing up for a postelection lobbying push to loosen the four-decade U.S. ban on exports of crude oil, saying that relaxing the prohibition would create jobs and stimulate the economy.



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Buffett to Help Finance Burger King Takeover of Tim Hortons

Investor Warren Buffett is helping finance Burger King Worldwide Inc.'s planned takeover of Canadian coffee-and-doughnut chain Tim Hortons Inc..



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U.S. Judge Overturns GMO Crop Curbs in Hawaii

A federal judge ruled against a new law in Hawaii curbing genetically modified crops, handing a victory to seed and chemical companies in a battle over modern agricultural techniques.



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Slow Going for Natural-Gas Powered Trucks

Amid the strongest market for commercial trucks in eight years, U.S. sales of natural-gas powered haulers are just inching ahead, slowed by premium prices, limited infrastructure and more efficient diesels.



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U.S. Manufacturers Lose Ground

America's shale boom has raised hopes of a revival in U.S. manufacturing, in part fueled by cheaper energy. But U.S. factories still are losing ground to rivals in Asia and Europe.



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What Does Burger King Want With Doughnuts?

Is Burger King Worldwide's sudden hunger for coffee and doughnuts an effort to expand Tim Hortons Inc.'s international footprint or merely a financial maneuver?



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Bidders Pounce on Firms' Weakened Defenses

A more aggressive stance by shareholders is opening new avenues to hostile bids and ushering in radical changes to boards and management teams.



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Firms Say 'No Way' to 'Say on Pay'

Oracle, RadioShack and Nabors Industries are a few of the companies that keep giving top officers sky-high pay packages and luxury perks despite shareholder ire.



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Time Warner's Turner Broadcasting Division to Offer Buyouts

Time Warner's Inc.'s Turner Broadcasting cable TV division is planning to offer voluntary buyouts to between 500 and 600 employees this week, according to people familiar with the matter.



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Gym Owner Life Time Fitness Considers a REIT

Gym operator Life Time Fitness may put its property into a real-estate investment trust, a step that could help lower its tax bill and shape up its stock.



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Federal Investigators Expel Pilots Union, UPS From Crash Probe

Federal accident investigators looking into the crash of a United Parcel Service cargo plane a year ago took the unusual step of expelling both company and pilots union reps from the probe.



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A Mid-Calorie Coke for Mexico's Fat Fight

Coca-Cola is introducing a mid-calorie cola in Mexico, its second-biggest market by sales volume and a country that's struggling to shed the pounds.



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Singapore's United Engineers Sells Automotive Unit

Singapore-based property and engineering company United Engineers Ltd. is selling its automotive unit to a Malaysian conglomerate for US$364 million.



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Western Digital Names Finance Chief

Amgen Inc.'s vice president of finance, Olivier Leonetti, will take over as Western Digital Corp.'s chief financial officer on Sept. 8, the hard-drive maker said.



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Jamba Moves to Cut Expenses

Jamba Inc., the parent company of Jamba Juice, reached a consulting and outsourcing deal with Capgemini as part of a plan to cut 10% to 20% of its general and administrative expenses next year.



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Cliffs CEO: Mining Assets For Sale at 'Right Price'

The new chief executive of iron-ore and coal miner Cliffs Natural Resources said he would sell less profitable assets at the right price rather than separate the business into two firms.



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Luxottica Board Meeting to Consider Management Structure

Luxottica Group said it called a board meeting for Sept.1, to "consider the management structure" of the company and the position of Chief Executive Andrea Guerra.



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Boeing Tanker Problems Don't Concern Air Force

A senior U.S. Air Force general said he was unconcerned with development problems on the KC-46A Pegasus, a new aerial refueling tanker Boeing is building.



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Ford Truck Plan Picks Up Speed

Ford's schedule to start producing the all-aluminum F-150 pickup truck is on track and even a few days ahead after the company began pulling out old equipment from the truck plant where the vehicle is made.



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Canada's Hootsuite Is Close to Investment From Fidelity

Canada's Hootsuite Media Inc. is close to securing an investment from Fidelity Investments, according to a person familiar with the matter.



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Amazon to Buy Video Site Twitch

Amazon has agreed to acquire Twitch, a live-streaming service for videogame players, for more than $1 billion, according to a person who has been briefed on the matter.



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Burger King in Talks to Buy Tim Hortons

For the second time in five years, Tim Hortons Inc. has given Canada reason to trumpet its low corporate tax rate.



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Lufthansa Seeks to Reopen Talks With Pilots Union

Deutsche Lufthansa said Monday it continues to seek new talks with its pilots union to avert collective action, after the union said over the weekend it could strike at any time in a dispute over retirement benefits.



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India Drops Plan for Antidumping Tariffs on Solar Cells

India has dropped a plan to impose antidumping tariffs on solar cells imported from the U.S., China, Taiwan and Malaysia, a senior government official said Monday.



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GrubHub to Offer More Stock

GrubHub filed to offer 10 million of its shares on behalf of the takeout-food ordering platform and its shareholders.



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VMware Moves to Defuse Software Threats, Plans Hardware

VMware on Monday plans to announce responses to two emerging technologies that have been widely seen as threats to the company's lucrative software franchise.



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Saudi Aramco CEO Warns on Oil Supply

The chief executive officer of Saudi Aramco, the world's biggest oil producer, said that rising oil-sector costs and global turmoil could lead to a lack of oil supplies down the line, if companies fail to make sufficient investments.



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Calpine to Buy Boston-Area Power Plant

Calpine Corp. said it will acquire the Fore River Generating Station and related plant inventory from Exelon Corp. for $530 million to expand its presence in the Boston region



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China's BYD Posts Better Electric Car Sales

BYD said sales of electric cars jumped during the first half of the year, but analysts said the improvement wasn't big enough to signal serious mass-market demand.



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BOC Aviation Orders 82 Planes From Boeing

BOC Aviation, the Singapore-based aircraft leasing arm of Bank of China, ordered 82 aircraft from Boeing. The list-price value for the planes is $8.8 billion.



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Alcoa to Book Charge as It Closes Italian Smelter

Alcoa said Monday it will book a big charge as it permanently shuts down an expensive smelting facility in Italy that had been curtailed for nearly two years.



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Investors Bail Out of BlueScope

Investors lost patience with BlueScope Steel's recovery strategy, dumping more than US$405 million of the Australian steelmaker's shares after it reported a fourth straight annual loss and forecast flat earnings in the coming months.



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Fairchild to Close Two Plants

Fairchild said it would close two manufacturing facilities and certain fabrication lines as part of its effort to cut costs and improve manufacturing capabilities.



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South Korea to Act Against U.S. Steel Tariffs

South Korea said it plans to fight U.S. antidumping tariffs imposed on South Korean steel pipes and tubes for oil drilling.



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Weaker Renminbi Hits Baosteel

Already facing pressure from slumping demand, Baosteel, China's largest listed steelmaker, has a new challenge: A weakened Chinese currency.



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Sonoco to Buy Germany's Weidenhammer

Sonoco Products said it agreed to buy Germany's Weidenhammer Packaging Group for about $383 million in a bid to broaden its consumer-related packaging and services offerings.



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Statoil Sees Russian Delays

Norway's Statoil has warned that western countries' sanctions against Russia will slow down the process of getting the go-ahead for some of its joint ventures with Russian oil group Rosneft.



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Activist Presses Ann Taylor for a Sale

Engine Capital, which along with a partner controls more than 1% of Ann Inc. stock, believes a strategic or private-equity buyer would be willing to pay between $50 and $55 a share for the women's retailer.



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Dynegy to Buy Power Plant Assets

Dynegy will nearly double its power-generating capacity when it buys 21 plants for $6.25 billion from Duke Energy and Energy Capital Partners.



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Dangerous Economy Thrives in Abandoned Gold Mines

In South Africa, tens of thousands of illegal gold diggers sneak into old mines, risking personal harm and posing a financial threat to the mining industry.



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Fiat-Chrysler Faces Bend in the Road

Sergio Marchionne's master plan for Fiat SpA and Chrysler faces an important bend in the road, as the Italian auto maker will find out if it garnered enough support to reorganize the group.



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Traffic Surge Snarls Rotterdam Port

An unexpected increase in summer traffic through Rotterdam has caused a congestion at Europe's busiest container port just as the facility has reduced capacity for upgrades.



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Millennials Lose Taste for McDonald's

Behind McDonald's worst slump in a decade is a trend that may auger even tougher times ahead: The Golden Arches is losing its luster with younger consumers.



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Amazon Can't Cage 'Goldfinch' Publisher

Best-selling novel "The Goldfinch" is giving Hachette Book Group a much-needed boost this summer as the publisher weathers the fallout from a lengthy e-book contract dispute with Amazon.



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Burger King in Talks to Buy Tim Hortons in Canada Tax Deal

Burger King is in talks to buy Canadian coffee-and-doughnut chain Tim Hortons, a deal that would be structured as a so-called tax inversion and move the hamburger seller's base to Canada.



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Valeant Pushes Ahead in Fight for Allergan

Amid hostile takeover bid, it asks a judge to speed vote that could oust a majority of the Botox maker's board.



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Airbus Pursues Far-Off Routes

Airbus intends to ramp up flight tests to demonstrate that its newest jet model eventually should be allowed to fly routes taking it as many as seven hours from an emergency landing strip.



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A Tiny Oil Platform, One Big Mystery

A small oil facility off the coast of Africa appears to be sending lots of crude to Europe, raising questions by Nigerian and U.S. authorities about whether some of it is pilfered Nigerian crude.



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U.S. Probes Role of GM Lawyers in Recall

Federal prosecutors are looking at the role employees inside and outside of General Motors' legal department played in a delayed ignition-switch recall linked to 54 accidents and more than a dozen deaths.



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Google's Bumpy Road Trip

Google Inc. caused a stir when it unveiled a self-driving car without a steering wheel, or brake and acceleration pedals. Now the car is bumping up against California rules as well as liability questions.



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It's Time to Take Artificial Intelligence Seriously

Artificial intelligence has been transformed from an academic curiosity to something that has measurable impact on our lives.



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Oil Firms to Pump Up Lobbying on Exports

The oil industry is gearing up for a postelection lobbying push to loosen the four-decade U.S. ban on exports of crude oil, saying that relaxing the prohibition would create jobs and stimulate the economy.



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Sparks Fly on Privatizing Air-Traffic Control

Debate is mounting in Washington over whether the U.S. air-traffic control system would function more efficiently as a commercial entity.



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Air Force Wants to Retire Warthog Jets

The U.S. Air Force plans to revive its controversial push to retire the A-10 fighter jet in the face of fierce opposition from lawmakers.



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Former IBM Chief Akers Dies

John Akers, who led IBM as its longtime dominance of the computer industry began to wane, died Friday at 79 years old.



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GM Mulling Expansion Plans for Russian Plant

General Motors Co. is considering whether to delay the expansion of its Russian plant near St. Petersburg amid lackluster sales and weakening consumer sentiment.



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Buyout Firm Oak Hill to Acquire Berlin Packaging

Private-equity firm Oak Hill Capital Partners reached a deal over the weekend to acquire Berlin Packaging LLC for $1.43 billion including debt, said people familiar with the matter.



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U.S. Stock Investors Straddle the Fed's Line

Abreast of the Market: Federal Reserve officials are signaling they are on track to start slowly raising interest rates next year, a shift that means a delicate balancing act for investors.



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China: Outmanned in Robotics

Chinese electronics makers face pressure to automate as labor costs rise but are challenged by the low margins, precise work and short product life of the phones and other gadgets that the country produces.



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Roche to Buy InterMune for $8.3 Billion

Roche Holding said it agreed to buy San Francisco-based biotech company InterMune Inc. for $8.3 billion in cash, the biggest acquisition in years for the Swiss pharmaceutical giant after a string of much smaller purchases.



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MBK to Sell Cable-TV Stake to Wei Family Entity

MBK Partners LP agreed to sell its holding in a major Taiwanese cable-television operator to a consortium led by a local food tycoon for at least 70 billion New Taiwan dollars (US$2.3 billion), a person familiar with the situation said Sunday.



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BlackBerry Wins Court Case Against Typo

BlackBerry Ltd. scored another court victory against a company co-founded by television personality Ryan Seacrest, after a U.S. court upheld a preliminary injunction preventing the firm from selling its iPhone keyboard.



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Al Gore Had Doubts Over Sale to Al Jazeera

Al Gore had "serious reservations" about selling Current TV to Al Jazeera but overcame them because he believed the U.S. was likely to influence the broadcaster and foster understanding, court papers say.



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Comparison Sites for Credit Cards Under Fire

The mutually beneficial relationship between a number of card issuers and comparison sites has turned icy, with heated conversations between the parties, banks cutting off ties with some sites and, in one case, a lawsuit.



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Endo Puts Medical-Device Unit on Auction Block

Endo International PLC has put its medical-device unit up for sale, according to people familiar with the matter, just three years after buying the business.



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Amazon Preps a Challenge to Google

Amazon is gearing up to challenge Google's dominance of the online advertising market, developing its own software for placing ads online that could leverage its knowledge of millions of Web shoppers.



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CNN Held Talks About Joint Venture With Glenn Beck's The Blaze

CNN executives have held talks in recent weeks with representatives from Glenn Beck's The Blaze, a 24-hour news and entertainment network, about a potential joint venture to overhaul HLN, according to people familiar with the matter.



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More Than 1,000 Businesses Affected by 'Backoff' Malware

The Department of Homeland Security urges all companies to check for the possible malware infection, which targets cash registers.



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Cargill: Former Executive Stole Trade Secrets

Cargill sued a former executive of its meatpacking division, alleging he stole trade secrets before resigning to join rival JBS this month.



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Recall 'Concierge' Schedule Repairs at Dealers

With big auto-repair recalls by GM and Chrysler, new car dealers are scrambling to hire additional mechanics and in some cases are hiring staff just to organize appointments.



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U.S. Regulator Approves GE-Powered 787-9 Jet

U.S. air-safety officials have approved the new version of the Boeing 787 Dreamliner equipped with GE engines for commercial flights, with the first delivery of the jet expected as early as next week.



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T-Mobile, Sprint Cut Prices

A few weeks ago Sprint and T-Mobile were contemplating a merger, and now they are out to steal each other's customers.



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No Knockoff Here. Meet China's New Gadgets

In labs and startups across China, tinkerers with big dreams are pushing a new wave of innovation. They see smart gadgets as an opportunity to create a Chinese-designed product for a global audience.



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Russia Raises Heat on McDonald's

Russia expanded inspections of McDonald's restaurants across the country, a day after several Moscow restaurants were temporarily closed.



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Google Fuels Internet Access, Plus Debate

Google's effort to provide faster Internet speeds at lower cost is changing how next-generation broadband is rolled out—while stirring debate about the "digital divide."



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Walgreen Unable to Fill Prescriptions

Walgreen Co.'s pharmacy database crashed earlier today, preventing customers from filling prescriptions at the largest drugstore chain in the U.S.



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Tariffs on South Korean Steel Confirmed

The International Trade Commission confirmed the imposition of tariffs on imports of steel pipe and tube from South Korea and five other countries, a victory for U.S. steelmakers.



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German Efromovich Will Put Brazilian Shipyards Up for Sale

Synergy Group Corp. is looking to sell its Brazilian shipyards unit for $1 billion, exiting a business that has struggled to recover from a soured deal with the Venezuelan government.



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Google Acquires Gecko Design

Google said it acquired mechanical engineering and product-design company Gecko Design as the Internet-search giant increasingly works on hardware products, rather than just software.



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Avolon Pursues IPO as Sale Talks Continue

Avolon Holdings Ltd. outlined more details of a planned initial public offering, though the Ireland-based aircraft leasing company is continuing talks with a number of potential buyers in Asia.



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Sinopec Profit Rises

Sinopec reported that its first-half net profit rose 8% from the year before on improved refining margins after Beijing introduced changes to fuel pricing last year.



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McDonald's Taps New U.S. Chief

McDonald's named Mike Andres the new president of it U.S. operations, turning to a familiar face to help it rebound from recent struggles in the fast-food chain's core market.



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UnitedHealth to Expand Health-Exchange Policies to 24 States

UnitedHealth Group Inc. has applied to sell plans in 24 states' health-law consumer marketplaces next year, including major markets such as Texas and Pennsylvania



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Deere Laying Off 460 More Workers

Deere unveiled another round of layoffs Friday as the company continues to scale back agricultural-equipment production amid weaker demand.



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Murata to Buy Peregrine Semiconductor

Japan's Murata Manufacturing Co. said it agreed to buy Peregrine Semiconductor Corp. for about $471 million, or $12.50 a share, a roughly 63% premium.



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Ann Cuts Guidance as Results Beat Lowered Expectations

Ann Inc. cut its sales guidance for the year amid soft traffic and continued promotions, while its fiscal second-quarter sales just beat the downbeat guidance the retailer offered earlier this month.



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Rosneft Buys Stake in N.Y.-Listed Driller

New York-listed North Atlantic Drilling said that Russia's Rosneft would acquire 30% of its shares in exchange for cash and 150 of Rosneft's onshore drilling rigs, following a deal struck before sanctions were imposed on Russia.



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CEZ Likely to Bid Slovenske Elektrarne

Enel wants to sell its 66% stake in the Slovak electricity company and Czech peer CEZ is likely to make a bid..



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Foreign Investors Rethink Enthusiasm on Myanmar Aviation

Aviation, once thought to be one of Myanmar's most promising sectors, is losing its shine with foreign investors, offering a window into the slowdown in investment into the country.



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Sears Eyes Balance Sheet Help

Sears Holdings Corp. burned through more cash as its losses mounted in the second quarter, prompting the once venerable retailer to say it is weighing additional steps to shore up its balance sheet.



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Family Dollar Rejects Dollar General Bid

Family Dollar rejected Dollar General's $9 billion cash offer, opting to stick with Dollar Tree's $8.5 billion cash-and-stock deal that is worth less but may have an easier time passing muster with antitrust regulators.



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Dynegy to Buy $6.25 Billion in Assets

Dynegy has agreed to pay $6.25 billion to buy 12,500 megawatts of coal and gas generation assets from Duke Energy and Energy Capital Partners, a deal that will nearly double its portfolio.



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Traffic Surge Snarls Rotterdam Port

An unexpected increase in summer traffic through Rotterdam has caused a congestion at Europe's busiest container port just as the facility has reduced capacity for upgrades.



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Foot Locker Profit Rises 39%

Foot Locker Inc. said its fiscal second-quarter profit jumped 39% as sales continued to climb.



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Candy Crush Saga Reaches China

Candy Crush Saga, one of the world's most successful mobile games, has finally been released in China by the country's main mobile game publisher Tencent Holdings.



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Cathay Pacific to Launch Hong Kong-Boston Flights

Cathay Pacific said it plans to launch nonstop flights to the eastern U.S. city of Boston from May 2015 as the Hong Kong-based airline looks to expand its long-haul offerings.



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Hibbett Sports Profit Declines 21%

Hibbett Sports Inc. said its fiscal second-quarter profit declined 21% as higher costs and expenses offset a modest gain in revenue.



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LSE Plans Rights Issue

London Stock Exchange Group said it plans to raise £938 million ($1.56 billion) from a rights issue to help funds its acquisition of asset manager Frank Russell Co.



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Arvind to Bring Gap Stores to India

India's Arvind said it plans to open retail outlets in India with U.S. apparel retailer Gap.



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Great Wall's First-Half Net Profit Falls 3.3%

Chinese car maker Great Wall Motor said its first-half net profit fell 3.3% from a year earlier due to falling sedan sales, as problems delay the launch of a flagship sports-utility model.



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Germany Clears Sale of RWE Unit to Russian

Germany has approved the sale of RWE's oil and natural gas exploration subsidiary Dea to an investment holding vehicle of Russian entrepreneur Mikhail Fridman.



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A Tiny Oil Platform, One Big Mystery

A small oil facility off the coast of Africa appears to be sending lots of crude to Europe, raising questions by Nigerian and U.S. authorities about whether some of it is pilfered Nigerian crude.



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