Fed's Bullard: 'In Good Shape' to Raise Rates in September

Federal Reserve Bank of St. Louis President James Bullard says economic data seen since central bankers gathered this week are bolstering the case for raising short-term rates when officials meet in September.

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Former FAA Consultant Claims Agency Failed to Act on SpaceShip Two Warnings

FAA officials repeatedly failed to act on safety warnings about an experimental rocket ship backed by billionaire British entrepreneur Richard Branson that crashed in 2014, according to a former agency consultant.

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Pain Worsens for Oil Giants

Exxon Mobil and Chevron reported their worst profits from pumping oil and natural gas in more than a decade as low crude prices lopped off billions of dollars from their quarterly haul.

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Dairy Dispute Disrupts Pacific Trade Talks

A bitter fight over the dairy industry is souring high-level talks aimed at concluding a sweeping trade agreement among 12 Pacific nations, according to people involved in the negotiations.

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UPS to Buy Coyote Logistics for $1.8 Billion

UPS said it agreed to buy shipping-services provider Coyote Logistics for $1.8 billion as delivery giants seek new ways to grow in a rapidly changing global economic and technological environment.

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Verizon in Union Negotiations to Avert a Strike

Verizon Communications Inc. is in negotiations with unions covering more than 37,000 of its employees to reach a new contract ahead of a Saturday night deadline and avert a strike.

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Yahoo to Buy Social Shopping Site Polyvore

Yahoo Inc. agreed to buy social shopping site Polyvore Inc., a move intended to enhance the portal’s “Mavens” growth strategy.

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Crumbling Roads Put a Dent in Drivers' Wallets

Deteriorating state of the nation’s highways are adding to auto maintenance costs across the country.

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Uber Crosses $50 Billion Valuation

Uber has closed a new round of funding that values the five-year-old ride-hailing company at close to $51 billion, reaching the mark faster than Facebook did.

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Marines Say Costly F-35 Jet Fighter Is Finally Ready

The U.S. Marine Corps said Lockheed’s F-35 Joint Strike Fighter is finally ready for combat, a milestone for the world’s most expensive weapons program.

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Designer Alexander Wang to Leave Balenciaga

Fashion designer Alexander Wang is leaving his post as creative director at Paris-based luxury house Balenciaga to focus on expanding his own eponymous brand.

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Lamborghini Plots First Sport-Utility

Italian sports-car maker Lamborghini envisions big changes for its product line and production methods, aiming to build its first sport-utility with components borrowed from parent Volkswagen vehicles.

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UPS Confirms Coyote Logistics Purchase

United Parcel Service agreed to buy Coyote Logistics, which provides transportation and shipping services, for $1.8 billion.

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New Question for Law Grads: When Is a Job Not a Job?

Some law schools have been paying to place graduates in positions, giving them a boost in a national ranking. But the American Bar Association is tightening the rules on how such positions are counted.

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U.S. Employment Costs Rise 0.2% in Second Quarter

U.S. labor costs rose at the slowest pace in at least three decades in the spring, a sign of persistently sluggish wage growth that could weigh on the Federal Reserve’s decision to raise short-term interest rates.

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Exxon Mobil Earnings Cut in Half

Exxon Mobil Corp., the biggest and richest U.S. oil company, reported a 52% drop in profit for its second quarter, even as lower crude prices drove its refining earnings higher.

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Solar-Power Fight Hits Home in Arizona

Arizona, the epicenter of a nationwide debate between solar companies and utilities, is introducing new rules for companies that offer solar-panel leases. But the firms say the regulations are an effort by traditional utilities to try to stop the spread of residential solar in the state.

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Relativity Media's Bankruptcy Filing Ripples Beyond Hollywood

Relativity Media isn’t the first independent studio that ended up in bankruptcy. But it is the first that could cause problems for NBA stars, college students and a probiotic soda in the process.

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IAG to Boost Fleet as Profit Soars

British Airways parent IAG plans to boost its fleet amid stronger business prospects, as it reported second-quarter profit rose 27.9%.

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BG Production Hits Record Before Shell Merger

BG Group said production rose to a record level for the company in the second quarter, providing a window into the logic behind Royal Dutch Shell’s decision to buy the U.K. energy giant.

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Honda Motor Profit Driven Higher by SUV Sales

Honda’s first-quarter profit rose 19.6% from a year earlier, aided by a weaker yen and strong sales of sport-utility vehicles in the U.S. and China.

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ArcelorMittal Pressured by China and Russia

Steel titan ArcelorMittal said its second-quarter net profit was lifted by lower foreign exchange charges but warned that increased competition from steel imports, mainly from Russia and China, still threaten its business.

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Carrefour Reports Sharp Decline in Profit

French retailer Carrefour said it had made progress in its efforts to kick-start growth despite reporting a sharp decline in profit as it continued to integrate the loss-making French operations of Spanish hard-discounter Distribuidor Internacional de Alimentacion.

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Sharp to Quit Selling TVs in the U.S.

The Japanese electronics company reports a bigger-than-expected net loss for the April-June quarter.

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Airbus Profit Rises Despite A400M Charge

Airbus reported a 5% rise in second-quarter profit even as the A400M military transport plane program, which has repeatedly been a drag on earnings, once again impaired the European plane maker’s financial results.

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IKEA Gets Deeper Into the Woods

IKEA is buying forests to wield more control over its most important raw material: wood.

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Thirsty for Growth, Liquor Giant Taps Africa

Diageo and other global spirits companies are expanding across Africa, targeting even the poorest consumers with liquor made locally and sold cheaply.

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LinkedIn Gets Boost From Lynda Deal

LinkedIn’s stock fell in after-hours trading as investors realized it beat growth expectations because of the recent acquisition of lynda.com, not due to a recovery in its core business.

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Comcast's Wireless Plan May Need Update

Comcast struck a deal with Verizon in 2011 giving it the right to sell wireless service using the carrier’s network at set terms and pricing. But as it again explores a wireless offering the deal is looking dated.

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Regal Cinemas Rejects Paramount's Distribution Idea

Regal Entertainment, the nation’s largest movie-theater chain, isn’t signing on to Paramount Pictures’ plan to shorten the length of time it takes for a movie to become available to watch at home.

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SoulCycle Files to Go Public

SoulCycle, the New York-based company that has generated a craze over its spin classes, has filed to go public.

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Three Coke Bottlers in Talks to Merge

Three bottlers of Coca-Cola products in Europe are in advanced talks for a merger that would further a push by the U.S. soda giant to consolidate its bottlers around the world and lower costs.

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Google Quietly Distributes New Version of Glass

Google is quietly distributing a new version of its Glass wearable computer aimed at businesses in industries such as healthcare, manufacturing and energy, according to people familiar with the situation.

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Relativity Media Files for Chapter 11 Bankruptcy

Relativity Media LLC, the beleaguered independent film and television studio behind such recent releases as “The Lazarus Effect” and hits like MTV’s “Catfish,” filed for bankruptcy protection Thursday and put itself up for sale.

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FAA Steps Up Scrutiny of Allegiant

An unusual emergency landing by an Allegiant Travel flight low on fuel is drawing new scrutiny to the budget carrier following a string of other in-flight disruptions.

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Google Appeals French Right to Be Forgotten Order

Google is appealing a French order to expand Europe’s “right to be forgotten” world-wide, kicking off a legal tussle.

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Fiat Chrysler's Profit Jumps

Fiat Chrysler reported a two-thirds jump in second-quarter profit as it showed a strong improvement in its North America margins and consolidated a timid turnaround in its European business.

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Sony, Samsung Find Strength in Sales of Components

Earnings reports from Samsung and Sony underscore the tech giants’ increasing reliance on components sales as it becomes harder to make money selling consumer electronics.

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T-Mobile Raises Subscriber-Growth Outlook

T-Mobile US lifted its subscriber-growth outlook for the year as the company logged a better-than-expected 14% increase in revenue for its second quarter.

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Procter & Gamble Gives a Muted Outlook

Procter & Gamble gave muted guidance for its new fiscal year on Thursday, as sales fell 9.2% in the June quarter and the company booked a big charge related to an accounting change for its Venezuela operations.

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U.S. Economy Expands 2.3% in Second Quarter

The U.S. economy accelerated modestly in the second quarter after a slow start to 2015, but growth this year is still less than last year’s tepid first half and is well below the overall pace of the recovery.

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At SodaStream, a Rush Away From Sugar

SodaStream, a pioneer in make-it-at-home soda, is recasting itself as a “sparkling water’’ dispenser as Americans cut back on soft drinks. It also is rushing to remake itself before Keurig launches its cold-drink machine.

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Nokia, Alcatel-Lucent Shares Soar on Profit News

Nokia recorded a net profit for the second quarter, while Alcatel, which the Finnish company is acquiring, saw its first quarter of positive free cash flow since 2006.

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Time Warner Profit Falls, Despite Strong Subscriber Growth

Time Warner Cable said profit fell 7.2% in its latest quarter, as higher programming costs and a pension expense offset higher revenue and subscriber growth.

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Renault Shares Plunge Despite Strong Results

French car maker Renault reported an 86% rise in net income as strong European demand and an increase in sales to its partner auto makers boosted revenue, but investors punished the company for failing to do even better.

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Rolls-Royce CEO Pledges to Speed Turnaround Efforts

Rolls-Royce Chief Executive Warren East is promising to inject a greater sense of urgency into the British engine maker’s turnaround effort as the company reported a fall in sales and profit.

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AB InBev Profits Fall on Lower U.S., Brazil Sales

Anheuser Busch InBev said its net profit fell in the second quarter, missing analysts’ expectations as weakness in the U.S., Europe and Brazil weighed on sales.

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AstraZeneca Boosted by Licensing Deals

AstraZeneca reported an increase in second-quarter revenue, driven by income from licensing deals, though profit continued to fall as the company plowed heavy investment into new drugs it hopes will replace its old blockbusters.

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Nokia Beats Forecasts on Higher Software Sales

Nokia reported a better-than-expected second-quarter profit boosted by significantly higher software sales, which offset challenging market conditions.

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Sanofi Buoyed by Biotech and Lower Costs

Sanofi reported a 68% jump in second-quarter net profit, buoyed by its biotech business and lower costs.

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Lufthansa Profit Rebounds

Lufthansa second-quarter profit rebounded sharply even as the airline faces troubled labor relations and a compensation dispute with the families of survivors from the crash of a Germanwings jetliner.

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Repsol Profit Down 44% on Falling Oil Prices

Spain’s Repsol said its net profit fell 44% in the second quarter, as strong refining results couldn’t offset the effect of falling crude prices and the one-time gains that boosted its bottom line in the same quarter a year ago.

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Shell Profit Drops, to Cut 6,500 Jobs

Shell reported a sharp fall in second-quarter profit and said it would cut 6,500 jobs, illustrating the strain sustained low oil prices are putting on large producers.

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Siemens Hit by Weaker Energy Business

German industrial conglomerate Siemens reported a slight decline in quarterly profit, held back by weak growth at its power and gas division as it continues to be squeezed by low global oil prices.

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Sony Net Profit Surges in First Quarter

Sony’s net profit more than triples in April-June on strong sales in its videogame and smartphone image sensor divisions.

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Diageo's Operating Profit Edges Down

Diageo reported lower operating profit for the year as the world’s largest spirits maker logged lower revenue in North America, Asia and Latin America.

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Startups Scramble to Define 'Employee'

Lawsuits over worker classification are casting an investment chill over startups and are prompting some founders to switch their business models.

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SoftBank Committed to Sprint Turnaround

SoftBank is still committed to turning around Sprint, the struggling U.S. wireless carrier it bought in 2013, the company’s president said at the Converge tech conference in Hong Kong.

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Sugar Industry Sour on Trade Talks

High-level talks to wrap up a 12-nation Pacific trade pact have put one set of Hawaii’s locals on edge: Maui’s sugar cane operation, which is concerned that U.S. concessions to growers in other countries could hurt its business model.

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CEOs at Aetna, Anthem Help to Reshape Health-Insurance Industry

The health-insurance industry is being reshaped, in part because of efforts by Aetna’s Mark T. Bertolini, who has struck a deal for Humana, and Anthem’s Joseph Swedish, whose company is seeking to acquire Cigna.

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After 13 Spinoffs, Angry Birds Gets a Sequel

Rovio touts new version’s special goodies as it launches in a crowded gaming marketplace.

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Renewable Energy Powers Up Rural India

Small renewable-power companies are trying to light up India’s hard-to-reach rural regions.

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Hackers Trick Email Systems Into Wiring Them Large Sums

Cybercriminals are exploiting publicly available information and weaknesses in corporate email systems to trick small businesses into transferring large sums of money into fraudulent bank accounts.

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Whole Foods Results Add to Growth Concerns

Whole Foods reported disappointing results for the third quarter, increasing concerns about slowing growth at the natural-foods grocer.

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Luxe Valet to Convert Contract Workers to Employees

On-demand valet-parking service Luxe Valet is the latest tech startup to convert its independent contractors to employees with benefits.

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Can Windows 10 Revive PC Sales?

The release of Windows 10 holds promise for the PC industry, whose global shipments are down 21% from their 2011 peak. But will the new operating system reverse a smartphone driven decline?

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Facebook Revenue Rises 39%

Facebook posted second-quarter revenue above analysts’ estimates, a fresh sign of how deep-pocketed big brands are spending more to advertise across the social network.

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Jane Birkin Asks Hermès to Remove Name from Handbags

British actress Jane Birkin has asked Hermès International to remove her name from its iconic Birkin bags made with crocodile skin, objecting to what she said were cruel methods used on farms that raise the reptiles.

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Marketers Use Metal to Talk Tough

Metals and elements permeate language, but the gold standard is constantly changing. These days, the use of metallic adjectives is more popular than ever, as makers of cars and airplanes tinker with alloys.

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Dry Bulk Shipping Outlook Improving, Macquarie Says

The analysts say the tanker operators have kept capacity in check, helping their financial results amid a slow recovery in iron ore markets

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Fed Stands Pat on Rates, Sees Job Progress

The Federal Reserve kept rates near zero but cited progress in the U.S. job market, a sign it remains on course to raise interest rates in September or later this year.

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Northrop, General Dynamics Beat Expectations

Northrop Grumman and General Dynamics reported better-than-expected quarterly results and raised full-year guidance, driven by aerospace segments.

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U.S. Pending Home Sales Slip in June

A forward-looking indicator of home sales slipped in June, but remained well above year-ago levels, a sign the housing market is stabilizing.

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GSK Posts Sharp Fall in Profit

GlaxoSmithKline reported a sharp drop in net profit for the second quarter, reflecting the increased dominance of lower-margin vaccines and over-the-counter medicines in the company’s portfolio following its $20 billion asset swap with Novartis.

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Mylan Gets European Regulator's Approval for Perrigo Deal

Mylan NV said it has gotten regulatory approval from the European Commission to move ahead with its planned purchase of Perrigo Co., the latest advancement in a saga of recent drug-maker consolidation.

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Altria Nudges Guidance Higher as Revenue Rises

Altria Group nudged its earnings guidance higher on Wednesday, as improved cigarette shipment volumes led to better-than-expected revenue in the June quarter.

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Anthem Results Top Expectations

Anthem reported a better-than-expected 8.4% increase in revenue in its second quarter, while the insurer bumped up its full-year guidance for medical enrollment growth.

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Siemens, Bombardier in Talks on Train Merger

German industrial conglomerate Siemens is in talks to combine its rail unit with Canada-based Bombardier’s train business, people familiar with the matter said.

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Peugeot Swings to First Profit Since 2011

French car maker PSA Peugeot Citroën turned a profit for the first time since 2011 as higher prices, favorable foreign exchange rates and improved efficiency boosted the bottom line.

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Nissan Profit Jumps

Nissan Motor beat estimates to report a sharp 36% jump in its first-quarter net profit, backed by a weaker yen and strong sales of sport-utility vehicles in the U.S.

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Alibaba Plans $1 Billion Cloud- Computing Push

Chinese e-commerce giant Alibaba plans to invest $1 billion in cloud computing globally, including data centers in the Middle East, Japan and Europe, as it seeks to challenge Amazon.com in Web services.

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Nintendo Scores Profit, No Word on Successor to Iwata

Nintendo swung to a first-quarter profit but didn’t provide an update on who will succeed Satoru Iwata, who died of cancer earlier this month, as president.

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LG Electronics Profit Slumps On Stiff Chinese Competition

The South Korean electronics giant posted a steep drop in second-quarter profits as it remains vulnerable to cheaper Chinese models of smartphones and TVs.

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Solvay to Buy Cytec Industries for $5.5 Billion

Belgium-based chemicals company Solvay said it is buying U.S. counterpart Cytec Industries for $5.5 billion to boost its product offering.

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VW Profit Falls on China Weakness

Volkswagen, Europe’s largest car maker by sales, said after-tax earnings slipped in the second quarter because of weakness in China and restructuring charges in its trucks business.

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Total's Profit Shows Limited Impact of Oil Price

French oil major Total said aggressive cost-cutting and an increase in oil output helped offset the fallout from the collapse in the price of oil on its bottom line.

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Shares of Japan Parts Makers Slip in Smartphone Slowdown

Share prices of Japanese electronics-parts and machinery suppliers plunged on concerns over a slump in demand from mobile-phone makers and China’s economic slowdown.

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Bayer's Profits Rise on Healthy Currency Effects

German pharmaceutical group Bayer reported a 21% rise in net profit for the second quarter of 2015, boosted by favorable currency effects and earnings growth in all three business areas.

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The Newest Job in Sports: Videogame Coach

The growing money and fame in videogame tournaments over the past several years has hatched a field of coaches and other professionals who want in.

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U.S. Health-Spending Growth Jumped to 5.5% in 2014

Growth in national health spending, which had dropped to historic lows in recent years, has snapped back and is set to continue at a faster pace over the next decade, federal actuaries said.

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Harper Lee's Lawyer Expands Role

Harper Lee’s lawyer, Tonja Carter, is the author’s chief spokeswoman and advocate. Recently, Ms. Carter has taken on a new role: theater producer.

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La Guardia Airport's Makeover Likely Won't Ease Delays

The planned overhaul of La Guardia Airport would make for a nicer experience for fliers, but it likely would do little to alleviate the congestion in New York’s skies or beyond, aviation analysts said.

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Microsoft Hopes Sneak Peeks Will Pay Off

For Windows 10, Microsoft went all-out to turn around perceptions among corporate customers. For the better part of a year, it distributed in-progress versions to companies and gathered their feedback.

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GM, Ford Flourish Out of the Limelight

A sharp earnings acceleration by the top U.S. auto makers through June is overshadowing Volkswagen’s sweet success in finally capturing the global sales crown from Toyota.

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China Pushes to Rewrite Web Rules

China is trying to rewrite the rules of the global Internet, aiming to control online discourse and reduce U.S. influence.

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P&G Names David Taylor as CEO

Procter & Gamble said company veteran David Taylor will take over as CEO on Nov. 1, with A.G. Lafley shifting to the role of executive chairman.

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Twitter Revenue Jumps by 61%

Twitter said second-quarter revenue grew 61%, a sign its advertising business may be working its way past a temporary hiccup. Still, shares dropped in after-hours trading as the company posted disappointing user growth.

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Wal-Mart Warns Suppliers Over Labeling Laws

Wal-Mart has sent out a memo to hundreds suppliers warning them to comply with labeling laws, emphasizing that the amount inside a package matches what is printed on the outside.

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Rising Rents Outpace Wages in Wide Swaths of U.S.

The cost of renting a home is rising faster than wages across wide swaths of the country, a problem that has become especially acute in the past year, putting a big squeeze on many household budgets.

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Yelp Cuts Revenue Guidance

Review site Yelp expects revenue of $544 million to $550 million for the year as it phases out its brand advertising product.

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Steelmakers Ask U.S. to Impose Tariffs on China, Others

A group of steelmakers on Tuesday asked the U.S. government to impose tariffs on steel shipments from eight countries, the latest salvo in the battle to cope with record imports.

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Amazon Lays Out Plan for Drones to Navigate Skies

Some of the biggest players in the world of commercial drones are drawing up plans for how to safely manage the growing flock of unmanned vehicles in what are quickly becoming crowded skies.

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Reynolds American Lifts Earnings Outlook

Reynolds American Inc. lifted its earnings outlook for the year, reflecting strong sales from its recently acquired Newport brand and a dramatic slowing in the industrywide rate at which cigarette smoking is falling off.

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HeidelbergCement, Italcementi In Deal Talks

Germany’s HeidelbergCement AG and Italian rival Italcementi SpA are discussing a combination, according to people familiar with the matter, in a deal that would further consolidate Europe’s building-materials industry.

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Georgia Judge Reduces Damages in Fatal Jeep-Fire Case

A Georgia judge reduced legal damages against Fiat Chrysler Automobiles NV stemming from a jury verdict in a trial over a fatal Jeep fire, providing some financial relief around the same time regulators hit the auto maker with a record fine for recall lapses.

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WestJet Airlines Profit Climbs 19%

WestJet Airlines Ltd. on Tuesday reported a 19% increase in its second-quarter profit and slightly stronger revenue, helped in part by lower fuel costs.

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Merck Earnings Hurt by Arthritis Drug Knockoffs

Low-cost knockoffs of the arthritis treatment Remicade in Europe hurt Merck & Co.’s second-quarter sales and earnings, a harbinger of the pressure facing sellers of other costly biotechnology drugs in the coming years.

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Windows 10: A Welcome Upgrade, Perhaps Too Late

Tech Review: The new Microsoft operating system reverses the sins of Windows 8 and improves on Windows 7, yet misses chances for the PC to reclaim relevance, Geoffrey A. Fowler finds.

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Intel, Micron Claim Memory-Chip Breakthrough

Intel and Micron say they developed a new breed of memory chips that could bring dramatic performance gains to computers, smartphones and other kinds of high-tech products.

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UPS Earnings Surge, Led by International Segment

United Parcel Service reported earnings that came in better than expected as all three of its main segments saw improved operating profit despite falling revenue.

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U.S. Consumer Confidence Falls

Consumers unexpectedly took a dimmer view of the U.S. economy this month. The Conference Board research group said its index of consumer confidence fell to 90.9 in July from a revised 99.8 in June.

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Home Price Growth Remains Solid in May, Says Case Shiller

Home prices made solid gains in May, according to a report released Tuesday, as the housing market increasingly appears to be regaining strength after a long, uneven recovery.

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Ford Posts 46% Jump in Profit

Ford Motor Co. reported a 46% jump in net income for the second quarter with North America recording its largest quarterly profit ever and profit margins rising in Asia Pacific.

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Pfizer Boosts Its Earnings Outlook

Pfizer lifted its full-year outlook as its new treatments continued to drive growth in the second quarter.

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Diageo Terminates Heineken Partnership in South Africa

Diageo said it will terminate its partnership with Heineken in South Africa, as the world’s largest spirits maker moves to wield more control over an increasingly important market.

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The Graying of Germany's Small Business Managers

The owners and managers of the 3.5 million small and midsize businesses that account for over half of Germany’s economic output are aging rapidly. Many have neglected needed investments and delayed succession planning.

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DuPont Trims Outlook on Agricultural Weakness

DuPont on Tuesday trimmed its earnings outlook for the year, as weak demand in crop protection markets, lower corn area in Latin America and tepid soybean volumes weigh on its agricultural business.

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Melrose Sells Elster to Honeywell for $5.1 Billion

Manufacturing group Melrose Industries has agreed to sell its German-based energy and water business, Elster Group, to Honeywell for £3.3 billion ($5.1 billion) in cash.

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Samsung Looks to Bigger Galaxy for Smartphone Star

Samsung is revamping one of its most important product releases of the year, underscoring the pressures the company faces as its mobile earnings take a hit from Apple and Chinese rivals.

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Orange Earnings Beat Forecasts

Orange said first-half sales and Ebitda fell less than analysts expected while net profit increased, amid the French telecom operator’s attempts to revive profitability after years of decline.

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Payments Startup Stripe Raises Funds at $5 Billion Valuation

Visa and venture-capital firm Kleiner Perkins Caufield & Byers were among the investors in the five-year-old startup’s latest funding round.

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BP Swings to Second-Quarter Loss

BP swung to a loss in the second quarter, as earnings were hit by lower oil prices and a multibillion-dollar charge relating to the deal it reached earlier this month to settle U.S. federal and state claims over the 2010 Deepwater Horizon disaster.

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GM, SAIC to Jointly Design New Cars

General Motors plans a $5 billion initiative with China’s SAIC Motor to overhaul how it develops cars for emerging markets, committing to a family of lower-cost Chevrolets for developing markets by 2019.

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Clock Is Ticking for Time Inc. CEO

Aggressive push in online video, ‘native’ ads and ‘big data’ are at the center of Joe Ripp’s strategy to save the company Henry Luce built.

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Virgin Galactic Awaits NTSB Findings

Federal investigators looking into the 2014 crash of Virgin Galactic’s experimental rocket ship are poised to highlight safety lapses during flight preparation, according to people familiar with the matter.

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When Things Get Real on TV, Music Pays Real Well

Classically trained composers cue up steady royalties by writing music for reality shows like ‘Survivor,’ ‘Dancing With the Stars,’ ‘The Bachelor’ and ‘The Bachelorette.’

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At P&G, Lafley Prepares to Hand Over Reins

Procter & Gamble is expected to soon name David Taylor as CEO, succeeding A.G. Lafley, who came out of retirement to take a second stint running the company.

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Pre-Fab Nuclear Plants Prove Just as Expensive

Modular method of constructing nuclear facilities has run into problems such as costly delays and who will bear the brunt of the expense.

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Nontrade Concerns Cloud Obama's Pacific Deal

The administration’s push to clinch a sweeping Pacific trade deal this week faces stiff opposition over concerns—ranging from human trafficking to antigay laws—that have little to do with trade.

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Secret IPO Filings Feed Deal Frenzy

Many U.S. companies, from tech startups to drug makers, are secretly seeking to go public. Yet some that file confidentially face very different fates: Their filings spark interest from prospective acquirers.

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Microsoft Changes Its Script With Free Windows 10

New versions of Windows have usually sparked sales of personal computers, but it isn’t clear whether Microsoft Corp.’s release of Windows 10 on Wednesday can reverse a four-year slide in PC sales.

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Procter & Gamble to Name David Taylor as CEO

Procter & Gamble is expected to announce as early as Thursday that company veteran David Taylor will succeed CEO A.G. Lafley.

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Food Warehouse Lightens the Load to Attract Workers

Dot Foods is allowing workers to handle smaller loads in an effort to expand its hiring pool, as an improving economy drives up demand for the company’s food distribution business

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Mylan's Deal Leverage Reveals Shift in Rules

When Mylan moved its legal home to the Netherlands it gained not just tax savings, but a Dutch corporate rule book that gave it more levers to resist takeovers, such as Teva’s $40 billion proposal.

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Auto Regulators Vow to Continue Crackdown

Regulators who hit Fiat Chrysler with a $105 million settlement vowed to continue a crackdown on car makers over safety lapses.

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Pilot Shortage Halves Republic Airways Stock

Republic Airways said a worsening pilot shortage is forcing it to cut its flying for big U.S. airlines, hurting the regional carrier’s profit and sending its stock plummeting by half.

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Baidu Profit Rises 3.3%; Outlook Misses Analysts' Views

Baidu Inc. said its second-quarter earnings rose 3.3% as revenue growth was mostly offset by the Chinese search-engine giant’s higher expenses.

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Ford Bets on Uber-Class of Pickups

Auto makers are finding more buyers with money and a desire to flaunt their rides snapping up an emerging class of $50,000 and up pickups that have the same leather, electronics and appointments as a luxury car.

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Nike, Apple Agree to Settle Nike+ FuelBand Suit

Nike Inc. and Apple Inc. have agreed to settle a class-action lawsuit brought by consumers regarding the efficacy of the Nike+ FuelBand, and will offer partial refunds to people who bought the fitness-tracking device.

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Alstom to Lower Price of Energy Assets in Sale to GE

Alstom said it would lower the price for the sale of most of its energy assets to General Electric as it seeks to support concessions the two companies are working on to win European Union approval for the deal.

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Wendy's Testing Antibiotic-Free Chicken Products

Wendy’s Co. this week is starting to test new chicken products made from poultry raised without antibiotics, a senior executive said, the latest sign of a broader industry shift away from the drugs in the U.S. meat supply chain.

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Delta Air to Buy 3.55% Stake in China Eastern

Delta Air Lines agreed to pay $450 million for a stake in China Eastern Airlines as part of an agreement that expands the two carriers’ strategic partnership.

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U.S. Durable Orders Up 3.4% in June

Orders for long-lasting manufactured goods rose in June, snapping a two-month streak of declines and suggesting greater confidence among businesses.

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Eurozone Recovery Continues

Eurozone bank lending to households has picked up and German business sentiment has improved, indicating the region’s economy is maintaining its momentum.

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McGraw Hill Financial to Buy SNL Financial for $2.2 Billion

McGraw Hill Financial reached a deal to buy SNL Financial for about $2.23 billion in cash, a move to expand its data services.

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Drahi Boosts Media Holdings with NextRadioTV Buy

French tycoon Patrick Drahi has extended a two-year shopping spree, buying into French media company NextRadioTV in a bid to push more content to his growing legion of cable customers.

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Teva to Buy Allergan Generics for $40.5 Billion

Teva Pharmaceutical Industries said it would buy Allergan’s generics unit for $40.5 billion in cash and stock in a deal that will vault the Israeli company into the top ranks of global drug makers.

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Philips Profit Lifted by Weaker Euro

Philips said its second-quarter net profit rose 13% as the Dutch electronics company benefited from a sharp increase in sales prompted by a weaker euro.

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Brazil Struggles With Inflation, and Expectations

Brazil’s central bank will almost certainly raise its benchmark interest rate for the 16th time in just over two years in a bid to fight escalating inflation, but prices aren’t cooperating.

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Networks Catch Fantasy-Sports Bug

The Fox Networks Group unit of 21st Century Fox. has led a $300 million venture-funding round for daily-fantasy-sports startup DraftKings.

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Putting a Price on a Human Egg

How much is a human egg worth? The question is at the heart of a federal lawsuit brought by two women who provided eggs to couples struggling with infertility.

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Tech Firms Resist Role of Policing Terror Talk

Facebook, Twitter and other social-media companies would have to disclose any content they spot on their networks that could indicate terrorist activity, under some proposed legislation. The companies don’t want to play the role of cops.

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Record Fine for Fiat Chrysler

Federal regulators hit Fiat Chrysler with a record $105 million fine for recall lapses covering millions of vehicles, adding to mounting scrutiny of the auto maker’s safety practices.

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Teva Poised to Get a Big Boost in Generics

Teva’s bid to combine with the generic-drug business of Allergan would vault the Israeli company into the top ranks of global drug makers and further a remodeling of the industry by a few players that were relatively unknown just a few years ago.

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Fed Officials May Offer More Clarity on Rates

Federal Reserve officials are likely to emerge from their policy meeting Wednesday with short-term interest rates still pinned near zero, though they could send fresh hints that they’re getting closer to raising rates. Fed Chairwoman Janet Yellen emphasized in congressional testimony earlier this month she expects the central bank to start lifting its benchmark federal-funds rate at some point before year-end.

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Companies to Pledge $140 Billion to Cut Emissions

More than a dozen U.S. companies will pledge to invest more than $140 billion in efforts to cut carbon emissions.

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'Ant-Man' Holds On to No.1 Spot at Box Office

‘Ant-Man’ maintained the top spot at the box office, with the Walt Disney film collecting an estimated $24.8 million in its second week, falling 57% from its debut and bringing its two-week total to $106 million.

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Low Euro Masks Woes at Top Luxury Brands

The low euro is boosting revenue at LVMH and Kering. But under the veneer of growth lie lingering problems over the companies’ flagship brands and a slowdown in demand.

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Danone's New Boss Looks to Revive Fortunes in China

Danone is dropping efforts to revive its flagship infant formula unit in China to instead raise its stake in a state-linked milk producer after a massive food scare destroyed its once powerful brand.

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Proof of a 'Gig Economy' Revolution Hard to Find

Politicians and Silicon Valley prospectuses are all atwitter over the perils and promise of the next big thing, the gig economy. But the numbers don’t bear that out: Americans are becoming slightly less likely to be self-employed, and less prone to hold multiple jobs.

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More Layoffs Expected at U.S. Energy Firms

U.S. energy companies are planning more layoffs, asset sales and financial maneuvers to deal with a recent, sudden drop in U.S. crude-oil prices to under $50 a barrel, the lowest level in four months.

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Chinese Firm Plans $5 Billion Fund for Overseas Tech Acquisitions

The GSR Ventures’ fund will target deals to acquire companies in technology, Internet, and biotechnology industries for which the Chinese market is key to growth prospects, sources said.

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Fiat Chrysler Close to Getting $105 Million Fine Over Recalls

Federal regulators are close to hitting Fiat Chrysler with a record $105 million fine for recall lapses with millions of vehicles, said people familiar with the matter, adding to mounting scrutiny of the auto maker’s safety practices.

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Teva in Advanced Talks to Buy Allergan's Generic-Drug Unit

Israeli drug maker Teva Pharmaceutical is in talks to combine with Allergan’s big generic-drug business, according to people familiar with the matter.

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Pakistan Bans BlackBerry Enterprise Services For Security Concerns

Pakistan has ordered all mobile service providers in the country to shut down one of BlackBerry’s services because of security concerns, officials said Saturday.

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Pearson in Talks to Sell Economist Stake

Pearson said that it is in talks over the potential sale of its 50% stake in the The Economist Group, just days after the U.K.-based publisher and education specialist agreed to sell its Financial Times newspaper.

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Hollywood's New Backer: China

The boxing drama “Southpaw” released over the weekend has an unlikely financial partner: Chinese conglomerate Dalian Wanda. Studios hope such deals will help them crack the Chinese market.

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China's Baidu Tries to Wrangle Edge Over Rivals

When Chinese search giant Baidu reports its earnings Monday, investors will be looking for clues on whether its bold, expensive foray into food delivery, movie ticketing and other services is helping it adapt to new challenges.

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China to End Ban on Videogame Consoles

China will lift a ban on making and selling videogame consoles in the country, paving the way for foreign companies to expand in one of the world’s largest videogame markets.

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AT&T Closes DirecTV Buy

AT&T closed its $49 billion acquisition of DirecTV after more than a year of regulatory review, a combination that creates the largest U.S. pay-television company.

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YouTube Creates Stars. Can It Keep Them?

At the annual VidCon gathering this week, a battle of pitches is being waged between YouTube and new rivals looking to lure away top online video talent.

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Shipbuilder Huntington Ingalls Announces Layoffs

The U.S. Navy’s largest shipbuilder said it would likely cut at least 1,500 staff over the next 18 months to counter an expected two-year slowdown in work, even as it prepares to bid on billions of dollars of work for new aircraft carriers, submarines and other vessels

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FDA Approves Cholesterol Drug From Regeneron, Sanofi

Federal regulators approved the first of a new class of cholesterol-lowering medicines, developed by Regeneron and Sanofi. The drug, called Praluent, provides a new option for high-risk heart patients.

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U.S. Narrows GM Switch Probe

U.S. investigators haven’t found support for charging the auto maker with knowingly concealing information about an ignition-switch defect from a bankruptcy court judge, closing off one potential avenue for their probe.

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Transportation Department Probes Airline Price Gouging Concerns

The Transportation Department is investigating possible price gouging by four airlines in the wake of an Amtrak derailment in May, Secretary Anthony Foxx said.

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Regulators Probing Fiat Chrysler Cybersecurity Recall

Fiat Chrysler is recalling 1.4 million vehicles equipped with certain touchscreen radios to update software for protection against possible cyberattacks.

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Fed Economic Forecasts Released Early

Federal Reserve staff economic forecasts prepared for the June policy meeting were “inadvertently” posted on the U.S. central bank’s website late last month, five years ahead of schedule, the Fed said Friday.

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U.S. New-Home Sales Fall 6.8% in June

Sales of newly built single-family homes sank in June, although other recent housing data suggests underlying demand has picked up.

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Justice Department Investigating Sikorsky on Overbilling Claims

The Justice Department is seeking up to $148 million in damages and fines from United Technologies Corp. over allegations that subsidiaries of its helicopter business overbilled the U.S. Navy for spare parts.

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Danone Profit Hit by Chinese Charge

Danone said first-half profit was hit by a hefty charge on its Chinese business where it gave up on efforts to revive the Dumex infant formula unit that was hit by a food scare.

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Miners Slash Jobs on Falling Commodity Prices

The world’s biggest miners are hemorrhaging jobs as the price for almost everything they dig up—from gold to aluminum to copper—slides relentlessly downward.

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Biogen Slashes Outlook on Tecfidera Weakness

Biogen Inc. on Friday slashed its full-year revenue and earnings outlook as sales growth for its key multiple-sclerosis drug continues to weaken.

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American Airlines' Earnings Nearly Double

American Airlines’ quarterly earnings nearly doubled, as lower operating costs helped offset a decline in revenue.

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Piecing Together the GDP Puzzle

The Numbers: Columnist Jo Craven McGinty explores the inner workings of gross domestic product and GDP trackers like the Atlanta Fed’s GDPNow tool.

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Anthem Agrees to Buy Cigna

Anthem Inc. agreed to buy Cigna Corp. for more than $48 billion in a transaction that, along with a previously proposed combination of rivals, could reshape the U.S. health industry.

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U.K. Bookmakers Ladbrokes, Coral to Merge

Ladbrokes and Gala Coral Group, two of the larger players in the British bookmaking industry, agreed to unite in a stock deal that will create a company worth more than $3.5 billion.

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Africa Makes Leap in Cross-Border Mobile Payments

Africa’s biggest telecoms are striking deals allowing their customers to make payments across networks and borders, the latest stride in the continent’s ascent as a leader in mobile financial technology.

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Mitsubishi Plans to End U.S. Car Production

The Japanese company is set to end U.S. vehicle production and will likely enter negotiations to sell its only plant in the country to another car maker.

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Glaxo's Malaria Vaccine Clears Final Scientific Hurdle

GlaxoSmithKline PLC’s malaria vaccine has cleared its final scientific hurdle, but it could still take up to a year before immunization programs begin in sub-Saharan Africa.

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Vodafone Sees Continued Recovery in Europe

Vodafone hailed the continued recovery of its key European telecommunication markets, even as its revenue fell.

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Anglo American Posts $3 Billion Loss

Anglo American reported a $3 billion loss for the first half of 2015 as plunging commodity prices continue to wreak havoc on the bottom lines of miners world-wide.

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China Manufacturing Activity Hits 15-Month Low

A preliminary gauge of manufacturing activity in China sank to a 15-month low in July, suggesting that the world’s second-largest economy is struggling to stabilize and arrest a broad slowdown.

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'Modest' Bathing Suits Make a Splash

So-called modest bathing suits are becoming an increasingly popular style of beachwear, creating a cottage industry. Some suits include leggings and tops with sleeves that cover the elbow.

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Denver Job Market Lures Millennials

Millennials are flocking to the Mile High City, but it isn’t the nearby ski slopes, microbreweries or urban hiking trails that are attracting them: It’s the jobs.

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Colt in Dispute With Landlord and Owner Over Restructuring

Colt Defense is backing a bid by its creditors for a probe of the ties between its landlord and its majority owner and whether the two are acting in concert to hold the company’s restructuring hostage.

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Why AT&T's Chief Needs a Slam Dunk

The need for an acquisition was on display when AT&T—the country’s largest telecommunications company by revenue and second-largest wireless company by subscribers—reported second-quarter earnings.

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Comcast in Talks With Multiple New-Media Firms

Comcast’s NBCUniversal is scouting out several companies in the world of new media for potential deals, looking for access to young TV cord-cutters.

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Small Business Loan Program Suspends New Lending

The Small Business Administration’s flagship loan program suspended new lending after hitting the cap on its annual financing authority.

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Amazon Posts Surprising Profit

Amazon surprised investors by reporting an unexpected profit along with better-than-expected sales gains. Shares jumped 17% to $565 in after-hours trading.

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Starbucks Profit Jumps as Revenue Surges 18%

Starbucks Corp. reported Thursday a sharp jump in quarterly sales and profits driven in part by digital initiatives and new menu offerings.

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SEC Investigating Smirnoff Maker Diageo

The SEC is investigating whether Diageo has been shipping excess inventory to distributors in an effort to boost the liquor company’s results.

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'Ghosts' Still Haunt Japan Inc.

Former executives of Japanese companies maintain clout at their old employers long after they step down, one reason analysts say so many have been slow to change.

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Hudson's Bay Chairman Says Its Real-Estate Venture Could Be Model

Hudson’s Bay Co. Chairman Richard Baker says a joint-venture his company set up for some of its real estate could be a model for rivals who are under pressure to extract value from their properties.

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Wage Lawsuit Against Skadden Arps Can Proceed

A lawsuit demanding overtime pay from legal heavyweight Skadden, Arps, Slate, Meagher & Flom LLP can proceed, an appeals court ruled Thursday, potentially clearing the way for temporary lawyers hired to do routine document review to earn extra wages.

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Ferrari Files for NYSE IPO

The luxury sports-car maker filed a preliminary prospectus with U.S. regulators to proceed with an initial public offering that could value the Italian company at nearly $11 billion.

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Drugmaker Mylan Uses Dutch Foundation to Fend Off Hostile Bid

A foundation set up by pharmaceutical firm Mylan NV on Thursday triggered a Dutch variation on a poison pill to fend off a takeover proposal by Israeli rival Teva Pharmaceutical.

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3M's Sales Growth Falls Short

3M’s sales growth in the second quarter fell short of Wall Street expectations amid sluggishness in Asia and Europe and weak demand for materials used in solar-energy panels and flat screens for electronic devices.

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McDonald's Reports Weak U.S. Sales

McDonald’s reported second-quarter profit and revenue that fell less-than-expected, though its U.S. sales dropped below estimates as traffic remained depressed and its efforts to draw in customers fell flat.

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U.S. Jobless Claims Fall To Lowest Level Since 1973

The number of U.S. workers filing applications for jobless benefits last week fell to the lowest level in more than 40 years, another sign of a strengthening labor market.

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Comcast Earnings Boosted by Films

Comcast’s second-quarter profit rose 7.3% as “Jurassic World” set box-office records and revenue at the broadband and business services divisions grew, offsetting softness at its TV networks.

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GM Posts Sharply Higher Profit

GM reported $1.1 billion in net income in the second quarter, a sharp increase from the same period a year ago as U.S. customers continued flocking to profitable SUVs and crossovers.

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Next Step for Drones: Defending Against Them

Regulators and military planners worry that low-cost drones, which are widely available for purchase, could pose a threat to commercial aviation, vital infrastructure and even troops.

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Pearson in Talks to Sell the Financial Times

Pearson said it is in advanced talks over the potential sale of FT Group, which includes the Financial Times newspaper.

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EU Files Antitrust Charges Against Six U.S. Film Studios

Europe’s antitrust regulator has filed formal charges against six major U.S. film studios and U.K. pay-TV broadcaster Sky UK, warning that contracts that restrict access to Sky’s services outside Britain may violate EU laws.

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SABMiller Reports Fall in First-Quarter Lager Sales

SABMiller, the world’s No. 2 brewer, reported a drop in first-quarter lager sales as a sluggish performance in Europe canceled out fizzier achievements in emerging markets.

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Roche Battered by Strong Swiss Franc

Roche Holding reported that first-half net profit fell 7% on currency losses, although solid demand for its cancer therapies allowed the Swiss drug giant to confirm its full-year business outlook.

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Technicolor to Buy Cisco Set-Top Box Unit for $600 Million

Paris-based Technicolor has agreed to buy Cisco’s TV set-top business for about $600 million, ending the Silicon Valley company’s involvement with the business.

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Volkswagen Sells Stake in LeasePlan

Volkswagen and Fleet Investments are selling their stakes in leasing and fleet management company LeasePlan to a consortium of investors for more than $4 billion.

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Unilever Profit Falls as Sales Growth Slows

Unilever reported an 18% slump in profit for the first half of the year because of slower sales growth and a tough comparison with the year-earlier period that was helped by gains on a sale.

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Syngenta's First-Half Profit Falls 12%

Syngenta reported a 12% fall in first-half profit as the Swiss pesticide and seed maker seeks to fend off a roughly $45 billion takeover bid from Monsanto.

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Daimler Posts Higher Profit, Sales in Second Quarter

Germany’s Daimler reported higher revenue and profit in the second quarter and confirmed the company’s outlook for the full year.

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Hyundai Profit Drops on Weak Sales in China, U.S.

Hyundai is latest foreign car maker to report slowing demand in China, where sales slumped 8.5% in the first half of the year.

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Doctors Object to High Cancer-Drug Prices

More than 100 oncologists from top cancer hospitals around the U.S. have issued a harsh rebuke over soaring cancer-drug prices and called for new regulations to control them.

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Apple Cuts Annual Spending Forecast by $1 Billion

Apple Inc. on Wednesday cut its capital-spending projection for this fiscal year by 8%, reducing what it plans to spend on purchasing manufacturing equipment, building data centers and retail stores.

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How Chinese Firm Slipped on Canada's Oil Sands

Chinese oil firm Cnooc bought Canada’s Nexen in 2013 for global reach. Now Nexen’s poor productivity and a July spill place it high among soured bets by China’s state-controlled oil companies.

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Uber, in Deal, Averts Curb in New York

The company claimed that the cap on new car-service vehicles would have stunted growth in the biggest U.S. market.

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Falling Crude Prices Upend Canada's Oil Sands Projects

The global downturn in oil prices is shining a harsh light on the high cost of extracting Canada’s oil sands, which are the biggest single source of U.S. crude imports.

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Anthem Nears Deal to Buy Cigna

Anthem Inc. is nearing a deal to buy Cigna Corp. for more than $48 billion in a transaction that would dramatically reshape the health-insurance industry.

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Bank of America Financial Chief Exits as Part of Shakeup

Bank of America is shaking up its management team, replacing its chief financial officer, its wealth-management chief and naming a new official to oversee the firm’s stress tests with the Federal Reserve.

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Chief of Pilots Union at Delta Air Lines to Resign

The chairman of the Air Line Pilots Association union branch at Delta Air Lines said he will resign next month, paving the way for fresh leadership as the union tries to negotiate a new labor contract with the airline.

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Qualcomm Weighs Changes to Company Structure

Qualcomm said it would consider changes to its structure that would cut about $1.4 billion in spending, moving to appease investors after a 47% profit drop.

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Caesars Shares Plunge on Judge's Ruling

A judge ruled that four creditor lawsuits against Caesars Entertainment can continue, saying the bankruptcy of the casino giant’s top operating subsidiary shouldn’t delay the cases against its parent.

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LeBron James Takes Shot With Warner Bros.

LeBron James is forming a movie, TV and digital-content production partnership with Warner Bros. as the basketball star plans to build on his entertainment aspirations.

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The Cities That Have Lost the Most Flights

Airlines have whacked schedules to smaller cities, especially in the Midwest and South, Scott McCartney writes.

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Existing-Home Prices Hit Record: $236,400

Prices of existing homes sold in the U.S. hit a nominal high in June, eclipsing the previous mark set in 2006, as sales increased at their strongest pace in more than eight years.

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Politicians, Pay Heed to Productivity Problem

Greg Ip’s Capital Account: The dismal performance of workers’ wages has gotten presidential candidates’ attention, but most contenders are missing the underlying productivity problem.

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Estimates Reaffirm Outlook for Social Security, Medicare

Government estimates for the long-term solvency of Medicare and Social Security were little changed from one year ago, reflecting general improvement in health-care cost growth and a disability-insurance program that faces imminent depletion.

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Home Depot Buys Interline Brands for $1.63 Billion

Home Depot has agreed to buy Interline Brands, a direct marketer of repair products, for $1.63 billion in cash, in a move to expand its distribution network.

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St. Jude Medical to Expand Heart-Device Business

St. Jude Medical Inc. has agreed to buy Thoratec Corp. for $3.4 billion in cash in a move aimed at growing its heart-failure device business.

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George Osborne to Take Austerity to the Golf Course

The U.K. Treasury chief announced plans to sell billions of pounds of publicly owned assets, with golf courses in the firing line.

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Boeing Sales Rise, Profit Tops Estimates

Boeing said sales rose 11% in the June quarter, helping profit easily top analysts’ expectations, on growth in its commercial-airlines segment.

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Coke Profits Jump 20%

Coca-Cola said Wednesday that profit jumped 20% in its second quarter as the beverage giant logged volume growth.

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Inside Wal-Mart's 'Shark Tank'

At Wal-Mart headquarters, hundreds of prospective suppliers get a chance to tout their products—from frozen deep-fried turkey to toddler dirt bikes— eager for a chance to land on the shelves of the world’s largest retailer.

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EU Orders France to Recover State Aid From EDF

EU regulators ordered France to recover $1.5 billion in state funds from EDF after concluding the French electricity supplier had benefited from illegal tax breaks.

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Mining Giants' Push for Iron Ore Tests Mettle of Smaller Miners

The four biggest iron-ore suppliers accounted for 71% of all iron-ore shipments in 2014, and the miners show no sign of slowing down production.

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Blackstone Moves Into Nordic Real Estate

The world’s largest private-equity firm said that it is acquiring nearly $3 billion of properties and that it has agreed to buy a 34% interest in subsidiaries of Norway’s Agasti Holding ASA, an investment manager.

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Big Oil Will Find Tough Competition in Iran

The capabilities of Iran’s oil industry, from sophisticated engineering to laying pipeline, have sharpened during years of isolation, offering prospects of competition and cooperation for European and U.S. firms.

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Sony to Enter Drone Market for Business Customers

Sony plans to create a drone company to offer services such as inspecting aged infrastructure and surveying land that is difficult to access.

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After Settlement, BP Faces Rocky Landscape

A stalled India project with Reliance showcases the global challenges for the oil giant after the Deepwater Horizon settlement.

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Gawker Reels Amid Identity Crisis

Gawker CEO Nick Denton is struggling to right the ship of his digital-media company, faced with high legal costs to defend against a suit filed by Hulk Hogan and the reputational damage caused by a yanked blog post.

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Lawmakers Eye Tax Revamp for U.S. Firms Overseas

Top lawmakers and the White House are in the early stages of discussing an ambitious overhaul of how the U.S. taxes its multinational firms, according to officials involved in the effort.

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Beate Uhse's Products Are Prurient, but Its Annual Meeting Is Still Dull

Business and pleasure mix awkwardly for the only sex-shop chain listed on a stock exchange.

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Proposal Would Use Some Fed Bank Dividends for Highway Funding

Senate Majority Leader Mitch McConnell (R., Ky.) released draft legislation that would offset new highway spending, in part by reducing the dividend paid to members of the Federal Reserve system.

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Canadian Pacific Railway Chairman Resigns

Canadian Pacific Railway Ltd. on Tuesday announced the surprise departure of its chairman, Gary Colter, who had held the position for a little more than a year.

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Yahoo Posts a Loss, but Revenue Rises

Yahoo Inc. on Tuesday reported its revenue—minus commissions paid to partners for Web traffic—edged higher in the second quarter, only the second time sales have grown in the past five periods.

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Prologis Boosts Profit on Tight Warehouse Capacity

Industrial real estate giant says greater confidence from small business is raising occupancy rates

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McDonald's Could Offer All-Day Breakfast in October

McDonald’s Corp. could start offering all-day breakfast nationwide in October, just months after it began testing the idea, according to a memo sent to U.S. franchisees and employees on Tuesday.

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FCC Poised to Approve AT&T's Acquisition of DirecTV

Federal regulators are poised to approve AT&T’s $49 billion acquisition of DirecTV, according to people familiar with the matter.

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Microsoft Reports Biggest Quarterly Loss Ever

Microsoft said its revenue fell 5.1% in its latest quarter and posted its biggest quarterly loss ever on a hefty write-down and other items related to the Nokia mobile-phone business acquired last year.

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Novartis Can Sell Copycat of Amgen's Neupogen in September

A U.S. appeals court said Novartis AG could begin selling the first knockoff of a biotech drug on Sept. 2, a key step in efforts to contain spending on high-cost therapies through lower-priced competition.

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Apple Earnings Boosted by iPhone Sales

Apple Inc.’s quarterly profit surged 38%, boosted again by strong demand for the company’s latest iPhones and robust growth in China where sales more than doubled.

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AMC Entertainment CEO Heads to Extended Stay

AMC Entertainment CEO Gerry Lopez is stepping down to take a job at lodging company Extended Stay.

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Caesars Fights to Avoid Bankruptcy

Caesars Entertainment is fighting to avoid following its largest unit into bankruptcy.

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LifeLock Accused of Violating U.S. Settlement

The Federal Trade Commission filed a lawsuit accusing LifeLock of violating a 2010 settlement and continuing to make deceptive claims about its identity-theft protection services.

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Senate Panel Chief Richard Shelby in No Rush on Fed Nominees

The powerful chairman of the Senate Banking Committee signaled he is in no hurry to act on President Barack Obama’s two picks for vacant seats on the Federal Reserve’s Board of Governors.

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Condo Pipeline Slows to a Trickle

Condos accounted for just 5.5% of all construction of multifamily housing in the U.S. in the first quarter, the lowest ratio since the Commerce Department started tracking the figures in 1974.

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House Republican's Proposal Takes Aim at Fed Powers

A House Republican has unveiled another legislative proposal to curb the Federal Reserve’s powers, the latest in a spate from lawmakers on both sides of the aisle.

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Report Cites Shortfalls in Medicare's Screening Process for Doctors

Thousands of medical providers signed up to bill Medicare using questionable addresses, and dozens of doctors enrolled despite disciplinary actions by state medical boards, according to a congressional probe of the program.

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San Francisco Fed Optimistic on Inflation

The Federal Reserve’s failure to get inflation back up to desired levels for nearly three years isn’t the problem many people believe it to be, according to new research from the Federal Reserve Bank of San Francisco.

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German Car Makers to Buy Nokia Here

German auto makers Audi, BMW and Daimler have agreed in principle to purchase Nokia’s digital-mapping service Nokia Here for slightly more than $2.71 billion.

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Taylor Swift Counters Knockoffs in China

Taylor Swift is making an end run around counterfeiters in China with plans to launch a branded clothing line there with Alibaba and JD.com. Her strategy is to use her star status to get the two e-commerce giants to stop selling products that don’t have rights to use her name.

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Harley-Davidson Earnings Sputter

Harley-Davidson said its revenue and profit slid in the latest quarter, though earnings still came in better than Wall Street expectations.

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Overtime Rules Send Bosses Scrambling

Companies are racing to manage the hours their employees really work, following a proposal that would put millions more U.S. workers in line for overtime pay.

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Verizon Earnings Edge Higher

Verizon’s profit edged in above Wall Street expectations in the second quarter, while its subscriber growth was again propped up by tablet additions.

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Toshiba CEO Felled by Accounting Scandal

Toshiba announces a sweeping reorganization of its corporate leadership, with eight of 16 board members to step down.

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South Korea Offers Cautious Defense of Samsung Merger

A top South Korean official cautiously defended a combination of two Samsung affiliates, offering the government’s first official reaction to a bitterly contested fight that raised questions about the country’s corporate governance standards.

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Novartis Pressured by Dollar Strength

Novartis said its second-quarter profit fell 32% from the same period last year, as the Swiss drug giant was hit by a strengthened dollar and a weak result from its eye-care treatment business.

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SAP Profit Dented by Costs

German business software provider SAP posted a 15% decline in net profit for the second quarter, citing acquisition-related charges, restructuring expenses and higher stock-based compensation outlays.

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Bosch, TomTom to Jointly Develop Maps for Self-Driving Cars

German auto supplier Bosch and the Dutch digital mapping company TomTom said they would team up to develop high-definition digital maps needed for self-driving cars.

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Shake Shack Stockholders to Sell at Least 4 Million Shares

Danny Meyer and private-equity firm Leonard Green & Partners are among the Shake Shack Inc. stockholders that could see some proceeds from a secondary stock offering announced Monday.

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Kenyans Are Ready to Greet Obama With Open Cash Registers

People in Kenya are hoping for a boom in Obama-related merchandise when he makes his first visit there as president this week.

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Qualcomm to Conduct Strategic Review, May Consider Breakup

Qualcomm is expected to conduct a sweeping strategic review that will look at the possibility of a breakup, among other options, after an activist investor pushed for change at the chip maker.

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Uber to Fight EU Rules in Europe's Top Court

Uber Technologies is bringing its fight against European Union taxi regulations before the European Court of Justice.

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Arrivals From Puerto Rico Strain U.S. Communities

Puerto Rico’s financial crisis has accelerated a continuing exodus of residents to the U.S. mainland, straining communities on the receiving end. The change has been especially apparent in Florida, which attracts the most arrivals.

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President Obama to Nominate Kathryn Dominguez as Fed Governor

President Barack Obama will nominate economist Kathryn Dominguez for a vacant seat on the Federal Reserve’s powerful board of governors, the White House announced Monday.

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IBM Profit Falls as Revenue Declines

IBM said second-quarter earnings fell as the technology giant posted its 13th-straight quarter of year-over-year revenue declines.

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Christie's Results May Show Slowing in Art Sales

The art market is enjoying record prices, but there are signs that the market’s pace of growth could be slowing.

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Hollywood's Other Piracy Problem: 3-D Printers

The rise of 3-D printing is a looming threat for Hollywood. At this point, most of the printing is by fans who want to trade blueprints and products for free. But prices for legitimate products could drop as 3-D printers start to crowd the marketplace with viable alternatives to the toy store.

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Hasbro Results Top Expectations

Hasbro Inc. posted better-than-expected profit and revenue in its second quarter, despite foreign exchange headwinds and difficult year-over-year comparisons for several of its brands.

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CFOs Prep for Pay-Ratio Rules

Finance chiefs are gearing up to meet coming regulations that would require publicly traded U.S. companies to disclose annually the ratio of the boss’s pay to that of the typical employee.

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Charlie Hebdo's Owners Won't Keep Newspaper's Profits This Year

Charlie Hebdo’s owners plan to reinvest the bulk of profits in the French satirical newspaper, seeking to defuse a conflict that emerged as sales rose after the terrorist attack that decimated its newsroom in January.

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Fed to Finalize Higher Capital Levels for Banks

The Federal Reserve is set to finalize the amount of additional capital the nation’s eight biggest banks must maintain, with J.P. Morgan facing the highest capital increase of the group.

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Harper Lee's 'Watchman' Sales Surpass 1.1 Million

More than 1.1 million digital and physical copies of Ms. Lee’s new novel, ‘Go Set a Watchman’ have been sold in North America, HarperCollins Publishers said, making it the fastest-selling book in its history.

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Affair Website Ashley Madison Hacked

Ashley Madison, a website that links up people seeking affairs, was hacked along with partner sites owned by Avid Life Media, potentially exposing data on users.

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Iran Deal Could Help Tech Recruiters

The U.S. nuclear deal with Iran could make it easier for American tech firms to recruit Iranian engineers educated at top-notch educational institutions.

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Toshiba Must Adjust Operating Profit Down

Toshiba’s top executives were involved in years of improper accounting procedures and the company needs to reduce its past operating profit by ¥151.8 billion ($1.22 billion).

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A&P Files for Chapter 11 Bankruptcy

Grocery chain A&P returned to chapter 11 bankruptcy protection with plans for a series of sales to its competitors.

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Lockheed Agrees to Buy Sikorsky for $9 Billion

Lockheed Martin agreed to acquire military aircraft maker Sikorsky from United Technologies Corp. for $9 billion.

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FIFA to Elect New President on Feb. 26

Soccer’s world governing body will hold an extraordinary presidential election on Feb. 26 next year to decide who will replace embattled President Sepp Blatter who is stepping down in the wake of a corruption scandal.

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SunEdison to Buy Vivint for $1.9 Billion

SunEdison and its spinoff TerraForm Power agreed Monday to buy residential solar-system company Vivint Solar for about $1.9 billion.

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Halliburton Profit Skids as North America Revenue Falls

Halliburton Co. said its second-quarter earnings plunged 93% as the oil-services giant’s revenue tumbled on soft demand, particularly in its North America operations.

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Audi to Offer $194 Million in Subsidies to China Dealers

AG has agreed to offer about $194 million in subsidies to its dealers in China, a move that comes at a time of shrinking growth in the world’s largest auto market.

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Yuri Milner to Provide $100 Million for Outer Space Data Collection

Russian billionaire Yuri Milner plans to personally provide $100 million for an effort to scan the skies for signs of intelligent alien life.

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CF Industries Confirms Talks With OCI

Fertilizer maker CF Industries said it is in talks with Dutch peer OCI about a potential merger with some of OCI’s businesses.

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Clinton to Push Revamp of Capital-Gains Tax Rates

Hillary Clinton will propose a revamp of capital-gains taxes that would hit some short-term investors with higher rates, part of a package of measures designed to prod companies to put more emphasis on long-term growth.

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Frenzy Around Jet.com Harks Back to Dot-Com Boom

Jet.com attracts huge investor interest despite steep losses. The online retailer is in talks for a capital infusion that could value the startup at $3 billion.

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Next Test for Greece's Tsipras: Privatization

EUROPE FILE: One test of Greek Prime Minister Alexis Tsipras’s commitment to making eurozone membership work is privatization, says Simon Nixon.

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For Many Firms, China's 'New Normal' Spells Doom

Across China, a painful restructuring toward slower, more sustainable growth has pared manufacturing’s share of the world’s second-largest economy, forcing companies to adapt or founder.

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Detroit Cuts Path for Driverless Cars

Toyota and others are backing a $10 million testing ground at the University of Michigan for self-driving vehicles, potentially boosting Detroit’s ability to compete.

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Law Firms Shy Away From Debt

Debt is beginning to spook the legal industry. In the years since Dewey & LeBoeuf’s collapse, law firms are cutting their reliance on bank loans.

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Bidding Wars Return to Home Market

Bidding wars, a hallmark of last decade’s housing boom, are back in a number of metro areas as too many buyers go after too few homes.

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Finding Video Gold in the Web's Garbage

Jukin Media sifts through hundreds of amateur video clips a day on the Web, and secures the rights to the potentially useful ones. The company is fast becoming a one-stop shop for TV networks, online publishers and even advertisers.

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Tech World Writes Obituary for Adobe Flash

Adobe’s Flash video software, criticized for years as a security risk and a drag on online progress, last week stepped yet closer to the grave due to a flaw that hackers were reportedly exploiting. Some in the tech industry say it’s time for Flash to go.

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The Magic of Tidying Up---Digitally

The organizing philosophy found in Marie Kondo’s best seller “The Life-Changing Magic of Tidying Up” can, and should, be applied to your smartphone, says Keywords columnist Christopher Mims.

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Portugal on Road to Recovery Post-Bailout, but Scars Remain

Some parts of the economy are doing better after years of austerity. But the benefits have yet to reach many of Portugal’s 10 million people.

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U.S. Rocket Supplier Looks to Break 'Short Leash'

United Launch Alliance is facing political, economic constraints as rival SpaceX plans launches

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Syngenta's Shareholders Voice Frustration Over Monsanto Offer

Syngenta plans a series of meetings with investors as it contends with frustration from some shareholders over its rejection of a roughly $45 billion takeover effort by rival agribusiness giant Monsanto.

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Huawei Ad Debate Offers Peek at Firm

A Huawei advertising campaign is sparking an internal debate that provides a look at the corporate culture of the opaque Chinese telecom company.

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'Ant-Man' Strong, but Less Than a Marvel

“Ant-Man,” from Disney’s Marvel Studios, enjoyed a $58 million debut in the U.S. and Canada. That’s a good start for a movie based on a little-known character that cost $130 million to make, but not impressive given the standards Marvel itself has set.

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Overtime Rules Seen Boosting Low-Wage Hiring

A proposal to expand eligibility for overtime pay is designed to boost what workers earn, but some economists and businesses say it will more likely add to the number of low-paid workers.

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Inflation's Steady Tick Poses Headaches in Congress

The gas tax, minimum wage and overtime pay have been eroded over the years because they aren’t indexed to inflation, stirring fights over whether it is time for lawmakers to adjust them.

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Boeing Warns on Flying Bulk Cargoes of Lithium Batteries

Boeing warned airlines that flying bulk shipments of lithium batteries in the bellies of its passenger jets poses unacceptable fire hazards, likely setting the stage for much tougher international packaging standards for such cargo.

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Germanwings Crash Next of Kin Reject Compensation Offer

Lawyers representing some of the families of those killed in the Germanwings crash have formally rejected the carrier’s offer of compensation.

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Alzheimer's Drug Is a Big Bet for Lilly

Researchers will provide clues about whether Lilly’s risky bet on an experimental drug for Alzheimer’s disease ultimately pays off—for patients and for the company’s bottom line.

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Rock Band Wilco Pulls a Fast One

Rock band Wilco released its latest studio album without fanfare and free on its website, in a sign of how insignificant new albums have become in the music industry.

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Bahamas Government Aims to Take Over Stalled Resort

The prime minister of the Bahamas moved to take control of an unfinished $3.5 billion resort in Nassau, setting the stage for a battle over the project between the government and the local billionaire family developing it.

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FCC Cracking Down on 911 Failures

After at least three major outages involving 911 emergency call systems in three years, the Federal Communications Commission is issuing substantial fines and taking steps to make phone companies develop better technology.

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Retailers Fend Off a Land Rush

Macy’s and other stores are coming under renewed pressure to cash in on their real estate as property values soar.

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Tesla to Offer New Model S Versions

Tesla Motors Inc. said it would begin offering three new versions of its Model S, including an increase in its top-end electric range, a new, faster performance version and a lower-cost entry-level model.

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Google Shares Hit High, Cross $700

Google shares crossed $700 for the first time ever Friday, before settling short of that mark, after the company’s strong second-quarter results.

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Yahoo Files to Spin Off Alibaba Shares

Yahoo has filed a registration statement detailing its previously announced plan to spin off its shares of Alibaba.

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Boeing to Book $536 Million Charge

Boeing said it will book a $536 million after-tax charge in its recently ended quarter as it spends more on its KC-46 aerial refueling tanker program.

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CF Industries in Merger Talks with Dutch Fertilizer Maker OCI

Fertilizer maker CF Industries Holdings Inc. is in advanced talks for a merger deal with Dutch counterpart OCI NV, as chemical companies join the global takeover wave.

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Test Time for Samsung Heir Apparent Lee Jae-Yong

Lee faces a formidable task list as he attempts to repair the reputation of the Samsung conglomerate after a bruising shareholder proxy battle with U.S. hedge fund Elliott Associates.

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Clothing Group Presses Alibaba's Jack Ma on Fight Against Fakes

The American Apparel & Footwear Association issued an open letter to the e-commerce company’s chairman complaining about a lack of progress in combating the sale of fake goods.

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Unilever's Newest Products Go on a Pedestal

Unilever, the home of Dove soap and Hellmann’s mayonnaise, believes there is opportunity in premium products like $85 pots of mustard, $45 tins of tea and $15 tubes of toothpaste.

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U.S. Consumer Prices Up 0.3% in June

U.S. consumer prices rose in June, pushing a broad measure of annual inflation into positive territory for the first time this

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U.S. Housing Starts Rose 9.8% in June

U.S. home building advanced in June, the latest sign of momentum in the housing market.

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Givaudan Cost Cuts Offset Swiss Franc Impact

Givaudan reported an 11% increase in first-half net profit as cost-cutting and a change to its pension plans helped the world’s largest flavors and fragrance maker offset the stronger Swiss franc.

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General Electric Results Top Expectations

GE reported better-than-expected results in its second quarter, as profit grew in its industrials business.

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Ericsson Profit Hit by Higher Costs

Swedish mobile network giant Ericsson said mobile broadband sales in North America stabilized in the quarter but remained lower on the year as it reported a 19% slide in second-quarter net profit.

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Samsung Shareholders Back $8 Billion Merger, in Blow to U.S. Hedge Fund

The Samsung conglomerate’s controlling Lee family scored a victory in its battle against U.S. hedge fund Elliott Associates, as shareholders approved an $8 billion merger of two Samsung affiliates.

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Hulu Explores Adding Ad-Free Option to Its Service

Hulu is exploring plans to add an advertising-free option to its service, according to people familiar with the matter, as the streaming video provider tries to become a stronger rival to Netflix.

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Silicon Valley Doesn't Believe U.S. Productivity Is Down

Contrarian economists at Google and Stanford say the U.S. doesn’t have a productivity problem, it has a measurement problem.

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Yellen Supports Changes to Systemically Important

Federal Reserve Chairwoman Janet Yellen on Thursday said she would support a “modest increase” to the minimum size at which banks are drawn in for tougher scrutiny by the central bank.

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Fear of the Unknown Binds a Greek Deal With Few Believers

The likelihood that a three-year bailout will fail is put at higher than 50% by some at the center of events, writes Stephen Fidler.

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