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Updated: 3 hours 59 min ago

GM Profit, Hit by Recalls, Falls 80%

4 hours 17 min ago
GM reported an 80% drop its second-quarter net profit, with earnings hit by $1.5 billion in charges related to vehicle recalls and money set aside to fund a compensation plan for victims of accidents linked to defective ignition-switches.

BP Director to Step Down

4 hours 25 min ago
The oil major said that Iain Conn will step down by the end of the year, as U.K. utility Centrica confirms it is in talks with Mr. Conn who may succeed Sam Laidlaw as CEO.

JetBlue CEO Plans to Stay in Role

4 hours 26 min ago
JetBlue Chief Executive Dave Barger said Thursday his future role at the company will be "the same as it is today."

McDonald's Sticks With Chinese Meat Supplier

4 hours 26 min ago
McDonald's said it will continue to use a longtime meat provider in China, except for the Shanghai facility accused of selling expired chicken and beef. The decision underscores the difficulty in finding safe food suppliers in China.

Vivendi's SFR Unit Hit By Network Outage

4 hours 28 min ago
French phone operator SFR was hit by a countrywide network outage for several hours affecting around 4 million customers.

Airline Fatalities Worst Since 2010

4 hours 30 min ago
Commercial aviation is in the middle of its deadliest year since 2010, with the recent spate of air disasters making an abrupt break from three straight years of decline in airplane fatalities.

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

4 hours 39 min ago
Wal-Mart's U.S. chief, Bill Simon, who struggled to lift sales as it fought off competition from dollar stores and online retailers, will leave the company Aug. 8, the retailer said.

American, United Launch Buybacks

4 hours 56 min ago
The parents of American Airlines and United Airlines unveiled stock-buyback plans, continuing the transformation of the country's largest carriers from bankruptcy into some of the most profitable in the world.

3M Profit Up on Demand for Face Masks and Filters

5 hours 33 min ago
3M Co. reported a 5.8% increase in profit for the second quarter, fueled partly by stronger sales of respiratory face masks and water-filtration products in China and other developing countries where pollution fears are growing.

Mars Raises U.S. Chocolate Prices

5 hours 33 min ago
A unit of Mars Inc. has raised prices for U.S. chocolate products by about 7% to offset rising costs, the M&Ms and Snickers maker said.

Lilly Profit Sinks on Patent Expirations

6 hours 6 min ago
Eli Lilly said its second-quarter profit slid 39% as patent expirations for some of its bigger-selling drugs dragged down revenue and volume.

Hermès Bets on Unknown Designer

6 hours 26 min ago
French luxury-goods house Hermès International named Nadège Vanhee-Cybulski as its new women's fashion designer, betting on an unknown name who will be dedicated to the house full-time.

Elliott Unveils 6.7% Stake In Interpublic

6 hours 38 min ago
Activist investor Elliott Management Corp. unveiled a major stake in Interpublic Group of Cos., saying the shares represent an attractive investment opportunity and confirming recent speculation that an activist was building a stake in the advertising firm.

American Airlines Profit Climbs

6 hours 50 min ago
American Airlines Group said it posted the highest quarterly profit in the company's history on increased revenue, and unveiled a capital deployment plan.

Caterpillar's Revenue Disappoints

7 hours 2 min ago
Caterpillar said its profit rose 4.1% as the machinery maker benefited from lower operating costs and strong construction results, while its mining-related business continued to post weak results.

Southwest Airlines Profit Surges, Beats Expectations

7 hours 7 min ago
Southwest Airlines Co. said its second-quarter earnings more than doubled as the carrier reported higher passenger revenue and lower fuel costs.

Supervalu Profit Falls 49%

7 hours 22 min ago
Supervalu said its fiscal first-quarter earnings fell 49% as the supermarket operator was hit by weaker margins and a modest sales decline, while the year-earlier period included a tax benefit.

United Continental Profit Rises 68%

7 hours 43 min ago
United Continental Holdings said its second-quarter profit surged 68% as passenger revenue climbed.

U.K. Brings Criminal Charges Against Alstom Unit

7 hours 50 min ago
The U.K.'s Serious Fraud Office brought criminal charges against a U.K. subsidiary of French power and transportation company Alstom over allegations of corruption.

PulteGroup Sales, Profit Rise

7 hours 52 min ago
PulteGroup Inc. said its second-quarter earnings improved as the home builder reported slightly higher revenue boosted by higher average selling prices.


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