BP Swings to 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 its recent Deepwater Horizon settlement.

Zurich Insurance Considering Offer for RSA

Zurich Insurance said it is considering a potential offer for the U.K. rival RSA Insurance, a deal that could be valued at around $7 billion.

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.

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.

Luxottica's Profit Rose 25% in Second Quarter

Italian eyewear giant Luxottica SpA saw its second-quarter net profit increase by a quarter, as the weakening euro against the dollar boosted its sales result in the period.

Deutsche Börse Plans Job Cuts

Germany's Deutsche Börse reported double-digit-percentage rises in revenue and net profit, and set 2018 earnings targets that will include job cuts.

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.

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.

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.

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.

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.

Baidu Earnings Disappoint

The Chinese search giant missed analyst forecasts for its second-quarter earnings as competition heats up among Chinese Internet companies offering online-to-offline services.

Caterpillar to End Navistar Dump-Truck Deal

Caterpillar Inc. plans to begin building its own line of dump trucks at a plant in Texas and wind down an existing arrangement it has with Navistar International Corp. to build the trucks, a person familiar with the matter said.

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.

Southwestern Energy Swings to a Loss

Southwestern Energy swung to a loss as it posted a $1.5 billion pretax impairment charge and prices fell for oil, gas and natural-gas liquids.

Nike CEO Compensation Rises to $16.8 Million

Nike Inc. Chief Executive Mark Parker's total compensation for the year ended May 31 was valued at $16.8 million, up from $14.7 million the previous year.