BP Posts $6 Billion Loss 

BP swung to a loss as earnings were hit by lower oil prices and a multibillion-dollar charge relating to its recent Deepwater Horizon settlement.

 
Pfizer Boosts Its Earnings Outlook 

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

 
Ford Posts 44% Jump in Profit 

Ford Motor Co. reported a 44% jump in net income for the second quarter with North America recording its largest quarterly profit ever and profit margins rising in Asia Pacific.

 
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.

 
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.

 
Merck Earnings Top Views Amid Cost Cuts 

Merck reported better-than-expected profits for the June quarter amid lower costs and said it planned to buy a cancer drug developer for $95 million.

 
Honeywell Pays $5.1 Billion for German-Based Elster 

Honeywell has agreed to buy German-based energy and water business Elster Group from the U.K.'s Melrose Industries for £3.3 billion ($5.1 billion) in cash.

 
Eastman Chemical Reports Higher Earnings 

Eastman Chemical Co. reported a surprising increase in earnings in its most recent quarter, boosted by recent acquisitions, even as its sales fell below analysts' estimates.

 
Reynolds American Lifts Earnings Outlook 

Reynolds American Inc. lifted its earnings outlook for the year as its recent acquisition of Newport-cigarette maker Lorillard Inc. helped drive growth in the second quarter.

 
Zurich Insurance Weighs RSA Bid 

Zurich Insurance said it may try to buy U.K.-based RSA Insurance in a deal that could be valued at more than $8 billion.

 
LyondellBasell Tops Expectations 

LyondellBasell Industries said profit in its latest quarter rose, despite a sharp decline in revenue driven by lower product prices.

 
Sirius XM Holdings Boosts Guidance as Subscribers Grow 

Sirius XM on Tuesday boosted its revenue and subscriber guidance for the year on Tuesday after new subscriber additions surged 46% the in the second quarter.

 
Orange's Sales Beat Expectations 

Orange said first-half sales fell less than expected, as more customers in France opted for premium offers and the effects of a brutal price war in the country's mobile market showed signs of easing.

 
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.

 
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.

 
Marsh & McLennan's Profit Falls 

Professional-services firm Marsh & McLennan said revenue fell 3% in the June quarter as the stronger dollar continued to weigh on results.

 
GKN Ups Aerospace Stakes With Fokker Buy 

GKN has agreed to acquire the Netherland's historic Fokker Technologies Group as the British engineering company deepens its bet on the aerospace sector.

 
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.

 
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.

 
Precision Castparts Misses Wall Street Views 

Precision Castparts Corp. fell short of Wall Street expectations for earnings and revenue in its quarter ended June, with profit sliding 17.4% during the three-month period.

 
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.

 
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.

 
Prosecutors Appeal Judge's Ruling Absolving Trading Programmer Sergey Aleynikov 

The Manhattan District Attorney's office has appealed a judge's decision that absolved Sergey Aleynikov, a programmer accused of stealing trading software from Goldman Sachs and exonerated by two separate courts.