Barclays Scraps Dividend Target
Barclays reported a rise in profit but scrapped its dividend
target to retain capital as part of a fresh effort by Executive
Chairman John McFarlane to reshape the beleaguered British bank
RBS Plans $2.2 Billion Citizens Sale
Royal Bank of Scotland said it would raise $2.2 billion from the
sale of 86 million shares in Citizens Financial Group Inc. via a
public offering.
Global Logistic Properties to Buy 200 U.S. Warehouses for $4.6
Billion
Global Logistic Properties, a warehouse owner part-owned by
Singapore's sovereign-wealth fund, is acquiring about 200 U.S.
warehouses for $4.6 billion in one of the largest real-estate deals
of the year.
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.
Total's Profit Shows Limited Impact of Oil Price
French oil major Total SA 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.
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.
China's GSR Aims Big for Overseas Tech Deals
GSR Ventures co-founder Sonny Wu spoke with The Wall Street
Journal about China's growing ambitions overseas and the type of
deals the GSR Global M&A Fund will target.
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.
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.
Twitter's Ad Woes Subside, but Growth Stalls
Twitter's advertising business appears to be working its way
past a temporary hiccup, but the growing pains are far from
over.
U.S. Steel Posts Wider Loss
U.S. Steel posted a wider loss and reported a 34% revenue
decline as the steel market remained "significantly
challenging."
Wal-Mart Warns Suppliers Over Labeling Laws
Wal-Mart has sent out a memo to hundreds of suppliers warning
them to comply with labeling laws, emphasizing that the amount
inside a package matches what is printed on the outside.
Yelp Cuts Revenue Guidance
Review-site firm Yelp Inc. cut its revenue guidance for the year
Tuesday and said Chairman Max Levchin plans to step down from the
company.
Gilead Sales Soar on Hepatitis Drugs
Gilead Sciences said its two key hepatitis C drugs, Sovaldi and
Harvoni, generated about $4.9 billion in sales in the second
quarter, topping Wall Street estimates.
Regulators Tell AIG, Prudential and GE Capital to Improve
'Living Wills'
Regulators told three huge financial firms to do a better job
explaining how they would handle a bankruptcy without harming the
U.S. economy, signaling that the companies have work to do to avoid
regulatory sanctions in the future.
Owners of Interstate Hotels & Resorts in Talks to Sell
Company
The U.S.-Chinese joint venture that owns Interstate Hotels &
Resorts, the largest independent hotel-operator in the U.S., is in
discussion to sell the company, according to people familiar with
the matter.