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.

 
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.

 
VW Profit Falls on China Weakness 

Volkswagen, the world's largest car maker by sales, said net profit fell 16% in the second quarter because of weakness in China and restructuring charges in its trucks business.

 
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.

 
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.

 
BAT Profit Boosted by Investments 

British American Tobacco reported higher first-half profit as the cigarette-maker was buoyed by investments that helped offset currency losses.

 
Total Shrugs Off Weaker Oil Prices 

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.

 
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.

 
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.

 
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.

 
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.

 
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.

 
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.

 
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.

 
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.