Microsoft Profit Jumps, Fueled by Cloud Computing

Microsoft continued its rebirth as a force in cloud-computing, posting stronger-than-expected gains in its business of selling web-based services to corporate customers.

 
U.S. Fines Exxon $2 Million Over Russia Sanctions Breaches

The Treasury Department imposed the fine for what it called a "reckless disregard" of U.S. sanctions on Russia by the oil and gas company while Secretary of State Rex Tillerson was chief executive.

 
Sears to Sell Kenmore Brand on Amazon

Sears will start selling its Kenmore refrigerators and stoves on Amazon.com, marking the first distribution of its kitchen appliances outside of its own stores.

 
Visa Raises Outlook as Results Beat Views

Visa raised its financial targets for the year as quarterly results beat Wall Street expectations, driven by a higher number of transactions.

 
BP Said to Be Shopping Its North Sea Oil Fields

BP has approached potential buyers of its oil-and-gas production assets in the North Sea, people familiar with the matter said.

 
PepsiCo CEO Picks a No. 2, but No 'Heir Apparent'

PepsiCo's longtime leader Indra Nooyi is promoting one of her lieutenants to serve as the company's president, filling a No. 2 role that has been vacant for nearly three years and shuffling around her potential successors.

 
Capital One Revenue Rises

Capital One Financial reported that its second-quarter earnings rose to beat analyst estimates, but the bank wrote off more delinquent loans as losses and set more money aside to cover for future losses.

 
AB InBev to Buy Energy-Drinks Maker Hiball

Anheuser-Busch InBev is acquiring Hiball, a San Francisco-based company making organic energy drinks and carbonated juices and water.

 
U.S. Activist Investors Raise Stake in Clariant

A group of U.S. activist investors has pushed its stake in Clariant past 10%, injecting more uncertainty into the Swiss company's bid to create a $14 billion chemicals giant through a merger with U.S.-based Huntsman.

 
U.S., Overseas Airlines Enhance Foreign Airport Security

Hundreds of foreign airports and U.S. and overseas airlines have made security enhancements necessary for passengers traveling direct to the U.S. to carry laptops into the cabin, the Department of Homeland Security said.

(END) Dow Jones Newswires

July 20, 2017 19:15 ET (23:15 GMT)

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