Alphabet's Profit Dragged Lower by Hefty EU Fine

Google parent Alphabet's quarterly profit fell because of a fine from European regulators, but other metrics show the company's massive ad business continues to hum.

 
Samsung Releases Arthritis Drug in First Step Into U.S. Pharmaceuticals

South Korea's Samsung conglomerate, best known for its smartphones and televisions, will make available in the U.S. its lower-price copy of Johnson & Johnson's blockbuster arthritis drug Remicade.

 
KKR to Buy WebMD in $2.8 Billion Deal

KKR has reached a deal to buy WebMD Health Corp. for $2.8 billion. The New York-based health-information provider had been running an auction after publicly putting itself in play earlier this year.

 
Daimler Invests in Beijing-Based Self-Driving Startup Momenta

Mercedes-Benz parent Daimler AG is investing in a Chinese self-driving startup, in another instance of a Western auto maker seeking out a Chinese partner to get a foothold in a challenging market.

 
Wells Fargo Discloses Accidental Client-Data Release

Wells Fargo accidentally released confidential information on tens of thousands of the bank's wealth-advisory clients, the latest misstep as it works to recover from last year's cross-selling scandal.

 
Telecom Italia CEO Departs Amid Vivendi Tensions

Telecom Italia on Monday said Chief Executive Flavio Cattaneo has resigned, amid mounting tensions with shareholder Vivendi.

 
U.K. Opens Corruption Probe in Rio Tinto in Guinea

The U.K.'s Serious Fraud Office said Monday it opened an investigation into suspected corrupt activities by mining giant Rio Tinto in Guinea.

 
Time Looks to Sell Majority Stake in Essence

Time Inc. is looking to sell a majority stake in Essence, the first big move by the publisher since it decided against selling the entire company this spring.

 
Visual-Effects Company Sues Another Two Movie Studios

Rearden LLC on Monday sued Twentieth Century Fox, Paramount Pictures and videogame publisher Square Enix Inc. in federal district court in San Francisco.

 
Apple Supplier Foxconn Looks at Producing Display Panels in Wisconsin

Taiwan's Foxconn Technology Group, which assembles Apple's iPhones, is nearing a decision to invest in Wisconsin and could hold an event in Washington, D.C., as soon as this week to discuss U.S. investment plans.

(END) Dow Jones Newswires

July 24, 2017 19:00 ET (23:00 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.