UPS saw e-commerce lift revenue in the 2Q, but the burgeoning business has also forced the company to spend more to bolster its network.
Cars or Auto
Despite increasing tensions overseas, gasoline prices have dropped to their lowest levels since March with U.S. refineries running at a record pace.
Smith & Wesson agreed to pay a $2 million fine to settle charges that employees and reps. paid foreign officials to win supplier contracts.
Railroad companies bounced back in the second quarter, thanks in part to a rare boost from coal.
Mergers and Acquisitions
Britain's BSkyB agreed to pay $9 billion to buy the Sky pay-TV companies in Germany and Italy from 21st Century Fox.
Visa saw its 3Q profit climb 11%, thanks to an increase in credit-card transactions, but the company lowered its full-year revenue guidance.
General Motors reported 2Q earnings that were heavily impacted by the automaker’s ignition-switch recall, while Ford booked profit growth amid a higher profit margin in North...
AT&T reported a 7% drop in second-quarter earnings, even though the telecom giant's wireless business added more customers than expected.
Sporting goods retailers are grappling with weaker demand for golf equipment, as fewer Americans take up the sport.
Chrysler Group is recalling up to 792,300 older-model Jeeps to fix an ignition-switch issue similar to the one that has plagued General Motors.