SABMiller Board Backs AB InBev's Higher Offer

SABMiller PLC's board on Friday recommended that shareholders approve Anheuser-Busch InBev NV's increased offer of GBP45 a share, bringing an end to several turbulent weeks that jeopardized a more than $100 billion combination of the world's largest brewers.

Chevron Reports 2Q Loss

Dow component Chevron reported a 2Q loss of $0.78 per share. Wall Street was expecting a profit of $0.32. Revenue for the company came in at $29.28 billion, topping the estimate for $28.54 billion