Reliance's Ambani Launches Low-Cost Mobile Phone for India
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India's richest man said his cellular company has developed an inexpensive web-enabled mobile phone for the masses, a move that could shake up the handset market and force some of the world's leading phone makers to slash prices to stay competitive.
Blackstone Made Bid to Buy Hotel Investor RLJ Lodging Trust
Blackstone Group recently made a roughly $3 billion bid to buy RLJ Lodging Trust, a move that if successful would end RLJ's agreement to acquire rival hotel investor FelCor Lodging Trust.
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.
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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.
U.S. and Exxon Spar Over Russia Sanctions Violation
The U.S. Treasury Department imposed a $2 million fine on Exxon Mobil Corp. for what it called a "reckless disregard" of U.S. sanctions on Russia while Secretary of State Rex Tillerson was the oil giant's chief executive, a finding the company immediately said it would challenge.
Capital One Profit, Revenue Rise
Capital One Financial's second-quarter results beat analyst estimates and were helped by a ramp-up in credit-card balances industrywide and the rise in interest rates.
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.
FBI, Allies Shut Two Big Dark Web Sites for Drugs, Guns
Two of the world's largest online marketplaces for criminal goods have been shut down in a global operation that also resulted in the arrest of their owners and the freezing of millions of dollars in alleged criminal proceeds.
GM Eases Summer Production of Chevrolet Bolt
Workers assembling General Motors Co.'s Tesla fighter are taking a month off this summer amid lukewarm demand, a sign American car buyers are showing little interest in vehicles that rely solely on battery power to get from Point A to B.
(END) Dow Jones Newswires
July 21, 2017 07:15 ET (11:15 GMT)