BMW Hit by Fierce Competition

German premium car maker BMW reported a decline in second-quarter profit because of fierce competition, despite a rise in revenue and car sales.

Crédit Agricole Profit Up Sharply

French bank Crédit Agricole posted a sharp jump in second-quarter net profit, recovering from massive losses it made in Portugal last year.

Tencent Offers to Buy eLong

Chinese online travel company eLong has received a takeover offer from its shareholder Tencent, the latest move in a sector that has seen an abundance of deal activity.

Sprint Names a New CFO

Sprint Corp. said Chief Financial Officer Joe Euteneuer will leave the company after a transition period and named Tarek Robbiati CFO.

ITG Ousts CEO Gasser After Probe

Investment Technology Group's investigation found Robert Gasser failed to disclose some details of alleged improprieties to the board.

Missing-Jet Probe Enters New Phase

The hunt for Malaysia Airlines Flight 370 reflects the inherent complexities of a global air-accident investigation, compounded by a French criminal probe operating entirely independently of the international effort.

Starboard Discloses MedAssets Stake, Calls For Overhaul

Starboard Value LP, disclosed a stake in MedAssets and is calling on the company to overhaul operations-and its board.

Pimco Gets Warning From SEC on Fund

Pacific Investment Management disclosed that it received a Wells Notice from the staff of the SEC concerning the Pimco Total Return ETF.

Community Health Plans Spinoff, Reports Jump in Earnings

Community Health Systems Inc. raised its earnings guidance for the year as its second-quarter profit more than doubled thanks to its acquisition of Health Management Associates Inc.

J.P. Morgan to Accelerate Timeline for Cybersecurity Spending Boost

J.P. Morgan said it expects to increase spending on cybersecurity in the coming years, accelerating its initial timeline of such spending growth.