Rio Tinto Posts Record 1H Iron Ore Output
Rio Tinto posts record production of iron ore and coking coal in
1H, but warns global economic conditions and sentiment dropped
markedly in 2Q.
Richard Branson Considering Virgin Records Bid
Richard Branson mulls a bid for Virgin Records, one of the
record labels Universal Music may sell to win regulators' clearance
for its $1.9 billion EMI Music buy, a person familiar with the
matter tells The Wall Street Journal.
U.S. Senate Report Details Risky Behavior at HSBC
Executives of HSBC Holdings ignored warnings for years that the
bank's far-flung operations were being used by money launderers and
potential terrorist financiers, according to a U.S. Senate
investigation.
Google's Mayer Takes Over As Yahoo Chief
Yahoo names Marissa Mayer, a longtime Google executive, to be
its next chief executive officer, returning the struggling Internet
company to a leader with deep technology experience.
Moody's Cuts Ratings on Italian Banks
Moody's cuts its long-term ratings on 10 Italian banks and its
issuer ratings on three Italian financial institutions, following
its downgrade of Italy's government bond rating last week.
Microsoft Unveils New Office Suite
Microsoft unveils a customer preview of its new Office software
suite, which is designed to work with touch-screen tablets and will
be available as a cloud-based subscription service.
-- NBC News Buys Microsoft Stake in MSNBC Digital
GM Expects European Losses for Rest of Year
General Motors expects to report substantial losses in Europe
for the rest of the year, dampening prospects for a second-half
recovery, according to people familiar with the workings of GM's
European operations.
HEARD ON THE STREET
Googling Salvation at Yahoo
In picking Google executive Marissa Mayer as its new chief
executive, Yahoo is swinging for the fences. It could easily whiff,
Rolfe Winkler writes.
THE WALL STREET JOURNAL
Mazda Hopes To Rev Up Exports
Mazda Motor charts a radical course for a Japanese auto maker:
betting heavily on exporting, even as the strong yen makes it much
harder to do so profitably, Yoshio Takahashi writes.
THE WALL STREET JOURNAL
Coca-Cola's Currency Is Its Resilience
The surprising weakness of some international markets and the
strength of the dollar will be a focus Tuesday when Coke unveils
second-quarter results, Spencer Jakab writes.
HEARD ON THE STREET
Citi's Not-So-Simple Task
Citigroup is holding its own in the face of rocky markets and
slowing global growth. But compared with a peer like J.P. Morgan
Chase, recently engulfed in scandal, it gets little credit, David
Reilly writes.