Ever since his News Corp survived a bruising liquidity crisis in the early 1990s, Rupert Murdoch has been careful to avoid getting overextended financially. But his pursuit of Time Warner could test that philosophy.
An examination by the Federal Reserve Bank of New York found that Deutsche Bank AG's giant U.S. operations suffer from a litany of serious financial-reporting problems that the lender has known about for years but not fixed, according to documents reviewed by The Wall Street Journal.
STMicroelectronics swung to its first quarterly profit in more than two years as Europe's largest semiconductor maker continues to wind down its communication chip business to focus on making chips for cars and other applications.
Daimler reported a sharp rise in second-quarter operating earnings on record sales in its Mercedes-Benz luxury car division. The German automotive group also confirmed its upbeat outlook of significant growth in the full year.