Energy Firms Get Tax Deferrals

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The U.S. energy boom is producing a little-noticed side effect: American oil and gas companies are paying less in federal income taxes, thanks to investment incentives.

Lotus Looks for Edge in F1 Data Rush

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Lotus says it can get more out of its Formula One race cars from the new ways that it collects data on their performance.

L-3 Records Charge for Accounting Problems

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L-3 Communications disclosed accounting irregularities linked to a U.S. Army contract, cutting its full-year profit guidance as it digested an initial $84 million pretax charge.

Sony Cuts Phone-Sale Forecast

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Sony reported a surprise first-quarter profit but sharply cut its forecast for smartphone sales, dealing a blow to the Japanese electronics maker's recovery.

AB InBev Scores with World Cup

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Anheuser-Busch InBev reported that strong sales volume growth and cost cuts boosted net profit in the second quarter, driven in part by World Cup sales.

Alibaba Invests $120 Million in Mobile Gaming Firm

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Alibaba Group Holding is backing another California startup, announcing a $120 million strategic investment in gaming company Kabam Inc. and a partnership to publish and distribute its free-to-play mobile games.

FDA Seeks to Regulate Lab-Developed Tests

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The FDA laid out a proposed new regulatory plan to oversee potentially thousands of laboratory-developed medical tests that the agency contends can be prone to errors.

Iliad Makes Offer for T-Mobile US

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French upstart telecommunications company Iliad made a buyout offer for T-Mobile US, in a bold bid to counter an effort by Sprint to combine with the fourth-largest wireless carrier in the U.S.

Wind Power Hopes for Sea Change

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Germany's efforts to generate electricity from offshore wind farms have been marred by delays and cost overruns, but turbine maker Siemens and private-equity firm Blackstone are looking to buck that trend.

U.S. Judge Rules Microsoft Must Produce Emails Held Abroad

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Microsoft must comply with a U.S. warrant for email stored in a company data center in Ireland, a federal judge ruled.

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