AB InBev Lifted by 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.

Sanofi Forecasts Profit Spurt

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The French pharmaceutical group has raised its earnings outlook as it reported a jump in second-quarter profit on a strong showing by its biotech unit and stronger sales of diabetes treatments.

Growth Rebound Stokes Fed Debate

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Federal Reserve officials delivered a modestly more upbeat assessment of the economy Wednesday amid a second-quarter growth rebound and deepening debate inside the central bank about when to start raising interest rates.

Target Hires New CEO

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Target is bringing in a PepsiCo executive, Brian Cornell, as its new CEO, turning to an outsider for the first time in its history to repair a battered corporate culture and navigate a sea change in shopping habits.

Buyout Shops Look to Private-Equity Rivals for Deals

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Private-equity firms are increasingly buying companies from each other, a shift driven in part by the relative simplicity of completing such acquisitions.

Airlines Sue TSA Over Security Fees

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A group of airlines sued the U.S. government over new passenger-ticket security fees following months of squabbling over charges that came into effect last week.

For Top Brokers, Junkets are Back

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Good-bye Detroit, hello Hawaii. With markets at record levels and wealth-management fees rising, Wall Street is once again sending top brokers to luxury destinations.

U.S. Oil Exports Ready to Sail

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A tanker of oil from Texas set sail for South Korea, the first unrestricted sale of unrefined American oil since the 1970s.

AMC Networks in Talks to Buy BBC America Stake

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AMC Networks Inc. is in talks to acquire a sizable minority stake in cable channel BBC America, creating a partnership between two TV companies known for high-quality shows.

Alibaba Discusses Snapchat Stake

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Snapchat is in discussions to raise a new round of financing from Alibaba in a deal that could value the mobile-messaging app at about $10 billion.

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