T-Mobile, Sprint Cut Prices

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A few weeks ago Sprint and T-Mobile were contemplating a merger, and now they are out to steal each other's customers.

U.S. Probes Role of GM Lawyers in Recall

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Federal prosecutors are looking at the role employees inside and outside of General Motors' legal department played in a delayed ignition-switch recall linked to 54 accidents and more than a dozen deaths.

McDonald's Taps New U.S. Chief

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McDonald's is replacing the head of its U.S. business for the second time in less than two years, amid a lengthy period of flat or declining sales in its domestic market.

Murata to Buy Peregrine Semiconductor

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Japan's Murata Manufacturing Co. said it agreed to buy Peregrine Semiconductor Corp. for about $471 million, or $12.50 a share, a roughly 63% premium.

Avolon Pursues IPO as Sale Talks Continue

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Avolon Holdings Ltd. outlined more details of a planned initial public offering, though the Ireland-based aircraft leasing company is continuing talks with a number of potential buyers in Asia.

Twitter Faces Free-Speech Dilemma

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The social-media site scrambled to remove images of a U.S. journalist's beheading while maintaining its dedication to freedom of expression.

Traffic Surge Snarls Rotterdam Port

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An unexpected increase in summer traffic through Rotterdam has caused a congestion at Europe's busiest container port just as the facility has reduced capacity for upgrades.

Sinopec Profit Rises

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Sinopec reported that its first-half net profit rose 8% from the year before on improved refining margins after Beijing introduced changes to fuel pricing last year.

Dynegy to Buy Power Plant Assets

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Dynegy has agreed to pay $6.25 billion to buy 12,500 megawatts of coal and gas generation assets from Duke Energy and Energy Capital Partners, a deal that will nearly double its portfolio.

UnitedHealth to Expand Health-Exchange Policies to 24 States

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UnitedHealth Group Inc. has applied to sell plans in 24 states' health-law consumer marketplaces next year, including major markets such as Texas and Pennsylvania

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