Index Providers Mull Removing Russian Firms

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Two big index providers are considering stripping out some Russian companies from their indexes, potentially handing investors another reason to avoid the country.

Harley Recalls Bikes Over Ignition Switch

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Harley-Davidson said it is recalling 4,520 motorcycles globally because of an ignition switch problem that could cause the bike to shut down while riding.

Allergan Sues Over Valeant-Ackman Ties

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Allergan filed a lawsuit claiming Valeant Pharmaceuticals, investor William Ackman and his firm Pershing Square violated securities laws prohibiting insider trading, among other things, in the companies' takeover battle.

Mobileye Soars in Debut

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Mobileye rallied in its trading debut, bucking an otherwise soft week for initial public offerings.

This Week

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What happened to your money this week.

Will This Billionaire Bring $3-a-Month Phone Plans to U.S.?

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Telecom company Iliad has thrived on its pledge to cut French households' mobile phone bills. Founder Xavier Niel, now pursuing T-Mobile US, sees the same opportunity across the Atlantic.

ArcelorMittal Returns to Profit, With U.S. Boost

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ArcelorMittal posted its first quarterly profit in two years, reaping benefits from cost cuts in Europe and a resurgence in U.S. steel demand. But it warned that a sharp drop in iron-ore prices would reduce its outlook for full-year earnings.

U.S. Auto Sales Rose 9% in July

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U.S. auto demand roared ahead, up 9% over a year earlier, thanks to healthy summer sales incentives and strong demand for sport-utility vehicles that pushed the annualized selling pace above 16 million cars and light trucks for a fifth straight month.

VIA Train Hits Derailed Canadian National Train

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Canada's government-owned rail-passenger service, VIA Rail Canada, said one of its trains struck a derailed Canadian National Railway Co. train in eastern Ontario on Friday, disrupting service in the busy Toronto-Montreal rail corridor.

FCC Mulls Banning Joint Bids at Spectrum Auction

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The Federal Communications Commission has proposed banning wireless companies from teaming up to bid at next year's spectrum auction, a move that appears aimed at discouraging a Sprint bid for T-Mobile US.

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