Russian steel manufacturer Severstal has sold its U.S. subsidiaries to two American firms for a combined $2.34 billion.
Yahoo is acquiring mobile app analytics provider Flurry for more than $200 million in a bid to boost advertising revenue from smartphones.
Tesco said Chief Executive Philip Clarke would leave the company in October to be replaced by Unilever executive Dave Lewis, as the U.K.'s largest retailer issued a new profit warning.
The family trust that owns the Los Angeles Clippers is in danger of defaulting on loans if a planned sale of the NBA team doesn't go through, an executive testified Monday.
Julius Baer said its assets under management rose 8% in the first half of this year, and announced plans to take over Israeli lender Bank Leumi's Swiss private banking operation.
Apple is preparing for its largest initial production run of iPhones this year, betting that 4.7- and 5.5-inch screens will lure consumers now attracted to similar phones from Samsung and others.
Netflix said earnings more than doubled as it added 1.7 million subscribers world-wide, but it cautioned that a more aggressive international expansion would hurt profits in the third quarter.
Most chief executives want their companies to grow. Joseph Ficalora isn't so sure.
Spending on mobile ads is expected to jump 83% this year, but given how much time Americans spend on their devices, mobile-ad spending could be much higher.
Allergan outlined plans to cut 13% of its workforce, part of a restructuring plan intended to save $475 million as the Botox maker looks to stave off an unsolicited $53 billion takeover bid from Valeant.