Wal-Mart's U.S. Chief to Leave

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Wal-Mart's U.S. chief, Bill Simon, who struggled to lift sales as it fought off competition from dollar stores and online retailers, will leave the company Aug. 8, the retailer said.

Starbucks Posts Higher Results

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Starbucks said its quarterly earnings rose 23% on stronger sales across its regions, along with improved transaction volumes and higher tickets.

Chief Scientist Is Out at Biotech

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Managerial turnover is hitting Sarepta Therapeutics as the biotech company prepares to seek regulatory approval for its high-profile drug for a rare and fatal form of muscular dystrophy.

Under Armour Raises Outlook

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Under Armour has found a bright spot in the retail industry, clocking 34% revenue growth thanks to substantial gains in athletic apparel and footwear. The company raised its full-year outlook for sales and profit.

Caterpillar Trims Its Forecast

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Caterpillar posted a 4% increase in profit for the second quarter but reined in its forecast for second-half sales.

Zillow in Talks to Buy Rival Trulia

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Zillow is in advanced talks to buy rival online real-estate information service Trulia, according to people familiar with the matter, in a deal that could give their fast-growing websites more power.

Obama Urges Action on 'Inversions'

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The president threw himself into the politically charged effort to block U.S. firms from reincorporating overseas for tax reasons, calling the relocations "wrong" and urging Congress to stop them through quick-fix legislation.

FCC Clears Sinclair's Purchase of Allbritton TV Stations

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The Federal Communications Commission approved Sinclair Broadcast Group Inc.'s $985 million purchase of TV stations owned by Allbritton Communications Co., clearing the way for the deal to close.

ICAO Clarifies Main Role of Countries in Conflict-Affected Airspace

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The International Civil Aviation Organization reiterated the procedures and responsibilities national governments must carry out to warn airlines about potential safety hazards when "operating in airspace affected by conflict."

Barclays Files to Dismiss Dark-Pool Suit

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Barclays filed a motion to dismiss the New York attorney general's complaint that alleged the bank lied to its clients about the activity of predatory high-speed traders in its dark pool.

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