Pfizer’s strong results were undermined by currency effects—which also raise pressure to do a deal.
Twitter said second-quarter revenue grew 61%—but user growth disappointed, as interim CEO Jack Dorsey said new features had yet to generate desired results.
Review site Yelp expects revenue of $544 million to $550 million for the year as it phases out its brand advertising product.
Twitter recognizes it has a growth problem but it will be hard to fix.
Procter & Gamble said company veteran David Taylor will take over as CEO on Nov. 1, with A.G. Lafley shifting to the role of executive chairman.
Wal-Mart has sent out a memo to hundreds suppliers warning them to comply with labeling laws, emphasizing that the amount inside a package matches what is printed on the outside.
Zurich Insurance said it may try to buy U.K.-based RSA Insurance in a deal that could be valued at more than $8 billion.
Treasury Secretary Jacob Lew said the Obama administration isn’t contemplating a federal bailout for Puerto Rico as the island territory faces a cash crunch.
Regulators told three huge financial firms to do a better job explaining how they would handle a bankruptcy without harming the U.S. economy, signaling that the companies have work to do to avoid regulatory sanctions in the future.
The cost of renting a home is rising faster than wages across wide swaths of the country, a problem that has become especially acute in the past year, putting a big squeeze on many household budgets.