Tencent Private Bank Plan Gets Approval

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China's banking regulator approved the establishment of three private banks, with one green light going to Chinese Internet company Tencent Holdings.

China Pressure Brings Jaguar Land Rover Price Cuts

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Jaguar Land Rover said it would cut prices on two Range Rover SUVs and a Jaguar sports car in China by an average of $32,000 in response to challenges by Chinese state media and the government.

Lyft Reaches Deal in New York

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Ride-sharing app Lyft Inc. has agreed to use only commercial drivers in New York City and follow state and local law as it prepares to roll out operations in New York Friday evening.

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.

Humira Sales Lift AbbVie Profit

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AbbVie Inc. said its second-quarter earnings rose as strong global sales of the drug maker's rheumatoid-arthritis drug Humira continued to boost results.

Should the Superintendent of Newton Schools be fired for plagiarizing Governor Deval Patrick in a commencement speech?

Mexico's Femsa Turns to Pricing, Cost Controls to Counter Tax

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Mexican beverage and convenience store conglomerate Fomento Económico Mexicano SAB increased its operating profit during the second quarter.

Molson Coors Chief Executive Swinburn to Retire

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Molson Coors Brewing Co. Chief Executive Peter S. Swinburn will retire at the end of the year, and the chief of the company's European operations will take over.

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.

Amazon Reports Another Loss

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Amazon posted a massive sales bump but failed again to turn a profit, even as it has hinted at a growing resolve to boost margins.

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