CIT Group Profit Slides on Revenue Decline

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CIT Group said profit in its latest quarter slid as noninterest income fell and expenses rose.

Samsung Looks to Bigger Galaxy for Smartphone Star

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Samsung is revamping one of its most important product releases of the year, underscoring the pressures the company faces as its mobile earnings take a hit from Apple and Chinese rivals.

Pfizer Boosts Its Earnings Outlook

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Pfizer lifted its full-year outlook as its new treatments continued to drive growth in the second quarter.

Ford Bets on Fancy Pickups

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Auto makers are finding more buyers with money and a desire to flaunt their rides snapping up an emerging class of $50,000 and up pickups that have the same leather, electronics and appointments as a luxury car.

Brokers Are Trusted Less Than Uber Drivers, Survey Finds

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More Americans seem to trust the drivers they hail on the popular car-service app than brokers, according to Personal Capital Corp., a Redwood City, Calif.-based registered investment adviser that manages more than $1.5 billion.

Investors Warned on Carlyle Hedge Fund

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Carlyle’s $5 billion hedge-fund firm, Claren Road Asset Management, faces the prospect of withdrawals after an influential consultant advised clients who are invested in Claren Road to pull their money.

Weakness in Asia Batters Currencies Abroad

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The global commodities slump is testing the resilience of resource-driven economies, pushing currencies from Australia, Canada and Norway to lows not seen since the financial crisis.

At P&G, Lafley Prepares to Hand Over Reins

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Procter & Gamble is expected to soon name David Taylor as CEO, succeeding A.G. Lafley, who came out of retirement to take a second stint running the company.

Proof of a 'Gig Economy' Revolution Hard to Find

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Politicians and Silicon Valley prospectuses are all atwitter over the perils and promise of the next big thing, the gig economy. But the numbers don’t bear that out: Americans are becoming slightly less likely to be self-employed, and less prone to hold multiple jobs.

Twitter Is No Bargain

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Ahead of the Tape: Twitter’s recent stumble creates the appearance of a possible bargain compared with rival social network Facebook, but the gulf between them is vast.

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