Panasonic to Help Build Tesla Battery Plant

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Panasonic will invest in equipment and machinery for a battery joint venture with electric car maker Tesla Motors, but didn't say how much it will invest in the project.

Sony Posts a Surprise Profit, Powered by PS4

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Sony reported an increase in its net profit for the April to June quarter, as gains in its game business outweighed deteriorating results in its mobile unit.

Teva Pharmaceutical Swings to a Profit

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Teva Pharmaceutical IndustriesLtd. said its swung to a profit in the second quarter, driven by strong gains in its generic medicine sales.

Time Warner Cable Results Shy of Estimates

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Time Warner Cable Inc.'s second-quarter profit and revenue improved as the company added more Internet customers, but results just missed analysts' expectations.

Turnaround 'Remains Challenging' at Avon

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Avon said its second-quarter profit shrank as the beauty company continued to post lackluster sales, particularly in Latin America and North America.

Siemens Cautious on Energy Unit

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Siemens posted a rise in second-quarter profit but the German engineering giant warned that its energy business remains a challenge and conflicts around the globe increasingly threaten its expansion plans.

Alibaba Discusses Snapchat Stake

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Snapchat is in discussions to raise a new round of financing from Alibaba in a deal that could value the mobile-messaging app at about $10 billion.

BofA, Executive Hit With Fine

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A former Countrywide Financial official was fined $1 million and Bank of America was hit with a $1.27 billion penalty for a mortgage program.

T-Mobile US Swings to Profit, Adds Customers

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T-Mobile US said it gained more than 1.5 million total subscribers in the second quarter, as the fourth-biggest U.S. wireless operator continued to add customers as the market awaits a potential tie-up with Sprint Corp.

Yahoo Japan Launches Car Navigation App

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The app is part of Yahoo Japan's pursuit of more traffic on smartphones, which it sees as key to long-term growth.

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