When CEOs and CFOs Share an Alma Mater

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More than two dozen of the largest U.S. companies have CEOs and CFOs who hail from the same alma mater, according to a Wall Street Journal review.

Apple Readies Bet on Big-Screen Phones

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Apple is preparing for its largest initial production run of iPhones this year, betting that 4.7- and 5.5-inch screens will lure consumers now attracted to similar phones from Samsung and others.

Mobile-Ad Spending Leaps

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Spending on mobile ads is expected to jump 83% this year, but given how much time Americans spend on their devices, mobile-ad spending could be much higher.

Worries Over Meat Supplier Spread to Japan

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McDonald's said its outlets in Japan cut ties with Shanghai Husi Food Co., which has been accused in Chinese media reports of selling meat products beyond their shelf life

Kurds Pin Future on Stealth Oil Sales

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Iraqi Kurdistan's recent efforts to sell its oil abroad, which Iraq has declared illegal, show the steep barriers Kurds face in becoming a legitimate player in international energy markets.

Jana Partners Wants Changes at Apache

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Activist investor Jana Partners is calling for oil and gas company Apache Corp to exit some of its most expensive projects.

Gannett Profit Rises 84% on Broadcasting Unit Growth

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Gannett Co. said its second-quarter earnings rose 84% on a big boost from its broadcasting operations, which expanded with the media company's $1.5 billion acquisition of broadcaster Belo Corp. last year.

Yahoo Buys Mobile App Flurry

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Yahoo is acquiring mobile app analytics provider Flurry for more than $200 million in a bid to boost advertising revenue from smartphones.

Peabody Energy Reports Loss

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Peabody Energy Corp. swung to a second-quarter loss as the coal-mining company was hurt by weaker coal prices at its Australia operations and the year-earlier period benefited from a big tax benefit.

McDonald's Profit Slips Amid Struggles

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McDonald's said its profit for the second quarter fell 1% as the fast-food giant continues to struggle to connect with customers.

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