Renault Profit Surges on Cost-Cutting

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Renault reported a steep rise in first-half profit, as the French car maker benefited from a cost-cutting drive and the absence of provisions that hurt its performance in the same period last year.

Should the republicans try to impeach President Obama?

Activist Casablanca Claims Victory in Battle Against Cliffs Natural Resources

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Activist investor Casablanca Capital LP proclaimed victory in its fight with iron-ore miner Cliffs Natural Resources Inc. on Tuesday, saying it had won a majority of the board in a shareholder vote.

Pfizer Still Looking to Buy

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Pfizer said it was still looking at potential deals, including big ones, after earlier dropping its pursuit of British rival AstraZeneca.

NSA Concerns Boost Chinese Server Maker

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Inspur, a Chinese server maker, is seeking to rival IBM in China, helped in part by Chinese worries about using U.S. gear in the wake of the NSA controversy.

Aetna's Profit, Medical Costs Rise

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Aetna said its second-quarter profit rose as the insurer posted record medical membership and revenue, but shares fell over concerns about the company's rising medical costs.

Airbus Cancels Superjumbo Order

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Airbus has canceled a $1.7 billion order for six A380 superjumbo jets from Japanese budget carrier Skymark Airlines, as it continues to struggle to sell the world's biggest passenger plane.

In Prepaid Cards, Fortune Eludes the Famous

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Suze Orman, Magic Johnson and Lil Wayne are among the celebrities who have shuttered or scaled back prepaid-card ventures, as they struggle to compete with plain-vanilla cards issued by big banks.

Hedge Fund Elliott Meets Match in Singapore's OCBC

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OCBC prevailed in its bid to take Wing Hang Bank Ltd. private, despite a bid by Paul Singer's Elliott to force the Singaporean lender to raise the deal's price.

Iain Conn Named Centrica CEO

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U.K. utility Centrica PLC confirmed one of the City of London's worst-kept secrets: its new chief executive will be former top BP PLC executive Iain Conn.

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