The parents of American Airlines and United Airlines unveiled stock-buyback plans, continuing the transformation of the country's largest carriers from bankruptcy into some of the most profitable in the world.
3M Co. reported a 5.8% increase in profit for the second quarter, fueled partly by stronger sales of respiratory face masks and water-filtration products in China and other developing countries where pollution fears are growing.
McDonald's said it will continue to use a longtime meat provider in China, except for the Shanghai facility accused of selling expired chicken and beef. The decision underscores the difficulty in finding safe food suppliers in China.
Activist investor Elliott Management Corp. unveiled a major stake in Interpublic Group of Cos., saying the shares represent an attractive investment opportunity and confirming recent speculation that an activist was building a stake in the advertising firm.