Fed Leaves Door Open to Move as Soon as September

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The Fed upgraded its economic assessment and said near-term risks have diminished, effectively leaving the door open to raise rates as early as September.

Boeing Considers Ending Production of 747

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Boeing said Wednesday that it may stop production of the 747, ending nearly a half-century of producing the plane that became the aircraft of choice for the U.S. president and other heads of state.

China's Taikang Life Insurance Takes Stake in Sotheby's

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Taikang Life Insurance Co. has disclosed a 13.5% stake in Sotheby’s, citing a “positive view” of the auction company’s prospects as well as potential interest in a board seat.

BHP Billiton to Take $1 Billion Profit Hit From Brazil Dam Charges

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BHP Billiton said it would record a provision of over $1 billion relating to last year’s deadly dam failure at a Brazilian iron-ore mining operation.

In China, Local Rivals Take Bite Out of Apple's Revenue

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Apple has a China problem, and it may only worsen, as Chinese smartphone makers offer better products and appeal to consumers to buy homegrown hardware.

Coke's Revenue Slides, as Soda Volume Declines

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Coca-Cola Co. lowered its 2016 revenue outlook after second-quarter volumes stalled for the first time in more than a decade, hurt by falling sales in China and other developing markets.

Anthem: Getting Past Cigna Merger Blues

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Cost pressures and merger uncertainty shouldn’t derail Anthem shares for long.

What to Expect From Japan's Next One-Two Punch of Stimulus

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What Japan appears to be heading toward isn’t necessarily novel—but has worked before.

Eli Lilly CEO to Retire

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Eli Lilly CEO John Lechleiter will retire at the end of the year, the company said Wednesday, capping nearly four decades at the pharmaceutical manufacturer and an eight-year tenure at its helm.

Facebook Rides Mobile-Ad Surge

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Facebook’s mobile bet has shrunk the time it takes the social network to leap from one milestone to the next: On Wednesday, Facebook topped $2 billion in quarterly profit, six months after crossing the billion dollar mark for the first time.

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