Facebook reported slower-than-expected revenue growth in the second quarter, indicating that the social-media website felt some effects from a series of controversies over the past several months.
Qualcomm said it plans to scrap its $44 billion purchase of Dutch chip maker NXP after failing to secure approval in China, making the deal one of the most prominent victims of spiraling U.S.-China trade tensions.
GM, Ford and Fiat Chrysler reduced their financial outlooks as steel and aluminum tariffs took a toll.
Sergio Marchionne, who engineered a merger of the auto industry’s weakest companies—Fiat and Chrysler—and turned the pairing into a profit generator, died at the age of 66.
Royal Dutch Shell launched a hotly anticipated $25 billion share buyback program as the company’s earnings nearly tripled in the second quarter.
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