The economic counselor of the International Monetary Fund presented an update of the World Economic Outlook that reflected the winter slump in U.S. growth.
Amgen said Tuesday it will lay off up 2,900 workers, mostly in the U.S., even as it reported second-quarter results that trounced Wall Street expectations.
McDonald's Corp. says it has been notified by a labor regulator that it can be named a "joint employer" for workers in its franchisee-owned restaurants.
Energy company BP says further international sanctions on Russia could hurt its profits because of its stake in the country's oil giant, Rosneft.
A one-time gain and a tax benefit helped Merck & Co. more than double its second-quarter profit, improve its profit forecast and top analysts' expectations.
Pfizer's second-quarter earnings plunged 79 percent from last year, but the latest results still edged analyst expectations.
Corning on Tuesday reported net income that declined by 74 percent in its second quarter, matching analysts' expectations.
Reynolds American said Tuesday its profit rose by 6.7 percent in its second quarter as higher cigarette and smokeless tobacco prices helped to offset a decline in cigarettes sold.
UPS is sacrificing some short-term profits to avoid a repeat of its failure last Christmas to deliver all packages on time.
Smith & Wesson has agreed to pay $2 million to settle civil charges of bribing government officials in Pakistan, Indonesia and other countries to win business.
Herbalife on Monday reported profit that decreased by 17 percent in its second quarter, falling short of analysts' expectations.
Darden Restaurants CEO and Chairman Clarence Otis is stepping down as the company fights to fix its flagship Olive Garden chain following its contested sale of Red Lobster.
Major U.S. companies are starting to reap their most rapid growth in fertile lands of opportunity far from home.
Tyson Foods plans to sell its poultry businesses in Mexico and Brazil for $575 million in cash to help pay debt from its recently announced acquisition of Hillshire Brands.
Virgin America had been unprofitable until last year, when it had earnings of $10.1 million.