American, United Launch Buybacks
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.
GM's Profit, Hit by Recalls, Tumbles 80%
GM reported an 80% drop its second-quarter net profit, with earnings hit by $1.5 billion in charges related to vehicle recalls and money set aside to fund a compensation plan for victims of accidents linked to defective ignition-switches.
Wal-Mart's U.S. Chief to Leave
Wal-Mart's U.S. chief, Bill Simon, who struggled to lift sales as it fought off competition from dollar stores and online retailers, will leave the company Aug. 8, the retailer said.