News Corp. Chooses Robert Thomson as Publishing CEO

Rupert Murdoch’s choice of Wall Street Journal editor Robert Thomson to lead his publishing spinoff would put the company in the hands of a close lieutenant while underscoring the Journal’s role in setting strategy.
LVMH Beats Estimates on Leather-Goods and Wine Sales
15:22 - LVMH Moet Hennessy Louis Vuitton reported an estimate-beating 15 percent increase in first-half earnings as sales of fashion and leather-goods accelerated and the wines-and-spirits division returned to growth. Bloomberg's Shery Ahn reports on "Trending Business." (Source: Bloomberg)
  • China Stock Meltdown Adds Exit-Strategy Conundrum
  • How Long Is the Global Oil Glut Going to Last?
  • Russian Banks Turn to Hong Kong for Cash