Intel Posts Profit Surge but Warns of More Delays on Advanced Chips 
 

Intel reported stronger second-quarter earnings, buttressed by a work-from-home economy that has spurred demand for computing power, but it signaled a delay in its development of superfast chips.


 
PetroChina, Sinopec to Sell Assets to State-Owned Company for $55 Billion 
 

PetroChina Co. and China Petroleum & Chemical Corp. have agreed to sell some of their assets to China's state-owned pipeline company in return for a total of $55 billion in equity and cash.


 
Disney Delays 'Mulan' Indefinitely, Postpones 'Star Wars' and 'Avatar' Sequels 
 

The entertainment giant is making more changes to its movie-release schedule, including canceling the planned August release of "Mulan," as the coronavirus pandemic continues to roil Hollywood.


 
Tesla Prepares for Hiring Boom as Elon Musk Targets Manufacturing Expansion 
 

Elon Musk's plan to build Tesla's fourth vehicle assembly factory represents the next phase in his effort to reshape the auto maker.


 
Thales Sets New Guidance After 1H Profits Sank During Pandemic 
 

Thales said that net profit for the first half of the year plunged on the back of a sharp decline in the civil aeronautics market due to the coronavirus pandemic, while it set new guidance for the year.


 
Equinor Swings to Net Loss Amid Lower Oil and Gas Prices 
 

Equinor swung to second-quarter net loss as cost cuts weren't enough to offset lower oil and gas prices.


 
Brooks Brothers Agrees to 'Stalking-Horse' Takeover Bid 
 

The $305 million offer from Sparc, the apparel venture backed by Authentic Brands and Simon Property Group, kicks off the contest to buy the iconic American retailer out of bankruptcy.


 
No Bars, No Problem for Boston Beer: Earnings at a Glance 
 

Boston Beer Co. reported strong results as consumers' coronavirus-altered habits continue to benefit some companies, while presenting lingering obstacles to others.


 
Tech Giants Aim to Solve West Coast Housing Shortage 
 

New announcements from Google and Apple shed light on how billions of dollars pledged by tech companies for affordable housing are being deployed.


 
Lands' End Warns About Ability to Stay in Business 
 

The Wisconsin-based casual-clothing seller said its future could be in doubt if it isn't able to refinance a $384.1 million term loan from Bank of America NA and others.