From the Wires

Apple: iPhone sales jump

WSJ: The consumer electronics giant reported its smartphone sales jumped 12.7%, but its iPad sales fell 9.2% after a 16% decline three months earlier.

Comcast profit rises 15%

WSJ: The cable-TV provider reported Q2 profit of $1.99 billion, up from $1.73 billion last year.

American fast food chains snagged by food safety scandal in China

Forbes: Workers at a meat supplier in China were shown reusing meat that had fallen to the factory floor, as well as mixing fresh and expired meat. The company then distributed the meat to KFC and McDonald's restaurants in the Shanghai area.

Washington volcanoes receive more scientific scrutiny

LA Times: Using incredibly sensitive instruments, scientists have followed the magma from the Earth's belly to the base of Mt. Rainier.

Edward Snowden: Racy photos often shared at NSA

NYT: The former National Security Agency contractor said in an interview that members of the U.S. military working at the spy agency sometimes shared the sexually explicit photos they intercepted.

Forbes Media to sell majority stake

NYT: Forbes Media has agreed to sell a majority stake in itself to Hong Kong investors.

FedEx indicted for delivering illegal prescription drugs

Bloomberg: The U.S. Department of Justice is charging the shipping giant for delivering drugs for illegal online pharmacies.

Microsoft to cut 18,000 jobs

Reuters: Microsoft Corp. will slash 14% of its workforce; it will lay off 1,350 employees in the Seattle area.

Profits surge at Morgan Stanley

NYT: The bank posted profit of $1.3 billion, or 60 cents per share, on $8.5 billion in revenue, up 46% from Q2 of 2013.

Apple joins with IBM on business apps

NYT: The two companies announced their partnership and its intent to spread mobile and data analysis technology in the corporate world.

Strokes in U.S. drop two-fold

Bloomberg: The rate of first-time strokes in the United States dropped 24% in the past two decades; accompanying deaths fell 20% per decade.

U.S. retail sales rise modestly

WSJ: Retail sales in the United States rose a seasonally adjusted 0.2% from May, the weakest increase since January.

Microsoft to announce job cuts

Bloomberg: The software maker is planning its biggest round of job cuts in five years.