Forbes: The retail giant fired Bill Simon and named Greg Foran as its new President and CEO.
WSJ: General Motors reported an 80% drop in its Q2 net profit, with earnings hit by $1.5 billion in recall-related charges.
Reuters: A study found that dogs are capable of feeling a basic form of jealousy.
Forbes: The aerospace and defense company reported $22.04 billion in second quarter revenue.
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.
WSJ: The cable-TV provider reported Q2 profit of $1.99 billion, up from $1.73 billion last year.
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.
LA Times: Using incredibly sensitive instruments, scientists have followed the magma from the Earth's belly to the base of Mt. Rainier.
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.
NYT: Forbes Media has agreed to sell a majority stake in itself to Hong Kong investors.
Bloomberg: The U.S. Department of Justice is charging the shipping giant for delivering drugs for illegal online pharmacies.
Reuters: Microsoft Corp. will slash 14% of its workforce; it will lay off 1,350 employees in the Seattle area.
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.