From the Wires

GM profit declines 80%

WSJ: General Motors reported an 80% drop in its Q2 net profit, with earnings hit by $1.5 billion in recall-related charges.

Study: Dogs can feel jealousy

Reuters: A study found that dogs are capable of feeling a basic form of jealousy.

Boeing profit surges 52%

Forbes: The aerospace and defense company reported $22.04 billion in second quarter revenue.

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.