US Business

The Zurich-based reinsurer made a net profit of $996 million for the second quarter and said its performance benefited from disciplined underwriting, low natural-catastrophe claims and strong investment income.

Whitehaven Coal has signed deals to sell 30% stake in an Australian coal mine for $1.08 billion.

Chinese search-engine giant Baidu reported better-than-expected profit as its AI-related business continued to grow, offsetting headwinds from a slowing economy.

Walmart’s loyalty program is growing after plateauing early last year at around 8 million members.

The departing leader was the face of resurgence at the company. Analysts say it has a deep bench.

Ford’s move to delay certain projects follows rivals and comes as automakers face pressure from regulators and China.

Brambles sees more opportunities to monetize the data that has helped the global pallet giant boost shareholder returns with a $500 million share buyback, its chief executive said.

The California utility company has reported to state regulators 62 ignitions in high-threat fire areas so far this year, compared with 65 for the entirety of 2023, according to company executives.

Federal auto-safety regulators have ended an investigation into the autonomous-driving system used by General Motors’ driverless-car business after a recall resolved concerns around inappropriately hard braking.

Advance Auto Parts has agreed to sell its Worldpac subsidiary to Carlyle Group for $1.5 billion in cash.