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Industrial production climbed 0.2 percent in June, capping the strongest quarter in almost four years and indicating manufacturers are providing a bigger spark for the U.S. economy. more
Royal Bank of Scotland Group PLC CEO Ross McEwan said the foreign-exchange market scandal could be more expensive to the banking industry than Libor or improperly sold loan insurance. more
U.S. stocks rose, with the Standard & Poor’s 500 Index extending a record, as Facebook Inc. rallied on higher sales and growth in global manufacturing offset a drop in home sales. more
The number of Americans filing applications for unemployment benefits unexpectedly dropped last week to the lowest level in more than eight years. more
Employers in the U.S. added more than 200,000 jobs for the sixth straight month in July, showing the world’s largest economy is making strides toward sustaining faster growth entering the sixth year of expansion. The jobless rate rose as growing confidence prompted more Americans to look for work. more
Rhode Island is selling $594 million in debt backed by tobacco-company payments as the segment is losing some luster while it beats the $3.7 trillion municipal market this year. more
Banco Santander SA, Spain’s biggest bank, said second-quarter profit rose 38 percent, beating analyst estimates, helped by the U.K. and a recovery in its home market. more
Providence Equity Partners LLC is scrapping a plan to sell Brazilian mobile-phone tower operator Grupo TorreSur after bids fell short of its expectations, people with knowledge of the matter said. more
U.S. states are set to increase spending at the slowest pace since the recession ended five years ago, reflecting wariness about the recovery. more
U.S. regulators are studying whether restrictions on marijuana should be eased, a step toward decriminalizing the drug at the federal level. more
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