FedEx Corp.’s quarterly profits were squeezed by falling Express revenues and higher costs at its Ground business. (WSJ)
U.S. optimism about the economy fell in June to its lowest level in 21 months. (WSJ)
Purchases of newly built single-family U.S. homes decreased 7.8% last month. (WSJ)
Growth of U.S. home prices slowed again in April. (WSJ)
Canada halted all China-bound meat exports after a probe found forged certificates tied to certain shipments of pork. (WSJ)
U.S. chip makers including Micron Technology Inc., Qualcomm Inc. and Intel Corp. have resumed some shipments to Huawei Technologies Co. (WSJ)
AbbVie Inc. agreed to buy fellow pharmaceutical supplier Allergan in a $63 billion acquisition. (WSJ)
The U.S. is investigating several top poultry producers for colluding to keep prices artificially high. (WSJ)
Japan’s Mitsubishi Heavy Industries Ltd. will acquire Bombardier Inc.'s regional-jet business for $550 million. (WSJ)
General Electric Co. reached a tentative four-year agreement with a group of unions. (WSJ)
Some apparel companies are shipping U.S.-bound imports from China through Mexico to reduce tariff burdens. (Business Insider)
Some manufacturers are quietly sizing up North Korea as a possible low-cost sourcing center. (Sourcing Journal)
Alibaba Group Holding Ltd. launched an English-language portal on its Tmall marketplace. (South China Morning Post)
Canadian delivery company Purolator Inc. will spend $760 million to build a Toronto hub and expand its fleet. (Reuters)
7-Eleven stores in the U.S. will start delivering goods to designated public places. (Associated Press)
Longshore workers approved a labor agreement at Canada’s ports of Vancouver and Prince Rupert. (Journal of Commerce)
Samsung C&T and state-owned PTSC will build the first liquefied natural gas import terminal in Vietnam. (Lloyd’s List)
Italy’s PB Tankers filed for bankruptcy protection after the U.S. sanctioned the company over its business in Venezuela. (Splash 247)
Taiwan’s Yang Ming Marine Transport Ltd. added China-Thailand container service to adjust to trade-related cargo shifts to Southeast Asia. (Seatrade Maritime)
Walmart Inc. is accepting federal nutrition assistance benefits for online orders at pickup locations. (TechCrunch)
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