The euro is near a two-year high against the dollar on signs that Europe has largely slowed down coronavirus infections. (WSJ)
Sales of previously owned homes in the U.S. fell 9.7% in May and home-price growth slowed. (WSJ)
Freight broker C.H. Robinson Worldwide says it gained market share in the second quarter despite a 7.2% drop in revenue. (WSJ)
Disagreement in Congress over whether to scale back aid for workers laid off during the pandemic centers on a key question: Are the extra weekly payments of $600 keeping people from returning to work? (WSJ)
Nissan Motor is facing a second straight year of losses topping $6 billion because of the pandemic’s hit to car sales. (WSJ)
Lysol maker Reckitt Benckiser is launching a business selling its cleaning products and expertise after second-quarter sales rose 19.4%. (WSJ)
3M’s quarterly sales fell 12% as falling demand from factories, offices and dentists offset rising sales of N95 masks and home-improvement supplies. (WSJ)
Pfizer’s overall quarterly sales fell despite gains in its biopharma division. (WSJ)
McDonald’s same-store sales fell 24% in the second quarter as the burger chain paid $31 million for supply-chain expenses incurred by franchises. (WSJ)
Global quarterly sales at Starbucks fell 40% and the coffee company lost $704 million on an operating basis. (WSJ)
Harley-Davidson lost $92.2 million last quarter as world-wide sales fell 27%. (WSJ)
Retailer L Brands plans to lay off about 850 corporate employees, or about 15% of the jobs at its home office. (WSJ)
Firearms maker Remington Arms filed for bankruptcy protection for the second time since 2018. (WSJ)
Apple contract manufacturer Foxconn Technology Group began assembling the iPhone 11 at a plant in southern India. (Nikkei Asian Review)
Collins Aerospace likely won’t start shipping components for Boeing’s grounded 737 MAX jet until the second half of 2021. (Flight Global)
Mexico cut its forecast for growth in berry exports to the U.S. by half. (Fresh Plaza)
Debt-ridden Pacific International Lines says it reached an agreement with Heliconia Capital Management on interim funding for urgent operating needs. (Lloyd’s List)
Clarksons slashed its forecast for global liquefied natural gas transport growth this year to 1%. (TradeWinds)
Loaded container imports at Georgia’s Port of Savannah fell 2.9% year-over-year in June but increased from May. (Augusta Chronicle)
United Parcel Service is moving into an expanded 777,000-square-foot regional hub in Tacoma, Wash. (Logistics Management)
Second-quarter profit at engine maker Cummins fell 59% to $276 million on a 38% drop in revenue. (Business Journals)
Truckload carrier USA Truck swung to a $931,000 second-quarter loss from a $1,000 profit a year ago. (Arkansas Business)
Warehouse technology supplier Zebra Technologies acquired retail task and workforce management software provider Reflexis. (Modern Materials Handling)
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