Sony’s PlayStation 4 Sales Help Keep Profit Target Within Reach

SEC Requires Energy Companies to Disclose Payments to Governments
Energy companies will have to report their payments to governments for extracting oil, gas and minerals under rules the Securities and Exchange Commission completed Monday, three years after a federal judge tossed out an earlier version of the measure.

ZTE’s Temporary Sanction Relief Extended
The U.S. extended the temporary lifting of sanctions on ZTE, as the Chinese maker of telecommunications equipment tries to rebuild its reputation after being accused of trade-rule violations.

GE Strikes Deals to Sell Most of U.S. Restaurant Finance Assets
General Electric Co. has struck three agreements to sell the bulk of its U.S. restaurant loan portfolio as the industrial conglomerate continues to unwind its financial arm to focus on high-tech products, like jet engines and power turbines.

Russian Tycoon Parlays a Smart Hedge Into an Empire
Mikhail Gutseriev won big when he locked in high oil prices with a smart hedge and now hopes to expand his budding business empire with an initial public offering of his Russneft, Russia’s seventh-largest oil firm.

Online Shopping Forces Retailers to Rethink Inventory Strategy
Retailers are trying to figure out ways to profitably serve online shoppers while making their network of stores less of a financial burden. Home Depot, for example, is targeting sales growth of nearly 15% by 2018, but wants to keep inventory levels flat or slightly down.

Lyft Hires M&A Banker Qatalyst Partners
Ride-hailing startup Lyft has hired Qatalyst Partners, the boutique investment bank best known for helping tech companies find a buyer, according to people familiar with the matter.

SolarCity Forms Special Committee to Review Tesla Offer
SolarCity Corp. said it has hired outside legal and advisory counsel and formed a special board committee to evaluate an acquisition offer made by Tesla Motors Inc.

Gannett to Buy Digital Services Company ReachLocal
Gannett agreed to buy digital services company ReachLocal Inc., the latest move by a traditional newspaper publisher to diversify beyond print media.

EU Set to Issue Fresh Formal Antitrust Charges Against Google
The European Union’s competition watchdog has signaled it is preparing to issue a fresh set of formal antitrust charges, possibly before August, against Google over abusing its dominance in advertising, according to people familiar with the matter.

Nestlé Taps Schneider as Next CEO
Nestlé SA said it has tapped Ulf Mark Schneider, chief executive of Fresenius Group, as its new CEO starting Jan. 1.

HP Enterprise Shuffles Senior Executives
Hewlett Packard Enterprise announced the planned retirement of its research chief along with other management and organizational changes, the latest signs the technology company wants to streamline operations and speed up decision-making.

‘Brexit’ Vote Pours Cold Water on Tata Steel’s Sale Plans
The U.K.’s decision to leave the European Union could cast doubts over Tata Steel’s efforts to sell its businesses in Britain, analysts said.

Medtronic to Buy HeartWare for $1.1 Billion
Medtronic said it agreed to acquire HeartWare International for $1.1 billion, adding more heart-treatment products to the medical-device maker.

Dentsply Sirona to Buy MIS Implants
Dentsply Sirona said it agreed to buy dental implant systems manufacturer MIS Implants Technologies for $375 million.

Williams Holders Vote for Cash in Energy Transfer Deal
Williams Cos. said 62% of shareholders elected to receive the cash portion of the company’s deal with rival Energy Transfer, although that deal is seen as less likely to occur after a court ruling last week.

PepsiCo to Reintroduce Aspartame- Sweetened Diet Pepsi
PepsiCo said it would reintroduce the aspartame-sweetened version of Diet Pepsi in U.S. stores in September, its latest attempt to halt plunging diet cola sales.

Skullcandy Gets Second Buyout Offer
Skullcandy Inc. said private-equity firm Mill Road Capital Management had taken a nearly 10% stake in the company and made an unsolicited buyout offer.

Heat Rises on China Vanke
China Vanke’s largest shareholder took its first steps toward a hostile takeover of the property developer, amid disagreements about a proposed $6.9 billion asset-swap deal with Shenzhen’s subway system operator.

Yellen Panel With Carney Called Off After ‘Brexit’ Vote
A heavyweight debate in Portugal featuring Federal Reserve Chair Janet Yellen and Bank of England Governor Mark Carney has been canceled in the wake of Britain’s historic decision to exit the European Union.

‘Brexit’ Vote Rattles Japanese Auto Makers
Concerns grew over the impact on Japanese auto makers from Britain’s vote to leave the European Union, particularly Nissan because of its heavy investment in U.K. auto production.

Drones Have a Role in Your Company’s Future
Drones already have disrupted aerial photography, replacing cranes, helicopters and planes on film and TV sets. The breadth of industries where they are gaining purchase is striking, and their use is poised to explode.

EasyJet Warns on Profit, Citing ‘Brexit’ Uncertainty Ahead
Budget airline easyJet warned on profit, joining British Airways-parent International Consolidated Airlines Group in signaling how the economic uncertainty after Britain’s vote last week to exit the European Union would take its toll on earnings.

For Consumers, Injury Is Hard to Prove in Data-Breach Cases
Judges are grappling with a new question: whether hacked companies should have to compensate customers for breaches that expose credit-card numbers or other personal information.

How Telemedicine Is Transforming Health Care
The revolution is finally here—raising a host of questions for regulators, providers, insurers and patients.

Tsinghua Holdings Expands R&D Spending on Strategic Technologies
Tsinghua Holdings Co., the state-owned investment arm of China’s elite Tsinghua University, said it plans to increase its investment in research on strategic technologies to $7.6 billion over the next five years.

Williams Cos. Fights to Save Deal
Williams faces an uncertain future as its shareholders meet on Monday to vote on a merger with pipeline rival Energy Transfer Equity that may already be dead in the water.

Classic Waldorf Hotel to Be Gutted, Up to 1,100 Rooms Turned Into Condos
The Chinese acquirer of New York’s Waldorf Astoria is finalizing plans for an extensive overhaul that would shut the landmark hotel for up to three years and convert as many as three-quarters of its rooms into private apartments.

Panama Inaugurates Expanded Canal
The expanded Panama Canal formally opened Sunday following a $5.4 billion project that took nine years to complete to double the capacity of the waterway.

Dining Out Falls Victim to Economy
Restaurant visit growth has completely stalled in the last three months, signaling that consumers, jittery over economic uncertainties, are retrenching.

‘Independence Day’ Sequel Fails to Catch Fire
Hollywood’s big bet on sequels this summer continued to pay off poorly as ‘Independence Day: Resurgence’ fizzled, with ticket sales of about $41.6 million in the U.S. and Canada on its opening weekend.

Business in Europe Is Cast Into Uncertainty
Britons’ vote to leave the European Union realizes one of corporate leaders’ worst fears: uncertainty. Foreign ministers of the EU’s six founding members demanded the U.K. move for a quick separation.

Global Economy Week Ahead: Summits in Europe, Manufacturing Data
The British vote to leave the EU is likely to dominate summits of European heads of government and global central bankers this week, as policy makers look for a road map following “Brexit.”

Brexit’s Impact on Global Economy Depends on Leaders
Britain’s vote to leave the European Union casts a shadow over the global economy. How deep a shadow depends on how the rest of the world responds, which will be driven by politics, not economics, Greg Ip writes.

Amazon to Add Dozens of Brands to Dash Buttons, But Do Shoppers Want Them?
Amazon this week plans to announce it is adding dozens of new brands to its Dash buttons feature that enables shoppers to order consumer items by pressing a button.

Fast-Fashion Cast-Offs Fuel Global Recycling Network
The rise of fast fashion has created a tsunami of inexpensive cast-off clothing from the U.S. that often ends up resold or reprocessed into pillow stuffing or other goods in the same low-wage countries where it was made.

U.S. Economy Likely to Weather ‘Brexit’ Storm
The U.K.’s decision to exit the European Union may rock the overall U.S. economy in coming months. But it isn’t likely to sink it.

Bayer CEO Takes Risk in Bid for Monsanto
Bayer’s offer for Monsanto, which would be the largest corporate takeover ever by a German company, is a risky power play for CEO Werner Baumann. He surprised investors with the offer less than two weeks after assuming the top job on May 1.

Europe’s Startups Reassess Britain After Brexit
Britain’s vote to leave the European Union is already forcing Europe’s nimble, tech startup community to reassess operations there—a potential early warning for the kind of dramatic action bigger companies may have to take.

China Issues New Internet Search Rules After Baidu Probe
China’s internet regulator has issued new rules for online search and advertising, about six weeks after it opened an investigation of Chinese search giant Baidu’s practices.

Truck Maker Volvo Raises Provision for Possible EU Antitrust Fines
Swedish truck maker Volvo AB said Saturday it had increased by more than 60% a provision for possible fines in connection with a European Union antitrust probe.

U.K. Business Secretary Seeks to Reassure Firms Amid Brexit Fallout
U.K. Business Secretary Sajid Javid said he will convene a special meeting as he seeks to reassure British businesses scrambling to assess the ramifications of last week’s referendum vote to leave the EU.

U.S., EU Agree on Adjustments to Data ‘Privacy Shield’
The U.S. and the European Union have agreed on the final changes to a new trans-Atlantic data transfer framework, paving the way for the formal unveiling in early July of the scheme which should restore a straightforward way for companies to transfer data to American soil.

Nike’s Run Facing an Uphill Climb
Athleisure may be the style trend of the moment, but looking sporty may not be enough for Nike Inc. when it reports fiscal 2016 results Tuesday.

Biotech Labs Birth New Drugs—and New Fortunes
Proprietary drugs that extend or improve the lives of millions of people have lifted stocks of the biotech companies that own them and made millionaires of many scientists and doctors behind them.

FAA’s Drone Rules Break New Ground
New federal rules permitting routine commercial-drone flights also establish legal precedents that could affect an array of future air-safety regulations.

Raw Economic Data Is Just Noise That Needs to Be Silenced
Seasonal effects drown out the actual trends. Columnist Jo Craven McGinty explains how adjusted numbers make comparisons between months, years or even economic sectors meaningful.

Americans Sleeping More, Working Less, Survey Finds
Americans overall are working less and sleeping more than they did a decade ago, due to an aging population and fewer people in the workforce. But those who have a job are spending more time on the clock

Ticketmaster Vouchers Get Panned by Fans
Some 50 million Ticketmaster customers were recently sent vouchers for concert tickets as part of a class-action lawsuit, but not all were pleased with their choices.

Energy Transfer Can Scrap Williams Merger, Judge Rules
Energy Transfer Equity can escape its deal to buy rival pipeline operator Williams Cos. after a judge rules that its fears of an unexpected tax bill were genuine.

‘Brexit’ Expected to Rattle U.S. Economy, Shake Its Influence
Britain’s exit from the European Union is expected to jolt the U.S. economy, likely rattling restive equity markets and driving up the value of the dollar. It could also weaken U.S. diplomatic leverage in Europe and upend the corporate strategies of U.S. companies based in London.

Skullcandy Agrees to Be Acquired by Incipio
Headphones maker Skullcandy agreed to be acquired by consumer-technology provider Incipio for $177 million.

United, Attendant Union Negotiators Reach Tentative Contract Deal
The Association of Flight Attendants union said that its negotiators reached agreement with United Continental on a tentative collective bargaining agreement.

Qualcomm Sues Alibaba-Backed Smartphone Maker
Qualcomm is suing Meizu Technology, a Chinese smartphone maker backed by Alibaba Group Holding, in the latest patent-infringement case involving technology companies.

In ‘Brexit’ Vote, Britons Pick Corporate Winners and Losers
Airlines and car makers are likely among the corporate losers if sterling’s steep drop after the U.K. vote to leave the EU is sustained. Liquor and luxury-goods companies might benefit.

U.S. Consumers Less Optimistic in June
U.S. consumers grew less optimistic in June—with the University of Michigan consumer sentiment index falling to 93.5 from May’s 94.7— suggesting spending could slow in the next year.

Hilsenrath’s Take: ‘Brexit’ Vote Means More Fed Delay
Market mayhem and the strengthening U.S. dollar following Britain’s decision to leave the European Union make it increasingly likely the Federal Reserve will delay plans to raise short-term interest rates, WSJ’s Jon Hilsenrath writes.

Macy’s New Chief Seeks to Reshape Ailing Retailer
Jeff Gennette, who is taking over as the chief executive of Macy’s early next year, is stepping into the role at a time of tremendous upheaval for the industry.

Companies Scramble to Assess Vote’s Impact
Britons’ vote to leave the EU sent executives scrambling to assess the short- and long-term impact, as they watched the pound tumble and their own shares plunge.

U.S. Durable-Goods Orders Fell 2.2% in May
Orders for long-lasting factory goods fell broadly in May, a sign that U.S. business investment in new equipment remained soft this spring.

IAG Issues Profit Warning After U.K. Votes to Leave EU
International Consolidated Airlines Group SA, which owns British Airways and Iberia, on Friday issued a profit warning after the U.K. voted to leave the European Union.

Wall Street’s Enthusiasm for Tesla Cools