GAZA/JERUSALEM - Israel won a partial reprieve from the economic pain of its Gaza war with the lifting of a U.S. ban on commercial flights to Tel Aviv, while continued fighting pushed the Palestinian death toll over 700. Full Article | Video
ALGIERS - An Air Algerie flight crashed on Thursday en route from Ouagadougou in Burkina Faso to Algiers with 110 passengers on board, an Algerian aviation official said.
DETROIT - General Motors Co reported a much lower second-quarter profit on Thursday due to numerous recalls and the expected cost of at least $400 million for a compensation fund for those killed or injured by a defective ignition switch linked to at least 13 deaths.
DEARBORN Mich. - Ford Motor Co reported second-quarter operating earnings that beat expectations thanks to record profit in North America, boosting its shares more than 1 percent in early trading.
LOS ANGELES/NEW YORK - Chase Carey, Twenty-First Century Fox's president and COO, may be feeling pressure to stay in his job for several more years both from his boss, Rupert Murdoch, and from the company Murdoch is trying to buy, Time Warner. Full Article
A knee-jerk statement to quell noise about the future of the chairman and CEO makes the StanChart board look rattled says Breakingviews. It lacks alternatives to repeat HSBC’s dual change from 2010.
Israeli forces pound Gaza, meeting stiff resistance from Hamas militants, as U.S. Secretary of State John Kerry says ceasefire talks have made some progress. Video