Ford's second quarter profit swells on tax changes

DEARBORN, Mich. (AP) — Ford Motor Co. had a better-than-expected second quarter despite lower sales and upheaval in its executive ranks.

Phil Mickelson trash-talked Jordan Spieth at the Open Championship — and Phil is going to have to eat his words

Phil Mickelson is known far and wide for being one of golf's greatest champions — and one...

Duke Energy project tackles truck idling

A total of 36 electric power outlets will help trucks at the Merchants Distributors, LLC (MDI) distribution center in Hickory cut costs and lower air emissions as part of a Duke Energy $320,000 electrification project.

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ACT: Used Class 8 truck same dealer sales declined in June

Class 8 same dealer used truck sales volumes slipped slightly in June, falling 3% month-over-month, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.

“Channel analysis shows that both the auction and retail market segments saw declines, while the wholesale market improved,” said Steve Tam, vice president at ACT Research. “The decline was not totally unexpected, given the stronger than anticipated sales in May.”

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Rite Aid Corporation (RAD) Stock: Is There Life After Failed Walgreens Merger?

Walgreens and Rite Aid called off their merger but made a secondary deal instead that where WBA will buy 2,186 RAD stores for$5.2 billion. Also, Walgreens will pay Fred's, Inc. (NASDAQ:FRED) a $325 million termination fee for ending its agreement to sell the Tennessee discount retailer and pharmacy as many as 1,200 Rite Aid stores. My position on RAD stock before the merger was simple: If the sale doesn't go through for whatever reason, Rite Aid was in trouble.

Seadrill warns again of Chapter 11 as extends $14 billion debt talks

Offshore drilling contractor Seadrill (SDRL.OL) again delayed restructuring its $14 billion (£10.75 billion) in debt and liabilities on Wednesday and reiterated that Chapter 11 bankruptcy was likely. Once the biggest offshore rig firm by market value and the crown jewel in the business empire of Norwegian billionaire John Fredriksen, Seadrill shares have fallen 99 percent from a September 2013 peak. "(Seadrill) has reached an agreement with its bank group to extend the comprehensive restructuring plan negotiating period until Sept. 12," the firm said in a statement, pushing back a previous July 31 deadline and the latest of several delays.

Senate's 'repeal and replace' Obamacare vote fails 43-57

CNBC's Kayla Tausche reports the first efforts to end the Affordable Care Act fell short of the 60 votes needed to pass. Also, the House voted to approve a new sanctions package on Russia, reports Tausche.