Hiring by U.S. employers remained robust in July, if a bit slower than previous months, with a broad-based rise in payrolls extending a half-year streak of strong employment gains. The jobless rate ticked up to 6.2%.
The Federal Communications Commission has proposed banning wireless companies from teaming up to bid at next year's spectrum auction, a move that appears aimed at discouraging a Sprint bid for T-Mobile US.
Microsoft Corp. said it has sued Samsung Electronics Co., claiming its rival violated a patent-licensing contract. The dispute involves technology included in Android, Google Inc.'s operating system for mobile phones and tablets.
A former senior deal maker at Wall Street fixture Evercore Partners Inc. was sentenced Friday to 30 months in prison for his role in an insider-trading scheme. Frank Perkins "Perk" Hixon Jr. was with Evercore's mining and metals group.