Bloomberg L’Oreal SA posted disappointing sales of mass-market cosmetics, triggering a slide in the share price even as buoyant Chinese demand lifted revenue from high-end products. The French beauty conglomerate’s sales of consumer brands such as Maybelline rose at a less-than-stellar pace of 2.3 percent in the second quarter, the company said. While L’Oreal turned in a much stronger performance ...

Bloomberg The US economy accelerated to a 4.1 percent pace of growth in the second quarter, the fastest since 2014, letting President Donald Trump claim a win for his policies even though expansion is projected to cool. The annualized rate of gains in gross domestic product was just shy of the 4.2 percent median forecast in a Bloomberg survey. It ...

Bloomberg A US jury awarded International Business Machines Corp. $82.5 million after finding that Groupon Inc. infringed four of its e-commerce patents. The verdict is a boon to IBM’s intellectual-property licensing business, which last year brought in $1.19 billion for the company, holder of more than 45,000 patents. Groupon fell 7.8 percent to $4.84 in New York trading. IBM sued ...