The Horizon ABS Fund said it made the decision when a major investor sought to leave the $650 million fund, managed by United Capital Markets. Read more..

By VIKAS BAJAJ - The New York Times

Detroit automakers’ share of the American car market fell to a record low in June, foreshadowing another summer of deep discounts, cheap car loans and deals on leases. Read more..

By NICK BUNKLEY - The New York Times

Kraft Foods, in which Nelson Peltz, an activist investor, has taken a 3 percent stake, said that it would offer $7.2 billion for the cookie unit of Group Danone. Read more..

By MICHAEL J. de la MERCED - The New York Times

The firm immortalized in “Barbarians at the Gate” filed documents for an offering that would raise $1.25 billion. Read more..

By JENNY ANDERSON and MICHAEL J. de la MERCED - The New York Times

Lukoil’s chief executive, Vagit Alekperov, bought 18.35 million shares in the company for $1.4 billion. Read more..

By BLOOMBERG NEWS - The New York Times

The company said a subsidiary had improperly obtained documents from its archrival Oracle but disputed the extent of the offense. Read more..

By STEVE LOHR - The New York Times

The French president wants an agreement to streamline the dual French-German management at Airbus’s parent company, EADS. Read more..

By NICOLA CLARK - The New York Times

One reason for the success of the Toyota Prius may be that buyers want everyone to know they are driving a hybrid. Read more..

By MICHELINE MAYNARD - The New York Times

Since Kmart acquired Sears in 2005, Sears Holdings has prospered as a company, but the sales performance of its chains has continued to decline. Read more..

By TERRY PRISTIN - The New York Times

European theme parks are drawing investors, most notably from private equity funds. Read more..

By JOHN TAGLIABUE - The New York Times