Chicago's business barometer beat forecasts in July, reaching 57.6 and extending its expansion streak. The details, however, were mixed.

Deerfield-based Baxter says its turnaround is gaining traction after strong second-quarter results and a higher full-year outlook.

Thoma Bravo has backed down in a lender standoff over a roughly $5 billion Proofpoint loan, putting fresh pressure on private-equity software financing.