South Korean Prosecutors Seek to Arrest Samsung Heir

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South Korean prosecutors sought an arrest warrant for Samsung heir Lee Jae-yong on allegations including bribery and embezzlement, ensnaring him in a scandal that has already led to the impeachment of President Park Geun-hye.

Wanda Group, Owned by China's Richest Man, Suffers Rare Off Year

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Billionaire Wang Jianlin’s property-to-entertainment conglomerate reported its first revenue decline in at least six years, citing a softening commercial-property market.

Lockheed Martin 'Close' To New F-35 Deal

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Lockheed Martin Corp. Chief Executive Marillyn Hewson said Friday the company was close to reaching a deal on the next batch of F-35 combat jets, remarks that followed another meeting with President-elect Donald Trump.

How Electric Vehicles Could End Car Ownership as We Know It

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Prepare for a Cambrian explosion of electric vehicles—scooters and other “rideables” that will speed up the adoption of self-driving technology and turn transportation into a service, Christopher Mims says.

France's Essilor to Merge With Italy's Luxottica to Create Eyewear Giant

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French optical-lens maker Essilor said it would merge with Luxottica, the Italian maker of Ray-Ban glasses to create an eyewear giant with a market value of almost $50 billion.

SpaceX Launches Rocket With 10 Iridium Satellites

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Space Exploration Technologies Corp. successfully launched its Falcon 9 rocket, rebounding from a catastrophic accident in September.

To Win Back Customers, Fashion House Fendi Thinks Small

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The Rome-based house has regained its buzz with new products such as straps, pompoms and bag charms geared toward shoppers tired of cookie-cutter accessories.

EPA Emissions Probe Tilts Odds Against CEO's Goals for Fiat Chrysler

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Sergio Marchionne’s hopes of leading the car maker back to financial health seem remote, as the company faces accusations and the potential of billions of dollars in fines.

Renault Investigated Over Emissions

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French prosecutors said they have opened an investigation into Renault on suspicion of emissions fraud and assigned three judges to the case.

Car Buyers, Online Shoppers Lifted U.S. Retail Sales in December

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Americans splurged on cars and online shopping during the holidays, but not much else. Sales at U.S. retailers and restaurants rose 0.6% in December from a month earlier.

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