A jury in Hong Kong found Thomas Kwok, the co-chairman of one of Hong Kong’s biggest property developers, guilty in a corruption trial involving the city’s former No. 2 official, but found his brother, Raymond, not guilty.
The Game: Amazon and Wal-Mart have long been America’s main conduits for cheap, mass-produced goods from China’s factory floors. But who needs stores anymore? You can buy direct, writes Dennis Berman.
CarMax said used-car sales drove increases in profit and overall sales in the most recent period, as the company enjoyed its sixth-straight quarter of customer-traffic growth.
Finish Line Inc. lowered its earnings outlook for the year on Friday citing margin pressures, a sign sporting-apparel retailers are also feeling the impact of a weak retail environment.
Air France-KLM SA on Thursday cut its 2014 earnings outlook by $250 million, linking it to continued price weakness and the effects of a 14-day pilots strike.
Thai Union Frozen Products PCL, one of the world’s largest seafood companies, said it is acquiring U.S.-based Bumble Bee Seafoods LLC for $1.51 billion.
Airbus Group has been selected by three European countries to provide their future airborne refueling jet over a rival offering from Boeing.
BlackBerry signaled that its turnaround effort is ahead of schedule, posting a small operating profit in the fiscal third quarter and achieving positive cash flow earlier than it had targeted.
American Airlines Group said Friday that it had reached a joint collective-bargaining deal with the union representing 24,000 flight attendants.
Computer-services company Atos will buy Xerox’s information technology outsourcing business for $1.05 billion in cash, a deal that would bolster the French company’s position in the U.S.