Staples said quarterly profit fell 9.2% as the office-supplies retailer's North American and European same-store sales continued to weaken.

A team of former Las Vegas Sands executives with experience in Macau has been chosen to manage the gambling operations of a $3.5 billion resort in the Bahamas.

Wal-Mart named Dan Bartlett, a former adviser to President George W. Bush, to head its corporate and government affairs. He will succeed Leslie Dach, who led the retail giant's decadelong push to remake its corporate image.

Microsoft unveiled a reinvented Xbox game console that demonstrated the software giant's most aggressive play yet for control of consumers' living rooms.

Pearson's book publishing business, Penguin Group, has agreed to pay $75 million to settle a dispute in the U.S. over the way it priced electronic books, drawing to a close an investigation into the publishing industry's e-book pricing tactics.

Samsung is stepping up investments to beef up its mobile business, this time taking a 10% stake in local handset maker Pantech.

The market for bonds backed by a single loan on commercial real estate is booming for the first time since the financial crisis.

It is rare for an investment firm to be charged under the Racketeer Influenced and Corrupt Organizations Act, a powerful legal tool used against the Mafia and drug gangs.

Pfizer plans to shed its majority stake in animal-health company Zoetis, continuing Pfizer's efforts to its hone its focus on drugs and vaccines for humans.

The chief executives of eight leading energy utilities criticized the European Union's political leaders for the bloc's fragmented energy policy, calling for a more favorable market environment to encourage investment in energy infrastructure.