Sony Mobile Unit Seeks Profit, Innovation

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Sony’s struggling mobile unit can’t be justified at a low profit margin and won’t tie itself to smartphones or even hardware, its new president says.

Target Revamps Groceries for Millennials

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Target has zeroed in on seven grocery categories—from granola and yogurt to candy and snacks—where it thinks it has the best chance of standing out to urban dwellers, younger families and Hispanics.

Finally: Sunlight in the Office Cubicle

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It is hard to top the sun as a light source for houses and office buildings. Several companies, including 3M and Alcoa, are introducing new products that promise to enhance natural lighting.

Fake Orders Raise Scrutiny on Alibaba

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Some merchants are using fake orders to boost their standing on Alibaba’s websites, a practice that puts the Chinese e-commerce giant at risk of further regulatory scrutiny.

Wynn Resorts Seeks to Block Elaine Wynn From Board

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Wynn Resorts is seeking to block Elaine Wynn—a major shareholder, longtime director and the ex-wife of company Chairman Steve Wynn—from its board.

Crude on Derailed Train Contained High Level of Gas

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The crude oil aboard the train that derailed and exploded two weeks ago in West Virginia, contained combustible gas exceeding the new cap that goes into effect next month.

Takata Cites Heat as Factor With Bad Air Bags

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Takata Corp. on Monday also said it is ramping up production of replacement kits for defective air bags amid widespread recalls and federal probes.

Marks & Spencer Shifts China Strategy

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British food and clothing retailer Marks & Spencer is changing its growth strategy in China, culling stores around Shanghai while planning to set up shop in Beijing and Guangzhou later this year.

Russia Agrees Ukraine Gas Spat Won't Endanger EU's Supply

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Russia and Ukraine agreed that a dispute over natural-gas deliveries to some rebel-controlled territories in eastern Ukraine won’t affect supplies to the rest of the country and the European Union.

Holders of Bonds Linked to Hypo Alpe-Adria-Bank Face Steep Losses

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A new plan to wind down the remnants of nationalized Hypo Alpe-Adria-Bank International will see owners of the banks’ debts take steep losses, Austria’s finance minister said.

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