Wal-Mart Eyes Online China Growth

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As Alibaba courts investors for a highly anticipated IPO next month in the U.S., Wal-Mart is busy trying to win over online shoppers in the Chinese e-commerce company's backyard.

Abercrombie to Remove Logos From Most Clothing

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Abercrombie & Fitch will cease putting its logo on its clothing sold in North America by the spring of 2015, the teen retailer said, responding to customers who have been avoiding such identifiers.

All That Glitters Not Gold For Acquisitive Miner Independence

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Independence Group NL, one of Australia's newest gold producers, says the stars are aligning for it to make new acquisitions—in zinc and nickel mines—as the shine comes off global commodity prices.

Google Testing Delivery Drones

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Google's advanced-research lab said it is developing a system of drones to deliver goods. Rival Amazon.com is also testing delivery drones, and Domino's tested delivering pies via drone in 2013.

Russia Shuts Eight McDonald's Restaurants

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The number of McDonald's restaurants shut down by Russia's consumer regulator continues to rise as tensions between Moscow and the West grow.

Big Lots Profit Beats Views

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Big Lots Inc. said its fiscal second-quarter profit topped its expectations as the company posted higher sales.

Twitter to Open Indonesia Office

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Twitter plans to open an office in populous Indonesia in the next three to six months, an executive said, highlighting the importance of fast-growing emerging markets as the company seeks future growth.

Sprint to Sell Next Sony Xperia in U.S.

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Sprint will sell Sony's next Xperia handset in the U.S. as part of a strategy to broaden its lineup of smartphone offerings to limit customer flight, a person familiar with the matter said.

Saab Auto Owner Seeks Bankruptcy Protection

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The Chinese-backed company that bought Sweden's Saab Automobile out of bankruptcy filed its second petition for bankruptcy protection with a Swedish court.

China Weighs Gas Tax to Aid Electric-Car Effort

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China is weighing a new tax on gasoline to fund efforts to make electric cars more palatable to consumers, according to the chairman of electric-car maker BYD.

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