Wal-Mart is creating a vast logistics system that includes building warehouses for Web orders, but also uses workers in stores to mail items to customers.
New York financier Leon Black was the mystery buyer of a $47.9 million Raphael drawing auctioned by Sotheby's London last December, according to several people familiar with the matter.
A Milan court has convicted the designers Domenico Dolce and Stefano Gabbana of tax evasion. The court sentenced them both to one year and eight months in jail.
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Chrysler agreed to recall about 1.56 million Jeeps to address consumer concerns, documents released on Wednesday indicated, even as it denied the vehicles have defects that render them unsafe to passengers in rear-end collisions.
General Motors is sticking to a goal of quadrupling its share of the Chinese market for luxury vehicles by the end of this decade even as it acknowledged a slowdown in the market and increasing risks there.
Swedish fashion retailer Hennes & Mauritz, nagged by the stagnant European market, is intensifying its push into China and the U.S., with plans to launch a U.S. online shopping presence after long delays.
Dish Network said it won't submit a new offer for Sprint Nextel by its Tuesday deadline, a move that appears to clear the way for the third largest U.S. wireless carrier to be bought by SoftBank of Japan.
