Retailers are trying to figure out ways to profitably serve online shoppers while making their network of stores less of a financial burden. Home Depot, for example, is targeting sales growth of nearly 15% by 2018, but wants to keep inventory levels flat or slightly down.
General Electric Co. has struck three agreements to sell the bulk of its U.S. restaurant loan portfolio as the industrial conglomerate continues to unwind its financial arm to focus on high-tech products, like jet engines and power turbines.
The European Union’s competition watchdog has signaled it is preparing to issue a fresh set of formal antitrust charges, possibly before August, against Google over abusing its dominance in advertising, according to people familiar with the matter.
Britain’s vote to leave the European Union casts a shadow over the global economy. How deep a shadow depends on how the rest of the world responds, which will be driven by politics, not economics, Greg Ip writes.
The State Department intends to hold “informal, technical discussions” with the United Arab Emirates and Qatar next month about a dispute over Persian Gulf airlines’ funding and access to the U.S. market.