Primark, a clothing chain whose formula of fashionable looks at rock-bottom prices has proved a hit with U.K. shoppers, plans to open its first U.S. store in the former Boston home of the original Filene's Department Store.
Procter & Gamble's profit grew just slightly in the first three months of the year, as it struggled to expand in slow-growing markets where shoppers have cut back their spending on many everyday items.
Stryker Corp. said first-quarter earnings fell 77% as the medical device maker posted a big recall-related charge and other one-time items that masked increased sales of its knee and hip joint products.
Mexican telecommunications heavyweight América Móvil said Wednesday it will make a bid to acquire outstanding shares in Telekom Austria after reaching a shareholder pact with the Austrian carrier's largest shareholder, Österreichische Industrieholding.
The British coal industry is on the point of fizzling out, following the planned closure of two of its three remaining deep mines in northern England. Among the beneficiaries: Russian exporters of the commodity.