Inversions Push Falls to Treasury's Tax Man

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Mark J. Mazur, the Obama administration's point man in the effort to deter U.S. companies from restructuring overseas to avoid taxes, is a career government economist known for his loosened neckties, Pez dispensers and sweeping grasp of the U.S. tax code.

DEA Restricts Narcotic Pain Drug Prescriptions

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The Obama administration moved to restrict prescriptions of the most commonly used narcotic painkillers in the U.S., with the DEA saying it would put hydrocodone combination drugs in the category reserved for medical substances with the highest potential for harm.

Will the grocery chain Market Basket survive as we know it?

Luxottica to Discuss Possible CEO Exit With Board

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The world's largest eye wear maker, Luxottica, said it would discuss the possible departure of Chief Executive Andrea Guerra at its next board meeting.

Shopper Malaise Hangs Over Target

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Target cut its outlook for the second time this year as traffic at its stores fell again, even though the discounter ramped up promotions to bring shoppers in.

Family Dollar Rejects Dollar General Bid

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Family Dollar rejected a $9 billion takeover offer from rival Dollar General, pointing to antitrust concerns and reaffirmed its support for its deal with Dollar Tree.

Ahold Profit and Sales Pressured

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Dutch retailer Royal Ahold reported a 29% fall in second-quarter profit as fierce competition and a weaker U.S. dollar continued to weigh on margins and sales.

Saint Laurent Bets on Rock-Star Style

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Hedi Slimane is opening a Los Angeles store that will be the brand's largest, unseating the Paris flagship and continuing a shift in focus toward L.A.'s chic cultural scene.

Mexico Curbs Junk-Food Ads

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Mexican authorities are restricting food marketing to children on television and in movie theaters, part of an attack plan against rising health problems as Mexicans get fatter.

Brazil's Anatel Will Hold Airwaves Auction on Sept. 30

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Brazil's telecommunications regulator, Anatel, announced it will hold a public auction of 4G wireless airwave licenses on Sept. 30.

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