Costco Names Citi, Visa as Credit Partners

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Costco named Citigroup and Visa as its new credit partners, replacing American Express as the exclusive network at its stores beginning in April of next year.

Buffett's Successor: A Jain and Abel Story

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Ajit Jain, who runs Berkshire Hathaway’s reinsurance business, and Greg Abel, who runs the conglomerate’s energy business, have emerged as favorites to succeed Warren Buffett as CEO.

Ports Get Creative as Cargo Piles Up

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Southern California ports are thinking about ways they can speed things up after a labor dispute contributed to near gridlock in their operations. Cargomatic, a sort of Uber for cargo, is one solution.

Norfolk Southern Names Squires New Chief Executive

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Norfolk Southern named company President James A. Squires its next chief executive as part of the railroad operator’s succession process.

RWE to Proceed With North Sea Gas Deal

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German utility RWE and an energy-investment fund led by Russian billionaire Mikhail Fridman signaled that they would proceed with a $5.6 billion deal for oil-and-gas fields over the U.K. government’s objections.

European Banks Draw Scrutiny Over Reciprocity

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Behind the scenes in Europe, banks regularly dole out lucrative work to their competitors, partly based on how much business they will receive in return.

Marks & Spencer Shifts China Strategy

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British food and clothing retailer Marks & Spencer is changing its growth strategy in China, culling stores around Shanghai while planning to set up shop in Beijing and Guangzhou later this year.

HarperCollins Buys Series from "Divergent" Author

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HarperCollins Publishers has purchased a two-book deal from “Divergent” series author Veronica Roth.

Teva Sells Pennsylvania Facility

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Teva Pharmaceutical Industries Ltd. has agreed to sell its Pennsylvania facilities to G&W Laboratories Inc. as part of the Israeli company’s cost-reduction program.

Renault Testing Self-Driving Car Technology -- Mobile World

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Renault SA is testing technology to launch an autonomous vehicle that can drive around busy city streets and reduce the number of accidents on the roads.

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