Retailer Tesco has chosen Asian private-equity firm MBK Partners as the preferred bidder to buy its South Korea retail operations, in a deal that could be worth up to $7 billion.
A string of messy market openings in recent weeks has reinvigorated a debate about ‘Rule 48’ and the relative effectiveness of humans in the stock trade.
Keila Ravelo, a lawyer who is at the center of a controversy surrounding a record-setting $6 billion antitrust settlement, acknowledged that she received confidential information from a rival lawyer to advise her client.
U.S. worker productivity grew much more than initially thought in the second quarter—at a 3.3% clip—reflecting a bounce back in economic activity following a slow start to 2015.
Private-sector payrolls in August expanded at a more modest-than-expected clip, adding 190,000 jobs, according to an employment survey.
Lego said its 31% jump in first-half profit and 23% rise in revenue was fueled by strong sales of its Ninjago and Elves sets, but also by the weakness of the Danish krone and the euro.
Michael Bell will become chief executive of Silver Spring Networks and spearhead efforts to diversify into technology for the “Internet of Things.”
Ahead of the Tape: Pressure on crude-oil demand may rise as driving season ends and U.S. refineries approach turnaround season.
Despite the stumble in stocks, auto sales were strong last month. That should reassure the Federal Reserve on consumers’ ability to weather market turmoil.
Just because Apple may be getting into original content doesn’t mean it can make good shows.