Sotheby’s CEO William F. Ruprecht is leaving, months after hedge-fund activist Dan Loeb and several others joined the auction house’s board.
Teen retailer Abercrombie & Fitch said it has signed a franchise agreement, the first in the company’s history, with Grupo AXO to bring its namesake and Hollister brands to the Mexican market.
Volkswagen said it would boost capital investment to $107.3 billion over the next five years, raising concern that fixed costs are spinning out of control.
Carnival and Italian cruise ship-building company Fincantieri are exploring the possibility of a joint venture in China to support the growth of the industry in that market.
China Overseas Shipping Group’s investment in the port of Piraeus outside of Athens ranks as one of the most successful Greek privatizations in recent decades.
The quality chief of the Japanese auto-parts supplier at the center of a massive auto recall said it first learned of air bag problems in May 2005 but didn’t start its investigation or warn car makers until two years later.
Federal authorities are investigating whether casino operator Wynn Resorts violated money-laundering laws, according to people familiar with the matter.
Italy’s Enel has raised $3.91 billion from the sale of a large stake in its Spanish power utility Endesa to institutional and retail investors.
George Soros’s investment firm is placing $500 million with Bill Gross, a stamp of approval for his new venture at Janus Capital.
Thousands of people struggling to pay back student debt are in line to get a break as two big lenders roll out programs to ease loan terms.