American Apparel said it officially terminated the employment of Chief Executive Dov Charney and has named veteran fashion executive Paula Schneider as his successor.
Europe’s struggle to avoid a slide into deflation suffered a setback in November, as consumer prices across the European Union’s 28 members rose at the slowest annual pace in five years.
After years of allowing nearly uninterrupted gains in the yuan, China is growing more willing to let it depreciate modestly while seeking to add flexibility to its trading.
General Mills said its sales fell in the most recent quarter amid continued weakness in the U.S. food industry and slowing growth in emerging markets.
Philips is buying U.S. medical-imaging company Volcano for around $1 billion as the Dutch technology company moves to further bolster its presence in the increasingly competitive health-care equipment sector.
GE warned its profits next year could be hurt by the plunge in oil prices, a new hurdle for CEO Jeff Immelt in his efforts to wring more growth out of the conglomerate’s industrial operations.
U.S. prosecutors are close to a deal with Alstom that would require the French engineering giant to pay about $700 million, more than any past deal, to settle a foreign bribery probe.
A jury ruled in favor of Apple on Tuesday in a class-action lawsuit that accused the technology giant of violating antitrust laws by suppressing competition for its iPod music players.
Jamestown Properties is bringing a formula to Atlanta that it honed in New York, San Francisco and elsewhere: converting massive industrial buildings into fashionable, mixed-used addresses.
The ruble’s sharp fall —and the possibility of drastic Russian government action to address it—deepened concerns for European firms that depend on Russia for sales, raw materials or manufacturing.