Australia’s BHP Billiton won the bidding to join with Mexican state oil company Petróleos Mexicanos in the Trion oil field in the Gulf of Mexico, in the first award of several auctions of deep-water oil blocks.
Amazon.com unveiled its first small-format grocery store, Amazon Go, one of at least three brick-and-mortar formats the online retail giant is exploring as it makes a play for an area of shopping that remains stubbornly in-store.
Italy’s rejection of constitutional reform and the resignation of Prime Minister Matteo Renzi are far from being a Brexit-style shock. Markets got this one right. But even more political uncertainty is the result.
Under Armour struck a sponsorship deal with Major League Baseball that will put the company’s logo on the front of a major professional sports uniform but will give most revenue from jersey sales to another company.