Wal-Mart Dives Deeper in Banking

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Wal-Mart is trying to shake up the money transfer industry with a new service that undercuts Western Union and MoneyGram with lower and simplified fees.

American Securities Puts Prison-Phone Operator GTL on Block

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Global Tel*Link, the largest U.S. operator of prison phones, is being shopped by its private-equity owner, a move that follows a decision by federal regulators to cap the fees companies can charge for interstate inmate calls.

LinkedIn Reaches 300 Million Members

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LinkedIn said it reached 300 million members on its professional social-networking site.

GE to Sell More Businesses

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General Electric Co. is planning to sell off more pieces of its sprawling conglomerate this year as Chief Executive Jeff Immelt seeks to improve the profitability of the overall industrial operations.

Illinois Investigates Herbalife Over Consumer Complaints

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Herbalife defended its business practices after Illinois authorities said they were investigating the nutritional-supplement maker over consumer complaints.

What's Barnes & Noble's Survival Plan?

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For Barnes & Noble, a shrinking market for print books, competition from Amazon and the costs of investing in its own e-reader and tablets has made the future uncertain for the retailer as it looks for additional revenue sources.

Grid-Attack Response Ignites Critics

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Regulations drafted to prevent a repeat of last year's attack on California substation are too loose to stop saboteurs, critics say.

Senators Say IRS Fails to Audit 99% of Big Partnerships

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A group of senators is complaining that the Internal Revenue Service is failing to audit the majority of tax returns filed by big partnerships, including hedge funds and private-equity firms.

Gillette's New Weapon in Razor Arms Race

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P&G is preparing to roll out its latest weapon in the fight for men's faces—a razor featuring a swiveling ball-hinge that allows the blade to pivot and comes with a high-end price.

Chobani Plans New Yogurt Products

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The Greek yogurt maker plans to introduce desserts and savory dips this year to expand beyond basic snack cups.

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