Best Buy Co. said sales grew at the fastest rate in four years, helped by a more disciplined approach to discounting, greater investment by suppliers in its stores and strong demand for the new iPhone.
U.S. safety regulators have sent a letter to Chrysler Group’s chief executive demanding that the company “get their act in gear” on repairs to 1.56 million older-model Jeeps linked to fuel-tank fires and recalled last year.
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. Cosco’s container terminal has created 1,000 jobs, and the port is now one of the fastest-growing in the Mediterranean.
Real-estate investor CIM Group, a lender to the developers of New York’s Trump SoHo hotel and condominium, on Thursday won a foreclosure auction that will allow it to own the property, a CIM executive said.