IBM Unveils Servers With New Chips

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IBM unveiled the first computers based on its latest microprocessor chips, the technology behind a high-stakes effort to help revive IBM's sagging hardware business and take sales from Intel.

Pure Storage Boosts Lofty Valuation

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Pure Storage, which is trying to remake corporate-data storage with technology that originated in smartphones, is joining the world's most richly valued startups.

More Victims Seek to Bar GM From Skirting Liability

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More accident victims are protesting General Motors' use of its 2009 bankruptcy sale to shield it from liability related to an ignition-switch defect, telling a judge GM should be "held accountable for its egregious wrongdoing."

Cracker Barrel Holders Reject Biglari's Proposals

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Cracker Barrel Old Country Store's shareholders overwhelmingly rejected two nonbinding proposals put forth by activist investor Sardar Biglari, the company said, pointing to preliminary results from Wednesday's special meeting.

Group Led by Lawrence Ho to Raise Stake in Russian Casino Project

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A consortium backed by Lawrence Ho agreed to raise its stake in a casino project on the outskirts of Vladivostok to 85%, as the gambling mogul expands his empire beyond Macau and into far eastern Russia.

Light Goes Out on U.K. Coal Industry

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The British coal industry is on the point of fizzling out, following the planned closure of two of its three remaining deep mines in northern England. Among the beneficiaries: Russian exporters of the commodity.

Primark to Expand in U.S.

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Primark, a clothing chain whose formula of fashionable looks at rock-bottom prices has proved a hit with U.K. shoppers, plans to open its first U.S. store in the former Boston home of the original Filene's Department Store.

Clearlake Capital Cleared to Buy Ashley Stewart

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A bankruptcy judge on Wednesday cleared distressed investor Clearlake Capital Group to acquire plus-size women's clothing retailer Ashley Stewart out of its Chapter 11 case.

Facebook's Oculus Purchase Gets FTC OK

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Facebook's purchase of virtual-reality headset maker Oculus VR has secured Federal Trade Commission approval.

Global Drug Industry Does About-Face

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After decades of broadening their drug portfolios through acquisitions, pharmaceutical companies are reversing course to focus more narrowly on what they think they can do best.

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