Dish Network said it won't submit a new offer for Sprint Nextel by its Tuesday deadline, a move that appears to clear the way for the third largest U.S. wireless carrier to be bought by SoftBank of Japan.

Smithfield Foods's CEO could receive more than $46 million in merger-related payments after helping to orchestrate his company's sale to China's Shuanghui for $4.7 billion.

Swedish fashion retailer Hennes & Mauritz is expanding its online sales channels to include several new countries in 2014, as second-quarter net profit fell more than analysts had expected.

Alcatel-Lucent plans to rework its balance sheet and significantly tighten its focus to a handful of core businesses, in an effort to return the telecommunications-equipment maker to profitability, the company said.

A Boeing 787 Dreamliner operated by United Airlines on a flight from Denver to Tokyo made an unscheduled landing in Seattle because of an apparent problem with an engine oil filter. There was no fire.

Carl Icahn called for Dell to launch a tender offer for up to $16 billion of its shares, and he also bought about 72 million shares, making him the second-largest holder in the company.

Wal-Mart is creating a vast new logistics system that includes building warehouses for Web orders, but also uses workers in stores to pack and mail items to customers.

The growing popularity of electronic cigarettes has divided regulators and antismoking activists just as Europe gets ready to tighten its tobacco laws.

The publisher of the hit mobile game "Candy Crush Saga" has hired banks to pursue a U.S. initial public offering, according to people familiar with the move.

Two of the largest independent U.S. high-frequency-trading firms are in early merger discussions, as a downturn in trading opportunities has spurred cutbacks and tie-up talks among rivals