A Milan court has convicted the designers Domenico Dolce and Stefano Gabbana of tax evasion. The court sentenced them both to one year and eight months in jail.
Eastman Kodak reached a deal, subject to bankruptcy-court approval, that would allow it to repay some creditors in cash instead of equity in the company.
Swedish fashion retailer Hennes & Mauritz, nagged by the stagnant European market, is intensifying its push into China and the U.S., with plans to launch a U.S. online shopping presence after long delays.
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.
Men's Wearhouse terminated founder George Zimmer from his position as executive chairman. A reason wasn't given. Mr. Zimmer is well known from TV commercials, with his line "You're going to like the way you look—I guarantee it."
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.
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.
