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.
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.