Costco shares should continue to suffer under the weight of competition from Amazon.com and others.
BlackBerry Ltd. said it would outsource the making of handsets and instead focus on developing secure software and services.
BlackBerry’s exit from handsets puts all hope on software, where competition is fierce.
A deal would give Flipkart a powerful partner in its battle against Amazon to become the dominant online retailer in India.
Soup and sandwich chain Cosi Inc. has filed for chapter 11 protection, with plans of selling itself to lenders.
This year’s weak capital spending figures are at odds with the strength in U.S. hiring.
Saudi Aramco—the world’s biggest oil company heading toward the world’s biggest public offering—has been largely walled off from Westerners, but a select group of Americans have a unique insider perspective: its retirees.
Federal Reserve Chairwoman Janet Yellen said there is “no fixed timetable” for raising interest rates as the economy continues its recovery, in testimony before the House Financial Services Committee.
Columnist Li Yuan writes that Tencent’s WeChat messaging platform wants to become a one-stop app that users would rarely have to leave to use other mobile apps.
National Amusements, the controlling shareholder of Viacom and CBS, is set to call for the media companies to consider a merger, according to a person familiar with the matter.