Wal-Mart to Launch Money-Transfer Service

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Wal-Mart is trying to shake up the money transfer industry with a new service that undercuts Western Union and MoneyGram with lower and simplified fees.

Weibo Shares Jump 19% in Trading Debut

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China's version of Twitter, Weibo, surged as much as 44% on its first day on the Nasdaq, a reversal from the stock's lackluster pricing.

Top Hedge Funds Take Hit on Tech

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A tough winter is turning into an ugly spring for top hedge funds, as a tendency to cluster into the same trades is stinging many star managers.

Ford to Sell Lincoln Models in China

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Ford said it would sell five U.S.-made Lincoln models by 2016, offering new details of its plans to pitch its premium cars to Chinese buyers who now equate luxury with German vehicles.

Gillette's New Weapon in Razor Arms Race

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P&G is preparing to roll out its latest weapon in the fight for men's faces—a razor featuring a swiveling ball-hinge that allows the blade to pivot and comes with a high-end price.

McDonald's to Give China Restaurants a Makeover

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McDonald's is aiming to beef up its image in China with an overhaul of some restaurants in big cities and commercials featuring basketball star LeBron James.

Microsoft Sells Over 5 Million Xbox Ones

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Microsoft said it has sold more than five million Xbox One consoles to retail shops since the product was launched in November.

LendingClub Raises Fresh Capital

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LendingClub has raised a fresh round of money valuing it at $3.8 billion, as it completes a major acquisition and moves closer to a potential initial public offering.

BlackRock Profit Climbs 20%

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The world's biggest asset manager posts a first-quarter profit topping analysts' estimates, as revenue increases and assets under management rise.

What's Barnes & Noble's Survival Plan?

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Barnes & Noble Chairman Leonard Riggio again trimmed his holdings in the struggling book seller, fueling questions about the retailer's prospects. Shares fell 12%.

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