Clothing chain Men's Wearhouse terminated its founder and public face, George Zimmer, from his position as executive chairman. Mr. Zimmer said he was being silenced after expressing concerns about the retailer's direction.
FedEx's earnings were weighed down by restructuring charges in the latest quarter, and the shipping company reined in expectations amid weakness in its international priority business.
Microsoft was recently in advanced discussions with Nokia about a purchase of the Finnish company's device business, in a marriage that could have reshaped the mobile-phone industry.
Manchester United's parent company plans to drive margins above 30% by splitting some of its global sponsorship deals into regional packages, leveraging the English football club's global fan base.
Wal-Mart is creating a vast logistics system that includes building warehouses for Web orders, but also uses workers in stores to mail items to customers.
New York financier Leon Black was the mystery buyer of a $47.9 million Raphael drawing auctioned by Sotheby's London last December, according to several people familiar with the matter.
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Chrysler agreed to recall about 1.56 million Jeeps to address consumer concerns, documents released on Wednesday indicated, even as it denied the vehicles have defects that render them unsafe to passengers in rear-end collisions.
General Motors is sticking to a goal of quadrupling its share of the Chinese market for luxury vehicles by the end of this decade even as it acknowledged a slowdown in the market and increasing risks there.
