Bloomberg Dollar General Corp. is feeling the pressure as grocery competition heats up. Shares of the dollar-store chain fell the most in more than two months after it reported a tighter gross margin in the second quarter. Deeper discounts and steeper pay for managers contributed to the profit squeeze. The company also is grappling with rising occupancy costs and a ...

Bloomberg The chief executive officer-elect of South African Airways is making it his first priority to convince banks that the state-owned carrier’s new leadership is committed to stemming five straight years of losses and repaying its debt. Lenders and other stakeholders need to be assured that “there is a plan that is plausible for SAA,” Vuyani Jarana said in an ...

Bloomberg Sequoia Capital and IDG Capital are investing in Beijing-based Bitmain Technologies Ltd., the world’s largest bitcoin mining organisation, according to people familiar with the matter. Bitmain is raising $50 million from several venture firms to boost its profile among mainstream investors, said one of the people, who asked not to be named. Sequoia and the other firms also plan ...