Bloomberg Toys ‘R’ Us’s fired workers last week won the right to negotiate for severance money in bankruptcy court, in an unusual victory. They may end up getting nothing. Before much money can be paid to the retailer’s 33,000 former employees, senior lenders need to collect about $1 billion. For now, the staffers can try to tap a pool of ...

Bloomberg Alibaba Group Holding Ltd.’s food delivery platform Ele.me plans to spend $443 million this quarter trying to wrest customers from Meituan Dianping. Ele.me wants to command more than half of all food delivery transactions in China over the short- to medium-term, according to Chief Executive Officer Wang Lei, who took the reins after Alibaba acquired the startup this year. ...

Bloomberg The bruising telecommunications price war unleashed by the entry of India’s richest man into the sector may continue for at least a year or as long as it takes Reliance Jio Infocomm Ltd. to nearly double its user base. Ambani’s telecom unit “will strive to double subscribers to 400 million before raising prices,” Kunal Agrawal, a Hong Kong-based analyst ...