Bloomberg GameStop Corp., the video-game retailer, agreed to sell its AT&T wireless stores to Prime Communications LP for $700 million, exiting a business that the company once viewed as a key source of future growth. The sale of Spring Mobile, with 1,289 stores, is expected to close by the end of January, Grapevine, Texas-based GameStop said. Proceeds from the sale …

Bloomberg Black Friday is increasingly an online shopping event, and that’s not necessarily a good thing for legacy retailers, some of which found themselves falling behind during America’s annual spending spree. Chains have decades of expertise filling stores with mountains of televisions and bathroom towels while coming up with doorbuster deals to lure the masses. But e-commerce isn’t yet the …

Bloomberg United Technologies Corp. secured approval in China for its $23 billion purchase of aerospace supplier Rockwell Collins Inc., clearing the final hurdle to complete a megadeal that was reached more than a year ago. Rockwell’s shares jumped as much as 9.4 percent, the most in 7 years, on Friday, and United Technologies gained 3 percent. The decision, posted on …