A competitor’s loss doesn’t always translate into a win. Dick’s Sporting Goods Inc. said that sales at established stores rose 5 percent in the most recent quarter from the year before as it picked up retail locations from now-defunct sporting goods competitors such as Sports Authority and Golfsmith. But the company also warned sales and earnings growth would slow …

  Snap, the parent company of Snapchat, has had its oversubscribed initial public offering and a big first-day pop. But if recent tech IPO history is any indication, longer-term investors are headed for a big disappointment. I’ve written before why I think Snap’s not worth its valuation ($23.8 billion at the IPO price of $17, $28.3 billion at the time …

  Bloomberg Saudi Arabia and Russia, the architects of an oil production cut that has stabilized prices, presented a united front on compliance just as rising US inventories have sparked doubts about the OPEC and non-OPEC deal. Khalid Al-Falih, the Saudi energy minister, acknowledged that global crude inventories aren’t draining as quickly as he expected, opening the door for an …