Bloomberg Wal-Mart Stores Inc.’s increasing reliance on e-commerce to fuel sales comes at a time when Amazon.com Inc. is tightening its grip on the American consumer, making it a risky gambit. Wal-Mart told investors it would pull back on the number of new stores it was opening and instead invest some of that money into online operations. It’s a …

  Bloomberg It’s rarely a good sign when you become the butt of jokes. But that’s what happened to Pratt & Whitney at an industry gathering recently, when John Leahy, the venerable chief salesman of Airbus Group SE, went on about a futuristic airplane — with an engine that “no doubt will be delivered late.” While the audience was amused, …

Bloomberg China released guidelines for reducing corporate debt while also saying that the government won’t bear the final responsibility for borrowing by companies, the latest sign that policy makers are stepping up their fight against excessive leverage. The State Council, China’s cabinet, issued guidelines for reducing corporate debt and for how banks may swap bad debt to equity. At the …