Shanghai / Bloomberg An anti-counterfeit group suspended the membership of Alibaba Group Holding Ltd., one month after the Chinese Internet giant joined, after questions were raised about conflicts of interest involving the coalition’s president and complaints from some members. The International AntiCounterfeiting Coalition, a nonprofit global organization that fights counterfeit products and piracy, created a new membership category in April ...

  Washington / Bloomberg Wal-Mart Stores Inc. directors got a Delaware judge to throw out investors’ claims they bungled the handling of a probe into alleged bribes paid to facilitate Mexican real-estate deals, wiping out the majority of lawsuits over the scandal. Disgruntled Wal-Mart shareholders accusing the retailer’s board of covering up the bribery scheme can’t re-litigate their claims over ...

  London / AFP Tesco said that it rebounded into slender annual net profits on strong sales, after a vast property writedown and challenging home trade sparked a record loss the previous year. The troubled British supermarket giant revealed that earnings after taxation stood at £138 million ($197 million, 172 million euros) in its 2015/2016 financial year, which ran until the ...