Bloomberg Hudson’s Bay Co. is in early stage talks with Macy’s Inc. about a possible takeover of the struggling department-store chain, according to a person familiar with the matter. Discussions are preliminary, and a full takeover may not be the only option on the table, the person said, asking not to be identified as the details aren’t public. A ...

  Bloomberg China’s Alibaba Group Holding Ltd. will lead a $200 million round of investment in newly established Indian online retailer Paytm E-commerce Pvt, a person familiar with the matter said. The investment by Alibaba and private equity firm SAIF Partners values the company at $1.1 billion, said the person, who didn’t want to be identified talking about a private ...

  Bloomberg Amazon.com Inc. will spend big in the coming months on warehouses, movies, gadgets and growth into India, renewing investor concerns that Chief Executive Officer Jeff Bezos cares more about generating revenue far in the future than turning a profit now. The company will double-down on its delivery system that gets products quickly into the hands of its customers. ...

  London / DPA Sitting in a room full of maps, Paul Defendi and Tommy Bartram ask each other over and over again the quickest way from A to B. Trance-like, they recite the names of streets and check the length of routes with a piece of string. The pair are students at London’s Knowledge Point, where they’re studying to ...

  Tijuana / DPA Hector Barajas was 17 years old when he joined the US Army. Born in Mexico, he crossed the border illegally when he was just a child. He was able to join the military after obtaining legal residency in the United States. “When I enlisted they promised me that if I served the United States they would ...

  Bloomberg Axeon Specialty Products LLC is shuttering the US largest asphalt refinery when the country might need it the most. The Stamford, Connecticut-based company announced last month it plans to close its Paulsboro, New Jersey, refinery, and convert it into a terminal. The planned shutdown comes as President Donald Trump has pledged to build new roads, highways and bridges ...

  Bloomberg Oil capped a third weekly gain as the US imposed fresh sanctions on Iran after a missile test and OPEC reached about 60 percent of its output-cut target. Futures climbed 0.5 percent in New York. The new restrictions were announced as President Donald Trump seeks to punish Tehran for its ballistic missile program after warning the Islamic Republic ...

  Bloomberg Williams Cos. won US approval to build its $3 billion Atlantic Sunrise natural gas pipeline expansion in the Northeast, ending a review that ran almost two years and forced delays in the project. The 200-mile (322-kilometer) pipeline will expand shipments from shale formations by enough to serve 7 million homes, according to Williams. The Federal Energy Regulatory Commission ...

  Bloomberg Vivint Solar Inc. is getting back to its roots. This time last year, the Blackstone Group LP-backed rooftop solar installer was trying to close its proposed acquisition by SunEdison Inc., then the world’s largest clean-energy company. Now, 11 months after that deal fell apart, it’s again partnering with sister company Vivint Smart Home. Chief Executive Officer David Bywater ...

  Bloomberg The $3.8 billion Dakota Access crude oil pipeline may start operating June 1, assuming no new obstacles prevent it, according to a person familiar with the matter. Energy Transfer Partners LP, the developer of the pipeline, will begin filling it with oil around February 15, barring complaints or legal action to stop it, said the person, who asked ...