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 ...

Bloomberg Airbus SE is hiring staff to help develop a proposed new narrow-body jet and a revamped version of its latest A350 wide-body, both due to be powered by a new generation of engine from the middle of next decade. The company is recruiting designers and engineers in Toulouse and Madrid to work on the short-haul model, as well as ...

Bloomberg Boeing Co. was slapped with two more lawsuits this week by relatives of the victims of a Lion Air jet that plunged into the Java Sea with 189 people on board almost a month ago. One of the lawsuits filed by Kabateck LLP on behalf of Dayinta Dyah Anggana, whose 54-year-old mother, Nurul Dyah Ayu Sitharesmi, was among the ...

Bloomberg The US government is contacting key allies to get them to persuade telecommunications companies in their countries to avoid using equipment from China’s Huawei Technologies Co., the Wall Street Journal reported. Officials from the US have reached out to counterparts and executives in countries including Germany, Italy and Japan about perceived cybersecurity risks, the Journal said, citing unidentified people ...

Bloomberg Terry Gou, chairman of iPhone-assembler Foxconn Technology Group, said his company’s business will remain strong at least until January amid growing concern over cooling demand for Apple’s flagship product. “Our business is very good up till at least January,” Gou said in an interview outside a polling station in Taipei, before voting in local elections. He didn’t elaborate on ...

Bloomberg A consortium including Thailand’s Minor International Pcl is considering an investment of about $350 million in Indian hospitality firm Hotel Leelaventure Ltd., according to a person with knowledge of the matter. The proposed bid, which is also backed by investment firm Trinity White City Ventures, includes a mix of equity and debt, the person said. The consortium would end ...

Bloomberg Mangal Prabhat Lodha, the founder of Lodha Group and a lawmaker representing India’s ruling Bharatiya Janata Party, has become the nation’s richest real estate developer after the company’s sales increased 22 percent. Lodha’s wealth is estimated at $3.8 billion, according to the GROHE Hurun India Real Estate Rich List. Lodha, who started the real estate business three decades ago ...

Bloomberg Farmers in Vietnam are coming across a worrying phenomenon: Coffee fruits empty of beans. Several areas in the world’s biggest grower of robusta coffee have reaped fruits that have no beans inside or where beans are smaller than usual. The empty cherries are most common in Gia Lai province in the north, which normally provides about 15 percent of ...