P&G Concedes Missteps in Expansion

Procter & Gamble said it would stabilize its largest, most-profitable businesses in major markets before further spending on emerging markets, where profit margins are thinner.

Macy's Makes China Move

Macy's is acquiring a minority stake in a Chinese online retailer that will sell the U.S. department store's merchandise on its website. It will pay $15 million for a stake in VIPStore, which operates the Omei.com website.

Sony, Samsung Rein In TV Discounters

Sony and Samsung Electronics are trying to force retailers to rein in discounts on televisions, a tactic aimed at preserving profit margins that may also help protect chains such as Best Buy and Target from cutthroat online competition.

• News Hub: Retailers Under Pressure

Hormel Profit Rises, Thanks to Turkey

Hormel Foods said profit rose 17%, helped by sales of fresh turkey and Mexican-food products. The meat processor's margins with pork remained thin.

Detroit's Wages Take on China's

Details Released in Gome Case

Zale Loss Narrows

Burberry Focuses on Store Space

Best Buy's Profit Falls