New United CEO Is Hospitalized After Suffering Heart Attack

Oscar Munoz, the new chief of United Continental, has suffered a heart attack and is being treated at a Chicago hospital, a person familiar with the matter said.

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Luxury Alcohol Sales Grow in China

Sales of expensive alcohol took a hit in China in 2012, when President Xi Jinping took aim at boozy banquets. Now, cognac and wine sales are growing, indicating that luxury consumption may be on the way back.

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Consumer Confidence Climbs in October

Consumer confidence improved in October, suggesting Americans are brushing off financial market volatility and economic troubles abroad.

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U.S. Industrial Production Falls 0.2%

U.S. industries scaled back production in September as a weak global economy continued to suppress demand for American-made goods.

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Alibaba Offers to Buy Video-Streaming Service Youku Tudou

Alibaba said it offered to acquire all the shares of Chinese video-streaming service Youku Tudou it doesn’t already own, in a major bet on offering services outside its core e-commerce platforms.

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VW Sales Hold Up in Immediate Aftermath of Emissions Scandal

European new car sales data for September showed Volkswagen weathered the initial storm in the two weeks following the emissions scandal that forced it to lower earnings estimates, take a $7.4 billion charge and change its CEO.

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Carrefour Sales Boosted by Europe

French retailer Carrefour reported a rise in sales for the third quarter, boosted by a strong performance in its key European markets, including France and Spain

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