William Morrison Supermarkets Plc , the U.K.’s fourth-largest supermarket chain, said it plans to follow Tesco Plc and complain about new advertisements by Asda, the grocery chain owned by Wal-Mart Stores Inc .
The U.K.’s Advertising Standards Authority banned a L’Oreal SA advertisement for being misleading, the second time in six months the watchdog has cracked down on ads by the world’s largest cosmetics company.
The U.S. Supreme Court agreed to take up a multibillion-dollar fight between the drug industry and federal antitrust enforcers, a case that may determine how quickly low-price generic medicines reach the market.
Paddy Power Plc fell the most in almost six months after Chief Executive Officer Patrick Kennedy said he’ll leave Ireland’s largest bookmaker after leading the way into online betting during almost a decade in charge.
Tesco Plc , the U.K.’s largest supermarket chain, said it’s cutting the price of 1,000 every- day items and shoppers who find that goods they bought were cheaper at Wal-Mart Stores Inc .’s Asda stores will get vouchers equal to twice the difference.