Tesco Plc, the U.K.’s largest retailer, said it will exit the U.S. and scale back domestic expansion at a cost of about 2 billion pounds ($3 billion) as it reported the first annual profit drop in almost 20 years.
The U.S. Securities and Exchange Commission approved a rule barring financial advisers to state and local governments from engaging in deceptive practices, one of the first steps to regulate the business.
German bratwurst and Hugo Boss suits are set to vie with croissants, camembert and other French staples in shops at London’s Channel Tunnel terminus as the station prepares for direct trains from Cologne and Frankfurt.
Tesco Plc, the U.K.’s largest grocery company, said it will likely leave the U.S. after announcing a review of its Fresh & Easy unit in the country and the departure of the unprofitable business’s head.
GT Advanced Technologies Inc., a U.S. supplier of manufacturing equipment for solar and energy- efficient lighting products, plans to sell a factory in St. Louis. The facility is developing high-efficiency solar technology that may not be needed until demand for photovoltaic panels picks up next year.