Retail

UK regulator casts doubt on Sainsbury's-Asda merger

British regulators say the proposed supermarkets merger between Sainsbury's and Walmart's Asda unit would push up prices and reduce quality for shoppers, casting doubt on a deal that would create the country's biggest grocery chain.

Asian shares mostly higher, extending Wall St advance

Stocks edged between small gains and losses in early trading on Wall Street Tuesday as U.S. markets reopened following the Presidents Day holiday and as investors sized up the latest company earnings reports.

Ocasio-Cortez and Amazon versus common sense

The problem for business is that stories of huge corporate welfare gives the likes of Rep. Alexandria Ocasio-Cortez all the fodder she needs to demand government spoils for her voters.