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Kohl’s announced Friday that it is terminating talks to sell its business, saying that retail environment has significantly deteriorated since the beginning of its bidding process. The Kohl’s announcement confirmed CNBC’s report late Thursday that Kohl’s no longer planned to sell its business to The Vitamin Shoppe owner Franchise Group. Kohl’s also cut its outlook...

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General Motors Co. said it built about 95,000 vehicles without certain semiconductors and other parts and had to set the cars aside instead of shipping them to dealers, weighing on its second-quarter results. The company said the hit to wholesale vehicle deliveries would hurt second-quarter net profit, which it now expects to be between $1.6...

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Giovanni “John” Visentin, the chief executive of Xerox Holdings Corp., died after running the printer-and-copier company for roughly four years. Mr. Visentin, 59 years old, died on Tuesday “due to complications from an ongoing illness,” the company said on Wednesday. Steve Bandrowczak, Xerox’s chief operations officer and president, will serve as interim CEO.

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A pedestrian walks by a Bed Bath and Beyond store in San Francisco, California. Justin Sullivan | Getty Images Bed Bath & Beyond is replacing CEO Mark Tritton in a leadership shakeup after the retailer struggled through another quarter of declining sales and posted a steeper loss. The company said Wednesday that Sue Gove, an...

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Bed Bath & Beyond replaced Chief Executive Mark Tritton, as the home-goods retailer’s sales plunged due to a mismatch between what its stores carry and what shoppers want. The company’s independent director, Sue Gove, is stepping in as interim CEO while the board searches for Mr. Tritton’s replacement, the company said Wednesday.

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