WSJ Today's Marketplace

ConocoPhillips is expected to sell the rest of its roughly 600 company-owned gas stations for about $800 million. The sale is part of oil companies' efforts to flee low-margin U.S. retail-gasoline sales and focus on finding new supplies of crude oil.

German market-researcher GfK has abandoned its bid to buy Taylor Nelson Sofres, clearing the way for ad giant WPP and its $2 billion hostile offer for the British firm.

Urban Outfitters has been racking up earnings gains and will continue its expansion plan despite the consumer-spending slump.

Nike spent months planning a new look for Rafael Nadal, but the tennis star decided to delay the wardrobe change because he is on a winning streak.

Darden, the parent of Olive Garden and Red Lobster, cut its fiscal-year profit forecast amid slumping sales. The warning suggests that sit-down restaurants will continue struggling through the fall after a dismal summer.

Retail sales in India were expected to double in the next seven years, but growth has been disappointing. As a result, companies large and small are rethinking their expansion plans in the country.

Hops are sprouting in numerous locales across the U.S. as growers look to capitalize on the crop's price boom.

Ticketmaster's CEO said 6.8 million tickets to the Beijing Games were sold world-wide, the most ever for the Olympics, and the company hopes to use the experience to boost its presence in China.

Mitsubishi will unveil a key part of the company's new overseas growth strategy, with its Pajero Sport sport-utility vehicle at the Moscow Auto Show. President Osamu Masuko discusses why Russia is a primary target for future growth and the company's plans for its electric vehicle, the i-MiEV.

Precision Drilling, a Canadian oil and natural-gas driller, agreed to buy U.S. drilling company Grey Wolf for about $2 billion in cash and stock.

Suzlon Energy, the world's fifth-largest wind- turbine maker by sales, is facing complaints in its home market of India over technical problems with turbines, only months after blades it sold to U.S. buyers began cracking.

Glaxo, one of the biggest sellers of drugs to fight the AIDS virus, is drawing criticism over magazine ads in the U.S. that patient-support groups say attempt to scare patients away from trying newer drug regimens.

Gap posted a 51% jump in profit despite lower sales and named Tom Wyatt president of its Old Navy division on a permanent basis.

Warner Bros. is planning to release fewer films into the crowded marketplace. But the studio, known for making more big, expensive movies than most rivals, plans to make even more of those -- some centered on properties from its DC Comics unit.

Boeing is considering bailing out of its effort to win a $40 billion air-tanker contract unless the Pentagon gives it six months to submit a new bid.

Burger King said profit climbed 42% and it is testing smaller Whopper Jr. hamburgers as it tries to overcome high ingredient costs.

Liz Claiborne is betting celebrity designer Isaac Mizrahi, who was hired as the company's creative director earlier this year, will give its namesake label some sex appeal.

Kohl's said Larry Montgomery will step down as CEO and that President Kevin Mansell will take over.

Continental AG relented its opposition to a takeover by rival auto supplier Schaeffler Group in exchange for substantial concessions, including a raised offer of $112 a share and guarantees not to take a majority stake before 2012.

Boeing hopes to avoid a strike by machinists, yet make inroads on mounting pension and health-insurance costs.