Arthur Ortenberg, who teamed up with his wife, designer Liz Claiborne, and a third partner to build a billion-dollar enterprise clothing career women in stylish but casual outfits at moderate prices, dies at age 87. Read more..

By DOUGLAS MARTIN - The New York Times

Peruvian developer Fernando Palazuelo’s acquisition of Packard Motor Car plant is part of the land rush occurring in Detroit, where investors are scrambling to buy vacant properties at the bottom of a historically distressed market. Read more..

By BILL VLASIC - The New York Times

If approved, the deal would put an end to half a decade of wrangles with antitrust authorities across the globe. Read more..

By CLAIRE CAIN MILLER and MARK SCOTT - The New York Times

Greece has surplus of about 1 billion euros, or $1.35 billion; windfall masks deep problems in a fragile economy despite major spending cuts and the imposition of higher taxes. Read more..

By LIZ ALDERMAN - The New York Times

Eduardo Porter Economic Scene column notes that Idaho district judge has ruled against merger between St Luke's Health System and Saltzer Medical Group, saying that patient costs would have risen; observes that decision underlines potentially important conflict between nation's anti-monopoly laws and Affordable Care Act, which has encouraged creation of big, broad accountable care organizations. Read more..

By EDUARDO PORTER - The New York Times

Stock market rebounds a bit, buoyed by encouraging earnings, as it tries to steady itself after its largest sell-off since June 2013. Read more..

By REUTERS - The New York Times

Microsoft names Satya Nadella as its new chief executive, who in turn announces that founder Bill Gates will shed his role as chairman and return to company as an active adviser on products and technology; shift presents opportunity to lift morale, but could also complicate matters for Nadella as he assumes the helm alongside a man who is still revered at the company. Read more..

By NICK WINGFIELD - The New York Times

British oil giant BP reports that adjusted earnings for its fourth quarter were $2.8 billion, compared with $3.8 billion in the period a year earlier; main reason for lower earnings is that BP has become a much smaller company after the Gulf of Mexico oil spill in 2010, with plans to sell more assets. Read more..

By STANLEY REED - The New York Times

John Mulligan, Target’s chief executive, testifies at Senate hearing that company is accelerating plans to adopt EMV, European-based technology that embeds a small chip instead of a magnetic stripe on credit cards, and is hoping to have chip-reading devices in its stores by end of 2014. Read more..

By HILARY STOUT - The New York Times

Chrysler executives consider opening a third factory for Ram pickup trucks; Maserati sold 15,400 vehicles in 2013. Read more..

By BENJAMIN PRESTON - The New York Times