Arthur T. Demoulas has offered to buy the 50.5 percent of Market Basket that his family doesn't currently own from the group led by his cousin Arthur S. Demoulas.
The Boston Globe (tiered sub.) -
Walmart has lost its appeal to keep documents related to the company's investigation of bribery allegations in Mexico from the Indiana Electrical Workers Pension Trust Fund IBEW, a stockholder in the company.
Colleen Brown, the former CEO of Fisher Communications, and current RadioShack CEO Joe Magnacca are two of four new members named to the board of American Apparel. The company has been in tumult since its board made the decision to fire controversial CEO Dov Charney.
Los Angeles Times (tiered sub.) -
The watchmaker has denied a VentureBeat report that it is working with the tech giant to launch a smartwatch.
Bloomberg News -
The daily deal site has named Lisa Rhodes, a retail industry veteran, as its new president and chief merchandising officer.
Internet Retailer -
Americans made about 61 billion visits to restaurants for the year ending May 2014, roughly the same number as the year before, according to The NPD Group.
Nation's Restaurant News -
Jobless claims for the week ending July 19 were at the lowest level since February 2006, according to the Labor Department.