Samsung TVs to Use Tizen Operating System

Samsung Electronics said its homegrown operating system known as Tizen is going to be widely adopted in its televisions starting this year in the company’s latest attempt to beef up its software capabilities.



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China Official Manufacturing PMI Falls

There was more evidence of weakness in China’s huge manufacturing sector in December, a soft end to the year that suggests the country will likely miss its 2014 economic growth target.



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Kellogg Bids for Egyptian Snack Maker Bisco Misr

Kellogg Co. outbid a private-equity firm for control of Egyptian snack maker Bisco Misr, a deal that would mark a small step forward in the U.S. food company’s desire for international expansion.



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GM Redeems Preferred Shares to Cut Costs

General Motors Co. said it redeemed 156.1 million outstanding shares of preferred stock at a cost of $3.9 billion in a move to further strengthen its balance sheet before the end of the year.



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Chile's Top Court Won't Hear Barrick Gold Appeal

Barrick Gold Corp. said Wednesday that Chile’s top court won’t hear its appeal of a lower-court decision regarding sanctions imposed on the company’s Pascua-Lama project.



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KKR to Earn Big Payout From Alliance Boots Sale

Alliance Boots completed its two-part sale to Walgreen, putting buyout firm KKR & Co. on track to roughly quadruple the cash it invested in the European pharmacy giant.



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Sony Makes 'The Interview' Available on Cable, Satellite Systems

Sony Pictures has signed new deals making the ‘Interview’ available to rent or buy on most cable and satellite systems and nearly doubling the number of theaters that will play the controversial comedy this weekend.



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Harley-Davidson Recalls 19,015 Motorcycles

Harley-Davidson is recalling 19,015 Dyna and Softail motorcycles from the 2012 model year to fix a brake problem.



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Delhi Sets New Rules for Radio Taxis

India’s capital city has issued new rules covering its so-called radio taxis—including a requirement that they include a “panic button” for passengers—and Uber Technologies responds.



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Pacific Ethanol to Buy Rival Aventine

Biofuel company Pacific Ethanol agreed to buy Aventine Renewable Energy Holdings for about $190 million in stock, a deal that would make the company the fifth-largest ethanol producer in the U.S.



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Explosions Kill 17 at China Factory

At least 17 people were killed by gas explosions at a southern China auto-parts factory owned by one of the world’s largest suppliers of parts for heavy commercial vehicles, state media said.



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Hong Kong's Oldest TV Station Could Shut Down

Hong Kong’s oldest television broadcaster, once a cultural mainstay, is on the verge of collapse after battling financial woes and a growing disconnect with local viewers for years.



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Uber Braces for French Crackdown

Uber Technologies remains defiant ahead of a promised crackdown on its lower-cost service in France, raising the possibility of a legal showdown.



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American Eagle Energy Halts Drilling Plans

American Eagle Energy Corp. said Wednesday that it has suspended its drilling operations and likely won’t resume until oil prices improve, the latest sign that a glut in crude oil is stifling exploration and production across the industry.



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Huawei's Smartphone Revenue Grows by One-Third

Chinese telecommunications equipment maker Huawei Technologies Co. estimated that its smartphone revenue grew about 30% this year, exceeding $11.8 billion.



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Mayo Schmidt Won't Take Louis Dreyfus CEO Role

Louis Dreyfus Commodities said Mayo Schmidt won’t take over as chief executive as planned after a disagreement over terms and conditions of his employment.



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Rough Road for BMW in China

BMW’s relations with its dealers in China are strained, with some saying they won’t take new vehicles unless there are lower sales targets and subsidies.



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Australia Stocks Finish a Down Year

The Australian stock market had its worst year in three years as falling commodity prices turned investors away from some of the benchmark index’s heavyweights.



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Chinese Manufacturing Slips

A gauge of China’s factory activity showed more sluggishness in December, with the world’s second-largest economy ending the year on a weak note.



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Dollar's Surge Pummels Companies in Emerging Markets

Companies that issued bonds in U.S. dollars instead of the local currency face higher costs on debt payments. Some financially strapped firms might default on their bonds, analysts warn.



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How the Hacking Crisis Unfolded at Sony

Sony Entertainment chief Michael Lynton talks about the studio’s response to the massive cyberattack and the realization that, with data erased as well as stolen, there wouldn’t be a quick rebound.



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Wal-Mart Takes the Bodega Route in Mexico

While sales at Wal-Mart’s traditional stores in Mexico have stagnated, the retailer is having success with a chain of 900 mini-grocers, called Bodega Aurrera Express, which compete against street vendors and mom-and-pop shops



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White House Deflects Doubts on Source of Sony Hack

The White House pushed back against criticism from some cybersecurity experts who have challenged the government’s conclusion that North Korea was likely behind the hacking attack on Sony Pictures.



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Harold Hamm Fights Divorce Settlement

Oil billionaire Harold Hamm is contesting his November divorce settlement, saying an Oklahoma judge’s order to pay his ex-wife nearly $1 billion is too much.



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Fosun to Buy Meadowbrook Insurance for $433 Million

Fosun International offers $8.65 a share for the Michigan-based insurance company, an acquisition that will give the Chinese conglomerate a presence in the U.S. property and casualty market.



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BP Examined Its Own Forex Trading

BP PLC investigated its own foreign-currency trading operations after regulatory agencies opened probes into banks and other traders, a spokesman said, declining to give details.



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Hon Hai Shareholders Seek Increased Transparency, Dividend

Some of Hon Hai’s big foreign shareholders are calling for the world’s largest contract electronics manufacturer by revenue to raise its dividend and increase transparency.



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GT Says Executive Bonuses Will Drive Bankruptcy Survival Bid

GT Advanced Technologies Inc., the New Hampshire company that fell into bankruptcy following a failed deal with Apple Inc., is asking to pay millions in bonuses to its senior executives.



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Wage-Law Enforcer Favors Proactive Approach

David Weil, who runs the Labor Department’s Wage and Hour Division, is responsible for getting companies to obey basic labor laws. He recently spoke to The Wall Street Journal about his approach.



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Chemical Spill Executive Wants Feds to Return His Bentley

The executive indicted for wire fraud and bankruptcy fraud after the company he led contaminated the water supply for 300,000 people in West Virginia is asking a federal judge to order the return of his Bentley luxury automobile.



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China Dust Blast Explosion Death Toll Nearly Doubles

Chinese authorities on Tuesday said an August explosion at a factory that supplied auto parts for General Motors Co. and other car makers killed at least 146 people, nearly double the initial death toll.



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Under Armour Wins Andy Murray

Under Armour signed U.K. tennis star Andy Murray, a strategic endorsement as the maker of athletic gear aims to expand overseas. The move also reflects the high-stakes jockeying between Under Armour and rival Adidas.



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Judge Approves Revel Tax Settlement

A bankruptcy judge on Tuesday approved a $26 million tax settlement between Atlantic City, N.J., and the boardwalk’s shuttered Revel Casino Hotel.



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China's Two Railcar Makers to Merge

China will merge two state-run railcar makers in a deal that Beijing hopes will create a more viable global competitor for train contracts around the world.



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Seoul Court Issues Arrest Warrant for Daughter of Korean Air Chairman

A South Korean court issued an arrest warrant for the daughter of Korean Air’s chairman on charges of in-flight violence and change of a flight route when she made a passenger jet return to the gate because she was angry with the way she was served macadamia nuts.



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Robots Step Into Brewery, Bakery Roles

ABB, Fanuc and other robot makers are finding that an increasing number of smaller businesses want to automate dirty, repetitious tasks. Robot sales historically have been driven by auto companies and electrical-and-electronics makers.



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AirAsia Disaster Puts Spotlight on Insurance Treaty

AirAsia Flight 8501 has cast a spotlight on an insurance treaty that could restrict compensation for victim’s families to a fraction of the assistance offered to victims of the Malaysia Airlines disasters this year.



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Petrobras To Report Third Quarter Results In January

Brazilian state-run oil company Petroleo Brasileiro SA said it would publish its unaudited financial information regarding the third quarter in January, after two delays amid a wave of corruption allegations.



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Eurozone Private-Sector Lending Improves

Lending to the private sector in the eurozone improved in November compared with October, the ECB said, suggesting the flow of credit is slowly healing in the region.



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Shenzhen Restricts Car Purchases

In another sign of a harsher environment for the automotive industry in China, the southern city of Shenzhen has joined other major urban centers in placing restrictions on consumer car purchases.



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Possible Breakthrough in Search for AirAsia Jet

Indonesian officials said airplane debris was found in waters near the island of Borneo, and the head of the search effort said he was “95%” certain that it was from the missing AirAsia plane.



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Hyundai Expands Chinese Production Plans

Hyundai Motor plans to build two new production plants in China, instead of one, to compete with bigger rivals in the world’s largest automobile market.



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Detroit's Road Through China Narrows Ahead

General Motors and Ford have found a honeypot of profits in China, even as the world’s largest car market has slowed. The good times won’t be easy to sustain.



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Where Puma and Adidas Were Like Hatfields and McCoys

The German town of Herzogenaurach, long divided over sneakers, finally agrees to a truce.



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Startup Values Reach the Sky

Valuations placed on tech startups world-wide stretched to record heights in 2014 and accelerated at an exceptional pace, even when compared with the late 1990s dot-com boom. Chinese smartphone maker, valued at $46 billion, is just the latest example.



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Grocers, Minimarts Now Woo Diners, Too

Supermarkets and convenience stores have beefed up their menus with fresh, made-to-order offerings they hope will woo eaters from traditional restaurants and burger joints.



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Jeb Bush to Leave Rayonier Board

Former Florida Governor will step down from the board of forest-products and real-estate company Rayonier, following resignation from Tenet Healthcare’s board and a plan to explore presidential bid.



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Southwestern Energy Plans Capital Spending Increase in 2015

Southwestern Energy said Monday it will increase its capital spending program in 2015, in contrast to several other energy companies that are reducing spending as prices fall for oil and natural gas.



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Computer Sciences Settles With SEC

Computer Sciences has agreed to pay $190 million and amend some financial statements due to accounting errors as part of a settlement agreement with the Securities and Exchange Commission.



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French Carpool Service Gains Traction

Eight-year-old carpooling service BlaBlaCar is gaining on the back of Europe’s deteriorating public-transport and as a low-key and long-distance alternative to trains.



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UPS, FedEx Got Back On Time This Holiday

United Parcel Service Inc. and FedEx Corp. turned things around after weather and a surge of last-minute packages snarled shipping last year, delivering an estimated 98% of express packages on time.



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Liberty Media Extends CEO's Contract

Liberty Media Chief Executive Greg Maffei has reached an agreement to remain in that role through 2019.



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FBI Takes Aim at Junket Ties to Gambling

An FBI bust is highlighting ties among three of the most lucrative gambling worlds—Macau high-roller junkets, online sports betting and poker.



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Energy Future Still Hiring as Restructuring Bid Continues

A fee committee set up to review the bills from court-supervised professionals counts 30 legal and financial advisory firms hired, or in the process of being hired, to work for Energy Future in Chapter 11.



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DOJ Seeks More Info on Ingredion-Penford Deal

Food-ingredient producers Ingredion and Penford have received requests for more information about their planned merger agreement from the U.S. Department of Justice, extending the waiting period for the deal.



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Chrysler Recalls 67,000 Pickup Trucks

Fiat Chrysler is recalling about 67,000 model year 2006 and 2007 pickups because of a problem that could prevent the cars from starting, or cause them to move when the ignition key is turned.



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Cable Channels Put Movies on Regular Repeat

Cable networks dream of finding the next “Duck Dynasty” or “The Walking Dead” but in the meantime they are hedging their bets with movies, played over and over, even if they have been on other channels.



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Virgin Atlantic Plane Returns Safely to London Gatwick

A Virgin Atlantic Airways flight bound for Las Vegas on Monday returned to London Gatwick for an emergency landing due to a technical fault on the jet.



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Shake Shack Files for IPO

Burger chain Shake Shack filed for an initial public offering on Monday, saying it plans to use some of the proceeds to renovate and grow its restaurant base.



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ZTE Plans Marketing Boost

Chinese smartphone maker ZTE Corp. plans to spend more than one billion yuan ($161 million) on marketing and branding next year, up more than 50% from this year, its top executive said in a recent interview.



from WSJ.com: US Business http://online.wsj.com/articles/chinas-zte-plans-to-boost-budget-for-marketing-branding-1419869047?mod=pls_whats_news_us_business_f

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Walgreen Investors Approve Deal

Walgreen said its shareholders approved the company’s planned acquisition of the rest of European drugstore chain Alliance Boots and the subsequent reorganization into a holding company structure.



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Cosi Director Michael O'Donnell Steps Down

Cosi Inc. director Michael O’Donnell will step down Jan. 1, as the struggling sandwich chain continues its turnaround effort.



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Icahn Seeks Breakup of Manitowoc

Activist investor Carl Icahn disclosed a 7.77% stake in Manitowoc and said he plans to push the company to split itself in two, mirroring an activist campaign launched in June by Relational Investors.



from WSJ.com: US Business http://online.wsj.com/articles/icahn-discloses-stake-in-manitowoc-seeks-breakup-1419856625?mod=pls_whats_news_us_business_f

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Caesars Entertainment Sees Unit's Restructure Aiding its Finances

Caesars Entertainment unveiled details of its planned restructuring after agreeing earlier this month to acquire affiliate Caesars Acquisition, better positioning the debt load of its largest unit.



from WSJ.com: US Business http://online.wsj.com/articles/caesars-entertainment-sees-units-restructure-aiding-its-finances-1419856957?mod=pls_whats_news_us_business_f

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Airbus A320 in the Spotlight

Success with the A320, the type of jet now missing on an Indonesia to Singapore flight, has fueled a global expansion for plane maker Airbus.



from WSJ.com: US Business http://online.wsj.com/articles/missing-airasia-flight-thrusts-airbus-jet-a320-into-spotlight-1419799413?mod=pls_whats_news_us_business_f

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Goldman, Clients, Face Loss Over Banco Espírito Santo Loan

Goldman Sachs and several clients stand to lose $853 million from a loan made to Banco Espírito Santo just weeks before it collapsed, after the Bank of Portugal said the claim won’t be honored by Novo Banco, the “good bank” carved out of BES.



from WSJ.com: US Business http://online.wsj.com/articles/goldman-sachs-clients-face-835-million-loss-over-banco-espirito-santo-loan-1419854363?mod=pls_whats_news_us_business_f

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Uber CEO Indicted in Seoul

South Korean prosecutors have indicted Uber Technologies Inc. Chief Executive Officer Travis Kalanick and his Korean partners for violating a public-transport law.



from WSJ.com: US Business http://online.wsj.com/articles/south-korean-officials-indict-uber-ceo-korean-partners-for-violating-public-transport-law-1419405400?mod=pls_whats_news_us_business_f

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Google's Gmail Blocked in China

Google Gmail email service has become unavailable in China, in what appears to be the latest move by Beijing to curb the U.S. search giant’s presence there.



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NetJets Gets 10 More Jets

NetJets Inc., a unit of Warren Buffett’s Berkshire Hathaway Inc., will acquire 10 more jets from Brazilian aircraft maker Embraer SA.



from WSJ.com: US Business http://online.wsj.com/articles/netjets-to-acquire-10-more-embraer-jets-1419852431?mod=pls_whats_news_us_business_f

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Novo Banco Has Four Potential Buyers

Novo Banco, the Portuguese bank created out of failed lender Banco Espírito Santo SA in August, has received at least four expressions of interest from potential buyers before a Dec. 31 deadline.



from WSJ.com: US Business http://online.wsj.com/articles/novo-banco-has-four-potential-buyers-1419852501?mod=pls_whats_news_us_business_f

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Xiaomi Becomes World's Most Valuable Tech Startup

It’s official: Xiaomi Corp. is the world’s most valuable technology startup. Including the more than $1 billion of capital raised in its latest funding round, Xiaomi’s valuation would be more than $46 billion.



from WSJ.com: US Business http://online.wsj.com/articles/xiaomi-becomes-worlds-most-valuable-tech-startup-1419843430?mod=pls_whats_news_us_business_f

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Roche Wins Approval For Ebola Test

Roche Holding said it has received emergency authorization by U.S. drug regulators for an Ebola virus test, a development that could help health care authorities around the world fight the current outbreak of the deadly disease.



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The Best and Worst of 2014 Marketing

Advertisers found an array of new places to pitch their products in 2014, but that has added to the clutter facing consumers.



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Retailers Save the Discounts for Bargain Hunters

There is a growing gap in retailing between those who get discounts and those who don’t. Call it the discount divide.



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A Wi-Fi Problem for Hotels?

An industry group that includes Marriott has petitioned the FCC for guidance on whether hotels are acting within the law when they disable unauthorized Wi-Fi access points set up on their properties.



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Web Store Unloads Old Items Offline

For Europe’s largest online retailer, Zalando, the end of the holiday shopping rush opens a new sales window in the real world.



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Prosecco Enjoys Bubbly Times

Champagne’s Italian-made cousin boosts sales for sparkling wine-industry.



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'Hobbit' Remains No. 1 at the Box Office

Hollywood got a welcome holiday gift to end a poor year at the box office, as ‘Unbroken’ and ‘Into the Woods’ both posted strong openings while the third and final ‘Hobbit’ movie remained No. 1.



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Lion Capital Asks American Apparel to Consider Strategic Alternatives

Hedge fund Lion Capital has nominated founding partner Lyndon Lea to American Apparel’s board and seeks the formation of a special committee to evaluate strategic options.



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Sony's PlayStation Network Back Online

Sony brought its PlayStation Network back online, laying the blame on external attackers for triggering an outage that lasted nearly three days.



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Audi Unveils Investment Boost

Audi, the premium car brand owned by Germany’s Volkswagen, plans to invest $29.3 billion over the next five years in new models, technologies and production sites.



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Parents Start Companies to Cure Children

A small cadre of parents form for-profit ventures to seek treatments for their children with rare diseases, but the need for profits can pose a dilemma.



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Ukraine Cuts Power, Transit to Crimea

Ukraine cut off electricity and train and bus services to Crimea, moves that could raise tensions with Russia, which annexed the peninsula in March and has been prodding Kiev to negotiate with Moscow-backed rebels in the country’s eastern provinces.



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Sony PlayStation Remains Offline

Sony’s videogame network remained offline, while Microsoft had restored its service, following Christmas Day outages that a hacker group claimed were its doing.



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Tech Firms Face Showdown With Russia

Facebook, Twitter and Google have started resisting Russian government orders to remove information about a rally next month for opposition leader Alexei Navalny, raising the prospect of a showdown over the Kremlin’s efforts to control online information.



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German Gunmaker Looks to South African Exports

Rheinmettal-Denel venture helps company sidestep policies restricting arms sales to controversial governments.



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Robots Step Into Brewery, Bakery Roles

ABB, Fanuc and other robot makers are finding that an increasing number of smaller businesses want to automate dirty, repetitious tasks. Robot sales historically have been driven by auto companies and electrical-and-electronics makers.



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With Christmas Over, Millions of Gift Returns Begin

The holidays may be over, but returns season is just getting started.



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Bankruptcy Judge Says Aereo Can Auction Web TV Technology

A bankruptcy judge said Aereo Inc. can auction its TV streaming technology after the company struck a deal with broadcasters over the sale process.



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Visa Suspends Operations in Crimea

International payment system company Visa Inc. suspended its operations in Crimea after another round of U.S. sanctions, the company said Friday.



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Novartis Psoriasis Drug Approved in Japan

Novartis has won approval in Japan for a new psoriasis drug, the first country to give the treatment a green light for commercialization.



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Will Ferrari Keep Its Scarcity Premium?

The era of waiting months for a new Ferrari may be winding down. The auto maker’s chairman wants to crank up production to capitalize on the exotic sports car’s scarcity premium even as wait times are already falling.



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Japan Post Sets IPO Plans For Next Year

Japan’s state-owned postal service said Friday the government would sell part of the company to the public as soon as August, and it also disclosed plans to list its banking and insurance units.



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China Investigates Regulatory Official

Chinese anticorruption agents are investigating a senior official at a government agency that has probed Microsoft Corp. and global pharmaceutical majors amid China’s tougher enforcement of its anticompetition laws.



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South Korea, U.S., Japan to Sign Intelligence Pact

South Korea, the U.S. and Japan will sign a trilateral intelligence-sharing pact next week to better cope with North Korea’s increasing nuclear and missile threats, officials in Seoul said.



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Xbox, PlayStation Networks Hit With Connection Problems

Microsoft’s Xbox Live and Sony’s PlayStation Networks experienced user-connection problems on Christmas Day, for which a hacker group claimed responsibility.



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Cross-Border Mergers Face Growing Scrutiny

Many deals are running into a growing corps of global deal cops, each wanting a say over transactions that touch their industries, economies or interests.



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City Living Lures Tech Firms

Google is one of many fast-growing employers eschewing suburban campuses for clusters in cities, partly in a push to foster collaboration among employees.



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Fossil Goes Luxury With 'Swiss Made' Label

U.S. watchmaker Fossil hopes $1,595 timepieces will bridge gap between mass market and high-end.



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French Carpooling Service BlaBlaCar Gains Traction

Eight-year-old carpooling service BlaBlaCar is gaining on the back of Europe’s deteriorating public-transport and as a low-key and long-distance alternative to trains.



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At Facebook, Boss Is a Dirty Word

Facebook has embraced young workers and crafted management techniques around these millennials. Employees are given unusual freedom to choose, and change, assignments and performance reviews are focused on strengths.



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RadioShack's Problem: So Many Stores

RadioShack has shut more stores in the past two months than the rest of the year, though it’s hard to tell the difference. The chain still has a heavy surplus of stores in many local markets.



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Santa Was Good to Retailers This Year

American shoppers may have delivered a welcome Christmas present to retailers: the best holiday sales growth in three years.



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A Free-Speech Pitch for 'The Interview'

About 300 small, niche theaters are showing the movie “The Interview,” which was yanked by Sony last week after big theater chains refused to play in due to a terrorist threat.



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Jeb Bush to Step Down From Tenet Board

Jeb Bush will resign from Tenet Healthcare Corp.’s board effective Dec. 31, the hospital operator said Wednesday.



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Real Estate Developer Blixseth Released From Jail

Real estate developer Tim Blixseth is spending Christmas Eve with his family after an appellate court ordered his release from jail.



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Sony to Release 'The Interview' Online

Sony Pictures said it would distribute “The Interview” online beginning Wednesday through a Sony website as well as services from Google and Microsoft.



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A Decimated U.S. Industry Pulls Up Its Socks

Sock manufacturing is making a modest comeback in the U.S., helped by more efficient machines, tepid wage growth and retailers’ desire to give more shelf space to U.S.-made products.



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Brink's Exits Netherlands

Brink’s said Wednesday that it has pulled out of the Netherlands after losing its largest bank customer in the country.



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BP in Talks With Rosneft Over Siberian Stake

BP is negotiating a deal with Kremlin-controlled oil giant Rosneft that could give it a percentage of an Eastern Siberia field, according to a person familiar with the matter.



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Petrobras Create Committee Amid Corruption Allegations

The board of Brazilian state-run energy giant Petroleo Brasileiro SA authorized the creation of a special committee that will serve as a reporting line for an existing independent internal investigation amid corruption allegations.



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ARCP Gets Waiver, Reporting Extension

American Realty Capital Properties said it has received an additional waiver from lenders, as well as an extension for reporting its third-quarter and full-year results for 2014.



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Takata President Steps Down Over Air Bag Recalls

Takata Corp. said Wednesday that President Stefan Stocker is stepping down after expansive recalls of the company’s air bags.



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Alibaba's Tmall Global Site Stumbles

Alibaba’s Tmall Global shopping platform is failing to live up to its early billing as a “fast track into China” for foreign brands new to the mainland, say brands and online-shopping consultants.



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Inventories Rise at China Auto Dealers

Chinese car dealers are sitting on their highest inventories of unsold cars in almost 2 ½ years, in the latest sign of slowing growth in the world’s largest auto market.



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HeidelbergCement Sells Assets for $1.4 Billion

Germany’s HeidelbergCement AG has agreed to sell operations in North America and the U.K. for $1.4 billion to a U.S. affiliate of Lone Star Funds.



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Uber CEO Indicted in Seoul

South Korean prosecutors have indicted Uber Technologies Inc. Chief Executive Officer Travis Kalanick and his Korean partners for violating a public-transport law.



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UPS, FedEx Cap Holiday Deliveries

UPS and FedEx started capping air express deliveries in recent days after an 11th-hour increase in packages caused some retailers to exceed agreed-upon limits, according to people briefed on the situation.



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Boards' Longtimers Face Pressure to Move On

Time may be running out for long-serving directors on U.S. corporate boards. Joining with activist investors, asset managers and other critics say veteran board members often can’t keep up with rapid changes in business.



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U.S. Backs Weapon Sales to Iraq

U.S. approvals for weapon sales to Iraq have nearly tripled to $15 billion, promising much U.S. factory work if the deals can overcome congressional worries.



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DirecTV, Disney in Distribution Pact

DirecTV and Walt Disney have reached a multiyear distribution agreement that expands content available on smartphones and tablets in an era in which consumers increasingly are watching media on different devices.



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American Apparel Adopts Revised Code of Conduct

American Apparel said its board has adopted a revised code of conduct and ethics a week after officially terminating the employment of Chief Executive Dov Charney.



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American Airlines Announces New Pay Raises

American Airlines said it would raise pay scales by 4% for any unions that reach joint postmerger labor contracts and raise nonunion pay by the same.



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Judge Approves $37 Million WaMu Bankruptcy Settlement

A bankruptcy judge tied up a remaining loose end from the 2008 collapse of Washington Mutual Bank, endorsing a $37 million settlement of the company’s claims against its former leaders.



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Sony Exploring Sale of Music Publishing Unit

Sony has been exploring the sale of its Sony/ATV Music Publishing unit, the company’s recently leaked internal emails suggest.



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San Gold Seeks Protection From Creditors

Gold-miner San Gold has asked Canadian courts for protection against its creditors on Tuesday.



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Sears Holdings Executive Vice President to Resign

Sears Holdings Corp. said Tuesday that Imran Jooma, one of its senior executives, with wide ranging oversight of the company’s business, resigned.



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Terra Peregrin Withdraws Portugal Telecom Offer

A firm controlled by Africa’s wealthiest woman withdrew a €1.2 billion takeover offer for Portugal Telecom, after Portugal’s markets regulator ruled the bid was too low under existing rules.



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Judge Authorizes NII Bonuses

A bankruptcy judge authorized NII Holdings to pay its executives and senior managers bonuses tied to the company’s performance and the success of its Chapter 11 case.



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Tesco Faces Fresh Accounting Probe

The U.K.’s Financial Reporting Council said it has launched an investigation into Tesco’s accounts for fiscal 2012, 2013 and 2014, following the recent accounting scandal at the supermarket chain.



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Online Bargain Hunters Push Korean Retailers to Slash Prices

South Korean department stores are slashing prices to compete with overseas online retailers like Amazon.com, eBay and the Gap as more consumers hunt for bargains from online vendors abroad.



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U.S. Oil Firms Face Prisoner's Dilemma

If the global glut of oil that has sent crude prices plunging has come largely from the U.S., why aren’t American energy companies turning off the tap? The catch: Each one of them is waiting for a rival to do so first.



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Sony to Release 'The Interview' in Theaters

Sony on Tuesday said it plans to release the movie “The Interview” in some theaters, reversing its earlier decision.



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At Coke, Newest Flavor Is Austerity

Coca-Cola plans to ax at least 1,000 to 2,000 jobs globally in the coming weeks, as part of an austerity push that involves stricter budgeting and taxis instead of limousines for executives. But the efforts may not be enough to offset falling soda sales.



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How to Fix McDonald's: Four Ideas

The Wall Street Journal asked a group of restaurant-industry leaders and a member of the chain’s coveted millennial generation whether McDonald’s stated plans will be enough to reinvigorate the brand.



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India's Aditya Birla to Buy Two Cement Plants

India’s Aditya Birla Group said it has agreed to buy two cement plants in a deal valued at $852 million, as the conglomerate seeks to tap into an expected increase in cement demand.



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Family Dollar Delays Merger Vote

Family Dollar shareholders voted Tuesday to adjourn their meeting instead of voting on the company’s $8.5 billion deal to be acquired by Dollar Tree.



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Tech Consortium to Sell 4,000 Patents

A consortium of technology companies, including Apple, Microsoft and BlackBerry, has agreed to sell the bulk of a jointly owned portfolio of telecommunications patent assets for $900 million.



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Investor Encourages Carbonite to Negotiate With J2

An investor in data-backup provider Carbonite encouraged the company to negotiate with J2 Global, which has offered to buy the part of the company it doesn’t already own.



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Cargill Abandons Nutreco Bid

U.S. agribusiness giant Cargill has abandoned plans to buy Nutreco, saying such a deal was no longer attractive, ending a bidding war for the Dutch animal-feed producer.



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Keurig Recalls 7 Million Brewers

Keurig Green Mountain Inc. on Tuesday recalled more than 7 million of its single-serve brewing machines after finding that water can overheat and spray out at users.



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Walgreen Tops Expectations On Pharmacy Strength

Walgreen Co. said strong pharmacy sales helped drive better-than-expected results in its November quarter.



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U.K. Recovery Slower Than Previously Thought

The U.K. economy has expanded less since the recession than previously thought, the Office for National Statistics said, following revisions this year and in 2013.



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Hong Kong Tycoon Gets Five Years in Prison

Thomas Kwok, the former co-chairman of Hong Kong developer Sun Hung Kai Properties, was sentenced to five years in prison, while the city’s former No. 2 official, Rafael Hui, received 7½ years, following a corruption trial.



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Novartis Gets European Approval For Glaucoma Treatment

Novartis said that its eye-care unit received European approval for the use of a glaucoma eye drop in juvenile patients.



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Comcast-TWC Merger Review Delayed

Comcast’s proposed $45 billion merger with Time Warner Cable has run into another delay, this time due to the failure of Time Warner Cable to produce necessary documents to the FCC in a timely manner.



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Alstom to Pay $772 Million to Settle Bribery Charges

French engineering giant Alstom pleaded guilty and agreed to pay $772 million to resolve criminal charges it paid tens of millions of dollars in a “widespread” bribery scheme to win energy contracts around the globe, U.S. prosecutors said.



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Germany's Big Firms Pay Price for Small-Town Ties

Many of Germany’s global giants like Adidas and Volkswagen are based in small towns almost unknown outside their home country. These out-of-the-way locations can complicate business travel and make jobs harder to fill.



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Startup Founders Leverage Hot Market for Early Paydays

David Byttow and Chrys Bader won the startup lottery, reaping millions of dollars in cash from Secret, the messaging app they founded. But they didn’t sell their company, stage an IPO or generate any revenue—the typical route to technology riches.



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Floundering Mattel Tries to Make Things Fun Again

After a tough year, maker of Barbie and Hot Wheels overhauls conference-room culture so it can get back to thinking about toys.



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Ranking the Top 20 Finance Chiefs

Macy’s chief financial officer Karen Houget leads the Journal’s Top 20 ranking of CFOs this year. Nipping at her heels were Union Pacific’s Robert Knight and Comcast’s Michael Angelakis.



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Dish Boss Racks Up TV Brawls

Charlie Ergen, chairman of satellite-TV provider Dish Network, is a renowned card shark. Lately, he’s been playing some high-stakes poker with the media industry’s giants.



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North Korea Internet Service Appears Restored

North Korea’s domestic Internet service appeared to be restored on Tuesday morning, following an outage that lasted more than nine hours, according to cybersecurity research firms and North Korea watchers.



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Iron-Ore Producer Bets on Midwest

As global iron-ore prices fell almost 50% in the past year, Cliffs Natural Resources’ CEO argued his company benefits from having a captive market.



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Oracle Agrees to Buy Datalogix Holdings

Oracle agreed to buy startup Datalogix, an important advertising partner to Google and Facebook. The deal shows how big software companies are refashioning themselves into marketing powerhouses.



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Telstra Expands in Asia

Telstra Corp., Australia’s dominant telecoms provider, has reignited its Asian expansion drive with a $697 million purchase of Pacnet, Asia’s biggest operator of subsea cables.



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Halliburton-Baker Hughes Courtship Was Tense at Times

Halliburton sweetened its final offer slightly from its first bid for rival Baker Hughes, in what it revealed was a sometimes-tense courtship between the two oil-field services companies.



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Boeing May Have Benefited From Alleged Change In NASA Contract Scoring

A legal battle over Boeing Co.’s $4.2 billion contract to transport U.S. astronauts into orbit may hinge on whether the company benefited from an alleged last-minute change by NASA in its criteria for picking winning bids.



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Tuna Brands Could Merge

Bumble Bee Seafoods could eventually be merged with canned tuna competitor Chicken of the Sea International once both are under the control of Thai Union Frozen Products, said Christopher Lischewski, president and chief executive of Bumble Bee.



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Chesapeake Completes Asset Sale to Southwestern

Chesapeake Energy Corp. has completed a sale of West Virginia and Pennsylvania assets to Southwestern Energy Co. for $4.975 billion.



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U.S. Approves Skin Cancer Treatment

The FDA granted accelerated approval to Bristol-Myers’s skin-cancer treatment Opdivo, which uses the body’s immune system to fight tumors.



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Alibaba's Tmall Global Site Stumbles

Alibaba’s Tmall Global shopping platform is failing to live up to its early billing as a “fast track into China” for foreign brands new to the mainland, say brands and online-shopping consultants.



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The Future of Cars Looks Very Different

The car business is embracing a new aesthetic: one where autos become part of a networked world, make decisions on the fly and offer utility that extends beyond transportation.



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Trump Taj Mahal to Stay Open Into New Year, Lawyer Says

The Trump Taj Mahal will remain in operation through Christmas and into the New Year, due to a $20 million loan from secured lender Carl Icahn, a lawyer for the casino operator said Monday.



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FTC Puts Conditions on Lilly's Deal to Buy Novartis Unit

The Federal Trade Commission said it put conditions on Eli Lilly and Co.’s proposed deal to buy Switzerland-based Novartis AG’s Animal Health division.



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Brazil's Rousseff Has No Plans to Change Management at Petrobras

Brazilian President Dilma Rousseff said Monday she has no plans to make changes among the management at scandal-plagued state-controlled oil company Patroleo Brasileiro SA, or Petrobras.



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American Apparel Weighs Buyout Offer

American Apparel Inc. said Monday that it is considering an offer to sell itself at a premium of 31% to Friday’s close, while also announcing the appointment of its first female board chairwoman.



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Caesars Merger Seen Aiding Debt

Caesars Entertainment agreed to acquire affiliate Caesars Acquisition in a stock-for-stock merger that will better position the $18.4 billion debt load of its largest unit.



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Achillion Says Hepatitis Studies Show Strong Results

Achillion Pharmaceuticals said that a regimen intended to treat hepatitis C patients showed strong results amid an increasingly competitive market for drugs to fight the disease



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Ontario Teachers' to Buy PODS Enterprises

Ontario Teachers’ Pension Plan said it has agreed to acquire PODS Enterprises Inc., a Florida-based moving and storage company, from Bahrain-based investment firm Arcapita.



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Clashes Break Out Over Myanmar Copper Mine

A woman was killed and dozens of others injured in clashes with police over a copper mine in central Myanmar, activists said, just after a state-run Chinese company said it would resume construction at the site.



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Oracle Buys Ad-Analytics Firm Datalogix

Oracle said Monday that it bought advertising-analytics company Datalogix in its latest bid to beef up its cloud offerings.



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Air China to Buy 60 Boeing 737 Jets

Boeing Co. said Monday that Air China Ltd. has committed to buying 60 of its singe-aisle jets, as orders for new jetliners continue to pour in from growing Chinese carriers.



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Car Safety Gear Cuts Traffic Deaths

Deaths in U.S. car crashes have fallen by about a quarter in the last decade, new federal data show, as safety features in newer models have powered a drop in fatalities even as auto-safety recalls have surged.



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Rosneft, Morgan Stanley Oil Business Deal Collapses

Rosneft’s planned acquisition of Morgan Stanley’s oil-trading and storage business has collapsed after the companies failed to win regulatory approval, amid tensions between the governments of the U.S. and Russia.



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Court Denies Family Dollar Shareholder Move

A Delaware court has denied a motion brought by Family Dollar Stores Inc. shareholders to block Tuesday’s vote on the company’s proposed tie-up with Dollar Tree Inc.--a move intended to push the company to negotiate with rival Dollar General Corp.



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Tesco Corp. Cuts Outlook

Tesco Corp. slashed its outlook for its current quarter on Monday, saying the rapid decline in energy prices is hampering demand for its drilling equipment.



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Tesco Faces Fresh Accounting Investigation

The U.K.’s Financial Reporting Council said it has launched an investigation into Tesco’s accounts for fiscal 2012, 2013 and 2014, following the recent accounting scandal at the supermarket chain.



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Airbus Delivers First A350 to Qatar Airways

Airbus has delivered its first A350 twin-engine jetliner to Qatar Airways, capping a $15 billion dollar development program.



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Rosneft Repays $7 Billion of TNK-BP Bridge Loan

Oil giant OAO Rosneft said it has paid back $7 billion of a bridge loan it had taken to acquire TNK-BP, the largest foreign debt repayment by a Russian company since Western sanctions were imposed.



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Thomas Kwok to Be Sentenced Tuesday

A judge is set to announce sentences on Tuesday for billionaire real-estate developer Thomas Kwok, Hong Kong’s former No. 2 official and two others convicted on corruption charges, in a trial that has riveted the city.



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Australia's Infrastructure Plans Spur Deals

The winners and losers of Australia’s Tony Abbott’s call last year to become an “infrastructure prime minister” are becoming clearer after a raft of deal-making.



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Caesars Entertainment to Acquire Affiliate

Caesars Entertainment plans to acquire affiliate Caesars Acquisition in a stock-for-stock merger, according to people familiar with the matter.



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China's Hopu Among Xiaomi Investors

Chinese private-equity firm Hopu Investment Management is among investors putting a total of just over $1 billion into Xiaomi in a deal valuing the smartphone maker at over $45 billion, according to a person familiar with the situation.



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New Hepatitis C Drug Gets Helping Hand

Express Scripts will make an AbbVie drug the exclusive option for patients with the most common form of hepatitis C. The move will help the drug maker take market share from Gilead, maker of Sovaldi.



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FDA Oversight in the Internet Age

An FDA rebuke of televised comments made by Aegerion’s CEO—which led the company to air a TV commercial correcting the statements—was prompted by complaints from a government drug reviewer, according to emails viewed by The Wall Street Journal.



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Nissan to Make More Cars in Japan, Boost Exports Next Year

Nissan Motor plans to make more cars in Japan and boost exports next year, Chief Executive Carlos Ghosn said Friday.



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Thaw Boosts Cuba-Asset Claims

Now that the U.S. is moving to normalize relations with Cuba, the countries will have to deal with claims, valued at over $7 billion, from firms whose property was nationalized.



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Midtier Oil Explorers Suffer With Price Drop

Midtier exploration and production companies live or die on oil prices as they don’t have side businesses like refining and processing to insulate them. Tullow Oil PLC is one of the ones currently suffering.



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Monday's Deluge to Test UPS's New System

UPS all year has been focused on one day above the rest: Monday Dec. 22, when it will deliver 34 million packages, more than any other in its history—putting a new high-tech sorting system to the test.



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Uneasy Rider: Boomer Deaths in Motorcycle Crashes Jump

Motorcycle riders between 55- and 64-years-old accounted for 16.3% of motorcycle crash deaths in 2013, up from 9.3% a decade earlier and less than 3% in the early 1990s, according to statistics from the U.S. traffic safety agency.



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Sony Aims to Release 'The Interview,' but How?

The aborted release of “The Interview” has led to follow-up questions for Sony Pictures Entertainment, as the Hollywood studio’s outside attorney insisted the film “will be distributed.” The chief hurdle: how?



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Railcar Bottleneck Looms for Oil

Thousands of tank cars are likely to be idled because there aren’t enough shops to retrofit tank cars that carry flammable liquids in time to meet proposed federal guidelines, a railway trade group says.



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Ferrovial Abandons Transfield Bid

Ferrovial abandoned a takeover bid for Australia’s Transfield Services, a major setback in the Spanish construction company’s plan to compete for billions of dollars of new infrastructure projects Down Under.



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Former Petrobras Executive Gives Computer Data to Prosecutors

Documents purportedly show that the company’s chief executive and board of directors were made aware of an alleged bribery scheme as early as 2009.



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'The Hobbit' Wins Box Office Battle

Latest in Middle Earth saga bests ‘Museum,’ ‘Annie’ with $56.2 million over the weekend.



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Walgreen Prepares to Steer a Global Course

The Week Ahead: Walgreen, the largest U.S. drugstore chain, is going to find out if bigger means better, as it nears a shareholder vote on completing its planned merger with European counterpart Alliance Boots.



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Dish Drops Two Fox Channels

Dish Network Corp. is no longer carrying Fox News Channel or Fox Business Network after the parties couldn’t agree on terms of a new distribution pact.



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China's Xiaomi Raises $1 Billion in Investment Round

Xiaomi is raising more than $1 billion in its latest round of funding, valuing the fast-growing Chinese smartphone maker at more than $45 billion, a person familiar with the matter said



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St. Croix Refinery to Stay Closed After Vote

The mothballed refinery on St. Croix will stay closed after the U.S. Virgin Island’s Legislature voted overwhelmingly against letting a new owner take over the plant.



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Can Wal-Mart Clerks Ship as Fast as Amazon Robots?

Retailers’ answer to the threat of Amazon.com is something called ‘omnichannel’—an attempt to use one set of inventory and assets to fill all orders. Wal-Mart, Macy’s and Target are relying on the approach more heavily than ever this holiday season.



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Ruble Pressures Auto Makers to Rethink Russia Business

Car makers aren’t pulling out of Russia yet, but they are growing increasingly nervous and moving to control the damage from plunging consumer demand and exposure to Russia’s swooning currency.



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More Indictments Seen in Petrobras Corruption Scandal

Brazilian authorities are likely to issue indictments against a third former Petroleo Brasileiro SA executive and several high-ranking local politicians.



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Old Planes Get New Lease on Life

Falling oil prices promise lower fuel costs for many of the world’s airlines. They also may give older jets a new lease on life.



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Bombardier Secures Launch Operator for CSeries

Bombardier said it had secured a new launch operator for its CSeries jet, clearing a significant commercial hurdle for the Canadian company’s plan to deliver the new 125-passenger plane in the second half of 2015.



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Wal-Mart Latin America Chief to Head Mexico Unit

Wal-Mart Stores said the head of its Latin American business will also take over as chief executive of its Mexican and Central American operation, Wal-Mart de Mexico.



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Nissan to Make More Cars in Japan, Boost Exports Next Year

Nissan Motor plans to make more cars in Japan and boost exports next year, Chief Executive Carlos Ghosn said Friday.



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Paychex Earnings Grow on Strength of New Products

Paychex said higher revenue thanks to a new health-insurance product in its human-resources segment helped drive results in the second quarter, a sign the company’s strategy to diversify its offerings is paying off.



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Carnival Swings to Loss

Carnival swung to a loss in its November quarter as improvements to ticket prices and onboard spending were wiped out by a heavy fuel derivative charge.



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Dollar General Still in Talks With Regulators on Family Dollar

Dollar General said Friday that it is still in discussions with U.S. regulators about its unsolicited offer to buy Family Dollar Stores, but it didn’t elaborate on what divestitures regulators may require to approve the deal.



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China Investigates Executive at Nissan Joint Venture

A Chinese executive at Nissan Motor’s China joint venture is under investigation for alleged corruption, as Beijing’s antigraft drive continues to focus on state-run companies.



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European Panel Gives Positive Opinion on Celgene Cancer Drug

Celgene said Friday a European regulatory committee has given a favorable opinion of its blood-cancer drug, a positive indicator the European Commission could approve the drug for use in untreated cases.



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CarMax Tops Expectations as Sales, Traffic Rise

CarMax said used-car sales drove increases in profit and overall sales in the most recent period, as the company enjoyed its sixth-straight quarter of customer-traffic growth.



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Finish Line Lowers Outlook on Margin Pressure

Finish Line Inc. lowered its earnings outlook for the year on Friday citing margin pressures, a sign sporting-apparel retailers are also feeling the impact of a weak retail environment.



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Airbus Chosen for European Tanker Plane Contract

Airbus Group has been selected by three European countries to provide their future airborne refueling jet over a rival offering from Boeing.



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BlackBerry's Loss Narrows

BlackBerry signaled that its turnaround effort is ahead of schedule, posting a small operating profit in the fiscal third quarter and achieving positive cash flow earlier than it had targeted.



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American Airlines Reaches Deal With Flight Attendants Union

American Airlines Group said Friday that it had reached a joint collective-bargaining deal with the union representing 24,000 flight attendants.



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Air France-KLM Again Cuts Outlook

Air France-KLM SA on Thursday cut its 2014 earnings outlook by $250 million, linking it to continued price weakness and the effects of a 14-day pilots strike.



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Roche Hit by Failure of Cancer Drug Trial

Roche said a late-stage study of its breast cancer drug Kadcyla failed to yield superior results to an existing treatment, damaging the outlook for stronger sales in one of its key drug markets.



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Samsung to Raise Dividend Payout

Samsung said it intends to raise its annual dividend payout for this year by 30% to 50%, a move that will come as good news to shareholders who have been clamoring for higher returns.



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Fosun Sweetens Club Med Bid

Fosun and its partners yet again raised their offer for Club Méditerranée, highlighting the conglomerate’s determination to win a protracted takeover battle for the French resorts operator.



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France Fines Consumer-Product Firms

France’s antitrust authority said it has fined a dozen personal and home-care products companies a total of nearly €1 billion, or about $1.23 billion, for anticompetitive practices between 2003 and 2006.



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Thomas Kwok Found Guilty Of Corruption

A jury in Hong Kong found Thomas Kwok, the co-chairman of one of Hong Kong’s biggest property developers, guilty in a corruption trial involving the city’s former No. 2 official, but found his brother, Raymond, not guilty.



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BASF, Gazprom Call Off Asset Swap

Germany’s BASF SE, the world’s largest chemical company by revenue, and Russia’s OAO Gazprom have called off an asset-swap deal amid mounting political tensions between Russia and the West, BASF said.



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German Consumer Sentiment to Hit Eight-Year High

German consumer confidence is set to start the new year on a strong note, hitting its highest level in eight years, a sentiment survey showed.



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BAT Settles Flintkote Litigation

British American Tobacco has agreed to settle a long-running dispute over dividend payments and asbestos claims with Flintkote for $575 million.



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Amazon Confirms Rollout of One-Hour Delivery Service

Amazon on Thursday launched a new service in Manhattan to deliver daily essentials such as shampoo, paper towels and toys within an hour.



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Arizona State Completes Deal for Troubled Business School

Arizona State University has completed its deal to take over the Thunderbird School of Global Management, the last chapter in what has been a yearslong saga for the troubled Glendale, Ariz., business school.



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U.S. Struggles for Response to Sony Hack

The White House is walking a fine line in its search for a response to North Korea’s apparent hack of Sony Pictures, a breach that doesn’t align with the scenarios laid out in the government’s contingency plans for cyberattacks.



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Samsung Says 'Cya' to Messaging App

Samsung said it would discontinue ChatON, a mobile-messaging chat service that it had promoted heavily in recent years.



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Tokyo's Haneda Airport Takes Off

Haneda is challenging cross-town Narita International Airport as Japan’s primary international gateway, and global airlines are scrambling to add flights to meet the growing demand.



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Thai Union to Buy Bumble Bee Seafoods

Thai Union Frozen Products, the world’s largest seafood company by sales and owner of Chicken of the Sea, has agreed to purchase Bumble Bee Seafoods from Lion Capital for $1.51 billion.



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Canadian Companies Operating in Cuba Prepare for Change

After operating for decades in a Cuba with no American presence, Canadian firms are eyeing the potential normalization of U.S.-Cuban relations with caution.



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Toledo Rallies to Remain Jeep's Home

Without being asked, Toledo, Ohio, is putting together incentives to help it remain the home of the Jeep Wrangler, a vehicle with deep economic and emotional ties to the area, in a sign of how cities aggressively offer aid to corporations.



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Cuba-U.S. Thaw Could Heat Up Cigar, Rum Sales Fights

If the Obama administration’s move to normalize ties with Cuba does lead to an end to the U.S. embargo, it could reignite battles over the U.S. rights to sell two of the island’s most prized exports: cigars and rum.



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Forget the Mall: Buy Direct From China

The Game: Amazon and Wal-Mart have long been America’s main conduits for cheap, mass-produced goods from China’s factory floors. But who needs stores anymore? You can buy direct, writes Dennis Berman.



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Mexican Drug Cartels Will Challenge Energy Investors

As Mexico opens its energy sector to private investors, the vicious drug cartels that control parts of northern Mexico pose a hurdle.



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Deezer Names New CEO

Deezer, the French music streaming service, has appointed a new boss as it prepares for a full-scale launch in the already crowded U.S. market.



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MSG to Consider Further Breakup

Madison Square Garden, which said in October that it would explore separating its entertainment businesses from its media and sports operations, added Thursday that it would consider breaking up further.



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France's Atos to Buy Xerox IT Outsourcing Unit

Computer-services company Atos SA will buy Xerox’s information technology outsourcing business for $1.05 billion in cash, a deal that would bolster the French company’s position in the U.S.



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RadioShack Marketing Chief Leaves Company

RadioShack said its head of marketing is leaving the company, the second top level executive departure in the middle of its all-important holiday sales drive, as the electronics chain tries to stave off bankruptcy.



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DuPont Names Performance Chemicals Spinoff

DuPont said it plans to name the new public company created by the spinoff of its company’s performance chemicals business the Chemours Co.



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American Apparel Approached About Possible Takeover

American Apparel has been approached by Irving Place Capital about a possible takeover, according to people familiar with the matter.



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Unilever Drops Mayonnaise Suit

Unilever PLC on Thursday said it is withdrawing a high-profile lawsuit it filed against a California food startup over the marketing of mayonnaise.



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U.S. Firms Examine Prospects of Cuba Trade

The White House’s move to normalize ties with Cuba could give U.S. companies access to a market that’s been largely off-limits for more than a half century but has less commercial allure than it once did.



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After Sony Hack, Hollywood Searches for a New Villain

Ripples from Sony Pictures’ decision not to release its controversial comedy “The Interview” immediately reached other entertainment projects in the works as producers and studios sought to distance themselves from productions involving North Korea.



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Electric Utilities Brace for New EPA Rules

The Environmental Protection Agency’s regulations, due Friday, are aimed at the storage of millions of tons of waste ash produced by coal-fired power plants around the country.



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Luxembourg Agrees to Share Details of Corporate Tax Deals

Luxembourg agreed Thursday to share with the European Commission information on tax deals secured by multinational companies with operations in the small nation.



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CommerceHub Acquires E-Commerce Adviser Mercent

Liberty Media’s CommerceHub is set to announce Thursday it has agreed to acquire e-commerce advisory firm Mercent as it seeks to broaden its clients’ reach online, particularly through Amazon Inc. and Google Inc.



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Brazil Panel Ends Petrobras Inquiry

An eight-month inquiry into alleged malfeasance at Brazilian state-oil company Petroleo Brasileiro SA by a special committee in Brazil’s Congress ended Thursday with recommendations that prosecutors indict 52 individuals.



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Winnebago Earnings Fall Due to Labor Inefficiencies

Recreational-vehicle manufacturer Winnebago Industries Inc. reported disappointing first-quarter earnings due to labor constraints, as well as the falling average sale price of its motor homes.



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Deere to Sell Crop-Insurance Ops

Deere agreed to sell its crop-insurance business to Farmers Mutual Hail Insurance of Iowa, following a strategic review of the unit that began in September.



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Macmillan, Amazon Reach New Deal

Amazon.com and Macmillan have struck a new multiyear agreement covering the sale of print and digital books, assuring that Amazon will continue to sell and promote Macmillan titles during the holiday selling season.



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Chinese Car Maker BYD's Shares Plunge

An executive at Warren Buffett-backed BYD Co. said the company’s operations were normal despite shares in the Chinese electric-car maker falling as much as 47% on Thursday.



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Drahi Sets Sights on French Weekly

Franco-Israeli businessman Patrick Drahi is lining up to bid for French weekly magazine L’Express, according to people familiar with the matter, signaling his rising interest in the media business.



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Aer Lingus Board Rejects IAG Bid

The board of directors of Irish carrier Aer Lingus has rejected a takeover bid by British Airways parent International Consolidated Airlines Group.



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Couche-Tard to Buy Pantry for $860 Million

Southeastern convenience-store chain Pantry agreed to be bought by Alimentation Couche-Tard for about $860 million.



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Merck Acquires OncoEthix for Up to $375 Million

Merck & Co. acquired privately held OncoEthix for up to $375 million, its latest push into the oncology market as the pharmaceutical giant continues bolstering its research-and-development pipeline.



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Dunkin' Donuts Lowers Sales Target

The parent company of Dunkin’ Donuts and Baskin-Robbins lowered a key 2014 sales target and issued disappointing 2015 earnings guidance, citing consumer pressures and decelerating packaged coffee sales.



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SAS Cuts Costs as It Swings to Loss

Scandinavian airline SAS swung to a fiscal fourth-quarter net loss, scrapped its dividend and launched another cost-cutting program to offset falling fares amid cutthroat competition from low-cost rivals.



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