Shale Proves Tough to Crack Outside U.S.

Wall Street Journal - Thu, 03/19/2015 - 9:10am
After pouring billions of dollars down dry holes in Europe and Asia, Western oil companies including Chevron, Exxon and Shell are pulling back on efforts to bring the shale revolution to fields outside the U.S.
Categories: Business

Jana Partners Sells 20% of Firm

Wall Street Journal - Thu, 03/19/2015 - 8:56am
Jana Partners sold a 20% stake in its firm to a Neuberger Berman business, the latest sign that the broader investing world is embracing activism.
Categories: Business

Scotiabank Files Lawsuit Against Cliffs Over Canadian Mine Loans

Wall Street Journal - Thu, 03/19/2015 - 8:52am
Cliffs Natural Resources Inc. said Thursday that Canadian lender Bank of Nova Scotia has filed a lawsuit against it, seeking an award of more than $52 million for alleged breaches of loan obligations related to the miner’s Canadian Bloom Lake iron-ore mine.
Categories: Business

Father Fights to Oust President Daughter

Wall Street Journal - Thu, 03/19/2015 - 8:42am
The latest clash in Japanese corporate governance pits a father against his daughter in a fight over a furniture retail chain.
Categories: Business

AstraZeneca, Daiichi Sankyo to Sell Constipation Drug in U.S.

Wall Street Journal - Thu, 03/19/2015 - 8:42am
AstraZeneca will partner with the U.S. unit of Daiichi Sankyo to launch constipation drug Movantik in the U.S. early next month, under a deal potentially valued at up to $825 million.
Categories: Business

N.J. to Allow Sales From Tesla Company-Owned Dealerships

Wall Street Journal - Thu, 03/19/2015 - 8:38am
Tesla Motors can sell vehicles from company-owned dealerships in New Jersey after Gov. Chris Christie signed a bill allowing up to four locations.
Categories: Business

Nucor Warns of Earnings Miss

Wall Street Journal - Thu, 03/19/2015 - 8:37am
Steelmaker Nucor warned that it would post lower-than-expected earnings for the first quarter, pointing to higher import numbers pressuring margins and low steel prices.
Categories: Business

India Won't Make Retrospective Changes to Tax Laws

Wall Street Journal - Thu, 03/19/2015 - 8:34am
A pledge by India’s new government not to initiate new cases under the country’s retroactive-tax law doesn’t mean that tax claims already being pursued will be dropped, a top Finance Ministry official said.
Categories: Business

Mining Revival Spurs Tensions in Midwest

Wall Street Journal - Thu, 03/19/2015 - 8:22am
Residents of a remote community on Michigan’s northern peninsula split over whether economic benefits of a proposed limestone mine outweigh concerns about potential harm to the area’s rural lifestyle.
Categories: Business

Rheinmetall Forecasts Defense Turnaround

Wall Street Journal - Thu, 03/19/2015 - 8:21am
German weapons maker posted a near 38% slide in group net profit for 2014.
Categories: Business

Owens-Illinois CFO Leaving for Aramark

Wall Street Journal - Thu, 03/19/2015 - 7:57am
Owens-Illinois Inc. Chief Financial Officer Stephen P. Bramlage Jr. will leave the glass-bottle maker at month’s end to become the financial chief at Aramark.
Categories: Business

Hewlett-Packard to Raise Dividend by 10%

Wall Street Journal - Thu, 03/19/2015 - 7:49am
Hewlett-Packard said its board approved a 10% increase in the tech giant’s quarterly dividend, set to take effect with the next announced payout to shareholders, anticipated in May.
Categories: Business

Bank Demand for ECB Loans Rises

Wall Street Journal - Thu, 03/19/2015 - 7:41am
Banks borrowed €97.8 billion in four-year loans from the central bank in program to spur new credit to the private sector—separate report heralds an improved outlook for the 19-member eurozone.
Categories: Business

Lilly, Hanmi in Autoimmune Treatment Deal

Wall Street Journal - Thu, 03/19/2015 - 7:37am
Eli Lilly agreed to collaborate with Hanmi Pharmaceutical to develop Hanmi’s treatment for autoimmune diseases such as rheumatoid arthritis and lupus.
Categories: Business

Philips Plans IPO of Lighting Business

Wall Street Journal - Thu, 03/19/2015 - 6:47am
Dutch electronics group Philips said it plans to spin off its lighting business in an initial public offering next year.
Categories: Business

Champagne Makers See Opportunity in Weak Euro

Wall Street Journal - Thu, 03/19/2015 - 4:35am
A strong economy and surging consumer confidence is boosting sales of Champagne in the U.S. But the euro, which has slid to a 12-year low against the dollar, has producers of the French bubbly especially giddy.
Categories: Business

Report Warns of Chinese Municipal Debt Risks

New York Times - Business News - Thu, 09/26/2013 - 3:49am
Nomura analysts say local governments increased their debt by nearly 40 percent in 2011 and 2012, creating systemic dangers.

Categories: Business

DealBook: BlackBerry Buyout Offer Raises Array of Questions

New York Times - Business News - Tue, 09/24/2013 - 3:07pm
BlackBerry said that it had reached an agreement to sell the company for $9 a share to a group led by Fairfax Financial Holdings.

Categories: Business

DealBook Column: As JPMorgan Settles Up, Shareholders Are Hit Anew

New York Times - Business News - Tue, 09/24/2013 - 10:52am
The $920 million JPMorgan Chase agreed to pay to settle S.E.C. civil allegations is coming from the firm’s shareholders, who already took a $6 billion hit.
Categories: Business
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