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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.
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.
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.
The latest clash in Japanese corporate governance pits a father against his daughter in a fight over a furniture retail chain.
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.
Tesla Motors can sell vehicles from company-owned dealerships in New Jersey after Gov. Chris Christie signed a bill allowing up to four locations.
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.
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.
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.
German weapons maker posted a near 38% slide in group net profit for 2014.
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.
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.
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.
Eli Lilly agreed to collaborate with Hanmi Pharmaceutical to develop Hanmi’s treatment for autoimmune diseases such as rheumatoid arthritis and lupus.
Dutch electronics group Philips said it plans to spin off its lighting business in an initial public offering next year.
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.
Nomura analysts say local governments increased their debt by nearly 40 percent in 2011 and 2012, creating systemic dangers.
BlackBerry said that it had reached an agreement to sell the company for $9 a share to a group led by Fairfax Financial Holdings.
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.