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SocGen Affirms Rosbank Commitment

Thu, 05/16/2013 - 7:13pm
Société Générale CEO Frédéric Oudéa said the bank remains fully committed to its Russian affiliate Rosbank, even as the unit's chief was charged with bribery by Russian authorities.

Ex-CEO Sues Tuesday Morning

Thu, 05/16/2013 - 5:55pm
The ousted chief executive of Tuesday Morning is suing her former employer, alleging she was discriminated against after developing breast cancer.

Mexico Seeks More U.S. Natural Gas

Thu, 05/16/2013 - 5:39pm
Pemex says a pipeline under construction from Texas to central Mexico will benefit the country's auto industry.

Vodafone Signs Deutsche Telekom Deal

Thu, 05/16/2013 - 5:26pm
Vodafone Group will soon be able to offer broadband and TV services over fixed-lines across Germany after signing an agreement with Deutsche Telekom to use its network.

Canadian Prime Minister Lobbies U.S. for Pipeline

Thu, 05/16/2013 - 5:23pm
Canadian Prime Minister Stephen Harper took his lobbying on the controversial Keystone XL pipeline directly to the U.S. in an appearance in New York, saying the facts support the project's approval.

Dish Raises $2.6 Billion for Sprint Bid

Thu, 05/16/2013 - 5:21pm
Dish Network raised $2.6 billion through a sale of junk bonds to back a $25.5 billion takeover bid for Sprint Nextel, a deal whose status is far from certain.

Richemont Chairman to Take a Break

Thu, 05/16/2013 - 4:27pm
Richemont Chairman Johann Rupert surprised investors by saying he would take a one-year sabbatical as the world's second-largest luxury company reported its strongest-ever full-year results.

With Sale of Brazil Consumer Business, Citi Empire Shrinks Further

Thu, 05/16/2013 - 3:50pm
The sale of Credicard marks the end of a century-long struggle by Citi to buy itself a large foothold in the region.

J.P. Morgan Seeks Bloomberg Data

Thu, 05/16/2013 - 1:51pm
J.P. Morgan Chase sent a formal demand letter to Bloomberg this week, asking the company to show logs of all staff members who searched activities of J.P. Morgan subscribers since 2008.

What's a CEO Worth?

Thu, 05/16/2013 - 1:38pm
Corporate directors kept CEO pay largely flat in 2012, for a second consecutive year. The compensation of CEOs at 300 big U.S. companies rose a median 3.6% to $10.1 million, a Hay Group/WSJ analysis found.

NBC Says Olympic Ad Sales Are Strong

Thu, 05/16/2013 - 12:03pm
Comcast's NBCUniversal unit is projecting advertising sales of more than $800 million for the Olympic Games next year in Russia, which would be a record for the Winter Games.

Cisco's Profit Boosted by Services

Thu, 05/16/2013 - 11:41am
Cisco's profit grew 14% as the network-equipment firm posted improved revenues from both its main segments, led by services sales. Shares surged nearly 6% after-hours.

What the Well-Dressed Fracker Is Wearing

Thu, 05/16/2013 - 11:25am
Demand is rising for "frackwear"—sturdy shoes and fire-resistant clothes— that oil and gas workers can wear to protect themselves from wires and explosions.

Google Joins Supercomputing Project

Thu, 05/16/2013 - 11:08am
Google plans to help create a new laboratory to study quantum computing, a high-profile endorsement of the esoteric technology—and D-Wave Systems, the Canadian company that has been pursuing it since 1999.

New Groupon CEO Unlikely Until Next Year

Thu, 05/16/2013 - 9:55am
Groupon isn't likely to name a permanent new chief executive until next year, the daily-deal company's interim chiefs said Wednesday.

Tech Firms Press to Shape Visa Rules

Thu, 05/16/2013 - 9:41am
Senators reviewing an immigration bill are battling behind the scenes over new visa rules, a fight that pits Silicon Valley against some lawmakers who say the industry must do more to boost American workers.

Drug Firms Stalk Actavis

Thu, 05/16/2013 - 9:20am
A heated takeover battle has erupted around generic-drug company Actavis. Novartis is considering whether to enter the fray, while Valeant and Mylan are evaluating their options after approaches they made for Actavis were rebuffed.

Restaurants Slam Bid to Fortify Drunk-Driving Rules

Thu, 05/16/2013 - 9:16am
Restaurant groups criticized an NTSB recommendation that states adopt a stricter threshold for legal blood-alcohol levels in automobile drivers.

Platts Fought Push for Regulation

Thu, 05/16/2013 - 9:14am
The pricing firm that was investigated as part of a probe into alleged oil-benchmark fixing has resisted efforts at regulation in the past.

Microsoft, South Korea End Dispute

Thu, 05/16/2013 - 6:54am
Microsoft and the South Korean military ended a three-year dispute over more than $12 million in license payments.