Wall Street Journal
TNK-BP Selects Barsky as New CEO
In a widely-expected move, BP's Russian joint venture TNK-BP confirmed that it will appoint Maxim Barsky as its new Chief Executive.
Mediaset's Race With Sky Heats Up
Italy’s Mediaset will offer on-demand TV through a new digital terrestrial decoder, as it boosts its pay-TV offering in an increasingly competitive race with rival News Corp.’s Sky Italia.
Galaxy Seeks Up to $1 Billion in Debt for Casino
Galaxy Entertainment Group, one of Macau's six casino operators, is seeking to raise up to $1 billion in debt to fund the development of its flagship project in Cotai.
U.K. Watchdog Says Nexavar Is Too Expensive
In another sign of growing opposition to high cancer-drug prices, a U.K. regulator Thursday said Britain's state health system shouldn't pay for the liver-cancer drug Nexavar, calling its price tag "simply too high."
Ferrero May Shed Insular Style
Ferrero by weighing a Cadbury offer is switching gears from the insular style that has guided the company for more than a half a century.
Taiwan Rejects Bid for Nan Shan
Taiwan rejected a bid to buy AIG's Taiwan unit Nan Shan Life Insurance by a consortium comprising Primus Financial Holdings Ltd. and China Strategic Holdings.
Deutsche Bank Ex-CEO Faces Fraud Case
German prosecutors filed criminal fraud charges against former Deutsche Bank chief Breuer, alleging the executive gave false testimony during a high-stakes lawsuit.
New Link in Galleon Case
A defendant accused of exchanging a case of cash for inside information has ties to Galleon's former No. 2 executive—the first link between a top executive at the hedge fund and smaller-time players.
CIC to Invest in Domestic Clean Energy
China Investment Corp. aims to tap increasing demand for clean energy in the country by investing up to $1.21 billion in two companies in the renewable energy sector.
Airbus Takes On Test-Flight Hazards
European aircraft maker Airbus is ratcheting up efforts to cope with a growing aviation hazard: poorly executed flight tests of jetliners emerging from major overhauls.
Newspaper Deliverers Are Probed
New York City officials are examining whether a newspaper-delivery union with a history of ties to organized crime is involved in illegal activity, including taking bribes in exchange for doling out jobs.
Bond Yields Turn Against Life Insurers
Cash-rich life insurers are having trouble putting their money to work as rising prices in the corporate-bond market are driving down yields.
Gemalto Banks on Digital Security
Gemalto says it plans to boost revenue over the next four years through acquisitions and by harnessing growing global demand for electronic passports and security badges.
EU Rebuked Over Intel Case
The EU’s ombudsman said regulators had committed “maladministration” in their case against Intel by not documenting a “potentially exculpatory” witness interview.
Delta Offers Funding Deal to JAL
Delta Air Lines and its SkyTeam alliance partners said that they would provide a $1.02 billion funding package to lure Japan Airlines from the rival Oneworld alliance.
Russia May Invest in Rusal IPO
A state-owned Russian bank is likely to take a stake in the initial public offering of Rusal, marking the first government ownership of the embattled aluminum giant.
Sony: E-Reader Orders Delayed
Sony said it can’t be sure that it will be able to deliver all orders for its forthcoming electronic book reader in time for Christmas.
DirecTV Hires PepsiCo Veteran as CEO
DirecTV selected outgoing PepsiCo executive Michael White as its new chief executive, bringing in an outsider to sustain the pay-TV provider's momentum.
AMD to Pare Debt With Intel Funds
Advanced Micro Devices said it would use its $1.25 billion settlement from Intel to reduce its debt coming due in 2012 by up to $1.4 billion.
DynCorp Says It May Have Broken Law
Defense contractor DynCorp has admitted that it may have violated the Foreign Corrupt Practices Act when it tried to speed up the issuance of visas and licensing related to work for the U.S. government overseas.