Oil Prices Fall After OPEC Stays Put

Related Link: 

OPEC members agreed to stick to the oil-producer group’s existing output target—a move that would require modest cuts in production but which stops well short of the stronger action some members had called for to bolster prices.

Firm Makes Water-Jet Bet

Related Link: 

American Industrial Partners bets it can transform ’water-jet technology,’ which slices through glass, metal and granite, into a bigger and faster-growing business.

Europe Targets U.S. Web Firms

Related Link: 

Europe escalated its war against U.S. technology superpowers as the Continent’s two largest economies and the European Parliament backed efforts to rein in the influence of Apple, Facebook and Google.

Petronas to Review Spending

Related Link: 

Malaysia’s national oil-and-gas company Petronas said it is reviewing its spending plans for next year after reporting a 14% decline in third-quarter net profit on falling crude prices, even as it increased output.

Rio Tinto, BHP Chart Divergent Courses

Related Link: 

As BHP Billiton executives work on plans to slim down their business, their counterparts at Rio Tinto are taking a different tack.

GoPro Developing Consumer Drones

Related Link: 

GoPro is developing its own line of consumer drones to expand from its core business of making wearable video cameras popular with surfers and other sports enthusiasts.

Novartis Heart-Failure Treatment to Get Speedy EU Review

Related Link: 

Novartis said an important new drug for treating heart failure has been granted an accelerated review by European authorities, improving its chances of approval in Europe next year.

Outbrain Files for Possible Nasdaq Listing

Related Link: 

Outbrain, a pioneer in native advertising—ads that are meant to be more integrated into a website—filed confidentially earlier this month for preliminary approval to list on the Nasdaq Stock Market.

Wal-Mart Makes Cuts in China

Related Link: 

Wal-Mart Stores Inc. is cutting nearly 30 directors and midlevel managers in China, where the retailer is pushing to contain costs and improve slumping sales.

E.On to Sell Spanish Assets

Related Link: 

German power utility E.ON has agreed to sell its Spanish assets to Australia’s Macquarie Group and Kuwait’s sovereign-wealth fund in a deal worth $3.1 billion.

Syndicate content