Mitsubishi Corp. to Take Strategic Stake in Olam International

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Japanese conglomerate Mitsubishi Corp. will take a strategic stake in Singapore-listed commodities trader Olam International Ltd. for the equivalent of $1.1 billion, the latest move by growth-hungry Japanese firms looking for opportunities beyond their home market.

Sprint Takes Aim at AT&T

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Sprint said it would give away a free year of wireless service to DirecTV subscribers who switch to the carrier—a direct attack on AT&T Inc., which recently completed a $49 billion acquisition of the satellite TV provider.

GameStop Profit Rises

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GameStop said its earnings rose 2.8% as the videogame retailer’s efforts to expand its product lines helped buoy sales but raised costs for the quarter ended in August.

Bank Scrambles to Price Funds After Glitch

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Computer problems plagued the U.S. asset-management industry for a fourth day, causing hundreds of mutual and ETFs to miscalculate the value of fund assets.

Ukraine Secures Debt-Relief Deal

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Ukraine’s government secured a vital debt-relief deal, the country’s finance ministry said, a key step toward unlocking billions of dollars in emergency financing.

Icahn Discloses Stake in Freeport-McMoRan

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Activist investor Carl Icahn disclosed a stake in Freeport-McMoRan Inc. on Thursday, saying shares are undervalued and that he plans to talk with management.

U.S. Stocks Rally Amid Recovery in Global Markets

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Stocks soared for the second day in a row, with the Dow Jones Industrial Average erasing its losses for the week, as renewed optimism about the U.S. economy eased concerns about the pace of global growth.

Surge and Setback for Asia's Bankers

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The market crash in China and weakness across Asia is providing a short-term boost to investment-banking revenues, but the picture for several Wall Street businesses is grimmer in the longer term.

NLRB Ruling Puts More Companies on the Hook for Temporary Workers

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A federal labor ruling released Thursday could put thousands of companies on the hook for workplace disputes and union-organizing matters involving temporary and franchise workers.

UberChina Closing In on $1 Billion in New Funding

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The Chinese affiliate of Uber is close to securing about $1 billion in new funding from investors in the region, part of the ride-hailing company’s rivalry with deep-pocketed Chinese rival Didi Kuaidi

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