Exxon, Linn Energy to Swap More Assets

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Exxon Mobil Corp. and Linn Energy LLC agreed to a non-monetary asset swap that will expand the presence of Exxon subsidiary XTO Energy Inc. in the Permian Basin and increase Linn's interests in California.

Home Depot Breach Bigger Than Target's

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Home Depot said 56 million cards may have been compromised in a five-month attack on its payment terminals, making the breach much bigger than the holiday attack at Target.

Nike Shareholders Concerned About Sponsorships

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Nike executives fielded concerns about risks in athletic endorsements at their annual shareholder meeting in the wake of several high-profile suspensions of sponsored athletes for violent behavior.

Alibaba's IPO Priced at $68 a Share

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Alibaba's shares priced Thursday at $68, at the high end of expectations, in what is one of the world's largest initial public offerings ever.

SAP to Acquire Concur Technologies

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German software producer SAP SE has agreed to buy Concur Technologies Inc., which provides software for expense and travel management, in a deal with an enterprise value of about $8.3 billion.

General Mills to Close 2 Plants

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General Mills Inc. said it will close a cereal plant and a yogurt factory, eliminating up to nearly 600 jobs, as its first steps in a cost-cutting plan aimed at offsetting sluggish U.S. demand for cereal, cake mix and other packaged foods.

Oil-Price Quirk Sends Crude Out to Sea

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Big oil companies and traders are stashing millions of barrels of crude on massive tankers bobbing in the ocean, in a bid to profit from a quirk in oil markets.

Clorox Names New CEO

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Clorox said Thursday that Ronald Knauss is stepping down as chief executive officer, to be replaced in that role by the company's chief operating officer, Benno Dorer.

Texas Instruments Boosts Dividend 13%

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Texas Instruments said Thursday it will boost its quarterly dividend by 13% following improved margins and earnings growth in the semiconductor maker's recent quarters.

FedEx: Ruling May Impact Results

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FedEx said it is "reasonably possible" that an adverse court ruling regarding the classification of its workers last month could at some point have a material impact on its financial results.

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