Airbus to Sell Some Businesses

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Airbus Group said it would sell defense assets as the company focuses increasingly on its successful commercial-airplanes business.

Rackspace Ends Sale Process

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Cloud-computing company Rackspace Hosting Inc. has ended its formal evaluation of a potential sale and named a new chief executive.

Florida Unit of Banco Espírito Probed

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U.S. regulatory agencies are investigating the Florida unit of Banco Espírito Santo, the latest front in a multinational effort to untangle the finances behind the collapsed Portuguese business empire.

Publicis Extends Levy's CEO Term

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Publicis once again extended the term of veteran Chief Executive Maurice Lévy, highlighting the French ad group's struggle to find a successor as it searches for ways to rebound from its failed megamerger with Omnicom.

FedEx Plans January Rate Increases

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FedEx Corp. will implement rate increases for its Express, Ground and Freight services as of Jan. 5.

NHTSA Declines to Label Stalling Cars As Safety Issue

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The top official at the National Highway Traffic Safety Administration on Tuesday declined to label stalls a serious safety issue, exposing the auto-safety regulator to a new round of criticism from lawmakers on a day when the agency had already taken heat for failing to catch a deadly ignition-switch defect.

Endo Offers to Acquire Auxilium for $2.2 Billion

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Endo Pharmaceutical said it has made a $2.2 billion offer to acquire Auxilium Pharmaceuticals in a cash-and-stock deal that will give Endo Auxilium's men's health-care products and pipeline.

German Savers Turn to Foreign Banks

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With domestic banks offering interest rates on savings that are below inflation, German savers are looking abroad for better rates but are concerned about higher risks.

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