H-P Shops China Networking Unit

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H-P is seeking a buyer for its corporate-networking business in China, in a deal that could return the operation to local control, according to people familiar with the situation.

U.S. to Name New Auto-Safety Chief

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The Obama administration is close to naming a permanent top auto-safety regulator amid criticism of the agency’s handling of large air-bag recall, which an administration official on Friday called “suboptimal.”

Ruble Faces New Wave of Pressure

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A new wave of pressure is hitting Russia’s ruble as the market is becoming convinced that the central bank won’t be able to halt its slide.

Apple iTunes Sees Drop in Music Sales

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Digital music sales at Apple iTunes store have fallen 13% to 14% world-wide since the start of the year, according to people familiar with the matter, underscoring the fragility of the music industry’s nascent recovery.

Stocks: How to Play Defense

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Some specialized funds are designed to hedge risk, but they may not be the best choice.

The New Rules of Estate Planning

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A higher exemption for the federal estate tax is shifting the focus to minimizing capital-gains taxes and state levies. Here are the latest strategies.

Toyota Confirms Sale of Part of Tesla Stake

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Toyota said Friday it has sold some of its stake in Tesla Motors, days after German luxury car maker Daimler disclosed it had divested its Tesla shares for a sizable gain.

AT&T Risks Losing Prized Wireless Customers

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AT&T is enjoying its lowest-ever “churn” rate, but is also facing an uncomfortable situation: up to 10 million of its most lucrative wireless customers may be free to walk out the door.

P&G to Shed Duracell

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P&G said it plans to exit its Duracell business, with plans to carve off the leading battery brand with $2 billion in global sales into a separate company. The plan was announced as P&G reported flat sales and a 34% profit drop for its fiscal first quarter.

Chiquita Ends Banana Deal

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Chiquita has terminated its deal with Irish food company Fyffes and said it instead plans to enter negotiations with Cutrale-Safra, the coalition between a Brazilian orange juice maker and an investment firm.

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