New Energy Chief Is Cautious on Gas Exports

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New U.S. Energy Secretary Ernest Moniz raised the possibility of delaying further approvals for companies to export natural gas, saying he wants to review whether government studies of the issue are adequate.

Penney Holds Real Value

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With over 1,000 stores, J.C. Penney has long been viewed as a possible real-estate play, an idea is taking on new significance this week as Penney is expected to complete a deal to borrow $2.25 billion from investors.

Ireland Defends Corporate Tax System

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The Irish government denied it is sheltering some of the world's largest corporations, such as Apple, from paying taxes, saying the country's long-standing low corporation tax regime is transparent and doesn't make it a tax haven.

Dimon Strengthens Grip at J.P. Morgan

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J.P. Morgan shareholders rejected a proposal to split James Dimon's dual roles as chief executive and chairman, and re-elected all the members of the bank's board.

Phone Firms Sell Data on Customers

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Big phone companies have started to sell the data they gather about subscribers' locations, travels and Web-browsing habits, providing a powerful tool for marketers but raising new privacy concerns.

Gupta Makes Case for Appeal

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Rajat Gupta asked a federal appeals court to set aside his insider-trading conviction because he said wiretaps were improperly allowed as evidence.

Best Buy Swings to Loss

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Best Buy posted a quarterly loss as it ramped up cost-cutting and revenue continued to slide. Online sales improved, however.

Prosecutors Weigh Use of RICO in SAC Case

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It is rare for an investment firm to be charged under the Racketeer Influenced and Corrupt Organizations Act, a powerful legal tool used against the Mafia and drug gangs.

Philip Morris to Buy Mexican Unit

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Philip Morris International has agreed to buy the 20% that it doesn't already own in its Mexican tobacco business for about $700 million. The stake is currently held by Grupo Carso SAB, a conglomerate founded by Carlos Slim.

LPL Fined $9 Million for Email 'Failures'

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LPL Financial agreed to pay at least $9 million to end allegations by regulators that the brokerage firm was plagued by "systemic email failures" but did too little to fix them.

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