Many minority investors have dumped shares of Brazilian state-run oil firm Petrobras over the last two years, feeling the government has shifted the balance against them. But its CEO is optimistic about a rebound in oil output.
Ford is planning to close two factories in Australia and end production there by 2016, a move that reflects the broader shift of the auto industry's center of gravity to new emerging markets like China.
In a potential major setback for Apple, a federal judge who will preside over a coming antitrust trial that will determine whether it engaged in a conspiracy to raise prices for e-books said the government is likely able to prove its case against the computer maker.
Lois Lerner, the IRS official at the center of a controversy over targeting of conservative groups, was placed on administrative leave as of Thursday, according to a person familiar with the situation.
Dover Corp. said it plans to spin off its fast-growing consumer-electronics unit that makes parts for smartphones like Apple's iPhone, in a surprising move to sharpen the company's focus on its industrial roots.