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.
The Federal Trade Commission has begun to examine complaints by rivals of Google Inc. that the Internet giant abused its power in the market for selling online-graphical and video ads.
Cerberus is eyeing about a half-dozen grocery chains, including Harris Teeter Supermarkets, for potential bids, as the private-equity firm weighs whether to further expand its grocery business.
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.
