H-P Sues to Stop Ex-Chief's New Job

H-P sued to block former CEO Mark Hurd from joining rival Oracle as a senior executive, citing trade-secret and other concerns.

Global-Bank Deal Targets Reserves

Global banking regulators appear poised to demand larger reserves, which they believe will prevent a future financial crisis, and reserves of higher quality, under so-called Basel 3.

Unilever Invests in Algae

As food and consumer-goods companies face problems obtaining the key ingredient palm oil without damaging the environment, Unilever is betting on a promising low-life alternative: algae.

Divided by a Two-Track Economy

For American business, it's a two track economy, with global players getting big boosts from fast-growing foreign markets, while companies focused on the U.S. are hemmed in by recession-scarred consumers.

GGP to Start New CEO Hunt

Mall owner General Growth Properties will soon launch a search for executives to replace CEO Adam Metz and COO Thomas Nolan as it prepares to exit bankruptcy court protection.

U.S. Blacklists Iranian Bank

The U.S. Treasury added Iran-owned, German-based European-Iranian Trade Bank to its key blacklist, saying the bank has provided a financial lifeline to Iranian companies involved in weapons proliferation.

Dana Launches Defense Against Takeover

Dana Petroleum said that a hostile $2.87 billion bid by Korea National Oil Corp. significantly undervalues the company.

Singapore's GIC Looks to Buy Stake in Brazil Bank

GIC, Singapore's sovereign wealth fund, is in advanced talks to buy a roughly 15% stake in Banco BTG Pactual, one of Brazil's top investment banks, for about $2.4 billion.

Managers Named for Woori Finance Sale

South Korea named three firms to manage the sale of its 57% stake in Woori Finance, valued at $5.09 billion, in a move to push forward the privatization of the country's largest financial holding company.

Yen Pumps Up Luxury Prices

A surging yen is encouraging third-party websites to jump in with deep discounts on high-end luxury goods in Japan, where high-end retailers have been able to charge premiums for decades.