Wall Street Journal
Telekom Malaysia Returns to Profit
Telekom Malaysia returned to the black primarily because of the absence of foreign-exchange losses in the most recent quarter.
VW Board Clears Tie-Up Details
Volkswagen said its supervisory board cleared the way for the planned integration of Porsche by approving contracts determining details of the complex tie-up.
IPO Candidates Look to New Year
After a strong end to 2009, new issuers (and their underwriters) expect a busy 2010. An early estimate of 100 turns to a more ambitious estimate of 150.
Big Oil Races for Nigeria Deals
Western oil companies operating in Nigeria are racing to lock up license renewals ahead of legislation that could boost tax and royalty rates.
Sembcorp Agrees Oman JV
A unit of Singapore's Sembcorp Industries and Oman Investment Corp. have established a joint venture company to build a water and power plant in Oman.
Discontent in Japan's Anime Studios
Behind the scenes of Japan's popular anime movies, discontent among low-paid artists is growing and DVD demand is slipping.
IPOs: Archipelago, 7 Days Gain
The IPOs of U.S. online education company Archipelago Learning and Chinese hotel chain 7 Days Group attracted investors, while coal miner Cloud Peak and defense-technology firm Global Defense Technology & Systems didn't.
SkyTeam Willing to Invest More in JAL
Richard Anderson, chief executive at Delta Air Lines, said the SkyTeam alliance of global carriers would be willing to invest more than $1.02 billion into ailing Japan Airlines as it tries to cement a trans-Pacific partnership.
Morgan Unloads Crescent
Morgan Stanley closed the book on its disastrous $6.5 billion acquisition of Crescent Real Estate Equities by handing the keys to lender Barclays.
J.P. Morgan Drops Arbitration Clauses
J.P. Morgan Chase agreed to drop arbitration clauses from its credit-card agreements as it reached a tentative settlement of a lawsuit over cardholder disputes.
AIG Trustee Sought Exit, But Will Remain
One of the three trustees who oversees U.S. taxpayers' nearly 80% stake in AIG recently said he wanted to quit his post, but was persuaded to stay on. Separately, the government is seeking possible candidates to add to the insurer's board.
Exxon Renews Leases in Nigeria
Exxon ended months of negotiations with Nigeria by renewing three oil leases for fields the company operates in the country.
Weak Power Demand Dims Outlook
Electricity sales remained weak in the third quarter, prompting speculation that the sluggishness could persist even after the U.S. economy rebounds.
Boeing Breaks Ground on Plant
Boeing on Friday broke ground in North Charleston, S.C., on a second assembly facility for its long-delayed 787 Dreamliner.
D.R. Horton's Loss Narrows
Home builder D.R. Horton posted a narrower loss amid year-earlier write-downs. Orders jumped 26%, but the company signaled caution on the strength of the industry.
Valero Will Close Delaware Refinery
Valero Energy said it plans to close its Delaware refinery after failing to find a buyer for the facility at a time when refiners are contending with weak demand.
AnnTaylor Swings to Profit
AnnTaylor Stores swung to a third-quarter profit amid lower restructuring expenses and higher margins, even as revenue fell 12%.
Nook's Christmas Deadline Passes
Barnes & Noble on Friday said customers who order its Nook electronic-book reader now won't get it until the week of Jan. 4.
Invesco PowerShares CEO Steps Aside
Bruce Bond is stepping down as chief executive of exchange-traded fund provider Invesco PowerShares Capital Management.
Lewis to Consider Postponing Retirement
BofA CEO Kenneth Lewis said he would consider postponing his retirement if directors need more time to find a successor or smooth the transition to the next CEO.