OFA News
Select Country

Activist Investor Calls for DuPont Breakup

28 minutes ago (Tue, 16 Sep 2014 23:01:17 EDT)

Trian wants to split off the company's faster-growing agriculture and nutrition units.

Internet Power Balance Tilts Toward Asia

53 minutes ago (Tue, 16 Sep 2014 22:36:58 EDT)

When Alibaba begins trading Friday, four of the world's 10 largest Internet companies by stock-market value will be based in Asia, highlighting how much action is shifting to the region.

Meet the Biggest Polluter in China's Most Polluted City

36 minutes ago (Tue, 16 Sep 2014 22:53:16 EDT)

Jizhong Energy, the biggest polluter in China's dirtiest city, is trying to clean itself up, highlighting the balancing act under way as regional governments and businesses try to tackle pollution without wrecking local economies.

Budweiser, a Big Sponsor, Criticizes NFL

20 minutes ago (Tue, 16 Sep 2014 23:10:01 EDT)

Anheuser-Busch said it was disappointed and increasingly concerned by the NFL's handling of recent incidents, which the brewer said "have overshadowed" the league's season.

Zara Builds Its Business Around RFID

2 hours ago (Tue, 16 Sep 2014 20:56:18 EDT)

Many retailers have stumbled implementing RFID tags for inventory control, but the Zara chain is working the system. The scale and speed of its rollout is drawing notice.

Mobile Networks Caught in 'Open Internet' Debate

2 hours ago (Tue, 16 Sep 2014 20:52:16 EDT)

The already-heated debate over proposed rules on how broadband providers must treat traffic on their networks just got hotter, as regulators consider how the plan might apply to mobile networks as well.

G-20 Tax Overhaul Plan on Track

1 hour ago (Tue, 16 Sep 2014 21:45:35 EDT)

Plans to overhaul the international tax system to make it more difficult for companies to shift profits to low-tax countries remain on track.

In Alibaba IPO, Investors Offer Views of Risk and Opportunity

11 minutes ago (Tue, 16 Sep 2014 23:18:55 EDT)

The Wall Street Journal talked with a variety of people about their outlook on the Chinese e-commerce company ahead of its potentially historic IPO.

Boeing, SpaceX Share NASA Contracts

3 hours ago (Tue, 16 Sep 2014 20:21:24 EDT)

NASA has awarded Boeing a contract worth as much as $4.2 billion and rival Space Exploration Technologies a separate pact valued at up to $2.6 billion to develop, test and fly space taxis to carry U.S. astronauts into orbit.

Microsoft's Big Makeover Continues

11 minutes ago (Tue, 16 Sep 2014 23:18:06 EDT)

Two Microsoft directors announced they would leave by year's end as CEO Nadella gives the board its biggest makeover in history.

Airbus to Sell Some Businesses

3 hours ago (Tue, 16 Sep 2014 20:06:47 EDT)

Airbus Group said it would sell defense assets as the company focuses increasingly on its successful commercial-airplanes business.

New York Sues to Block Early Withdrawal of Alzheimer's Drug

59 minutes ago (Tue, 16 Sep 2014 22:30:21 EDT)

A plan by Actavis to withdraw its Alzheimer's treatment early in favor of a new extended-release version is aimed at protecting the company's profits, according to a suit from the state of New York.

Head of GM's Cadillac Brand Plans Revival

2 hours ago (Tue, 16 Sep 2014 21:00:50 EDT)

The new head of GM's Cadillac luxury brand says he intends to slash inventories of unsold sedans in the U.S., push to reduce the number of dealerships and expand the portfolio of models.

Bill Gurley's Warning Triggers Debate in Silicon Valley

2 hours ago (Tue, 16 Sep 2014 21:24:04 EDT)

Venture capitalist Bill Gurley sounded the alarm in Silicon Valley. And now some of his peers are ringing it with him.

Japan's Pioneer to Sell Turntable Business to KKR

2 hours ago (Tue, 16 Sep 2014 21:27:21 EDT)

Pioneer said it will sell its lucrative DJ-equipment business to U.S. private-equity firm KKR for $550 million, as the Japanese company continues its focus on in-car electronics.

AT&T Signals Interest in Mexico

1 hour ago (Tue, 16 Sep 2014 21:30:08 EDT)

A top AT&T executive said the company is open to acquisitions in Mexico, where the telephone giant controlled by former partner Carlos Slim is planning to sell assets.

UAW Ends Two-Tier Wages at Lear

37 minutes ago (Tue, 16 Sep 2014 22:52:32 EDT)

The United Auto Workers union managed to eliminate a controversial two-tier wage structure at U.S. auto supplier Lear in contract talks.

Florida Unit of Banco Espírito Probed

4 hours ago (Tue, 16 Sep 2014 19:21:24 EDT)

U.S. regulatory agencies are investigating the Florida unit of Banco Espírito Santo, the latest front in a multinational effort to untangle the finances behind the collapsed Portuguese business empire.

Report Criticizes Auto-Safety Regulator in GM Ignition Case

1 hour ago (Tue, 16 Sep 2014 21:52:13 EDT)

The National Highway Traffic Safety Administration should have known a faulty General Motors ignition switch was cutting off power to air bags in its vehicles as early as 2007 but either overlooked evidence or failed to grasp it, according to a congressional report.

Publicis Extends Levy's CEO Term

4 hours ago (Tue, 16 Sep 2014 19:18:06 EDT)

Publicis once again extended the term of veteran Chief Executive Maurice Lévy, highlighting the French ad group's struggle to find a successor as it searches for ways to rebound from its failed megamerger with Omnicom.

GM Slashes Jobs and Output in Russia

1 hour ago (Tue, 16 Sep 2014 21:37:31 EDT)

General Motors is slashing jobs and car production in Russia in the latest sign that weakening sales in the once-hot market now threaten the auto maker's turnaround in Europe.

Ice Bucket Challenge: When Success Creates Problems of Its Own

2 hours ago (Tue, 16 Sep 2014 20:47:37 EDT)

Sometimes, more money can mean more problems. That is what the ALS Association is trying to avoid as the fall season brings an end to the Ice Bucket Challenge, a summer social-media sensation that fueled a record $113.3 million in donations as of Monday.

Rackspace Ends Sale Process

3 hours ago (Tue, 16 Sep 2014 20:00:54 EDT)

Cloud-computing company Rackspace Hosting Inc. has ended its formal evaluation of a potential sale and named a new chief executive.

Endo Offers to Acquire Auxilium for $2.2 Billion

5 hours ago (Tue, 16 Sep 2014 18:25:55 EDT)

Endo Pharmaceutical said it has made a $2.2 billion offer to acquire Auxilium Pharmaceuticals in a cash-and-stock deal that will give Endo Auxilium's men's health-care products and pipeline.

Apple Patent Infringement Judgment Tossed

8 hours ago (Tue, 16 Sep 2014 15:17:09 EDT)

A federal appeals court on Tuesday threw out a $368 million jury award for patent infringement that VirnetX Holding Corp. won against Apple Inc. in 2012.

FedEx Plans January Rate Increases

4 hours ago (Tue, 16 Sep 2014 19:11:08 EDT)

FedEx Corp. will implement rate increases for its Express, Ground and Freight services as of Jan. 5.

U.S. Steel Canada to Seek Creditor Protection

2 hours ago (Tue, 16 Sep 2014 20:50:06 EDT)

U.S. Steel said Tuesday that its Canadian operations will apply for relief from creditors under the Companies' Creditors Arrangement Act. U.S. Steel Canada is seeking a court order allowing it to operate while exploring strategic alternatives.

NHTSA Declines to Label Stalling Cars As Safety Issue

4 hours ago (Tue, 16 Sep 2014 18:47:12 EDT)

The top official at the National Highway Traffic Safety Administration on Tuesday declined to label stalls a serious safety issue, exposing the auto-safety regulator to a new round of criticism from lawmakers on a day when the agency had already taken heat for failing to catch a deadly ignition-switch defect.

U.S. Regulator Sues Corinthian Colleges

4 hours ago (Tue, 16 Sep 2014 19:05:21 EDT)

The U.S. consumer-finance regulator has sued troubled for-profit education firm Corinthian Colleges Inc., alleging the company prodded students into taking out unaffordable loans and used aggressive debt collection tactics.

Citigroup and Bank of America Offer Mortgages With Discounted Rates

3 hours ago (Tue, 16 Sep 2014 20:03:56 EDT)

Citigroup and Bank of America will provide mortgages at discounted interest rates as part of their efforts to help borrowers with low incomes or subprime credit histories.