Business News

  • Sudans Agree to Resume Oil Flow
    Former civil war foes Sudan and South Sudan agreed on Tuesday to resume crude-oil shipments from the landlocked South through Sudanese pipelines and seaports, throwing a potential lifeline to the ailing economies of both African nations.
  • E.ON Extends CEO Contract
    E.ON extended the contract of CEO Johannes Teyssen, leaving him in charge of the German utility amid an increasingly tough market and growing investor doubts about his strategy to expand outside Europe.
  • Winners Emerge in Twinkies Auction
    Hostess said it would seek to sell its Twinkies and other cake brands to Apollo Global Management and Metropoulos after no rival bidders challenged their $410 million offer.
  • Tweets Need Fine Print
    The FTC said that ads on Twitter and Facebook need to accommodate the fine print, with marketers applying the same standards to online ads as they long have to older media.
  • SEC Nominee Pressed on Work for Banks
    Mary Jo White, Obama’s nominee to lead the SEC, faced questions from a Senate panel on whether her past work for big banks would help ordinary investors.
  • FAA Gives Nod to Boeing Plan
    The FAA gave initial approval to Boeing’s proposed package of fixes for batteries on its 787 Dreamliner jets.
  • Samsung Outspends Apple on Phone Ads
    In 2012, Samsung spent $401 million advertising its phones in the U.S. to Apple’s $333 million. Its ad blitz has helped Samsung open a huge lead in the global smartphone race.
  • Carlyle Group Lowers Velvet Rope
    The giant private-equity firm’s new fund will allow some people to invest as little as $50,000, as buyout groups broaden their search for new money.
  • Audi Races for Luxury Crown
    For decades, Audi has played the poor cousin to Germany’s luxury auto kingpins. Now the Volkswagen-owned car maker is running neck-and-neck with BMW for the crown of the world’s top-selling luxury auto maker.

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