Business News: The Wall Street Journal
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United Puts Dreamliner Back in Service
WSJ.com: US Business 20 May 2013 | 4:47 pmUnited Continental completed its first flight of a Boeing 787 Dreamliner with paying passengers since the planes were grounded in January.
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Tumblr Deal Brings Challenges
WSJ.com: US Business 20 May 2013 | 4:44 pmYahoo will face a series of cultural challenges as it tries to make its $1.1 billion acquisition of Tumblr pay off.
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Ergen Bids for LightSquared Spectrum
WSJ.com: US Business 20 May 2013 | 4:41 pmDish Network Chairman Charlie Ergen bid $2 billion for certain spectrum from LightSquared, the wireless venture spearheaded by financier Philip Falcone that is navigating bankruptcy proceedings.
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Apple Avoids Overseas Taxes, Panel Finds
WSJ.com: US Business 20 May 2013 | 4:34 pmApple has set up corporate structures that have allowed it to pay little or no corporate tax—in any country—on much of its overseas income, according to the findings of a Senate examination released Monday.
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EU Widens Energy-Price Probe
WSJ.com: US Business 20 May 2013 | 4:32 pmEU authorities have widened their probe into potential energy-price manipulation in recent days, sending requests for pricing information to commodity-trading firms including Glencore Xstrata, Vitol Group and Gunvor Group.
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GM Sees Stable Pricing by Japanese Car Makers
WSJ.com: US Business 20 May 2013 | 4:31 pmA top General Motors executive said he doubts Japanese auto makers would use the weaker yen to launch a price war in the U.S. this summer even as they face softer revenue at home.
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New Chesapeake CEO Was Latecomer to Search
WSJ.com: US Business 20 May 2013 | 4:21 pmDoug Lawler, the Anadarko Petroleum executive picked to be Chesapeake Energy's second-ever CEO, was hired after Chesapeake shifted strategy in its search to replace Aubrey McClendon.
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Fab Raising At Least $250 Million
WSJ.com: US Business 20 May 2013 | 4:14 pmOnline design retailer Fab is in advanced talks to raise $250 million to $300 million in venture capital in a deal that would value the fast-growing but unprofitable company at $1 billion not including the new capital.
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FDA Staff: Merck Sleep Drug Effective but Some Dosage Concerns
WSJ.com: US Business 20 May 2013 | 4:09 pmFDA staff said a proposed sleep drug from Merck was effective, but questioned the safety of the product's higher doses. Merck is seeking FDA approval of a drug called suvorexant to treat insomnia. The product will be reviewed Wednesday by[…]
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Plains Exploration Holders Approve Freeport-McMoRan Deal
WSJ.com: US Business 20 May 2013 | 4:07 pmPlains Exploration & Production's shareholders Monday approved a $6.5 billion merger with Freeport-McMoRan Copper & Gold, overcoming earlier pressure to reject the deal.
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Actavis to Buy Warner Chilcott
WSJ.com: US Business 20 May 2013 | 3:59 pmActavis agreed to acquire Warner Chilcott for about $5 billion in an all-stock deal aimed at enlarging Actavis's portfolio of specialty pharmaceutical brands and shrinking its tax burden.
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'Survivorship Bias' Is Among Pitfalls When ETFs Shut Down
WSJ.com: US Business 20 May 2013 | 3:51 pmNext month, iShares, the largest ETF provider by assets, will do something it hasn't done in more than a decade: close one of its 290 ETFs. Experts say that highlights the complications that arise when funds drop out.
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Vista Equity Partners to Buy Websense
WSJ.com: US Business 20 May 2013 | 3:41 pmBuyout firm Vista Equity Partners agreed to pay about $1 billion to acquire Websense, a maker of software and services designed to help protect companies against cyberattacks and data theft.
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Liberty Puts Chellomedia on Block
WSJ.com: US Business 20 May 2013 | 3:39 pmJohn Malone's international cable business, Liberty Global, has put its Chellomedia TV-channel business up for sale. The business could fetch between $800 million and $1 billion.
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GrubHub and Seamless to Merge
WSJ.com: US Business 20 May 2013 | 3:37 pmGrubHub and Seamless, two tech startups that make it easier to order takeout food from restaurants, are merging, although they will remain separate brands.
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Russian Diesel Pressures European Refiners
WSJ.com: US Business 20 May 2013 | 3:24 pmRussia's slowing economy is leading to a flood of Russian diesel flowing to Europe, which could force a new round of European refinery closures.
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Dell Seeks More Details From Icahn
WSJ.com: US Business 20 May 2013 | 3:10 pmDell sent another letter to Carl Icahn and Southeastern Asset Management seeking more information about their takeover proposal, reiterating that it can't engage in talks before determining whether the proposal is credible.
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Vote on J.P. Morgan Chairman, CEO Roles Expected to Be Close
WSJ.com: US Business 20 May 2013 | 3:06 pmAnalysts say it is too close to call the outcome of Tuesday's crucial J.P. Morgan shareholder vote that could result in the separation of the bank's chairman and chief executive positions.
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