WTO Rules Against China Duties on U.S. Steel

A WTO panel ruled that China violated some global trade rules by imposing duties on U.S. electrical steel, a victory for the Obama administration.

Rising Risks Threaten Recovery

The U.S. economy is losing momentum just as global events that could derail the recovery are gathering steam.

Goldman's Management Shuffle

Three executives from Goldman Sachs Group's merchant banking business are retiring, in the latest top-level reshuffle at the powerful Wall Street firm.

China's Cotton Order Jolts Market

Cotton futures reached a nearly one-month high, rising nearly 10% this week after China shocked the market with a huge purchase from the U.S.

Italy Introduces Growth Measures

Prime Minister Mario Monti unveiled an array of measures aimed at getting companies and households to invest, as Italy tries to put to rest talk that it could be the next domino to fall in the European bailout line.

Seacrest Considers Bid for TV Producer

"American Idol" host Ryan Seacrest is contemplating a bid for Dick Clark Productions, an independent producer of TV programs including the Golden Globes and "New Year's Rockin' Eve."

June's Likely U.S. IPO Tally: A Fat Zero

Halfway through June and with no U.S. IPOs on the immediate radar, it is looking likely investors will see no deals at all this month—the first June without an offering in more than 40 years.

Texas Oil Man Finds a New Groove

Floyd Wilson walked away from Petrohawk Energy after turning a $60 million investment into $12.1 billion in seven years. But he didn't go far.

Draghi Hints ECB Is Ready

President Mario Draghi suggested the European Central Bank may be ready to answer calls to ease monetary conditions in the euro zone as risks to the financial system intensify.

Slim Spreads Wealth Across New Borders

Mexican billionaire Carlos Slim, the world's richest man, is increasing his global reach with two significant acquisitions in European telecommunications and a stake in an Argentine oil company.

EPA to Toughen on Soot

The EPA was set to propose tighter national standards for soot pollution, responding to a lawsuit by environmental groups.

China Increases U.S. Treasury Holdings

China remained the largest foreign holder of U.S. Treasurys in April, marginally increasing its net portfolio. Japan reduced its net holdings for the second month in a row.

Jeep Gas-Tank Probe Widens

More than five million vehicles may be affected by U.S. regulators' investigation into gas-tank fires in several Chrysler Jeep models.

Stanford Sentenced to 110 Years

R. Allen Stanford, the international financier from Texas convicted of masterminding a $7 billion Ponzi scheme, was sentenced to 110 years in federal prison.

Gupta Case Goes to Jury

Jurors began deliberating the fate of Rajat Gupta, the former Goldman Sachsdirector who is accused of providing corporate secrets to hedge-fund manager Raj Rajaratnam, his onetime friend and business partner.

Nokia's Problems Haunt Microsoft

Nokia warned Thursday that its cellphone business is quickly deteriorating and that it will cut 10,000 workers, a setback that threatens partner Microsoft's mobile aspirations.

CME Strikes MF Global Deal

The trustee unwinding the brokerage of MF Global Holdings struck a deal with CME Group that will see the futures-exchange operator turn over about $130 million in property that will go to former customers of the collapsed firm.

AOL's Proxy Victory Relieves Pressure

AOL won a proxy fight with activist investor Starboard Value, relieving some of the scrutiny of CEO Tim Armstrong's investments in online content businesses.

Altria Raises Cigarette Prices

Altria Group Inc. is pushing through a six-cent per-pack price increase across all the tobacco producer's brands, a move that has yet to be matched by rivals Reynolds American Inc. and Lorillard Inc.

'Favored Nations' Fight for Online Digital Rights

Cable companies are using "most favored nation" clauses—long used to get the lowest prices for TV channels—to ensure favored programming in the digital realm as well.