French CEOs Face Big Pay Cuts Under Hollande

Top managers at France's state-owned companies are expected to face significant pay cuts next month, when Socialist President François Hollande plans to begin enforcing salary caps as part of his broader electoral pledge to get tough on the rich.

Wal-Mart Rallies Its Team on Integrity

At Wal-Mart's annual gathering of international employees, executivesrallied the team around the issue of integrity, as the retailing giant grapples with bribery allegations in Mexico.

U.S. Firms Challenge Web-Oversight Proposals

AT&T, Google, Microsoft and Intel are among the companies backing a U.S. effort to block a United Nations agency from extending its regulatory powers to the Internet.

Former FTC Official Joins Simpson Law Firm

Matt Reilly, a former assistant director of the FTC, has joined Simpson Thacher & Bartlett as a partner to strengthen the law firm's antitrust practice and advise on litigation around merger deals.

Covered Bonds Move Out Into Open

As the turmoil in Europe deepens, the cornerstone of the Continent's financial system is making inroads in the U.S.

Pernod CEO Eyes Small Deals in China, U.S.

Pernod Ricard CEO Pierre Pringuet said he is watching out for opportunities to make small acquisitions in the U.S. and China, while continuing to reduce the French spirits maker's debt.

U.S. Sets Tariffs on Chinese Wind-Turbine Towers

The U.S. Commerce Department slapped tariffs on Chinese wind-turbine towers, the latest chapter in a clean-energy trade battle between Washington and Beijing.

SEC Reviewing Finra's Pay Packages

The Securities and Exchange Commission is reviewing the executive compensation and governance practices of Wall Street's self-policing body.

Exxon Evaluating Gas Exports From Gulf, Canada

Exxon Mobil is studying the possibility of exporting natural gas from the U.S. Gulf Coast and Canada, Chief Executive Rex Tillerson said.

Morgan Stanley Chief Defends on Facebook

Morgan Stanley's CEO defended the firm's role in Facebook's IPO, telling employees the firm worked "within the rules" and calling the steep decline in the stock "disappointing."

H-P Appoints Chief Operating Officer

Hewlett-Packard named Bill Veghte, who has led the company's software business, to fill the newly created position of chief operating officer.

Southwest Wins Backing for International Flights

Southwest Airline won a key endorsement from Houston to offer passenger service to Latin America when the city agreed to allow its smaller airport to handle international travel.

Sale Days Creep Back at Penney

J.C. Penney tried to swear off promotional activity, but the department store is adding more discount days, after seeing a drop in sales.

Eni to Sell Control of Gas Grid Snam

Italy's Eni said it plans to sell its controlling stake in Italian natural-gas grid Snam, in a multibillion-euro deal allowing the oil giant to free funds to finance its exploration and production-expansion program.

Morgan Stanley Gets India License

Morgan Stanley said it has received "in-principle" approval to start commercial banking operations in India, a move that could help the company steal a march over international rivals such as Goldman Sachs and Bank of America Merrill Lynch.

China Buys Up Spain's Assets

Spanish construction firm ACS became the latest European company to unload assets onto eager Chinese buyers, as Europe's debt woes force firms to look to China for cash.

Dow Finishes Up 125 Points

Stocks marched higher amid optimism about Greece's prospects to remain in the euro zone, offsetting a disappointing reading on U.S. consumer confidence.

Neiman Marcus Profit Rises 35%

Neiman Marcus Group's fiscal third-quarter earnings rose 35% as the luxury department-store operator posted stronger sales and margins.

Law Firm Dewey Files for Chapter 11

Embattled New York law firm Dewey & LeBoeuf has filed for bankruptcy protection, a move that marks one of the largest law-firm failures in U.S. history.

Gold Investors Rush for the Exits

Investors often have rushed to gold during flare-ups in the European crisis. But as they fret about Greece's future in the euro zone and Spain's credit-market woes, fewer are seeking out the precious metal.