Ad-Skipping Device Heads to Court

Dish Network is seeking a court's review of its ad-skipping DVR. Shortly afterwards, three of the broadcasters, Fox, NBC and CBS, filed separate suits against Dish, accusing it of violating copyright.

Red Flag in Bank Lending?

U.S. bank lending stumbled in the first quarter after nearly a year of growth, raising fresh questions about the economic recovery.

China's PICC Pushes Banks to Guarantee IPO Sales

Banks seeking a role in the US$6 billion IPO in Hong Kong of Chinese state-owned People's Insurance Co. are being required to bring a set amount of institutional orders and guarantee that they will buy unsold shares.

Gupta Jurors Hear Wiretaps

Jurors in the insider-trading trial of former Goldman Sachs director Rajat Gupta heard wiretapped phone conversations that prosecutors said show he shared information with a hedge-fund manager.

Chesapeake to Pare Property in West

Chesapeake Energy is selling oil and gas assets in Colorado and Wyoming as it tries to shore up its cash-strapped operations.

BBVA May Sell Pension Operations

Spain's Banco Bilbao Vizcaya Argentaria said it is studying the potential sale of its pensions management operations in Latin America, part of an effort to focus on its main banking businesses.

Trader Quits Morgan for Hedge Fund

Morgan Stanley interest rates trader David Adams is leaving the bank to take a position with hedge fund giant Brevan Howard.

Tiffany Sees Softer Demand

Sales outlooks from Tiffany and Signet Jewelers suggest that global economic worries are weighing on sales of non-essentials, like jewelry.

Carrefour Speeds Up Transition

Georges Plassat has taken over as chairman and chief executive of the French retail giant Carrefour, accelerating the hand-over from the previous boss by four weeks.

EU Joins Push to Find New Antibiotics

The European Union pledged funds to find new antiobiotics, its first attempt to help drug makers develop medicines to fight increasingly drug-resistant superbugs that are taking more lives every year.

EU Court Quashes MasterCard Fees Challenge

A European Union court rejected a legal challenge by MasterCard of a 2007 ruling over its fees, in a case seen as a litmus test on the levies card companies can impose and the way banks can profit from them.

Siemens Mulls Osram IPO in Third Quarter

Siemens is considering an initial public offering for its Osram lighting unit in the third quarter, Chief Financial Officer Joe Kaeser said.

Heinz Ratches Down Outlook

Heinz scaled back its long-term growth rates slightly as the ketchup-maker plans to invest more into its business amid a challenging global environment. It posted a 22% drop in its quarterly earnings.

Japan Tobacco to Buy Belgium's Gryson

Japan Tobacco said it will acquire Belgian loose leaf tobacco maker Gryson for $600 million in its latest push to expand its foothold in European markets amid languishing demand at home.

VW Nears Deal on Staff Holding

Volkswagen's top labor representative and deputy supervisory board chairman said he expects an agreement on staff becoming shareholders to be reached soon.

Informal Trade Talks Yield Scaled-Back Progress

More than 20 countries made progress in informal trade talks in Paris,as ministers try to salvage some parts of the stalled Doha round of trade negotiations.

New-Home Sales Fuel Optimism on Housing

Sales of newly built homes in the U.S. increased in April, another sign that the long-struggling housing sector is finding its footing.

RIM Suffers Another High-Level Departure

Research In Motion said its London-based executive vice president for sales, Patrick Spence, is stepping down—the latest departure in a string of high-level exits at the BlackBerry maker.

Bond Market Liberates Fed

With the euro-zone crisis back in high gear, the bond market is givingthe Fed some leeway to simulate the economy.

Stocks Dive, Then Dig Out

The Dow ended a volatile session off just 6.66 points, or 0.05%, at 12496.15. The single-digit point decline came on a day that saw the blue-chip index fall as many as 191 points.