Anglo American Narrows CEO Search

The board of Anglo American has narrowed its search for a new chief executive and is aiming to announce a pick by mid-January, people close to the company say.

Facebook Dings Zynga

Facebook and Zynga have amended an agreement to allow the social network to develop its own games, sending Zynga shares tumbling 11% after hours.

Barclays to FERC: We'll Fight $470 Million Fine

Barclays said it would go to U.S. district court to fight fines of nearly $470 million from the Federal Energy Regulatory Commission for alleged electricity-market manipulation.

U.K. Banks Get Warned on Capital

U.K. banks will have to raise "material" amounts of fresh capital or sell some businesses, the Bank of England said in its starkest warning yet to banks to restore investor confidence and get credit flowing.

Regulators Air Captive Concerns

State regulators said they were concerned with the way some life insurers have used affiliated companies to boost their reserves, arguing that these instances show the need for more disclosures on the use of so-called captive reinsurers.

Windows 8 Falters at the Gate

Windows 8 software is off to a slow start, failing to boost demand for Microsoft computers.

U.S., Europe to Huddle on Google Probes

Top U.S. and European Union antitrust officials meet next week to discuss their cases against Google and others, amid signs that probes of the Internet search firm may not conclude at the same time.

U.S. Stocks Settle Higher

A jump in telecommunications and health-care shares helped stocks finish in the black after major indexes were briefly whipped around by fiscal-cliff worries.

Judge: Rein In the U.K. Press

A U.K. judge who oversaw a months'-long evaluation of British press ethics recommended a strengthened system of industry "self-regulation" underpinned by a change to law.

Storm Weighed on Retailers

A burst of end-of-the-month holiday shopping couldn't overcome the damage that superstorm Sandy did to U.S. retailers in November.

Duke CEO Forced Out in Settlement

Duke Energy CEO Jim Rogers is retiring, and the Duke board will be overhauled in a sweeping settlement with North Carolina regulators over a controversial boardroom coup last summer.

Rio, BHP to Make Further Cost Cuts

Miners Rio Tinto and BHP are accelerating spending cuts and looking to jettison more assets as hopes of a quick commodities rebound evaporate.

Madoff Trustee Seeks Millions in Fees

Irving Picard, who this year returned $2.4 billion to Bernard Madoff's cheated investors, is seeking bankruptcy-court approval of $61.7 million in fees for himself and his law firm.

Air-Cargo Demand Sags

Global air-cargo demand continued to slide in October, while superstorm Sandy is estimated to have cost airlines more than $500 million in lost revenue.

CNN Counts on Zucker to Bring the Old Touch

CNN is betting that Jeff Zucker, the producer who kept NBC's "Today" show at the top of the ratings for 16 years, can lift CNN out of its doldrums. But Mr. Zucker's recent track record has been less stellar.

Groupon's Mason Remains CEO

Andrew Mason remains Groupon's chief executive after a board meeting ended with no change to the CEO position.

Ranbaxy Halts Production of Generic Lipitor

Ranbaxy stopped production of its generic version of cholesterol-lowering drug Lipitor as the company investigates what caused tiny glass particles to appear in some bottles, triggering a large recall earlier this month.

Greece Sets Plan to Pay Bills

Greece took the first steps to pay off billions of euros in arrears to private-sector companies and individuals—some dating back several years—once it receives its next cash infusion from its international creditors.

Judge Blesses Hostess Liquidation as Buyers Circle

Hostess Brands gained final approval to shut down its 85-year-old baking business and start selling off the pieces with up to $1.8 million earmarked as bonuses for managers overseeing the liquidation.

Court Overturns Concorde Ruling

A French appeals court reversed an earlier ruling and cleared Continental Airlines of criminal charges in connection with a dramatic crash of an Air France supersonic Concorde in 2000, a court official said.