Wall Street Journal - US Business News

Facebook insiders are cashing out, setting plans to sell an extra $3 billion in stock. Goldman Sachs and Tiger Global will now sell 50% of their stakes.

Google said it is rolling out an extensive update to its dominant search engine by using troves of data to refine the answers it provides to user queries on specific topics.

Deere is speeding its production expansion, brushing aside concerns that the market for its farm tractors and combines has peaked, and offered an improved outlook for the global farm economy.

Dish Network is promoting its new "Auto Hop" ad-skipping DVR with a marketing campaign that, ironically, uses TV commercials

Richemont defied economic gloom with robust full-year results, but Asian demand for its expensive watches and jewelry is decelerating from its blistering pace.

BHP Billiton backed away from ambitious spending plans that would have led the company to invest around $80 billion on new projects in the next five years.

Indonesian officials revealed additional plans to tax mineral exports from the resource-rich country, compounding worries that government policies could slow the flow of investment into one of Asia's fastest-growing economies.

Google is set to meet with French regulators next week as part of a pan-European probe into the search giant's privacy policies.

China's biggest Interest companies are posting mixed results despite the addition of millions of new users each year, pressured by tougher government content restrictions, higher costs and the shift to mobile devices.

J.C. Penney swung to a loss in its latest quarter on restructuring costs and a 20% drop in sales. Its shares fell sharply, as the retailer also suspended its dividend.

Germany's E.ON agreed to sell its natural-gas transmission grid to a consortium led by Australian bank Macquarie for $4.07 billion.

Google is shifting its strategy for its Android mobile operating system in a bid to create a united front with smartphone and tablet makers and to prevent wireless carriers from controlling the devices.

General Electric is again able to take cash out of its hulking finance arm in the form of a $475 million quarterly dividend.

Skechers will pay $50 million to resolve allegations it made unfounded claims that its "toning shoes" would help consumers tone muscles and lose weight.

The Consumer Product Safety Commission said five retailers are voluntarily recalling crib tents and play-yard tents made by the now-defunct Tots in Mind, due to strangulation and entrapment hazards.

Energy companies from China, South Korea and Japan, along with Shell, agreed to ship billions of dollars worth of Canadian liquefied natural gas to Asian markets.

A.P. Møller-Maersk poured cold water on the prospects for the global shipping industry in the second half of the year with an earnings outlook that fell well short of investors' expectations.

Hedge-fund manager Bill Ackman has been racking up shareholder support in his effort to install new board members and replace the management team at Canadian Pacific Railway.

Spanish oil firm Repsol YPF said it had filed a lawsuit against Argentina in a court in New York after the country nationalized the company's local unit.

Amazon has set a torrid hiring pace in recent months, accelerating a rate of employee acquisitions that was already well ahead of most large corporations.