Wall Street Journal Business
MillerCoors Grooms No. 2
MillerCoors is having No. 2 executive Tom Long share an office with CEO Leo Kiely, who is set to retire next year.
Nokia Taps Microsoft Executive as New CEO
Nokia said it was replacing embattled CEO Olli-Pekka Kallasvuo with Microsoft's Stephen Elop, as the handset maker seeks to reverse steep declines in earnings.
Smithfield to Sell Butterball Stake
Smithfield Foods said it is selling its 49% stake in the Butterball turkey business to joint-venture partner Maxwell Farms for about $175 million.
Nomura Bulks Up in North America
Nomura Holdings has hired a team of natural-resource bankers and is opening offices in Houston and Toronto this month, its latest moves to expand in North America.
Starr Pleads Guilty to Fraud Charges
New York financial adviser Kenneth Star pleaded guilty to criminal charges in a scheme that defrauded his celebrity clients and other investors.
FAA Proposal Combats Pilot Fatigue
Some airline pilots would fly fewer hours and others would fly longer under proposed rules to help prevent dangerous fatigue, transportation and labor officials.
Wal-Mart Splits Merchandising Chores
Wal-Mart will divvy up the position of chief merchandising officer among four executives, as the retailer continues to reshape its management.
Virgin America Narrows Its Losses
Virgin America reported a slightly narrower second-quarter loss of $15.5 million, while chopping its operating loss to $430,000.
BP Lawyers Reviewed Accident Report
BP, which billed its Deepwater Horizon investigation as an independent look at the disaster, said its lawyers were allowed to "review" the long-awaited report before it was published.
Deutsche Bank Eyes Cash Call
Deutsche Bank is planning to raise as much as $11.44 billion to boost its stake in another German bank and possibly shore up its own capital, according to people familiar with the matter.
BCE to Pay $1.26 Billion for CTV
BCE plans to acquire the 85% of Canadian broadcaster CTV that it doesn't already own for $1.26 billion.
Goldman Economist to Oversee Asset-Management Unit
Goldman Sachs said it has appointed Jim O'Neill chairman of its $800 billion asset-management arm, a newly created role designed to leverage his "global perspective on world markets."
Carrefour Thins List of Bidders
French retailer Carrefour has cut British rival Tesco and Japan's Aeon out of the bidding for its stores in Southeast Asia, people familiar with the matter said.
Report Cites BA Lapses in 2009 Incident
Air-safety investigators released a report detailing how pilot error caused a "serious incident" last year when a British Airways jet barely avoided hurtling off the end of Caribbean runway.
Volkswagen Sales Soar
Volkswagen said its sales rose 11.2% on a year-to-year basis in August to 545,500 vehicles, driven by soaring demand in China and a rebound in the U.S.
Alibaba Plans eBay-style Wholesale Listings
Chinese business-to-business platform Alibaba.com is working on a business strategy to promote its clients' wholesale products to online merchants like those on eBay's marketplace.
Dubai World Debt Plan Wins Support
Troubled government-owned investment conglomerate Dubai World said it has over 99% support among creditors for its proposal to restructure around $24.9 billion of debt.
SEC Examines Funds of Hedge Funds
The SEC is looking into whether firms that collect fees for funneling investors into hedge funds are properly overseeing client money and dealing with potential conflicts of interest.
BP Delays Quarterly Report
BP is delaying the release of its third quarter earnings by one week to give the company more time to prepare additional data and disclosures needed following the oil spill in the Gulf of Mexico.
GDF Suez Sells Gas Natural Stake
French power group GDF Suez said it sold its 5% stake in Spanish energy company Gas Natural for $686.1 million.
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