1. What’s News: Business & Finance – Wall Street Journal
Toyota reclaimed the title of world’s largest auto maker by sales from GM in 2012, rebounding
from an earthquake that damaged its factories and recalls that dinged its reputation.
Detroit’s car companies are gearing up to report billions of dollars in profits, capping another
strong year.
U.S. authorities are pushing for a settlement of rate-rigging allegations with RBS that would
result in a unit of the big U.K. bank pleading guilty to criminal charges.
Investigators have examined whether media firms facilitated insider trading by prematurely
releasing market-moving government data. No criminal charges are seen.
Materials shares helped send the Dow and S&P 500 lower. The blue chips lost 14.05 points to
13881.93, snapping a six-session win streak.
Yahoo posted results that beat analysts’ expectations and showed its business was holding
steady six months into CEO Mayer’s tenure.
Peltz’s Trian has sold part of the stake in State Street disclosed when the activist investor
pounced on the trust bank, demanding a turnaround.
The U.S. Treasury failed to rein in pay at companies that received federal bailout funds, the
special inspector general for TARP said.
Buffett’s Berkshire made a bid late last year for NYSE Euronext ahead of the Big Board
parent’s agreement to be acquired by ICE.
Time Warner named home video and digital chief Tsujihara to be CEO of Warner Bros.
Entertainment, one of Hollywood’s biggest jobs.
Japanese regulators concluded part of their probe into battery problems on Boeing‘s 787
without finding clues about what went wrong.
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2. Penney plans to roll out more sales, further eroding the no-discounts policy introduced by its
CEO a year ago.
Iceland won a sweeping victory in a court fight over its responsibilities to foreign depositors in
Landsbanki, which failed in 2008.
This month’s attack on an Algerian gas plant is forcing big oil firms to rethink protection of
energy fields, potentially boosting output costs.
Bausch & Lomb’s private-equity owners are leaning toward an IPO after possible buyers of
the business balked at the asking price.
Federal authorities arrested a former senior trader at Jefferies, accusing him of defrauding
investors in the mortgage-backed securities market.
Caterpillar’s chief blamed a write-down in the value of a Chinese firm acquired last year on
accounting “misconduct” by ex-managers there.
A version of this article appeared January 29, 2013, on page A1 in the U.S. edition of The Wall
Street Journal, with the headline: What’s News: Business & Finance.
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