NFL Talks Collapse; Players Disband Union

Sony Executive Faces New Game

Sony's tapping of Kazuo Hirai as CEO front-runner suggests an accelerated push to closely couple its electronics hardware with its portfolio of movies, TV shows, videogames and music.

Court Suspends Santander CEO

Spain's Supreme Court sentenced Banco Santander CEO Alfredo Sáenz to three months of imprisonment and suspended him from banking for the same period for making false accusations in a case dating back to 1994.

Hulu Plans to Shrink Its Board

Hulu is planning to shrink its board, shaking up the Web-video venture's governance as it hashes out its future within the media business.

• Online Video Market Expands

Gome Expansion Expected

After the unexpected resignation of its chairman, Gome Electrical Appliances likely will enjoy more stability but ambitious expansion plans could undercut profitability.

Clearwire CEO Resigns In Shake-Up

Clearwire said its CEO, Bill Morrow, and two other senior executives resigned in a management shake-up of the high-speed wireless service provider.

Toyota Hones Focus, Top Ranks

Toyota shook up its management team in a move to sharpen the Japanese auto maker's focus on hybrid vehicles and emerging markets.

• Heard: Toyota's 'Smile' Needs Some Teeth
• Full Coverage: Toyota
• Toyota Struggles to Fix Dented Image
• Japan Real Time: Toyota Hails a Cab

H-P Under Fire for CEO's Role in Selecting Directors

Hewlett-Packard's board is again coming under fire, this time from a shareholder advisory group that contends H-P's new CEO, Leo Apotheker, was too actively involved in remaking its board.

Caesars Plans Non-Gambling Asia Hotels

Caesars Entertainment, eager to set up shop in parts of Asia where gambling isn't allowed, plans for the first time to lend its brand names to hotels that don't have casinos.

Dynegy Names Four New Directors

Dynegy unveiled the four directors who will play key roles restocking the board and restructuring the struggling power producer.

• Earlier: Dynegy Warns of Chapter 11

BofA Promises 'Peace Dividend'

Bank of America CEO Brian Moynihan said the bank can earn between $35 billion and $40 billion a year before taxes when it puts the financial crisis behind it. The funds will make possible a range of payments to shareholders.

• Deal Journal: Dispatches from BofA's Investor Day
• Banks Invest in Digital Upgrades

Goldman Names Co-Heads for Americas M&A;

Goldman Sachs Group has appointed Michael Carr and Dusty Philip as new co-heads of mergers and acquisitions for the Americas.

Havas CEO Resigns

Fernando Rodes resigned as CEO of Havas to pursue other interests. The French advertising and media company said he will be succeeded by David Jones, head of the Euro-RSCG unit.

South African Program Draws Fire

Mounting criticism of South Africa's Black Economic Empowerment policy is coming to a head, putting black entrepreneurs amid a debate over how to right history's wrongs without upending business.