Freight Costs Bedevil Consumer Goods Companies -Report

Surging transportation costs are burdening major companies like Bumble Bee Seafoods and Procter & Gamble. A truck-driver shortage and lackluster infrastructure are to blame, according to the Boston Consulting Group and Grocery Manufacturers Association

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Donna Karan to Step Down as Chief Designer

Donna Karan, one of the most influential shapers of contemporary American fashion, will step down as chief designer of her namesake company Donna Karan International.

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Health Firms Paid $6.49 Billion to Doctors, Hospitals in 2014

Drug and medical-device makers paid $6.49 billion to U.S. doctors and teaching hospitals during 2014, according to the federal government’s first full-year accounting of the breadth of industry financial ties with medical providers.

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Companies, Business Groups Blast Overtime Proposal

Companies and business groups warned that a White House proposal to expand eligibility for overtime pay would curtail work hours and dent job growth as employers try to work around it to control costs.

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The Office Pet Is a Pig. No, Really

As many offices adopt dog-friendly policies, owners of less common pets, such as snakes and parakeets, have begun crowing for their share.

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Sprint Is Called Out on Throttling Policy

Sprint has been slowing video speeds for unlimited data customers for two years, and only recently began disclosing the practice more prominently after the U.S. implemented new rules governing net neutrality.

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Dangers Behind Laundry Pods Stump Experts

Children who accidently burst laundry pods experience a wide range of medical outcomes, making it hard to pinpoint what makes these packets so much more potentially hazardous than conventional liquid detergent.

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Nike Co-Founder Knight to Step Down as Chairman

Nike chairman and co-founder Phil Knight will step down next year, and he has recommended CEO Mark Parker as his successor.

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Donald Trump Sues Univision For $500 Million

Donald Trump has filed a $500 million lawsuit against Univision Communications Inc. alleging breach of contract and defamation after the Spanish-language broadcaster pulled out of airing the upcoming Miss USA pageant.

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Bosses Reclassify Workers to Cut Costs

As scrutiny into the relationship between businesses and independent contractors rises, employers find ways to take workers off the formal payroll and lower costs.

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How Fast Internet Affects Home Values

Real-estate agents across the country are seeing more home buyers preferring areas and homes based on access to high-speed Internet, and recent studies show the availability has a big impact on pricing.

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Tesla Owners Gripe Over Recharge Waits

As Greeks wait in lines to withdraw cash from bank ATMs, owners of Tesla electric cars are feeling their pain: Complaints about long lines at its free recharging stations have the company chastising frequent users.

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White House Plan to Extend Overtime Pay Sparks Businesses' Outcry

A White House proposal to expand overtime eligibility to around five million more Americans drew fire from companies and business groups, which warned it will curtail work hours and dent job growth.

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Alpha Natural Resources Creditors Ready for Possible Restructuring Talks

Creditors of coal miner Alpha Natural Resources have hired advisers to prepare for possible restructuring talks ahead of an August debt payment.

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Xiaomi Smartphone Launch in Brazil Is First Outside Asia

Xiaomi’s Redmi 2 smartphone will be the company’s first sold outside Asia and first manufactured outside China

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Kindle Paperwhite Review: Your New Beach Buddy

A new high-resolution screen, great indoors and out, helps the latest Kindle beat the iPad for an immersive reading experience, says Joanna Stern.

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Consumer Confidence Jumps in June

Consumers feel much better about the economy and labor markets in June, according to the Conference Board research group.

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Apple Loses Federal Appeal in E-Books Case

A federal appeals court upheld a 2013 decision finding Apple Inc. liable for conspiring with publishers to raise the price of e-books.

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Ocado Looks Overseas to Drive Profit

The online grocer sells products but also licenses its technology and equipment to a supermarket chain. Now it is seeking an international partner.

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Emirates Lands 388-Page Rebuttal of Subsidy Allegations

Emirates Airline has submitted a 388-page document to the U.S. government that aims to rebut accusations by North American rivals that it is unfairly subsidized.

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Pep Boys Puts Itself on the Block

Pep Boys-Manny Moe & Jack is looking for a buyer, the auto-parts and services retailer said Tuesday.

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Uber France Executives Ordered to Stand Trial

French prosecutors have ordered two top Uber executives to stand trial on charges they enabled nonprofessional drivers to operate illegal taxi services.

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Home-Price Growth Flattened in April

Home prices slowed in April, according to a report released on Tuesday, highlighting that the housing recovery remains bumpy.

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ConAgra Plans to Exit Private Brands

ConAgra Foods said Tuesday it is exploring a divestiture of its struggling private-label business and will move to aggressively cut costs and shift its focus to its consumer and commercial brands.

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Greece Considers Last-Minute Attempt at Bailout Deal

Greece’s government is considering a last-minute overture to its creditors in search of more favorable financing terms, as the country nears the expiry of its European bailout program and a likely default on an IMF loan repayments.

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Cenovus to Sell Royalty Business

Cenovus Energy agreed to sell its oil and gas royalty business to Ontario Teachers’ Pension Plan for about $2.7 billion.

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GE Sells European Private-Equity Finance Unit to Japan's SMBC

General Electric said it has agreed to sell its European private-equity finance business to Japan’s Sumitomo Mitsui Banking Corp. for about $2.2 billion.

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Blackstone to Sell Security Services Unit for $1.67 Billion

Blackstone Group L.P. agreed to sell its U.S. security services business, AlliedBarton, to French investment firm Wendel for about $1.67 billion.

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Sony Plans $3.6 Billion Offering

Sony said it would issue new shares for the first time since 1989, part of a $3.6 billion capital-raising plan that highlighted the potential of its fast-growing sensor business but left some investors nervous.

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Apple Music Is Here, But Is Streaming Right for You?

Personal Tech: Geoffrey A. Fowler examines how all-you-can-eat subscriptions Apple and Spotify change your relationship with music—and your wallet.

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Willis Group, Towers Watson to Merge

Insurance broker and risk advisory firm Willis Group and professional services group Towers Watson have agreed to an all-stock merger that values the combined company at $18 billion.

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EU Agrees to Scrap Roaming Charges, Enshrine Net Neutrality

The European Union agreed to a final version of a law that would enshrine the equal treatment of Internet traffic starting next year and would scrap cellphone roaming costs starting mid-2017.

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Trian Urges Buildup, Not Breakup

Trian has built a stake of 7.24% in Pentair, a maker of pumps and valves, and is asking the company to consider buying up rivals.

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High Expectations Play in Background of Apple Music's Debut

Until now, there have been two players in subscription music: Spotify and everybody else. That is expected to change on Tuesday, with the launch of Apple Music.

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Labor Department Expected to Expand Overtime Eligibility

Millions more Americans who work in excess of 40 hours a week will qualify for overtime pay under a proposed rule the Labor Department is expected to unveil Tuesday.

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Launch Failure Leaves SpaceX in a Longer-Term Bind

Sunday’s failed Falcon 9 rocket launch poses more significant, longer-term business challenges for billionaire space entrepreneur Elon Musk’s company than simply identifying and fixing the underlying problem.

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High Court Strikes Down EPA Limits on Mercury Emissions

The Supreme Court dealt a setback to the Obama administration’s environmental agenda by rejecting EPA rules requiring power plants to cut mercury emissions and other toxic air pollutants.

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Supreme Court Denies Google Appeal on Oracle Suit

The Supreme Court denied Google’s attempt to overturn a ruling in favor of Oracle in a closely watched case over software copyrights.

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H-P Fine-Tunes a Plan to Separate

Hewlett-Packard’s team must safely divide a $111.5 billion in annual revenue company that spans 600 locations in 170 countries without compromising the flow of revenue or payments to employees and suppliers.

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For Fed to Delay Rate Hikes, Global Tumult Would Need to Infect U.S.

A wave of financial turbulence overseas could delay the Federal Reserve’s plans to raise short-term interest rates in the months ahead, but only if it ends up knocking the U.S. economy off track.

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Savannah Port Sees Record Shipping Volume

Savannah saw container traffic surge, with West Coast labor strife sending more imports to the Georgia port

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Caesars CEO Defends His Tenure

Caesars Entertainment CEO Gary Loveman, who steps down Tuesday, built the casino company into the world’s largest before ultimately laying off thousands and overseeing the collapse of its main unit into bankruptcy.

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Walt Disney to Merge Units for Interactive Media, Consumer Products

Walt Disney Co. is merging Disney Interactive, which produces video games and online content, with Disney Consumer Products, which licenses and develops toys and other products based on the company’s intellectual property.

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At Babcock & Wilcox, Big Risks Go Up in Smoke

The split at power-plant builder Babcock & Wilcox shows how U.S. companies are tightening their focuses and scaling back riskier long-term bets in an era of activist shareholders demanding action to boost returns.

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Paris Detains Uber Executives

Police detained Uber Technologies’ top two executives in Paris, making good on a promise to crack down on the car service.

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U.S. Pending Home Sales at Highest Level in Nine Years

A forward-looking indicator of home sales rose to its highest level in more than nine years in May, a sign the housing market is gaining traction after a shaky start to the year.

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Discovery Buys European Olympic Broadcast Rights

Eurosport parent Discovery Communications reached a deal to pay €1.3 billion for exclusive European broadcast rights to the Olympic Games on all platforms for 2018 through 2024.

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U.K. County Rejects Fracking Applications

An English county government rejected applications for the first onshore hydraulic fracturing in western Europe since 2011, in a blow to the U.K.’s nascent shale-gas industry.

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Sysco Walks Away From US Foods Merger

Sysco said it would pay breakup fees and scrap its planned merger with US Foods days after a federal judge halted the deal.

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EU Prepares for Greek Bank Fallout

The European Union was preparing for the repercussions of a Greek decision to shut down its banking system for at least a week, hoping to avoid panic from spreading to other parts of the 19-country eurozone.

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China Struggles to Balance Volatile Markets

Last week’s moves by the PBOC—and the market’s response—underline not just investors’ dependency on signals from a central bank that often fails to clarify its intentions but also how hard it is for China’s leaders to steer credit.

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GE Strikes Multibillion-Dollar Deals to Sell Fleet Units

General Electric has agreed to sell its U.S., Mexico, Australia and New Zealand fleet businesses to Element Financial for $6.9 billion, with a deal to unload its European fleet business also in the works.

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Study Suggests Google Search Results Harm Consumers

New research by two prominent U.S. academics suggests that Google is harming Internet users and violating competition laws by skewing search results to favor its own services.

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Bugs Bunny, Scooby in Comebacks

Time Warner wants to become a a bigger competitor in the children’s TV business. The effort includes new Bugs Bunny and Scooby-Doo cartoons.

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Fast-Track Green Card Program Swells With New Interest

A sometimes controversial federal program that offers a fast track to green cards for foreigners who invest in the U.S. is attracting interest from new regions, including countries such as Brazil, Russia and Vietnam.

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U.S. Panel Aims to Shield Planes From Cyberattack

A high-level advisory committee set up by the FAA was scheduled to meet this month amid rising concern over airline vulnerability to computer hackers.

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Why This Tech Bubble Is Less Scary

There are signs tech is in a bubble, writes Christopher Mims. The good news, though, is it’s nothing like the last one.

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Maker of Police Body Cameras Is Acquired

Vievu, one of the largest U.S. makers of police body cameras, has been acquired by Safariland, which is bulking up its portfolio of security products ahead of a planned initial public offering next year

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Unused Borders Gift Cards Spur Fight

An attorney is making a last-ditch effort to recover some value for holders of gift cards sold by Borders, the book chain that went under four years ago.

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Hawaii Wrestles With Vagaries of Solar Power

Hawaii, with 21% of its power coming from renewable sources such as wind turbines and solar panels, has become a laboratory for those intent on reinventing the grid.

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Puerto Rico Has No Easy Path Out of Crisis

The Outlook: Puerto Rico’s long-simmering debt crisis is about to come to a boil, and most observers don’t see any easy way for the U.S. commonwealth to fix the mess.

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DOJ Girds for Strict Scrutiny of Any Health-Insurer Mergers

The Justice Department is gearing up for an exacting look at possible mergers among top U.S. health insurers, amid questions inside and outside the department about whether industry consolidation could hurt competition.

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'Jurassic World,' 'Inside Out' Knock Stuffing Out of 'Ted 2'

“Ted 2” grossed a lackluster $33 million in its opening weekend, while “Jurassic World” and “Inside Out” continued strong, each bringing in more than $50 million domestically.

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SpaceX's Falcon 9 Rocket Explodes After Liftoff

Space pioneer Elon Musk’s company suffered a major setback Sunday when its Falcon 9 rocket suffered a catastrophic failure and broke up shortly after liftoff.

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ECB to Keep Support for Greek Banks Unchanged

The European Central Bank said it will freeze for now the level of emergency loans for Greek banks at Friday’s level, a step that could push the country closer to having to impose capital controls.

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BIS Warns of Overreliance on Monetary Policy

The Bank for International Settlements issued a warning that the global economy remains too dependent on monetary policy to stimulate demand.

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ConAgra's New CEO to Talk Strategy

ConAgra Foods Chief Executive Sean Connolly faces the first opportunity since he took the helm to discuss his strategy for the packaged-food maker when it announces quarterly earnings this week.

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Judge Explains Reasons for Blocking Sysco-US Foods Merger

U.S. District Judge Amit Mehta released a public version of his opinion to block a Sysco-US Foods tie-up, revealing he sided decisively with the FTC, which had sued to block the deal.

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China's Central Bank Cuts Rates

In a surprise move, China’s central bank made a strong credit-easing move by cutting both its benchmark interest rates and the amount of reserves certain banks are required to hold.

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Greece Bailout: Eurozone Ministers to Explore 'Plan B'

Eurozone finance ministers will discuss alternatives to more bailout aid for Greece at a meeting Saturday, after Prime Minister Alexis Tsipras announced he would hold a referendum on the terms of new aid.

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A Makeover at the 'Other' Merck

Germany’s Merck has long grappled with its name in the crucial U.S. drug market, where unaffiliated group Merck & Co. holds rights to the designation. But now it is facing a more existential predicament: Will it even be a pharmaceuticals company in coming years?

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Gap to Open Two Stores in Times Square

The company says it plans separate Gap and Old Navy stores in Manhattan’s Bow Tie Building.

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Some AOL Shareholders Plan to Seek Higher Payout on Verizon Deal

Some AOL Inc. shareholders want more than the $50 a share Verizon Communications Inc. paid to take the iconic Web company private earlier this week.

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Airbnb Raises $1.5 Billion

Home-rental service Airbnb Inc. has finalized one of the biggest private-funding rounds ever, raising $1.5 billion, which will value the company at $25.5 billion, according to people familiar with the matter.

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Boeing's Incoming CEO Is Engineer With Swagger

Dennis Muilenburg, Boeing’s incoming chief executive, has an engineer’s feel for tackling tricky design problems and a proven record for keeping costs down.

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Confederate Flag at Nascar Events Earns a Caution

Motorsport operator Nascar this week sought to skirt the controversy over the Confederate Flag by supporting efforts to remove it from statehouse grounds, but fans’ use at private racetracks hurts its ability to attract new viewers.

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San Miguel Aims to Shake Up Its Brew of Beer and Fuel

San Miguel may be best known for its ubiquitous Philippine beer, but in recent years it’s making most of its money on a different sort of juice—fuel.

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Energy Future Scraps Oncor Bankruptcy Auction

Energy Future Holdings Corp. has called off the bankruptcy auction of its stake in Oncor, a Texas transmissions business worth as much as $19 billion.

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Sirius Settles Oldies-Music Suits

Sirius XM Holdings agreed to pay $210 million to settle a case with major record labels over oldies music the company has aired.

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Consumers End June on a Happy Note

The University of Michigan final June sentiment index came in at 96.1, better than the preliminary reading of 94.6.

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Activist Pushes Martha Stewart to Look for Better Offers

Plymouth Lane, which holds a 10.9% stake in Martha Stewart Living Omnimedia, wants the company to look hard for offers in the go-shop period of its deal with Sequential Brands.

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Russian Uranium Probe Reaches Into Small-Town Ohio

A widening U.S. bribery probe involving Russian uranium has reached from Moscow to a company in the heart of America’s Rust Belt.

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Tesco's Turnaround Plan Bears Fruit

Britain’s largest retailer, Tesco posted a smaller-than-expected drop in same-store sales for the first quarter, a sign that its turnaround plan is beginning to bear fruit.

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Paris Confronts Airbnb's Rapid Growth

Officials in the City of Light brag that Paris is Airbnb’s biggest market, but have ramped up housing inspections after complaints that tourists are pushing residents out of the city center.

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Paris Roads Blocked by Uber Protest

Scores of taxi drivers snarled traffic around the French capital, burning tires in protest against the expansion of Uber Technologies’ car service.

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IAC Plans IPO of Match Dating Business

IAC/InterActiveCorp unveiled plans to pursue an IPO of its Match Group division, which includes dating site Match.com and dating app Tinder.

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Global Showcase of Young Female Tech Talent

Forty-three girls and young women on 10 teams from around the world pitched their apps and business plans to five female tech executives in San Francisco. The teams are competing for $20,000 in seed funding.

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Looted Artworks Steal the Show

Works looted by the Nazis and recently restituted to Jewish heirs stole the show at closely followed sales of impressionist and modern art in London.

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FCC Seeks to Cap Discounts in Airwave Auctions

The FCC is proposing to close a loophole in wireless auctions that let partners of Dish Network claim $3.3 billion in discounts intended for small businesses.

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AT&T Plans $3 Billion Expansion in Mexico

AT&T Inc. plans to invest around $3 billion in Mexico to make its high-speed mobile Internet service available to 100 million people by the end of 2018.

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Lululemon Recalls Hoodies Over Draw Strings

A little over two years after pulling popular yoga pants for being too see-through, Lululemon Athletica Inc. is caught up in another recall, this time involving women’s hoodies.

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Less Soda Being Chosen With McDonald's Happy Meals

Kids have been drinking less soda and eating more fruit and yogurt at McDonald’s restaurants, the company and a partner said in their first report on the fast-food giant’s efforts to offer healthier options for its Happy Meals.

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Donald Trump the Politician Burns Trump the Businessman

Univision Communications said it would end its business relationship with the Miss Universe Organization, co-owned by Donald Trump, and not air the organization’s Miss USA pageant, following Mr. Trump’s recent remarks about Mexican immigrants.

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Takata Studying Possibility of Victims' Compensation Fund: CEO

The reclusive chief executive of Takata, the Japanese maker of air bags linked to at least eight deaths world-wide, made a long-awaited public appearance and disclosed the company is studying the possibility of a fund to compensate victims.

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Valeant Makes Takeover Approach to Zoetis

Valeant has made a preliminary approach to buy animal-health giant Zoetis Inc., people familiar with the matter said.

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Nike Sales Rise 4.8%

Nike recorded revenue growth across most of its geographic markets and product lines during the quarter ended in May.

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IMF: Greece Would Be in Arrears If It Misses Payment

Greece will immediately be in arrears to the International Monetary Fund if it fails to make a $1.7 billion debt repayment due June 30, an IMF spokesman said.

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Beer Brouhaha: Fresh vs. Import

Unlike other beer drinkers, Americans want an import like Guinness or Heineken to be shipped from its country of origin. But fresh beer tastes best, so do we prize image over flavor?

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U.S. Jobless Claims Remain at Low Levels

The number of Americans filing new applications for unemployment benefits ticked up last week, but remained at a historically low level.

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Nut-Butter Firm's Founder Adjusts to Growth

Justin Gold started making his own nut butter at home in 2002. Today, he holds a controlling stake in Justin’s of Boulder, Colo., a 40 employee-company that brings in more than $50 million in annual revenue.

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U.S. Consumer Spending Soars in May

Americans boosted spending in May at the fastest rate in almost six years, the latest sign the economy is rebounding from a winter contraction.

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On Samsung's Home Turf, Hedge Fund Fights to Block Merger

Elliott Advisors, a U.S. hedge fund, is taking on the sprawling Samsung conglomerate in South Korea, where overseas investors have found themselves ensnared before.

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European Airports Back Persian Gulf Airline Growth

A group representing European airports is urging the EU to strike trade accords with Persian Gulf states and others to reduce barriers to foreign carriers.

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Alibaba Affiliate Launches Online Bank Despite Regulatory Hurdles

Alibaba’s financial affiliate began operations of an online bank Thursday, though its limited services indicate the challenges it faces in China’s tightly regulated banking sector.

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Molycorp Files for Bankruptcy Protection

Molycorp, the Colorado-based producer of rare-earths, has filed for chapter 11 bankruptcy protection and has reached an agreement with major creditors to restructure its $1.70 billion debt load.

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Apple Product Assembler Foxconn Considers Listing China Units

Chairman Terry Gou said the company may list units in the mainland over the next three to five years.

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Monsanto Committed to Syngenta Bid

Monsanto CEO Hugh Grant said the company remained committed to acquiring rival pesticide-and-seed maker Syngenta.

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Trouble Brews for 'Imported' Beers Made in America

If you thought your favorite beer was an import, think again. It may have been brewed in St. Louis., or Latrobe, Pa., or Fort Worth, Texas. And if that beer is Beck’s you might soon be eligible for a refund.

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Officials Masked Severity Of Hack

Obama administration officials avoided disclosing the severity of the government employee data hack for over a week by defining it as two distinct breaches, according to people familiar with the matter. The U.S. suspects China was behind the Office of Personnel Management breach.

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WeWork Valuation Soars to $10 Billion

Six months after investors placed a $5 billion valuation on WeWork, the New York-based provider of shared office space to small companies and technology startups has reached the $10 billion mark.

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Fast-Track's Passage Sets Up Round Two on Trade

The White House and Republicans leaders notched a significant victory Wednesday with Senate passage of divisive trade legislation, but the win kicks off a grueling, monthslong process to complete a Pacific trade pact.

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Boeing to Slow Output of 747s

Boeing will slow production of its 747 jet to just one a month in 2016, though the plane maker said it remains committed to the jet and expects a recovery in the air cargo market to drive future sales.

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U.S. Economy's Expansion Stuck in First Gear

Growth has failed to achieve much more than a 2% pace since the recession ended in June 2009. Each time the economy revs up, it is upended by a significant slowdown.

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We're Working More Hours---and Watching More TV

Americans put in more hours at work last year. They also managed to find more time to sleep and watch television.

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Keeping Data Centers Cool Requires Lots of Water

High-tech largely has been spared from water restrictions in California and elsewhere, but keeping a medium-size computer-farm cool via air conditioning requires as much water as some hospitals.

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IKEA to Ratchet Up Its Hourly Pay

IKEA is raising its average minimum hourly wage in the U.S. by 10% as competition for lower-wage workers intensifies.

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Vivendi Boosts Stake in Telecom Italia to 14.9%

Vivendi on Wednesday boosted its stake in Italian telecommunications firm Telecom Italia to 14.9%, spending roughly €1 billion.

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Paradox Lies at Heart of Euro Zone's Plight

Chief economics commentator Greg Ip examines the euro’s effect of fueling imbalances while curtailing member countries’ ability to address them.

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Alfa Romeo Debuts New Sedan

Fiat Chrysler presented a new Alfa Romeo sedan billed as the start of the renaissance of the Italian sports car brand.

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BMW Offers Customers a Stake in Carshare Venture

BMW is taking a bold step that could redefine what it means to own a car, by linking its customers with the company’s global DriveNow car-sharing service.

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New Harper Lee Book 'Watchman' Sends 'Mockingbird' Soaring

Fifty-five years after it was first published, “To Kill a Mockingbird” is enjoying a sharp increase in sales, thanks to the anticipation surrounding Harper Lee’s “Go Set a Watchman,” out July 14.

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What Are the Odds Your Carry-On Won't Fit?

Even if your bag is the right size, many airplanes don’t have enough space in overhead bins.

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Check Point Aims to Stay at Front Line of War Against Hackers

Check Point Software Technologies pioneered the firewall. Now, it is scrambling to keep it at the front line of today’s war against hackers, as clients look for more innovative ways to protect themselves.

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U.S. First-Quarter GDP Revised to 0.2% Contraction

The economic slowdown early this year was less severe than previously estimated, putting the U.S. on a trajectory for stronger growth later in 2015.

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Business Spending on Equipment Stays Soft

American businesses are spending cautiously on new equipment, underscoring slow growth in the factory sector despite other signs of the economy regaining some momentum.

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Sharp Pushing Suppliers for Deep Price Cuts

Sharp is pushing suppliers for deep price cuts and considering Chinese alternatives to Japanese parts for its LCD screens.

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Google Yet to Respond to EU Antitrust Charge

Ten-week deadline to respond to charges that the U.S. tech giant skews search results to favor its own comparison-shopping service is now up.

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How Much the Best-Performing and Worst-Performing CEOs Got Paid

The WSJ’s annual survey of CEO compensation analyzed executive pay and shareholder returns at 300 companies. The CEOs generally did well when investors did, but not always.

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Bouygues Chairman Questions Financing of Altice Bid

The chairman of Bouygues said that the financing for an offer by Altice for the company’s telecommunications unit wasn’t fully lined up.

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Ahold, Delhaize Agree on $29 Billion Merger

European grocery chains Royal Ahold and Belgium’s Delhaize Group have agreed to a merger, creating one of the largest supermarket operators in the U.S., with a combined value of $29.11 billion.

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U.S. Housing Rebound Leaves Poorer Areas Behind

Home prices in wealthier neighborhoods are rising, but many poor communities are stuck with a housing crisis that drags on.

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SEC Freezes Assets of China-Based Trader Over Qihoo Activity

The assets of the CEO of a Chinese online company are frozen for suspicious trading ahead of a $9 billion buyout offer for U.S.-listed Qihoo 360.

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Big Sister Is Watching

Meet the helicopter sibling, the mobile tech-equipped family guardian who keeps tabs on sisters and brothers and filters information back to parents in ways that keep both sides happy.

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Breached Network's Security Is Criticized

A federal security system that failed to prevent millions of sensitive files on government employees from being improperly accessed has been plagued by delays and is largely unable to stop the most sophisticated attacks, officials said.

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Fans Find Way to Make Hello Kitty With Spam

A traveling festival visiting cities across North America celebrates the character Hello Kitty. One popular item: a kit to make Hello Kitty using Spam.

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Zulily Tests Online Returns Program

Zulily, one of the few Internet retailers that doesn’t currently accept merchandise returns, is reconsidering its stance.

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Boeing Elevates Insider to Succeed McNerney as CEO

Boeing operating chief Dennis Muilenburg has been tapped as CEO, will replace W. James McNerney, who will continue as chairman.

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Judge Blocks Sysco-US Foods Merger

A federal judge sided with the FTC on an antitrust challenge to the merger of Sysco and US Foods, potentially dealing a fatal blow to the planned combination of the two food-distribution companies.

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Alibaba Stumbles in U.S. Foray

Alibaba is selling U.S. shopping site 11 Main, highlighting the challenges facing the Chinese e-commerce company in Western markets.

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On Energy-Efficiency Subsidies, the Consumer Turns Out to Be Right

New study challenges the idea that people are acting irrationally when they pass up federal assistance to weatherize their homes.

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Fisker Automotive Plots a Rebirth for Karma

Wanxiang Group, which bought the electric hybrid auto maker out of bankruptcy, plans to set up a factory near Los Angeles that will manufacture an updated version of the Fisker Karma sports sedan.

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Apple Stumbles Out of the Gate With HomeKit

Geoffrey A. Fowler finds Siri isn’t a very reliable way to control the smart home.

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E-Commerce Packages Travel Around Globe

FedEx, UPS and other delivery companies are answering the call to handle more international e-commerce packages as Web shoppers buy more products from abroad.

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Takata Executive Says Air-Bag Death Toll Could Rise

The death toll tied to Takata Corp. air bags would likely rise if the Japanese supplier created a compensation fund for victims of the faulty parts, a company executive said during a Senate hearing.

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This Summer, How About a Workcation?

A growing number of employees are petitioning the boss to combine work and vacation. Workers often pay for lodging and travel, but may take conference calls or write project updates, spending off-hours with family.

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Asian Car Makers Out-Earn U.S. Rivals

U.S. auto makers’ ability to finance costly technology and emissions requirements from earnings will be tested by a broader group of competitors that for the first time include more profitable Indian and Chinese car makers.

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BlackBerry Misses Expectations

BlackBerry signaled that its efforts to transform itself into a software company focused on mobile security are on track, though its financial results continued to show signs of strain.

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Darden to Separate Some Real Estate Assets

Darden Restaurants said it plans to separate some of its real-estate assets into a publicly traded real-estate investment trust, while leasing back most of the properties.

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3M to Buy Capital Safety From KKR

3M’s agreement to buy Capital Safety for $1.8 billion shows the company is willing to increase the size of its acquisitions as part of a strategy to produce steady sales growth.

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U.S. New-Home Sales Rise to 7-Year High

Sales of newly built homes rose to a seven-year high in May, the latest sign the housing market is building momentum after years of sluggish progress.

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Fed's Powell Sees Conditions for Raising Rates by September

Federal Reserve governor Jerome Powell said that the central bank’s conditions for deciding when to initiate interest rate increases could be met “as soon as September.”

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U.S. Durable Orders Down 1.8% in May

Demand for big-ticket manufactured goods fell for the third time in four months, the latest sign of caution among businesses.

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Greece's Creditors Weigh Economic Proposals

Greece’s creditors were scrutinizing the country’s fiscal promises ahead of a crucial meeting of eurozone finance ministers on Wednesday.

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Monsanto's CEO Isn't Deterred by Rival's Rebuffs

Monsanto CEO Hugh Grant’s persuasiveness and penchant for bold moves are being tested as he woos rival Syngenta with a roughly $45 billion takeover offer that the Swiss pesticide maker repeatedly has rejected.

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U.K. Panel to Decide on Fracking

A bare patch of land in northwest England’s countryside of wheat and barley fields and grazing dairy cattle has become the focus of a question vexing Europe: to frack or not to frack?

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Bank of Russia Says Risks Remain

A likely interest-rate increase in the U.S. and unpredictable oil prices keep the Russian central bank ready to intervene, the Bank of Russia says.

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Uber Lands Big Chinese Backer

Chinese fund manager Hillhouse Capital is leading an investment in Uber, purchasing bonds that convert into shares at a discount to the ride-hailing company’s future IPO price.

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China's Factory Activity Remains Weak in June

The preliminary HSBC China Manufacturing Purchasing Managers Index, a gauge of nationwide manufacturing activity, rose to 49.6 in June, but stayed below the level separating expansion from contraction.

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Getty Joins EU's Google Complaint

Photo agency added as ‘interested third person’ in case against search giant.

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Yellen Seeks Assurance on Handing Over Information-Leak Details

Fed Chairwoman Janet Yellen told House Republicans the bank will turn over information related to a 2012 leak only after assurances it won’t impede a criminal investigation.

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Millennials Offer Tech Support to the Boss

At the office, younger workers help their befuddled older colleagues navigate an expanding array of contraptions, apps, software upgrades and social media.

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Razor Sales Move Online, Away From Gillette

The fast-growing online market for razors and blades is becoming a bigger problem for Gillette, the world’s largest shaving brand.

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General Mills to Remove Artificial Flavors, Colors from All Cereals

General Mills will strip artificial flavors and colors from the remaining 40% of its cereals that still contain them, the latest response by the food industry to changing customer preferences.

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Apple Yet to Disclose Payments for Artists

Taylor Swift scored one against Apple in a battle over royalty rates and free music streaming, but the real significance of her feat will turn on still-undisclosed details.

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Supreme Court Strikes Down Raisin Program

The Supreme Court Monday struck down a New Deal-era raisin price-support program, ruling it unconstitutionally requires growers to surrender their crop to the government for future sale.

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Ex-Dewey Partner Details Law Firm Infighting

Just over three months before Dewey & LeBoeuf LLP fell into bankruptcy, a meeting of the law firm’s key business generators devolved into finger pointing that presaged the death of the firm, an influential former Dewey partner told a jury.

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South Africa's Gold Miners Begin Wage Talks

Wage negotiations in South Africa’s gold mining sector have got under way, with unions demanding as much as double workers’ current wages.

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With Martha Stewart Deal, Sequential CEO Adds to His Branding Empire

The $353 million deal to buy Martha Stewart Living Omnimedia is just the latest for Yehuda Shmidman, the 34-year-old chief executive of Sequential Brands.

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Fukushima Still Roils Toshiba

An accounting probe shows that Toshiba continues to struggle with the financial aftereffects of the 2011 Fukushima Daiichi nuclear disaster.

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GM to Invest $245 Million, Add Jobs for New Product in Michigan

General Motors Co. on Monday said it would invest $245 million and add 300 jobs at a Michigan plant that was saved during the 2009 government bailout of the company, with the money coming to outfit the factory for the production of an undisclosed vehicle.

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Nine Charged in Connection With 2013 Quebec Train Derailment

Canada said Monday it had laid charges against nine parties in connection with the deadly derailment of a crude-carrying train in Lac-Mégantic in July 2013.

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Williams Cos. Shares Rally Following Rejection of Energy Transfer Offer

Shares of the natural-gas pipeline giant surged after it rejected a nearly $50 billion buyout offer.

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U.S. Existing-Home Sales Increase 5.1% in May

Sales of previously owned homes regained momentum in May, a welcome sign that the housing market remains strong after sales fell unexpectedly in April.

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Martha Stewart Living Reaches Buyout Deal

Martha Stewart Living Omnimedia has reached a deal to be bought by Sequential Brands, an acquisitive retail-licensing company, for about $353 million.

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Ferrero Sweetens Chocolate Ambitions With Thorntons Deal

Italian family-owned chocolate maker Ferrero has agreed to buy smaller British rival Thorntons for $178 million.

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Ghana's Growth Spurs Uncontrollable Trash

Drains clogged by plastic bags in the capital, Accra, overflowed in June, causing a massive flood that killed at least 150 people.

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Altice Confirms Offer for France's Bouygues Telecom

European telecom company Altis SA said it has made an offer to buy France’s Bouygues Telecom, confirming weekend reports of a multibillion-dollar takeover approach which could create France’s largest operator by subscribers.

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Energy-Saving Material Gets a Boost

KKR is placing a bet on a material used to make energy-saving light bulbs, leading a $70 million funding round for the startup Transphorm Inc.

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Report Finds NHTSA Too Troubled to Ensure Auto Safety

The U.S. auto-safety agency is beset by problems keeping it from adequately protecting consumers, culminating in a failure to spot faulty GM ignition switches now linked to more than 100 deaths, a government audit found.

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Health Mergers Could Cut Consumer Options

Potential deals among the biggest health insurers—including Cigna, Anthem, Aetna, Humana and UnitedHealth—could have market overlaps that damp competition, a Journal analysis finds.

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Oil-Price Drop Isn't Tonic for Sonic

Drive-in chain Sonic Corp. has rocketed ahead after a slump. Now it looks overheated.

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Brazil 'Carwash' Shrugs Off Scandal

The Posto da Torre, or Tower Gas Station, has been implicated in a massive corruption investigation, but its notoriety hasn’t deterred customers in Brazil’s capital from lining up for its cheap gas and fried snacks.

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Insurers, Hospitals Brace for Health Law Ruling

Hospitals, doctors and consumers prepare for fallout if the Supreme Court strikes down subsidies that help 6.4 million Americans buy insurance.

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Bosses Use Anonymous Networks to Learn What Workers Think

Anonymity often breeds bad behavior on the Internet. But companies are using social networks to get anonymous feedback from workers, hoping to gauge their employees’ commitment, which could affect the bottom line.

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Williams Cos. Rejects $48 Billion Buyout Offer

Williams Cos. has rejected an unsolicited buyout offer worth $48 billion but is open to other offers, the natural-gas pipeline company said.

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Uber Bans Guns in Its Cars--news digest

Uber Technologies has become the latest high-profile company to thrust itself into the gun debate with a decision this month prohibiting drivers and passengers from carrying firearms in its fleet.

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Airline Web Services Poised for a Big Upgrade

Airborne Internet services are poised to make the hours that passengers spend in an aircraft cabin a dramatically different experience.

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Digital Upheaval Grips Cannes--news digest

The Cannes advertising festival, which begins Monday, is known for self-congratulatory backslapping, talk of creativity and a steady flow of rosé. This year something else will likely be part of the mix as industry honchos party on the French Riviera: worry.

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J.P. Morgan Faces a Void After a Deal Maker's Death

The unexpected death last week of banker James “Jimmy” Lee leaves a void at the top of J.P. Morgan Chase.

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A Chinese Billionaire's Soured Solar Bet

Li Hejun, wagering on ‘thin film,’ became China’s richest man. Now his Hanergy subsidiary faces investigation after stock implosion.

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SEC Fights Challenges to Its In-House Courts

The SEC is fending off a flurry of legal challenges to its in-house court system, which is a key cog in its enforcement strategy but has drawn mounting criticism.

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Taylor Swift Says No to Apple

Taylor Swift said Sunday that she won’t allow her latest album, “1989,” to be included in Apple’s new music-streaming service, in a protest over royalties.

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Chasing (and Finding) Cash Lost in China

For some U.S. investors trying to hold Chinese companies to account, Robert Seiden could be the last, best hope.

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MIT Economist Had Bigger Role in Health Law, Emails Show

Jonathan Gruber, whose comments about the Affordable Care Act touched off a political furor, worked more closely than previously known with the White House to shape the law.

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Cigna Rejects Anthem Takeover Bid

Cigna Corp.’s board of directors has rejected a $47.5 billion takeover offer from Anthem Inc., saying in a letter Sunday they were “deeply disappointed” in Anthem’s actions.

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Rising Mortgage Rates to Test Housing Market's Strength

The Outlook: The housing market could be in for a bumpy ride as mortgage rates climb, putting homes in pricier cities out of reach of more buyers.

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'Jurassic World,' 'Inside Out' Both Draw Crowds

Both “Jurassic World” and “Inside Out” enjoyed strong weekends at the box office, with the dinosaur sequel grossing an additional $102 million domestically and the Pixar animated movie raking in $91.1 million.

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Pressure Mounts on Europe to Find Greek Solution

European leaders’ talks on Monday could determine whether Greece seals a last-gasp deal or ends up under capital controls. The pressure is intense but the hurdles remain formidable.

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Altice Offers to Buy France's Bouygues Telecom

Altice has made an offer of around $11.4 billion to buy French mobile operator Bouygues Telecom, in a deal that would face stiff regulatory hurdles in France as it would reduce the country’s number of mobile operators from four to three.

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Why Railroads Can't Keep Enough Boxcars in Service

A shrinking supply of that once-ubiquitous symbol of U.S. economic might, the railroad boxcar, is creating problems for paper goods and other shippers who can’t find enough cars.

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Greece Considers Last-Ditch Proposals

Greece’s government is considering new fiscal proposals to avoid a collision with its creditors on Monday, in what could be a last-ditch effort to avert capital controls and a debt default.

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Auto Parts Maker Gestamp to Open U.S. Facility to Supply Volkswagen

Spanish automotive supplier Gestamp is planning to open a new pressing plant in Chattanooga, Tenn. to supply Volkswagen.

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Anthem Raises Offer for Cigna to $54 Billion

Anthem Inc. boosted its takeover offer for Cigna Corp. and is going public with the bid after the two sides failed to reach agreement, the latest move in a frenzy of attempted mergers among health insurers.

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EU Demands Major Changes to Google's Search Rankings

The European Union has demanded sweeping changes to the way Google ranks rival comparison-shopping services in its general search results and warned that the company could be fined for alleged antitrust violations.

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CarMax Sales Raise Caution on Auto Pricing

CarMax, a big retailer of used cars, said its average selling prices slipped in its latest quarter, a caution flag for a U.S. auto industry that has relied on strong used-vehicle prices to prop up demand for new automobiles.

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Eight Deaths Now Linked to Takata Air Bags

The death of a woman in car crash in September has been linked to a faulty air bag made by Japanese parts supplier Takata, bringing the total reported deaths connected to the faulty part to eight, the NHTSA and Honda said.

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Russia Deals to East and West

Putin heralded Sino-Russian relations as having reached a level ‘unprecedented in history,’ even as state oil giant Rosneft deepened its ties with European energy companies.

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Obama Administration Proposes New Standards for Big Trucks

The Obama administration proposed new standards for big trucks aimed at lowering fuel costs and cutting carbon emissions.

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Gold Still Glitters for Mining Firm Zijin

Gold-focused Zijin Mining has ramped up its overseas asset purchases in the past three months, spending nearly $800 million on stakes in mines owned by Barrick Gold and Ivanhoe Mines.

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Dallas-Fort Worth Keeps Texas Engine Revving

The plunge in oil prices has taken some of the energy out of the Texas economy, but the still-booming Dallas-Fort Worth metro region has helped the state muddle through.

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EBay Sells Craigslist Stake Back to Craigslist

EBay sold back to Craigslist the 28% stake it has held since 2004.

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Uber Readies $2 Billion Credit Line

Uber’s deal underscores Wall Street’s enthusiasm for the ride-sharing company’s prospects.

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Comcast Founder Ralph Roberts Dies at 95

Ralph Roberts, who transformed a tiny Mississippi cable company into what eventually grew into industry giant Comcast, has died at 95.

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Brazil Police: Odebrecht, Andrade Gutierrez Chief Executives Arrested

Brazil’s Federal Police said they arrested the chief executives of construction giants Odebrecht SA and Andrade Gutierrez on Friday morning.

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BP, Rosneft Sign Production, Exploration, Refining Pacts

Oil majors BP and Rosneft have signed several production, exploration and refining agreements, strengthening the long term strategic relationship between the two companies.

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Airlines Train Pilots for Extreme Maneuvers

The latest trend in training pilots to fly commercial jets features the practicing of extreme maneuvers in small, propeller-powered aircraft.

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Toyota Chief Stands by Executive After Arrest in Japan

Toyota’s president extended his support to a senior executive arrested on suspicion of violating Japan’s tough drug laws, but stopped short of guaranteeing that she would keep her job.

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Harley-Davidson's Hurdle: Getting Young Riders

Motorcycle maker Harley-Davidson’s new CEO is hoping to stir a counterculture movement that will bounce the videogame generation off of the couch and onto the back of its bikes.

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Macabee Doesn't Gopher Change

Macabee, an old-time maker of gopher traps, is a stickler for tradition—a rarity in Silicon Valley. But existential questions loom for the family run firm.

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At VW, Next Chief Wields an Ax

Known as a cost-cutter, Volkswagen’s new brand chief, Herbert Diess, takes over next month as a larger restructuring at Europe’s biggest auto maker has yet to play out.

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Exxon Mobil, Petróleos de Venezuela to Sell Refinery

Exxon Mobil and Petróleos de Venezuela are ending their business partnership, selling a jointly owned Louisiana refinery to PBF Energy.

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Nintendo Lets Donkey Kong Out to Play on 'Skylanders'

Nintendo delivered a surprise this week at the Electronic Entertainment Expo when it said its iconic Bowser and Donkey Kong characters would appear in “Skylanders SuperChargers,” the coming fourth installment of Activision’s popular videogame series.

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Seen That Job Listing for a While? It's No Coincidence

Across the economy, the time it takes to fill jobs is lengthening, according to two new pieces of research. Blame it on the raft of interviews, tests and screenings that job candidates must go through.

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ConAgra Shareholder Jana Calls for Change

Jana, which declared a 7.2% stake in ConAgra on Thursday, says it is prepared to nominate a slate of directors to the board.

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Wal-Mart Ushers 'Greeters' Back to the Front

Three years ago, Wal-Mart moved its “greeters” away from entrances so they could direct shoppers to open registers or tidy shelves. Now, it is experimenting with moving them back, in part to deter theft.

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FCC Moves to Prevent Robocalls, Spam Texts

The Federal Communications Commission adopted a rule giving telephone companies wider latitude in preventing robocalls and spam text messages to consumers on both landline and wireless phones.

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Martha Stewart Living Omnimedia Nears Deal to Be Bought

A deal between Sequential Brands and Martha Stewart Living could be announced in the coming days, according to people familiar with the matter.

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NBC Keeps, but Demotes, Brian Williams

NBC announced that embattled “Nightly News” anchor Brian Williams will remain at the network, but in a diminished role on its sister cable news channel MSNBC.

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Iran Offers West Better Oil-Contract Terms

Iran is prepared to offer longer and more profitable contracts to international oil and gas firms if sanctions are lifted, but in return expects substantive partnerships with Iranian companies to reverse production declines.

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Virtual Reality Gets Real for Sony

To find out more about Sony’s Project Morpheus virtual-reality headset, which is due out early next year, The Wall Street Journal sat down with Andrew House, president and group CEO of Sony Computer Entertainment.

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Gazprom Signs Preliminary Deal to Expand Gas Pipeline to Germany

Russia’s state gas firm OAO Gazprom signed a preliminary deal with three European companies to expand a pipeline to Germany, aiming to cement the company as the European Union’s main gas supplier even as it faces antimonopoly charges there.

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Fitbit Shares Surge in Debut

Fitbit shares soared in their stock-market debut. The stock opened at $30.40, 52% above its initial public offering price of $20.

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News Corp to Cut Jobs, Shift Resources

New Corp is carrying out a major reorganization at the unit that publishes The Wall Street Journal that will involve substantial job cuts and shifting of resources into digital media efforts and core coverage areas.

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Amazon, Penguin Agree to Deal on Book Sales

Amazon.com Inc. and Penguin Random House, the world’s largest consumer book publisher, have reached terms covering the sale of digital and physical books in the U.S. and U.K.

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Regulators Detail Fiat Recall Problems

NHTSA concludes Fiat Chrysler failed to fix recalled vehicles fast enough and neglected to alert in a complete, timely manner.

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How Much Should Cancer Drugs Cost?

Doctors at Memorial Sloan Kettering have created an interactive calculator that compares the cost of cancer drugs with what the prices would be if they were tied to factors such as the side effects and the amount of extra life they give patients.

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Toyota's First Female Executive Arrested on Drug Allegation

Japanese police arrested Toyota executive Julie Hamp, an American who is the highest-ranking woman in the auto maker’s history, alleging she tried to import dozens of tablets of the painkiller oxycodone.

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U.S. Consumer Prices Rise 0.4% in May

U.S. consumer prices posted the largest monthly increase in May in more than two years, a sign modest inflation pressures are beginning to build.

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U.S. Jobless Claims Fall to 267,000

The number of Americans seeking first-time unemployment benefits fell last week, the latest sign of steady job creation.

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U.K. Investigator Says Chinese Officials Tried to Force Confession

A British private investigator freed last week from a Chinese prison accused officials there of withholding medical care in a bid to extract a written confession.

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Rolls-Royce Fights Back in Business-Jet Market

Rolls-Royce plans to refresh its lineup of aircraft engines aimed at the lucrative business-jet market, part of a technological push by the British engineering group to extend the reach of its jet-engine business.

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Macy's Real Estate Has Shareholders Salivating

Macy’s owns some of the world’s most valuable property and is being urged by investors to unlock that value. The department store chain is studying the situation, but doesn’t want to be saddled with leases.

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EU's Vestager Defends Competition Record

Europe’s top competition official denied suggestions she has pursued political goals in pursuing major overseas companies like Apple and Google.

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Pepper, SoftBank's Emotional Robot, Goes Global

SoftBank’s humanoid white plastic robot, which is being billed as having the ability to understand human emotion, has its eyes set on the world.

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Greece, Eurozone Seek to Bridge Gaps as Deadline Looms

Eurozone finance ministers have another chance to break the deadlock in talks over Greece’s international bailout, as warnings grow of the potential impact of a Greek default.

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J.P. Morgan Vice Chairman Jimmy Lee Dies

J.P. Morgan said Vice Chairman Jimmy Lee died unexpectedly Wednesday morning.

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Holt Named Permanent NBC 'Nightly News' Anchor

Comcast’s NBC is expected to elevate Lester Holt to permanent anchor of its ‘Nightly News’ broadcast, four months after he took over on an interim basis following the suspension of embattled predecessor Brian Williams.

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Lawyers Go Zen, With Few Objections

Attorneys reconsider the profession’s “Rambo” image in favor of a more meditative, laid-back style.

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Murdoch Succession Plan Means New Bosses for Ailes

The head of Fox News, Roger Ailes, has enjoyed considerable autonomy while reporting to Rupert Murdoch. Under a new leadership structure at 21st Century Fox, he will report to Mr. Murdoch’s sons, James and Lachlan.

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Memo to Fed: Let the Economy Overheat

Chief economics commentator Greg Ip says Janet Yellen and the Fed would do well keep rates low and let the economy overheat a bit.

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Oracle Misses Profit, Sales Forecasts

Oracle posted a larger-than-expected sales decline and missed analysts’ profit forecasts for its fiscal quarter ended May 31, citing the effects of a stronger U.S. dollar and technology shifts.

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U.S. Steel Firms Scrap Old Methods to Compete

Nucor and U.S. Steel are trying new approaches to cope with a flood of low-priced imports that are reshaping the American steel industry.

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The Secret Math of Airbnb's $24 Billion Valuation

Representatives for Airbnb have told investors that it expects revenue to triple this year to more than $900 million and then grow to $10 billion in 2020.

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Small Firms Aim to Raise Capital More Easily Under New Rules

Some entrepreneurs and business owners are preparing to raise up to $50 million in capital, without facing the legal costs and financial reporting requirements of going public, taking advantage of new rules that kick in Friday.

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Nestlé Works to Navigate India's Regulatory Tangle

Nestlé’s dispute with Indian authorities over the safety of its popular instant-noodle packets highlights the kind of confusing and sometimes conflicting regulations and unpredictable enforcement that have made many companies cautious about placing big bets on India.

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Businesses, White House at Odds on Overtime Pay

The Obama administration is facing off with business groups and some economists over a new rule that is expected to make millions more Americans eligible for overtime pay.

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Fed Signals Rate Moves Before Year's End

The Federal Reserve kept rates near zero but signaled it was moving toward interest rate increases in the months ahead now that signs of a dip in economic activity early in the year are waning.

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House Committee Rejects Yellen's Reason for Not Complying With Subpoena

House Republican lawmakers investigating the Federal Reserve have rejected Chairwoman Janet Yellen’s rationale for not handing over information requested under a subpoena.

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Fiat Chrysler Brands Get Poor Ratings in Quality Study

Sergio Marchionne’s campaign to find a buyer for Fiat Chrysler Automobiles was dealt a blow Wednesday, as an influential quality study ranked three of the auto maker’s brands as the worst performers in the auto industry.

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Uber Driver Was an Employee, California Commission Says

A ruling by the California Labor Commission says an Uber driver was an employee of the company, not a contractor.

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FCC to Fine AT&T $100 Million for Capping Unlimited Plans

The Federal Communications Commission plans to fine AT&T $100 million for allegedly deceiving consumers about unlimited wireless data plans, the agency said.

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Former Nokia CEO Elop Leaving Microsoft

Stephen Elop, who had been chief executive at Nokia before it was bought, is leaving Microsoft, where he led the hardware devices business.

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FedEx Profit, Revenue Miss Estimates

Shipper FedEx reported slightly weaker-than-expected revenue and adjusted profit in its latest quarter; it also boosted the mandatory retirement age for its board members as its CEO approached the limit.

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China Buyout Wave Reaches New High

Chinese Internet firm Qihoo 360 Technology received a management-buyout offer valuing it at about $10 billion, marking potentially the largest deal yet in a wave of going-private offers for U.S.-traded Chinese firms.

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Cisco Unveils $10 Billion China Plan

Cisco Systems said it will make investments and partnerships worth more than $10 billion in China as the networking-gear maker looks to strengthen its position in the market.

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EU Resurrects Bid to Agree on Common Rules

The European Union’s executive announced a raft of initiatives to harmonize tax rules for companies within the bloc and further clamp down on tax avoidance by big, multinational firms.

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Botox Owner Allergan to Buy Maker of Double-Chin Treatment

Botox maker Allergan agreed to buy Kythera Biopharmaceuticals, which is preparing to launch an injection aimed at reducing so-called double chins, for about $2.1 billion.

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Clinton to Propose Apprenticeship Tax Credit

Hillary Clinton plans to propose a new tax credit for businesses that hire and train apprentices.

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Boeing Gets Jumbo, Cargo Boost

Boeing kicked off day three of the Paris Air Show with a big order for 747-8 cargo planes, providing a much-needed boost to the venerable jumbo jet.

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IKEA Can't Stop Obsessing About Its Packaging

IKEA is sharpening its attention to detail and refining its already obsessive focus on efficiency as it looks to drive revenue growth. Efficient packing—which lowers transport costs—is at the heart of the Swedish furniture retailer’s ability to stay affordable.

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Indian Court Leaves Ban on Uber in Place in Delhi

An Indian court left a ban on Uber Technologies in place in Delhi and asked transport regulators to respond to the ride-hailing company’s challenge to an order barring the service.

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Rémy Cointreau Rebounds on Premium Spirits

Cognac maker Rémy Cointreau has successfully cut costs and sold more premium-branded liquor to offset the continuing slump in brandy demand in China, turning in sharply higher net profit in the year to end-March.

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U.S. Birthrate Hits Turning Point

Six years after the recession ended, the nation’s birthrate has begun to climb again.

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How Carey Helped Build Fox Into a Major Player

Chase Carey, who is stepping down as Fox’s chief operating officer, has been its chief deal-maker, prime negotiator in battles with pay-TV giants, and ambassador to Wall Street during his nearly three-decade career.

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Hedge-Fund Bet Hits Pensions

U.S. companies from Ford Motor to supermarket chain Kroger have boosted their pension plans’ bets on hedge funds, a shift that left many of them on the short end of a stock-market rally.

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Insurers Playing a Game of Thrones

Big U.S. insurers are courting one another for possible multibillion-dollar deals. How they pair off could have significant implications for the managed-care industry, its customers, and U.S. medical providers.

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FDA Restricts Trans Fats

The Food and Drug Administration imposed considerable restrictions on the use of partially hydrogenated oils in processed food, saying the ingredient should no longer be assumed to be safe.

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Are Companies Any Good at Picking Stars?

At a time when firms have more data than ever on employees’ habits and productivity, predicting which employees will excel in bigger jobs remains more art than science.

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Hulu Steps Up Its Fight Against Netflix

Video-streaming service Hulu is working harder to please television giants, paying up for shows and promising to promote their network brands, and in the process luring some content producers from Netflix.

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Rupert Murdoch to End Fox CEO Duties July 1

Rupert Murdoch will elevate his sons James and Lachlan into top leadership roles in his entertainment empire later this month, carrying out a long-anticipated transition at 21st Century Fox.

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Automatic Brakes Complaints Get Car Regulator's Attention

A relatively new safety feature in some vehicles—automatic braking systems—are facing complaints by drivers who say some are activating for no apparent reason.

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Maersk Bets Small Shippers Can't Compete

Company figures smaller shipping firms will leave the business in coming years, unable to compete with the big shipping firms

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Apple Revokes Monster's Authority to Make Licensed Accessories

Monster LLC says Apple Inc. revoked its authority to make licensed accessories for Apple devices after Monster and its chief executive sued Beats Electronics LLC in January.

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Cablevision CEO Says Big Bundle Customers Will Fall

Cablevision Systems Corp. Chief Executive James Dolan says the number of customers paying for the traditional big bundle of TV channels is going to shrink by about 20% to 25% over the next five years.

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United Airlines to Shift Premium Transcontinental Flights to Newark

United said it would move a fleet of 15 planes used on transcontinental luxury flights from JFK to Newark in a bid to help shore up a money-losing business.

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Bombardier, Lockheed to Make Joint Bid for Pentagon Surveillance Planes

Lockheed Martin Corp. said it will partner with Bombardier in a bid to supply the Pentagon with new surveillance planes to replace aging Boeing 707s.

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These Apps Might Finally Get You to Save Money

Tech Review: Shaky savers can find financial discipline using Acorns, Digit.co, Level Money or Mint, Geoffrey A. Fowler reports.

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Fitbit Boosts Proposed IPO Price

Fitbit raised the estimated price range for its initial public offering by $3 a share, implying a valuation for the wearable fitness tracking company of nearly $4 billion.

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Billionaire Kirk Kerkorian Dies at 98

Billionaire financier Kirk Kerkorian, who built Las Vegas hotels and bought and sold MGM three times, has died. He was 98.

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Amazon Seeks Help With Deliveries

Amazon is considering developing a mobile application that would pay people, rather than traditional carriers, to drop off packages in an effort to cut down on rising shipping costs.

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White House Economist: Consumers to Help Power Economy

The White House’s top economist on Tuesday said he expects U.S. households to spend more and save less in the coming months, helping fuel the economy.

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U.S. Home Construction Cools in May

Home construction cooled in May after a flurry of activity earlier in the spring, but underlying demand for houses appears to be growing as more Americans get jobs and wages pick up.

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Boeing Bags 100-Plane Air-Show Deal

Boeing has secured an order for 100 single-aisle 737 Max jetliners worth nearly $11 billion at list price in the biggest single contract by volume for a plane maker so far at this year’s Paris Air Show.

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Foreign Retailers Bend to Conform to Saudi Religious Rules

Foreign retailers such as Marks & Spencer are piling into Saudi Arabia amid a shopping-mall boom, showing they can adapt to the kingdom’s religious strictures, while courting a fast-growing and affluent consumer class.

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Alibaba, Foxconn in Talks to Invest $500 Million in India's Snapdeal

The potential investment by Alibaba and Foxconn could value the Indian e-commerce startup at $5 billion.

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Airbus Eyes Sikorsky

Airbus Helicopters is keeping an eye on United Technologies Corp.’s plan to unload helicopter maker Sikorsky Aircraft, though it hasn’t committed to making a bid for its rival.

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Statoil Cutting up to 1,500 Permanent Jobs

Norway’s Statoil launched the next phase of its efficiency program, announcing it would cut between 1,100 and 1,500 permanent employees by the end of 2016.

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Etsy Tests Crowdfunding Venture

Online artisan-and-vintage marketplace Etsy is launching a pilot program that allows sellers to raise money on the company’s website to fund the manufacture of new products.

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UnitedHealth Has Approached Aetna About a Takeover

UnitedHealth Group Inc. has approached Aetna Inc. about a takeover deal that would likely be valued at more than $40 billion, the latest move in a frenzy of merger talks in the health-insurance industry.

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The $50 Billion Question: Can Uber Deliver?

Investors are counting on Uber to upend the delivery business much as it has for taxis, but progress has been slow so far.

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Former AIG Chief Wins Moral Victory in Crisis-Era Bailout

A federal judge ruled that the U.S. government exceeded its authority in its 2008 rescue of AIG, but the former AIG chief and thousands of shareholders didn’t win any of the $40 billion in damages they had sought.

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Will the Corona Flow Fast Enough to Meet U.S. Demand?

Constellation Brands is boosting the size of its Nava Brewery in Mexico so it can pour even more beer into the U.S.

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Visa Glitch Strains U.S. Farms

A State Department hardware failure has left legal farmworkers stranded in Mexico, threatening the harvest of some fruits and vegetables.

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'Jurassic World' Can't Touch Scarlett O'Hara

There is no question that “Jurassic World” was an instant blockbuster when it opened this past weekend. But adjusted for ticket-price inflation, “Jurassic World” and every other movie released in the last 38 years have nothing on “Gone With the Wind,” “Star Wars” and “The Sound of Music.”

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UPS to End Some Shipping Discounts

UPS is telling dozens of retailers it intends to do away with big discounts on oversize packages this holiday season and, in the case of some retailers, year round.

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Colt Backer Faces Test to Hang On To Gun Maker

Colt is racing toward an early-August bankruptcy auction that private-equity backer Sciens Capital Management hopes will allow it to hang on to the business, minus more than $250 million in bond debt.

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Gap Plans to Close Stores, Cut Jobs

Gap plans to close about 175 North American stores as part of a plan to increase the profitability of its namesake brand.

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Belgium Takes Facebook to Court

Belgium’s privacy watchdog is taking Facebook to court over its tracking system and its treatment of “nonusers,” escalating a dispute with the U.S.-based social media company over its privacy practices.

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High Court Rejects Lawyers' Claim for Defense of Fees

The U.S. Supreme Court said Monday that bankruptcy courts can’t award fees to a law firm for the time its lawyers spent defending its fees in a billing dispute.

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Tesla's Lower-Cost Line to Include Sedan, Crossover

A top Tesla Motors executive said the company’s coming Model 3 electric vehicle portfolio will result in a mass-market sedan and crossover vehicle sometime in 2017.

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Anthem Makes Bid for Rival Cigna as Insurers Talk Deals

Anthem has made a takeover approach to Cigna, according to people familiar with the matter, as a consolidation wave in the health-insurance industry intensifies.

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Race for China's Riders Shifts Into Higher Gear

Chinese ride-hailing app Didi Kuaidi is in discussions to raise over $1 billion from investors to boost its war chest, as it battles with U.S.-based Uber.

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U.S. Home Builder Confidence Hits Nine-Month High

Confidence among U.S. home builders in June rose to its highest level in nine months, a sign the housing market may be picking up steam after a sluggish winter.

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New FCC Web Rules Take Effect

The latest net-neutrality rules took effect Friday. Previous efforts to regulate broadband Internet providers were shot down in the courts.

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U.S. Auto Industry Develops Weak Spot

The U.S. auto industry is on a roll by most accounts, with industry volume sizzling and profits riding high on a SUV and pickup-truck boom. There is a weak spot, however.

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U.S. Industrial Production Declines in May

U.S. industrial production declined in May, a sign weak global demand and a strong U.S. dollar continue to hold back output.

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CVS to Buy Target Pharmacy Business

CVS Health agreed to buy Target’s pharmacy and clinic businesses for about $1.9 billion in a deal that will significantly grow CVS’s retail presence.

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Colt Files for Bankruptcy

Colt Defense LLC filed for chapter 11 bankruptcy protection, warning its business is in a fragile state and it needs a quick sale to survive.

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Bank of Russia Cuts Interest Rates

The Bank of Russia cut interest rates for the fourth time this year to check Russia’s economic contraction, but the central bank said inflationary risks limit the scope for more monetary easing.

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Airbus, Boeing Open Paris Air Show Order Bonanza

Airbus and Boeing kicked off the Paris Air Show as they combined to win more than 200 jetliner orders before midday.

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EU Warns Against Big Telecom Mergers

EU antitrust chief Margrethe Vestager warned that mergers between national telecom companies could harm consumers and probably didn’t boost investment.

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UTC to Shed Sikorsky Helicopter Unit

United Technologies Corp. said plans to sell or spin off helicopter maker Sikorsky Aircraft by the end of the third quarter this year after a strategic review of the business.

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Hudson's Bay to Buy German Chain Galeria Kaufhof

Hudson’s Bay Company, the operator of Saks Fifth Avenue, is to buy German department store chain Galeria Kaufhof from retailer Metro for $3.19 billion including liabilities, in a move to expand beyond North America and potentially introduce Saks-branded stores in Europe.

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Time Stands Still at Fabled Indian Watch Factory

At HMT Watch Factory V, nestled between Nepal and Tibet in northern India, time stands still in more ways than one. Its windup watches were once go-to gifts, but now the days tick by.

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In Ferguson, a Long Road Getting Back to Business

Ten months after Michael Brown’s shooting death, the community is struggling to recover and rebound.

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Ford Plans to Get Back in the Race at Le Mans

Ford said it will field a factory-sponsored team in next year’s 24 Hours of Le Mans, 50 years after the company overwhelmed Ferrari in one of history’s greatest grudge matches.

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Home Builders Standard Pacific and Ryland to Merge

Standard Pacific and Ryland Group plan to merge to create a combined company that would have an equity market capitalization of about $5.2 billion.

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United Customers Forced to Chill Out in Canada

Passengers on a United flight bound for London spent Friday night in a military barracks in Goose Bay, Canada, after a maintenance issue described as an unexpected vibration.

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Twitter CFO's Ascent Creates New Power Center

Twitter CFO Anthony Nolo has amassed a broad range of responsibilities in less than a year on the job, and has emerged as a front-runner to succeed Dick Costolo, who will be stepping down as CEO on July 1.

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Obama Fights to Save Trade Bill

A deep Democratic divide over President Barack Obama’s ambitions to expand trade in the Pacific clouded prospects this week for reviving key legislation after the House dealt it a stinging setback and Hillary Clinton expressed qualms Sunday.

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Lab Nears Settlement Over Pricey Drug Tests

The nation’s largest drug-testing lab, Millennium Health, is negotiating a major settlement over allegations it billed the government for unnecessary Medicare tests.

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Why Apple Should Kill Off the Mac

Keywords: Ditching its most-refined brand will allow Apple to focus on products that represent the future, writes Christopher Mims.

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'Jurassic World' Stomps Its Way to Global Box-Office Record

The dinosaurs of ‘Jurassic World’ set a record at the summer box office, bringing in a surprisingly robust $204.6 million in North America and making the film the first to gross over $500 million world-wide in a single weekend.

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European Air-Safety Chief Spreads Wings

Europe’s chief air-safety regulator is seeking to transform his agency by shaking up the bureaucracy, clashing with some airline officials and expanding into areas such as security.

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GM to Return to U.S. Medium-Truck Market

General Motors will join with Isuzu Motors to re-enter the growing U.S. medium-duty truck sector, after halting production last decade.

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Colt Defense to File for Chapter 11

Gun maker Colt Defense plans to file for chapter 11 bankruptcy protection by Monday amid business and accounting troubles.

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Fed Hones Tricky Message as It Nears Boosting Rates

Federal Reserve officials face a challenge as they tiptoe toward raising interest rates: reassure investors and the public that increases are likely to be gradual, but avoid making promises about where rates are going.

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Plane Makers Scramble for Survival in Fighter-Jet Market

Western combat-jet makers from Boeing to the Eurofighter consortium are scouring for new export deals that could prove crucial to extending production lines at risk of closing.

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Vedanta Ltd. and Cairn India to Merge

Vedanta Resources PLC, India’s biggest diversified natural resources company, said it plans to merge Vedanta Ltd. and Cairn India Ltd. in an all-share deal.

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Western Firms Suffer Chinese Shoppers' Migration to Web

Unilever and other Western consumer-goods companies have been hurt by the unexpectedly rapid migration of hundreds of millions of Chinese consumers from brick-and-mortar stores to online shopping.

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Car Dealers Aim to Curb Online Rivals

Auto dealers are sharpening their web-sales skills, hoping to curb the rise of online services like TrueCar.com and AutoTrader.com that have become so powerful some retailers now view them as potential rivals.

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Supplier Capacity Could Constrain Airbus, Boeing

A key engine supplier to Airbus and Boeing is urging the two plane makers to move cautiously in boosting output of their most popular single-aisle jetliners.

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Bluebird Bio Sickle-Cell Therapy Helped Teen

Bluebird Bio said that its experimental gene therapy helped a French teenager with sickle-cell disease go three months without a blood transfusion. Doctors said the result was encouraging, but that a one-patient study of short duration made it impossible to draw firm conclusions.

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Videogame Expo Courts Virtual Reality, Apps

Advances in virtual-reality technology and a growing appetite for apps are shaking up the videogame industry, all the way down to the floor plan of its E3 trade show in Los Angeles next week.

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Unions Claim Partial Victory on Trade Deal

Unions declared a partial victory against President Barack Obama’s plan to complete a Pacific trade deal they say would hurt U.S. jobs and wages, saying they will have to do more to stop the deal.

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Plaintiffs' Lawyers Bring Racketeering Claims Against GM in Ignition Suits

Lawyers representing consumers suing GM over a faulty ignition switch brought racketeering claims against the auto maker.

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Looking for Mystery Man in Faux Avon Bid

Nedko Nedev, the Bulgarian man alleged to be at the center of a bogus takeover attempt that drove up shares of Avon Products last month, appears to be as much a mystery at home as in the U.S.

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U.S. Probes Nike Payments Under Brazil Deal

U.S. authorities are examining payments made by Nike under a 1996 soccer sponsorship with Brazil for possible evidence of any wrongdoing by the company in addition to its counterparts in the deal.

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Bombardier Jet Is Poised for Strong Paris Performance

Canada’s Bombardier is hoping a strong showing for its CSeries commercial jet at the Paris International Air Show will help resuscitate orders for its new flagship aircraft.

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Reynolds CEO Cameron To Push Newport Cigarettes

Reynolds American CEO Susan Cameron said she plans to put more sales muscle behind newly acquired Newport, the second-largest U.S. cigarette brand, following the company’s $25 billion acquisition of Lorillard Inc.

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Takata Air Bag Cited in April Death

U.S. officials say a ruptured Takata air bag was ‘likely involved’ in the death of a Louisiana woman whose Honda hit a utility pole in April, the seventh such fatality.

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FedEx to Book $2.2 Billion Pension Accounting Charge

FedEx said it will book a $2.2 billion pretax charge in its most recently ended quarter as a result of its decision to switch to a pension accounting method that it said makes it easier to gauge plan performance.

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