HP Inc., Hewlett Packard Enterprise Part Ways

Meg Whitman will ring the bell at the New York Stock Exchange on Monday as the brand-new company she will lead, Hewlett Packard Enterprise, begins trading.

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Merkel Urges Full VW Disclosure

The German chancellor weighed into the VW emissions scandal in her weekly podcast, suggesting that wider damage to the country’s corporate image will depend on how vigorously the car maker deals with resolving the affair.

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Amazon to Shutter Two Units

Amazon.com Inc. is shuttering two units, including its once-touted in-store register that was meant to compete with Square Inc.

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Sprint Chairman Masayoshi Son Buys a House Near Sprint's Headquarters

Sprint Corp. Chairman Masayoshi Son recently bought a house in Kansas City, Kan., a sign the Japanese billionaire will be spending more time near the company’s headquarters.

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For Nonprofits, Halloween Can Be Scary Lucrative

Halloween is supposed to be a scary time of year, but it warms employees’ hearts—and fills the coffers—at many nonprofits.

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Caterpillar Gets More Grand Jury Subpoenas in Tax Probe

Caterpillar Inc. has received more subpoenas relating to a U.S. grand jury investigation of its tax practices disclosed in February, a securities filing from the maker of heavy equipment showed Friday.

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United Continental to Pause Airport-Job Outsourcing

United Continental Holdings Inc., which has outsourced jobs at 39 U.S. airports since 2013 to vendors who perform the duties at lower cost, said Friday that it will halt that practice until at least the end of 2016.

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Ackman Mounts Valeant Defense

Hedge-fund manager William Ackman worked the phones for nearly four hours to defend his $4 billion investment in beleaguered drug company Valeant. But investors responded by dumping shares.

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NFL Player Sues Fantasy Sports Firm FanDuel

Washington Redskins wide receiver Pierre Garcon has filed a class-action lawsuit against the daily fantasy sports company., accusing the site of using his name and likeness to market its product without his permission.

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Mylan Receives SEC Subpoena Related to Real Estate Deals

The Securities and Exchange Commission is investigating whether drug maker Mylan NV failed to properly disclose real estate deals between the company and its lead outside director.

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Drillers Keep Pumping in West Texas

A sprawling expanse of West Texas oil country known as the Permian Basin is least hit by pull backs among U.S. shale-oil drillers because companies can still make money there at the current under-$50-a-barrel price.

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After Debt-Ceiling Deal, a Sense of Futility Grows in Congress

Congress ended an 11th-hour showdown when the Senate passed a bill Friday that raises the debt ceiling for the last time during Barack Obama’s presidency, and many policy makers wish it could be the last such standoff in the long-running drama.

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Chevron, Exxon Cut Spending on Oil Price Slide

Chevron said it would cut up to 10% of its workforce and, along with Exxon Mobil, cut its future capital spending again as the two oil giants try to weather a 50% drop in oil prices over the last year.

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Government Challenges Electrolux Bid for GE Appliance Unit

The U.S. government has rejected an antitrust settlement offer from Electrolux and GE and is preparing to take its concerns to trial, a Justice Department lawyer said.

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Consumer Sentiment Rebounds Less than Expected in October

Consumer confidence rebounded less than expected in October as wealthier households worried about volatility in financial markets.

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U.S. Consumer Spending Rises 0.1%

American consumers edged up their spending in September at the slowest pace since January, suggesting slowing job creation and economic turmoil overseas may be introducing some caution into purchasing habits.

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U.S. Employment Costs Rose 0.6% in Third Quarter

U.S. labor costs climbed in the third quarter, a sign wages may be starting to pick up as the job market tightens.

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Exxon Results Slide Less Than Expected

Exxon Mobil, the largest U.S. oil company, said revenue and profit slid in its third quarter but came in above Wall Street expectations.

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AbbVie Boosts Outlook as Results Top Views

AbbVie on Friday boosted its outlook for the year as profit and revenue soared above Wall Street expectations in its third quarter.

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CVS Health's Revenue Tops Views

CVS Health gave a weak profit outlook for the upcoming year, though revenue growth topped expectations in its third quarter amid continued strength in its pharmacy-services business.

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Sharp in Talks Over Panel Business After Loss

Company attributes first-half net loss of ¥83.6 billion to deteriorating Chinese demand for its smartphone display panels.

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Valeant to Sever Ties With Philidor

Valeant Pharmaceuticals said it is severing all ties with mail-order pharmacy Philidor, which will shut down operations as soon as possible.

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AB InBev Profit Hit by Currencies

Anheuser-Busch InBev NV said its third-quarter net profit fell 45% from a year earlier as the world’s largest beer maker was hit by currency volatility, masking a rise in underlying revenue.

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Airbus to Boost A320 Production

Airbus announced a big boost to production of its popular A320 single-aisle jetliner and a $1.1 billion share buyback as third-quarter net profit at the world’s second-largest plane maker rose 42%.

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British Airways Parent IAG Lifts Guidance

British Airways parent IAG modestly raised its full-year operating profit forecast as lower fuel costs and strong summer bookings drove a 39% jump in third-quarter profit.

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Mutual Funds Flail at Valuing Startups

Prices are hard to set for hot private firms and can vary widely, with a 17% gap for Uber.

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Congressional Moves May Help Business

A burst of legislative activity in Congress this week, culminating in a two-year budget deal, could lift the cloud of uncertainty and modestly boost the economy by rolling back fiscal austerity.

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American Executive Arrested in Iran

Iranian security forces have arrested an Iranian-American businessman, adding to signs that hard-liners in Tehran are trying to block foreign investors from entering in the wake of the historic nuclear deal.

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Oil Will Struggle to Break Past $60 a Barrel in 2016

Oil price slump will be extended into next year on continued worries over a global crude glut, major investment banks say.

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Technicality Ties Up Uber

Uber is fighting a series of court decisions that question the validity of its arbitration policies.

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Bombardier to Get Boost from Quebec for CSeries

Bombardier recorded more than $4 billion in write-downs in its latest quarter and agreed to give up almost half its stake in the CSeries jet program to the Quebec government in exchange for a $1 billion lifeline.

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Google Tries One Operating System

Alphabet’s Google plans to fold its Chrome operating system for personal computers into its Android mobile-operating system, a sign of the growing dominance of mobile computing.

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CVS, Express Scripts Cut Off Philidor, Pharmacy Used by Valeant

The two largest pharmacy-benefit managers in the U.S. said they’re ceasing work with a pharmacy used by Valeant Pharmaceuticals International, dealing another blow to Valeant.

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Starbucks Gives Downbeat Holiday Forecast

Starbucks issued earnings guidance for the holiday quarter that missed expectations as the coffee giant reported that its earnings rose 11% in the September quarter.

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Pursuit of James Bond Film Rights Kicks Into High Gear

The distribution rights to one of the movie industry’s highest profile franchises—the James Bond movies—are about to be up for grabs, and several studios are planning to pursue those rights.

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Live Nation Revenue Up

Live Nation Entertainment Inc. reported stronger-than-expected revenue for its third quarter, as a 10% increase in concert ticket buyers drove higher advertising and ticketing.

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Target to Offer Free Shipping on All Online Orders

Target Corp. is bringing back free shipping on all online orders for the holiday season, the second straight year Chief Executive Brian Cornell has turned to the strategy to boost digital sales.

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LinkedIn Results Top Expectations

LinkedIn reported a wider third-quarter loss reflecting higher expenses as the professional network retools its business, but results beat analysts' expectations, sending shares higher after hours.

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Hub Group Soars on Upbeat Earnings

Shipping middleman says freight demand has been accelerating, a contrast with reports from other companies.

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CNBC Presidential Debate Draws 13.1 Million Viewers

CNBC’s Republican presidential debate attracted the biggest audience in the network’s history, but fell far short of the viewership of the two previous GOP debates.

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EA Results Lifted by Sports Games

Electronic Arts reported better-than-expected results and raised its outlook as it prepares to release its new “Star Wars” game during the holiday season.

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L'Oréal Reports Rise in Sales

French cosmetics giant L’Oréal SA on Thursday reported a rise in sales, boosted by sales in North America and flattered by a weak euro.

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Wal-Mart Won't Offer Free Shipping Over Holidays

Wal-Mart said it will only offer free shipping over the holidays on online orders of $50 or more.

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GNC Trims Guidance on Weak Profit

GNC cut its outlook as third-quarter profit dipped 29% on weak summer sales.

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Greg Ip Analysis: Is the Fed Drawing Comfort From the Wrong Indicators?

The mere fact that things haven’t gotten materially worse since September does not, by itself, make the case for Fed monetary-policy tightening.

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Chinese Shipper Cosco Planning Regular Trans-Arctic Sailings

Chinese cargo-shipping giant China Ocean Shipping Co. plans to launch the first regular Asia-to-Europe sailings via the Arctic, shaving two weeks off the travel time via the Suez Canal.

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Charter Communications Posts Unexpected Profit

Charter Communications posted an unexpected profit as its third quarter was helped by stronger revenue, especially from its Internet operations, as well as a tax benefit.

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Allergan, Pfizer Confirm Talks

Allergan and Pfizer confirmed that they are in talks about a potential combination, in what would be another blockbuster health-care merger.

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U.S. Pending Home Sales Index Down 2.3%

The number of existing homes that went under contract across the U.S. fell last month, a sign of choppiness in a housing market that otherwise appears to be gaining momentum.

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Oil Companies Face Reality of Sustained Low Prices

Some of the world’s largest oil firms report sharply lower earnings as they give up on ventures that no longer make sense in a world of crude prices around $50 a barrel.

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U.S. Economic Growth Cools in Third Quarter

U.S. economic growth cooled in the third quarter—with the gross domestic product growing only 1.5%—as firms let inventories dwindle and the pace of spending on the part of consumers, businesses and governments all decelerated.

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Nokia to Return $4.4 Billion to Shareholders

Nokia will return $4.4 billion to shareholders as it expects savings from its proposed Alcatel-Lucent acquisition to materialize one year ahead of schedule.

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Aetna Boosts Guidance on Strong Earnings

Aetna raised its full-year forecast for the fourth time this year as it reported better-than-expected earnings in its third quarter.

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Altria Revenue Grows

Altria reported better-than-expected revenue growth in its third quarter, helped by higher pricing and market share gains.

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Some Retailers Step Back From Black Friday Frenzy

Outdoor gear retailer Recreational Equipment decided to close its stores on Black Friday. Other chains like GameStop and Staples will open later on Friday but plan to remain closed on Thanksgiving.

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Shell Swings to Loss on Huge Charges

Royal Dutch Shell swung to a third-quarter loss after taking $7.9 billion of charges as it scrapped big projects amid the slump in oil prices.

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Sony Bullish on PlayStation as It Swings to Profit

Sony swung to a fiscal second-quarter profit from a year-earlier loss on solid sales of its PlayStation 4 videogame console and image sensors.

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Nintendo Jumps Into Mobile Gaming

Nintendo said its first mobile application would be called Miitomo, clearing up a mystery that has gripped the videogame industry since the spring.

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Theranos Authorizes New Shares That Could Raise Valuation

Theranos authorized new shares that would value the laboratory startup at over $10 billion, a filing shows, three days before The Wall Street Journal detailed the company’s struggles with its blood-testing technology.

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Pfizer, Allergan Considering Combining

Drug makers Pfizer Inc. and Allergan PLC are considering combining, in what would be a blockbuster merger capping off a torrid stretch for health care and other takeovers.

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Pharmacy's Sales Tactics Disclosed

A mail-order pharmacy used by Valeant had a simple message for staffers charged with getting health insurers to pay up: Don’t take no for an answer.

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Apple Sales, Profit Surge in China

Apple Inc.’s sales in China surged 84% in the past fiscal year, but profits grew even faster, driven by the iPhone.

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Flipboard Flounders Amid Competition

Flipboard, once hailed as the best iPad app by Apple Inc., now is fighting for survival in a sea of competition that includes Apple itself.

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PayPal Revenue Misses Expectations

PayPal issued better-than-expected earnings but lackluster sales growth in its first report as a stand-alone company in 13 years.

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GoPro Results Miss Expectations; Shares Slide

GoPro posted revenue and profit that fell short of Wall Street expectations, adding to concerns over the wearable-camera company’s business.

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Baxter International Hires Outsider José Almeida as CEO

Baxter International has hired José Almeida as its new CEO, tapping an energetic dealmaker to run the maker of dialysis machines and medical products.

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European Companies Find Some Comfort at Home

After years of relying on emerging markets to fuel profits and sales, some of Europe’s biggest companies say they are finding growth again in their backyard.

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English Soccer's Growing Cross-Pond Appeal Burnishes NBCU TV Deal

Less than three months after Comcast’s NBCUniversal committed to spend about $950 million to air English Premier League soccer games in the U.S., the deal is starting to look like a bargain.

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Tyson Fires Two Meatpacking Workers After Video's Release

Tyson Foods Inc. fired two employees at a Mississippi meatpacking plant after an animal-rights group released video footage showing workers improperly shackling and slaughtering chickens.

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Old-Line Industries Get an Internet Boost

China Circuit columnist Li Yuan writes that e-commerce startups are helping companies in big but fragmented industries, such as steel and chemicals, become more efficient.

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East Coast Port Traffic Slowing

Weak imports are driving down volumes of containers passing through ports from New York to Georgia heading into the peak holiday season

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Toyota Shakes Up a Tradition

Toyota’s auto-parts supplier network, called a keiretsu, is under attack as new software and autonomous driving advances are emerging elsewhere, forcing the auto maker to go outside its traditional partners for technologies.

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Bombardier Seeks Short-Term Loans From Canadian Government

Bombardier approached the Canadian government for short-term financing to help tide over the struggling aircraft maker while it tries to get its much-delayed CSeries aircraft into service.

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Occidental Petroleum to Exit Bakken Shale

Occidental Petroleum swung to a $2.61 billion loss in the third quarter amid heavy write-downs and said it will exit its oil fields in the Bakken Shale in North Dakota.

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Fed Offers Hint at Rate Increase

Federal Reserve officials Wednesday kept short-term interest rates unchanged near zero, but opened the door more explicitly than they have before to raising rates at a final 2015 meeting in December.

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Analysis: How the U.S. Should Fix Puerto Rico

Puerto Rico, like Greece, has a growth problem, not just a debt problem, chief economics commentator Greg Ip writes.

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Mondelez Profit Soars on Venture Deal

Mondelez said its third-quarter earnings soared on a big one-time gain related to a deal that formed a coffee joint venture, and the packaged-food company announced management shifts that aim to sharpen its performance.

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GlaxoSmithKline Reports Higher Sales

GlaxoSmithKline reported climbing sales but lower profits in the third quarter of 2015, as it continued its shift to a higher-volume, lower-margin business following its $20 billion asset swap deal with Novartis.

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Rising Fees Pinch Some Pharmacies

A sharp rise in fees associated with a popular type of drug plan is chipping away at pharmacies’ profits across the U.S.

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Walgreens Boots Swings to Profit

Walgreens Boots Alliance which on Tuesday said it would buy Rite Aid for about $9.4 billion, eked out a small profit in its latest quarter, helped by stronger-than-expected revenue growth.

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Snyder's-Lance to Buy Diamond Foods

Snyder’s-Lance Inc. said it agreed to buy Diamond Foods Inc. in a deal worth about $1.91 billion in a move by Snyder’s to bolster its natural offerings.

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Anthem Posts Higher Profit, Revenue

Health insurer Anthem reported a better-than-expected increase in revenue and earnings, driven in part by strong performance in its government business segments.

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Hilton Profit Soars on High Demand

Hilton Worldwide Holdings said its third-quarter earnings soared 51% on healthy demand, and narrowed its earnings guidance for the year.

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Starwood Hotels to Sell Resorts' Vacation for About $1.5 Billion

Starwood Hotels & Resorts said earnings and revenue slid for its latest quarter. Separately, the chain said it would sell its Resorts’ Vacation Ownership business to Interval Leisure Group for about $1.5 billion.

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VW Posts Loss as Emissions Scandal Bites

Volkswagen said it swung to a deeper-than-expected third-quarter net loss and issued a full-year profit warning, as the cost of repairing tainted diesel-powered cars began to slam earnings.

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SABMiller, AB Inbev Get More Time to Finalize Deal

The U.K. Takeover Panel has given Anheuser-Busch InBev another week to finalize the terms of its $103.95 billion takeover offer for SABMiller.

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Nintendo Scores Profit Rebound

The Kyoto-based videogame maker reported a $75 million operating profit in the fiscal first half, rebounding from a year-earlier loss.

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Tesla Gets Boost From Korean Battery Maker

Tesla Motors confirmed it has a contract with South Korean battery maker LG Chem for upgrades to its Roadster.

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Jeep Primed for Global Push

Fiat Chrysler is pushing its Jeep brand into more countries to lift international sales of the rugged sport-utility vehicles past their U.S. sales volume by 2018.

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Valeant's Future Sales Become a New Focus

Questions have been raised about Valeant’s future revenue growth in light of a controversy around a pharmacy business.

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DuPont Weighing Agriculture Deals, Interim Chief Says

DuPont’s interim CEO Ed Breen said he is considering potential deals in the agriculture industry and scrutinizing the chemical company’s research spending in an effort to boost profits.

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Paying Workers in Stock Can Be a Tough Sell

As the hiring market tightens, companies like Apple and Twitter are using stock awards to turn more workers into owners. But it isn’t always an easy sell.

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For Fed, a Rates Puzzle Looms

Surging levels of cash in U.S. money markets threaten to undermine the Federal Reserve’s control over short-term interest rates.

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House Votes to Reauthorize U.S. Export-Import Bank

The House Tuesday approved the reauthorization of the shuttered U.S. Export-Import Bank, with 118 Republicans joining most Democrats to demonstrate a broad bipartisan coalition to revive the export-finance agency.

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Nissan Board Weighs Increasing Stake in Renault

The board of Nissan Motor Co. is considering whether to increase its stake in Renault as part of a plan to balance voting power within the Franco-Japanese alliance, according to people familiar with the board’s thinking.

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IBM Nearing Acquisition of Weather Co.'s Digital and Data Assets

International Business Machines Corp. is nearing a deal to acquire the digital and data assets of Weather Co., owner of the Weather Channel, according to people familiar with the situation.

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Pentagon Awards Northrop Grumman Long-Range Bomber Deal

The Pentagon awarded Northrop Grumman Corp. a huge contract to build new long-range bombers for the U.S. Air Force after the market close on Tuesday.

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Bank Provisions in Pacific Trade Pact Draw Fire

The sweeping Pacific trade agreement completed this month gives banks a new international legal protection that critics warn could lead to more challenges to Wall Street regulations.

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T-Mobile Swings to Profit

T-Mobile US swung to a profit in the third quarter while also growing its customer base, though the wireless carrier’s results fell short of expectations.

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Apple Earnings Lifted by iPhone Sales in China

Apple said its quarterly profit rose 31%, sparked by strong demand for iPhones in China.

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Chinese Firms Vie to Buy Starwood Hotels

At least three big Chinese companies are competing to win Beijing’s approval to bid for Starwood Hotels, setting the stage for what could be the largest-ever Chinese takeover of a U.S. company.

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FDA Calls Theranos Vial 'Uncleared Medical Device'

FDA declares the tiny vials used by Silicon Valley laboratory company Theranos to collect finger-pricked blood from patients an “uncleared medical device.”

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Gilead Sales Surge on Hepatitis Drugs

Gilead Sciences Inc. said its two hepatitis C drugs, Sovaldi and Harvoni, generated $4.8 billion in sales in the third quarter, topping Wall Street estimates for global sales of $4.47 billion.

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Twitter Shares Slide on Revenue Concerns

Twitter said revenue grew 58%, a sign that its advertising business is still gaining traction—but shares slid after hours as the company also forecast a soft top line for the fourth quarter.

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Express Scripts Reports Soft Revenue

Express Scripts Holding Co. on Tuesday edged up its earnings guidance for the year, though revenue came in below expectations for the third quarter.

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Trucking Shares Hit Reverse

A warning of ‘aggressive pricing activity’ raises new alarms amid signs of weaker freight demand in the less-than-truckload sector.

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Cummins Slashes Jobs, Citing Global Slowdown

Engine manufacturer Cummins said it would slash about 2,000 jobs, or roughly 3.7% of its workforce, as the company faces lower global demand for its products.

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Millions More to Qualify for Student-Loan Modification Program

The Obama administration completed a plan Tuesday to allow millions of Americans to further slash their monthly student-loan bills, the latest step to address a surge in borrower defaults.

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Walgreens Boots Alliance Nears Deal to Buy Rite Aid

Walgreens Boots Alliance is in advanced talks to buy Rite Aid in a deal that would unite the nation’s second- and third-largest drugstore chains.

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Sugar Found to Be Culprit In Child Obesity Study

Researchers offered new evidence linking sugar consumption with conditions that can lead to diabetes and heart disease in children, fueling the debate over the causes of health problems related to obesity.

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U.S. Consumer Confidence Index Falls

U.S. shoppers darkened their outlook in October, suggesting a bumpy road ahead for an economy largely reliant on consumer spending.

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U.S. Home Price Growth Gains Strength in August, Case-Shiller Says

Home price growth was strong in August, according to a report released Tuesday, underscoring that the market has momentum going into the final months of the year. WSJ PRO.

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Alibaba Revenue Jumps 32%, Boosted by Mobile Shopping

Alibaba said revenue jumped a better-than-expected 32% during its September quarter, as mobile revenue surged.

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U.S. Durable Orders Down 1.2% in September

Orders for long-lasting manufactured goods fell in September, the latest sign of a slowdown at U.S. factories.

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White House, Congressional Leaders in Tentative Budget Deal

The White House and congressional leaders reached a tentative deal on a two-year budget plan that also would raise the federal debt limit.

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Comcast's Earnings Get Some Help from 'Minions'

Comcast reduced its video customer losses in the third quarter, as its NBCUniversal media arm surged thanks largely to the success of blockbuster films like “Minions.”

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Ford Posts Strong Earnings

Ford Motor Co. earned $1.9 billion in net income in the third quarter, or 48 cents a share, more than doubling the $835 million reported in the same year ago period as strong results in the core U.S. market offset weaknesses in emerging markets.

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Merck Profit Jumps, Prompting Higher Annual Forecast

Merck boosted its earnings forecast for the year as profit more than doubled, with adjusted results topping expectations, as the pharmaceutical giant was helped by lower costs.

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BP Profit Falls on Weaker Oil Prices

BP said its earnings in the third quarter nearly halved compared with a year earlier, as low oil prices continue to buffet the company’s financial performance.

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Novartis Profit Hurt by U.S. Settlement

Novartis said third-quarter profit fell 42% from the same period last year, as the Swiss drug giant agreed to settle claims that it used rebates to get specialty pharmacies to increase prescriptions.

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BASF Cuts Full-Year Outlook

German chemicals giant BASF cut its outlook for 2015, citing weak global economic growth, low oil prices and a recent asset swap with Russia’s Gazprom.

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Activists Hit Block on German Boards

Activist investors are trying to reshape corporate Germany without a single proxy fight, but German corporate boards are structured in a way that insulates executives from stockholder agitation.

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Startups Accelerate Efforts to Reinvent Trucking Industry

A series of startups are vying to become an “Uber of trucking,” leveraging truck drivers’ smartphones to quickly connect them with nearby companies looking to ship goods.

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A Frustrated Koch Brother Decides It's Time to 'Spout Off'

Charles Koch, who presides over a network of major conservative donors, has been frustrated by the tone of the 2016 campaign and said he will wait until year-end to determine how much he’ll spend on the race.

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Oracle Gears Up to Face Amazon

Software giant Oracle is gearing up to battle Amazon in supplying cloud computing services as it meets with customers and partners at its annual Open World conference in San Francisco this week.

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Fed Strives for a Clear Signal on Interest Rates

As 2016 approaches, pressure is on the central bank and Janet Yellen to better manage expectations for rates and the U.S. economy.

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GM to Boost Its U.S. Workers' Pay

General Motors, which has been delivering some of the richest operating profits in its 107-year history, has decided to do something it hasn’t done in nearly a decade: give its veteran U.S. factory workers a raise.

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Wal-Mart Plans Outdoor Drone Tests

Wal-Mart has asked for the FAA’s permission to use outdoor drones to test everything from package delivery to inventory management.

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Railroads Warn of Disruptions if Safety Deadline Isn't Extended

Railroads are amplifying warnings that the U.S. transportation network would grind to a halt at the start of the new year if Congress makes them stick to a year-end deadline to install a new safety system.

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Oxford Catches Up to Cambridge in Tech

A centuries-old rivalry between two of the world’s best-known universities—Oxford and Cambridge—is spilling into the global tech-startup scene.

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Molson to Benefit in AB InBev Deals

Each time Anheuser-Busch InBev adds to its beer empire, the King of Beers strengthens rivals to its throne. The new threat in the U.S. market: Molson Coors Brewing Co.

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Xerox Stumbles to Loss, Looks Into New Strategies

Xerox said Monday it would launch a comprehensive review of its options, as the company posted its first quarterly loss since 2010 on a hefty charge.

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Hefty Loss Expected at VW

In the wake of Volkswagen’s crisis over cheating on emissions testing, analysts surveyed expect the company to report a loss in the third quarter.

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White House and Boehner Close In on Budget Deal

Talks have intensified between the White House and House Speaker John Boehner in an effort to reach a two-year budget deal that would also increase the debt limit, according to people familiar with the discussions.

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Yahoo's First NFL Streamed Game Draws Average of 15.2 Million

An average audience of 15.2 million watched Yahoo’s live-stream coverage of the Jacksonville Jaguars victory over the Buffalo Bills.

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FedEx Expects Record Volume of Holiday Shipments

FedEx said Monday it expects holiday shipments to increase 12% between Black Friday and Christmas Eve, fueled by growth in e-commerce shopping.

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U.S. New-Home Sales Fall 11.5% in September

Sales of newly built homes fell in September, suggesting a segment of the housing market could be cooling.

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Pep Boys Finds a Buyer in Bridgestone

Pep Boys—Manny, Moe & Jack agreed to be acquired by tire company Bridgestone Corp. for roughly $835 million in cash.

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Red Meats Potentially Cause Cancer, World Health Organization Says

Red and processed meats have the potential to cause cancer in humans, according to a report by a World Health Organization agency that is drawing ire from meat industry groups that argue the science is inadequate.

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Duke Energy to Buy Piedmont Natural Gas for $4.9 Billion

Duke Energy said Monday that it had struck a deal to acquire Piedmont Natural Gas in a deal worth about $4.9 billion, adding roughly 1 million natural-gas customers to its base.

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Valeant to Review Philidor Accounting

Valeant Pharmaceuticals said it has formed a special committee to review the charges over its accounting and relationship with mail-order pharmacy Philidor Rx Services.

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Maersk Oil to Cut Staff by up to 12%

Maersk Oil, part of Danish conglomerate A.P. Møller-Maersk, said it would cut 10% to 12% of its workforce as part of a plan to reduce operating costs by a fifth by the end of next year.

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Sharp Cuts Full-Year Earnings Forecast

Sharp slashed its earnings forecast for the current fiscal year on Monday, citing worse-than-expected performance in its smartphone display-panel business due to intensifying competition, especially from China.

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'New China' Stocks Find Success in Middle Class

Makers of Korean cosmetics, American sportswear and Japanese condoms, as well as local technology and media firms, see revenue grow in weak economy.

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Philips Says Lighting Unit Sale Hits Hurdle in U.S.

Philips warned that the planned sale of its lighting components and automotive lighting operations hit a regulatory hurdle in the U.S., as it returned to a net profit in the third quarter.

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Peugeot Boosted by Strong Sales in Europe

French car maker PSA Peugeot Citroën said revenue grew 3.2% in the third quarter as strong sales in Europe made up for slowing demand in emerging markets.

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WPP Posts Rise in Revenue

WPP, the world’s largest advertising holding company, said that a strong quarter from its North American business helped it post a rise in sales., but warned that many of its clients continue to focus on cutting costs rather than growing revenues.

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Are Some Tech Startups 'Subprime'?

With ever greater frequency and urgency, a chorus of the venture capitalists are sounding the alarm about mega-startups, the privately held tech “unicorns” worth more than a billion dollars, and the terms under which they are financed.

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Sam Zell Edges Out of Apartments

Equity Residential agrees to sell some apartments for $5.4 billion to Starwood Capital, as growing numbers of property investors have begun to question how long good times can last.

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GM's Long-Term Plan

CEO Mary Barra discusses where she thinks the auto industry is headed. Hint: It’s about customer data and connectivity.

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EU to Pursue Google Parent Alphabet on Multiple Fronts, Vestager Says

European Union regulators will actively pursue Google parent Alphabet on multiple fronts ranging from its contracts with advertisers to its Android mobile-operating system, the bloc’s antitrust chief Margrethe Vestager said.

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U.S. Companies Warn of Slowing Economy

Quarterly profits and sales from big American companies are poised to fall for the first time since the recession, as some industrial firms warn of a pullback in spending.

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Wal-Mart Shrinks the Big Box, Vexing Vendors

The retail giant is looking to boost sales with fewer products, adding to tensions with its suppliers.

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Valeant's Ties to Pharmacy Scrutinized

Interviews with former employees, doctors who prescribe Valeant drugs and patients indicate that the ties between Valeant and mail-order pharmacy Philidor are more interconnected than previously disclosed.

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GM Faces Midnight Deadline for New Deal With UAW

GM faces a midnight Sunday deadline to reach a new four-year deal with the United Auto Workers, after months of unveiling investments in its U.S. factories aimed at boosting the morale of hourly workers.

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Cash Crunch Clouds Future for Big Oil Firms

The world’s biggest oil companies are struggling to generate enough cash to cover their spending and dividends, despite efforts to slash billions of dollars from their budgets in the face of tumbling oil prices.

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Lord & Taylor Jumps Into Discount Game

Lord & Taylor, one of the nation’s oldest department stores, plans to start an off-price chain for its namesake brand, the latest entrant into what is already a crowded space.

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Apple Pay---One Reason for High Home Prices

Apple workers live in pricier homes than other residents in the San Francisco Bay Area, and home values are rising much faster in neighborhoods where Apple workers live, according to a Zillow analysis.

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China's Leaders to Approve Economic Blueprint

China’s Communist Party is expected to endorse an economic blueprint for scaling back the role of the state.

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VW Widens Suspensions in Emissions Scandal

Volkswagen has suspended a larger number of employees than previously acknowledged following a recommendation from the law firm conducting an internal probe into the auto maker’s emissions cheating scandal.

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Chinese Property Developer Snaps Up Texas Oil Fields

A little-known Chinese real-estate developer says it is scooping up oil assets in West Texas as part of a $1.3 billion deal that underscores China’s keen interest in the U.S. energy patch.

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Web Buzzes With Candid Videos of Tesla's 'Autopilot'

Tesla Motors bills its new Autopilot system as a safety feature and steppingstone to driverless cars, but Model S owners are filming themselves doing their best to poke holes in that safety claim.

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California's Growers Bear Brunt of Drought Woes

California’s historic drought is forcing farmers in the dominant produce-growing state to fallow hundreds of thousands of acres and spend millions of dollars to access water. Yet U.S. grocery shoppers are barely feeling an impact.

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USAA Switching Credit, Debit Cards to Visa From MasterCard

USAA, one of the nation’s largest issuers of debit cards and credit cards, is switching its portfolio to Visa Inc., representing a blow for longtime partner MasterCard Inc. which processed transactions on its network for roughly 30 years.

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UAW Notifies GM of Plans to Terminate Contract

The United Auto Workers union notified General Motors Co. Saturday it will terminate its contract effective midnight Sunday, opening the possibility of a strike.

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Sony Near Deal to Buy Toshiba Sensor Business

Sony is likely to strengthen its image sensor business by acquiring a competing arm from Toshiba, people familiar with the matter said.

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Greece Overhauls Licensing of Private TV Broadcasting

Greece’s parliament has passed an overhaul of the country’s licensing system for private television, a reform the governing left-wing Syriza party sees as part of its quest to take on Greece’s business oligarchs.

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Alibaba's Mobile, Video Aspirations in Focus

When Alibaba reports its earnings Tuesday, investors will be looking for insight on its ability to earn revenue on mobile and a proposal to buy an unprofitable online video company, as well as clearer signs of how much China’s economic growth slowdown has affected consumer spending.

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Alberta Regulator Lifts Suspension Order on Cnooc Oil-Sands Plant

The chief energy regulator in oil-dependent Alberta province lifted a suspension order impacting a plant operated by the Canadian unit of Chinese state-controlled energy giant Cnooc Ltd., but said late Friday that a related investigation into a pipeline breach is ongoing.

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While Arizona Cardinals Soar, Legal Battle Puts Stadium Investors in Red Zone

The Arizona Cardinals are one of the National Football League’s hottest teams, leading their division with a 4-2 record. Their stadium, however, is on a losing streak with investors.

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Reno Sees Future, and It Isn't Casinos

Reno, Nev., is turning its back on casino tourism as an economic driver in favor of becoming a manufacturing hub for everything from drones to car batteries.

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Walgreens Scrutinizes Theranos Tests

Drugstore chain won’t open new Theranos blood-testing centers while it seeks answers about startup’s technology, official says.

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Valeant's Disclosure: Why Now?

Of investors’ many concerns about Valeant Pharmaceuticals and its relationship with a specialty pharmacy, one has stood out: Why is Valeant talking about this only now? Until this week, Valeant’s disclosures on the subject were slim.

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Energy Companies Face Tough Road Ahead

American energy producers Exxon, Chevron, ConocoPhillips and Anadarko are likely to report earnings results in the coming week that range from anemic profits to steep losses.

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High Stakes for NFL and Yahoo In First Streamed Game

Yahoo on Sunday will offer a free live-stream of the Jaguars-Bills game globally, a first for the NFL. If successful, it could lead to a bigger package of games being distributed online.

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Tech Stalwarts Drive Market Surge

U.S. tech stocks scaled fresh heights, fueled by upbeat earnings that renewed investors’ faith that the giants are solidifying their positions at the center of the Internet economy.

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H-P Winds Down Cloud-Computing Project

Hewlett-Packard is pulling the plug on a five-year effort to develop a cloud-computing service to compete with Amazon’s AWS business.

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In World of Email, ASAP Is Relative

Age, platform, gender and a number of other factors may influence how long it takes someone to reply to your email, columnist Jo Craven McGinty finds.

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Tyson Foods to Boost Pay at U.S. Chicken Plants

Tyson Foods plans to raise hourly wages for about 34,000 employees at its U.S. chicken plants, part of an effort to better attract and retain workers in a tightening labor market.

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United, Mechanics Union Reach Tentative Pact

United Continental and its mechanics union said they reached tentative agreement on a first joint labor contract since the combination of United and Continental.

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Maersk Warns on Profit

Danish conglomerate A.P. Møller-Maersk cut its full-year profit guidance, saying global demand for container shipping has been weaker than expected.

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Philippine Hotels Boom Leaves Glut of Beds

New hotels are sprouting across the Philippines to help fulfill the government’s ambitions to make the archipelago a top Asian holiday destination. Now the challenge is to fill them.

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Thomas Stemberg, Staples' Co-Founder, Dies at 66

Thomas Stemberg, co-founder of Staples office supply stores, died Friday in Chestnut Hill, Mass., after a two-year fight with gastric cancer. He was 66.

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Appliance Makers Find Profit Growth in U.S., Europe

The U.S. and Western Europe are providing new sparks of growth for Whirlpool, Electrolux and other makers of home appliances.

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Tesla Aims to Build Its Electric Cars in China

Luxury electric-car maker Tesla Motors plans to produce its $76,000 and up electric vehicles within two years in China, where the government is vigorously promoting reduced-emissions vehicles.

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German Minister to Discuss VW Scandal in Washington

Germany’s transport minister heads to Washington, D.C., on Monday to discuss the Volkswagen emissions scandal with top U.S. officials amid concerns about its impact on the German economy.

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Markit October Flash Manufacturing PMI Unexpectedly Rebounds

U.S. manufacturing activity in October unexpectedly bounced to a five-month high, signaling possible improvement in a sector under pressure from a strong dollar and weaker global demand.

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China's Central Bank Cuts Rates

China’s central bank late Friday cut both interest rates and the reserve-requirement ratio for banks, in a bid to revive slowing economic growth.

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GM Cuts Shift at Small-Car Plant Amid Struggling Sales

GM will eliminate the second shift at its Orion small-car plant, resulting in roughly 500 layoffs, amid broad weakness in the passenger-car market as buyers flock to trucks and SUVs.

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American Airlines Profit Climbs

American Airlines, keeping with the trend of soaring earnings across the airline industry, posted an 80% jump in profit in its latest quarter, propelled by lower fuel prices.

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Procter & Gamble Sales Dip

Procter & Gamble reported another decline in sales as the maker of Tide and Pampers struggles to reaccelerate growth.

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UAW to Turn Its Attention to GM Contract Talks

The United Auto Workers union, fresh from securing a new labor pact with Fiat Chrysler Automobiles NV, said it would turn its attention next to negotiations at General Motors Co.

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In China's Smartphone Battle, Huawei Catches Up to Xiaomi

Startup Xiaomi lost the top spot in the world’s No. 1 smartphone market, China, to technology stalwart Huawei in the third quarter and posted its first year-over-year decline in phone shipments, a new survey says.

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TVA Cleared for First New U.S. Nuclear Plant in Nearly 20 Years

For the first time in almost 20 years, federal regulators have given a new nuclear power plant a license to begin generating electricity.

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Indian Startups Vie to Win E-Commerce Battle

A flurry of venture-backed startups are fighting to dominate India’s burgeoning e-commerce market, but are struggling to turn a profit in a country fraught with logistical obstacles.

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Facebook Takes Aim At Search Again

The company said it has indexed more than two trillion posts from the social network, the first of several updates to its search feature, in a move touted as a way for users to track discussion of news events in real time.

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Oregon Sues GNC

Oregon’s Attorney General is suing GNC Holdings Inc. for allegedly selling dietary supplements containing illegal ingredients.

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Google Parent Alphabet Posts Earnings Gains

Google’s parent company, Alphabet, reported gains in revenue and profit as the company grappled with the shift to mobile computing, grew its YouTube video business and tried to keep a lid on expenses.

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Net at Microsoft Climbs

Microsoft said its earnings improved from a year earlier, with adjusted profit topping Wall Street’s estimates, despite a decline in revenue.

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Amazon Notches a Surprise Profit

Amazon reported a surprise profit for its third quarter, thanks in part to its fast-growing cloud-computing division, while sales surged more than expected.

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Pandora Pays to Play Oldies

After more than a year of legal wrangling, Pandora agreed to a $90 million settlement with record labels for its use of recordings made before 1972. The company also reported quarter results.

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FDA Warns on AbbVie's Hepatitis C Treatments

The U.S. Food and Drug Administration warned Thursday that AbbVie Inc.’s hepatitis C treatments Viekira Pak and Technivie could cause serious liver harm among patients with underlying liver disease.

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AT&T Lifts Earnings Outlook

AT&T Inc. on Thursday lifted its earnings guidance for the year as profit topped expectations for the third quarter.

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Raf Simons to Leave Christian Dior Couture

Raf Simons is leaving his post as creative director at Christian Dior, a surprise exit after three-and-a-half-years at the helm of the French couture house.

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United Profit Rises Amid Changes

United Continental Holdings Inc.’s new acting chief executive pledged to press ahead with efforts to improve labor relations and operations, as the big airline reported stronger profits in its latest quarter.

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Malone's Liberty Global in Talks to Buy Cable & Wireless

Cable tycoon John Malone’s Liberty Global is in talks to acquire Cable & Wireless Communications, according to people familiar with the matter, in a deal that could be worth more than $5 billion.

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UAW Workers Ratify Deal with Fiat Chrysler

The UAW union said Thursday that factory workers at Fiat Chrysler ratified a new labor pact by a 77% majority, clearing the way for the union to turn its attention to Detroit’s other two auto makers.

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U.S. Existing Home Sales Surge 4.7%

Sales of existing homes rose 4.7% in September to its second-highest pace in eight years, as continued low interest rates and pent-up demand supported the housing recovery.

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Perrigo Makes Moves to Fend off Mylan, Including Buybacks, Job Cuts

Perrigo said Thursday that it would cut about 6% of its workforce, sell its vitamins business and repurchase up to $2 billion in shares as the generic drug company continues to fend off a takeover by Mylan.

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ECB's Draghi Sets December for Stimulus Review

European Central Bank President Mario Draghi sent a stronger signal that the bank is prepared to expand its bond-buying program, and may even cut its already negative deposit rate, saying policy makers will make a judgment on whether they are providing enough stimulus when they next meet in December.

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McDonald's Beats Forecasts; Shares Climb

McDonald’s reported third-quarter revenue and profit that easily topped Wall Street expectations, as the burger chain logged its first quarterly increase in U.S. same-restaurant sales in two years.

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U.S. Jobless Claims Up By 3,000 Last Week

The number of Americans filing for first-time unemployment benefits rose slightly last week, but the figure remains at a historically low level.

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Caterpillar Slashes Outlook

Caterpillar Inc. on Thursday slashed its profit outlook for the year, as the company’s profit tumbled 64% in the third quarter amid weak demand for its heavy equipment.

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3M to Cut 1,500 Jobs, Lowers 2015 Forecast

3M cut its earnings forecast for the year and announced plans to eliminate about 1,500 jobs, or 1.7% of the company’s total, amid sluggish sales of electronic, energy-related and industrial products.

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Publicis Cuts Year Revenue Outlook

Publicis Groupe cut its full-year sales outlook as the French advertising company said an unusually large number of clients pulled back a bit.

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Pernod Ricard Sales Rise on U.S. Demand

Pernod Ricard, the world’s second-largest liquor group, said fiscal first-quarter revenues rose 9% helped by strong sales in the U.S. and flattered by a weak euro.

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Daimler Turns in Robust Profit on Mercedes Sales

Daimler made net profit of $2.70 billion in the third quarter on a 13% jump in revenue helped by robust sales of its luxury Mercedes-Benz cars.

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Roche Raises Full-Year Outlook

Roche raised its annual outlook as strong sales of its cancer and immunology treatments helped the Swiss pharmaceuticals giant overcome the highly valued Swiss franc.

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Venezuelan Oil Giant Probed

U.S. authorities have launched a series of wide-ranging investigations into whether Venezuela’s leaders used Petróleos de Venezuela, or PdVSA, to loot billions of dollars from the country through kickbacks and other schemes.

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Kimberly-Clark Hit by Currency Impacts

Kimberly-Clark’s revenue slid less than Wall Street expected in the third quarter, while profit came in above forecasts despite continued currency volatility.

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U.S. Prosecutor Subpoenas DraftKings

DraftKings has received a subpoena from U.S. Attorney Preet Bharara’s office asking for information about an employee’s activities and potential misuse of inside data, according to people briefed on the matter.

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Under Armour Is Stepping on Nike's Turf---Literally

Nike and Under Armour have long fought for shelf space at retailers. Lately, though, they have been quibbling over another coveted spot: a weed-strewn running track in Nike’s backyard.

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U.S. Weighs Speedier Takata Air-Bag Recalls

Federal regulators are considering ordering car makers and suppliers to speed up ongoing replacements of defective air bags in what would be an unprecedented move by the auto-safety agency.

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Ferrari Purrs in Market Debut

Ferrari sparkled on its first day of trading Wednesday, as the luxury sports car maker celebrated the first step toward becoming an independent company.

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KFC, Pizza Hut Seek to Stage China Comeback

KFC and Pizza Hut are attempting to do something that few have accomplished in China: stage a comeback.

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Lew to Congress: Raise Debt Ceiling

Treasury Secretary Jacob Lew expressed concern that “last-minute brinkmanship” in Congress would lead to a legislative “accident” in which lawmakers fail to raise the debt ceiling before a Nov. 3 deadline.

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What to Watch for in the ECB's Policy Announcement

Is it time for the European Central Bank to beef up its stimulus programs? That is the key question heading into Thursday’s policy meeting.

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Coca-Cola Warns Battle With Strong Dollar Will Continue

Coca-Cola warned that foreign-exchange headwinds likely will worsen next year and could spill into 2017 and beyond as the soda giant’s profit and revenue fell in the third quarter.

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UAW Gives Early Favorable Response to Fiat Chrysler Contract

The United Auto Workers’ bid to win approval for a revised contract offer from Fiat Chrysler Automobiles NV got off to a favorable start, with members from several factories saying they voted in favor of the deal.

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Valeant Rebuts Critical Report That Pummels Stock

Valeant defended its relationship with a specialty pharmacy that distributes some of its drugs, following a critical report by a short-selling research firm that wiped as much as $20 billion from its market value on Wednesday.

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AT&T Says Revenue Will Likely Miss

AT&T warned Wednesday that its third-quarter revenue will likely fall below Wall Street’s expectations, a surprise disclosure the day before the telecom is slated to report its latest results.

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EBay Lifts Forecast; Profit Falls Less Than Expected

EBay boosted its earnings forecast for the year and said profit fell less than analysts expected in its latest quarter, delivering a message that going it alone might not be as tough as Wall Street thought.

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Theranos CEO: Company Is in a 'Pause Period'

Theranos CEO Elizabeth Holmes said her laboratory company is in a “pause period,” as it seeks to get its proprietary technology approved by the FDA.

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Cenovus Energy CEO Dismisses Speculation of Takeover Bid

Cenovus Energy’s CEO dismissed speculation his company might be a takeover target, or involved in near-term acquisitions itself, a move designed to dampen speculation the oil-sands producer’s depressed stock price could lure outside suitors.

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CIT CEO John Thain to Retire

CIT said John Thain, the crisis-era leader of Merrill Lynch, will retire as chief executive of the lender on March 31 as it continues its push to transition to a U.S. commercial bank.

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Biogen to Cut Workforce

Biogen said it would cut 11% of its workforce as the biopharmaceutical firm retrenches and reinvests in its most promising research and development programs.

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TPP Is Surprising Vote of Confidence in Globalization

The Trans-Pacific Partnership has stirred the most opposition in the one country that gives up the least sovereignty: the U.S.

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Why You May Soon See More Products Labeled 'Made in Vietnam'

Vietnam’s production and exports of factory goods such as clothing and footwear are likely to grow, if the U.S. and 11 other Pacific Rim nations ratify a trade deal that eliminates some tariffs between members.

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Western Digital to Buy SanDisk for $19 Billion

Western Digital agreed to buy SanDisk for about $19 billion in cash and stock, a deal that positions the disk-drive maker for growth in the storage industry.

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GM Posts Flat Earnings

GM reported $1.36 billion in net income, flat with the same period a year ago as strength in the core automotive business was offset by charges related to product recalls.

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Boeing Raises 2015 Outlook as Profit Climbs 25%

Boeing Co. raised its 2015 guidance as the world’s largest aerospace company reported that its third-quarter earnings rose 25% on continued growth in deliveries of commercial jetliners.

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Toyota to Recall 6.5 Million Vehicles Globally

Toyota Motor is recalling 6.5 million vehicles world-wide over power-window switches at risk of fire, the auto maker said Wednesday, the latest in a series of similar recalls involving around 14 million cars.

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EU Orders Starbucks, Fiat to Pay Back Millions in Unpaid Taxes

The European Union has ordered Starbucks Corp. and Fiat Chrysler Automobiles to pay back tens of millions of euros in taxes that they didn’t pay as a result of illegal deals, in an unprecedented decision by regulators that risks blowing open thousands of corporate tax structures across Europe.

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ARM Lifted by Chip Sales for Phones and TVs

ARM Holdings reported a rise in third-quarter revenue and profit, boosted by demand for a new chip used in smartphones and digital TVs.

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Pearson Shares Dive on Profit Warning

Shares in Pearson dropped more than 16% after the education company warned of tough market conditions and cut its full-year earnings guidance.

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Israeli Tech Startups Tap Former Military Officers

Having a big-name former Israeli general or spymaster on the team can help bring a young company gravitas in the eyes of prospective clients, executives say.

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Sony Cuts PlayStation 4 Price in Europe

Sony has reduced the price of its PlayStation 4 videogame system in parts of Europe, as it moves to keep sales of the popular console ahead of rivals.

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Syngenta CEO Mike Mack to Step Down

Syngenta Chief Executive Mike Mack is slated to leave the pesticide and seed maker at the end of October, just months after fending off a big takeover attempt by Monsanto.

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U.S. Prosecutor Probing Daily Fantasy-Sports Business

U.S. Attorney Preet Bharara’s office is investigating whether the business model behind daily fantasy-sports firms like DraftKings and FanDuel violates federal law.

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Tata Steel to Cut 1,200 Jobs in U.K.

Tata Steel on Tuesday blamed imports for its decision to cut 1,200 jobs in the U.K., echoing a sentiment that has become the cry of steelmakers around the world.

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Lockheed Martin Moves Closer to Big Saudi Ship Deal

Lockheed Martin said it could seal a $11.25 billion deal to sell naval ships to Saudi Arabia as early as next year, countering the likely impact on domestic orders if the Pentagon is pressed into a prolonged stopgap budget.

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China Ad Firm Sorry for Code to Snoop on Apple User Data

A Chinese mobile-advertising company apologizes for disseminating code that allowed Apple iOS apps to access user data.

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FedEx Says No EU Objections to TNT Purchase

FedEx said it had been informed that it won't be challenged by European regulators in its acquisition of Dutch parcel firm TNT Express, clearing one of the biggest hurdles in the nearly $5 billion deal.

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Venture Capitalist Sees Signs of Caution in Private Tech Arena

Benchmark’s Bill Gurley, one of the first people to sound the alarm on excessive risk-taking in private tech investing, sees evidence the rest of the world is waking up.

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Ferrari IPO Prices at Top of Range

Ferrari priced the shares in its IPO at the top end of a previously announced range, valuing the luxury car maker at $9.8 billion, according to a person familiar with the matter.

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The Case for Humble Executives

Companies increasingly prize humble leaders because they listen well, admit mistakes and share the limelight, recruiters and coaches say.

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Web Shopping Deluge Boxes In Landlords

Camden Property Trust stopped accepting parcels at all of its properties nationwide after being buried under a mountain of packages.

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Economist's Take on Inequality Has Appeal on Both Sides of the Aisle

Proposals by Harvard’s Raj Chetty for increasing upward mobility have drawn interest from both Democrats and Republicans running in the 2016 presidential campaign.

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Google Discloses More Search Data to Woo Retailers

Google’s Sridhar Ramaswamy reveals a new service that offers retailers an unusual peek at what products are selling in particular areas.

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Yahoo's Revenue Rises, Profits Fall

Yahoo reported a disappointing 6.8% increase in revenue for the September quarter and announced a search-advertising agreement with Google.

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FedEx, Express Pilots Agree on New Contract

FedEx Corp. reached a six-year contract agreement with the union representing its Express pilots that provides them higher hourly pay rates, according to the union, following years of talks between the two parties.

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Chipotle Profit Misses as Sales Growth Slows

Chipotle sales growth continued to slow in the third quarter, as the company also reported weaker-than-expected profit.

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Consumer Reports Pulls Tesla Model S Recommendation

Consumer Reports has yanked its recommendation of the Tesla Model S after owners of the plug-in electric luxury car reported reliability problems, a development that dings the Silicon Valley auto maker’s reputation for quality.

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United's Acting CEO Has Tough Task Ahead

Brett Hart, United’s newest leader, is a high-achieving lawyer who has impressed top executives at two major companies but lacks operational experience that may be important for steering the company to better performance.

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Senators Call for Hearing on AB InBev Deal for SABMiller

The top two lawmakers on the Senate Judiciary Subcommittee on Antitrust plan to hold a hearing to examine Anheuser-Busch InBev’s planned $104.2 billion takeover of SABMiller.

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Jury in Dewey Law-Firm Case Felt Inundated by Details

Prosecutors spent four months trying to prove why three former executives of Dewey & LeBoeuf were guilty of more than 150 counts in a financial fraud scheme. In the jury room, it proved to be too much to handle.

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El Faro Owner Had Been Told to Service Boilers

The owner of El Faro was told by a third party to service the cargo ship’s engine boilers about three weeks before the vessel sank off the Bahamas with 33 crew on board, the National Transportation Safety Board said Tuesday.

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Insurers ACE, Chubb Log Higher Operating Profits

Global insurer ACE, poised to become one of the world’s biggest insurance companies with its pending acquisition of Chubb, said its third-quarter operating income inched up 0.8%, while Chubb’s operating income rose 4.8%.

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Facebook Focuses on Emerging Markets for New Products

Facebook product chief Chris Cox said the company’s road map is shaped by how Facebook is used in countries where the service is popular but connections are often poor.

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United Technologies Unveils $12 Billion Buyback

United Technologies said Tuesday it will increase its stock buyback plan by $12 billion, sending the conglomerate’s shares higher even as it copes with declining sales and profits.

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Harley-Davidson to Ramp Up Marketing as Sales Skid

Harley-Davidson hopes increased marketing and more new products will help pull it out of a persistent sales skid that hurt profit in the third quarter and sent the share price into a tailspin.

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Outsourced-Doctor Provider Seeks Tie-up With Rival

AmSurg, a provider of outsourced physician services to hospitals, is seeking to combine with Team Health in an effort to gain scale amid a wave of consolidation in the health-care industry.

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U.S. Housing Starts Up on Multifamily Construction

U.S. home-building rebounded in September, driven by a boost in multifamily construction.

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Verizon Profit Tops Expectations

Verizon Communications Inc. posted a better-than-expected 9.3% jump in profit for its third quarter, as the company’s 4G smartphone additions improved and growth rebounded in its FiOS business.

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Omnicom Results Top Expectations

Omnicom Group posted better-than-expected profit and revenue for its third quarter, as the company logged strong growth in its advertising business and in key markets.

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Yum to Spin Off China Business

Yum Brands, once one of the biggest success stories among foreign companies in China, plans to spin off its China business after years of unsuccessful efforts to get it back on track.

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Drug Firms Buy Pricey Vouchers to Speed Products to Market

There is a new price surge in the pharmaceutical industry—for a limited number of government-issued vouchers that drug makers including AbbVie and Sanofi are buying to speed products to market.

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Comcast Seeks to Harness Trove of TV Data

Comcast is seeking to harness viewing data from the set-top boxes and streaming apps used by its millions of cable-TV subscribers to create products it can license to other companies.

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Apple CEO Tim Cook: Apple Music Has 15 Million Users

Apple CEO Tim Cook says Apple Music, the company’s streaming-music service, has 15 million users, including 6.5 million paying subscribers.

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SAP Profit Lifted by Cloud Subscriptions

German business software provider SAP posted a 2% rise in net profit for the third quarter, helped by new subscriptions for its Internet cloud-based products.

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Amazon to Hire 100,000 U.S. Workers for Holidays

Seasonal employees to increase 25% from previous year as most retailers’ hiring expected to remain flat.

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Spotify Pulls Independent Music Company's Releases

Spotify removed thousands of songs by bands signed to independent record label Victory Records amid a standoff over publishing royalties.

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NSA, Apple Chiefs Decode Encryption Views

The heads of the National Security Agency and the world’s most valuable company appeared to try to make nice over their contrasting views on encryption.

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Tech Startups Feel an IPO Chill

Sky-high valuations are starting to backfire on some Silicon Valley companies that are trying to raise more money or go public.

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United Names Brett J. Hart Acting CEO

United Continental Holdings said Chief Executive Oscar Munoz is on medical leave indefinitely following a heart attack last week, and it named the company’s general counsel as acting CEO.

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Utilities Raise Fees as Power Use Falls

Electric utilities across the country are raising fees—sometimes by double-digit percentages—as conservation erodes their ability to cover fixed costs for items like maintenance and repairs.

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Chipotle Reaches Awkward Age

Chipotle, long the restaurant industry’s biggest renegade, is settling into middle age, facing slower sales growth and attacks by critics.

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European Oil Companies Jockey for Position in Iran

At the first major oil-and-gas conference in Iran since world powers agreed to lift sanctions, European oil companies are competing fiercely for oil and gas fields while American energy firms watch from the sidelines.

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United Names Brett J. Hart Acting CEO

United Continental Holdings said Chief Executive Oscar Munoz is on medical leave indefinitely following a heart attack last week, and it named the company’s general counsel as acting CEO.

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Utilities Raise Fees as Power Use Falls

Electric utilities across the country are raising fees—sometimes by double-digit percentages—as conservation erodes their ability to cover fixed costs for items like maintenance and repairs.

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Judge Declares a Mistrial in Case Against Three Ex-Dewey Leaders

A New York judge declared a mistrial in a financial fraud case against three former Dewey & LeBoeuf LLP executives, bringing an end to a trial that has transfixed the legal community since the end of May.

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Obama Administration Softens Criticism of China's Currency Policy

The Obama administration softened its criticism of Beijing’s currency management, citing a shift in global economic winds as well as China’s moves to allow market forces a greater role in setting the value of the yuan.

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IBM's Revenue Falls Again

IBM’s third-quarter revenue fell 14%, hurt by declines in hardware sales and the stronger dollar, marking the company’s 14th straight quarter of year-to-year revenue declines.

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Middleby Cooks Up a New Recipe

Commercial food service and restaurant supplier Middleby bought three of the world’s most prominent household cooking brands: Viking Range, AGA and La Cornue. Now, it is feeling the kitchen heat.

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Takata Launching Recall Ad Campaign, Boosting Production of Air Bag Fix Kits

Takata Corp. said Monday it will launch an advertising campaign to reach more owners of vehicles carrying its recalled air bags.

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New Study on Hospitals Acquiring Doctor Practices Seen Fueling Debate

As hospitals have acquired more doctor practices, prices for outpatient medical services have gone up, according to a new study.

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Debt, Growth Concerns Rain on Deficit Parade

The U.S. budget deficit is lower than before the 2008 financial crisis. But the good news is tempered by concerns on two fronts, one about the nation’s debt load and the other about the economy.

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U.S. Home Builder Optimism Hits 10-Year High

A gauge of home-builder sentiment rose to a 10-year high in October, a sign of momentum for a key sector of the economy, the National Association of Home Builders says.

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United Still Working on Next Step After CEO Illness

United Continental said it would release more details about the company’s governance process later Monday or Tuesday, in light of the hospitalization of Chief Executive Oscar Munoz.

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Oprah Winfrey Takes Weight Watchers Stake

Weight Watchers said media mogul Oprah Winfrey is taking a 10% stake in the weight-loss company and joining its board, news that sent the share surging.

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Canadian Oil Sands Rejects Suncor Offer

Canadian Oil Sands recommends shareholders reject a hostile takeover offer from Suncor Energy, calling the bid opportunistic and saying it undervalues the company.

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Halliburton Posts Loss on North America Weakness

Halliburton swung to a loss on asset-write-downs and acquisition-related expenses, as its business in North America continued to be hit hard by slumping demand.

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Sherwin-Williams Names New CEO

Sherwin-Williams said Monday that it has named John Morikis as its new chief executive, effective on New Year’s day.

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Valeant Raises Full-Year Guidance

Valeant Pharmaceuticals International further lifted its full-year outlook after the drug company beat earnings expectations in the latest quarter.

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Alibaba Lobbies U.S. to Be Kept Off Piracy Blacklist

Faced with complaints about the sale of counterfeits on its websites, Alibaba is lobbying the U.S. to keep its online bazaars off its list of markets for pirated goods.

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Danone Sales Boosted by Europe

Danone said third-quarter sales were lifted by a strong performance in Europe and on growth in its water and baby food units, as the French dairy company makes progress after facing a series of problems in recent years.

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Report Warns of Chinese Hacking

A U.S. cybersecurity company says it has evidence hackers linked to the Chinese government may have tried to violate a recent agreement not to hack private firms in each other’s country for economic gain.

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Meet Venture Capital's Teenage Analyst

Tiffany Zhong has a job at venture-capital firm Binary Capital that is usually reserved for a startup founder or an M.B.A. She is 18 years old and seems no less ready to step into her role than people a decade older.

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China Economic Growth Falls Below 7%

China’s once world-beating economy sputtered further in the third quarter, decelerating to its slowest pace since the global financial crisis and adding to concerns about the global economic outlook.

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Few Glitches in American Switchover

American Airlines Group’s transfer of its US Airways unit to its passenger-reservations system appeared to go smoothly overall in its first two days despite some temporary glitches.

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Drones Face New Regulatory Push

U.S. regulators plan to require recreational drone owners to register their devices, an ambitious bid to rein in reckless users that faces a tight timeline and a thicket of legal and practical questions.

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Wal-Mart Bribery Probe Finds Few Signs of Misconduct in Mexico

A high-profile U.S. probe of bribery allegations against Wal-Mart’s Mexican operations has found little in the way of major offenses, and could be resolved with a fine and no criminal charges against Wal-Mart executives.

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Wave of Megadeals Tests Antitrust Limits in U.S.

In nearly a third of industries, most U.S. companies compete in markets that would be considered highly concentrated under current federal antitrust standards.

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Time Inc. Buys Hello Giggles

Seeking to broaden its appeal to younger women, Time Inc. has snapped up Hello Giggles Inc., operator of the pop-culture, beauty and lifestyle website HelloGiggles.com.

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Why You May Soon See More Products Labeled 'Made in Vietnam'

Vietnam’s production and exports of factory goods such as clothing and footwear are likely to grow if the U.S. and 11 other Pacific Rim nations ratify a trade deal struck this month that eliminates some tariffs between members.

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UAW on Social-Media Blitz for Labor-Deal Support

Leaders at the United Auto Workers union have launched a social-media blitz to help sell a new tentative labor deal ahead of a critical vote this week.

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Netflix Is Making Movies Shunned by Studios

As Netfllix moves into feature films with the release of “Beasts of No Nation” on its streaming service and simultaneously in a small number of theaters, it is creating the type of movies that studios no longer make.

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Chip Makers Swept by Wave of Consolidation

Slowing growth and rising costs are driving a historic wave of consolidation among semiconductor makers. So far this year, chip companies have announced $100.6 billion in mergers and acquisitions, according Dealogic, exceeding the $37.7 billion total for all of 2014.

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Ferrari Revs Up for IPO

Ferrari’s long-awaited initial public offering is finally at the starting line, with the stock likely to be priced Tuesday and the first day of trading on the New York Stock Exchange expected Wednesday.

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Deutsche Bank Shakes Up Management Amid Restructuring

Deutsche Bank AG announced sweeping changes to its senior management ranks and a broad restructuring of key units Sunday as new co-CEO John Cryan put his stamp on the giant German lender.

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Private Air-Traffic System Draws U.S. Interest

Canada’s air-traffic control corporation, Nav Canada, is becoming a frequent-flier destination for U.S. officials looking for a model to privatize U.S. airspace management.

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Police Raid Volkswagen's French Headquarters

Police raided Volkswagen’s main office in France in connection with the probe into the company’s rigging of emissions tests.

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EDF Could Announce Hinkley Point Decision Soon

EDF may announce in the coming days an agreement with its Chinese partners to build two nuclear reactors in the U.K., the first in the country in over a generation, the French utility’s chief executive said.

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Switzerland Offers Counterpoint on Deflation's Ills

The common wisdom is to avoid deflation at all costs, but the Alpine country shows that falling consumer prices can go hand in hand with steady growth and low unemployment.

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U.S. Postal Service Seeks to Raise Commercial Shipping Prices

The U.S. Postal Service said it would seek to increase its commercial-package shipping prices by an average of 9.5% and by the double digits for its bread-and-butter business of shipping packages weighing less than a pound.

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Maine Lobster Boom Feeds Expanding Market

As Maine’s 2015 lobster season heads for the homestretch, the iconic New England fishery continues to show surprising signs of strength while it feeds a growing market.

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AT&T, Verizon Paths Diverge

Investors will get fresh insight into old telecom’s video strategies for growth when Verizon and AT&T report quarterly results this week.

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Winterkorn Resigning as CEO of Porsche

Porsche Automobil Holding SE said Saturday that Chief Executive Martin Winterkorn is stepping down, effective Oct. 31.

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Diebold in Talks to Buy German Rival for $1.7 Billion

U.S. automated teller machine maker Diebold is in talks to buy Wincor Nixdorf in a deal that would value the German company at more than €1.5 billion ($1.7 billion), Wincor said.

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Why Americans Don't Trust the Fed

Since the Revolution, the U.S. has been wary of both big government and big banks.

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The Deals That Made Daily Fantasy Take Off

Justice Department and FBI probes of FanDuel and DraftKings pose the question: Where did they come from, and how did they get so big so fast?

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Valeant Bears Get Some Satisfaction

Valeant was among the best-performing stocks of the decade. But as the shares stage a sharp turnaround, critics of the company’s business model are enjoying some vindication.

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Steve Ballmer Is Now One of Twitter's Biggest Shareholders

Microsoft Corp.’s former chief executive, Steve Ballmer, said on Friday that he owns 4% of Twitter Inc., a surprise revelation that makes him one of the social media company’s top investors.

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DOT to Require Drone Registration

The U.S. Transportation Department plans to start requiring drone owners to register their devices with the government later this year in a bid to crack down on unsafe flights, a person familiar with the plans said.

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Apple Ordered to Pay $234 Million in Patent Lawsuit

A federal jury ordered Apple Inc. to pay the University of Wisconsin $234 million for illegally using some of the university’s technology in processors that power some iPhones and iPads.

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U.S. Cancels Sale of Two Arctic Oil and Gas Leases

Citing low oil prices and lack of company interest, the U.S. Interior Department on Friday said it is canceling the sale of a pair of offshore oil and natural gas leases.

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Fantasy Sports Trade Association Gets Subpoena From U.S. Prosecutor

The main trade association for the fantasy-sports industry has received a grand jury subpoena in an ongoing federal investigation into the legality and practices of the fast-growing fantasy sports business.

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New United CEO Is Hospitalized After Suffering Heart Attack

Oscar Munoz, the new chief of United Continental, has suffered a heart attack and is being treated at a Chicago hospital, a person familiar with the matter said.

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Luxury Alcohol Sales Grow in China

Sales of expensive alcohol took a hit in China in 2012, when President Xi Jinping took aim at boozy banquets. Now, cognac and wine sales are growing, indicating that luxury consumption may be on the way back.

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Consumer Confidence Climbs in October

Consumer confidence improved in October, suggesting Americans are brushing off financial market volatility and economic troubles abroad.

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U.S. Industrial Production Falls 0.2%

U.S. industries scaled back production in September as a weak global economy continued to suppress demand for American-made goods.

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Alibaba Offers to Buy Video-Streaming Service Youku Tudou

Alibaba said it offered to acquire all the shares of Chinese video-streaming service Youku Tudou it doesn’t already own, in a major bet on offering services outside its core e-commerce platforms.

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VW Sales Hold Up in Immediate Aftermath of Emissions Scandal

European new car sales data for September showed Volkswagen weathered the initial storm in the two weeks following the emissions scandal that forced it to lower earnings estimates, take a $7.4 billion charge and change its CEO.

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Carrefour Sales Boosted by Europe

French retailer Carrefour reported a rise in sales for the third quarter, boosted by a strong performance in its key European markets, including France and Spain

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GE Profit Tops Expectations

General Electric reported better-than-expected profit in its third quarter, as earnings improved in its core industrials businesses.

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Uber Scores U.K. Legal Victory

Uber Technologies Inc. scored a victory in the U.K. as the London High Court ruled that the ride-sharing company wasn’t breaking the law through its app, which calculates a fare based on the time and distance of the ride.

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IBM Lets Chinese Officials Review Source Code

IBM has agreed to let China’s technology ministry review some product source code in a secure room, making it the first major U.S. tech company to comply with requests from Beijing that the industry has opposed.

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Ford Recalling 220,000 Vehicles in China

Car maker cites risk of fuel leakage in vehicles built by joint venture with Chinese firm.

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Nestlé Cuts Outlook as Sales Slip

Nestlé reported a 2% fall in sales and lowered its guidance for organic sales growth, as the Swiss food giant navigated problems that included a food scare in India and a highly valued Swiss franc.

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Rio Pares Output of Less-Sparkling Niche Commodities

Rio Tinto’s shipments of iron ore have surged, although the mining giant is dialing back production of some niche commodities such as diamonds and salt amid broad-based weakness in commodity markets.

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