How Hotel Companies Launch a New Brand

A bumper crop of boutiques flood the market; Tub or shower only? What goes in the minibar?

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Court Rules for NY Auto Dealer in General Motors Sales Target Lawsuit

A federal appeals court ruled in favor of a New York Chevrolet dealer who fought General Motors’ attempt to terminate his franchise over subpar sales, a ruling that could alter how auto makers hold dealerships accountable for sales performance.

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Drug Pricing Report Shows Limits of Transparency Push

Vermont identified 10 prescription drugs with large increases, but the first report merely summarizes manufacturers’ explanations for the price hikes

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SoftBank Hopes Trump Connection Reopens Doors for Sprint

Sprint Chairman Masayoshi Son’s ties to Donald Trump could bring rewards for wireless provider and its parent as they pursue bigger U.S. ambitions.

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Old-Line Companies Show Appetite for Tech Deals

Old-line companies such as Wal-Mart, Ford and Unilever increasingly are hunting for tech deals. Nontech companies spent nearly $10 billion buying venture-backed U.S. startups this year, nearly double the amount last year.

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Regulators Raise Concerns Over Bass Pro Shops, Cabela's Merger

Federal regulators raised questions over Bass Pro Shops’ $4.5 billion deal to buy fellow outdoor-sports gear retailer Cabela’s Inc., sending shares of Cabela’s lower.

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Foxconn Deepens Investment in China

Foxconn plans to build an $8.8 billion television flat-panel factory in Guangzhou, China, depicting the region as an ‘investment treasure land’ amid calls to move tech manufacturing to the U.S.

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Nestlé Turns to New CEO to Boost Health Push

After decades of trying to push into healthier foods, Nestlé is elevating a new chief executive—plucked straight from the health-care industry—to kick its effort into higher gear.

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Twitter Seeks a Little Help From Its Users

Twitter, in the midst of an identity crisis, turned outward to its millions of users for ideas Thursday, with CEO Jack Dorsey tweeting with them for six hours about what they hope to see from the social-media service.

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Qualcomm Settles Patent Dispute With China's Meizu

Qualcomm said it has reached a world-wide patent-licensing agreement with Chinese smartphone maker Meizu Technology, consolidating its hold on the Chinese phone market.

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Minimum Wages Set to Increase in Many States in 2017

About 4.4 million workers across the country are slated to receive a raise at the start of the year, a shift that may shed light on a long-running debate about the effects of mandated pay increases at the bottom of the wage scale.

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China's Film Fever Cools

China’s highflying box office got a reality check in 2016, as cutbacks in discounted tickets and a crackdown on “ghost screenings” led to a sharp decline in cinema-revenue growth.

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Petrobras Falls Short of Asset-Sales Target

Brazilian oil company Petróleo Brasileiro SA, or Petrobras, completed a flurry of asset sales at year-end, but still fell short of its $15.1 billion divestment target for the 2015-2016 period.

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Chinese Nuclear-Plant Delays Illustrate Toshiba's Challenges

A nuclear reactor being built by Westinghouse in China is at least three years behind schedule, offering clues to why parent Toshiba’s nuclear-power ambitions have led to billions of dollars in potential losses.

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Brazil's Petrobras to Sell Noncore Assets for $587 Million

Brazilian state-run oil company Petróleo Brasiliero SA on Wednesday, said it agreed to sell certain noncore business assets for $587 million, amid its efforts to raise cash and reduce debts.

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Sears Secures New Line of Credit

Sears secured a $200 million line of credit, which can be expanded to total up to $500 million, to fund its operations.

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Cyber Hack Exposes Law Firms' Weak Spots

Major U.S. law firms have become more vigilant in recent years about the risks of cyberattacks, but revelations this week of a major hack on two New York firms are a reminder that the industry remains vulnerable.

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Not Everyone Wants to Shop on Amazon

The 17% of U.S. primary household shoppers who say they never shop on Amazon tend to be older and earn less. Some cite their living situation, while others say it is easier to simply visit local stores. While the percentage has steadily declined, roughly 22 million American households didn’t use the retailer this year.

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Gates Foundation to Invest Up to $140 Million in HIV-Prevention Device

The Bill & Melinda Gates Foundation is investing up to $140 million to support development of a tiny implantable drug pump it believes could help prevent people in sub-Saharan Africa and elsewhere from becoming infected with HIV, the virus that causes AIDS.

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Salesforce Banks on Rapid Revenue Growth

Salesforce.com wants to double its annual revenue in as little as five years, but the goal is fraught with challenges. The San Francisco firm holds the biggest slice of the market for software that helps salespeople track their interactions with customers and prospects. But companies such as Microsoft and Oracle are encroaching on its turf.

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Energy Giants Seek Chinese Minnows in Bid to Shift Gas

Recent deals reflect a fundamental change in China’s energy sector: The government’s goal of boosting competition to facilitate a shift from coal to cleaner fuels has opened a window for private players.

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Apple and Samsung Missed Holiday Smartphone Sales Opportunities, Say Analysts

In the continuing smartphone battle between Apple and Samsung, the week leading up to Christmas didn’t provide much joy for either.

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U.S. Jobless Claims Fell Last Week to 265,000

The number of Americans applying for new unemployment benefits fell last week, remaining at a low level consistent with a healthy U.S. labor market.

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Snap's IPO Pitch to Tout Service as 'the Next Facebook'

When Snap Inc. markets its IPO, it will be touting more than its virtual-messaging service: Its bankers and executives also plan to portray its founder as a visionary who can evolve the service into a content powerhouse.

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Indian Officials to Assess Incentives Requested by Apple

Indian government officials will likely meet early next week to evaluate the financial incentives sought by Apple to manufacture its products in the country.

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Trump Says Sprint Bringing 5,000 Jobs Back to U.S.

President-elect Donald Trump said telecommunications company Sprint Corp. notified him that it would move 5,000 jobs back to the U.S. from overseas.

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Best and Worst Ads of 2016: The Things We Can't Unsee

Mountain Dew Kickstart had its “puppymonkeybaby,” Taco Bell its giant taco head selfies—and it was mostly downhill from there.

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Takata Nears Settling U.S. Criminal Probe Over Defective Air Bags

Takata is nearing a settlement with federal prosecutors to resolve allegations of criminal wrongdoing in the Japanese automotive supplier’s handling of rupture-prone air bags linked to numerous deaths and injuries.

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Ford Pitches Tax Breaks on Work Trucks to Bolster Sales

Ford’s dealer group emailed an advertisement to prospective buyers urging them to purchase a work truck, large SUV or van before the end of the year to take advantage of potentially substantial tax breaks.

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Shoes Help Luxury Retailers Step Up Sales

A slowdown in the sale of high-end goods has forced luxury brands to look elsewhere for growth, and shoes are stepping into that role.

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Kate Spade Explores Sale

High-end handbag and apparel maker Kate Spade is exploring a sale of the company, after coming under pressure from an activist shareholder.

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Will You Be Job Jumping in 2017?

With the U.S. unemployment rate back down at pre-recession lows, more workers could be considering job changes in the new year.

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Chinese Tech Firms Need Wider Reach

Columnist Li Yuan writes that Chinese tech titans can look back at 2016 with pride, having reached significant milestones. They might have to go far, including abroad, to find growth in 2017.

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Aluminum Billionaire Was Planning an Escape From China

Like all Chinese citizens, Liu Zhongtian, chairman of aluminum behemoth China Zhongwang Holdings, isn’t supposed to move more than $50,000 a year outside of the country. A Dallas lawyer’s correspondence suggests Mr. Liu got around this by stockpiling billions of dollars worth of aluminum in Mexico and Vietnam.

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U.S. Retailers on Pace for Best Holiday Season in Years

Surging online orders and last-minute shoppers helped retailers make up for a slow start to the holiday-shopping season, fueling hopes that higher wages, the rising stock market, and lower food and gas prices prompted Americans to spend more.

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Big Growth in Tiny Businesses

U.S. companies that employ nobody but the owner soar, especially those making food, beer, perfume and soap. That’s great for the entrepreneurs, but some worry it won’t help overall job growth.

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New Fed Voters Bring Wide Range of Experience

Three of the four officials who gain votes next year on the Federal Reserve’s rate-setting committee are from a minority group in the central bank’s leadership: They aren’t economists.

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U.S. Pending Home Sales Fell in November

A gauge of upcoming home sales dropped in November, a sign of weakening momentum for the U.S. housing market headed into 2017.

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Toshiba Shares Crash After Write-Down Warning

Shares of Toshiba fell more than 20% a day after a warning about a multibillion-dollar write-down that could leave it with a negative net worth.

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South Korea Fines Qualcomm for Alleged Antitrust Violations

South Korea’s antitrust watchdog fined Qualcomm $852.9 million for alleged antitrust law violations as the U.S. chip maker faces global scrutiny over its patent-licensing business.

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Public Spat Divides Powerful Indian Ethnic Group

A battle to control India’s largest global conglomerate, the Tata Group, is convulsing the powerful ethnic Parsi community, whose billionaire-laden membership has played an outsize role in the nation’s economic evolution.

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BP to Buy Woolworths Fuels Business

BP has agreed to buy the fuels business of Woolworths for $1.29 billion, in the latest move by the British oil company to rebuild following the deadly Deepwater Horizon disaster.

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Seattle Genetics Cancer-Drug Trials on Hold After Four Patient Deaths

Seattle Genetics Inc. said the U.S. Food and Drug Administration had placed several of its early-stage cancer drug trials on hold after four patients died during treatment.

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Housing Gains Highlight Economic Divide

The volatile housing market is widening the divide between pricey urban and coastal areas and more affordable inland regions, creating large swaths of winners and losers based largely on geography.

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U.S. Charges Three Chinese Traders With Hacking Law Firms

Three Chinese traders earned more than $4 million in illegal profits after hacking into the computer systems of two prominent U.S. law firms to obtain nonpublic information about merger and acquisition deals, according to a federal indictment.

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Airbus Cuts A380 Production Plans

Airbus for the second time this year is cutting production plans for its flagship A380 superjumbo and now faces the prospect of losing money on the plane again already next year.

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Panasonic to Put $260 Million Into Plant Supplying Solar Cells to Tesla

Panasonic expects to invest more than $260 million in a Buffalo, N.Y., plant that will make photovoltaic cells and modules for Tesla Motors.

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For Many Retailers, the Price Isn't Right

Vitamin retailer GNC is revamping its pricing strategy as it seeks to reverse a persistent sales slump. GNC’s overhaul highlights a seemingly basic problem that has suddenly confounded many retailers: how to set prices for products they sell.

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Fred's Adopts Poison Pill After Activist Takes Big Stake

Pharmacy chain Fred’s Inc. said Tuesday it has adopted a so-called shareholder rights plan, less than a week after an activist investor took a nearly 25% stake in the company.

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Ireland's Privacy Cop Picks Up the Beat

As Ireland’s data-protection chief, Helen Dixon is settling the pace for EU monitoring of global tech giants, including Facebook and its WhatsApp chat service.

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Malls Across U.S. Beef Up Security After Brawls

Shopping malls across the nation were taking additional security precautions Tuesday following a string of disturbances the day after Christmas that resulted in minor injuries, evacuations and scores of arrests.

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VW to Purchase PayByPhone

Volkswagen AG’s financing arm has acquired a Canadian mobile payments company that deals with parking fees. It’s the latest move by a car maker investing heavily in mobile.

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U.S. Path on Legal Marijuana Forces Rethink in Mexico

As an ever-spreading sweep of the U.S. is giving up the fight against pot, Mexicans are debating the effectiveness of the government’s protracted battle against drug cartels.

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China's Internet Firms Take Their Fight to New Arena

A new battleground is emerging for China’s internet companies: a fast-growing market with almost double the U.S. population.

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Consumer Confidence Rose in December

Americans grew more optimistic about the economy in December, a sign that the postelection bump in confidence continues.

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As China Pivots, Trump Risks Fighting an Old War

China is fixed on the future and aims to replace foreign products in high-tech fields with locally produced ones—and then export them. Donald Trump’s incoming administration would be better off moving to reverse this techno-nationalism and insist on more open Chinese markets, writes Andrew Browne.

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U.S. Home Prices Climb Sharply in October

Home prices rose sharply in October, according to Case-Shiller, with the market showing no signs of slowing after setting a record a month earlier.

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Toshiba Expects Hefty Write-Down Related to U.S. Nuclear Unit

Toshiba’s share price fell 12% on Tuesday as the Japanese electronics giant said it plans to record an impairment loss in connection with an acquisition by its U.S. subsidiary Westinghouse.

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With Oil Cheap, Petrostates Siphon Their Savings

Government spending of money deposited in petrostates’ sovereign-wealth funds—rather than just the investment income generated—is threatening the funds’ long-term viability.

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Oil Producers Turn to Wind Power

European oil companies are taking a closer look at offshore wind projects, as construction costs drop and investor interest in renewables grows. Many have an advantage: experience drilling in punishing conditions at sea.

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The Real Story About Rising Home Prices

Inflation-adjusted home values are far below their 2006 peak, and achieving a new high could be tough to achieve in the new year.

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Greek Debt-Relief Measures Unblocked by Eurozone

Greece’s eurozone creditors agreed to unblock suspended debt-relief measures for the country, after Athens assured them that a Christmas gift it offered pensioners would be a one-off.

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Law Firms' Accounts Pose Money-Laundering Risk

Citing attorney-client privilege, U.S. law firms keep secret the owners of money that moves into and out of their pooled accounts, a money-laundering vulnerability that U.S. prosecutors say was exploited in a multibillion-dollar fraud at Malaysian state fund 1MDB.

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Key Metric Likely Won't Reflect Oil Rally

An important accounting metric investors use to compare oil companies is unlikely to reflect recent rally as it relies on average historic oil prices.

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Stores Gear Up for Returns---and More Shopping

As shoppers flock to stores this week to return unwanted Christmas gifts, department stores and other traditional retailers have an opportunity that pure e-commerce players do not: make another sale.

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'Sing' Scores at Holiday Box Office

Animated comedy “Sing” performed the best of the box office’s new arrivals, bringing in $56.1 million. But “Rogue One: A Star Wars Story” continued to dominate, collecting an estimated $96 million in the U.S. and Canada over the four-day weekend.

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Tips for Returning Gifts Purchased Online

When it comes time to return gifts bought online, there are some tips to follow to help make things less hectic.

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Dollar's Rise Threatens Manufacturing Recovery

A strengthening dollar is re-emerging as a threat to U.S. manufacturers, endangering the profits of some companies and complicating Donald Trump’s drive to boost factory employment.

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Fast-Food Chains in India Cultivate Untapped Workforce: Women

American fast-food chains have become an unlikely source of female employment and empowerment in India, a country where traditionally most women are kept from working outside the home.

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Global Economy Week Ahead: Kuroda Speech, Japan CPI, U.S. Pending Home Sales

A spate of data out of Japan, after a recent upbeat economic assessment by the country’s central bank, highlights this week’s calendar. Also, a peek at home sales in the U.S. for November will offer early clues on how the rise in interest rates is affecting the housing market and U.S. economy.

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In Africa, a Homegrown Rival Takes On Netflix

Africa’s biggest company is challenging the world’s largest video-on-demand service in the race to lure African eyeballs—and wallets.

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Trump's Firm Winds Down Deals That Prompted Complaints of Conflicts

The Trump Organization has begun unwinding some of the deals that have fueled complaints the far-flung business empire is a minefield of conflicts for the incoming president.

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Trump Names Greenblatt Representative for International Negotiations

President-elect Donald Trump has named Jason D. Greenblatt, the Trump Organization’s chief legal officer, as special representative for international negotiations.

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Your Children Already Know What They're Getting for Christmas---Thanks, Internet

Online shopping makes it simpler to buy gifts, but cookies, browsing histories and shared accounts make it harder to hide them; what Siri has to say about Santa Claus

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U.S. Consumer Sentiment Rises to Highest Level in 12 Years

Americans are more confident in the economy than at any point in 12 years—according to the University of Michigan consumer sentiment index—which showed high expectations for growth during the new Trump administration.

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Brazil's Petrobras Plans to Claim Part of Odebrecht's Settlement

Brazilian oil company Petrobras plans to request part of the record anticorruption settlement that construction company Odebrecht signed earlier this week with Brazilian, U.S. and Swiss authorities.

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Flying Internationally? No More Free Lunch

Free food and drinks on long-haul flights have been one of the last perks to survive decades of airline cost-cutting. Now some budget carriers are charging—and traditional carriers may not be far behind.

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Harold Ehrlich Built Name on Wall Street With 'Fearless Forecasts'

As a Wall Street economist and fund manager, Harold Ehrlich was known for sending out his Fearless Forecasts. He always closed with the same proviso: “I reserve the right to be wrong.” Dr. Ehrlich died Dec. 4 at 89.

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Felix Browder Overcame Political Stigma to Become a Top Mathematician

Felix Browder earned his doctorate in mathematics at age 20 but managed to establish himself as a leading professor only after overcoming the stigma of his father’s Communist Party past. Dr. Browder died Dec. 10 at 89.

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When Strikes Were a Threat, Bill Usery Was the Leading Peacemaker

When strikes were still considered a grave threat to the U.S. economy, Bill Usery was the man most often called on to mediate. He knew when to tell a joke, when to push for a concession and when to bide time. Mr. Usery died Dec. 10—11 days shy of his 93rd birthday.

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U.S. New-Home Sales Rose in November

New-home sales rose in November and have posted solid growth for the year as a whole, though the recent jump in mortgage rates could restrain homebuying activity headed into 2017.

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Sam Brownback Calls on Trump to Mimic His Kansas Tax Plan

Sam Brownback, the Kansas governor whose tax cuts brought him political turmoil, recurring budget holes and sparse evidence of economic success, has a message for President-elect Donald Trump: Do what I did.

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China Fines GM for Alleged Price Manipulation

China has slapped a $29 million fine on a General Motors joint venture for alleged monopolistic pricing behavior, according to state-run China Central Television.

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IAG Starting Budget Long-Haul Airline

The British Airways parent will begin service from Barcelona in June. Routes to the Americas and Asia are under consideration.

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Alibaba Enlists Brands to Help Snuff Out Knockoffs

Chinese e-commerce giant Alibaba Group Holding, facing U.S. criticism over the presence of counterfeit and pirated goods on its online shopping platforms, will establish an advisory board of brands and trade associations to help protect intellectual property.

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Retailers Make Final Push to Lure Last-Minute Shoppers

Traditional retailers are pulling out all the stops to attract last-minute holiday shoppers in the final days before Christmas, even as Amazon.com steps up its own efforts to appeal to procrastinators.

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German Court Dismisses $1.3 Billion Damages Claim Against Porsche

Porsche Automobil Holding said Germany’s Federal Court of Justice dismissed claims of around $1.3 billion from U.S. hedge funds related to losses they allegedly suffered on Volkswagen derivatives.

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Odebrecht Bribery Scandal Shakes Up Latin America

Brazilian construction giant Odebrecht’s admission to U.S. prosecutors that it paid hundreds of millions of dollars in bribes to win lucrative infrastructure contracts is reverberating across Latin America.

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Trump Sets Up Jet Dogfight

President-elect Donald Trump on Thursday continued his pressure on the defense sector by suggesting he could use a Boeing Co. plane as a substitute for the Lockheed Martin Corp. F-35 combat jet.

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Fed Finds Continued Growth in Noncash Payments

Americans are pulling out their credit cards, but also hanging onto their checkbooks, a Federal Reserve study released Thursday showed.

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Anglo American Rethinks Sale Plan as Commodity Prices Rise

A year after Anglo American announced one of the most dramatic corporate downsizing efforts ever, the company now is rethinking the plan as politics and shifting market conditions alter the company’s status.

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U.S. Economy Approaches Year's End on Lackluster Note

Measures of economic vitality including income growth, consumer spending and inflation weakened in November.

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Uber Moves Self-Driving Car Test To Arizona

Uber Technologies Inc. is moving a test of its self-driving cars to the friendlier environs of Arizona after suffering a regulatory defeat in California over its use of the vehicles in San Francisco.

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U.S. Factories Are Working Again; Factory Workers, Not So Much

Factories were humming back to life even before a pledge to revitalize American manufacturing helped propel Donald Trump to the presidency. But jobs aren’t returning in kind, which will make it tough to significantly boost industrial employment.

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A New VW Van: Electric, Autonomous but Still Just an Idea

Volkswagen AG is refusing to let America’s nostalgia for the Microbus die, with plans to unveil at next month’s Detroit motor show an electric and autonomous vehicle with styling cues from the 1950s-era passenger vans.

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Blackstone in Talks for Stake in Energy Transfer Partners Assets

Private-equity firm Blackstone Group is in talks to take a stake in assets owned by Energy Transfer Partners LP, according to people familiar with the matter, as the natural-gas pipeline owner seeks to complete its $21 billion sale to a sister company.

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Nokia Files More Patent Complaints Against Apple

Nokia said it has filed additional complaints against Apple, alleging the iPhone maker has infringed 40 of its patents.

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Retailers Lose Willpower as Christmas Approaches

Even the full-price stalwarts cave in to discounts the week before Christmas, and those that have been cutting prices slash even more.

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Teva Settles Foreign Corruption Probe for $519 Million

Teva Pharmaceutical Industries Ltd. agreed to pay $519 million to settle U.S. charges that it violated U.S. foreign-bribery law in its operations in Ukraine, Mexico and Russia.

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Conference Board's Leading Economic Index Flat in November

A basket of leading economic indicators was unchanged in November, but remained positive, in a sign that U.S. economic growth was continuing.

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Altice to Sell Belgium, Luxembourg Business to Telenet

After an acquisition binge that made his company a major player in the U.S. and Europe, French mogul Patrick Drahi is doing something unusual: selling assets.

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Consumer-Spending Gains Slowed in November

Household spending slowed in November and incomes were flat, signs that recent economic momentum may have eased during the month.

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AT&T's DirecTV Now Gets Off to a Bumpy Start

AT&T’s high-profile push into internet video has gotten off to a rocky start. Customers of DirecTV Now, which launched three weeks ago, are complaining about technical glitches that cause crashes, features not functioning and other bugs.

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Airbus Finalizes $18 Billion Jet Deal With Iran

Airbus said it had finalized a controversial deal to sell more than $18 billion worth of jetliners to Iran less than two weeks after rival Boeing signed a similar accord.

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Coach Designs Strategy to Stop Getting Beaten at Its Own Game

Coach, a pioneer of luxury at affordable prices, has in recent years been outpaced by rivals such as Michael Kors. But the handbag maker has hired a new executive creative director, closed some stores and cut back on discounts—and it is starting to pay off.

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U.S. Third Quarter GDP Revised Up to 3.5% Gain

The U.S. economy advanced at a faster pace last quarter than previously estimated, but the stronger gains only help bring the year’s growth rate back in line with the long, sluggish expansion.

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Durable-Goods Orders Fall

Demand for long-lasting manufactured goods fell in November as aircraft orders plummeted, though underlying numbers suggest the factory sector may have stabilized following an extended soft patch.

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Jobless Claims Rose to Highest Level in Six Months, But Still Point to Adding Jobs

The number of Americans applying for unemployment benefits rose to the highest level in six months last week, though the overall trend remained consistent with a labor market that’s adding jobs.

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Rite Aid Revenue, Earnings Miss

Rite Aid’s earnings fell below estimates in the latest quarter as pharmacy reimbursement-rate pressure and generic drugs dragged the top line to an unexpected decline.

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Chinese Metals Manufacturer Scraps Hollywood Dream

Anhui Xinke New Materials has backed out of a deal to acquire the independent filmmaker behind “The Hurt Locker” and “Dallas Buyers Club,” saying it couldn’t satisfy a Chinese regulator.

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Uber's Drive Into India Relies on Raw Recruits

Uber is making a big push in India, but finding drivers is a challenge in a country where knowing how to operate a car and a smartphone is a rare talent.

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China Ride-Hailing Rules Threaten Didi's Migrant Drivers

Many of Didi Chuxing Technology’s Beijing and Shanghai workers face being forced off the road following new regulations that declare they must be local residents.

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How One Japanese Company Is Tackling 'Death by Overwork'

Japanese advertising giant Dentsu said it would switch off all office lights at 10 p.m. and order employees to take vacations regularly, responding to an employee suicide that triggered a government criminal probe.

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How to Not Lose Your AirPods

Keep track of Apple’s cool wireless earbuds with a few creative tricks, Joanna Stern writes.

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China Search Giant Baidu Plans $1 Billion IPO for Video-Streaming Site

Baidu Inc. is planning an initial public offering of its video-streaming site iQiyi.com that could value the unit at up to $5 billion, according to people familiar with the matter.

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Uber Ends Self-Driving Car Test in San Francisco

Uber Technologies on Wednesday relented in a public battle with California regulators over self-driving cars, halting a test program in San Francisco after the state revoked the registration of the vehicles involved.

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Honda and Alphabet Talk Driverless-Car Partnership

Waymo, the recently renamed Google self-driving car project, is in talks to collaborate with Honda Motor Co., its second big auto partner.

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There May Not Be Enough Eggnog This Year

Dairies are reporting stronger than usual demand for the creamy, egg-infused holiday drink often mixed with rum or brandy. Could eggnog top pumpkin spice?

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New York Art Dealer Charged With Trafficking Illegal Antiquities

As part of a sweeping investigation into international antiquities trafficking, the Manhattan District Attorney’s office charged a high-profile New York art dealer Wednesday with possession of stolen property and conspiracy to buy, smuggle and launder millions of dollars of antiquities from East Asia.

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Korean Air Pilots Go on Strike for First Time in 11 Years

Some flights on Korean Air Lines’ major Asian and Middle Eastern routes are set to be disrupted as unionized pilots go on strike after pay negotiations with the flagship carrier broke down.

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Bed Bath & Beyond Posts Profit Decline

Bed Bath & Beyond said growing online sales couldn’t offset sagging traffic at brick-and-mortar stores as the retailer posted a decline in profit for its latest quarter that registered below Wall Street expectations.

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Red Hat CFO to Depart, Profit Rises 45%

Red Hat said its chief financial officer will step down in late January as the open-source software company posted a 45% profit increase for the latest quarter.

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Trump Taps Skeptic of Trade With China to Lead New Council

President-elect Donald Trump announced the creation of a new National Trade Council inside the White House to facilitate manufacturing policy and named an ardent skeptic of trade with China to head the group.

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Export-Friendly U.S. Tax Revamp Faces Unusual Hurdle

Republican plan to replace the current corporate code is similar to the value-added taxes many other countries use, but it may be illegal under World Trade Organization rules.

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U.S. Car Makers Idle Plants Amid Oversupply Concerns

Detroit auto makers are pulling back on first-quarter production in response to a cooling in retail demand and a shift in consumer tastes, a speed bump for an industry that has laid the foundation for U.S. economic expansion in recent years.

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Donald Trump Meets With Boeing, Lockheed CEOs

President-elect Donald Trump met on Wednesday with the chief executives of Boeing Co. and Lockheed Martin Corp., the nation’s two largest defense contractors, two weeks after he started publicly berating the cost of some of their military projects.

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Nokia Sues Apple Alleging Patent Infringement

Nokia said it has filed complaints against Apple in Germany and the U.S., alleging that Apple products infringe a number of Nokia patents.

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AMC Closes Deal to Buy Carmike Cinemas

AMC Entertainment Holdings Inc. is now officially the nation’s largest movie theater chain after closing its acquisition of Carmike Cinemas Inc.

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Viacom Executive Doug Herzon to Leave in January

Veteran Viacom executive Doug Herzog, who leads the division that includes the ratings-troubled networks MTV and Comedy Central, is leaving in January, the company told staff Wednesday.

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Organic or Conventional?

The big food question of the era is worth considering as you prepare holiday feasts this week.

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U.S. Existing-Home Sales Rose in November to New Postcrisis High

Homebuying activity increased in November for a third straight month to the strongest sales pace in nearly a decade, but rising prices and mortgage rates could restrain sales headed into 2017.

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Young Americans Living With Parents at a 75-Year High

Almost 40% of young Americans were living with their parents, siblings or other relatives in 2015, the largest percentage since 1940, according to an analysis of census data by real estate tracker Trulia.

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Struggling Rural Colleges, Towns Find Fates Intertwined

As America’s rural colleges struggle with falling enrollments and local flight, they are realizing how their own futures are intertwined with the broader community.

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A Record Company Benefits From Setting Rules on Music Tours

The ascent of Strange Music—founded 17 years ago when record sales began their long decline—mirrors the boom in the concert business, which artists now depend on for most of their income.

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Winnebago Shares Surge on Earnings Beat

Shares for Winnebago Industries surged as the recreational vehicle manufacturer reported first-quarter earnings that beat expectations.

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Odebrecht to Pay $2.6 Billion to Settle Bribery Claims

Construction giant Odebrecht SA will pay $2.6 billion to U.S., Brazilian and Swiss authorities to resolve a global investigation into bribes paid across the world to secure business, according to a person familiar with the matter.

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Finish Line Cuts Earnings Outlook

Finish Line lowered its earnings forecast Wednesday as it reported less-than-expected sales growth in the latest quarter, hurt by weak demand for apparel and accessories as the retailer tries to focus on its core footwear offerings.

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Accenture Tops Views, But Lowers Guidance

Accenture PLC’s profit grew 22% for the fiscal first quarter amid strong top-line growth, though the consultancy lowered its guidance for the year on foreign-exchange challenges.

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Coke to Buy AB InBev's Stake in African Bottling Business for $3.15 Billion

Coca-Cola has agreed to buy a 54.5% stake in Coca-Cola Beverages Africa, the soft-drink company’s largest African bottling business, from AB InBev for $3.15 billion.

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Avaya: How an $8 Billion Tech Buyout Went Wrong

Avaya, a telephony company bought by private-equity firms TPG and Silver Lake in 2007 for about $8 billion, is weighing a chapter 11 bankruptcy filing to slash its $6 billion debt load.

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Japan Display Secures $636 Million Bailout

The Apple iPhone supplier will receive ¥75 billion in aid from the government-backed Innovation Network Corp. of Japan, a boost to efforts to develop its OLED-display business.

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Bring Back Jobs From China? In Shenzhen, They Aren't That Worried

Donald Trump’s threat to compel Apple and others to manufacture more at home should strike fear into Shenzhen, where the world’s tech gadgets are made. Yet executives here aren’t worried by Mr. Trump.

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Congress Puts Clean-Coal Tax Credits on Table

The most expensive fossil-fuel power plant ever built in the U.S. could soon get a financial lifeline thanks to President-elect Donald Trump, who has signaled interest in clean coal tax-credit initiatives as a way to preserve mining jobs.

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Volkswagen to Repurchase or Fix More Diesel Vehicles for $1 Billion

Volkswagen has agreed to pay around $1 billion to repurchase or fix an additional batch of diesel-powered vehicles tainted with emissions-cheating software, resolving what had become a sticking point more than a year into Volkswagen’s diesel-emissions crisis.

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Nike's Profit Rises on Stronger Demand in U.S. and China

Nike Inc.’s quarterly profit rose 7% amid stronger demand in the U.S. and China, and executives defended the company’s performance amid heightened sportswear competition.

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FedEx Plays Hardball With Retailers as Profits Get Squeezed

FedEx is playing hardball with some e-commerce shippers as the package delivery giant strains to manage the surge in holiday shopping packages.

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UPS Takes a Stake in Retail Returns Specialist Optoro

Companies say they will work together in area growing as e-commerce gains ground with consumers.

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Russian Hackers Stole Millions From Video Advertisers, Ad Fraud Company Says

Ad fraud detection firm White Ops said it discovered a sophisticated online ad fraud operation it calls “Methbot,” which created fake websites and bots to imitate human behavior online. The operation scammed online advertisers out of more than $3 million a day.

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Thiel and Others Push for Trump NASA Team Expansion

Peter Thiel and others have successfully pushed for advocates of commercial space ventures to join President-elect Donald Trump’s NASA transition team after an internal tug of war.

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Regulators Expected to Scrutinize Praxair-Linde Deal

Global regulators are expected to take a close look at the proposed tie-up of industrial-gas giants Praxair Inc. and Linde AG, a move that if completed would create the sector’s biggest player, with a market value of more than $66 billion.

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Justice Department Approves AMC's Acquisition of Carmike Cinemas

The Justice Department Tuesday granted antitrust clearance to AMC Entertainment Holdings Inc.’s deal to acquire rival Carmike Cinemas Inc., but required the movie chains to shed assets.

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Ford to Start Importing Indian-Made SUV to U.S.

Ford Motor Co., already under scrutiny for moving small-car production to Mexico, will start exporting small sport-utility vehicles to the U.S. from India starting late next year.

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Census Says U.S. Population Grew at Lowest Rate Since Great Depression This Year

The U.S. population this year grew at its lowest rate since the Great Depression, and the state of New York shrunk for the first time in a decade, according to Census Bureau figures.

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Social Security Garnished for Unpaid Student Debt

The federal government is increasingly reducing recipients’ Social Security checks to recover millions in unpaid student debt, leaving thousands of retired and disabled Americans with below-poverty incomes.

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Walgreens, Rite Aid to Sell Stores to Fred's

Walgreens Boots Alliance and Rite Aid, seeking regulatory approval to complete their $9.4 billion tie-up, on Tuesday said they agreed to sell 865 of the latter’s stores to Fred’s for $950 million in cash.

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Danone CEO Balances Economic and Social Goals

Chief Executive Emmanuel Faber, only the third chief executive to lead Danone, took the reins of the Paris-based company in October 2014 and has vowed to deliver “strong, profitable and sustainable growth” by 2020.

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Young Boss May Make Older Workers Less Productive

A study found that workers at firms with managers younger than themselves reported more negative emotions, such as anger and fear, than those with older managers.

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'Gig Economy' Workers Take On Key Tasks

For many employers, contingent—or “gig economy”—workers are interchangeable and disposable. But companies will need to rethink that approach as they use more freelancers for mission-critical tasks.

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Hanjin to Sell Stake in U.S. Terminal to Mediterranean Shipping

South Korea’s Hanjin Shipping Co. signed a deal to sell its stake in the U.S. port operator that runs Long Beach, Calif.’s, biggest container terminal to Mediterranean Shipping Co.

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Energy Future Holdings, Senior Lenders Settle $800 Million Fight

Energy Future Holdings reached a deal with senior lenders that bested the Dallas power giant in an $800 million court fight over the premium due for early payoff of debt in a bankruptcy refinancing.

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Orchestra-Premaman Reaches Deal for Destination Maternity

French children’s clothing company Orchestra-Premaman SA reached a deal to buy Destination Maternity Corp. for about $7.05 a share, valuing the maternity retailer at about $100 million according to its share count.

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Some Employers Keep Raises Despite Uncertainty on Overtime Rule

Companies say they are unwilling to reverse promises they made to raise employee pay, especially after they spent months rearranging job duties and wages to comply with the overtime rule.

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BlackBerry Lifts Profit Outlook as Software Revenue Grows

BlackBerry Ltd.’s fiscal third-quarter earnings came in better-than-expected on its growing software and services business.

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General Mills Earnings Decline

General Mills’ second-quarter earnings fell 9%, missing analysts’ expectations, and the processed-foods maker lowered its fiscal-year outlook.

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Praxair, Linde to Merge Into Industrial-Gas Giant Worth $67 Billion

Germany’s Linde and U.S. rival Praxair agreed to a potential merger that would create the world’s largest industrial-gases company, with a combined value of $66.6 billion.

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Uber Sees Third-Quarter Loss

Uber Technologies Inc. continued to grow sales but also continued to lose money in the third quarter, which could cool for now any chances for its hotly-anticipated initial public offering.

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Facebook Faces EU Scrutiny Over WhatsApp Purchase

The European Union accused Facebook of giving “incorrect or misleading information” to investigators who were probing its purchase of WhatsApp in 2014.

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Second Suspect Arrested in Guinea Bribery Case

Israeli police said they have detained a second suspect in an international investigation into bribery and money laundering allegations revolving around billionaire diamond magnate Beny Steinmetz winning rights to rich iron-ore deposits in West Africa.

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Nielsen to Buy Gracenote for $560 Million

Nielsen Holdings agreed to purchase media metadata provider Gracenote from Tribune Media, which Nielsen hopes will boost its ability to gauge audience behavior.

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Amazon's Echo Sells Out---Except in Stores

On Amazon’s main website, the Echo and smaller Echo Dot devices aren’t in stock until after Christmas. However, because of a quirk in the retailer’s increasingly complex supply chain, the speakers were still on shelves as of Monday at three brick-and-mortar locations.

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Jeep's Latest Push Into China Proves a Tough Slog

Fiat Chrysler has made a big bet on China, investing in local production and more dealers in a bid to turbocharge sales of Jeeps in the country. But fierce competition amid slowing growth has dealers already cutting prices.

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Apple Is Discussing Manufacturing in India, Government Officials Say

Apple is discussing with the Indian government the possibility of manufacturing its products in the country, according to two senior government officials, as the company seeks to grow sales in the nation.

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GlaxoSmithKline's New Drug Challenges HIV Treatment Orthodoxy

GlaxoSmithKline’s ViiV Healthcare announced positive phase-three trial results for its new HIV drug in a dual-drug regimen, supporting the company’s audacious bet that it can shift the treatment orthodoxy away from three-drug combinations.

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Cyrus Mistry Resigns From Tata Company Boards

The battle for control of the Tata Group took an unexpected turn Monday as Cyrus Mistry, the ousted head of the group’s holding company, resigned from his positions on the boards of five of the group’s biggest companies.

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Air Force Pushes Back Over F-35 Cost Overruns: 'That's in the Past'

The U.S. Air Force general in charge of the F-35 fighter jet program disputed President-elect Donald Trump’s contention that costs have run out of control, saying the days of price and schedule overruns largely ended in 2011.

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FedEx 2Q Earnings: What You Need to Know

FedEx is scheduled to release its fiscal second-quarter earnings after the market close Tuesday.

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Privacy Groups Seek Regulatory Review of Google Privacy Policy

Two privacy groups filed a complaint asking U.S. regulators to review changes to Google’s privacy policy in June that enable the tech giant to build more robust profiles of its users.

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Vivendi Seeks to Increase Stake in Italy's Mediaset to 30%

French media company Vivendi said it was ready to buy up to 30% in Mediaset, a move that is likely to escalate tensions with the Italian broadcaster’s founder, former Prime Minister Silvio Berlusconi.

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GM to Cut Production at Four U.S. Plants to Reduce Swollen Inventories

General Motors Co. will cut car production at several U.S. assembly plants in January to reduce swollen inventories, the latest auto maker adjusting to softening demand after a seven-year growth spurt.

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Carl Icahn to Sell American Railcar

Billionaire investor Carl Icahn agreed to sell American Railcar Leasing to a subsidiary of Japan’s Sumitomo Mitsui Banking Corp. in a deal worth up to $3.4 billion.

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American Apparel Gets Approval to Liquidate Nine Locations

American Apparel LLC will close nine of its stores, including locations in New York and Washington, D.C., by Dec. 31 and won approval of an agreement with liquidators that would govern the closure of any stores that aren’t sold during an auction in January.

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Boeing Plans Voluntary Layoff Program

Boeing Co. said Monday it would launch a voluntary layoff program early next year and may resort to compulsory job cuts to help trim costs at its commercial jetliner arm.

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Companies Face Delays Getting Cash Out of China

Multinationals operating in China are facing new delays in recent weeks as Chinese regulators impose tougher restrictions on the movement of capital out of the country to slow the yuan’s decline.

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Yellen Stresses Importance of Higher Education in Time of Globalization

Federal Reserve Chairwoman Janet Yellen said a college degree has become increasingly important to help workers compete in a labor market affected by technological change and globalization, in a speech Monday in Baltimore.

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IMF Chief Lagarde Found Guilty of Negligence

A French court Monday found Christine Lagarde guilty of negligence during her time as French finance minister, but imposed no penalty— a surprise ruling that threatens to undercut the authority of the International Monetary Fund chief and her organization.

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EU Raises Pressure on Apple's Tax Deal in Ireland

The EU contends Ireland has been “inconsistent” and “not systematic” in its treatment of multinational companies like Apple, according to a newly disclosed filing that further argues why €13 billion in tax breaks the country granted the iPhone maker were illegal.

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WPP Subpoenaed in Ad Probe

WPP PLC is the latest advertising holding company to disclose that it has been contacted by the U.S. Department of Justice in its investigation of possible price fixing in video-advertising production.

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Blackberry Picks Ottawa as Hub for Driverless Car Push

BlackBerry said that the Canadian capital would serve as its new hub to develop software for the operation of driverless cars, as the company pushes further into the auto industry to generate a new source of revenue.

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China Smog Alerts Signal New Outlook

Cities across northern China issued pollution alerts over the weekend, signaling a new willingness to pay an economic price for cleaner air.

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Lands' End Names New CEO

Lands’ End Inc. said Monday that fashion and luggage executive Jerome Griffith would be its next chief executive.

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Middle East Airlines Start to Feel Pressure

The boom times are fading for the Middle East carriers whose rapid expansion has sparked a nasty war of words with European and U.S. rivals in their battle for customers.

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BP to Invest $1 Billion in Gas Field Off Coast of Africa

BP will invest nearly $1 billion in a vast natural gas field off the coast of northwest Africa, a sign that major energy companies continue to scour the world for opportunities to pump more even as they recover from one of the worst oil and gas price crashes in decades.

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Diamond Magnate Beny Steinmetz Detained in Israel

Authorities have held billionaire Beny Steinmetz for questioning about allegations of corruption in the West African nation of Guinea, a spokesman for his mining business, BSG Resources, said.

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As the Oil-Sands Industry Declines, Its Biggest Champion Bolts

The gravity of the challenges facing Canada’s oil-sands industry has been hammered home by the absence of Canadian Natural Resources Chairman N. Murray Edwards, who has acted as a sector standard-bearer for more than a decade.

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Nintendo Shares Fall After Mario Disappoints

Investors disappointed by early reviews and sales of the smartphone game “Super Mario Run” sold off more Nintendo shares, with some analysts expressing concern over the game’s payment model.

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Japan's SoftBank Invests $1 Billion in Satellite Startup OneWeb

Japan’s SoftBank is pumping $1 billion into OneWeb, which aims to use hundreds of satellites to provide internet access in rural areas and developing countries, in a fundraising round that values the startup at roughly $2.5 billion.

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Volkswagen May Add $1 Billion to Emissions Scandal Costs

Volkswagen AG’s costs in its diesel-emissions scandal could rise another $1 billion as it nears a deal to resolve claims connected to larger and luxury diesel vehicles, according to a person familiar with the matter.

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U.S. Toughens Stance on U.S.-Foreign Airline Partnerships

Officials are stepping up scrutiny of partnerships between U.S. and foreign airlines, a shift that could help smaller carriers that say such alliances hurt their ability to compete in an increasingly consolidated industry.

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Ireland Says EU Overstepped in Apple Tax Decision

Ireland said the European Union overstepped its authority and misinterpreted Irish law when it ordered the country in August to recoup EUR13 billion ($13.57 billion) in allegedly unpaid taxes from Apple Inc.

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Standard Industries to Buy Germany's Braas Monier

Standard Industries Inc. on Sunday reached an agreement to acquire German roof maker Braas Monier Building Group SA after raising its offer in a deal that now values the sale at about $1.15 billion.

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Uber's Clash With Regulators Moves to Self-Driving Cars

Uber last week began to offer rides in self-driving vehicles despite regulators’ objections, a skirmish that sets the stage for the first major test of nascent autonomous-driving laws.

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Iran Defends Deal to Buy U.S. Jets

Iranian officials provided further details on Sunday about their deal to buy dozens of American jets, amid unease about the agreement’s fate under the administration of President-elect Donald Trump.

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U.S. Factories Are Working Again; Factory Workers, Not So Much

Factories were humming back to life even before a pledge to revitalize American manufacturing helped propel Donald Trump to the presidency. But jobs aren’t returning in kind, which will make it tough to significantly boost industrial employment.

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Global Economy Week Ahead: Yellen Speech, BOJ Decision, Europe Sentiment

Federal Reserve Chairwoman Janet Yellen highlights Christmas week with a speech just days after the central bank’s rate raise, the Bank of Japan holds a monetary policy meeting, and reports will show how European consumers are reacting to Italy’s new government.

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'Rogue One' Scores Big at Box Office

Walt Disney Co.’s “Rogue One: A Star Wars Story” hit blockbuster status with light speed at the box office this weekend, collecting an estimated $155 million in the U.S. and Canada.

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Why 2016 Was a Watershed Year for Tech

As 2016 nears an end, five of the seven most valuable companies in the world are tech companies. That helps explain why this year was a difficult year for these companies, which faced criticism and scrutiny while clashing with governments, writes Christopher Mims.

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Hospitals Alter Routines to Control Drug Spending

U.S. hospitals, reeling from rapidly rising drug prices, are taking aggressive steps to cut pharmaceutical spending. They include minimizing inventories and repackaging costly intravenous medicines into individual doses.

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Japan Feeds China's Anime Addiction

China is driving a boom in Japanese animation sales, thanks to video-streaming services hungry for content, tighter controls on piracy, and fans like Gao Jiaqi.

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Indiana Firm Rexnord Signals Move to Mexico Despite Trump Criticism

Rexnord is pressing ahead with plans to close a factory in Indianapolis and shift many of those jobs to Mexico despite a public shaming from President-elect Donald Trump.

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Mylan Launches Cheaper Generic EpiPen Alternative

Mylan NV, whose price increases on its lifesaving EpiPen drug drew broad criticism this summer and helped launched a federal investigation, on Friday said it had launched its half-priced generic version of the medicine.

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Google Executive Tries to Match Presidential Campaign Workers With Employers

Google executive Laszlo Bock has enlisted roughly 100 employers, including Facebook and Netflix, in an effort to find work for campaign staffers left jobless after Election Day.

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Uber, San Francisco Clash Over Self-Driving Cars

Uber remained defiant in the face of pressure from California regulators and local officials to shut down a test of autonomous vehicles.

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Omnicom, Publicis Subpoenaed By Justice Department in Ad Probe

The U.S. Justice Department’s investigation into potential price-fixing in video-advertising production has reached at least three of the world’s biggest ad agency holding companies.

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Processed Food Brands Look for Makeover

Hamburger Helper and Chef Boyardee have something in common: both are fighting to win back customers who have dropped processed packaged food for fresher, more natural alternatives.

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Some BMW Drivers Set to Lose Their Wireless

Some BMW and Nissan vehicles that rely on AT&T’s 2G wireless links for driver assistance services will need upgrades or lose their connections, highlighting a problem for auto makers striving to prove that cars can remain technologically relevant.

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Want to Exercise More? Try Screen Time

New research shows potential for smartphone apps and games like ‘Pokémon Go’ to boost physical activity.

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Donald Trump to Nominate Rep. Mick Mulvaney As Budget Director

President-elect Donald Trump is set to nominate Republican Rep. Mick Mulvaney of South Carolina as his budget director, which would place a fiscal conservative who has warned against larger deficits in charge of the White House Office of Management and Budget.

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How SiriusXM is Battling for the Car Radio

Outlaw Country, founded by rocker Steven Van Zandt, is a model for how the satellite-radio giant plans to take on Spotify, Pandora and AM/FM radio

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'Super Mario Run' Jumps to Top of App-Store Charts

The considerable marketing muscle behind “Super Mario Run” propelled Nintendo’s first smartphone action game to the top of Apple’s app-store charts.

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U.S. Home Construction Lags Behind Broad Economic Rebound

The U.S. economy is strong, with unemployment near the lowest in a decade, and home prices notching records. But the number of single-family homes under construction remains at recessionary levels.

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GOP to Press Ahead With Business-Tax Plan Criticized by Importers

House Republicans plan to press ahead with a business-tax plan that has drawn criticism from retailers, refiners and other importers, the chairman of the tax-writing House Ways and Means Committee said on Friday.

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Minorities, Young People Miss Out on Recent Housing Boom

U.S. home values have jumped to records over the past four years, but some demographic groups have participated more in the rally than others.

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Congress Likely to Consider Reining In Student-Loan Programs

The next Congress should look to reduce how much the government lends to college and graduate students, a key House Republican said Thursday, comparing the loan programs to policies that helped inflate the housing bubble and ended in a wave of foreclosures.

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U.S. Politics Prompt Saudis to Rethink Financial Strategy

Saudi Arabia is re-evaluating its multibillion-dollar U.S. financial strategy because of shifts in the American political landscape, including whether to go elsewhere with the public stock debut of its state oil company, according to people involved in the planning.

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Viacom: Sumner Redstone to Step Down From Board

Viacom Chairman Emeritus Sumner Redstone will resign from the company’s board following its annual meeting in February,

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Look Who's Back! Microsoft, Rebooted, Emerges as a Tech Leader

After years of missteps, the software giant is among the few titans of the 1990s to figure out the new world of mobile technology and cloud computing. One cultural change: CEO Satya Nadella took aim at the company’s ‘not invented here’ bias.

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Chipotle Reaches Settlement With Ackman, Names Four New Directors

Chipotle Mexican Grill Inc. on Friday said it named four new members to its board, wrapping up the beleaguered burrito chain’s settlement with activist investor William Ackman.

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Facebook Discloses Another Metrics Mishap Affecting Publishers

Facebook continued its series of metrics mishaps, disclosing in a blog post Friday that it undercounted traffic from some publishers who posted content to its Instant Articles platform.

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Japan Joins Race for Space Resources

Japan is leaping into space resources, agreeing to work with a robotic-exploration company to create a blueprint for an industry to extract resources from the moon that would enable more extensive space exploration.

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Honeywell Gives Tempered Outlook for 2017

Honeywell International Inc. gave a tempered outlook for 2017 and said it expects fourth-quarter earnings to be at the low end of its prior forecast.

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Airbus Delays Delivery of Long-Range A330neo

Airbus has delayed delivery plans for one of its newest long-range planes, adding to pressure on the European plane maker to meet commitments to airline customers.

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U.S. Housing Starts Tumbled in November

U.S. housing starts tumbled in November but remained at a level suggesting steady demand for single-family homes amid low interest rates and steady job creation.

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Adidas, Like Nike, Is Working on Sub-2 Hour Marathon Project

For sportswear makers, producing the world’s first sub-2-hour marathon is becoming the ultimate arms race.

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Fabric Softener Sales Are Losing Their Bounce

Sales of fabric softeners have been declining for more than a decade—many millennials don’t even know what the product is used for. But Procter & Gamble is working to boost its bottom line with a youth-focused marketing push that includes fresh packaging and ad campaigns.

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Warner Music Reimagines a Lucrative Format for the Streaming Era

Atlantic Records today is releasing a compilation of recent songs that have inspired silly dance crazes, but the album is also a strategic experiment to save a highly-profitable format in the era of streaming music.

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MLB Unit to Partner With 'League of Legends' to Stream Videogaming

Major League Baseball’s streaming-technology unit is looking to break into the hot arena of competitive videogaming by partnering with the creator of one of the world’s most popular computer games.

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YouTube Quietly Backs Emerging Artists

YouTube has invested in several acts this year as it seeks to help artists increase their fan bases—which in turn can boost video and ad views on its site.

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Apple, Spotify Face Upstart Rival in Streaming Music: China's Tencent

Chinese internet giant Tencent is increasing the reach of its Joox music-streaming service in Southeast Asia and exploring plans to enter the Indian market.

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Fortescue CEO Says Alliance With Vale Appears Shaky

A planned alliance between two of the world’s biggest iron-ore producers, Brazil’s Vale and Australia’s Fortescue Metals, may unravel, Fortescue Chief Executive Nev Power said.

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Yahoo's Password Move May Put Verizon Deal at Risk

Yahoo’s move to force some users to reset their passwords following a newly disclosed security breach could disrupt the planned sale of its core assets to Verizon, security experts say.

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Poinsettias' Popularity Wilts---With Some Growers, at Least

Poinsettias, the red-leafed plants second only to Christmas trees as floral symbols of the holiday season, saw wilting sales in recent years as growers’ profit margins shrank.

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Kroger Seeks to Cut Costs With Voluntary Retirement Plan

Kroger is offering early retirement to 2,000 corporate employees, in an effort to cut costs amid stiff competition from more stores and online merchants stocking food.

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Gilead Sciences Ordered to Pay $2.5 Billion in Damages to Merck & Co.

A federal jury in Delaware on Thursday ordered Gilead Sciences Inc. to pay $2.5 billion in damages to Merck & Co. for infringing its patents in developing hepatitis C drugs.

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Shari Redstone Sued by Father's Ex-Girlfriend

An ex-girlfriend of Sumner Redstone is suing his daughter, Shari, alleging she hired a private investigator and paid members of Mr. Redstone’s staff to spy on her in an effort to drive her away from the 93-year-old billionaire.

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Chesapeake Energy Drills Deeper for Profit

Natural-gas giant Chesapeake Energy is drilling ‘supersize’ wells that run for miles underground, hoping to produce more fossil fuels for less cost and turn its fortunes around in an era of low oil prices.

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Oracle Earnings Fall; Co-CEO Catz to Join Trump Transition Advisory Team

Oracle said earnings fell 7.5% in the second quarter as revenue growth came in short of expectations, though the firm posted solid growth in its cloud-computing operations.

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Lawrence Kudlow In Running To Take Top Economic Adviser Post

Commentator Lawrence Kudlow has emerged as a leading candidate to chair the White House Council of Economic Advisers, according to people familiar with the transition.

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World Bank Donors Commit to Record $75 Billion to Meet Growing Demand

The World Bank’s donors Thursday committed a record $75 billion to meet growing demand for development financing from the globe’s poorest countries over the next three years.

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China Extends Tax Break for Small Cars

China extended a tax incentive for small-engine cars into 2017, keeping the tax below its normal level as authorities look to ease worries about slowing demand.

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Facebook to Demote Fake News on Site

Facebook Inc. is inching closer to fact-checking the news on its platform, a role that Chief Executive Mark Zuckerberg shunned a month ago, by rolling out steps to weed out the “the worst of the worst,” the social media platform said.

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States Sue Generic Drug Companies Over Price-Fixing Allegations

Twenty state attorneys general sued a group of generic drug companies Thursday, accusing them of conspiring to fix prices on an antibiotic and a diabetes medication.

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Oracle Earnings: What to Watch

Oracle Corp. is set to report financial results for its second fiscal quarter, ended in November, after the stock market closes Thursday.

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Lockheed Martin Takes Stake in Chip Designer

Lockheed Martin is investing in a chip designer and targeting military communications and technology for the next generation of cellphones as part of the revamp of its venture-capital arm.

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Big Hospital Operator Retreats From Health-Insurance Foray

Catholic Health Initiatives, one of the biggest U.S. hospital operators, is retreating from an ambitious plan to run its own insurance firm, underscoring the risks for health-care providers seeking to compete with health insurers.

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Singapore's Garena Moves Forward With Plans for U.S. IPO

Garena Interactive, the most valuable tech startup in Southeast Asia at more than $3.75 billion, is moving forward with plans for an initial public offering in the U.S. that could raise around $1 billion.

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Heineken Buys 1,900 U.K. Pubs From Punch Taverns

Heineken, the world’s second-largest brewer, placed a vote of confidence in the future of the British pub with a deal to nearly triple its pub portfolio in the country.

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Home Builders' Confidence Rises

U.S. builders’ confidence in the market for single-family homes jumped in December to the highest level in more than a decade, when the sector was near its precrisis peak.

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U.S. Consumer Prices Posted Fourth Straight Rise in November

Consumer prices rose in November for the fourth consecutive month, offering fresh evidence that U.S. inflation is firming as the Federal Reserve moves ahead with its plan to gradually ramp up short-term interest rates.

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U.S. Jobless Claims Fall

The number of Americans applying for unemployment benefits fell last week, further evidence that the labor market remains steady as the Federal Reserve moves to raise interest rates.

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21st Century Fox Makes $14 Billion Bid to Take Full Control of Sky

Trying once again to strengthen control of its media empire on both sides of the Atlantic, the Murdoch family’s 21st Century Fox formally submitted a roughly $14 billion offer to buy the 61% of British pay-TV giant Sky it doesn’t already own.

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Eli Lilly Gives Bullish Outlook

Eli Lilly gave an upbeat outlook for the coming year, estimating that both sales and earnings will come in above Wall Street’s expectations.

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Quirk of '16 Holiday Calendar Promises a Crush in Web Sales

U.S. consumers are getting a later start on their holiday shopping this year due to an unusual calendar confluence, bringing pitfalls and opportunities for online retailers and delivery companies.

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As 'Great Wall' Hits Theaters, Hollywood Is Watching

“The Great Wall,” starring Matt Damon, begins its global rollout with a debut in China on Friday, an ambitious $150 million picture that offers a prelude to what the future of large-scale moviemaking might look like between the U.S. and China.

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Royal Dutch Shell CFO Steps Down

Royal Dutch Shell said Simon Henry will step down as chief financial officer next year after he steered the Anglo-Dutch oil major through the acquisition of BG Group and a tumultuous period of low oil prices.

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NBC Bets Viewers Will Watch Olympics Year-Round

Comcast Corp.’s NBCUniversal unit will launch an Olympic television channel in the summer of 2017 in a joint venture with the International and U.S. Olympic Committees, according to executives involved in the venture.

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Lonza to Buy Capsugel from KKR in Multibillion-Dollar Deal

Lonza said it had agreed to buy Capsugel, a New Jersey-based maker of drug capsules, from private-equity firm KKR in a deal valued at $5.5 billion including debt refinancing.

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EU Report Suggests Wider Volkswagen Emissions Cheating

Volkswagen AG’s emissions-cheating scandal could involve more vehicles than previously acknowledged, and some new models built to meet the most stringent European emissions standards may still cheat, a European Union research body said.

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Flat Auto Sales Cloud U.S. Growth Outlook

The auto industry has been a bright spot during much of the recent U.S. economic expansion, but the country’s car buyers are showing signs of fatigue, raising concerns over the broader outlook for consumer spending—a key engine of U.S. growth.

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Flush With Cash, NBA Keeps the Peace With Labor Deal

The National Basketball Association and its players’ union on Wednesday agreed in principle to extend their collective-bargaining agreement—an accord that would avoid a work stoppage until at least 2024.

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Crown to Sell $1.18 Billion Stake in Macau Casino Operator

Crown Resorts said it would reduce its exposure to the Chinese market by selling part of its stake in a Macau casino operator, a move that comes as China is pursuing criminal charges against some employees for gambling offenses.

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Yellen and Trump on the Same Page, for Now

For at least the next year or two, their interests are closely aligned. He wants low unemployment and faster economic growth, and she’s happy to err on the side of both via the most docile course of interest-rate increases on record, so long as inflation stays low.

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Brazil's Braskem to Pay $957 Million in 'Car Wash' Corruption Case

Brazilian chemical company Braskem SA said it has agreed to pay about $957 million as part of a leniency accord with prosecutors investigating a corruption scheme centered on oil company Petróleo Brasileiro.

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California DMV Puts Brakes on Uber's Autonomous Autos

Uber Technologies Inc. is operating a fleet of autonomous vehicles illegally in California and could face legal action unless it takes the autos off the road, the state’s Department of Motor Vehicles said Wednesday.

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Cargo Volume Surges at Nation's Largest Port Complex in November

The neighboring ports of Los Angeles and Long Beach imported a combined 707,660 20-foot-equivalent units, or TEUs, up 6.4% from the same month last year, while exports rose nearly 12%.

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Two Former Executives Charged With Generic Drug Price-Fixing

The former chief executive and former president of generic drug company Heritage Pharmaceuticals Inc. have been charged with conspiring to fix prices, as part of a continuing Justice Department antitrust probe.

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United Technologies Gives Mixed 2017 Outlook

Industrial conglomerate United Technologies on Wednesday said it expects to deliver annual results at the high end of its projections and gave mixed financial projections for next year.

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Statoil Exits Production in Canadian Oil Sands

Norway’s state-owned oil giant Statoil ASA said Wednesday it is exiting its business in the Canadian oil sands, selling off its assets to Athabasca Oil Corp. and taking a loss of at least $500 million.

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Yahoo Discloses New Breach of 1 Billion User Accounts

Yahoo Inc. revealed new security issues affecting more than a billion users’ data, a breach that is separate to the hack it disclosed earlier this year, which was the biggest data breach on record.

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General Electric to Sell Two of Its Smallest Industrial Units

General Electric plans to raise $4 billion by selling two of its smallest industrial units and promised to cut another $1 billion in expenses, as the conglomerate tries to boost its profit margins by shrinking its operations.

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Exxon Mobil Taps Darren Woods to Replace Tillerson as CEO

Exxon Mobil said Darren Woods will succeed Rex Tillerson as chairman and chief executive of the company, after Mr. Tillerson was tapped by President-elect Donald Trump to serve as the next U.S. Secretary of State.

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Harman Shareholder Plans to Vote Against Sale to Samsung

A large shareholder is balking at Harman International Industries Inc.’s planned $8 billion sale to Samsung Electronics Co., arguing the automotive technology company is worth far more.

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USDA Issues New Rules Aimed at Protecting Farmers

The U.S. Department of Agriculture has unveiled a landmark set of new rules aimed at protecting farmers from anticompetitive business practices.

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Companies That Defrauded the Government Fined Billions During Obama Presidency

The Justice Department has collected $31.3 billion during the Obama administration from companies that defrauded the government, more than the amount collected under the prior three administrations combined, according to data released Wednesday.

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Fed Raises Rates for First Time in 2016, Anticipates 3 Increases Next Year

The Federal Reserve said Wednesday it would raise its benchmark short-term interest rate for the first time in a year and expects to lift it faster than previously projected in the coming year.

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Christie's Hires New CEO

London-based auctioneer Christie’s named Guillaume Cerutti to be its new chief executive, as the world’s biggest auction house navigates a shrunken art market with wary collectors and art values in flux.

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'Star Wars' Box Office Force is Strong, But Faces New Test with 'Rogue One'

Walt Disney Co. proved with its first “Star Wars” movie that the Force is strong. But is it sustainable? That’s the question facing the world’s largest entertainment company with the release Thursday night of “Rogue One: A Star Wars Story.”

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Exxon Faces Dilemma on Rex Tillerson's Pay

Exxon Mobil Corp.’s board faces a difficult decision over how to make a financial break with Chief Executive Rex Tillerson now that Donald Trump has chosen him as secretary of state.

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Review: Can a Smart Oven Beat Mom's Home Cooking?

We might not need an oven with a camera and Wi-Fi, but a smart oven that won’t ruin the holiday roast? Now you’re talking, Geoffrey A. Fowler says.

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Neustar to Be Taken Private by Golden Gate Capital

Neustar, an advertising-technology company that provides data and analytics to marketers, on Wednesday said it agreed to be bought by a private investment group led by Golden Gate Capital for about $1.8 billion.

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Amazon Makes First Commercial Drone Delivery

Amazon said Wednesday it made its first customer delivery by drone, putting the online retailer in the lead to use drones as a new delivery method.

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Uber Takes Self-Driving Cars to Tough Crowd: Techies

Starting Wednesday, Uber will enable San Francisco residents to hail autonomous autos for trips within the city confines, effectively inviting thousands of engineers to kick the virtual tires on its software.

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GM to Unveil Two Redesigned Crossovers at Detroit Auto Show

General Motors will unveil a pair of revamped crossover SUVs in coming weeks, an effort to jump-start participation in a hot segment of the U.S. market.

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U.S. Industrial Production Fell in November

U.S. industrial output fell in November due largely to unseasonably warm weather, as a decline in electricity use offset a pickup in mining.

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Sanofi's Deal With Actelion Could Face Battle Over Price

Sanofi’s attempts to acquire Actelion could hit the same roadblock as similar moves by Johnson & Johnson: price

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Top Tech Execs to Meet Trump to Talk Jobs, Regulations

Prominent tech executives will meet with Donald Trump in a summit that could set the tone for relations between Silicon Valley and the next president.

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CBS Goes All In on 'All Access'

Streaming service “CBS All Access” is the leading edge of the unorthodox digital approach the broadcast network has pursued—one that amounts to a major bet on the brand’s value in the era of cord-cutting.

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Startup Helps Dish Out Takeout Dinners Closer to Home

Online meal-delivery service Deliveroo is taking a page from Amazon’s book, putting restaurant kitchens nearer to the London diners likely to order in.

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GE's Software Future Starts With Selling Computer Hardware

General Electric is developing low-tech routers and servers to harness the data generated by customers’ industrial machinery and give them access to its advanced cloud services offerings.

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U.S. Retail Sales Growth Slows in November

Sales at U.S. retailers slowed in November, suggesting consumers grew cautious during the month that included the presidential election and Black Friday.

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Retailers' Discounts Run Deeper This Holiday Season

Retailers winnowed inventories in the hope that scarcity would allow them to be less promotional, but it didn’t work: Discounts are even deeper this year.

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Investors Expect Fed Rate Rise, Seek Clues on Next Step

The Federal Reserve is likely to raise rates when its two-day policy meeting concludes Wednesday—the only increase this year and just the second since June 2006—and it also will release economic projections for the first time since the U.S. election.

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Zara Owner Inditex Posts Higher Profit

Inditex reported a rise in nine-month net profit, as its physical and online stores continued to woo shoppers seeking the latest fashion trends.

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Toyota's New Car Is for People Who Don't Like Toyotas

Toyota is taking yet another stab at convincing drivers that its vehicles can have a bit of sex appeal, but it concedes not all will be won over by its efforts to change perceptions of its conservative cars.

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Goldman Sachs to Name David Solomon, Harvey Schwartz to Succeed Gary Cohn

Goldman Sachs plans to elevate David Solomon and Harvey Schwartz to be top lieutenants to CEO Lloyd Blankfein, according to people familiar with the matter, filling a void left by No. 2 executive Gary Cohn, who is leaving the bank to join the Trump administration.

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Skip the Fed and Watch the Holiday Shoppers

Economic data Wednesday should provide proof that the economy can support a more hawkish Fed next year.

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U.S. Regulators Sanction Wells Fargo, Declaring 'Living Will' Deficiencies

U.S. regulators slapped Wells Fargo with new regulatory sanctions, saying the firm failed to address alleged “deficiencies” in a plan to manage its own bankruptcy without a taxpayer bailout.

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TV Reporter Files Discrimination Suit Against 21st Century Fox Station

An on-air reporter at a 21st Century Fox-owned local television station in New York is suing the company for hostile work environment and age and pregnancy discrimination.

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Johnson & Johnson to Abandon Pursuit of Actelion

Johnson & Johnson has decided to pull out of talks to buy Swiss drug company Actelion Pharmaceuticals Ltd. after the price got too high, according to a person familiar with the matter.

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GM Appeals Bankruptcy-Shield Ruling to U.S. Supreme Court

General Motors Co. asked the court to maintain a bankruptcy shield for some lawsuits over faulty ignition switches after a lower court ruled the auto maker’s failure to reveal the safety defect violated consumers’ legal rights.

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ConAgra Unit Pleads Guilty in Salmonella Outbreak Case

A ConAgra Brands unit pleaded guilty on Tuesday to a misdemeanor offense related to a decade-old salmonella outbreak, closing a case that reflected heightened enforcement of U.S. food-safety laws.

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Judge Takes Aim at Anthem's Defense of Cigna Deal

A federal judge put a lawyer for Anthem on the hot seat Tuesday, probing potential weaknesses in the insurer’s argument that its proposed acquisition of Cigna wouldn’t harm competition.

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Star Shower Price War Shakes Up Retailers

The battle for sales of outdoor projector Star Shower Motion shows how frequent online price changes have challenged the retail industry.

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Judge Denies WPP's Motion to Dismiss Discrimination Lawsuit

A judge has denied WPP’s motion to dismiss a discrimination lawsuit by JWT employee Erin Johnson, as well as lifted a “stay of discovery,” enabling Ms. Johnson’s lawyers to subpoena witnesses as the case continues in court.

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The World of Pet Tech: Dumb, Yet Delightful

Activity trackers, treat-dispensing webcams, even a game console--for dogs? Joanna Stern’s pup puts the latest in pet “innovation” to the test.

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With Tillerson Tapped for Cabinet, Darren Woods Likely to Lead Exxon

President-elect Donald Trump’s pick of Exxon chief executive Rex Tillerson as his secretary of state will place Darren Woods, widely seen as the next CEO, atop the company as it confronts many business challenges.

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Google Parent Forms New Driverless-Car Company

Google parent Alphabet is spinning out its driverless-car technology from a research lab into its own business unit, called Waymo, that soon will be expected to start earning revenue.

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21st Century Fox's Bid for Sky Isn't a Done Deal Yet

The Murdoch family’s 21st Century Fox already owns 39.1% of Sky, but its latest effort to buy the rest of the British pay-television giant won’t be easy as it faces potential hurdles from politicians, regulators and minority shareholders.

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What Kills Americans Varies Widely by Region

An analysis released Tuesday of more than three decades of death records found that what kills Americans across the U.S. differs widely by region and even by county.

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Monsanto CEO Expresses Confidence in Bayer Deal

Monsanto’s chief executive remains confident in the company’s planned sale to German pharmaceutical conglomerate Bayer, which he said would help boost U.S. investment in agricultural technology.

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Apple Begins Selling AirPod Headphones After Delay

Apple on Tuesday began selling its AirPod wireless headphones after a nearly two-month delay that ate into holiday sales.

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Companies Manage With No CEO

Swiss watchmaker Richemont is joining a rare group of companies operating without a single top boss. Some other followers of the trend rely on committees and consensus to govern themselves. Yet, leading by consensus can be frustrating at times, and one bossless experiment failed.

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GE Engineers New Paths to Promote More Women

General Electric is promoting more women to leadership roles from nontraditional assignments, using information technology, health care, marketing and other rotations instead of a historical preference for engineering and industrial duties.

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The Workplace Policy Conservatives and Liberals Agree On

In a poll conducted around the time of the election, 82% of voters said they believe it is important or very important for Congress and the next president to consider legislation for paid sick days as well as paid family and medical leave.

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Trump to Push Tech Executives on Jobs

President-elect Donald Trump is expected to press prominent technology executives to boost American employment when he meets them in New York this Wednesday, according to a person familiar with the meeting agenda.

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Sterling Slide Churns U.K. Chocolate Makers

The fall in sterling after the Brexit vote is roiling small British chocolate makers, some of whom are hiking prices or looking for overseas clients.

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Deals With Putin Helped Fuel Tillerson's Rise

Rex Tillerson was propelled to the top of Exxon Mobil partly by negotiating a deal with Vladimir Putin, part of a relationship that is both Mr. Tillerson’s biggest claim to the secretary of state nomination and potentially the biggest concern about him.

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UPS, FedEx Struggle to Keep Up With Surge in Holiday Orders

United Parcel Service and FedEx are straining to keep up with holiday shipping volumes that have blown past expectations, delaying the delivery of some of the millions of online orders shoppers have placed since Thanksgiving.

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Hatch Me If You Can: Hunt for Hatchimals Goes Global

Hatchimals—the furry, talking toy birds that hatch from a shell—are in such high demand that parents are searching as far afield as Australia and Hong Kong to get their hands on them.

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