Vallourec Seeks Capital as Oil Prices Pummel Earnings

Vallourec plans to raise about $1.08 billion in fresh capital as the company braces for widening losses in 2015 on falling demand from oil companies for drilling equipment following the oil-price collapse.

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Ryanair Launches Share Buyback as Profit More Than Doubles

Ryanair announced a new $867 million share-repurchase program and said third-quarter net profit more than doubled.

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The End of Food Is Here, Finally

The current version of Soylent, the meal replacement of choice for techies and early adopters, is much evolved from its nearly unpalatable first version.

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Startups Bet That Lab-to-Table Will Be Next Food Trend

Startups are betting they will be able to upend traditional livestock practices by growing table-ready meat from cells cultivated in steel tanks.

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South Korean Exports Plunge at Fastest Pace Since 2009

South Korea’s exports fell at their fastest pace since the global financial crisis, the latest warning sign about international trade as concerns mount over the impact from a slowing Chinese economy and withering oil prices.

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China Manufacturing Gauge Falls

China’s official manufacturing purchasing managers index, a gauge of the nation’s factory activity, fell to ​49.4​ in January from 49.7 a month ago, adding to signs of continued sluggishness in the world’s second largest economy.

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CDC Expected to Declare End to Chipotle E. Coli Outbreak, Sources Say

The Centers for Disease Control and Prevention is expected to declare an end to the outbreak that sickened more than 50 people in nine states, although it doesn’t know what caused the contamination.

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Strong Dollar Batters Earnings for U.S. Tech Firms

Many multinationals have suffered from the impact of a strong dollar, but few as severely as U.S. technology companies. There is little sign the pain will ease soon.

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Time Warner Talks With Hulu Zero in on Current Seasons

Just how much longer should cord-cutters be able to watch episodes from the current seasons of TV shows on Hulu? That is one question that has emerged in negotiations about whether Time Warner would become a part-owner of the streaming service, say people familiar with the discussions.

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Philippine Companies, Formerly Fusty, Become Big Dealmakers

Flush with bumper earnings and seeking to become regional players, Philippine companies—which had almost no track record of foreign takeovers—have made $6 billion in overseas acquisitions since 2014.

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Space-Based Laser Data-Relay System Advances

The Eutelsat 9B data-communications satellite was launched Saturday, giving Airbus Group a leg up in establishing a global, high-speed data-relay system in space aimed at eventually using lasers to rapidly distribute spy photos and other data from satellites and drones.

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The U.K. Economy's Hidden Achilles' Heel

Spurred by rising house prices, British households are net borrowers again—a factor that slammed the global economy during the financial crisis.

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U.S., EU Race to Meet Safe-Harbor Deal Deadline

U.S. and European Union negotiators are scrambling to reach a deal on new “safe harbor” data-privacy protections in advance of a Tuesday deadline, hoping to stave off a potentially significant breakdown in trans-Atlantic commerce.

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Studios Back App, Hoping to Fill Cinema Seats

Three studios are leading a $50 million investment in a new company, Atom Tickets, looking to solve one of Hollywood’s oldest problems: How to get more people into movie theaters.

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Alphabet's Earnings to Provide Peek Into Google

The company’s fourth-quarter report, its first since splitting its core businesses, could reveal a rebound in the search engine’s profit margin, analysts said.

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Tata's Zica Car Brings Zika Virus to Mind

Tata Motors Ltd. is about to launch a small car—the Zica—whose name recalls that of the Zika virus, now being blamed for birth defects and whose spread the World Health Organization has called “explosive.”

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New United Air Pilot Training Could Raise Safety Bar for Industry

United Continental Holding Inc.’s bid to revamp training for its pilots, starting with an extra day of instruction for all cockpit crews, harks back to groundbreaking efforts the airline championed four decades ago.

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Sports Authority Lays Off 100 Employees

The Sports Authority Inc. laid off 100 employees, mostly from its corporate headquarters, further signaling trouble at the sporting goods chain, as the athletic retail market grows more competitive.

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Coca-Cola Acquires Stake in Nigeria Dairy, Juice Company

Coca-Cola said it agreed to acquire a minority stake in Nigeria dairy and juice company Chi, as the beverage giant seeks to expand its African portfolio.

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United Calls in All Pilots for Extra Training

United Continental Holdings is taking the unusual step of calling back all 12,000 of its pilots for an extra training day over the next three months in response to a spate of serious safety incidents more than a year ago and to prepare for looming changes facing the industry.

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Xerox CEO Defends Split, but Her Future Role Unclear

In an interview, Xerox CEO Ursula Burns defended the decision to undo her signature acquisition by splitting the company in two.

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Facebook Bans Private Gun Sales

The changes target individuals offering guns for sale, not guns sold by stores or licensed retailers.

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Central Banks Go to New Lengths to Boost Economies

The Bank of Japan’s surprise move Friday to lower a key interest rate below zero for the first time is the starkest example yet of central banks having to push to new extremes to goad a persistently sluggish economy back to life.

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Apple Targets Augmented, Virtual Reality With Hiring, Acquisition

Inc. is accelerating its efforts in augmented and virtual reality, hiring industry experts and recently acquiring a startup specializing in image recognition.

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Theranos Stops Patient Blood Draws at Capital BlueCross Pennsylvania Store

Health insurer Capital BlueCross has asked Theranos to stop drawing blood from patients at its retail store in Enola, Penn., following federal health inspectors’ findings of deficiencies at the blood tester’s California laboratory.

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Income for Recent Graduates the Highest in Over a Decade

Incomes for the newest batch of diploma-holders have reached the highest level in more than a decade and their unemployment rates are falling quickly.

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IMF Changes Lending Rules To Avoid Exacerbating Debt Crises

The International Monetary Fund will consider short-term debt maturity extensions as an alternative to forced bond restructuring under new lending rules announced Friday

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American Airlines' Profit Soars, Propelled by Lower Fuel Prices

American Airlines posted higher profit for its latest quarter, propelled by lower fuel prices and a big tax benefit.

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U.S. Consumer Sentiment Stumbles

Consumer sentiment about the U.S. economy slipped this month—as the University of Michigan index fell to 92 from 93.3 earlier in January—a sign that global turmoil may be starting to wear on American consumers.

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Foxconn Raises Offer for Sharp to $5.45 Billion

Foxconn, the Taiwanese iPhone assembler, has raised its offer to take over Japanese electronics maker Sharp Corp. to ¥659 billion in a deal that would dilute existing stockholders.

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Chevron Posts Surprise Loss, Promises More Cost Cuts

Chevron swung to an unexpected loss in the fourth quarter as crude oil’s price drop intensified at the end of the year.

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Xerox Confirms Plan to Break in Two; Gives Board Seats to Icahn

Xerox announced plans to split itself into two companies and give board seats to activist investor Carl Icahn, reversing the company’s effort to marry business services with its copiers and printers.

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Kroger Plans to Upend How it Organizes Booze in Stores

Kroger has started a booze-fueled brawl with the alcohol industry with a plan to change how the country’s largest supermarket chain organizes beer, wine, and liquor on its store shelves.

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U.S. Employment Costs Rose 0.6%, Little Sign of Wage Pressure

Employers’ personnel costs rose steadily in the fourth quarter—up 0.6%—though the broader trend shows no sign of a breakout for Americans’ paychecks.

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Bank of Japan Introduces Negative Interest Rates

Japan’s central bank introduced negative interest rates for the first time, in an attempt to keep the economy from sliding back into deflation and stagnation.

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U.S. Economy Grows Anemic 0.7% in Fourth Quarter

The U.S. economy sputtered in the final months of 2015, a sign of flagging momentum amid global weakness and financial market turmoil.

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For Mining Chiefs, Doomsday Scenarios Could Become Reality

The vicious decline in commodity prices is upending the forecasts of the leaders of the world’s top commodities companies and scrambling their plans to cope with the worst rout in decades.

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Toyota to Take Full Control of Daihatsu

Toyota Motor said it would bolster its small-car operations by spending about $3 billion to take full control of Daihatsu Motor.

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Honda Motor Profit Slides

Honda Motor’s third-quarter net profit fell 19% as growing recall-related costs and the strong dollar against emerging-markets currencies eroded profits at Japan’s third-biggest car maker.

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Sony Profit Rises Due to PlayStation, Movie-Business Strength

Sony said fiscal third-quarter net profit rose 33.5% from a year earlier, thanks to strength from its PlayStation business and movie unit.

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Sky Appoints James Murdoch as Chairman

Pay-television giant Sky has appointed James Murdoch as chairman, four years after he stepped down from the role amid a phone-hacking scandal engulfing News Corp’s U.K. newspaper business.

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Plan Would Force Pay Disclosures by Gender

The Obama administration plans to require large employers peel back the curtain on how much they pay men and women in a push to narrow long-standing earning gaps between the genders.

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A GOP Debate Without Donald Trump Likely Won't Crimp Fox's Wallet

Donald Trump has claimed that his absence at Thursday’s GOP presidential debate will hurt Fox News’ ratings and ad rates. But the financial risk for the network is limited, ad buyers say.

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A Board Struggles With Its CEO's Borrowing

At Swift Transportation, the CEO’s margin debt on company stock bumps up against limits, and the board keeps adjusting them.

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U.S. Union Membership Rate Held Steady in 2015

The rate of union membership in the U.S. held steady last year, with slight overall gains in union membership rosters outweighed by the rising ranks of nonunion workers.

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Oil Slump Sets Scene for Mergers

Here’s how bad things are getting in the oil patch: In some cases it is now cheaper for energy companies to buy one another rather than drill for crude.

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Defense Companies Feel Oil's Knock

The first signs are emerging that falling commodity prices are starting to hurt U.S. defense exports, as companies deal with shifting priorities on equipment, especially in the Middle East.

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Amazon Reports Largest Profit But Still Disappoints

Amazon reported the largest quarterly profit in its 19-year history as a public company, but shares tumbled as results fell below analyst expectations.

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Microsoft Profit Tops Expectations

Microsoft reported better-than-expected adjusted earnings and revenue for its latest quarter, as its cloud business continued to drive growth.

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Xerox Plans to Split in Two

Xerox is planning to split in two, according to people familiar with the matter, making the century-old company the latest to slim down and narrow its focus.

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No Quick Takeoff for Iran's Lofty Aviation Plans

After a flurry of big deals aimed at revamping Iranian commercial aviation, officials in Iran face a host of obstacles to revamping the sector that could keep some of their loftiest ambitions grounded for some time.

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Trucking Companies Throttle Back Expansion Plans

With uneven demand squeezing profits, truckers say they will focus on efficiency and conserving cash rather than bulk up fleets.

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Walgreens Pulls Back From Theranos

Theranos’s main retail partner, Walgreens, is suspending some ties to the blood-testing laboratory in the wake of a critical regulatory inspection report.

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Takata CEO Shigehisa Takada to Resign

The chief executive of Takata Corp., the maker of tens of millions of recalled air bags, has said he intends to resign, a person familiar with the matter said Thursday.

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VW Begins Recall of Diesel Cars in Europe

Volkswagen has began recalling millions of tainted diesel-powered vehicles in Europe this week, but seems no closer to a deal with U.S. environmental officials.

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U.S. Pending Home Sales Index Up 0.1% In December

The number of existing homes that went under contract in the U.S. was little changed in December, a sign the housing market held steady in the final month of the year.

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Mattel to Add Curvy, Petite, Tall Barbies

Mattel‘s Barbie doll is getting three new body sizes—curvy, petite and tall— to try to stem a long swoon in sales of the iconic toy.

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Alibaba's Sales, Earnings Top Expectations

Alibaba posted stronger-than-expected earnings in its fiscal third quarter despite a slowdown in China’s economy, underscoring the resilience of the country’s consumers.

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U.S. Durable Orders Fall Sharply in December

Demand for long-lasting factory goods declined in December, the latest signal the U.S. manufacturing sector is retreating in the face of global headwinds.

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U.S. Jobless Claims Fall

The number of Americans filing for first-time unemployment benefits fell last week, a sign of continued strength in the labor market.

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Ford Posts Profit on Strength in U.S Pickup Truck Sales

Ford reported net income of $1.9 billion as strength in its core North America market helped offset economic turbulence in emerging markets.

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Italy Claims Google Has Evaded Around €300 Million in Taxes

Italian authorities are claiming Google Inc. has evaded around €300 million ($326.1 million) in taxes in the country between 2008 and 2013.

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Iran Takes Step Toward Satellite Deals

Iran is taking preliminary steps toward leasing or buying commercial satellites, another sign of dramatic changes stemming from the recent international rollback of economic sanctions.

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Retailers Bet Big on Retooling Supply Chains for E-Commerce

Traditional retailers are hoping for a payoff from costly investments to retool their supply chains for e-commerce. Athletic retailer Finish Line’s problems show how much is at stake as chains try to cater to online customers.

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Samsung Braces for Further Profit Weakness

Samsung Electronics joins other technology companies in sending a warning signal on growth, as a global economic downturn threatens to exacerbate a natural slowdown in the maturing smartphone market.

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Diageo Profit Rises Despite Drop in Sales

Diageo reported a 7% rise in half-year profit as improved income from the spirits group’s associate and joint-venture companies outweighed a drop in sales.

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Electrolux Pushed to Loss by Failed GE Deal Costs

Swedish household appliance maker Electrolux announced the appointment of two key executives as its failed bid for General Electric Co.’s appliance business pushed it to a fourth-quarter loss.

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Anglo American Cuts Diamond Production

Anglo American reported mixed fourth-quarter output, with diamond production down in response to weaker gemstone prices during the quarter.

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Roche Profit Dented by Strong Swiss Franc

Swiss drugmaker Roche reported 5% fall in full-year net income as the strong Swiss franc countered gains by the company’s diagnostics activities and all-important breast cancer business.

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BG Deal Caps Shell's Big Gas Bet

Shell is staking its future on gas—and pitting it against oil—with the acquisition of BG Group, which Shell shareholders approved Wednesday.

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Two-Person Board Committees Exist---Even at Some Big Firms

Two-person board committees exist—even at some of America’s biggest companies. There were 11 companies in the S&P 500 index as of Dec. 9 where key board panels consist of just two people.

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Chinese Citizen Admits Stealing High-Tech Seeds in U.S.

A Chinese citizen pleaded guilty to stealing high-tech corn seeds from U.S. farm fields, in a case that drew attention for the government’s rare use of a U.S. antispying law to prosecute alleged trade-secrets theft.

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Apple's Stalled Growth Puts Focus on Prices

Stalling revenue raises an existential question for Apple Inc.: Does the iPhone maker need to move down market to restart growth?

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Companies Find Tech Talent In Robust Freelance Market

A new class of private marketplace that connects software developers with corporations eager to hire people with the latest tech skills has popped up in Silicon Valley and other markets that attract young, freelance coders.

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Theranos Lab Practices Said to Pose Risk to Patient Health

Regulators have found serious deficiencies at Theranos’s laboratory in Northern California that could put the facility at risk of losing its certification.

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EU Plans New Tax Rules for Companies

The European Union will propose a new set of rules and common standards aimed at amending corporate tax legislation across the bloc’s 28 countries in an effort to thwart avoidance schemes and ensure wealthy multinationals pay their fair share.

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Qualcomm Profit Falls 24%

Qualcomm Inc. said its earnings fell 24% in the latest quarter on declines in its patent-licensing business and sales of smartphone chips.

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Lenovo Sees Emerging Markets Generating Growth

Chinese electronics group Lenovo Group Ltd. sees emerging markets as a path to growth amid a slowdown in demand for personal computers and smartphones, Yuanqing Yang

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Facebook Profit Tops $1 Billion

Facebook posted more than $1 billion in quarterly net income for the first time, reflecting the social network’s ability to quickly capitalize on its popularity.

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Fiat Chrysler Narrows Focus on Truck and SUV Market

Fiat Chrysler Automobiles NV Chief Executive Sergio Marchionne has decided to spend nearly $1 billion to boost the company’s focus on what it does best: pickup trucks and sport-utility vehicles.

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Massachusetts Examining Gilead's Hepatitis C Drug Pricing

The Massachusetts attorney general’s office is investigating whether Gilead Sciences Inc.’s pricing of its hepatitis C drugs is unlawful, according to a letter from the prosecutor that also asked the company to lower its prices.

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FCC Proposes Giving Consumers More Choices for TV Set-Top Boxes

The Federal Communications Commission will vote next month on a proposal to bring more competition to the lucrative market for television set-top boxes, a move that instantly set off a pitched political battle.

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Germany Approves Emissions Fix for First VW Diesel Model

Volkswagen has received approval in Germany for a fix of the emissions-rigging software in one of its diesel-powered models.

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Fed Signals Concern About Economic Outlook

The Federal Reserve signaled renewed worry about financial market turbulence and slow overseas economic growth, but didn’t rule out raising short-term interest rates in March.

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Why China and Markets Should Welcome Volatility

China’s long-term health would benefit from less state-directed stability and more market-driven volatility, Greg Ip writes.

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Lyft Agrees to $12 Million Settlement With Drivers

Ride-hailing service Lyft Inc. has agreed to pay $12.25 million to settle a case filed by California drivers over their status as independent contractors and the handling of their expenses.

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Meredith Corp. Left at the Altar Again

Meredith Corp. agreed to let Media General abandon its $2.4 billion merger agreement.

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U.S. New-Home Sales Rise in December

Sales of newly built U.S. homes rose last month, capping the best year for new home sales since 2007.

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Pentagon Reviews Rocket Launch Deal

The U.S. Air Force is reviewing a long-term deal with United Launch Alliance after the joint venture declined to bid on launching a military satellite last year, citing a lack of suitable rocket engines.

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AB InBev Will Try to Keep SABMiller's Stake In China's Snow Brand

Anheuser-Busch InBev will try to defy conventional wisdom and hold on to SABMiller’s China beer business CR Snow, according to two people familiar with the company’s plan.

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Norfolk Southern to Cut Jobs, Rail Lines

Norfolk Southern said it would cut 2,000 jobs and downsize its rail lines after reporting its profit dropped a worse-than-expected 29% in the final quarter of the year.

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Boeing Gives Weak 2016 Forecast

Boeing gave 2016 guidance that fell well short of Wall Street expectations, though the world’s largest aerospace company posted fourth-quarter profit that easily topped analysts’ views.

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Iowa and New Hampshire Boast Strong Economies

Iowa and New Hampshire, the first states on the presidential calendar, have two of the strongest economies in the U.S., rendering pocketbook issues less pressing than elsewhere.

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Netflix Blocked by Indonesia's Top Telecom Provider

Indonesia’s Telkom blocked access to the video-streaming service, posing a significant obstacle to the company’s newly launched operations in the world’s fourth most populous country.

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Anthem Revenue Grows on Government Business

Health insurer Anthem posted a better-than-expected increase in revenue in the final quarter of the year, driven in part by strong performance in its government-business segments.

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Mitsubishi Electric, Hitachi to Pay $149 Million Fine

The European Union said it would fine Japanese auto parts makers Mitsubishi Electric Corp. and Hitachi Ltd. $149.3 million for fixing the prices of car engine components.

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Fiat Chrysler Net Profit Slumps 40%

Fiat Chrysler Automobiles reported a 40% drop in fourth quarter profit as one-time items cut into the Italian-American car maker’s bottom line.

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Smaller Sizes Add Pop to Soda Sales

Value of soda sales stayed stable last year, despite decline in volume sold as consumers cut back over mounting concerns about obesity and artificial sweeteners.

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Fortescue's Strong Ties With China Could Be a Weakness

Some investors are worried that the giant miner of low-grade iron ore could be vulnerable as Asia’s largest economy cools.

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Canon's Mitarai Steps Down as President

Canon Chairman Fujio Mitarai, a bulwark of Japan Inc. for the past two decades, is stepping back from day-to-day leadership of the camera and printer maker.

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Novartis Net Profit Falls 57%

Novartis said its fourth-quarter net profit fell 57% from a year earlier as the Swiss drug giant’s eye-care unit dragged on performance.

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BASF Profit Skids on Low Oil Prices

Chemicals giant BASF SE said profit fell an unexpectedly sharp 18% last year, knocked lower by lower prices for oil and gas in the fourth quarter which have led to write-downs on the value of its energy business.

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Ericsson Profit Rises on Dollar, Apple Pact

Swedish mobile network supplier Ericsson has reported a 67% increase in fourth-quarter net profit, helped by a stronger dollar and by higher licensing revenue from a new global license deal with Apple Inc.

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Bosses: Are You Too Gritty for Your Own Good?

Some business leaders may be too gritty. Long a hallmark of overachievers, grit is trendy nowadays—but excessive grittiness can hurt your career.

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Despite Cuts, More Pension Woes

Kentucky’s new governor is preparing a fresh overhaul of the state’s pension plans, a sign of greater pain coming in states that already implemented rounds of cutbacks after the financial crisis.

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Oil, Stocks in Tightest Lockstep in 26 Years

Oil and stock markets have moved in lockstep this year, a rare coupling that highlights intensifying fears about global economic growth.

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Dollar's Rise Poses Risk for Fed Plans

As Federal Reserve officials prepare to release interest-rate guidance Wednesday, investors are bracing for the dollar to renew its rise against America’s major trading partners and intensify unrest throughout the world’s financial markets.

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FCC to Propose Overhauling Rules on Set-Top Boxes

The FCC soon is expected to propose overhauling rules for television set-top boxes, a big moneymaker for pay-TV companies. The goal is to lower cable bills and provide viewers with more access to Internet-based programming.

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As a Wal-Mart Exits, Town Looks Ahead

When the Wal-Mart Supercenter in Winnsboro, S.C., closes its doors on Thursday after 17 years as the town’s retail linchpin, a handful of locals are hoping there could be a silver lining for the community.

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Iran Seeks Rapid Reboot for Gas Exports

Iran is pushing to find new ways to extract and export its vast natural-gas reserves, including developing facilities to liquefy the commodity and ship it to Europe in two years now that western sanctions are no longer in place, according to a top Iranian official.

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One of United's Largest Shareholders Declares Activist Stake

Altimeter Capital, a hedge fund that previously expressed concerns about United Continental Holdings Inc., formally reported an activist position in the airline.

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Anxiety Fuels Trump's Fans

The surprisingly enduring candidacy of Donald Trump in the 2016 GOP primary has revealed a seething slice of mostly white America, untethered from either political party, in search of a voice in the national debate.

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Car Apps Test Tracking of Drivers

Smartphones used by more than a million drivers of ride-hailing services to pick up passengers and collect fares are now tracking when they speed, cut corners, brake suddenly or send texts while at the wheel. Several companies including Uber Technologies are testing ways to collect this data.

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Second Worker Dies After Explosion at Cnooc Oil-Sands Plant

A worker died after being hospitalized for burns from an explosion that killed another worker earlier this month at a northern Alberta oil-sands plant owned by Cnooc Ltd.

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Cheap Gas Pinches Power Generators

The lowest electricity prices in more than a decade are testing the whole business model of independent power-generation companies.

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Apple Reports Slowing Growth in iPhone Sales

Apple said iPhone sales grew at the slowest pace since its introduction in 2007 and forecast that revenue in the current quarter will decline at the steepest rate in 15 years.

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Trucking Companies Confront Amazon Threat

Amazon’s purchase of branded trailers marks its foray into trucking, but carriers say they can still count on the company’s business

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Christie's Sales Dropped in 2015

In the latest sign that the art frenzy is cooling, London-based auction house Christie’s said that art sales declined 11% from the market’s peak a year earlier.

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AT&T Revenue Growth Falls Short of Expectations

AT&T posted softer-than-expected revenue growth in its fourth quarter as it added fewer mainstream wireless customers compared to a year ago.

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Sprint Boosts Guidance, Says Turnaround Taking Hold

Sprint on Tuesday boosted its guidance for the year and said its turnaround is starting to take hold, as it posted a loss for the latest quarter that wasn’t as deep as Wall Street was expecting.

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U.S. Consumer Confidence Increases

Consumers confidence rose in January compared with a month earlier, the Conference Board said. The reading signals that Americans are so far brushing off gyrations in the financial markets.

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Twitter Appoints a Marketing Chief

Twitter Chief Executive Jack Dorsey announced Tuesday that American Express’s Leslie Berland will join the social media company as its chief marketing officer.

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Lockheed Martin to Separate Government IT Unit

Lockheed Martin Corp. will separate its government information technology business and combine it with national security firm Leidos Holdings Inc. in a $5 billion transaction, a move to shift the contractor’s focus to its core aerospace and defense units.

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U.S. Home Price Growth Picks Up in November, Case-Shiller Says

Home price growth accelerated in November, according to a report released Tuesday, underscoring that the market continues to favor sellers and present affordability challenges for buyers.

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Economic Anxieties Confront Candidates

Republican and Democratic presidential candidates offer divergent plans to boost growth.

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Companies Ponder a Rating of Workers' Health

A group of employers, including International Business Machines, PepsiCo and Johnson & Johnson, are weighing how to publicly report—and measure—the health of their workforce.

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'Kung Fu Panda 3' Aims to Kick-Start Chinese Studio

DreamWorks is hoping its newest release will pave the way for its Chinese joint venture to release new movies each year, some of them aimed at Chinese audiences and others intended for world-wide release.

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Procter & Gamble Profit, Core Sales Rise

Procter & Gamble reported better-than-expected earnings for its December quarter, its core sales metric improved despite volume declines across most of its businesses.

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DuPont Swings to a Loss as Sales Drop

DuPont, which last month struck a deal to merge with Dow Chemical, swung to a loss in its latest quarter as sales fell across all segments and were particularly hard-hit abroad due to the strong U.S. dollar.

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J&J's Revenue Falls on Currency Woes

Health-care giant Johnson & Johnson reported a 2.4% drop in December quarter sales as adverse foreign exchange rates offset strong growth in U.S. pharmaceutical sales.

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Anglo American's De Beers Sees Improved Diamond Sales

Anglo American PLC said its majority owned diamond unit De Beers has seen a marked improvement in rough diamond sales this year after taking action to curb output last year, which helped flush out a build-up of polished diamond inventories that was weighing on rough diamond demand and prices.

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Siemens CEO Faces Investors After Strong First Quarter

Siemens Chief Executive Joe Kaeser faces investors at the industrial giant’s annual meeting, a day after disclosing strong earnings and a big, strategic deal—but at a time when many have been questioning whether a two-year restructuring effort is yet bearing fruit.

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Tesco Breached Code on Payment Delays

Tesco unreasonably delayed payments to suppliers and must “make significant changes,” a U.K. regulator said, following a year-long investigation into the supermarket chain’s payments practices.

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LG Electronics Narrows Loss as Appliances Find Favor

LG Electronics narrowed its net loss in the December quarter, aided by brisk sales of its home appliances but China’s slowing economy is casting a cloud on the company’s prospects.

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Sony Moves PlayStation Headquarters to California

Sony announced Tuesday it is moving the headquarters of its PlayStation videogame unit from Tokyo to California, as the company needs to be able to respond quicker to industry trends.

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Hyundai Net Profit Slides Again

Hyundai Motor reported another quarterly earnings decline, hit by slowing demand in China and emerging markets, and by fierce competition in the U.S. that pushed up marketing costs.

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Philips Pushed to Loss by Pensions Charges

Royal Philips swung to a net loss in the fourth quarter but said that its operational performance continued to improve as it works toward the separation of its lighting division.

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Elliott Boosts Alcoa Stake to 7.4%

Hedge fund Elliott Management has increased its stake in Alcoa to 7.4%, reiterating its support of the lightweight-metals manufacturer’s previously announced split.

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Can These Apps Stop You From 'Drunk Texting'?

Technology aims to rescue smartphone users from a hangover of words with apps designed to stop ‘drunk texting.’

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Can Apple Keep the iPhone Buzzing in China?

As Apple CEO Tim Cook prepares to release quarterly results Jan. 26, investors focus on the iPhone’s prospects in China, world’s biggest smartphone market

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Iran President Visits Europe to Seal Post-Sanctions Deals

Iranian President Hassan Rouhani embarked on a European mission to unleash billions in business deals, seizing on the rollback of international sanctions to revive trade and political ties with the West.

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As Stock Prices Slump, Don't Count on Buybacks

As global stock indexes stumble, market logic dictates companies should ramp up share repurchases. If history is any guide, that won’t happen.

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Supreme Court Upholds FERC's 'Demand Response' Rule

The Supreme Court upheld the federal government’s ability to spur incentives for industrial businesses, schools and other large energy consumers to reduce power usage at times of peak demand.

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Johnson Controls, Tyco Deal Adds to U.S. Tax Exodus

Johnson Controls is set to become the latest American company to move abroad in search of tax savings—and to do so on the coattails of the dismantled Tyco empire. Many of Tyco’s offshoots have become targets of American firms seeking inversion partners.

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Super Bowl TV Ads Reign, Even in a Digital World

While Super Bowl ads still land the biggest bottom-line punch for companies, pairing those spots with digital ads in the weeks surrounding the football championship is the best way to get the most bang for the buck, ad executives say.

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Staples President of North American Stores to Leave

Staples Inc. said its president of North American stores, Demos Pareros, has resigned, effective March 31, amid a broader reshuffling of executives at the office-supply store.

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Boeing Earnings: What to Watch

Analysts’ consensus expectations are for Boeing Co. to post core earnings of $1.48 a share for the fourth quarter, compared with $2.31 a year ago. For all of 2015, non-GAAP earnings of $7.67 a share are expected, compared with $8.60 a share in 2014.

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Siemens Profit Jumps 42%

German industrial giant Siemens AG on Monday reported a 42% jump in net profit for the first quarter of fiscal year 2016 and raised its guidance for the full fiscal year.

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American Apparel's Chapter 11 Plan Approved

A bankruptcy judge approved the chapter 11 exit plan for American Apparel Inc., handing the retailer over to its bondholders and ending former Chief Executive Dov Charney’s hope of regaining control of the company he founded.

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P&G Earnings: What to Watch

Procter & Gamble Co., the world’s largest maker of household and personal-care products, is scheduled to release its fiscal second-quarter earnings before the market opens Tuesday.

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China Slowdown Stokes Fears on Peak Oil Demand

A bedrock belief among oil forecasters has been that China’s voracious appetite for fossil fuels would stoke global energy demand for decades to come. That assumption now appears increasingly shaky.

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Valeant's Pearson: 'On the Road to Recovery'

Michael Pearson, the head of Valeant Pharmaceuticals who is out on medical leave, said he is “on the road to recovery” in a memo to employees.

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McDonald's Earnings Climb on U.S. Strength

McDonald’s reported fourth-quarter profit and sales that beat expectations as customers flocked to its all-day breakfast menu, the latest sign of progress in the burger giant’s turnaround effort.

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Halliburton Posts Loss Amid North American Weakness

Halliburton Co. swung to a loss in the final quarter of the year, hurt by asset write-offs and severance costs amid the downturn in the energy market and drastically lower revenue from its North American business.

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Why the Fed Is the Root of Much Market Turmoil

Having begun to raise rates in December, the central bank was expected to stand pat while signaling more hikes later on. Now, after several bone-jarring weeks, many investors hope the Fed ​is having second thoughts.

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Trade Pact May Spare U.S. Workers Overall But Slow Factory Hiring, Study Says

A group supporting trade liberalization said the Trans-Pacific Partnership’s benefits to the U.S. economy outweigh the effect on American manufacturing and other adjustment costs.

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Mexico's Carstens Sees 'Major Correction' in Peso

Mexico has been unfairly lumped together by investors with other emerging economies, leaving its currency severely undervalued and on course for an upward correction, Agustin Carstens, Mexico’s central bank chief, said in an interview with The Wall Street Journal.

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Johnson Controls, Tyco to Merge

Johnson Controls and Tyco International agreed to merge in a deal that will place the combined industrial company’s headquarters in Ireland.

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Ford to Exit Indonesia, Japan

Ford Motor will cease operations in Indonesia and Japan this year, as it doesn’t expect to achieve sustainable profitability there.

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Amplats Profit Hit by Charges

Anglo American Platinum said it would book $851 million of charges for 2015 and warned earnings would miss expectations.

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Takata Shares Hit Seven-Year Low as Recalls Grow

Takata shares hit their lowest level since 2009 after U.S. regulators said recalls involving Takata-made air bags would expand by around five million vehicles.

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Fire Breaks Out at Foxconn iPhone-Manufacturing Facility in China

A fire broke out on Sunday at Foxconn’s main iPhone manufacturing complex in the Chinese city of Zhengzhou, though there were no reported casualties.

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Why BigCompanies Keep Getting Disrupted

Clayton Christensen’s book “The Innovator’s Dilemma” was published nearly 20 years ago, and companies continue to fall prey to nimble competitors. Anshu​ Sharma, a venture capitalist, thinks he knows why so many businesses that should have all the resources required to build the next big thing so often fail to.

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Cowboys Use Satellites to Home In on the Range

Australian ranchers are using a combination of NASA satellite images and automatic weighing stations to monitor cattle in remote fields.

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Problems Found at Theranos Lab

U.S. health inspectors have found serious deficiencies at Theranos’s laboratory in Northern California, and failing to fix them could put the lab at risk of suspension from the Medicare program.

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Europe Regulators Order Fixes for Airbus Helicopters

European aviation regulators have ordered enhanced inspections and, if necessary, replacement of certain crack-prone parts on thousands of widely-used AS 350 and other choppers manufactured by Airbus Group.

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Europe-China Deals Get More U.S. Scrutiny

CFIUS, the U.S. government body that screens corporate takeovers for security concerns is scrutinizing an increasing number of high-profile deals in which neither party is American.

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Broadcasters Take Daytime TV Talk Shows Into Their Own Hands

Some big TV broadcasters, including Tegna, Tribune Media and E.W. Scripps, are betting they can produce their own daytime talk shows for less than they would pay for a Hollywood version, and distribute them nationally.

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Twitter to Revamp Leadership Under CEO Dorsey

Twitter CEO Jack Dorsey is revamping his top ranks as he tries to find ways to revive the social media company and earn the trust of investors.

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Biggest San Francisco Taxi Operator Files for Chapter 11

Yellow Cab Cooperative, San Francisco’s largest taxi company, sought bankruptcy protection Friday, the latest in a string of traditional cab companies to do so amid the rise of ride-hailing rivals like Uber and Lyft.

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China's Central Bank Feeling Pressure on Yuan

Concerns about the yuan and the annual cash crunch ahead of next month’s Lunar New Year holiday dominated a recent meeting held by the People’s Bank of China.

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Companies Urge Retiring Workers to Leave Their Money Behind

Companies are increasingly urging employees to keep their nest eggs in their corporate 401(k) plans when they change jobs.

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Home Sizes Expand, Along With Prices

The size of new homes rose last year, suggesting Americans’ love of space remains strong but making new homes less affordable for a bigger swath of buyers.

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Pressure Mounts on Siemens Chief

After more than two years running German industrial conglomerate Siemens AG, Chief Executive Joe Kaeser faces pressure to ensure his revamp of the company starts paying off.

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Canada's Carbon Cap May Crimp Oil Giants' New Reserves

Canada’s efforts to curb greenhouse-gas emissions are calling into question oil majors’ ability to tap the world’s third-largest oil reserves.

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Johnson Controls in Advanced Talks to Combine With Tyco

Johnson Controls is in advanced talks to combine with Tyco International, according to people familiar with the matter, in a deal that could be valued as high as $20 billion.

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Recession Indicators Flashing Red

Every U.S. recession since World War II has been foretold by sharp declines in industrial production, corporate profits and the stock market. Those ill omens have aligned again. But that may not mean a recession is in the offing.

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Investor Chill Hits Technology Sector

A sharp slide in public and private valuations for technology firms hung like a snow cloud over the World Economic Forum’s meeting as many investors and entrepreneurs wondered if the tech boom was finally cooling off.

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Harley Needs to Reassure Investors, Dealers

When Harley-Davidson reports quarterly earnings Thursday, management will need to reassure its own anxious dealers as well as investors singed by the motorcycle maker’s disappointing recent results.

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Iran Eyes Boeing Planes to Modernize Aging Fleet

Boeing could benefit from a potential bonanza of plane orders from Iran, the country’s transport minister said, after it signaled a deal with rival Airbus that could include A380 superjumbos was in the works.

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Iran Makes First Post-Sanctions Sale of Oil to Europe

Greece’s largest refinery Hellenic Petroleum has agreed to buy oil from the National Iranian Oil Co., marking the first sale of Iranian crude to a European country since the lifting of trade sanctions against the Middle Eastern nation.

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Academy Unveils Changes to Boost Oscars Diversity

Responding to the furor over a lack of racial diversity among Oscar nominees, the group behind the awards is ending lifetime voting rights, a decision that is likely to be controversial.

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Viacom's Redstone to Face Acuity Test

A California judge ordered Viacom Executive Chairman Sumner Redstone to undergo a mental examination by a psychiatrist working for his former companion in a lawsuit challenging her removal as his health care agent.

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Search Deal with Apple Shows Google's Mobile Vulnerability

A payment Google made in 2014 to keep its search engine as the default on Apple Inc. devices underscores importance of smartphones as access point for online services.

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Apple Veteran Overseeing Electric-Car Project Leaving Company

Steve Zadesky, a 16-year Apple veteran who has been overseeing its electric-car project for the last two years, has told people he is leaving the company.

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Iran Opening Stirs Renewed Business Interest

Thorny legal hurdles still stand in the way of full engagement between Western and Iranian businesses, but both sides are driving to surmount them, as corporate executives test the waters in the country.

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Judge Rules Redstone Can Be Examined by Doctor in Competency Suit

A California judge ordered Friday that Sumner Redstone undergo a mental examination by a geriatric psychiatrist working as a medical expert for his former companion in her lawsuit challenging his mental capacity.

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Hotels Ramp Up Deal Making

Hotel companies are ramping up their merger activity, hoping a broader reach will help them regain ground lost to upstart home-rental companies and online travel agents.

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AT&T to Book $2.2 Billion Gain From Revised Pension Accounting

AT&T Inc. will book a $2.2 billion gain in the December quarter from revised pension accounting, the telecommunications giant said Friday.

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Viacom CEO's Compensation Rose 22% in FY2015

Viacom Inc. Chief Executive Philippe Dauman’s total compensation rose 22% in fiscal 2015, as the media company’s share price sank amid problems in its cable TV business.

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Auto Makers to Recall 5 Million More Vehicles With Takata Air Bags, Regulator Says

Auto makers will recall an additional five million vehicles equipped with Takata air bags after a driver died in a Ford pickup truck last month, U.S. regulators said.

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United Pilots OK Contract Extension

Pilots at United Continental Holdings Inc. overwhelmingly approved a two-year contract extension, continuing momentum to restore labor peace and complete the integration of staff following its creation in a 2010 merger.

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New U.S. Homes Make Room for Airbnb Crowd

The splashy model house unveiled this week during the home-building industry’s largest trade show featured an unexpected design concept: roommates.

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Cigna Sanctions Halt Enrollment in Medicare Advantage, Drug Plans

Cigna said the Centers for Medicare and Medicaid Services will halt enrollment into its Medicare Advantage and prescription-drug plans.

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U.S. Existing-Home Sales Rebound in December

The U.S. housing market wrapped up its best year since before the recession with a big rebound in sales, a sign of strength for a key sector of the economy.

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GM Ignition-Switch Suit Dismissed

A federal judge dismissed a lawsuit against General Motors over a defective ignition switch, dealing a setback to consumers still seeking damages from the Detroit auto maker for the safety lapse.

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Turbulence Won't Mar Steady Growth, Says BOE Chief Carney

Despite the turbulence that has recently rocked financial markets, Mark Carney, governor of the Bank of England, says the outlook for advanced economies is still one of solid growth.

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Excerpts from WSJ Interview with BOE Chief Mark Carney

Mark Carney, governor of the Bank of England, gave a wide-ranging interview to The Wall Street Journal. Here are some excepts on global market turmoil, the prospects for growth, China, Britain in the EU and more.

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GE Profit and Revenue Rise, but Industrial Earnings Fall

General Electric Co. on Friday reported growth in its core earnings and revenue for the fourth quarter, though profit in its industrials business slid.

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Japan Inc.'s Memo to Foreign Firms: Keep Out

Foxconn’s offer for Sharp is the most prominent example of the extra hurdles foreign investors face when looking to invest in large Japanese companies perceived to hold valuable technology.

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SAP Lifts Guidance Despite Profit Decline

German business software provider SAP reported a 2% decline in net profit for the fourth quarter, even as it raised its midterm guidance through 2017, due in part to favorable exchange rates.

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Electrolux's Boardroom Shake-Up Continues

The boardroom shake-up at Electrolux continues, with the Swedish appliance maker set to lose its chief financial officer to metals company Sandvik AB just days after the resignation of Chief Executive Keith McLoughlin.

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Philips Lighting Business Sale Halted by Regulatory Concerns

Royal Philips has terminated the planned sale of its lighting components and automotive-lighting unit to a Chinese investor because of regulatory concerns in the U.S.

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Videogame Maker Seeks to Treat ADHD

Akili Interactive is developing a videogame it believes could replace pills as a treatment for attention-deficit hyperactivity disorder.

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Economic Unease Puts Central Bankers Under Pressure

Amid tumbling oil prices, unstable stock markets and slow growth in developing economies, central banks in the U.S., Europe and Japan face pressure to keep interest rates low or even expand easy-money policies.

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Judge Encourages Plaintiff to Drop GM Ignition-Switch Lawsuit

A federal judge advised a group of lawyers to drop the first lawsuit to come to trial against GM over a defective ignition switch, amid revelations about alleged fraud involving the plaintiff.

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United, Southwest Get a Lift From Low Oil Prices

The slide in oil prices helped two of the largest U.S. airlines deliver record-high profits for the latest quarter, though executives said they expect downward pressure on fares to continue thanks to competition and currency headwinds.

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Hyperloop Race Picks Up Speed

The race to build a working hyperloop transport system is gaining speed as rivals compete to show working models: One at a test track in Nevada and another able to ferry passengers within three years.

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Selloff Puts Cloud-Computing Upstarts in Play

The recent market selloff is pummeling the business-technology sector, but it may come with a silver lining for its top players: an opportunity to buy cash-poor upstarts that have been eating away at their business.

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Energy-Market Slump Weighs on Big Railroads

The dismal energy market slammed two of North America’s biggest freight railroads, Union Pacific and Canadian Pacific, prompting them to slash jobs and driving quarterly profits below Wall Street’s expectations.

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Startup Pays Cash to Buy Homes, Flip Them

Internet startup OpenDoor pays cash to buy homes and then resells them. The San Francisco company has repeated this profitable flip scores of times in the past year.

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Japan Road Tests Self-Driving Cars to Keep Aging Motorists Mobile

Japan’s first extensive tests of self-driving cars are occurring in a sleepy beach town called Suzu. The goal is to give a growing number of the nation’s elderly a way to stay behind the wheel.

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Starbucks Gives Soft Profit Outlook

Starbucks offered a soft earnings outlook for its current quarter, despite posting strong core sales growth and better-than-expected profit for the fiscal first quarter.

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Boeing to Cut Production of 747s

Boeing said it would cut production of the 747 airplane amid weak airfreight demand, resulting in a charge of $569 million in the fourth quarter.

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IMF's Lagarde Gets Strong Support for Second Term

International Monetary Fund Managing Director Christine Lagarde has secured key backing for a second term as the fund officially launched the selection process for the emergency lender’s top job.

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Mattel Wins Auction for Bankrupt Nabi Tablet Maker

Mattel is preparing to take over the bankrupt manufacturer of Nabi children’s tablets after winning a bankruptcy auction earlier this week with a $21.5 million bid.

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U.S. Auto Recalls Set Record

Auto makers recalled a record 51.26 million vehicles in the U.S. in 2015, continuing a historic surge for car companies facing an unprecedented government crackdown on safety lapses.

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Shkreli Seeks to Shield Congressional Testimony

Martin Shkreli, the former drug-company executive criticized for dramatically raising a pill’s price, has asked a congressional committee seeking his testimony to guarantee it can’t be used in a federal prosecution, according to materials reviewed by The Wall Street Journal.

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U.S., EU Wrangle Over Trans-Atlantic Data-Transfer Agreement

U.S. and European Union officials jousted over the future of a trans-Atlantic data-transfer agreement nearly a week before a negotiating deadline, throwing billions of dollars’ worth of traffic in personal information into jeopardy.

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Facebook Criticized in India Over Free Limited Internet

Hundreds of people showed up in India’s capital for an hourslong debate over whether Facebook and others are undermining freedom of the Internet by offering free services that give people limited access to the web.

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Business Leaders, Policy Makers Gather in Davos

Business, economic and political leaders are attending the annual World Economic Forum in Davos, Switzerland, amid pessimism over the global economy and a dismal start to the year in financial markets.

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GM Sells Record 9.8 Million Vehicles in 2015

General Motors sold 9.8 million vehicles in 2015, marking modest annual increase and a third consecutive year of record global sales for the Detroit auto maker.

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RémyCointreau Boosted by China's Thirst for Cognac

French liquor company Rémy Cointreau said sales in the three-month period ending Dec. 31 rose 11% to $325.5 million compared with the same time a year ago.

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United Continental Profit Rises on Lower Fuel Costs

United Continental reported its profit climbed during a turbulent final quarter of the year for the company, boosted by a strong tailwind from cheap fuel.

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U.S. Jobless Claims Edge Up, But Remain Near Historic Lows

The number of U.S. workers filing applications for jobless benefits has edged up early this year, even though the overall level remains consistent with steady job creation.

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Avon Outlines Post-Separation Sales

Avon Products offered a glimpse of results for what will remain of the beauty-products seller after the planned separation of its North American business.

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GE Remains Upbeat on China

China’s slowdown has rattled global markets and sparked fears that the world’s largest economy is stumbling, but some business leaders gathered in Davos are decidedly upbeat.

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Frankfurt Court Rules Against McKesson in Celesio Takeover Case

A Frankfurt court has ruled that McKesson Corp. breached German law in its takeover of German rival Celesio in 2014, according to documents reviewed by The Wall Street Journal.

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Alkermes Reports Disappointing Trial Results For Depression Drug

Alkermes said two late-stage studies of its treatment for major depressive disorder didn't meet their primary endpoints, a significant setback for the company, erasing nearly a third of its market value.

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Verizon Swings to a Profit

Verizon Communications’ adjusted profit edged in above Wall Street expectations for the fourth quarter, as the company benefited from growth in smartphones and tablets during what is typically a competitive quarter. Revenue grew 3.2% to $34.25 billion.

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Daimler Boss Says Europe Headed Back to Slow Lane

Daimler boss Dieter Zetsche, speaking in his capacity as the head of Europe’s auto-making lobby, has warned that slack growth and security concerns are set to peg back demand for new cars in Europe this year.

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German Supermarket Metro Finds Growth at Home

German retailer Metro’s global reach across 30 countries was supposed to insulate it from market swings. Instead, turmoil around the world has battered the company, forcing the chain to retrench and refocus on Europe.

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Pearson to Slash Jobs, Warns on Profit

Education publisher Pearson is to cut 10% of its workforce as part of a fresh cost-savings plan, after cutting its full-year earnings guidance and again warned on profit.

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Alphabet Inc. Focused on Creating Long-Term Value

Google parent Alphabet Inc. is focusing on creating long-term value rather than on incremental results, the company’s chief financial officer said Thursday, adding strong internal controls and infrastructure that improves visibility are fundamental in today’s tumultuous global markets

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Logitech's Shares Surge on Record Sales

Logitech International SA’s shares surged nearly 9% Thursday after the computer peripherals-maker lifted its full-year profit guidance on the back of record sales of its mobile speakers and online gaming accessories.

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Total CEO Says 2015 Profit Was Close to $10 Billion

French oil major Total SA is likely to report an adjusted net profit close to $10 billion for 2015 down from $12.8 billion the previous year as a result of the oil price collapse, the chief executive said Thursday.

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Cadillac Plant Opens in Shanghai as China Luxury Market Feels Pinch

GM’s new $1.2 billion plant will build its premium-brand cars as the country’s slowdown has ratcheted up pressure on the luxury market.

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SABMiller Pressured by Volatile Currencies

SABMiller reported a fall in third-quarter revenue as the brewer was hit by foreign exchange volatility, although at constant currency, sales climbed strongly.

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Woodside Petroleum Plans Up to $1.2 Billion Write-Down

Woodside Petroleum said it would write down the value of its assets by $1 billion to $1.2 billion, as the global rout in crude-oil prices worsens.

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Taiwan's Foxconn Offers $5.3 Billion to Take Over Sharp

Foxconn, the Taiwanese company that assembles the bulk of the world’s iPhones, has offered about $5.3 billion to take over troubled Japanese electronics maker Sharp.

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Three, Four, Five? How Many Board Seats Are Too Many?

More companies are putting in place rules that limit how many other seats their directors can hold. Only 5% of directors at S&P 500 companies held four or more spots in 2015, down from about 27% in 2005.

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Muscular Dystrophy Drugs Face New FDA Questions

Hopes are dimming that the drug industry will be able to quickly deliver a treatment for one of the most keenly researched diseases of recent years—an inherited muscle-wasting disorder called Duchenne muscular dystrophy.

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As Angels Pull Back, Valuations Take a Hit

After valuations for young companies seeking funding soared to five-year highs last year, some angel investors—or wealthy individuals who buy stakes in startups—are starting to pull back.

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IMF Launches Selection Process for Managing Director

The International Monetary Fund officially launched its selection process for its top management spot late Wednesday. Few see any serious challenge to its current IMF managing director Christine Lagarde, who appears to be open to another five-year term.

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Five Charged of Conspiring to Steal Trade Secrets From Glaxo

Five people have been indicted on federal charges that they conspired to steal trade secrets from drugmaker GlaxoSmithKline and to provide them to companies doing business in China.

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Valeant Interim CEO to Testify Before Congress

Howard Schiller, interim CEO of Valeant Pharmaceuticals, is planning to testify at a congressional hearing next week that will explore drug-price increases.

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Supreme Court Rules Against Telemarketer in Class-Action Case

The Supreme Court dealt a setback to companies facing class-action claims, ruling a lawsuit can proceed even if a business offers the main plaintiff the maximum amount he could win in the case.

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How to Adapt HBO's 'Silicon Valley' to Depict China

Silicon Valley is nearly a magical name in China. So, it shouldn’t be a surprise that the HBO comedy “Silicon Valley” is a big hit in China. Li Yuan offers a look at what the Chinese version of the show would be like.

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Viacom Says Sumner Redstone's Compensation Declined

Viacom Inc. said the compensation of Executive Chairman Sumner Redstone declined 85% in fiscal 2015, and said CEO Philippe Dauman’s bonus declined 30% in fiscal 2015.

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Markets' Panic Incongruent With Economic Reality---For Now

Financial markets are in a panic over a sharp economic downturn that has yet to make an appearance—and may never, writes Greg Ip.

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Treasury Chief Urges Action on Puerto Rico

Treasury Secretary Jacob Lew issued his most forceful call to date for Congress to pass legislation allowing Puerto Rico to restructure its debts and avoid looming defaults during his first visit to the island territory.

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Lagarde Says Downside Risks Challenge Global Growth Outlook

International Monetary Fund Managing Director Christine Lagarde said Wednesday that the world economy should continue to grow at a modest pace this year but noted that a number of downside risks clouded the outlook.

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New Mexico AG Sues Volkswagen Over Emissions Scandal

Volkswagen’s legal woes over its emissions scandal deepened this week with the filing of a lawsuit by New Mexico Attorney General Hector Balderas.

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Staples, Office Depot to Extend Merger Deadline

Staples and Office Depot said they plan to extend the deadline of their tie-up by about three months, as the merger continues to face opposition from U.S. antitrust regulators.

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Uber to Ring the Dinner Bell

Uber Technologies Inc. is preparing to go live with a full-scale meal delivery service across 10 cities in the U.S., an expansion that will test the company’s ability to use its drivers to move goods.

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U.S. Tech Companies Bring Encryption Battle to Davos

Rising tensions between governments and big U.S. technology companies over widening surveillance demands are surfacing at the World Economic Forum.

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China Cosco to Buy Majority Stake in Greek Port for About $400 Million

Chinese shipping and port giant China Cosco Holdings Co. has offered €368.5 million ($402.1 million) to buy a 67% stake in Greece’s main port of Piraeus, the Greek privatizations agency said.

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Wal-Mart to Increase Wages for Most U.S. Store Workers

Wal-Mart Stores Inc. said it would increase wages for most of its 1.2 million U.S. store employees on Feb. 20 as the country’s largest private employer battles chronic turnover and a tighter labor market.

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Fashion Brand Diesel Adds Fuel to Trademark Tussles in Asia

Italian clothing brand Diesel has set its sights on Malaysia. But first it must overcome a roadblock: A local company is already selling Diesel-branded jeans and shirts.

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Do Planes Really Need Life Vests?

They provide psychological comfort, but experts question their value when passengers must evacuate quickly, Scott McCartney says.

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Saudi Aramco Set for Chinese Energy Deals

Saudi Aramco is in advanced talks with two of China’s leading energy companies over a number of energy projects to help increase the Saudi state-owned oil group’s sales in Asia.

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CEOs Vent Concern Over Impact of Chinese Slowdown

Chief executives voiced concerns about the effects of China’s economic slowdown on their businesses amid growing global market turmoil.

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Dry-Bulk Shipping Firms Face Unprecedented Crisis

Falling demand from China and other major commodity importers is wreaking havoc on some of the world’s biggest shipping companies, which are selling vessels en masse to survive the industry’s deepest-ever crisis.

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AT&T CEO Says Congress Should Determine Encryption Policy

Congress, not companies, should determine U.S. policy on access to encrypted data on cellphones and other devices, AT&T Chief Executive Randall Stephenson said in an interview.

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Facebook Faces Rebuke From Indian Regulator

The Telecom Regulatory Authority of India reprimanded Facebook for a letter-writing campaign supporting its Free Basics service, calling it an “orchestrated opinion poll.”

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U.S. Consumer Prices Decline 0.1% in December

U.S. consumer prices fell in December, a sign that the economy is still absorbing the impacts of a strong dollar and sinking energy costs.

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U.S. Housing Starts Fall 2.5% in December

Homebuilding in the U.S. fell in December, a sign the housing market lost momentum in the final month of the year.

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Thousands Apply to U.S. to Forgive Their Student Loans

Americans are flooding the government with appeals to have their student loans forgiven on the grounds that schools deceived them with false promises of a well-paying career.

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Producer of Emeralds, Rubies Aims to Outshine Diamonds

Gemfields, a little known London-based mining company is modernizing the rough-and-tumble colored gemstone trade, hoping to generate diamond-caliber demand for its emeralds and rubies.

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Apple Seeks to Open Retail Stores in India

The tech giant currently sells its products through a network of Indian-owned distributors and resellers in the South Asian nation

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Deezer Raises $109.1 Million in Fundraising Round

Deezer announced it had secured €100 million ($109.1 million) in a fundraising round led by one of its biggest investors: Access Industries.

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Local M&A Gains Traction in Israeli High-Tech

The days when Israeli startups saw little room for growth outside being bought up by a foreign company might be over as some of the country’s biggest tech firms gobble up their smaller brethren.

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A380 Superjumbo Lessor Sees 2016 as Critical Year

Amedeo chief executive Mark Lapidus sees 2016 as a critical year to convince airlines to rent Airbus’s A380 superjumbo, the double-decker plane which has struggled to attract customers.

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Driver's Licenses Lose Allure for Young

America’s youth aren’t rushing out to get their drivers licenses as they once did, a trend that signals the auto industry’s new interest in car-sharing services and autonomous vehicles might be the right tack.

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EU Targets Belgium and Italy Over Steel Sector Aid

The European Union’s antitrust agency targeted Belgium on Wednesday for providing unfair state aid to the steel sector and opened an in-depth probe on assistance given to Italian steel producer Ilva.

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Shell Profit Tumbles Amid Oil Price Slump

Royal Dutch Shell said its profit fell by as much as 50% in the fourth quarter compared with the same period in 2014, illustrating how the slump in oil prices is playing havoc with the energy industry.

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Labor Department to Suggest Designating More Businesses 'Joint Employers'

The Labor Department plans to issue guidance suggesting more businesses should be classified as “joint employers” of workers employed by another company, a step that could make companies liable for labor violations tied to their temps and contract workers.

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China Highlights Pivot to Service Sector

Stressing the positive in its flagging economy, China’s government says a transition from industry toward services is advancing, but the latest snapshot of economic performance suggests that shift will be arduous.

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American Companies Say Doing Business in China Is Getting Tougher

U.S. businesses in China are voicing increased concern about unclear laws, perceived antiforeign sentiment and industrial overcapacity, adding to worries about Chinese economic uncertainty.

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Shareholder Urges Ashland to Halt Valvoline Spinoff

A big shareholder is calling on Ashland to halt plans to spin off its Valvoline business and instead seek a buyer for its specialty-chemicals unit at a time when deal-making in the sector is robust.

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A Davos Welcome From the Journal's Editor in Chief

Gerard Baker, the Journal’s editor in chief, introduces our special report on the world economy and explains what really goes on at Davos.

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Gun Maker Bets on Sporting Goods

Smith & Wesson announced plans Tuesday to buy its way into the broader $60 billion outdoor sporting-goods market, reducing its reliance on volatile sales of guns and ammunition.

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Old Favorites Disappearing From Cars

Advances in automotive electronics are redefining the car and reshuffling the ranks of key parts suppliers as more staples like CD players become as outmoded as cigarette lighters, metal keys and hand-cranked windows.

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Asian Oil Companies Retreat as China Demand Dwindles

Two of Asia’s biggest state-owned oil producers are slashing capital spending and production plans, adding to evidence that persistently low global benchmarks may take a toll on supply this year.

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Oil Slump Hits Houston Home Market

Home sales fall, builder incentives rise as buyers turn cautious in the energy slowdown.

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Intel Moves to Lock Down Business PCs

Intel Corp. announced a new effort to use security and computing performance to sell a new generation of microprocessor chips.

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IBM Profit Falls on Lower Revenue

IBM said its fourth-quarter earnings fell 19% as revenue declined again as the company tries to reinvent itself.

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Microchip Signs Deal to Buy Atmel

Microchip Technology Inc. signed a deal to buy Atmel Corp., which said last week that Microchip’s unsolicited bid was superior to an agreement with Dialog Semiconductor.

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AMD Revenue Tumbles, but Loss Narrows

Advanced Micro Devices Inc. said revenue fell 23% in the fourth quarter amid lower sales of processors used in personal computers and a decline in game console royalties, though the chip maker’s quarterly loss narrowed.

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Rising Debt in Emerging Markets Poses Global Threat

Developing economies are caught between fading growth and tighter lending conditions, a situation that could tilt the global economy back into recession.

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After 7 Years of Slow Growth, U.S. Now Sees More of Same

Economists, business executives and American workers have waited a long time for the U.S. to shake off its postrecession hangover. Not anymore. Most Federal Reserve policy makers and private forecasters are giving up on the long-awaited breakout.

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Brics' New World Order Is Now on Hold

Five years ago, the world’s largest developing countries were taking the world by storm as their surging economic growth fueled Western fears of a new world order. But instead of propelling the global economy into calmer waters, the so-called Brics—Brazil, Russia, India, China and South Africa—now risk capsizing it.

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Tiffany Cuts Guidance, Staff on Soft Holiday Sales

Tiffany said Tuesday that sales during the holiday period softened, prompting the luxury jeweler to reduce staff and cut its outlook for the year.

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Netflix Adds More Streaming Subscribers Than Expected

Netflix reported a surge in streaming subscribers in the December quarter, boosted by the company’s overseas expansion.

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How Maersk Is Coping With the Trade Slump

As the world was only just emerging from the global economic crisis, Danish shipping and oil conglomerate A.P. Møller-Maersk A/S made a big gamble, ordering 20 of the world’s biggest container ships. Then global trade slowed sharply. Maersk CEO NIls Andersen talks with the WSJ about the outlook.

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Tesla Sues German Auto Parts Maker

Tesla Motors Inc. filed a federal lawsuit against a German auto parts maker for allegedly misrepresenting its ability to design the signature “falcon wing” doors on its Model X electric sport-utility vehicle.

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Old Steel Mill to Hum With Jobs Again

Investors plan to turn the Sparrows Point site in Baltimore into a logistics hub, tapping crucial transportation links. The project could add as many as 12,000 jobs over the next decade, they say.

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Public Wi-Fi's Fast Future

Like New York, cities all over are getting speedy Wi-Fi. But before using free, speedy hot spots, proceed with caution, warns WSJ’s Personal Technology columnist Joanna Stern.

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Recovery From Trade Swoon May Be Slow

Global trade is in the midst of its worst slowdown in decades, thanks to China’s abrupt manufacturing slowdown and a deep slide in commodity prices, among other things. But deeper problems for merchandise trade have been building for years, including the absence of major new trade deals like the Trans-Pacific Partnership.

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DHL Drone Demonstration Fails to Deliver

Package-delivery giant DHL demonstrated the potential and pitfalls of shipping with drones, after it had to cancel a public display in Germany because of inclement winter weather.

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Dear Business Leaders, Invest in Optimism

Business leaders talk enthusiastically about the future, but their cautious use of capital doesn’t back up such talk. The Journal’s chief economics commentator Greg Ip explores.

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Volkswagen Names Hinrich Woebcken North America Head

Volkswagen AG has appointed Hinrich Woebcken to head its North American business, filling the post at a critical time for the auto maker in the U.S.

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Canadian Pacific Alleges Competitors Trying to Block Norfolk Southern Deal

Canadian Pacific Railway stepped up efforts to win support for its hostile bid to merge with Norfolk Southern, filing a complaint with the U.S. Department of Justice alleging some competitors were acting together to thwart the deal.

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ESPN's John Skipper Plays Offense on Cable Cord-Cutting

In an interview, John Skipper dismissed the narrative that something fundamental is amiss at ESPN. He talked about the company’s plans to distribute more content online to reach cord-cutters, addressed the criticism that ESPN isn’t tough enough on the NFL, and explained the decision to lay off roughly 300 employees.

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China Worries Weigh Ahead of ECB Decision

When European Central Bank rate-setters meet for a policy decision Thursday, they are expected to be looking far to the east, because Chinese market turmoil is weighing on stock markets and investor sentiment world-wide.

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IMF Again Cuts Global Outlook

The International Monetary Fund once again cut its outlook for the world economy, warning that economic turmoil in China and financial contagion throughout emerging markets threaten to curb global growth.

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U.S. Budget Deficit to Rise for First Time Since 2009

The bipartisan budget and tax deals Congress struck with the White House at the close of last year will send deficits rising this year for the first time since 2009, the Congressional Budget Office said Tuesday.

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U.S. Home Builders Remain Optimistic, See Moderate Growth

A gauge of home-builder sentiment—the National Association of Home Builders’ housing market index—held steady in January at December’s revised lower reading, a sign of modest growth in a key sector of the economy.

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J&J Cutting 3,000 Positions in Medical-Devices Division

Johnson & Johnson said it would cut up to 6% of its workforce in its medical-devices division as part of an effort to cut $1 billion in annual costs.

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Delta Swings to Profit on Lower Fuel Costs

Delta Air Lines Inc. said it swung to a profit in its final quarter of the year, again helped by drastically lower fuel costs.

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UnitedHealth Reports Profit Decline Amid Exchange Weakness

UnitedHealth Group Inc. said profit declined in its latest quarter as the biggest U.S. health insurer struggles with its health-care exchange segment.

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VW Chief Holds Support Despite Disappointing U.S. Visit

Matthias Müller is expected to receive the backing of Volkswagen’s key directors at a special meeting to discuss the CEO’s strained visit to the U.S., according to people close to the supervisory board.

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Republic Airways CEO Says Labor Accord Has Halved Pilot Losses

U.S. regional carrier Republic Airways Holdings Inc., which warned last year it could be forced to file for bankruptcy-court protection amid a pressing pilot hiring and retention challenge, has seen a significant slowdown in pilot losses after sealing a new pay accord.

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Renault to Recall Over 15,000 Vehicles

French car maker Renault will recall more than 15,000 vehicles to fix their engines as part of a plan to reduce emissions, France’s environment and transport minister, Ségolène Royal, said.

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Twitter Goes Down for Some Users in Europe

Social-media website Twitter wasn’t available to some users in Europe.

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Thailand Charges Philip Morris with Tax Evasion

The tobacco giant is charged for allegedly under-declaring the value of cigarettes imported from the Philippines.

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Total CEO Warns of Weaker Profit Amid Oil Price Collapse

French oil major Total is likely to report a 20% fall in profit for 2015 because of the collapse in oil prices, Chief Executive Patrick Pouyanné said.

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Unilever Profit Falls After Year-Earlier Gains

Unilever reported lower profit for the fiscal year as the company came up against a year-earlier period in which results were buoyed by gains from divestitures, however core profit and revenue both climbed.

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Business Leaders Move to Strengthen Vatican Ties

Global business leaders sought common ground with the Vatican on a series of ethical issues, the latest effort to improve relations strained by Pope Francis’ criticisms of global finance and capitalism.

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Malaysia's Petronas to Cut $11.4 Billion in Expenses

Malaysia’s state-oil firm is planning to slash as much as $11.4 billion in capital and operating expenditure over the next four years.

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South Korea to Sue Audi Volkswagen Head

The government will sue the head of Audi Volkswagen Korea over failure to comply with an order to recall vehicles with emissions-cheating devices.

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Search for Clues After Deadly Blast at Nexen Oil-Sands Plant

Canadian officials said Monday they are trying to determine the cause of an explosion that left one worker dead at an oil sands plant in Northern Alberta owned by Chinese energy giant Cnooc Ltd.

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China's Economic Growth Slows to 6.9% On-Year in 2015

China posted its slowest growth in a quarter century in 2015, official data showed Tuesday, confirming a loss of momentum in the world’s second-largest economy that continues to chill global activity and spook markets world-wide.

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Welcome to the Crisis Economy, Where Tumult Reigns

Be it geopolitical tension, terror threats or faltering markets, there always seems to be something testing growth. Columnist Stephen Fidler explores just ahead of the annual gathering of world political and corporate leaders in Davos, Switzerland.

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Brazil Inflation Outlook Raised in Economists' Survey

Economists increased their inflation outlook in Brazil for this year and next, highlighting growing pressure on the country’s central bank as it battles rising prices.

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Penney Names Former Home Depot Executive as Head of Stores

J.C. Penney named a former Home Depot executive as its new head of stores, reuniting him with Marvin Ellison who joined Penney as chief executive from the home-improvement retailer in August.

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Shell Quits Major UAE Gas Project

Royal Dutch Shell will quit a major gas development in the United Arab Emirates amid a broad shake up of the company’s strategy and the worst rout in energy prices since the 1980s.

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Coke Looks to Get Pop From New Ad Campaign

Coca-Cola is hoping to get a badly needed pop from a new global ad campaign expected to be unveiled this week with the tagline: “Taste the Feeling,” according to people familiar with the matter.

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Rarely Patched Bugs in Home Wi-Fi Hookups Cripple Security

Millions of consumer routers are vulnerable to hackers because the device software hasn’t been updated. The flaw highlights an enduring problem in computer security: Fixing bugs once they have been released into the world is difficult and often overlooked.

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Clive Palmer Under Pressure From Commodity Prices

Australian billionaire Clive Palmer is getting squeezed as he loses control of Queensland Nickel, one of his biggest investments in the metals sector.

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British Airways Eyes Secondhand Jets

British Airways is warming to the idea of flying leased, secondhand jetliners rather than buying new ones as parent company International Consolidated Airlines Group looks at how to save money in expanding its long-haul fleets.

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How to Improve Cybersecurity? Just Eliminate the Human Factor

The computer systems that run our world—the ones that secure our financial information, protect our privacy and even keep our power grid running—all have a critical, unpatchable weakness. It’s the humans who use them.

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Adidas Appoints Kasper Rorsted as New CEO

Adidas said it has appointed Kasper Rorsted as its new chief executive, replacing Herbert Hainer at the helm of the German sportswear company.

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Minivan Makeover Seeks to Appeal to New Customers

Snazzier accessories, sleeker designs and the enduring draw of roomy interiors for families with children has given the “mom mobile” a lasting, though reduced, appeal.

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Suncor, Canadian Oil Sands Reach Deal

Suncor Energy and Canadian Oil Sands reached a friendly deal after Suncor agreed to raise its takeover offer for its rival to about 4.24 billion Canadian dollars.

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WhatsApp to Drop Subscription Fee

Facebook-owned messaging service WhatsApp will scrap its subscription fees and explore other ways to allow businesses to interact with its users to make up for the lost revenue, its co-founder said.

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Tata Steel to Cut 1,050 U.K. Jobs

Tata Steel said it would ax 1,050 jobs from its U.K. operations as it continues to face an influx of cheaper material from abroad, particularly China.

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Hollande Pledges $2.2 Billion on French Jobs Push

France’s president said he will pour more than €2 billion in public money into apprenticeships and training schemes as part of an emergency plan to combat the unrelenting rise in unemployment.

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