Las Vegas Sands to Settle Suit Filed by Former Macau CEO

Las Vegas Sands Corp. has agreed to pay more than $75 million to settle a case brought by its former Macau chief executive, according to a person familiar with the matter.

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UnitedHealth to Exit Key ACA Market

UnitedHealth Group told brokers that it has filed paperwork to offer plans in just six states’ health-law marketplaces next year, providing the most complete picture so far of its previously announced widespread withdrawal.

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United Flies Further Into China

The airline recently added nonstop flights to the Chinese city of Xi’an and plans to roll out service to Hangzhou in July, part of a high-stakes bet to expand its leading position in the country.

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U.S. Steel Tariffs Create a Double-Edged Sword

U.S. tariffs are boosting steel prices, helping American producers but raising costs for manufacturers.

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SoftBank to Sell $7.9 Billion of Alibaba Stock

SoftBank said Tuesday it would sell at least $7.9 billion of its stock in Chinese e-commerce company Alibaba.

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Louisville's Secret Past: Disco-Ball-Building Boomtown

City boosters erect a 2,300-pound mirrored monument to Louisville’s era as America’s capital of disco-ball manufacturing.

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Shari Redstone Says Viacom Shareholders Want New Management

The daughter of Sumner Redstone responded to criticism by board members of her role in her father’s media empire.

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Bosses Step In to Help Workers Find Extra Cash

Worried about their financially strapped workforce, a handful of companies are stepping in to offer employees alternatives to payday loans and other expensive financial products.

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TiVo Revenue Falls 6.5% Ahead of Acquisition

Television set-top box maker TiVo said its revenue fell 6.5% in the latest quarter as a decline in the company’s hardware segment masked growth in its service and software business and its technology segment.

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MGM to Buy Boyd's Borgata Stake

Boyd Gaming Corp. agreed to sell its 50% stake in Atlantic City’s Borgata Hotel Casino & Spa to its partner, MGM Resorts International.

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Alcoa's Plans to Split Concern Partner Alumina

Alcoa has yet to detail how its debt will be split over its two new companies, but joint venture partner Alumina is trying to make sure it doesn’t get burdened by the aluminum maker’s bills.

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Ex-Girlfriend of Sumner Redstone May Join Cast of 'Real Housewives'

Sydney Holland, former girlfriend of 93-year-old media mogul Sumner Redstone, is a contender to join the Bravo reality show “Real Housewives of Beverly Hills,” according to people familiar with the matter.

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Under Armour Says Sports Authority's Bankruptcy Will Hurt Sales

Under Armour Inc. cut its sales outlook for the year, citing the bankruptcy of Sports Authority.

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AMD Prices 3-D Tech to Spur Virtual Reality Market

Advanced Micro Devices Inc. is targeting the virtual reality market with a new line of graphics hardware priced at $199—half or less the cost of comparable products.

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Staples CEO to Step Down

Staples said CEO Ron Sargent will step down on June 14, weeks after the office-products retailer and Office Depot called off their merger amid regulatory roadblocks.

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Tata Motors Gets a Boost From Jaguar Investment

India’s largest auto maker is getting a boost from its Jaguar brand’s belated entry into the luxury sport-utility vehicle market and from its release of an entry-level sports car.

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States, Cities Clash on Pay and Benefit Rules

Cities and counties are clashing with state legislators over attempts to bolster workers’ wages and benefits, the latest flashpoint in a national dispute over how to address inequality between the highest- and lowest-earning Americans.

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Vivendi Wins Majority Backing in Hostile Bid for Gameloft

Preliminary results of Vivendi SA’s share offer indicate it has prevailed in its efforts to gain control of Gameloft SE, pushing further into video games after re-entering the sector last year.

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AB InBev-SABMiller Deal Clears a South Africa Hurdle

Anheuser-Busch InBev cleared a hurdle in South Africa, gaining approval for its SABMiller acquisition from South Africa’s Competition Commission.

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Judge Finds Michael Dell, Silver Lake Underpaid for Dell in 2013

Michael Dell and Silver Lake underpaid by more than 20% when they took Dell Inc. private three years ago for $24.4 billion, a Delaware judge ruled.

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Icahn Takes Stake in Allergan

Activist investor Carl Icahn said he has taken a “large position” in Allergan and threw his support behind the pharmaceutical company’s CEO, Brent Saunders.

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U.S. Consumer Confidence Declined Again in May

A gauge of U.S. consumer confidence slipped in May—falling to 92.6 in May from April’s 94.7—in a sign of continued caution that could restrain household spending and broader economic growth.

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Foreign Business Groups Protest Proposed Chinese Insurance Rules

Several American and international business groups signed a draft letter of protest against proposed Chinese regulations for the insurance sector that they say could result in discrimination against foreign technology companies.

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China's Coal-Plant Binge Deepens Overcapacity Woes

Chinese companies are binge-building thermal power plants to take advantage of cheap coal and create jobs, though they are compounding an oversupply of power and complicating a government plan to shift to cleaner energy sources.

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U.S. Home Price Growth Remained Robust in March

Home prices rose strongly in March, the latest sign the housing market has momentum heading into the critical spring selling season.

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U.S. Consumer Spending Climbed at Fastest Pace in Nearly Seven Years

Consumer spending advanced at the fastest pace in nearly seven years in April, the latest sign the economy is improving after a sluggish start to the year.

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Great Plains Energy to Buy Westar for $8.6 Billion

Missouri-based Great Plains Energy said it agreed to buy Kansas’ Westar Energy for roughly $8.6 billion in a move the utilities hope will lead to more controlled costs and consumer rates.

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EgyptAir Crash Pressures Airbus to Find Black-Box Alternatives

The challenges that accident investigators are facing locating crash recorders from EgyptAir Flight 804 almost two weeks after the plane went down is reinforcing efforts by Airbus to find alternative ways to tap crucial flight data from lost aircraft.

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Suzuki Motor Says More Cars Given Improper Fuel-Economy Tests

Suzuki Motor said it used an improper fuel economy testing method on more models than it had previously announced, the latest revelation in a scandal that has rocked the Japanese auto industry.

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Starbucks Expands Cold Offerings

Starbucks said it was adding new cold coffee offerings, including Nitrogen-infused coffee, in seven major U.S. cities this summer.

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Jazz Pharmaceuticals Agrees to Buy Celator for About $1.5 Billion

Jazz Pharmaceuticals agreed to buy Celator Pharmaceuticals in a roughly $1.5 billion deal that represents a huge premium for a company with a promising leukemia drug but no revenue.

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Airbus Ponders How to Blunt Boeing Range Advantage

Airbus is studying whether to upgrade its new A330neo jetliner to blunt the range advantage of the plane’s main rival, Boeing’s 787-9 Dreamliner.

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U.S. Tech Firms Agree to EU Code of Conduct on Terror

Google, Facebook, Twitter and Microsoft have agreed with the European Union to remove from their websites information visible in Europe that incites hatred or acts of terror to help combat the growing threat of terrorism on the continent.

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Rocket Internet Says Portfolio Companies Are Progressing Toward Profitability

Key companies in the portfolio of web-retailing group Rocket Internet narrowed their adjusted losses in the first quarter.

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Volkswagen Returns to Profit

Volkswagen swung back to profit in the first quarter after reporting a record loss for the full year 2015, with the absence of new provisions against earnings feeding optimism that the German car maker has digested the bulk of the financial pain from the diesel crisis.

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Venture Capital and Its Discontents

The cultural dominance of venture capital and hypergrowth for startups is provoking a backlash in tech, with some VCs and founders working on a more “organic” way to grow new businesses

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Few Spinoffs Make a Clean Break

The spate of spinoffs from companies such as Hewlett Packard Enterprise and Baxter International often masks the complex challenges finance chiefs face in the aftermath.

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Jazz Pharmaceuticals Nears Deal to Buy Celator for About $1.5 Billion

Jazz Pharmaceuticals is nearing a deal to buy Celator Pharmaceuticals for about $1.5 billion, a huge premium for a company with a promising leukemia drug but no revenue.

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The Price 'Assertive' Women Pay At Work---and How to Minimize It

Research shows women on average are penalized for direct, explicit forms of assertiveness but not for assertiveness expressed through nonverbal means.

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J.P. Morgan's Security Game Plan

CIO Dana Deasy discusses the bank’s strategy since the 2014 breach, as well as working with fintech partners.

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Russia's Privatization Drive Sours a Village

A century-old dairy plant that makes the country’s most-recognizable brand of butter become a symbol for opponents of a privatization effort pushed by President Vladimir Putin.

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Air France-KLM Discusses Selling Stake in Catering Unit to China's HNA

Air France-KLM said it is in exclusive talks to sell a 49.99% stake in its airline catering unit, Servair, to China’s HNA Group.

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Business Lobby Launching Effort to Keep GOP in Control of Senate

The U.S. Chamber of Commerce will deploy influential Republicans to raise funds for tight Senate races, aiming to keep the GOP from losing control of the Senate in November.

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St. Louis Area Uneasy After Bayer's Bid for Monsanto

People in the St. Louis region are anxious about the possible departure of Monsanto, a big employer and donor to charities, following Bayer’s takeover offer.

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Viacom Lead Independent Director Says Board Will Fight Any Attempts to Oust It

Lead independent director Frederic Salerno said in a letter to Viacom constituencies the board is preparing for a legal battle to keep their seats because they don’t believe controlling shareholder and former chairman Sumner Redstone has the mental capacity to act of his own free will.

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Fidelity Marked Up Private Tech Shares in April

Winners included photo-sharing site Pinterest, whose shares increased 14% during the month and have nearly tripled in value since Fidelity first made its investment in October 2013.

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Solar Panel Leasing Decreases as More Customers Look to Buy

Companies such as SolarCity and Sunrun rapidly expanded by leasing solar panels to homeowners, but now face stiff competition from smaller upstarts that sell the units to customers instead.

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Trial Set to Open in Legal Battle Pitting H-P, Oracle

Jurors are set to convene Tuesday to consider a lengthy legal dispute centered on Oracle’s alleged role in the decline of one of the former Hewlett-Packard’s most lucrative products. The lawsuit seeks $3 billion in damages.

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'X-Men' Sequel Rises to the Top

Two Hollywood franchises turned in disappointing box-office performances on a Memorial Day weekend. “Alice Through The Looking Glass” flopped, grossing $34.2 million, while the superhero sequel “X-Men: Apocalypse” opened to $80 million, a decent number but below that of previous movie in the series.

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Verizon Workers to Return to Their Jobs

Two unions representing more than 36,000 Verizon workers were able to win concessions from the carrier in a new four-year contract, helping to end a nearly seven-week labor strike.

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Delivery Service Brings Groceries to Your Fridge When You're Away

In Sweden, groceries can be delivered in your absence and directly to where they belong: your kitchen and fridge. PostNord and supermarket chain ICA are testing the service in Stockholm, promising that messengers will remove their shoes and unpack online deliveries.

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Samsung Adds More Ads to Its TVs

Samsung Electronics is quietly putting more advertisements on its Internet-connected televisions as it seeks new revenue sources for its struggling TV business.

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Rum Makers in Spirited Battle Over Rights to Havana Club

The prospect of a U.S. market return for a Cuban spirit is inflaming a decades-old battle pitting Pernod Ricard, the world’s second-largest spirits producer, against Bacardi, the dominant U.S. seller of rum.

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Airbus Struggles With Its Success

The popularity of Airbus’ A320 has led to record orders, but ramping up to meet these might mean costly investment, just at a time when low oil prices are making more expensive fuel-efficient models a more difficult sell.

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Suncor Starts to Bring Canadian Oil Sands Back Online

Suncor Energy Inc. said Sunday it has begun a “staged restart” of operations near the fire-ravaged community of Fort McMurray, Alberta.

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Dalian Wanda Raises Buyout Offer for Property Arm

Chinese property-and-entertainment conglomerate Dalian Wanda Group boosted its buyout offer for its $4 billion-plus Hong Kong-listed commercial property unit, calling the raised bid its best offer.

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Indian Ministries Divide on Apple's Retail Vision

India’s minister for commerce and industry said she supports waiving local-sourcing rules that threaten to block Apple’s retail stores—a waiver the finance ministry opposes.

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DP World Agrees to Manage Somaliland Port for 30 Years

Dubai’s DP World has agreed to manage the Somaliland port of Berbera for 30 years, according to a person who has seen the concession agreement. The global ports operator gains an alternative hub to Djibouti in the Horn of Africa.

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Global Economy Week Ahead: Chinese Manufacturing, ECB Meeting, U.S. Jobs

Though shortened by holidays in the U.S. and U.K., this week will help set the stage for whether the global economy is heading into a summer of strength or doldrums, with Chinese manufacturing data, a European Central Bank meeting and the U.S. jobs report on the schedule.

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Airlines to Gather at IATA Event

The airline industry has finally shaken off its boom-and-bust past, says the head of the world’s largest carrier, but investors aren’t buying it. It’s a challenging mix for executives gathering in Dublin for the annual jamboree hosted by the International Air Transport Association.

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Once-Monthly MS Injection Approved in U.S.

U.S. regulators approved the once-monthly injection to treat multiple sclerosis made by Biogen and AbbVie, but with a warning about the drug causing possible liver damage.

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Philippine Casino Rules Offer Clean Getaway for Dirty Money

The Philippines allows large amounts of untraceable cash to wash through casinos’ VIP junket rooms without the operators having to identify its source or report it to authorities, opening the door to money launderers.

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How Will You Observe Memorial Day?

Many Americans this Memorial Day will visit gravesites and town monuments. What about the rest of us?

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New U.S. Study Fans Cellphone Cancer Worries

A new study found “low incidences” of two types of tumors in rats exposed to low-level radio waves emitted by cellphones has reignited debate, but many scientists said it was too soon to draw sweeping conclusions from the results.

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Trademark Board Issues Mixed Opinion in 'Zero' Dispute

U.S. trademark authorities said Coca-Cola Co. doesn’t have exclusive rights to use “zero’’ even as they agreed to register the common English word for the company’s diet-soda and sports-drink brands.

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Janet Yellen Sees Rate Hike Coming Soon

Federal Reserve Chairwoman Janet Yellen on Friday signaled the central bank will likely raise interest rates within months if the U.S. economy keeps gaining strength.

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Viacom CEO Gets June Hearing in Lawsuit Over Redstone Trust

A Massachusetts judge has granted Viacom Chairman Philippe Dauman and board member George Abrams’ request for a speedy hearing after the two filed a lawsuit to invalidate their removal from a trust designed to oversee media mogul Sumner Redstone’s holdings.

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Brian Chesky's Home-Sharing Quest

The Airbnb CEO on building his company, battling his critics and renting his couch.

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Big Oil Companies Stay Shy Despite Upswing in Prices

The world’s biggest energy companies are treating with caution the rally that briefly lifted crude-oil prices over $50 a barrel this week, wary of boosting spending and production too soon.

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Netflix Loses Bid to Release Relativity Films Ahead of Theaters

A bankruptcy judge on Friday delivered a defeat to Netflix Inc., which has fought for the right to release two films produced by Relativity Media LLC on its streaming platform ahead of their expected theatrical release.

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Delay for Boeing's New Aerial Tanker

Boeing Co. said that first deliveries of its KC-46 tankers to the U.S. Air Force will be delayed by five months.

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Silicon Valley Driverless-Car Startup Raises Fresh Capital

The backer of a Silicon Valley autonomous car developer called Zoox said the secretive startup raised a fresh round of capital valuing it at more than $1 billion, roughly equal to a similar company General Motors Co. acquired earlier this month.

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Verizon, Unions Reach Labor Pact

Verizon Communications and its labor unions have reached an agreement in principle that would end a weekslong labor strike.

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Janet Yellen Says Fed Could Raise Rates 'in the Coming Months'

Federal Reserve Chairwoman Janet Yellen said a rate increase would be appropriate “probably in the coming months” if the economy and labor market continue to strengthen.

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Hulk Hogan Case Stirs Funding-Disclosure Debate

Tech entrepreneur Peter Thiel’s financial backing of Hulk Hogan’s suit against Gawker is rekindling a debate about disclosing such arrangements.

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De Beers Gets a New CEO

De Beers named a new chief executive as the diamond giant steers through a rough patch of low prices caused by weaker demand for the precious gems.

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U.S. Consumers More Optimistic in May

Consumer sentiment remains high as cheap gasoline, low interest rates and a rebound in stocks from this winter boost the U.S. economy’s prospects.

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U.S. First-Quarter GDP Revised Higher to 0.8%

The U.S. economy’s first-quarter slowdown was less pronounced than initially thought, and recent data have pointed to a pickup for growth this spring.

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Up to 7 Million Cars With Takata Air Bags to Be Recalled in Japan

Auto makers are recalling up to seven million more vehicles in Japan that carry air bags made by Takata, bringing the number of domestic cars subject to recall in the country to 19.6 million, Japan’s government said Friday.

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Cellphone-Cancer Link Found in Government Study

A major U.S. government study on rats has found a link between cellphones and cancer, an explosive finding in the long-running debate about whether mobile phones cause health effects.

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Thiel-Gawker Case Divides Silicon Valley

Billionaire investor Peter Thiel’s newly disclosed funding of a secret legal campaign against Gawker takes the entrepreneur’s zeal for shaking things up in a new and controversial direction.

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Activist Ackman Tries Life as an Inside Man

After firing Valeant’s CEO, investor William Ackman has been defending the embattled drug company from outside critics.

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Four Studios Won't Honor Movie-Booking Practice

Four major Hollywood studios are telling theater owners they will no longer participate in a movie-booking practice that has attracted lawsuits and attention from the Justice Department.

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Viacom Director Presses for Access to Sumner Redstone

Viacom’s lead independent director wants a face-to-face meeting with Sumner Redstone, but the ailing mogul’s attorney so far hasn’t granted him access.

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FDA Approves New Arm Implant to Treat Opioid Dependence

The U.S. Food and Drug Administration approved a drug-emitting arm implant to treat addiction to heroin and other opioids, providing a new tool against an illness that has proved extraordinarily difficult to manage.

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U.S. Companies Dial Back Their Investment

Slower spending on capital goods comes despite a solid labor market, a strengthening housing sector and continuing low interest rates.

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Snapchat Valuation Nears $18 Billion

Snapchat raised more than $1.8 billion in an investment round that stretched over more than a year and included Sequoia Capital and Spark Capital as new investors.

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Facebook and Microsoft To Build Fiber Optic Cable Across Atlantic

Facebook Inc. and Microsoft Corp. have teamed up to build a new fiber optic cable under the Atlantic Ocean, the latest evidence that the biggest U.S. tech companies are seeking more control over the Internet’s plumbing.

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Google Wins Java Copyright Case Against Oracle

A federal jury ruled that Google’s use of Oracle Corp.’s Java software didn’t violate copyright law, the latest twist in a six-year legal battle between the two Silicon Valley titans.

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Twitter Loses Two More Executives

Twitter Inc. is losing two senior executives, departures that come as the social-media company continues to try to keep key talent on board.

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Oil Prices Poised to Hit Sweet Spot

On Thursday oil prices rose above $50 a barrel, putting crude back within a range between $50 and $60 in which almost everybody benefits, economists and investors say.

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Drivers Won't Suffer at Gas Pump From Oil's Rise

The sharpest rise in oil prices in seven years isn’t expected to bring much pain at the gas pump over the Memorial Day weekend as drivers take to the roads.

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Airbnb Seeks Big Boost From Rio Olympics

Home-rental firm Airbnb is betting that its sponsorship of the Rio Olympics will cement its status as a mainstream lodging option in its fourth-largest market.

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Intel Buys Computer Vision Specialist Itseez

Intel, moving to bolster its technology for use in cars and other new markets, is acquiring Russian company Itseez, which specializes in computer vision.

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Communications Startup Twilio Files for IPO

Communications start-up Twilio Inc. has filed to go public, betting on the strength of its cloud-based applications and the integration of communication services in everyday life.

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India to Require Apple to Use Local Sourcing

India’s finance ministry has rejected a government panel recommendation to exempt Apple from local sourcing requirements, two government officials said, in a decision that could effectively block the tech giant’s plan to open its own retail stores in the country.

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McDonald's French Headquarters Searched in Tax Probe

French police raided McDonald’s France headquarters last week in connection to a tax fraud probe, making the fast food chain the latest U.S. company to come under fire in France for the way it pays its taxes.

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Gawker Looking at Potential Sale

Gawker Media has hired an investment banker to explore strategic options including a potential sale, as the company fights a costly legal battle with professional wrestler Hulk Hogan.

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Lenovo's Profit Rises 80% but Revenue Falls as PC Demand Slows

The world’s largest PC maker by shipments said that although cost cuts helped it raise its net profit by 80% in the first quarter, revenue continued to fall due to slowing PC demand and currency fluctuations.

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Takata Explores Investment Possibilities With KKR, Others

A steering committee for Takata, the troubled Japanese air-bag maker, has interviewed several private-equity funds and companies, including U.S. investment fund KKR & Co., about a possible investment.

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Sears Eyes Outside Deals for Key Brands as Revenue Falls

Sears Holdings Corp. reported narrow improvement in its bottom line in the first quarter as the retailer trimmed expenses, though revenue continued to slide and margins contracted.

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BHP Billiton Digs In at Vast Australia Copper Mine

BHP Billiton executives aim to devise a way over the next year to boost copper output from Australia’s biggest underground mine by up to 40%, even before a proposed and long-awaited mega-expansion of its operations here.

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Pending Home Sales Climbed to Highest Level in 10 Years

The number of homes that went under contract in April climbed to the highest level in over 10 years, a sign the housing market is gaining traction and supported by steady job creation and historically low interest rates.

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G-7 Leaders Differ on Risks to Global Growth

Leaders of the Group of Seven leading industrialized nations talked Thursday about ways to stoke the global economy, but appeared to disagree on the risks to growth and exactly how to respond.

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Durable Goods Jumped 3.4%

Orders for long-lasting goods improved in April due to a surge in the volatile civilian-aircraft category, but underlying data shows still soft demand for other manufactured products.

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U.S. Jobless Claims Fall for Second Straight Week

The number of Americans applying for unemployment checks fell last week, suggesting employers continue to expand modestly and the labor market in the world’s largest economy remains strong.

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Iran's Oil Deals Hit Banking Snag

Even after the lifting of international sanctions against Iran, long-standing U.S. banking limitations are impeding the country’s oil resurgence by forcing energy companies to use small lenders or barter to get their deals done.

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Regeneron Named as Science Talent Search Sponsor

Regeneron Pharmaceuticals was selected as the new named sponsor of the Science Talent Search.

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Twitter Shifts Strategy on Commerce Ads

Twitter Inc. on Wednesday confirmed it is curtailing an advertisement effort that encouraged people to purchase products from merchants without leaving the social-media service.

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Exxon, Chevron Shareholders Reject Climate-Change Stress Tests

Shareholders at Exxon Mobil and Chevron narrowly voted down resolutions calling for stress tests to determine the risk that efforts to curb climate change pose to their businesses.

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Insurers Seek Big Premium Boosts

Big health plans stung by losses in the first few years of the U.S. health law’s implementation are seeking hefty premium increases for individual plans sold through insurance exchanges in more than a dozen states.

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Takata Will Restructure and Seek Cash Amid Air-Bag Recalls

Takata hired restructuring bankers to seek a cash infusion and negotiate with auto makers on mushrooming costs from rupture-prone air bags linked to 11 deaths and more than 100 injuries globally.

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Craving Growth, Walgreens Dismissed Its Doubts About Theranos

The drugstore chain made a blood-testing deal without fully validating the startup’s technology, worrying that Elizabeth Holmes might balk if Walgreens pushed too hard.

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HP Inc. Revenue Declines; Full-Year Guidance Cut

HP Inc. logged a steeper-than-expected sales drop and cut the high end of its yearly guidance, the latest signs of the tough market conditions facing traditional technology firms.

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Profiting from Politics Proves Challenging For Startups

Some of the top digital, fundraising and analytics companies on both sides of the U.S. political divide have tried to parlay their campaign skills into for-profit enterprises, but finding the right business model isn’t easy.

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Sovereign Default: It's Not Personal, Just Business

As countries like Greece and Puerto Rico grapple with heavy debts and struggling economies, there is a growing acceptance that restructuring of sovereign debt needs to be part of the solution, writes Greg Ip.

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House Committee Approves Puerto Rico Bill

A House committee advanced legislation to address Puerto Rico’s debt crisis with solid bipartisan support, a strong sign the bill could now advance quickly through Congress ahead of a potential default by the territory on July 1.

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IPO Hurdles Hurt China's Tech Startup Valuations

China Circuit columnist Li Yuan writes that Chinese entrepreneurs and investors fear that the government is now less open to startups going public domestically than it was a year ago.

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British Modeling Agencies Under U.K. Antitrust Fire

The beautiful world of British modeling agencies may have been up to some anticompetitive ugliness, the U.K.’s antitrust authority alleged Wednesday.

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Bayer Remedy for Monsanto Bid May Be Limited

While Bayer AG is considering how to respond to Monsanto Co.’s rejection of its $62 billion takeover bid, investors and analysts are questioning whether the German pharmaceutical and chemicals giant can up its offer.

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MSG, Las Vegas Sands Plan 17,500-Seat Concert Venue

Madison Square Garden and Las Vegas Sands plan to open a 400,000-square-foot, 17,500-seat concert venue on the Las Vegas Strip.

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Alibaba Discloses SEC Probe of Its Accounting Practices

Alibaba disclosed the U.S. Securities and Exchange Commission is investigating its accounting practices.

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India's Narendra Modi Defends Efforts to Shake Up Economy

Indian Prime Minister Narendra Modi took on critics who accuse him of failing to pursue “big bang” measures to revamp his economy, saying he has set a path for accelerated growth that India’s states now need to help navigate.

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Fed Survey Finds Improvement in Household Finances

Most Americans reported their household finances mildly improved last year, but nearly half said they would struggle to cover a $400 expense in an emergency, according to a Federal Reserve survey.

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IMF: No IMF Cash Now for Greece in Absence of Debt Relief

A senior International Monetary Fund official Wednesday said it can’t help Europe with fresh emergency financing for Greece because Athens’s creditors haven’t yet committed to detailed debt relief.

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Tiffany Sales Decline More Than Expected

Tiffany said its sales fell more than Wall Street had anticipated in the latest quarter and warned that earnings for the current period would be worse than it previously feared.

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Gawker Seeks to Have Hulk Hogan Judgment Reduced

Gawker Media says it hopes a Florida court will reduce a jury verdict against it in light of recent reports that claimed billionaire investor Peter Thiel provided the financial muscle behind Hulk Hogan’s invasion-of-privacy lawsuit.

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EU Could Force Netflix to Fund European Films

The European Unionproposed legal changes that could force Netflix and other online-video providers to help finance European-made films.

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Mitsubishi Motors Posts Loss Over Scandal, Warns on Costs

Mitsubishi Motors posted a $174 million special loss and warned that related costs could balloon further as it grapples with the fallout from a fuel economy testing scandal that has led to the resignation of its president.

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Shell to Lay Off Another 2,200 Staff

Shell plans at least another 2,200 job cuts this year in the face of low oil prices while integrating its recent acquisition of BG Group.

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Microsoft to Streamline Smartphone Business

Microsoft will lay off 1,850 workers and take an impairment and restructuring charge of approximately $950 million as it takes further step in dismantling the mobile-phone operations it acquired from Nokia.

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Chevron-led Consortium to Invest Up To $37 Billion in Kazakh Oil Field

Investment represents one of the first big commitments by a large oil company to spend on new crude production following a two-year-long slump in oil prices.

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M&S Earnings Tumble, Profit Warning Rattles Investors

British retailer reported a 19% drop in fiscal-year profit, warning that more investment to turn around its struggling clothing and home-products business would put a near-term squeeze on margins. M&S shares fell sharply at the London open.

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Toyota and Uber Reach Investment, Lease Partnership

Toyota said it had invested in Uber Technologies as part of a strategic alliance aimed at getting more drivers on the ride-hailing service.

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Huawei Sues Samsung Alleging Patent Infringement

Chinese telecommunications-equipment maker Huawei has filed a lawsuit in the U.S. alleging that Samsung infringed a number of patents covering mobile devices and cellular-communications technology.

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Terror Attacks, Air Crashes Weaken Appetite for European Travel

A spate of terror attacks and airliner disasters across Europe and its periphery is starting to catch up with the region’s travel industry.

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In Syria's Mangled Economy, Truckers Stitch Together Warring Regions

Trade between Islamic State, the Assad regime and others continues despite Syria’s war, leaving it to truck drivers to crisscross front lines delivering food, oil and appliances.

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Coca-Cola Makes Management Changes

Coca-Cola shook up its management, replacing the heads of its Asia and Africa businesses

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More Young Adults Living With Parents Than a Romantic Partner

For the first time in the modern era, young adults are more likely to live with their parents than with a spouse or partner, according to a new study by Pew Research Center.

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Chevron CEO: Climate Change Could Help Business

Chevron CEO John Watson has a blunt message for investors, climate activists and anyone else listening: Fossil fuels aren’t going away. But this stance increasingly sets him apart from his oil counterparts.

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SEC Reviewed Valeant's Use of 'Non-GAAP' Financial Measures

The SEC reviewed Valeant Pharmaceuticals’ use of adjusted “non-GAAP” financial measures, and criticized Valeant’s disclosures at one point as “potentially misleading,” according to documents.

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Intuit Profit Jumps

Intuit Inc., the maker of TurboTax software, on Tuesday reported better-than-expected results for its third quarter.

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Verizon CEO: Strike May Hit Results

Verizon Communications hinted on Tuesday that the continuing labor strike may impact its second-quarter results.

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House Passes Sweeping Chemical Safety Bill

U.S. House approved sweeping new chemical safety rules designed to overhaul federal regulation covering thousands of chemicals in daily use, a rare bipartisan action in a year when Congress is torn by presidential politics.

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Clash Over Car Mileage Targets Likely

U.S. regulators soon will kick off a review of future fuel-economy targets, intensifying a debate between auto executives and Washington over buyers’ willingness to pay for emissions-cutting technology.

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HP Enterprise to Spin Off, Merge Services Business

Hewlett Packard Enterprise plans to spin off its enterprise services business and merge it with Computer Sciences, creating a company with $26 billion in annual revenue.

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When the CEO Reports to Private-Equity Bosses

Executives can make their mark, and lots of money, by becoming CEO of a company owned by private-equity investors. But senior managers risk career derailment if they can’t handle the strict personal accountability, intense scrutiny and speedy decisions that private-equity firms often demand.

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Domino's Pizza Helped Cheat Workers Out of Pay, Suit Claims

In the latest dispute over the legal relationship between companies and their franchisees, New York’s attorney general claims in a lawsuit that Domino’s Pizza is responsible for its franchisees underpaying employees.

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Hyundai Plans Electric Car With 200 Miles of Range for 2018

Hyundai Motor Co. said it will follow its new electric car due later this year in the U.S. with another one in 2018 that has at least 200 miles of electric range.

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At Work

Whether their companies are successful or struggling, newly appointed chief executives behave in similar ways. Yet their decisions have different outcomes.

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Will Fannie and Freddie Need Another Bailout?

The core businesses of Fannie Mae and Freddie Mac are remarkably healthy. But an unusual confluence of factors all but guarantees that one or both of the mortgage giants will need another taxpayer bailout in the future.

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Monsanto Rejects Bayer Merger Bid, Will Weigh Talks

Monsanto rejected Bayer’s $62 billion takeover offer, saying the biotech seed giant’s business merited a higher price, though Monsanto said it remains open to further talks on a deal.

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EU Clears AB InBev's $108 Billion SABMiller Takeover

The European Union approved the huge beer deal on the condition that AB InBev shed almost all of SABMiller’s European assets.

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Australian Miners Have Sweet Spot in Beef

Australian resources companies have been struggling with falling metals and energy prices, but their beef-rearing operations have been doing well as meat prices soar.

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Fiat Chrysler Finds New Boss for Alfa Romeo, Maserati

Fiat Chrysler’s Harald Wester had stepped down as the head of Alfa Romeo and Maserati, the latest sign of how the automotive group is struggling to fire up its two premium brands.

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Google's French Headquarters Raided by Tax Investigators

Dozens of tax investigators raided Google’s French headquarters, part of a continuing probe into alleged tax evasion by the Internet giant, prosecutors said.

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Auto, Mortgage Delinquencies Climb in Energy Regions

The New York Fed’s quarterly report on household debt and credit found rising auto and mortgage delinquencies in the U.S. counties that had the highest employment in the oil and gas industry, even as the national picture continues its gradual improvement.

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Redstone Taps New Stewards

Sumner Redstone has made several appointments to the bodies responsible for overseeing his media empire, after dismissing top associates from those duties last week.

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Twitter Tweaks Will Make 140-Character Limit Roomier

Twitter Inc. is sticking with its signature 140-character limit, but the allotment will start to feel a bit longer soon.

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U.S. New-Home Sales Rise at Fastest Pace in Eight Years

Sales of newly built homes rose to the fastest pace in more than eight years in April while prices jumped, a sign of steady demand running up against limited supplies across the housing market.

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Best Buy Issues Soft Profit Outlook

Best Buy reported revenue for the latest quarter that fell less than analysts were expecting amid strong appliance sales, but issued a soft profit forecast for the current quarter and said its financial chief was stepping down next month.

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Startup Investors Invoke Obscure Law to Open Up Books

A Delaware corporate law, which can compel locally incorporated firms to open their books to shareholders, is a potentially valuable tool for thousands of tech workers and other small investors who now question their shares’ worth.

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Airbus Tackles Its Procrastination Problem

Airbus executives are trying to end what has become an unwanted annual rite: the plane maker’s scramble to hit its year-end jet-delivery promise.

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Sony Expects Deeper Loss for Image-Sensor Business

Sony says profits at its device unit will be hit by the impact of earthquakes in southern Japan, where its factory halted operations for several weeks.

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Facebook Shifts Topics Feature Amid Bias Fears

Facebook told a U.S. senator that an internal investigation had found “no evidence of systematic political bias” against conservatives in its trending topics tool, but that it will revamp how the feature works to minimize the potential effects of individual biases.

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Barington Capital to Start a Proxy Fight at Retailer Chico's

Chico’s faces the prospect of a proxy fight at its upcoming annual meeting, according to people familiar with the situation.

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U.S. Takeover Targets Wrest Fees, Guarantees From Chinese Suitors

Many American companies are wary of Chinese acquirers, with some demanding that they put money in escrow accounts or provide letters of credit to guarantee deal financing or payment of breakup fees.

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DuPont, Dow Chemical Detail Post-Merger Executive Roles

DuPont and Dow Chemical Co. provided more details about plans for the leadership team following the planned merger of the chemical giants, including leadership for the three businesses that eventually would be split off.

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Stanford Business School Names Jonathan Levin as New Dean

Stanford University’s business school named economist Jonathan Levin as its new dean, following a sex scandal that led to his predecessor’s resignation last fall.

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A Rare Look Inside China's Central Bank Shows Slackening Resolve to Revamp Yuan

Minutes of closed-door meetings show how leaders lost interest in making the yuan’s value more market-based, ditching changes announced in August.

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Telecoms Work on Response to Messaging Apps

Traditional texting is on the decline as consumers switch to messaging apps for texting and sharing of photos and videos. The global telecom industry is scrambling to come up with products and strategies to compete with popular apps such as Facebook’s WhatsApp and Apple’s iMessage.

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Spotify Revenue Rises in 2015, But Losses Grow

Spotify AB nearly doubled its revenue in 2015, but losses grew amid continued investment in international expansion.

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Samsung Targets U.S. Drug Market With Remicade Knockoff

Samsung Group said its near-replica of Johnson & Johnson’s blockbuster arthritis drug Remicade has been accepted for review by the U.S. Food and Drug Administration.

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Energy Future Contemplates Possible Competing Chapter 11 Plan

Energy Future Holdings Corp. is bracing to fend off a possible rival chapter 11 plan from an unnamed suitor for its Oncor electricity-transmissions business, a lawyer for the company, Marc Kieselstein, told a bankruptcy judge Monday.

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E-Sports Draws Mainstream Advertisers

Videogaming’s rapid shift from a living-room hobby to a spectator sport is luring mainstream advertisers and intensifying competition between big game publishers and nimble upstarts.

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Versace Appoints Jonathan Akeroyd as CEO

Italian fashion house Versace appointed Jonathan Akeroyd as its new chief executive, replacing Gian Giacomo Ferraris.

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Viacom CEO Files Suit to Block Changes to Redstone Trust

Viacom CEO Philippe Dauman and a board member have filed a lawsuit challenging their dismissals from the trust overseeing Sumner Redstone’s $40 billion media empire.

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New U.S. Tax Rules Scuttle CF-OCI Fertilizer Merger

CF Industries and OCI called off their planned $8 billion fertilizer merger, the latest multibillion-dollar transaction to fall foul of changes to U.S. tax rules designed to restrict so-called inversion deals.

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Tribune Publishing Rejects Gannett's Latest Offer

Tribune Publishing rejected a sweetened takeover offer from Gannett, insisting its turnaround plan is better than Gannett’s bid, and said a billionaire entrepreneur would take a $70 million stake in the company.

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Tencent in Talks With SoftBank to Buy Majority Stake in Supercell

China’s Tencent is in talks with SoftBank to buy the Japanese telecom’s majority stake in Supercell, a Finland-based maker of some of the world’s most popular mobile games.

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GE to Invest $1.4 Billion in Saudi Arabia

GE announced a raft of investments worth at least $1.4 billion in Saudi Arabia as the Persian Gulf kingdom seeks to reduce its oil dependence.

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Bayer Makes $62 Billion Bid for Monsanto

German pharmaceutical and chemicals giant Bayer said it made an all-cash offer to acquire U.S. agrochemicals company Monsanto for $62 billion, the largest foreign corporate takeover effort ever by a German company.

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Ryanair Sees Bumper Profits From Global Crude Slump

The budget carrier said full-year net income rose 43% thanks in part to a sharp drop in fuel costs, but forecast a more modest pace for earnings improvement.

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Why the Virtual-Reality Hype is About to Come Crashing Down

Virtual-reality headset makers say 2016 will be the year of VR. Content-creators, however, tell a different story. VR isn’t ready for prime time.

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Gannett Signals Bid for Tribune Hinges on Shareholder Support

Gannett is signaling it could abandon a bid to acquire Tribune Publishing if not enough Tribune shareholders indicate their support for the proposed takeover at the company’s annual meeting.

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Wearables at Work Pose Privacy Issues

What’s the best way for companies to handle data from employees’ wearable devices?

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Is It Time to Require Companies to Share Information About Cyberattacks?

Requiring companies to report data breaches might help strengthen cybersecurity for everyone. But if attacks and responses are kept secret, it may lead to quicker fixes and less reputational harm.

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A Saudi Arabian Financial Dispute Nears Resolution

A long-simmering financial dispute between two major Saudi Arabian business groups is inching closer to a resolution under a newly established court, one of the two parties forced into a $6 billion debt restructuring said.

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Tensions Boil Over in Redstone's Media Empire

Tension in Sumner Redstone’s $40 billion media empire erupted, as Viacom CEO Philippe Dauman and director George Abrams were told they were removed as stewards of the mogul’s Viacom and CBS stakes.

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Homeownership Elusive for Young Adults Without College Degrees

New research suggests that young people without a college diploma face especially big hurdles to owning a home, even when compared to college grads with student loans.

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Vin Scully's Sweet-Voiced Finale

Jason Gay talks to legendary Dodgers broadcaster Vin Scully as he approaches the end of a career that spanned nearly seven decades.

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New Chips Propel Machine Learning

Advances in microchips—particularly the graphics-processing units pioneered by Nvidia—are fueling growth in machine learning, a programming approach in which computers teach themselves without explicit instructions.

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Amtrak Trains Fight to Go First

Freight railroads are pushing a federal regulator to change a rule giving passenger trains priority over cargo trains. But Amtrak, whose long-haul national trains are chronically late, is fighting back.

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'Angry Birds' Nests at Top of Box Office

“The Angry Birds Movie,” adapted from the mobile game of the same name, collected an estimated $39 million in first place at the North American box office this weekend.

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Split Picture: U.S. Manufacturers That Sell at Home Fare Better Than Exporters

The fortunes of U.S. manufacturers are divided between those looking outward and those looking inward. Global companies are struggling with a strong dollar, reeling commodity markets and weak demand. But domestically oriented U.S. manufacturers are faring better, buoyed by the relatively brighter auto, housing and job markets.

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Criminal Trials of Former Health-Care Executives Set to Begin

Two criminal trials of former health-care executives set to begin in a Boston courthouse in the coming weeks illustrate what the federal government says is a new push to hold more individuals accountable for alleged corporate wrongdoing.

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China Mobile-Payment Battle Becomes a Free-for-All

Internet giant Alibaba’s Alipay has had a lock on China’s huge mobile-payment market, but now rival Tencent is leveraging its WeChat app to increase its slice, and foreign players including Apple and Samsung are jumping in.

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Global Economy Week Ahead: U.S. Trade, Eurozone PMI, Yellen Speaks

Comments from a round of Federal Reserve officials, along with U.S. trade data, could sway expectations for a June interest-rate increase, and in Japan, G-7 leaders will try to steer the global economy into safer waters.

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Temp-Worker Freeze Bodes Ill for Economy

One of the labor market’s early warning systems—the number of temporary jobs being created month to month—may be flashing trouble. Recent recessions have come after a peak in temp hirings, and a new post-recession peak appears to have been notched in December.

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Greece Set for Austerity Vote to Secure Bailout Cash

Greece’s parliament is expected to vote on a raft of fresh taxes and austerity reforms that the country must legislate to unlock further rescue loans, ahead of a crucial eurozone finance ministers meeting on Tuesday.

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Fed's Williams Says Election Won't Stay Central Bank's Hand

John Williams, president of the Federal Reserve Bank of San Francisco, said Sunday the presidential election wouldn't prevent the central bank from raising interest rates later this year.

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Anthem, Cigna Privately Bicker as They Seek Merger Approval

The two health-insurance companies are quarreling behind the scenes on several fronts, according to a series of letters reviewed by The Wall Street Journal.

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Monsanto Deal Would Put Bayer Deeper Into GMO Crops

Bayer’s proposed purchase of Monsanto would bring the German pharmaceutical giant deep into the lucrative but socially controversial business of genetically modified crops, paring the share of health care in its business.

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Exxon Faces Proxy Showdown

A resolution to allow investors greater say in the boardroom has a better chance of passing this year, following a significant shift by Exxon’s biggest institutional investor.

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Apple Appeal: Tim Cook Meets Modi in Bid to Woo India

Apple Chief Executive Tim Cook meeting with Indian Prime Minister Narendra Modi was the most high-profile engagement in a charm offensive targeting a crucial but challenging market for the company.

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Viacom CEO Says He Has Been Removed from Sumner Redstone's Trust

Viacom Inc. Chief Executive Philippe Dauman and Viacom board member George Abrams have been informed that they have been removed from the trust that will eventually control Sumner Redstone’s media empire, according to a spokesman for Mr. Dauman.

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HBO's Top Programmer to Exit

Mike Lombardo, the creative executive behind some of HBO’s biggest successes including “Game of Thrones,” is leaving the network by the end of this year.

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Google's Modular Phones to Go On Sale Next Year

Alphabet Inc.’s Google said it plans to start selling phones with modular, replaceable parts next year, two years later than initially planned.

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IBM Layoffs Continue

International Business Machines Corp. this week quietly laid off employees, continuing a wave of job cuts the company announced in April.

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Freeport-McMoRan Won't Take Oil-and-Gas Business Public

Freeport-McMoRan Inc., hard hit by the commodities-market rout, has formally canceled plans to take its oil-and-gas business public.

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Phoenix Brands Files for Bankruptcy Protection

Marketer of consumer products including Ajax, Fab and Rit files for bankruptcy court protection from creditors and puts its collection of household products on the auction block.

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Experts Urge U.S. Nuclear Plants to Implement Stricter Monitoring

U.S. nuclear facilities need more stringent measures in place to avoid fires or radioactive releases in the event of a terrorist attack or natural disaster, according to a new report from the National Academies of Sciences, Engineering and Medicine.

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Credit-Card Debt Nears $1 Trillion as Banks Push Plastic

Consumers are starting to rack up credit-card debt again, with balances nearing levels last seen before the financial crisis, as banks promote the cards and borrowers grow more comfortable carrying debt.

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GM Offers Cash or Extended Warranty Over Crossover Fuel Economy Labels

General Motors offered cash or an extended warranty to about 135,000 customers after discovering overstated mileage labels on large crossovers.

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A Mystery Deal in Canada Throws Spotlight on Anbang

Anbang Insurance‘s opaque deal-making style is now surfacing in Canada, in $744 million takeover agreement signed last week.

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China Drug Deal Will Slash Prices of Top Treatments

China said it would cut the prices of three top-selling drugs, including treatments from AstraZeneca and GlaxoSmithKline, by between as much as 67% as part of efforts to make innovative medicines more affordable.

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U.S. Existing-Home Sales Rose in April

Sales of existing homes rose in April for the second straight month, as housing demand firms alongside steady job growth and historically low interest rates.

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Deere Reports Less-Severe Sales Decline, Tops Expectations

Deere’s second-quarter sales decline wasn’t as steep as feared, resulting in earnings that topped expectations and a revenue forecast for the year that is slightly less dismal.

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Japan Vows Not to Devalue Yen

Japanese Finance Minister Taro Aso on Friday reiterated his country’s commitment to refraining from competitive currency devaluation during a meeting of the Group of Seven finance ministers and central bank chiefs.

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FDA Approves Controversial Changes to Nutrition Facts Panel

U.S. food regulators said they approved the most radical overhaul of nutrition policy in decades, putting sugar squarely in its crosshairs.

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Hapag-Lloyd's Merger Talks With UASC 'Will Bring Summer Marriage'

Merger talks between German container-shipping operator Hapag-Lloyd AG and Dubai-based rival United Arab Shipping Co. are progressing well, and the companies will likely combine by the end of the summer, two people involved in the matter said.

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Volkswagen Strikes Wage Deal With Union

Volkswagen said it has reached a wage agreement with the labor union representing around 120,000 workers in Germany.

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Cartier Parent Richemont Warns of Tough Months Ahead

Cie. Financière Richemont reported a rise in full-year profit but warned that conditions will be difficult for the luxury company in the months ahead.

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Yahoo Suitors Expected to Bid Below Past Indications

Verizon Communications Inc. and others are expected to bid around $2 billion to $3 billion in the auction for Yahoo Inc.’s core business, less than what the troubled Internet pioneer was expected to fetch, according to people familiar with the matter.

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Port of Portland Loses Last Container Ship Service

Withdrawal by Westwood Shipping Lines ends last direct route to Asia markets for Oregon exporters.

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IMAX Plans Foray Into Virtual Reality

IMAX, later this year, will begin launching virtual-reality experiences in locations such as multiplexes and malls. The plan comes as IMAX and Google announced plans to collaborate on a camera that will capture 360-degree images made to be experienced on VR headsets.

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LinkedIn 2012 Data Breach May Have Hit Over 100 Million

A 2012 data breach at LinkedIn Corp. may have been far worse than previously known, potentially affecting over 100 million members.

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Bayer's Monsanto Bid Faces Hurdles

Bayer’s offer to buy Monsanto, on the heels of two other giant agricultural deals, would put a significant share of the corn-seed and pesticide market in the hands of just three companies, raising concerns among U.S. farmers and legislators about more expensive products and fewer choices.

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Gap Warns of Earnings Shortfall

Gap, under pressure to turn around operations amid a prolonged sales slump, said it plans to close all its Old Navy stores in Japan and some Banana Republics mostly outside of North America.

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Google Bringing Android Apps to Chromebooks

Google’s Android and Chrome OS operating systems soon will run the same apps.

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Proposal for Big Soda Tax Debated in Philadelphia

The U.S. soda industry faces its biggest threat yet in Philadelphia, which is weighing a tax that could raise the price of a can of Coke or Pepsi by more than half and sharply curb consumption of sugary drinks.

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L Brands Hires Former Spanx CEO to Run Victoria's Secret

L Brands said its Victoria’s Secret brand would stop selling swimwear and that the company is bringing in a new executive to run its core lingerie business.

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U.S. and Japan Heading for Yen Standoff

A potential move by Tokyo to devalue the currency is sparking concerns that it could spur opponents of trade and hurt a fragile global economy.

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Phil Mickelson, Billy Walters and Other Players in the Dean Foods Insider-Trading Case

The investigation into possibly leaked information about Dean Foods includes former Dean Foods Chairman Thomas Davis, gambler Billy Walters and golfer Phil Mickelson.

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Shareholders Seek to Oust Two Exco Directors

Three of Exco Resources Inc.’s largest shareholders are seeking to oust two directors serving on a committee that is weighing bankruptcy and other strategic options for the struggling oil-and-gas producer, according to people familiar with the matter.

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Chinese Businessman Says He Paid $109 Million for U.K. Soccer Team

Recon Group, a holding company owned by businessman Tony Jiantong Xia, has bought newly relegated Birmingham soccer club Aston Villa for $109 million.

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Google Appeals French 'Right to Be Forgotten' Order

Alphabet’s Google argued that France risks upsetting international law and emboldening totalitarian censors by trying to force the search firm to broaden its application of Europe’s “right to be forgotten.”

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Republicans, Obama Administration Reach Agreement on Puerto Rico Bill

House Republicans reached an agreement with the Obama administration to provide Puerto Rico a path to restructure its $70 billion debt load, the first step toward ending its decadelong recession.

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Health Concerns Delay EU Vote on Monsanto's Roundup Weedkiller

European Union countries again delayed a vote on whether to renew the sales authorization of glyphosate, the active ingredient in Monsanto Co.’s popular weedkiller Roundup, amid conflicting scientific assessments on whether the substance causes cancer in humans.

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U.S. Unemployment Claims Fell Sharply Last Week

The number of Americans seeking unemployment benefits fell sharply last week, a sign layoffs are stabilizing after touching a 15-month high.

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Bayer Breaks With Caution in Monsanto Bid

Just over two weeks after taking over as chief executive of Bayer, Werner Baumann has initiated what could be the biggest foreign corporate takeover effort ever by a German company.

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Wal-Mart Cheers Investors With Surprise Revenue Growth

Wal-Mart posted surprise revenue growth in the first quarter and offered an upbeat view on the current period, underscoring that the company’s robust grocery business could help shield it from a difficult retail environment.

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GM Maven Car-Sharing Unit to Expand

General Motors Co. will expand its new car-sharing service to additional urban markets, the latest foray by the Detroit-based auto giant into alternative transportation options in cities where car ownership could be losing favor.

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Amid Turmoil, Broadcasters Bring Back Old Favorites

Betting on familiar brands is a way for broadcasters, buffeted by steadily declining ratings and stepped-up competition from cable networks and streaming services, to limit their risks in a tough environment.

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FMC Technologies, Technip Agree to $13 Billion Oil-Services Merger

FMC Technologies and French oil-services rival Technip said they would merge in a $13 billion deal, a sign of accelerating consolidation in the sector hit hard by spending cutbacks by large oil groups amid the recent slump in crude prices.

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Germany's Merck Lifted by Sigma-Aldrich Deal

German chemicals and pharmaceuticals group Merck’s first-quarter net profit more than doubled, helped in part by the integration of U.S. laboratory equipment maker Sigma-Aldrich.

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Population Surge in Cities Eases as Jobs Shift and Suburbs Call

Big cities across the U.S. are seeing their postrecession population surge slow as Americans uproot for new jobs and suburbs regain some of their appeal.

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Indonesian Carriers Face Penalties After Airport Mistakes

Lion Air and Indonesia Air Asia will have ground-handling operations suspended at two major airports after delivering international passengers to domestic terminals.

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Bayer Makes Takeover Approach to Monsanto

Bayer AG has approached Monsanto Co. about a takeover that would fuse two of the world’s largest suppliers of crop seeds and pesticides, according to people familiar with the matter.

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EPA Proposes Requiring More Ethanol in Gasoline in 2017

Federal regulators have proposed raising the amount of ethanol refineries must blend into the nation’s gasoline supply next year, though the amount is still well short of a target set by federal law.

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Businesses Assess Effects of New Overtime-Pay Rule

Employers preparing for a new federal overtime-pay regulation say the change will lead them to slow hiring, reduce workers’ hours and cut pay, bonuses and benefits.

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Theranos Voids Two Years of Edison Blood-Test Results

Company led by Elizabeth Holmes has told regulators that all Edison results from 2014 and 2015 were canceled. Theranos has issued tens of thousands of corrected blood-test reports to patients and doctors.

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Fewer Investors Pay Dividend Taxes

A new study showing that a shrinking fraction of shareholders of U.S. corporations pay taxes on dividends is bolstering a drive to revamp the corporate tax system.

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'Here, Quokka Quokka': Selfie Collectors Descend on Australia's Cutest Marsupials

Nabbing a hot ‘quokkaselfie’ for social media puts pressure on the button-nose quokka, with some tourists on a remote island in Western Australia luring the rare species into frame with food scraps.

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CBS to Double Down on Comedies for Fall TV Season

CBS will unveil a new TV schedule to advertisers Wednesday afternoon that is heavy on comedy, with three new sitcoms featuring the likes of Kevin James and Matt LeBlanc set to premiere in the fall.

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Second-Largest Tribune Shareholder Urges Talks With Gannett

Tribune Publishing Co.’s second-largest shareholder urged the board to engage “immediately” in talks with Gannett Co. after it raised its unsolicited takeover offer to about $475 million earlier this week.

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GM Prepares Consumer Compensation for Misstated Fuel Economy

General Motors Co. is in the final stages of preparing a program to compensate more than 130,000 owners of large crossover vehicles with misstated fuel-economy labels, said a person familiar with the matter

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Study Projects TPP Will Provide Modest Gains for U.S. Economy

President Obama’s signature Pacific trade agreement, which has come under intense fire in the 2016 election, would boost American agriculture and the services sector that dominates the U.S. economy but weigh on manufacturing, a nonpartisan government agency said Wednesday.

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Bad Weather Is Less Likely to Strand You at the Airport

Airlines are using new computer systems to rebook passengers; Delta’s ”Viper,” Southwest’s “the Baker” and others give travelers choices for new flights, tap unpublished routes.

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GOP Near Agreement With Treasury on Puerto Rico Bill

House Republicans are close to finalizing an agreement with the Obama administration on legislation to provide Puerto Rico a path to restructure its $70 billion debt load.

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Tesla Plans to Sell $2 Billion of Stock

Tesla Motors Inc. on Wednesday said it would sell $2 billion in stock to ramp up production of its latest Model 3 electric vehicle and cover tax obligations for Chief Executive Elon Musk.

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New Hope for Melanoma Patients

A new study reinforces the potential of a new class of expensive immune-boosting drugs to prolong the lives of people with a deadly form of skin cancer.

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Cisco Gives Solid Outlook, Though Profit Edges Lower

Cisco posted a 3.6% drop in net income, but adjusted profit came in better than analysts expected and the network-gear maker gave a rosy outlook for the current quarter.

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GE's Jeff Immelt Sees Improving Growth in Second Half of 2016

General Electric Co. Chief Executive Jeff Immelt said he is optimistic about the second half of the year, even as the company struggles with weak oil prices and sluggish economic growth.

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Viacom to Stop Paying Sumner Redstone, Source Says

The Viacom board of directors voted to stop paying 92-year-old controlling shareholder and Chairman Emeritus Sumner Redstone, according to a person familiar with the matter, in the wake of a legal fight that raised questions about his mental capacity.

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Google's New Products Reflect Push Into Machine Learning

Google revealed new products and software that use machine learning to help users better perform simple tasks, access information and entertainment, and communicate with others.

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Fed Minutes: Officials Keep Open Possibility of June Rate Increase

Federal Reserve officials said an interest-rate increase in June was possible if incoming data showed an improving economy, and sought to push back against market expectations that a move at its next meeting was unlikely, minutes from the Fed’s April meeting show.

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Cisco Systems Earnings: What to Watch

Cisco Systems is scheduled to report results for the quarter ended April 30 after the market closes Wednesday. Here is what you need to know.

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The U.S. Critique of Germany Is Misguided

The U.S. Treasury thinks Germany should fix its huge current-account surplus by running a larger deficit. But that prescription makes no sense for Germany, writes WSJ chief economics commentator Greg Ip, because the problem is in the private sector.

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Federal Laws Sought for Driverless Cars

A group of business and former military leaders wants to limit states’ ability to regulate driverless cars, calling for sweeping federal legislation to avoid a patchwork of rules they believe could hinder adoption of the technologically advanced vehicles.

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Tencent Warns of Challenges to Ad Business, Despite Strong Results

The Chinese Internet giant warned of possible challenges to its advertising business due to China’s economic slowdown, despite posting strong earnings growth thanks to solid revenue from mobile games and advertising.

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China Is Largest, Fastest-Growing Market for Industrial Robots

Chinese home-appliance maker Midea Group’s planned $5 billion takeover bid for Kuka of Germany is the latest example of China’s voracious appetite for industrial robots.

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China Plans to Get Tough on Corporate Tax Evasion

China is joining an international effort to tackle tax evasion, with plans to require multinationals to disclose more detailed information on their overseas affiliates.

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Mitsubishi Motors President to Resign for Fuel Scandal

A fuel-economy rigging scandal broadened in Japan after Mitsubishi Motors said its president would resign to take responsibility for overstating mileage in some cars and Suzuki Motor admitted to improperly testing its vehicles.

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Target Gives Weak Forecast

Slower digital sales growth weighed on Target’s first-quarter results, the latest sign that retailers’ ability to grab online shoppers is increasingly determining their fortunes.

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Nokia to Return to Cellphones Via Licensing Pact

Nokia Corp., the Finnish company that once dominated the cellphone industry, is planning a comeback through a licensing pact.

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Prosperity on the Horizon as Luxury Sea Travel Surges

Luxury sea travel presents significant opportunities, a senior cruise executive said, as more people choose cruise ships over traditional vacation travel.

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Nonprofit Hospitals Adjust to Attract Investors

More nonprofits are starting to resemble big business. In health care, recent consolidation has created large organizations that increasingly are pressed to become more transparent in an effort to attract investors to ensure they get the best borrowing rates.

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Lowe's Top Views on Comparable Sales Growth

Lowe’s reported a strong earnings beat in the latest quarter and lifted its guidance for the year as the home-improvement retailer logged impressive growth in comparable sales.

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Florida Town Buzzing Over Biotech Mosquito for Zika Defense

Tiny Key Haven, Fla, isn’t sure it wants to be the test site for a genetically modified mosquito meant to slow the spread of the Zika virus.

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China's Midea Group Announces Bid for Germany's Kuka

The deal, which values the industrial robot maker at more than $5 billion, is one of the largest unsolicited approaches of a foreign company by a Chinese buyer.

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Burberry Battles Slump With Cost-Cutting, Share Buyback

Burberry announced a cost-cutting program and share buyback as it reported an 8% fall in full-year profits and warned that results would remain under pressure.

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Airline Trade Group Forecasts Record U.S. Carrier Passenger Numbers This Summer

An estimated 231.1 million passengers are expected to fly on U.S. airlines between June 1 and Aug. 31, a 4% increase over the previous high set last summer, according to Airlines for America, the leading trade group.

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Suzuki Shares Skid on Improper Fuel-Economy Tests

Shares in Suzuki Motor plunged on news the auto maker used an improper testing method to measure fuel-economy data for some cars it sold in Japan.

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Qatar Airways Raises Stake in IAG

Qatar Airways said it had raised its stake in British Airways parent International Consolidated Airlines Group and would consider becoming an even larger investor in the European airline.

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UPS Boosts Commitment to 3-D On-Demand Printing

United Parcel Service is stepping up its entry into the 3-D on-demand printing market, linking its network of printers and joining forces with software provider SAP to create an end-to-end industrial manufacturing process.

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Japan's Economy Rebounds Sharply

Japan’s economy rebounded more than expected during the first quarter as domestic, overseas demand improved

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Starbucks App Spoils the Pun of Serving Up the Rong Gname

Customers pine for the quaint old days when baristas scrawled ‘Rogue’ for ‘Roque’ or ‘Erin’ for ‘Aaron’

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Details Released in Staples Antitrust Case

Failed merger partners Staples and Office Depot lost on all of the critical issues in their court battle with government antitrust enforcers, court records released on Tuesday show.

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Monsanto Raises Stakes in Royalty Fight With Argentina

Monsanto raised the stakes in its dispute with Argentina over royalties for genetically modified seeds, canceling plans to sell one soybean type and warning it may withdraw others.

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Soda Industry Fails to Stop San Francisco Law Targeting Sugar

San Francisco is set to become the first U.S. city to require health warnings on advertisements for soda and other sugar-added drinks after the beverage industry failed Tuesday to get a court order to stop it.

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Fed Officials Flag Potential for June Rate Hike

Three influential Federal Reserve officials said the central bank could raise short-term interest rates at its meeting next month, pushing back against investors who put low odds on such a move.

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Trump to Release Plan to Dismantle Most of Dodd-Frank

Donald Trump, the presumptive Republican presidential nominee, said he intends to release a detailed economic policy platform in two weeks that would dismantle nearly all of the 2010 Dodd-Frank law, he said in an interview Tuesday with Reuters.

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Amazon Plans More Stores, Bulked-Up Prime Services

Amazon.com Chief Executive Jeff Bezos on Tuesday promised more retail stores as well as new services for the company’s Prime unlimited shipping membership.

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Philip Falcone's HC2 Makes $1 Billion Offer for Andersons

Former hedge-fund manager Philip Falcone’s HC2 Holdings Inc. has made a bid to buy agricultural company Andersons Inc. for about $1 billion in cash.

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Peabody Energy Gets Court Approval For Bankruptcy Financing

Peabody Energy won final bankruptcy-court approval for an $800 million financing package after existing lenders made concessions to appease creditors.

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Insurer Highmark Sues U.S. Over Affordable Care Act

Major insurer Highmark Inc. is suing the federal government, arguing it is owed money under the Affordable Care Act, a move that opens yet another front in the ongoing legal battles over the 2010 health law.

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Shale Drillers' Key to Survival: Efficiency

As the number of failed operators in North Dakota’s Bakken Shale play mounts, the surviving companies are laying the groundwork for what they forecast will be an era of slower but steadier growth.

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Novartis to Split Drug Division

Novartis AG said its head of pharmaceuticals, David Epstein, is to leave the company amid a restructuring that will divide his role in two.

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Apple Looks to India for Growth

Apple hopes India will be its next China—a large, developing economy where rapid growth is making once-unaffordable Apple devices attainable luxuries. The reality is much tougher.

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Helping Bosses Decode Millennials---for $20,000 an Hour

Millennial issues have become a source of income for a host of self-anointed experts who say they can interpret young workers’ whims and aspirations.

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U.S. Economy Warms Up After Winter's Chill

Economic gauges released Tuesday showed a pickup in industrial output, continued momentum in the housing sector and firming inflation all pointing to stronger—though still unspectacular—growth in the second quarter.

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China's Midea Group to Disclose Bid for Germany's Kuka

China’s appliances maker Midea Group is close to announcing a takeover offer for Kuka AG, according to people familiar with the matter, a move that could become one of the largest unsolicited approaches of a foreign company by a Chinese buyer.

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Google Challenges South Korea Over Mapping Restrictions

Alphabet subsidiary Google is challenging the South Korean government over restrictions to Google’s mapping services in the country, in a rare public disagreement over policy.

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Plains All American, Employee Face Charges in Spill

Plains All American Pipeline said the company and one of its employees were indicted in the failure of an onshore California crude pipeline last year.

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Patent Office to Review a Regimen of AbbVie's Humira

Federal regulators agreed to review a key patent for Humira, sending shares of the anti-inflammatory drug’s maker, AbbVie, lower while lifting those of hopeful rival Coherus BioSciences.

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Women in Elite Jobs Face Stubborn Pay Gap

Gender disparities in income are greater in many white-collar U.S. professions than blue-collar, a Wall Street Journal examination found, and don’t lend themselves to legislative remedies.

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Obama Administration Set to Extend Overtime Pay to Millions

Millions more Americans will qualify for overtime pay under a final Labor Department regulation expected out Wednesday, in what could be President Barack Obama’s last big push to try to shore up workers’ wages.

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Fed's Williams: Raising Rates 2 or 3 Times This Year 'Makes Sense'

San Francisco Fed President John Williams said it still “makes sense” for the central bank to raise rates two or three times this year given continued moderate U.S. economic growth and low unemployment.

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Yellen to Speak in Philadelphia in Early June

Federal Reserve Chairwoman Janet Yellen will speak June 6 before the World Affairs Council of Philadelphia, a Fed spokesman confirmed.

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U.S. Industrial Production Rebounded In April

U.S. industries boosted production last month at the fastest rate in more than a year, as a return to normal weather and higher sales set up the world’s largest economy for a rebound this spring.

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U.S. Consumer Prices Rose 0.4% in April

U.S. consumer prices rose in April at the fastest pace in more than three years as gasoline prices jumped, a sign that the damping effect on inflation of falling oil prices may be fading.

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U.S. Housing Starts Rose in April

Home building in the U.S. rebounded in April, a sign the housing recovery could be finding traction after a slow first quarter.

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HP Looks to Make Its Mark in 3-D Printing

HP is set to unveil new details on its development effort applying conventional printer technology to fabricate physical objects, as the company bets on 3-D printing to build its reputation for innovation.

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AstraZeneca Asthma Drug Shows Positive Results

AstraZeneca reported positive results from two late-stage studies on a severe asthma treatment that it hopes will grab market share in an increasingly competitive area.

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Amazon Wants Alexa to Take Control of Your Smart Home

Amazon has set its sights on an automated, voice-controlled world, with the help of Alexa, a robotic voice assistant.

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Home Depot Boosts Guidance on Strong Same-Store Sales

Home Depot continued to buck larger retail trends in reporting earnings well above expectations on strong sales in a more favorable economy.

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Vodafone Posts Full-Year Organic Revenue, Profit Growth

Vodafone Group reported full-year organic growth in both revenue and core earnings for the first time since 2008, but said it would spend more than previously indicated in the current fiscal year to improve its networks.

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Canada Wildfire Prompts New Evacuation of Oil-Sands Workers

Uncontrolled forest fires forced the evacuation of some 8,000 oil-sands workers, nearly two weeks after more than 80,000 other people fled blazes that destroyed part of a nearby town in Western Canada’s Alberta province.

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Autonomous-Driving Startup Takes Aim at Heavy Trucks

An engineer who helped spearhead the self-driving Google car project has quietly launched a Silicon Valley startup that plans to retrofit tractor trailers with autonomous-driving technology.

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Corvex Calls for Pandora to Consider Sale

Activist investment firm Corvex Management LP disclosed a stake in Pandora Inc., expressing concern about its stock price and calling for the Internet radio company to consider a sale.

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Facebook to Sell Video Ads on Behalf of Other Firms

Facebook is now selling video ads on behalf of other companies, a move that could prove lucrative and intensify its competition with Google and other online-ad specialists.

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Corporate Excuses Abound in Tough Times

When hard pressed on pointed questions, particularly from investors, executives frequently respond with answers that are least likely to cause concern.

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Scotch Whisky Exports Decline Slowed in 2015

Scotch whisky exports continued to fall last year, but at a slower pace than before as the industry shows signs of recovery.

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Starbucks to Raise $500 Million in Sustainability Bond

Starbucks Corp. said it plans to raise $500 million to pay for so-called sustainable projects, including support programs for farmers in coffee-growing regions.

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Facebook's Mark Zuckerberg to Meet With Conservatives

Facebook Inc. Chief Executive Mark Zuckerberg will meet with about 15 prominent conservatives Wednesday as part of an effort to allay fears that the social network suppressed conservative news.

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Proton-Beam Therapy for Cancer Gets Renewed Attention

Proton-beam therapy is a form of cancer radiotherapy that has been around since the 1980s but which has seen muted demand because of its high cost. There is new interest in this technology as companies introduce compact centers that cost much less to install.

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Alphabet Unveils Program for Carpooling Via App

Google parent Alphabet is pushing into the rapidly expanding ride-sharing business with a new app that lets commuters carpool together, further fraying its ties with Uber.

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Gannett Boosts Tribune Bid, Showing CEO Dickey's Aggressive Approach

A newfound aggressiveness has become the hallmark for Gannett, which on Monday boosted its bid for Tribune to about $475 million, plus the assumption of debt. Gannett, the publisher of USA Today, has been transformed under CEO Bob Dickey into a rapacious acquirer of vulnerable rivals.

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Hugo Boss Names Mark Langer CEO

German fashion retailer Hugo Boss will have a new chief executive when it holds its annual shareholder meeting Thursday, after a subcommittee of its supervisory board on Monday proposed Chief Financial Officer Mark Langer to the post.

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Hollywood Eyes Documentary Remakes for the Big Screen

While Hollywood has mined comic books and newspaper articles for inspiration for years, it has started looking at movies themselves, and a market has cropped up at major film festivals for the rights to turn buzzy documentaries into big-screen features.

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Delta Raises Dividend, Plans Wrap Up of Repurchase Program

Delta Air Lines Inc., the nation’s No. 2 airline by traffic, said it would boost its annual dividend and finish off a $5 billion stock-buyback program in May of next year.

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NAHB Index Unchanged, Pointing to Steady Housing Growth

A gauge of home-builder sentiment was unchanged in May— coming in at 58 for the fourth straight month—in a sign of steady growth for the housing market.

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SandRidge Energy Files for Bankruptcy

SandRidge Energy filed for bankruptcy protection after reaching a deal with its creditors to swap $3.7 billion in debt for control of the oil and gas company.

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Valeant Outlines Heart Drug Discounts After Heavy Scrutiny

Valeant said Monday that it would expand discounts for a pair of its heart drugs following heavy scrutiny over its pricing tactics.

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Gannett Raises Bid for Tribune Publishing

Gannett raised its all-cash offer for Tribune Publishing Co. to about $475 million, two weeks after Tribune’s board rejected a lower bid.

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