Zenefits Investors Cut Valuation by Half

Embattled health-benefits broker Zenefits on Thursday said it struck a deal with some investors to cut its valuation by more than half to $2 billion, giving them additional shares in exchange for releasing the company of potential legal claims.

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Boeing Advancing Toward Developing New Midsize Jetliner

After a year of meetings with potential customers, Boeing is advancing toward developing an all-new jetliner with up to 270 seats that would target mid-range flights of up to 10 hours.

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Chipotle Executive Involved in New York Cocaine Bust

Efforts to regain customer trust at Chipotle Mexican Grill Inc. could suffer a setback as the restaurant chain has put its top marketing executive on administrative leave after Manhattan prosecutors unveiled an indictment involving the executive and a cocaine drug ring.

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Jury: Oracle Should Pay $3 Billion to HP Enterprise

A jury in Silicon Valley on Thursday delivered a resounding victory to Hewlett Packard Enterprise Co., finding that Oracle Corp. should pay the computer maker $3 billion in damages—the full amount it sought—for actions that contributed to the decline of a once-lucrative line of high-end computers.

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Google Makes Slow Progress in Diversifying Its Workforce

Google made slow progress last year in its mission to diversify its workforce, which is largely made up of white and Asian men.

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Apple in Talks to Acquire Jay Z's Tidal Music Service

Apple Inc. is in exploratory talks to acquire Tidal, a streaming-music service run by rap mogul Jay Z, according to people familiar with the matter.

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Nearly Half of Williams Directors Resign

Nearly half of the directors of Williams Cos. resigned Thursday after they failed to oust the company’s chief executive following its collapsed merger with Energy Transfer Equity LP, according to people familiar with the matter.

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Judge Hears Arguments in Viacom CEO's Suit Against Redstone

A Massachusetts judge Thursday got more than an earful about Sumner Redstone’s health and estate planning as he weighs whether to dismiss a suit claiming the 93-year-old media mogul can’t make reasoned decisions.

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Nike Co-Founder Officially Retires as Chairman

Nike said co-founder Phil Knight officially has retired as the athletic-gear giant’s chairman, turning over the position to CEO Mark Parker and bringing to a close an executive transition begun a year ago.

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Tesla Draws Scrutiny After Autopilot Feature Linked to a Death

U.S. auto-safety regulators are investigating Tesla Motors’s autopilot feature after a motorist using the system died in Florida, ratcheting up scrutiny of the Silicon Valley electric-vehicle company’s highly-touted technology and driverless cars more broadly.

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Exporters Wary as Shipping Safety Rule Kicks In

Starting Friday, exporters will need to weigh containers before they’re loaded onto ships, a requirement some say will lead to delays at ports around the world

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P&G Overhauls Bonus System for Managers

Procter & Gamble is overhauling its incentive system for managers as part of an effort by Chief Executive David Taylor to cut through the company’s bureaucratic morass and jump-start sales growth.

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Birmingham Fast-Food Workers Expand Civil Rights Wage Suit

Fast-food workers and civil rights groups in Birmingham, Ala., are expanding their constitutional challenge to a recent state law that prohibits cities from setting their own higher minimum wages by adding more participants and a voting-rights claim to bolster their original lawsuit.

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California Attorney General Investigating Major Oil Refiners

California’s attorney general has issued subpoenas to major oil refiners as part of an investigation into whether the companies artificially raised retail gasoline prices in the state, according to people familiar with the matter

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UPS, Pilots Agree to New Tentative Five-Year Labor Contract

United Parcel Service and its pilots have agreed to a new tentative five-year labor contract, ending nearly five years of negotiations.

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Hertz Offering Special Rental Rates to Uber Drivers

Hertz said it will provide special rental rates to drivers working for Uber and Lyft, a move designed to bolster its presence in the ride-sharing industry.

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IMF Urges Policy Makers to Prepare Brexit Contingency Plans

Brexit-fueled uncertainty is the biggest risk to the global economy as financial market tremors from the U.K.’s decision to exit the EU could further shake the world, the International Monetary Fund warned.

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U.S. Jobless Claims Rose by 10,000 Last Week

The number of Americans filing new applications for jobless benefits rose last week, but remained at a historically low level consistent with ongoing job growth.

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Mondelez Makes Takeover Bid for Hershey

Mondelez made a bid to buy chocolate giant Hershey in what would be a blockbuster deal uniting two of the world’s best-known candy makers.

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Darden's Profit Climbs But Gives Downbeat View

Darden Restaurants said its profit climbed 33% in the latest period as same-store sales rose, but the company gave a soft forecast for earnings in its new year.

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Canon, Toshiba Chided by Regulators Over $6.5 Billion Deal

Japanese regulators warned Canon that the way it acquired Toshiba’s medical-systems unit potentially violated the law, but said the deal can go ahead.

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Microsoft CEO Signs Book Deal

Microsoft CEO Satya Nadella has signed a deal to write his first book. “Hit Refresh” will focus, in part, on his journey leading Microsoft through the transition from troubled tech giant to industry thought leader.

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U.K.'s EU Exit Poses Data-Protection Dilemma

Brexit risks stripping companies of their ability to freely store information about EU residents on British soil, potentially creating a new barrier to trade in the region.

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Lions Gate Agrees to Buy Starz in $4.4 Billion Deal

Lions Gate agreed to acquire Starz in a cash-and-stock deal, valued at $4.4 billion, that combines the maker of “Hunger Games” movies with the operator of pay-TV networks.

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Britain Delays Airport Expansion Decision After Brexit Vote

The U.K. government has again postponed a decision on how to address a looming airport capacity shortage for the country’s capital, with a verdict now pushed back at least another four months.

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EU Opens Probe Into Anheuser-Busch InBev's Trade in Belgian Beer Market

The European Union opened a formal antitrust probe into Anheuser-Busch InBev’s practices on the Belgian beer market, citing concerns it may be hindering imports of its beer from less expensive markets in neighboring countries.

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Exxon Touts Carbon Tax to Oil Industry

Exxon is ramping up its lobbying of other energy companies to support a carbon tax, marking a shift in the oil giant’s approach to climate change as the industry faces growing pressure to address the politically charged issue.

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Airbus and Safran Strike Deal on European Rocket Joint Venture

Airbus and Safran have been long-term partners in developing and building Europe’s Ariane 5 space launcher and are pooling assets in the face of increasing competition.

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South Africa Clears Anheuser-Busch InBev's Purchase of SABMiller

Anheuser-Busch InBev’s roughly $108 billion deal to buy SABMiller PLC has been cleared by regulators in South Africa, with the world’s largest brewer saying it is “well on track” to close the acquisition in the second half of this year.

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Amazon Gets Back in the Phone Business

Amazon is back in the smartphone business, selling two Android smartphones, one for just $50, subsidized by Amazon ads.

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Nielsen Unveils Streaming Ratings for 'Orange is the New Black,' 'Seinfeld'

Nielsen unveiled its first findings on viewership of TV shows on streaming services, according to a presentation the measurement specialist gave to clients that was reviewed by The Wall Street Journal.

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Airbnb Plans Dual Stock Sales to Push Off IPO

Airbnb lined up investors for a new funding round and an employee stock sale that values the room-rental website at up to $30 billion and helps defer an initial public offering, said people familiar with the matter.

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FCC Acquires Large Swath of TV Airwaves in Auction

The Federal Communications Commission said it acquired $86.4 billion worth of wireless airwaves from television broadcasters in the first phase of a complex auction, an effort designed to free up TV spectrum for cellular use.

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U.K. Tax Code Could Entice Companies

While some companies consider moving operations from the United Kingdom after its expected exit from the European Union, the U.K. could use its tax code to attract businesses.

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Wal-Mart Expands Free Two-Day Shipping

Wal-Mart is stepping up its battle with Amazon.com, expanding a free two-day shipping program and seeking to list even more items on its website

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DB Schenker Signs on With uShip Online Freight Platform

The German logistics firm, under pressure to offer convenient freight booking, will use uShip’s technology to pair shippers with trucking companies in Europe

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Bombardier Delivers First CSeries Jet as It Takes on Boeing, Airbus

Bombardier Inc. on Wednesday delivered its first CSeries jet to launch operator Swiss International Air Lines, marking the company’s emergence as a direct competitor to the big U.S. and European plane makers.

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Crystal Pepsi Is Returning to Store Shelves

PepsiCo is bringing back Crystal Pepsi, the colorless cola that was launched in 1992 with great fanfare before sales quickly fizzled.

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Tiny Company Hits King-Size Diamond Jackpot

Canadian company Lucara Diamond has become the world’s biggest producer of large diamonds. It tried to sell the world’s second-largest diamond ever mined at a London auction.

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Massachusetts Court to Hear Next Chapter in Redstone Saga

A Massachusetts court is preparing for a hearing Thursday in the latest chapter of the legal battle surrounding media mogul Sumner Redstone.

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United Continental Flight Attendant Leaders Endorse Tentative Deal

The elected leaders representing 25,000 flight attendants at United Continental Holdings Inc. unanimously agreed to put a tentative contract agreement to a membership vote later this year, the union said.

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GM's U.S. Market Share Shrinks as Auto Sales Peak

U.S. market share for the nation’s largest car maker has tumbled to a more than three decade low amid strong demand as its dealers say they are saddled with too many cars and too few pickups and SUVs.

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What Really Drives Anti-Immigration Feelings

Current anti-immigration rhetoric blames the foreign-born for job losses and low wages. But evidence for a link between economic circumstances and public acceptance of immigrants is weak,suggesting ways to counter populist opposition, Greg Ip writes.

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How the 'Bralette' Has Upended Victoria's Secret

Victoria’s Secret has a problem and it’s not much of a secret: athleisure is upending the bra business.

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AstroTurf Files for Bankruptcy

AstroTurf LLC filed for bankruptcy protection after a $30 million loss in a patent fight with France’s Tarkett, which makes the rival FieldTurf synthetic-grass product.

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Puerto Rico's Rapid Population Loss Deepens Economic Crisis

Puerto Rico has suffered a 9% population decline in the past decade, worsening the island’s debt crisis and challenging the survival of its hospitals and health-care system.

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As State Control Stiffens, Journalists Move On

Columnist Li Yuan says many Chinese journalists are leaving the trade as the state tightens media control and a tech boom opens new opportunities.

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General Mills Revenue Falls, But Less Than Expected

General Mills said sales slid in its latest quarter as domestic demand shrank, a strong dollar hurt international sales and the company shed its Green Giant vegetable business. But it still beat Wall Street estimates.

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U.S. Pending Home Sales Fell 3.7% in May

A gauge of upcoming home sales slid in May, a possible sign of slowing in the U.S. housing market heading into the summer months.

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Energy Transfer Equity Calls Off Williams Merger

Energy Transfer Equity LP said that it had terminated its merger agreement with rival pipeline operator Williams Cos. that had been valued at nearly $33 billion.

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Facebook to Give Friends' Posts More Weight

Facebook Inc. shed new light on how it determines what its 1.65 billion users see each time they sign on, in its latest effort to demystify its inner workings.

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Monsanto Mum on Bayer Deal as Profit, Sales Slip

Monsanto said its earnings fell more than Wall Street expected amid an unforeseen level of challenges.

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Alcoa Details Plans to Split

Alcoa provided details of its plans to separate its more-profitable assets focused on the aerospace and automobile industries from its less-promising mining, refining and smelting business.

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U.S. Consumer Spending Rose 0.4% in May

Consumer spending climbed in May, suggesting a key pillar of the U.S. economy has bounced back after a lackluster start to the year.

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Windows 10 Adoption Grows as Microsoft Promotes Operating System

More than 350 million devices now run Windows 10, as Microsoft’s campaign to promote the latest version of its flagship operating system builds steam.

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Toyota Recalls 1.4 Million Vehicles for Another Air-Bag Issue

The latest recall by the world’s largest auto maker isn’t related to faulty air-bag inflaters made by Japan’s Takata that have prompted widespread safety actions.

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How a Cooler Car Lifts Mileage Ratings

As federal regulators gear up to review coming U.S. fuel-economy standards, the auto industry is pushing to expand emissions credits for things like greener air conditioning to brakes, wiring and other parts.

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Adidas Bets on Expanded Partnership With Kanye West

Adidas is expected to announce Wednesday that it is expanding its partnership with Kanye West to include performance gear and a new line of co-branded retail stores.

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Uber's App Will Soon Begin Tracking Driving Behavior

Uber Technologies has developed new technology to track when drivers of the ride-hailing app go too fast, cut corners or brake harshly by monitoring the sensors in their smartphones.

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Wal-Mart Deal With JD.com Includes Incentives for Retailer to Raise Stake

Wal-Mart’s deal to buy a 5% stake in JD.com includes terms that could motivate the American retailer to increase its investment.

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EU to Review Bayer, Monsanto Deal

The European Union’s antitrust agency signaled it would conduct a strict review of Bayer pending $62 billion purchase of Monsanto and similar mergers by rivals.

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U.K. Auto Makers Plead For Single-Market Access

Car makers in Britain are sticking to their business plans despite the country’s referendum last week to exit the EU though they pleaded for the U.K. to keep its access to the European single market.

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Sony's PlayStation 4 Sales Help Keep Profit Target Within Reach

Sony warned of a further decline in image-sensor sales as demand wanes from high-end smartphone makers including Apple, but the company said it would hit its profit target thanks to growth in videogames.

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NASA Watchdog Criticizes Probe Into Failed SpaceX Rocket Launch

NASA failed to follow its general policies and opened the door to “questions about inherent conflicts of interest” by allowing Space Exploration Technologies Corp. to lead the primary probe of a failed 2015 company rocket launch, according to the agency’s inspector general.

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Judge Orders McKinsey to Disclose Confidential Client Roster

The ruling provided corporate turnaround guru Jay Alix with a win in his long-running battle with the consulting giant.

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Insurer Adds Terrorism to Bands' Coverage

One of the music industry’s top insurers is extending its standard coverage to include a growing risk of performing live: terrorist attacks.

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So Busy at Work, No Time to Do the Job

As companies preach collaboration among their ranks, a growing share of bosses’ time is spent coordinating, directing traffic and overseeing employees who may or may not report directly to them. Managers say the push for teamwork, innovation and speed has left them little time to do real work.

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Honeywell CEO Cote to Step Down in March

Honeywell said Dave Cote will step down as chief executive on March 31 and be succeeded by Darius Adamczyk, who was promoted to the No. 2 spot in April.

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Nike Reports Sluggish North American Sales

Nike’s revenue rose 6% in the latest quarter as the athletic gear giant’s growth in most of its international markets offset sluggish sales in its North American business.

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Central Bankers Face Conflicting Pressures From Brexit Vote

European Central Bank President Mario Draghi’s call for better coordination on policy moves underscores the conundrum he and his associates face in the wake of Britain’s vote to leave the EU.

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Fed Announces 2017 FOMC Meeting Schedule

The Federal Reserve will meet for its 2017 policy meetings in January, March, May, June, July, September, October, and December, according to a tentative schedule.

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Birchbox Cuts About 12% of Staff

Online beauty startup Birchbox is parting ways with several senior executives and cutting about 12% of its staff, as the company struggles with increased competition and a difficult funding market.

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U.S. Consumer Confidence Improves in June

A gauge of U.S. consumer confidence climbed in June, suggesting that households were little concerned about a labor-market slowdown and some uncertainty about the economic outlook.

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Hapag-Lloyd Board Approves Merger

The board of Hapag-Lloyd AG approved the German company’s merger with  Dubai-based United Arab Shipping Co., moving the pact a step closer to completion.

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What Brexit Means for Tech Startups

Increased uncertainty is about to infect investing in technology—and that means a tougher fundraising environment. Luckily, history shows great companies are built during periods of contracting investment.

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IKEA to Recall 29 Million Dressers, Chests in U.S.

IKEA has agreed to recall 29 million chests and dressers in the U.S. following a raft of injuries and three deaths caused by them tipping over.

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Altice Will Rely on Cost Cuts to Make Cablevision Deal Work

Altice’s strategy of drastically reducing costs as it expands globally will soon face its biggest test yet as the European telecom company digests the $10 billion acquisition of New York cable operator Cablevision Systems.

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Chinese Partners Mine Box-Office Gold for Hollywood Movies

The box office success in China of “Warcraft,” which has racked up more than $210 million from Chinese moviegoers so far—about five times its U.S. box office tally—has hammered home the audience numbers a Hollywood movie with Chinese backing can unlock.

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U.S. Home Prices Continued Strong Growth in April

Home prices continued rising at a steady clip in April, a reassuring signal of strength in the U.S. economy amid global uncertainty.

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VW to Pay Up to $14.7 Billion to Settle Diesel-Emissions Claims

Volkswagen has agreed to pay up to $14.7 billion to settle legal emissions-cheating claims with regulators and owners of nearly 500,000 diesel-powered vehicles.

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Dow Chemical to Cut 2,500 Jobs Amid Corning Restructuring

Dow Chemical said it planned to cut 2,500 jobs globally, or about 4% of its workforce, as it restructures Dow Corning Corp., which it now owns completely.

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Whirlpool Reaffirms 2016 Outlook After Brexit Bruises its Share Price

Whirlpool backed its earnings forecast for 2016, an attempt to ease investor worries after its stock had fallen sharply in the wake of the U.K.’s vote last week to leave the European Union.

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Japan WhatsApp Rival Line Sets Price Range for IPO

Japanese messaging-app operator Line has set its price range for a potential $1.1 billion IPO in Tokyo and New York next month at $26.50 to $31.50 a share.

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U.S. GDP Growth in First Quarter Revised Up to 1.1% Rate

The U.S. economy expanded more than previously thought in the first three months of the year, but the subdued pace overall suggests it remains vulnerable to a new round of global economic turmoil.

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VW is Set for Near-$15 Billion Emissions Settlement

Volkswagen, U.S. government attorneys and angry customers are set to announce a package of measures valued at up to $15 billion to resolve the German car maker’s emissions-cheating scandal in the U.S.

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Brexit: Deflationary Now, Inflationary Later

Central banks’ efforts to revive economic growth and inflation suffered another blow with Britain’s vote to leave the European Union. The vote has unleashed anxiety and uncertainty that will dampen investment, hiring, wages and prices. In the long run, though, Brexit could prove inflationary, Greg Ip writes.

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Stores Accepting Food Stamps Face Stricter Rules

U.S. regulators are pushing stricter rules for stores that accept food stamps, ultimately determining which retailers win and lose the billions of taxpayer dollars at stake.

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Music Industry Out of Harmony With YouTube

The music industry is locked in an epic battle with YouTube, the most popular on-demand service, over the declining royalty rates the site pays and the difficulty in detecting copyright material from the mass of videos uploaded on the site.

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Rolls-Royce Results to Reflect Currency Swings

Rolls-Royce said currency movements will provide less of a boost to its performance this year than previously forecast though the British engine maker is yet to take into account the slump in the British currency after the U.K.’s decision to leave the EU.

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China's Home-Built Passenger Jet Makes Debut

China’s first home-built passenger jet entered commercial service in a debut that underscores problems in Beijing’s bid to become a global aviation player.

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Accounting Choices Blur Profit Picture

The number of U.S. companies that rely solely on standard accounting to report their financial results is shrinking fast. Nonstandard figures that many use inflate income by an average 44% at profitable firms, an analysis found.

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Airbnb Sues San Francisco Over New Law

Airbnb has sued San Francisco in federal court in an attempt to block its home city’s plan to fine the company for unregistered apartment rentals.

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Russian Tycoon Parlays a Smart Hedge Into an Empire

Mikhail Gutseriev won big when he locked in high oil prices with a smart hedge and now hopes to expand his budding business empire with an initial public offering of his Russneft, Russia’s seventh-largest oil firm.

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SEC Requires Energy Companies to Disclose Payments to Governments

Energy companies will have to report their payments to governments for extracting oil, gas and minerals under rules the Securities and Exchange Commission completed Monday, three years after a federal judge tossed out an earlier version of the measure.

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GE Strikes Deals to Sell Most of U.S. Restaurant Finance Assets

General Electric Co. has struck three agreements to sell the bulk of its U.S. restaurant loan portfolio as the industrial conglomerate continues to unwind its financial arm to focus on high-tech products, like jet engines and power turbines.

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ZTE's Temporary Sanction Relief Extended

The U.S. extended the temporary lifting of sanctions on ZTE, as the Chinese maker of telecommunications equipment tries to rebuild its reputation after being accused of trade-rule violations.

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U.S. to Hold Talks with U.A.E., Qatar in Airline Dispute

The State Department intends to hold “informal, technical discussions” with the United Arab Emirates and Qatar next month about a dispute over Persian Gulf airlines’ funding and access to the U.S. market.

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U.S. Extends Temporary Trade Sanction Relief for China's ZTE

The U.S. government has decided to extend the temporary lifting of its trade sanctions on ZTE Corp. through Aug. 30.

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Lyft Hires M&A Banker Qatalyst Partners

Ride-hailing startup Lyft has hired Qatalyst Partners, the boutique investment bank best known for helping tech companies find a buyer, according to people familiar with the matter.

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Online Shopping Forces Retailers to Rethink Inventory Strategy

Retailers are trying to figure out ways to profitably serve online shoppers while making their network of stores less of a financial burden. Home Depot, for example, is targeting sales growth of nearly 15% by 2018, but wants to keep inventory levels flat or slightly down.

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SolarCity Forms Special Committee to Review Tesla Offer

SolarCity Corp. said it has hired outside legal and advisory counsel and formed a special board committee to evaluate an acquisition offer made by Tesla Motors Inc.

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Gannett to Buy Digital Services Company ReachLocal

Gannett agreed to buy digital services company ReachLocal Inc., the latest move by a traditional newspaper publisher to diversify beyond print media.

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Kroger Sues Visa Over PIN Debit Transactions

Kroger sued Visa over debit-card transactions, saying the payment network has levied fines against it and threatened to raise fees and cut off its acceptance of debit cards if the grocery chain doesn’t allow customers to verify purchases with a signature instead of a personal identification number.

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HP Enterprise Shuffles Senior Executives

Hewlett Packard Enterprise announced the planned retirement of its research chief along with other management and organizational changes, the latest signs the technology company wants to streamline operations and speed up decision-making.

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EU Set to Issue Fresh Formal Antitrust Charges Against Google

The European Union’s competition watchdog has signaled it is preparing to issue a fresh set of formal antitrust charges, possibly before August, against Google over abusing its dominance in advertising, according to people familiar with the matter.

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'Brexit' Vote Pours Cold Water on Tata Steel's Sale Plans

The U.K.’s decision to leave the European Union could cast doubts over Tata Steel’s efforts to sell its businesses in Britain, analysts said.

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Nestlé Taps Schneider as Next CEO

Nestlé SA said it has tapped Ulf Mark Schneider, chief executive of Fresenius Group, as its new CEO starting Jan. 1.

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Medtronic to Buy HeartWare for $1.1 Billion

Medtronic said it agreed to acquire HeartWare International Inc. for $1.1 billion, adding more heart-failure products to the medical-device maker.

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Williams Shareholders Opt for ETE Deal

Williams Cos. said more than two-thirds of its shareholders voted to accept an embattled deal with rival Energy Transfer Equity, a deal that may not happen because of a court ruling last week.

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Dentsply Sirona to Buy MIS Implants

Dentsply Sirona said it agreed to buy dental implant systems manufacturer MIS Implants Technologies for $375 million.

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PepsiCo to Reintroduce Aspartame- Sweetened Diet Pepsi

PepsiCo said it would reintroduce the aspartame-sweetened version of Diet Pepsi in U.S. stores in September, its latest attempt to halt plunging diet cola sales.

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Yellen Panel With Carney Called Off After 'Brexit' Vote

A heavyweight debate in Portugal featuring Federal Reserve Chair Janet Yellen and Bank of England Governor Mark Carney has been canceled in the wake of Britain’s historic decision to exit the European Union.

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'Brexit' Vote Rattles Japanese Auto Makers

Concerns grew over the impact on Japanese auto makers from Britain’s vote to leave the European Union, particularly Nissan because of its heavy investment in U.K. auto production.

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Heat Rises on China Vanke

China Vanke’s largest shareholder took its first steps toward a hostile takeover of the property developer, amid disagreements about a proposed $6.9 billion asset-swap deal with Shenzhen’s subway system operator.

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Skullcandy Gets Second Buyout Offer

Skullcandy Inc. said private-equity firm Mill Road Capital Management had taken a nearly 10% stake in the company and made an unsolicited buyout offer.

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EasyJet Warns on Profit, Citing 'Brexit' Uncertainty Ahead

Budget airline easyJet warned on profit, joining British Airways-parent International Consolidated Airlines Group in signaling how the economic uncertainty after Britain’s vote last week to exit the European Union would take its toll on earnings.

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Drones Have a Role in Your Company's Future

Drones already have disrupted aerial photography, replacing cranes, helicopters and planes on film and TV sets. The breadth of industries where they are gaining purchase is striking, and their use is poised to explode.

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How Telemedicine Is Transforming Health Care

The revolution is finally here—raising a host of questions for regulators, providers, insurers and patients.

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For Consumers, Injury Is Hard to Prove in Data-Breach Cases

Judges are grappling with a new question: whether hacked companies should have to compensate customers for breaches that expose credit-card numbers or other personal information.

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Dining Out Falls Victim to Economy

Restaurant visit growth has completely stalled in the last three months, signaling that consumers, jittery over economic uncertainties, are retrenching.

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Panama Inaugurates Expanded Canal

The expanded Panama Canal formally opened Sunday following a $5.4 billion project that took nine years to complete to double the capacity of the waterway.

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Classic Waldorf Hotel to Be Gutted, Up to 1,100 Rooms Turned Into Condos

The Chinese acquirer of New York’s Waldorf Astoria is finalizing plans for an extensive overhaul that would shut the landmark hotel for up to three years and convert as many as three-quarters of its rooms into private apartments.

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Williams Cos. Fights to Save Deal

Williams faces an uncertain future as its shareholders meet on Monday to vote on a merger with pipeline rival Energy Transfer Equity that may already be dead in the water.

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Business in Europe Is Cast Into Uncertainty

Britons’ vote to leave the European Union realizes one of corporate leaders’ worst fears: uncertainty. Foreign ministers of the EU’s six founding members demanded the U.K. move for a quick separation.

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Tsinghua Holdings Expands R&D Spending on Strategic Technologies

Tsinghua Holdings Co., the state-owned investment arm of China’s elite Tsinghua University, said it plans to increase its investment in research on strategic technologies to $7.6 billion over the next five years.

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'Independence Day' Sequel Fails to Catch Fire

Hollywood’s big bet on sequels this summer continued to pay off poorly as ‘Independence Day: Resurgence’ fizzled, with ticket sales of about $41.6 million in the U.S. and Canada on its opening weekend.

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Amazon to Add Dozens of Brands to Dash Buttons, But Do Shoppers Want Them?

Amazon this week plans to announce it is adding dozens of new brands to its Dash buttons feature that enables shoppers to order consumer items by pressing a button.

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Brexit's Impact on Global Economy Depends on Leaders

Britain’s vote to leave the European Union casts a shadow over the global economy. How deep a shadow depends on how the rest of the world responds, which will be driven by politics, not economics, Greg Ip writes.

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Global Economy Week Ahead: Summits in Europe, Manufacturing Data

The British vote to leave the EU is likely to dominate summits of European heads of government and global central bankers this week, as policy makers look for a road map following “Brexit.”

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Fast-Fashion Cast-Offs Fuel Global Recycling Network

The rise of fast fashion has created a tsunami of inexpensive cast-off clothing from the U.S. that often ends up resold or reprocessed into pillow stuffing or other goods in the same low-wage countries where it was made.

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U.S. Economy Likely to Weather 'Brexit' Storm

The U.K.’s decision to exit the European Union may rock the overall U.S. economy in coming months. But it isn’t likely to sink it.

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Bayer CEO Takes Risk in Bid for Monsanto

Bayer’s offer for Monsanto, which would be the largest corporate takeover ever by a German company, is a risky power play for CEO Werner Baumann. He surprised investors with the offer less than two weeks after assuming the top job on May 1.

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U.K. Business Secretary Seeks to Reassure Firms Amid Brexit Fallout

U.K. Business Secretary Sajid Javid said he will convene a special meeting as he seeks to reassure British businesses scrambling to assess the ramifications of last week’s referendum vote to leave the EU.

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Europe's Startups Reassess Britain After Brexit

Britain’s vote to leave the European Union is already forcing Europe’s nimble, tech startup community to reassess operations there—a potential early warning for the kind of dramatic action bigger companies may have to take.

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China Issues New Internet Search Rules After Baidu Probe

China’s internet regulator has issued new rules for online search and advertising, about six weeks after it opened an investigation of Chinese search giant Baidu’s practices.

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Biotech Labs Birth New Drugs---and New Fortunes

Proprietary drugs that extend or improve the lives of millions of people have lifted stocks of the biotech companies that own them and made millionaires of many scientists and doctors behind them.

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Nike's Run Facing an Uphill Climb

Athleisure may be the style trend of the moment, but looking sporty may not be enough for Nike Inc. when it reports fiscal 2016 results Tuesday.

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U.S., EU Agree Adjustments to Data 'Privacy Shield'

The U.S. and the European Union have agreed the final changes to a new trans-Atlantic data transfer framework, paving the way for the formal unveiling in early July of the scheme which should restore a straightforward way for companies to transfer data to American soil.

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Ticketmaster Vouchers Get Panned by Fans

Some 50 million Ticketmaster customers were recently sent vouchers for concert tickets as part of a class-action lawsuit, but not all were pleased with their choices.

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FAA's Drone Rules Break New Ground

New federal rules permitting routine commercial-drone flights also establish legal precedents that could affect an array of future air-safety regulations.

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Raw Economic Data Is Just Noise That Needs to Be Silenced

Seasonal effects drown out the actual trends. Columnist Jo Craven McGinty explains how adjusted numbers make comparisons between months, years or even economic sectors meaningful.

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Energy Transfer Can Escape Williams Takeover, Judge Rules

Energy Transfer Equity can escape its deal to buy rival pipeline operator Williams Cos. after a judge rules that its fears of an unexpected tax bill were genuine.

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'Brexit' Expected to Rattle U.S. Economy, Shake Its Influence

Britain’s exit from the European Union is expected to jolt the U.S. economy, likely rattling restive equity markets and driving up the value of the dollar. It could also weaken U.S. diplomatic leverage in Europe and upend the corporate strategies of U.S. companies based in London.

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Companies Scramble to Assess Vote's Impact

Britons’ vote to leave the EU sent executives scrambling to assess the short- and long-term impact, as they watched the pound tumble and their own shares plunge.

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Macy's New Chief Seeks to Reshape Ailing Retailer

Jeff Gennette, who is taking over as the chief executive of Macy’s early next year, is stepping into the role at a time of tremendous upheaval for the industry.

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In 'Brexit' Vote, Britons Pick Corporate Winners and Losers

Airlines and car makers are likely among the corporate losers if sterling’s steep drop after the U.K. vote to leave the EU is sustained. Liquor and luxury-goods companies might benefit.

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Qualcomm Sues Alibaba-Backed Smartphone Maker

Qualcomm is suing Meizu Technology, a Chinese smartphone maker backed by Alibaba Group Holding, in the latest patent-infringement case involving technology companies.

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United, Attendant Union Negotiators Reach Tentative Contract Deal

The Association of Flight Attendants union said that its negotiators reached agreement with United Continental on a tentative collective bargaining agreement.

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Skullcandy Agrees to Be Acquired by Incipio

Headphones maker Skullcandy agreed to be acquired by consumer-technology provider Incipio for $177 million.

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Hilsenrath's Take: 'Brexit' Vote Means More Fed Delay

Market mayhem and the strengthening U.S. dollar following Britain’s decision to leave the European Union make it increasingly likely the Federal Reserve will delay plans to raise short-term interest rates, WSJ’s Jon Hilsenrath writes.

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U.S. Consumers Less Optimistic in June

U.S. consumers grew less optimistic in June, suggesting spending could slow in coming months, according to the University of Michigan consumer sentiment index.

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U.S. Durable-Goods Orders Fell 2.2% in May

Orders for long-lasting factory goods fell broadly in May, a sign that U.S. business investment in new equipment remained soft this spring.

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IAG Issues Profit Warning After U.K. Votes to Leave EU

International Consolidated Airlines Group SA, which owns British Airways and Iberia, on Friday issued a profit warning after the U.K. voted to leave the European Union.

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Henkel Hopes to Clean Up in U.S. With Sun Products Buy

Germany’s Henkel is to buy Sun Products of the U.S. in a $3.5 billion deal to bolster its share of the market for laundry-care products and fabric-conditioners in North America.

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Wall Street's Enthusiasm for Tesla Cools

Wall Street used to be crowded with cheerleaders for Tesla Motors Inc., but they are getting harder to find.

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'Brexit' Expected to Rattle U.S. Economy, Shake Its Influence

Britain’s exit from the European Union is expected to jolt the U.S. economy, likely rattling restive equity markets and driving up the value of the dollar. It could also weaken U.S. diplomatic leverage in Europe and upend the corporate strategies of U.S. companies based in London.

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Nike Drops Lawsuit Against Olympic Hopeful Boris Berian

The sportswear maker said it wanted to eliminate the distraction of the lawsuit on the eve of the Olympic Trials, where Mr. Berian is a favorite to earn a berth on the U.S. track team.

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U.S. Pushes Firms Into Iran

The White House is pushing to ease the way for companies to complete deals with Iran, aiming to cement the nuclear agreement reached last year and make it difficult for future administrations to undo it, senior U.S. officials said.

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GE Bullish on Data for Big Industry

General Electric Co. will plow $1.4 billion into its fast-growing software business this year, as the maker of jet engines and power plants races to dominate the market for digital tools to control major industrial operations.

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Xerox to Name Jeff Jacobson to Succeed Ursula Burns as CEO

Xerox tapped insider Jeff Jacobson to lead its core copier and printing business after the company’s split later this year, leaving the top job at its namesake business in familiar hands.

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Argentina Strikes Deal on GMO Seeds

Argentina’s government resolved a dispute over genetically modified seeds that will permit biotech companies like Monsanto to collect royalties on crop genes.

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Volkswagen to Pay More Than $10 Billion to Settle Emissions Claims

Volkswagen AG has agreed to pay more than $10 billion to settle claims from U.S. owners of diesel-powered vehicles affected by the German auto maker’s emissions-cheating scandal.

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Barnes & Noble Opens a New Chapter in Food and Drink

Barnes & Noble Inc. would like you to raise a glass if you visit one of the four new stores it is opening. The bookseller said the concept stores it’s unveiling in fiscal 2017 will feature cafes offering wine and beer and full meals.

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U.S. Oil Output to Get Boost From Gulf

Oil companies are pumping more crude off the U.S. coast in the Gulf of Mexico, a surprising trend that shows the resilience of the nation’s energy industry.

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With Driverless Cars, a Safety Dilemma Arises

Any fully autonomous vehicle that eventually takes to the road will need to make potentially life or death decisions and many ethicists argue that a public conversation should be part of the development process.

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Union Pacific Faulted for Failure to Maintain Track

The Federal Railroad Administration said it has made a preliminary determination that the derailment of a crude oil train in Oregon earlier this month resulted from the failure of Union Pacific to maintain its track.

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Senate Reports Fault Cable, Satellite TV Providers

Senate investigators released critical reports on cable and satellite TV companies, highlighting what they say are industry practices that often make it hard for customers to get refunds for overbilling or cancel unwanted services.

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Maersk Considering Abolishing Corporate Umbrella Group

The Danish conglomerate is looking into splitting its operations and abolishing the umbrella Maersk Group that is currently running the company, Chairman Michael Pram Rasmussen said.

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A.P. Møller-Maersk Names Søren Skou CEO; Shares Jump

A.P. Møller-Maersk said Chief Executive Nils S. Andersen is stepping down after nine years at the helm, in a surprise shake-up at the top of the Danish conglomerate. Søren Skou would replace Mr. Andersen on July 1.

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Pace of U.S. New Home Sales Slows in May

Sales of newly built homes slipped in May after touching a post-recession high in April, but the pace still indicates a healthy expansion of the housing sector this spring.

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Macy's CEO Lundgren to Step Down Next Year

Macy’s Chief Executive Terry Lundgren will step down from that role next year, as the company struggles to adapt to changing consumer demands.

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For LinkedIn China, Microsoft Deal Is a Complicated Connection

LinkedIn has found rare success in China for a Western tech firm thanks to its willingness to censor content, while its new owner Microsoft has faced challenges there.

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Jobless Claims Fell Last Week

The number of Americans filing fresh applications for jobless benefits fell last week to the lowest level since April, a sign that the job market may be showing some resilience after May’s slowdown in hiring.

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South Carolina Will Get Much of Expanded Panama Canal's Cargo

The expanded Panama Canal, which opens this month, is fueling a construction frenzy in the inland Greenville-Spartanburg region of South Carolina, also known as the Upstate, where much of the canal’s cargo will be headed.

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BlackBerry Reports Loss but Sees Improvement in Software Sales

BlackBerry Ltd.’s recorded a large fiscal first-quarter loss on Thursday on a hefty asset-impairment charge, but results excluding items far outpaced analyst expectations amid improving sales in its software business.

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GE Sells French Consumer-Credit Unit

GE received a binding offer from private-equity firm Cerberus for its French consumer-credit unit, the latest step in the industrial group’s exit from the finance sector.

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The Chinese Connection Fueling America's Fentanyl Crisis

A vast drug-distribution network beginning in China feeds the deadly synthetic opioid fentanyl to the U.S., Mexico and Canada.

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'Brexit' Threatens U.K. Restaurants, Retailers With Higher Labor Costs

For the U.K.’s restaurants and midmarket retailers—some of the country’s biggest employers—a Leave vote could staunch the flow of relatively cheap labor, threatening higher costs and taking a bite out of profits.

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Population of Nonwhites Grows

White Americans no longer account for the majority in hundreds of counties across the U.S., a trend transforming America’s social and political landscape as Latinos, Asians and blacks outpace white population growth, according to new census figures.

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Senate Reports to Highlight Questionable Practices by Cable, Satellite TV Providers

Senate investigators are expected to release two critical reports Thursday on cable and satellite TV companies, highlighting some firms’ questionable consumer-refund practices and their treatment of customers who are trying to cancel services.

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Tesla Shares Hit Hard After Offer to Buy SolarCity

Tesla Motors investors dumped shares a day after the company unveiled a takeover offer for SolarCity fueling doubts over Elon Musk’s plan to combine the electric-car and solar-energy companies he backs.

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Sumner Redstone's Suit to Replace Directors on Hold

Viacom Inc. controlling shareholder Sumner Redstone’s plan to replace five directors at the media giant is on hold until it can be determined if the 93-year-old is mentally competent to make those decisions, a Delaware court said Wednesday.

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When Words and Pictures Sell a Fragrance

Ralph Lauren’s former head of e-commerce Eric Korman launches online fragrance boutique Phlur.

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Southwest CEO Kelly on Expansion, Cuba, Free Checked Bags

The U.S. airline industry is growing fast, and that has created “some real pockets of aggressiveness throughout the country,” Southwest Airlines Chief Executive Gary Kelly said.

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Judge Strikes Down Obama Rule on Fracking on Public Lands

A federal judge in Wyoming has blocked an Interior Department rule setting stricter standards for hydraulic fracturing on public lands, the latest blow to the president's environmental agenda.

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Online-Video Viewers Open Wallets

Columnist Li Yuan writes that online video in China is starting to look more like Netflix and less like YouTube, as more users agree to pay for subscriptions.

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Spanish Celebrity Magazine ¡Hola! to Debut U.S. Edition

Decades before People magazine or TMZ were chronicling the antics of A-listers, the glossy Spanish magazine ¡Hola! was practicing its own colorful style of celebrity journalism. Now ¡Hola! is in the midst a multi-media push into the U.S. market—a bold strategic bet by the family-run company. 

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Brexit's Real Impact Would Be Gradual and Global

Anxious prognosticators worry a British vote to leave the European Union will tank the country’s financial markets and precipitate a recession. Those predictions are largely guesses, and probably overwrought. The greater consequences are more subtle, gradual, and global.

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Election Uncertainty Takes Toll on Business

Roughly one-third of small-business owners say that uncertainty related to the November presidential election is have a negative impact on their business. Firms have reported delaying hiring, putting off investments or reducing new equipment orders.

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VW Investors Berate Management at Meeting

Volkswagen shareholders have waited for their day of reckoning with management over the emissions-cheating scandal, and when they got it Wednesday, they wasted no time venting their anger.

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Mitsubishi Motors Expects to Swing to $1.38 Billion Net Loss

The Japanese auto maker expects to swing to a net loss in this fiscal year, which would be its first in eight years as it grapples with a fuel-economy data scandal that has led to surging costs and falling sales.

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Kia Tops Car-Quality Survey

Kia Motors topped an annual U.S. survey of vehicle quality, while Detroit’s three auto makers continued making significant gains.

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House Republicans Grill Janet Yellen

House Republicans lit into Fed Chairwoman Janet Yellen, criticizing what they said is a lack of independence at the central bank and its interest payments to big banks.

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Social Security, Medicare Trust Funds Face Insolvency Over 20 Years

A new forecast shows that Medicare’s hospital-insurance trust fund will be depleted in 2028, two years earlier than estimated last year, according to a government review released Wednesday.

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U.S. Existing-Home Sales Rise at Fastest Pace Since 2007

Sales of existing homes rose to their fastest pace in more than nine years and prices climbed to a new high in May, the latest sign of rising demand amid low interest rates and steady job creation.

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IMF Cuts 2016 U.S. Economic Forecast

The International Monetary Fund cut its outlook for U.S. economic expansion this year, citing a maimed energy sector, a strong dollar and turmoil overseas.

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As Expanded Panama Canal Prepares to Open, New York Isn't Ready

Ports on the U.S. East Coast have been hurrying to prepare for the arrival of supersize container ships that are expected to pass through the Panama Canal. But the East Coast’s busiest port won't be ready for them. The Port Authority of New York and New Jersey’s project to raise the Bayonne Bridge is delayed until 2017.

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Foxconn to Close Inefficient Units at Sharp

Foxconn Technology Group plans to close inefficient subsidiaries at Sharp after completing its $3.5 billion acquisition of the unprofitable Japanese electronics maker.

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SoftBank Investors Cheer CEO's Decision to Stay On

Following the departure of his heir apparent, SoftBank CEO Masayoshi Son says he will stay at the helm for years to come.

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Chinese Company in Patent Dispute With Apple Barely Exists

By the time regulators awarded phone-maker Shenzhen Baili a patent victory against Apple, its parent, Digione, had collapsed.

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FAA Joins Push to Use Wireless Signals For Aircraft-Safety Systems

U.S. aviation regulators have teamed up with their European counterparts to develop common standards aimed at harnessing wireless signals for a potentially wide array of aircraft-safety systems.

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BAE Systems Spies Growth in Space Defense

Protecting space systems from attack is emerging as a growth opportunity for BAE Systems, particularly given the Pentagon’s worries about safeguarding some of its most sensitive spacecraft.

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Yellen Expected to Be Pushed to Defend Fed's Strategies

Expect lawmakers to turn up the heat when Janet Yellen returns to Capitol Hill for the second day of her testimony. The House committee is likely to spend more time asking Ms. Yellen to defend the Fed’s regulatory regime.

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Tech Companies Weigh Their Interests Before 'Brexit' Vote

Technology executives and lobbyists say if the U.K. leaves the EU it could deepen battles on regulatory issues they have had with the bloc—while creating new obstacles for them to do business in the U.K.

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H&M Earnings Fall as Sales Growth Stalls

Hennes & Mauritz said its second-quarter profit fell 17% after the Swedish fashion retailer was hit by lower sales and the strong dollar.

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EBay Names Lyft CEO to Board

EBay appointed Logan Green, co-founder and CEO of ride-hailing company Lyft to a new seat on its board of directors.

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Vice, BuzzFeed Tread on Madison Avenue's Turf

Vice, BuzzFeed and other media newcomers have built out teams designed to make video and editorial content for marketers.

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A Beauty Retailer That Knows What You Want

Ulta mixes mass brands, such as CoverGirl, with prestige ones, such as Clinique, prompting women to stay in the store with services and products to try, writes Elizabeth Holmes.

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Sandwich Chain Jimmy John's to Drop Noncompete Clauses From Hiring Packets

Sandwich chain Jimmy John’s said it would stop including noncompete agreements in its hiring packets, as part of a settlement with New York authorities to be announced Wednesday.

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Post Recently Held Talks to Combine With ConAgra's Lamb Weston

Cereal maker Post Holdings recently held talks to combine with ConAgra Foods’s frozen-potato business, in what would be one of the biggest recent consumer-industry mergers.

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Disney's Translation Struggles: How Do You Say Bibbidi Bobbidi Boutique in Chinese?

In order to make sense to Chinese visitors and mesh with their cultural sensibilities, names of some attractions at Shanghai Disneyland read very differently in the two languages posted on signs throughout the park.

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Tesla Offers to Acquire SolarCity

Elon Musk proposed combining his electric-car and solar-energy companies, in a bold effort to consolidate his holdings and offer widespread clean-energy products from vehicles to power in homes.

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First-Time Buyers Boost KB Home Results

KB Home easily topped expectations in its second quarter as first-time buyers emerged with force, pushing new orders and deliveries higher and signaling a strong start to the crucial spring selling season.

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Hulk Hogan Challenges Gawker Over Bankruptcy Sale

Lawyers for Hulk Hogan say creditors of Gawker Media Group, not new owners of the online publishing operation, should have the right to sue suppliers in Gawker’s bankruptcy case.

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European Businesses Weigh the Good and Bad of a 'Brexit'

Many big firms, inside and outside the U.K., are pushing for Britain to remain in the EU. Executives forecast that a departure would slow economies, complicate hiring and force relocations. Others see opportunity.

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Facebook Paying Media Firms to Create Video for Streaming Service

Facebook is paying an array of media companies and celebrities to create videos for its live-streaming service and has signed nearly 140 contracts totaling more than $50 million, according to a document reviewed by The Wall Street Journal.

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California's Last Nuclear Plant to Close by 2025

A utility company and environmental groups have reached an agreement that will close California’s last nuclear power plant.

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For Apple's Next iPhone, Don't Expect Big Changes

Apple plans to break with its recent pattern of overhauling the design of its flagship iPhone every two years and make only subtle changes in the models it will release this fall, according to people familiar with the matter.

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Rising Supply Pressures Urban Rental Boom

After a five-year boom in which rents have jumped by about 20% nationwide, some of the nation’s biggest cities—New York, San Francisco, Seattle and Boston among them—are beginning to see slower increases.

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Yellen Points to Slow Growth and Low Rates

After seven years of subpar U.S. growth, Federal Reserve Chairwoman Janet Yellen is slowly coming to acknowledge that this could be the new long-run state of the economy, a development that could weigh on interest rates for years to come.

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SoftBank President Nikesh Arora to Step Down

Under fire from investors, SoftBank President Nikesh Arora is stepping down, marking an abrupt end to the tenure of founder and CEO Masayoshi Son’s handpicked successor.

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EU Hammers Out New Rules to Fight Corporate Tax Dodgers

The European Union agreed on a set of rules and standards aimed at closing loopholes that allow wealthy multinationals to shift profits and avoid footing large tax bills.

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United Continental Targets $3.1 Billion in Revenue, Efficiency Gains

United Continental outlined plans to boost profitability through a mix of cost and efficiency measures and securing higher fares from fliers.

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U.K. Lawyers Look to Ireland to Protect EU Benefits

Lawyers from some of Britain’s largest firms are flocking to register in Ireland to protect their right to practice fully in the European Union, in case the U.K. votes to leave the bloc.

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Portugal Halts Trading of Pharol Over Oi Bankrutpcy Filing

Portugal’s markets regulator has halted trading of shares of Oi SA’s largest shareholder after the Brazilian telecom filed for bankruptcy protection late Monday.

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Boeing Signs Agreement with Iran

The U.S. plane maker said Tuesday it had signed a tentative agreement with the Islamic republic, which could be worth up to $25 billion according to an Iranian minister.

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Tencent, Partners to Pay Over $8 Billion for 'Clash of Clans' Developer

China’s Tencent and its partners plan to pay more $8 billion to buy a majority stake in Supercell, which values the Finnish game maker at more than $10 billion.

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Germany's Kion Makes Logistics Push With $2.1 Billion Dematic Buy

Germany’s Kion Group, a supplier of forklift trucks and warehouse equipment, is buying Dematic for around $2.1 billion in cash to grab a share of booming, e-commerce driven demand for automated logistics centers.

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Robots on Track to Bump Humans From Call-Center Jobs

As technology improves, an increasing number of the 1.2 million call-center workers, whose pay is modest by U.S. standards, are likely to have their outsourcing jobs outsourced to robots.

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Rio Tinto in Management Shake-Up Following Prolonged Price Slump

Mining giant Rio Tinto said its incoming chief executive Jean-Sébastien Jacques has restructured the management team.

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Samsung SDI, LG Chem Face Setback in China on Electric-Car Batteries

South Korea’s two biggest electric-vehicle battery makers said Tuesday their applications for certification were rejected, dealing a blow to their plans to expand in the world’s largest auto market.

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Companies Try a New Strategy: Empathy

Corporate empathy may sound like an oxymoron, but businesses such as Cisco Systems and Ford Motor are emphasizing the trait in developing managers and products.

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Nissan Dragged Into 'Brexit' Campaign

Nissan Motor began legal proceedings against a group that supports the U.K. leaving the European Union for its unauthorized use of the Japanese car maker’s logo.

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As Referendum Nears, Contingency Plans for U.K. Elude U.S. Firms

As Britons prepare to decide Thursday on their future in the European Union, many U.S.-based multinational companies find themselves unable to plan for the long-term implications of a possible British withdrawal.

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Marathon Oil to Buy PayRock Energy

Marathon Oil Corp. said it would buy PayRock Energy Holdings LLC for $888 million.

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China-Based Hacking Incidents See Dip, Cybersecurity Experts Say

Chinese hacking of corporate and government networks in the U.S. and other countries appears to be declining, according to computer-security experts at companies hired to investigate these breaches.

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Telecom Oi Files Largest Bankruptcy Request in Brazil's History

Brazil’s troubled telephone company Oi SA on Monday filed the largest bankruptcy protection request in the country’s history just days after debt restructuring talks with creditors collapsed.

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Sports Direct, Modell's Discuss Joint Bid for Sports Authority

U.K. sporting goods retailer Sports Direct International PLC is in talks with Modell’s Sporting Goods about a potential deal to acquire as many as 200 Sports Authority stores out of the retailer’s bankruptcy, according to people familiar with the situation.

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Europe's Push for Drone Rules Faces Headwinds

European air-safety regulators are scrambling to adopt regionwide rules for flying unmanned aircraft, but the effort is whipsawed between political limits on their power and escalating industry demands for swift but lenient regulation.

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Facebook Executives Reiterate Interest in China

Facebook executives Monday reiterated interest in entering China, where the world’s largest social network is banned, as they answered questions at the company’s annual shareholder meeting.

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Former VW CEO Faces Probe Over Emissions Scandal

German prosecutors opened an investigation on Monday of former Volkswagen CEO Martin Winterkorn and Herbert Diess, head of the passenger car brand, for not informing investors about potential losses over the emissions-rigging scandal in a timely manner.

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Retro Sneaker Styles Give Shoemakers a Boost

Reissued or “heritage” sneakers were the fastest-growing footwear category in the U.S. last year. That’s good news for companies such as Adidas, Nike and Puma, which are working to reprise their classics.

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FCC to Vote on Rules for 5G Network in July

Federal regulators will vote in mid-July on regulations to lay the groundwork for an ultrafast 5G wireless network that is seen as important for new applications such as autonomous vehicles and remote surgery.

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New York Times Readies Ad-Free Digital Subscription Model

New York Times Co. Chief Executive Mark Thompson confirmed plans to launch an advertising-free digital access option that would cost consumers more than a standard subscription, in response to the rising adoption of software that lets readers block ads.

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Altice Names New CEO, Chairman

Altice NV named a new chief executive in a management shuffle that focuses resources on integrating its $10 billion acquisition of Cablevision Systems Corp.

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India Relaxes Foreign Direct Investment Rules

India’s government on Monday eased foreign direct investment restrictions in several sectors to increase inflows, a move that could also pave the way for Apple to open its own stores in one of its main growth markets.

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Even Cheap Meals Influence Drug Prescriptions, Study Finds

Doctors who received a single free meal from a drug company were more likely to prescribe the drug the company was promoting than doctors who received no such meals, according to a study.

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What to Watch for at Janet Yellen's Congressional Testimony

Federal Reserve Chairwoman Janet Yellen will testify Tuesday and Wednesday before Senate and House committees, where she is likely to be asked about Brexit and bank regulation, as well as monetary policy.

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Supreme Court Rejects EU Lawsuit Against Reynolds American

The Supreme Court threw out a European Union lawsuit filed in U.S. courts that alleged Reynolds American Inc. directed a money-laundering scheme involving cigarette sales through organized crime groups.

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China Smartphone Makers Using Patents in Fight for Market

China’s smartphone makers are increasingly turning to patents as ammunition as they try to reel in global leaders Apple Inc. and Samsung Electronics Co.

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Wal-Mart in Talks to Sell Chinese E-Commerce Business to JD.com

Wal-Mart Stores Inc. is in discussions to sell its online e-commerce platform in China to the country’s No. 2 e-commerce company as part of a potential strategic tie-up, according to people familiar with the situation.

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Circassia Shares Plunge After Trial of Experimental Cat Allergy Drug Fails

Shares in Circassia Pharmaceuticals PLC plunged more than 60% after the company said its experimental cat allergy treatment failed to show any advantage over a placebo in a large clinical trial.

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China Makes New Supercomputing Gains

China has bolstered its claim to leadership in the highest reaches of computing with a world-beating system that was built with homegrown processor chips.

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U.S. Gasoline Demand Is Likely to Slide

Electric cars are poised to reduce U.S. gasoline demand by 5% over the next two decades—and could cut it by as much as 20%—according to a new report being released Monday by energy consulting firm Wood Mackenzie.

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Driverless Cars to Fuel Suburban Sprawl

More than a century of evolution in transportation technology points in one direction: The driverless car will reinvigorate suburban sprawl, writes Christopher Mims.

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Employers Cut Down on Wellness Benefits

Employers are cooling toward certain wellness benefits for workers, a large study by the Society for Human Resource Management found.

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BofA Chief Gives the Big Banks' Optimistic View

CEO Brian Moynihan talks about his company and the need for regulatory balance

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Emails Reveal Bitter Silicon Valley Fight

Animosity between Silicon Valley heavyweights Meg Whitman and Frank Quattrone is on stark display in recently released court papers that provide a rare behind-the-scenes look at the cutthroat world of technology takeovers.

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Secret Deal Squeezes Mexico's Drug Sector

Mexican authorities didn’t know that the owner of the nation’s leading pharmaceutical distributor was behind the purchase of a rival when they approved the deal last year.

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The Panama Canal Expands

The giant Panama Canal expansion opens June 26 amid much fanfare and one of the worst shipping industry slumps ever. While it won’t do anything to help the dire state of the industry near-term, the changes are critical to Western trade in the long run.

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As Drone Rules Near, More Debate Looms

When the FAA perhaps early this week unveils its first rules permitting businesses to fly drones for limited uses, the move is likely to spark broader demands for loosening restrictions on unmanned aircraft.

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Lennar, KB Home to Offer Insight on Building Sector

Results on Tuesday from home builders Lennar and KB Home will provide insight into the crucial spring selling season. Housing analysts are predicting faster growth for home construction.

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Petrobras CEO Pledges a Revival

The new chief executive of Petrobras has vowed to return Brazil’s troubled state oil company to “greatness” by shedding assets—and outdated ideologies.

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Antitrust Regulators Concerned About an Anthem-Cigna Merger

U.S. antitrust regulators have privately expressed concerns about Anthem Inc.’s $48 billion proposed acquisition of Cigna Corp., and are skeptical that the health insurers can offer concessions to safeguard competition.

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'Finding Dory' Is Weekend Hit for Pixar

Audiences had no trouble “Finding Dory” this weekend. The Pixar Animation Studios sequel set a box-office weekend record for an animated film with an estimated $136.2 million opening in the U.S. and Canada.

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Economic Gauges Raise Specter of Recession

Gut-clenching gyrations in financial markets early in the year helped summon the specter of a new recession. Now, warning signs are coming mostly from the U.S. economy itself.

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European Luxury Brands Could Seize on 'Brexit' Turmoil

A U.K. exit from the European Union could take a heavy toll on British luxury companies, but some of their rivals on the continent could stand to gain.

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Sale of Middle East Fast-Food Operator Back on Table

A group of Persian Gulf investors has agreed to buy a majority stake in the Middle Eastern operator of fast-food brands such as KFC, Pizza hut and Hardee’s for about $2.5 billion, just weeks after the deal had appeared to collapse.

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Advertisers Try New Tactics to Reach Consumers

As the global marketing industry gathers for the Cannes advertising festival, there is an awareness that grabbing consumers’ attention is getting harder and more frustrating than ever.

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CarMax Works to Weather Weakness in Used-Car Pricing

CarMax’s fiscal first-quarter earnings and revenue, to be reported Tuesday, are expected to have grown compared with a year ago. However, analysts are concerned about weakness in same-store performance as used-car pricing is under pressure.

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When Robots Are Too Cute for Their Own Good

Droid designers, making friendlier creations that dispel the killer-cyborg image, find they now need to instill self-defense instincts, too.

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Global Economy Week Ahead: Brexit Vote, Yellen Testimony, Japan Trade

All eyes this week will be on the U.K. vote on whether to leave the European Union, but there will be other big moments, including two rounds of testimony by Federal Reserve Chairwoman Janet Yellen on Capitol Hill.

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New York Votes to Legalize Daily-Fantasy Sports

The New York state legislature passed a bill that would legalize and regulate daily-fantasy sports, months after Attorney General Eric Schneiderman said they violated state gambling laws.

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China Vanke Strikes $6.9 Billion Deal to Avoid Takeover

The Chinese property developer plans an asset swap deal valued at $6.9 billion with Shenzhen Metro Group aimed at warding off a potential hostile takover by Baoneng Group.

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Digital-Currency Fund Hacked

Operators of a new investment fund based on a digital currency called Ethereum said they had suffered a catastrophic hack.

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Monsanto Files Lawsuit Over Stolen Computer Data

Monsanto Co. sued a former computer programmer, alleging he stole proprietary files after resigning to explore a job at a Chinese seed company.

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Ronald D. Bullock Sought to Win New Respect for Manufacturing

Ronald D. Bullock was determined to change Americans’ negative perceptions of manufacturing careers. That’s partly why he built a well-educated and innovation-focused workforce at his Bison Gear & Engineering. He died June 8 at age 73.

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As 'Slither.io' Goes Viral, Game's Creator Scrambles to Keep Up

The emergence of “Slither.io” shows how game apps can become suddenly popular and lucrative even in a competitive landscape—and how difficult it can be for a small startup to manage explosive success.

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Former Warner Chilcott Executive Acquitted of Kickbacks Charge

A jury in federal court in Boston on Friday acquitted a former executive with Allergan PLC’s Warner Chilcott unit of conspiring to pay kickbacks to doctors to get them to prescribe the company’s drugs.

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ChemChina Details Changes to Structure of Syngenta Purchase

A high-profile agriculture deal faces a lengthier regulatory review after China National Chemical Corp. detailed changes to the structure of its planned $43 billion purchase of Syngenta AG.

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GM Loosens Terms for Some Suppliers

General Motors Co. will allow roughly 400 parts makers providing components for new vehicles in Mexico and Brazil to periodically renegotiate contracts.

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Yahoo's Marissa Mayer Stumbled After Secret Truce With Investor

The embattled chief executive failed to produce pledged cost savings, plunged even deeper into turnaround efforts and clung to the idea that she was going to save Yahoo, all of which came back to haunt her.

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Fed's Bullard Changes View On Economy

Federal Reserve Bank of St. Louis President James Bullard said Friday a significant change in his economic outlook has led him to believe the central bank has very little in the way of rate rises ahead of it.

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Beijing Halts Sales of iPhone 6, Citing Patent Infringement

Beijing’s intellectual property regulator has ordered Apple to stop sales of the iPhone 6 and iPhone 6 Plus in the city, ruling that the design is too similar to a Chinese phone. The move is another setback for the company in a key overseas market.

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Viacom Warns of Profit Shortfall Amid Board Upheaval

Viacom said profits for the current quarter could fall well short of expectations because of the disappointing “Ninja Turtles” movie and a delayed agreement due to company’s board dispute.

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Mitsubishi Motors Takes Nearly $480 Million Charge as Scandal Spreads

Mitsubishi Motors expanded the estimated cost of a fuel-economy scandal to include a $479.5 million special loss in the current financial year.

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Spain's Repsol Faces $5.5 Billion Claim From China's Sinopec

Spanish oil company Repsol SA said it faces a $5.5 billion arbitration claim from Chinese state-controlled energy company Sinopec.

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Albemarle to Sell Surface-Treatment Business to BASF for $3.2 Billion

Specialty chemicals manufacturer Albemarle said it agreed to sell its Chemetall surface-treatment business to German chemical maker BASF for about $3.2 billion.

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U.S. Housing Starts Fell 0.3% in May

Home building in the U.S. slowed a little in May, more evidence that the supply of new houses will have trouble keeping up with steady demand.

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Ericsson Confirms U.S. Anticorruption Probe

Ericsson said it received a request from the Securities and Exchange Commission in March 2013 to voluntarily provide information on its anticorruption policies and procedures, as well as some of its operations.

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Gamesa, Siemens to Combine Wind Turbine Business

Spain’s Gamesa Corporación Tecnológica said it had agreed in principle to combine its wind turbine business with that of the German engineering group Siemens, creating the world’s biggest builder of wind farms.

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Honda Expands Takata Air-Bag Recall in China

Honda is recalling more than 1 million cars in China over faulty Takata-made air-bag inflaters, the latest fallout from the defective vehicle components.

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Brexit Would Put EU Drug Regulator's Headquarters in Play

Drug-industry figures in Sweden, Denmark and Italy have made the case for their respective nations to host to the European Medicines Agency should the U.K. vote to leave the European Union.

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Dish Network Drops NFL Network

Dish Network Corp. has dropped the NFL Network, the National Football League-owned channel that has exclusive rights to eight Thursday night football games.

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Salesforce.com Lost LinkedIn Bid to Microsoft

The company’s attempt suggests the high value of the professional social network to its business in web-based sales tools.

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Philadelphia Council Passes Sweetened-Beverage Tax

The Philadelphia City Council approved a special tax of 1.5 cents per ounce on sweetened beverages, the first large U.S. city to pass such a measure.

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Academy Sports Removes AR-15 Rifles From Store Displays

Academy Sports & Outdoors has instructed its store employees to remove modern sporting rifles from displays and advertising in the wake of this week’s deadly shooting in Orlando.

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New Disney Signs Will Warn About Alligators After Boy's Death

Walt Disney will install signs warning theme-park guests of alligators after a 2-year-old boy was killed by one of the animals at the company’s Orlando, Fla., resort.

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U.S. Risks Japanese-Style Growth Slump

Analysis: Aging societies and slow growth in productivity are increasingly weighing on central bankers, who see these trends as a self-reinforcing impediment to healthy economic growth, WSJ chief economics commentator Greg Ip writes. Bond markets are increasingly skeptical that the landscape will improve soon.

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Smith & Wesson Boosts Guidance After Strong Results

Firearms maker Smith & Wesson Holding Corp. posted better-than-expected results for the latest quarter on continued strong gun sales.

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Revlon Agrees to Buy Elizabeth Arden for $870 Million

Revlon agreed to buy Elizabeth Arden for $870 million, expanding its presence in categories like skin care and giving it a broader geographic footprint.

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Oracle Earnings Rise on Growth in Cloud Business

Oracle’s earnings rose 2% in the fourth quarter as growth in its cloud-computing operations offset continuing declines in its conventional software business.

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Redstone Holding Company Moves to Oust Five Viacom Directors

Sumner Redstone’s National Amusements on Thursday moved to replace five board members of Viacom Inc., deepening turmoil in the mogul’s $40 billion media empire and setting up a likely legal battle over corporate governance.

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Plans for Electric Planes Gain Momentum

Some of the world’s biggest industrial companies, the National Aeronautics and Space Administration and a handful of pioneering airlines are plunging headlong into developing commercially viable electric-power airplanes, aiming to come up with a Tesla of the skies.

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Silver Airways, American Begin Selling Tickets to Cuba

Silver Airways Inc., a Florida-based operator of turboprop planes, said it put its planned Cuba flights on sale last weekend and American Airlines Group Inc. said it put tickets on sale earlier this week.

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Environmental Groups Change Their Tune on Nuclear Power

Some of the nation’s most influential environmental groups are softening their longstanding opposition to nuclear power, marking a significant shift in the antinuclear movement as environmentalists’ priority shifts to climate change.

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Justice Official Voices Concern Over Mergers Between Major Competitors

Bill Baer, the acting associate attorney general, in a speech Thursday pledged continued vigilance against mergers in concentrated industries.

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EU May Decide on Apple Tax Probe In July

The European Union may announce its decision in its long-running probe into Apple Inc.’s tax arrangements with Ireland in July, the country’s finance minister said.

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Home-Builder Sentiment Rose in June, NAHB Says

A gauge of home-builder sentiment rose in June, a sign of solid growth in the nation’s housing market.

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Xerox Will Call Business-Services Company Conduent After Split

Xerox Corp. gave a name to the business-services company it plans to split off, saying it will be called Conduent Inc., while the remaining document-technology company will keep the company’s legacy name.

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ASML Paying $3.09 Billion to Buy Taiwan Chip-Tech Firm Hermes Microvision

The two semiconductor industry leaders have agreed a deal which will see ASML pay a 31% premium on Hermes Microvision’s average share price.

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'Brexit' Could Harm Global Economy, Says BOE

A vote in favor of leaving the European Union in the U.K.’s referendum on membership next week could adversely affect the global economy, the Bank of England said, in its latest assessment of the potential consequences of a British exit from the 28-member bloc.

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U.S. Consumer Prices Rose 0.2% in May

U.S. consumer prices rose in May for the third straight month, a sign that long-subdued inflation may be firming as the damping effects of cheap oil and a strong dollar fade.

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U.S. Jobless Claims Rose Last Week

The number of Americans filing new applications for jobless benefits rose last week, but remained at a level consistent with employment growth.

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China Business Climate Draws Fire From U.S. Treasury Secretary

U.S. Treasury Secretary Jacob Lew warned China over unfair business practices, citing complaints that Chinese domestic firms are getting advantages in the world’s second-biggest economy.

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VW CEO's Strategy Overhaul Focuses on Electric Vehicles

Volkswagen AG Chief Executive Matthias Müller presented a sweeping overhaul of the car maker’s global strategy, vowing to boost profit and push aggressively into electric vehicles and new technology services.

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Coca-Cola Says European Bottling Merger Will Dent Quarter's Results

Coca-Cola Co. on Thursday said an earlier completion of a major European bottling merger will drag results in the current quarter.

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Apple's New Tech Will Peek at User Data Without Violating Privacy

Apple is tapping new technology—called “differential privacy”—to garner insight into user behavior, in an effort to keep pace with rivals’ insights without violating its privacy pledges.

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Crowds, Rain as Disney Opens Shanghai Park

Walt Disney Co. on Thursday opened the gates to its first resort in mainland China under rainy skies, after years of planning and costs of more than $5.5 billion.

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China's Midea Unwraps Offer for Robot-Maker Kuka

China’s Midea Group made its formal offer to take over Germany’s Kuka in the face of criticism by some of the robot maker’s investors and German politicians that management hasn’t done enough to find another suitor.

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New-Car Sales in EU Rose 16% in May

New-car sales in the European Union rose 16% in May as continued strong demand and extra sales days helped the bloc post a 33rd straight month of growth.

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Zuckerberg's Venture to Invest in Startup Andela

The Chan Zuckerberg Initiative plans to announce an investment in Andela Inc., a New York-based startup that trains software developers in Lagos, Nigeria and Nairobi, Kenya.

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Samsung to Buy U.S. Cloud Services Firm

Samsung Electronics said it would buy U.S. cloud services company Joyent for an undisclosed sum, underscoring its willingness to snap up outside companies as it beefs up the software and services around its core mobile-phone business.

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Envision Healthcare, AmSurg to Merge

Envision Healthcare Holdings and AmSurg agreed to merge, in a deal that will create a company providing a range of hospital-related services worth some $10 billion.

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Corporate Clients Push Back After Law Firms Hike Starting Salaries

Law firms followed suit after Cravath, Swaine & Moore LLP said it would boost starting pay for its junior-most lawyers to $180,000. But now companies are pushing back.

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Weak Business Investment Weighs on Policy Makers

The Federal Reserve has faced readings this year on jobs, consumer spending and exports that have oscillated from good to bad. One thing, however, has been constant: weak U.S. business investment.

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Judith Rodin Steps Down as Head of Rockefeller Foundation

Judith Rodin is stepping down as president of the Rockefeller Foundation after an 11-year tenure characterized more by forging strategic partnerships with well-known companies than doling out grant checks.

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Exxon Seeking Injunction Against Climate-Change Investigation

Exxon Mobil is seeking an injunction against the Massachusetts attorney general, alleging that a wide-ranging investigation into the oil company is politically motivated and violates its constitutional rights.

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Disney's Triumphant Week Mired in Tragedy

The shocking events in Orlando, Fla., has cast a pall over what was supposed to be a triumphant week for Walt Disney with the opening of the Shanghai Disney Resort.

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Gawker, Hogan Agree to 'Complete Standstill' on Privacy Suit

Gawker Media Group and former professional wrestler Hulk Hogan agreed to a temporary cease-fire in their bitter legal battle, which has landed the digital-media company in bankruptcy.

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Microsoft Deal for LinkedIn Shines Light on Dynamics Business

Microsoft $26.2 billion planned acquisition of LinkedIn Corp. shines light on a lesser-known Microsoft business called Dynamics, which could use some help growing.

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Wal-Mart to Cut Back-Office Jobs at About 500 U.S. Stores

Wal-Mart Stores Inc. is cutting some back-office jobs from hundreds of U.S. stores this week as part of the retailer’s continuing efforts to become more efficient and focus spending on store employees who interact with customers.

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