President's Speech Leaves Executives Optimistic, Wanting More Details

Business leaders cheered the positive tone in the president’s speech to a joint session of Congress, even as they acknowledged a continued lack of specificity in many areas, such as taxes.

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Who is the PwC Accountant Behind the Oscar Gaffe?

Brian Cullinan, the accountant responsible for the infamous envelope mixup, is a 30-year-plus veteran of PwC who has overseen clients like Disney and Paramount.

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Salesforce Sees Increase in Deferred Revenue

Salesforce.com posted a 29% jump in deferred revenue for its fiscal fourth quarter, a sign the business-software company continues to rack up customers moving computing operations to the cloud.

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Penguin Random House Acquires Global Rights to Books by Obamas

Penguin Random House said it has acquired world rights to separate books by former President Barack Obama and First Lady Michelle Obama that will look at their years in the White House.

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Hershey Plans 2,700 Job Cuts to Boost Profits

Hershey Co. plans to eliminate 15% of its global workforce as part of its new leadership’s effort to boost profitability over the next two years.

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GM's Barra Signals Concern About Tax Proposals Affecting Imports

General Motors Co. Chief Executive Mary Barra said Tuesday that tax proposals affecting imports could be “problematic” for the auto maker.

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South Korea's LG Electronics to Build U.S. Factory in Tennessee

South Korean conglomerate LG Electronics said it is planning to build a new washing machine factory in Tennessee, its first major U.S. plant, and hire at least 600 workers by the end of 2019.

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The Night They Locked Up All the Smartphones

At a show or party, you may find your phone sealed in one of Yondr’s pouches. Enjoy the freedom.

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Airbus Sells Majority of Defense Electronics Business to KKR

Airbus completed the sale of a majority stake in its defense electronics business to private-equity firm KKR, further helping the European plane maker shift its focus onto its growing commercial aircraft activities.

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BP Sets Break-Even Target at $35 a Barrel

BP laid out plans to drive its break-even oil price down to $35 to $40 a barrel by 2021, asserting that it can grow again and keep a lid on spending despite a massive bill from its Gulf of Mexico disaster six years ago.

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Fish Importer Casts Worry Over Border Tax

Opposition to a border-adjustment provision in House Republicans’ tax plan can be heard loud and clear from companies like Fortune Fish & Gourmet, an importer of foods from overseas that says it would be hard-hit.

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Comcast to Buy Remaining Stake in Universal Studios Japan for $2.3 Billion

Comcast said Tuesday it would buy the remaining stake in Universal Studios Japan for $2.3 billion, giving the company complete control of the theme park as it looks to Asia for growth.

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Salesforce Earnings: What to Watch

Business software provider Salesforce.com is expected to post rising revenue and profits when it reports fiscal fourth-quarter earnings after the market closes.

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QVC Operator Liberty Interactive Profit Falls

Liberty Interactive, the parent of home shopping network QVC, posted a 16% decline in profit in the final quarter of the year amid slower consumer demand in the U.S.

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SeaWorld Attendance Declines, Loss Widens

SeaWorld Entertainment Inc. reported a bigger loss in the latest quarter, hurt by higher expenses as fewer people visited its venues.

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U.S. Home Prices End 2016 On High Note, Case-Shiller Says

Home prices grew at the fastest rate in 2.5 years in December, shrugging off higher interest rates to cap a year of robust growth.

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Target Slashes Outlook as Sales Fall

Target said 2017 profits would fall as much as 25% below what Wall Street forecast, and the big-box retailer reported sales and profit declines for the holiday quarter.

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Satellite Startup OneWeb, Intelsat to Merge

U.S. satellite start-up OneWeb Ltd. said it will merge with restructuring satellite operator Intelsat SA, with Japan’s SoftBank Group Corp. injecting $1.7 billion into the combined entity.

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Uber's All-Out Meritocracy Comes Under Fire

Uber enshrines “meritocracy and toe-stepping” in a list of 14 corporate values. That culture is now under scrutiny as the company faces allegations from a former engineer who said last week that managers dismissed her sexual-harassment complaints because the accused employee was a top performer.

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Feeling Burned Out at Work? Join the Club

Burnout is claiming victims at work and companies aren’t ready to cope, say psychology and human-resources experts. An always-on work culture, combined with feelings of job insecurity and directives to do more with less—even when business is booming—has driven workers to the breaking point.

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Valeant's Revenue Falls 13%

Valeant Pharmaceuticals said its revenue fell 13% in the fourth quarter, hurt by the performance of the stomach-drug business it tried to sell late last year as well as lower drug prices.

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U.S. GDP Advanced 1.9% in Final Quarter of 2016

U.S. consumer spending was stronger than initially thought in the final months of 2016, though the overall economic-growth trajectory remained muted amid downward revisions for business investment and government spending.

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Samsung Heir Lee Jae-yong to Be Indicted on Bribery Charges

South Korean prosecutors said they would indict the Samsung conglomerate’s de facto leader Lee Jae-yong on charges of bribery and four other offenses, setting in motion legal proceedings that could put the tycoon behind bars for years.

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SoftBank-Backed Venture in Talks With Intelsat

OneWeb is discussing a possible merger with the debt-laden satellite operator in a bid to maximize subscribers per satellite deployed, two people with knowledge of the matter said.

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What Do You Buy When Trump Wins? A Bentley

A soaring U.S. stock market is propelling sales of superluxury cars. Buyers are feeling more confident about shelling out six figures for a set of wheels as market investors have been on a tear in recent months on bets that the Trump administration will enact business-friendly policies.

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Apple's Next iPhone Will Have a Curved Screen

Apple has decided to adopt a flexible OLED display for one model of the new iPhone coming out this year and has ordered sufficient components to enable mass production.

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SpaceX Proposes a Private Manned Mission to Orbit Moon

Elon Musk’s SpaceX has proposed taking tourists around the moon in as soon as two years, touting such missions as the evolution of public-private partnerships favored by the Trump administration.

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Hertz Swings to Loss on Impairment Charges

Hertz Global Holdings Inc. reported a loss in 2016 as it booked more than $254 million in charges amid continued weakness in its car-rental business.

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Priceline's Profits Jump on Surge in Travel Bookings

Priceline Group’s profit rose a better-than-expected 31% in the fourth quarter amid a jump in travel bookings.

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Snap IPO: A $22 Billion Test for the Unsocial Social Network and Its Elusive Founder

Snap, which this week could become the biggest technology public offering in years, defiantly operates unlike most Silicon Valley outfits, where collaboration and wide-open office spaces are prized. The question is whether this management style and focus on privacy will help the company challenge the Facebook juggernaut.

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Auto Makers Knew Takata Air Bags Were Dangerous, Plaintiffs Allege

Car companies for years equipped millions of vehicles with rupture-prone Takata air bags to save money despite knowledge the devices could endanger motorists, plaintiffs’ lawyers alleged in court documents.

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Johnson & Johnson Prescription Unit List Prices Rose 8.5% Last Year

Johnson & Johnson said it raised the list price of its prescription medicines by an average of 8.5% last year—and 3.5% after discounts—in the health-products company’s first effort to address criticism about the high cost of medicines by opening up about its drug-pricing practices.

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Uber Fires a Top Software Engineer

Uber Technologies Inc. fired a top software engineer for failing to disclose allegations of sexual harassment at his previous employer, Alphabet Inc.’s Google, a person familiar with the matter said on Monday.

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PwC Partner Tweeted Minutes Before Oscar Best Picture Mix-Up

A managing partner at PricewaterhouseCoopers LLP posted a celebrity photo on Twitter backstage at the Academy Awards on Sunday night just minutes before he mistakenly gave an envelope to actor Warren Beatty that set off the disastrous announcement of the wrong best-picture winner.

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Fox News' Head of Ad Sales to Step Down

Paul Rittenberg, one of the first hires at Fox News and the head of advertising sales for network and its sister channel Fox Business Network, will exit at the end of April.

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YouTube Exceeds 1 Billion Hours of Video a Day

YouTube viewers world-wide are now watching more than 1 billion hours of videos a day, a milestone fueled by the Google unit’s aggressive embrace of artificial intelligence to recommend videos.

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Gawker Founder Denton Wants to Leave Bankruptcy Protection

Nick Denton is preparing to wrap up his time in bankruptcy protection, bringing an end to a contentious chapter in the career of the Gawker founder

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FCC Chairman Says Doesn't Expect Agency to Review AT&T-Time Warner

The Federal Communications Commission’s new chairman, Ajit Pai, doesn’t expect the agency to have a role in reviewing AT&T Inc.’s $85 billion takeover of Time Warner Inc.

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Trump to Propose $54 Billion Increase in Military Spending

President Donald Trump’s first budget proposal will seek a nearly 10% boost in military spending, with offsetting cuts from nondefense agencies, administration officials said.

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The World's Most Radical Experiment in Monetary Policy Isn't Working

A generation of Japanese have grown accustomed to falling prices. That’s presented a seemingly impassable obstacle to the central bank, whose negative interest rates and other stimulus policies were supposed to spur wage and price increases.

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Trump to Propose Significant Increase in Defense Spending

President Donald Trump’s first budget will seek a sizable increase in military funding but won’t make changes to the largest future drivers of government spending: Social Security and Medicare.

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Senate Poised to Confirm Wilbur Ross as Commerce Secretary

The Senate is expected to confirm Wilbur Ross as Commerce secretary Monday, an appointment key to allowing President Donald Trump to make progress on his campaign promise to overhaul U.S. trade policy.

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Warren Buffett's Berkshire Hathaway More Than Doubles Stake in Apple

Warren Buffett said his Berkshire Hathaway more than doubled its stake in Apple since the start of the new year, making the Silicon Valley giant one of Berkshire’s biggest equity holdings.

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AT&T Lowers Price of Unlimited Data Plans

AT&T lowered the price of its unlimited data plans less than two weeks after opening them up to all subscribers, and said it would give added discounts to customers who pay for one of its television services.

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Do Nokia, BlackBerry Still Pack a Punch?

Licensing partners hope the answer is yes as they roll out new phones bearing the respected names at the Mobile World Congress.

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GE Chief: Globalization Isn't Over, It Is the End of the 'Global Elite'

In his annual letter to investors, General Electric Chief Executive Jeff Immelt said the conglomerate’s transformation over the past decade has enabled it to profit from increasingly important markets for its jet engines and power turbines.

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Unfilled Antitrust Posts Stir Uncertainty for Companies With Merger Plans

The Trump administration has been slower than the past two White Houses to nominate people to fill top antitrust enforcement posts, injecting uncertainty for companies with pending mergers.

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United Bolsters Its Domestic Routes to Woo More Customers

In a bid to win more customers, United Continental is beefing up its domestic route map while also mimicking a cheap-tickets pricing strategy long pursued by budget airlines.

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Sotheby's Tops Views on Strong Sales

Auction house Sotheby’s delivered top and bottom line beats for the fourth quarter as sales came in stronger than expected.

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Aircraft Sales Boosted U.S. Durable-Goods Orders in January

Orders for long-lasting factory goods climbed last month due to purchases of military and civilian aircraft, overshadowing a weak start to 2017 for business investment in new machinery and other equipment.

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Indian Workers in U.S. Fear Trump H-1B Crackdown

President Donald Trump’s plan to re-examine a range of visa programs to protect American jobs has many Indian engineers and computer scientists employed by U.S. tech companies putting life plans on hold and questioning career decisions.

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Supersmart Robots Will Outnumber Humans Within 30 Years, Says SoftBank CEO

Within three decades, artificial intelligence will be smarter than the human brain, supersmart robots will outnumber humans and more than a trillion objects will be connected to the internet, says the CEO of SoftBank.

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Sony's Virtual-Reality Headset Faces Actual Reality of Modest Sales

Sony sold 915,000 PlayStation VR virtual-reality headsets in the device’s first four months, a pace it called in line with its goals but that analysts said might be too slow to motivate outside software developers.

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Sullivan & Cromwell Hires Former DOJ Antitrust Head Hesse as Partner

Sullivan & Cromwell LLP is hiring Renata Hesse, formerly head of the antitrust division at the Justice Department, as the law firm prepares for a continued wave of complex, cross-border mergers and other deals.

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How to Get Patients to Take More Control of Their Medical Decisions

For years, people have been urged be more active in their own care. Now providers are giving them better tools to make that happen.

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'La La Land,' Other Oscar Hopefuls Found Funding Beyond Hollywood Mainstream

Lions Gate Entertainment Corp.’s “La La Land,” the musical with a record-tying 14 Oscar nominations, received financial backing from Hunan TV & Broadcast Intermediary Co. and Black Label Media.

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Facing Criticism, Drug Makers Keep Lid On Price Increases

Pharmaceutical companies held most of their traditional January list-price increases to under 10% this year, although the median boost was little-changed from 2016. Among the critics they face now is President Trump.

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China's Huawei Battles to Own the Next Generation of Wireless Tech

As the standards for next-generation 5G wireless technology are defined, Huawei—with 80,000 staffers working on R&D—has become a formidable lab force.

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A Jobs Program for Middle America: Code Schools

Boot camps that teach programming skills prove they can rapidly retrain American workers for the 21st century.

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For More Chinese Firms, It Pays to Make It in the U.S.A.

Chinese companies’ recent push to set up factories and expand in the U.S. could accelerate if President Donald Trump fulfills a campaign pledge to tax imports.

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Universal Pictures' 'Get Out' Leads at Box Office

“Get Out” packed them in at the box office this weekend, opening in first place with a robust $30.5 million in the U.S. and Canada.

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Global Economy Week Ahead: Trump, Fed Speeches Set to Guide Interest Rates

This week, key speeches by Donald Trump and top Federal Reserve officials are set to guide interest rates, the dollar and other asset values, while inflation gauges in the U.S., Europe and Japan will signal growth and rate prospects in several of the world’s largest economie

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Economic Surveys Show Deep Splits in Confidence Along Party Lines

Since the election of President Donald Trump, consumer confidence and sentiment surveys that ask participants about the health of the economy have seen their responses divided like never before along partisan lines.

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Snap Brings Camera Into Focus as Social Messaging Tool

On the cusp of going public, Snapchat parent company Snap Inc. is reinventing itself. The hottest new social network in years—with 158 million daily active users—wants to be known as a camera company.

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Back to Basics: LG's New Flagship Phone Ditches Geeky Features

LG’s smartphone business, having run up losses chasing early adopters with envelope-pushing features, seeks a different demographic with its new G6: users who prioritize fundamentals like screen size and battery life.

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Takata to Set Up Fund For Victims of Faulty Air Bags

After resisting the idea, Takata is establishing a fund to compensate victims of its exploding air bags. To sort through the claims, it has picked Kenneth Feinberg, who oversaw compensation funds for victims of the Sept. 11 attacks and Deepwater Horizon oil spill.

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Air-Safety Overhaul Taps Confidential Incident Data to Prevent Crashes

In a move described by proponents as the biggest advance in proactive aviation-safety management in about a decade, U.S. and European regulators are seeking to end strict confidentiality protections that typically have kept some important details on incidents shrouded.

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Wal-Mart Fights a Problem in the U.K.: It's Too Pricey

Wal-Mart’s Asda supermarket chain in the U.K., long one of its most profitable businesses, has been losing customers to discount rivals. Now it’s fighting back.

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Hasbro to Make Play-Doh American Again

Play-Doh will soon be squeezed out of a factory in the U.S. again, as Hasbro brings manufacturing of the popular moldable clay back to America, where it hasn’t been made since 2004.

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Buffett's Berkshire Hathaway Reports Rise in Net Earnings

Warren Buffett’s Berkshire Hathaway Inc. said fourth-quarter net earnings rose nearly 15%, boosted in part by the stock market’s end-of-year gains.

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Wireless Players Tout 5G as They Await Next Smartphone Wave

While wireless carriers battle each other by pushing unlimited data plans riding on their 4G networks, an industry gathering in Barcelona will be looking to the future.

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Trump to Meet With Insurance Executives on Repeal of Affordable Care Act

President Donald Trump is planning to hold a round-table meeting with health-insurance executives at the White House on Monday, according to people close to the planning, as the administration looks to encourage insurers to sign onto Republicans’ health-care overhaul efforts.

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Former SunEdison Executives File Whistleblower Lawsuits

Two former executives at SunEdison, the solar-power company that filed for bankruptcy protection last year, filed whistleblower lawsuits claiming they were fired after sounding the alarm about the company’s precarious finances.

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Capital-Control Policy Puts Brakes on Chinese Investment in Hollywood

China has been snapping up Hollywood companies in recent years, but as the government increases scrutiny of overseas investment, some pending deals face the threat of an unwelcome twist ending.

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Volkswagen Sets New Pay Structure for Executives

Volkswagen unveiled a new pay structure for top management to quell investor ire over the big bonuses paid to leading executives in the wake of its emissions-cheating scandal.

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Apple, Samsung Need to Dazzle in a Slow Market

For the two largest players in the smartphone business, Apple and Samsung, the goal this year is to restore some luster to their brands. Both saw smartphone sales fall for the first time in 2016.

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Tenet Healthcare Earnings: What to Watch

Hospital operator Tenet Healthcare Corp. is scheduled to report its fourth-quarter earnings Monday after markets close. Here’s what you need to know.

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FCC Chairman Ajit Pai Will Seek to Suspend Privacy Rule

FCC Chairman Ajit Pai said he would seek to roll back key portions of an Obama-era privacy rule that cable and wireless firms opposed as unfair.

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Michael Levine Helped End Regulation of Airfares in the U.S.

Michael Levine was a top official at the Civil Aeronautics Board in the late 1970s and helped phase out that regulatory body as airfares were deregulated. He died Feb. 3 at the age of 75.

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SEC Says Conflict Minerals, Pay Ratio Rules Remain In Force

Companies must continue to comply with SEC rules on disclosing “conflict minerals” and the ratio comparing executive pay to the median employee, an agency official said.

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Modifying Fed Stock Rules Could Diminish Reserve Banks' Autonomy

The Government Accountability Office warned further changes to the Fed’s stock ownership requirement could have “wide-ranging policy implications” for the Fed’s structure, and could diminish the autonomy and independence of the 12 regional Fed banks.

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U.S. Consumer Sentiment Falls But Remains Near Decadelong High

A gauge of consumer sentiment fell slightly in February, but remained near a decadelong high, as self-identified Republicans and Independents remain confident in the economy after the election of Donald Trump.

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Vale CEO to Step Down in May

Brazilian mining giant Vale said its chief executive plans to step down when his term ends in May, amid reports of pressure to replace him with a political appointee.

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U.S. New-Home Sales Rose 3.7% in January

Sales of newly built single-family U.S. homes increased 3.7% in January from the prior month to a seasonally adjusted annual rate of 555,000, the Commerce Department said Friday.

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Hilton to Buy Back $1 Billion in Shares, Pay Dividend

Hilton Worldwide Holdings announced a $1 billion share buyback program and launched a dividend as the hotel company charts its path forward after a major reorganization of its business.

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Michael Novak Crafted a Moral Defense of Democratic Capitalism

Michael Novak wrote more than 50 books, including the acclaimed “Spirit of Democratic Capitalism,” a 1982 work that made a moral case for capitalism. Mr. Novak died Feb. 17 at 83.

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World Trade Flows Grew at Slowest Pace since Financial Crisis in 2016

International trade flows grew at the slowest pace since the financial crisis in 2016, but there were signs of a modest pickup as the year drew to a close.

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Trump Team Broadens Search for Fed Regulatory Post

The Trump administration has broadened its search for a key regulatory job at the Federal Reserve, according to people familiar with the matter, meeting in recent weeks with at least two people about the post of Fed vice chair in charge of bank oversight.

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Software Bug at Internet-Service Provider Sparks Privacy Concerns

A software bug at Cloudflare that caused it to leak data has created a potential security headache for thousands of its corporate customers.

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J.C. Penney to Close More Than 100 Stores

J.C. Penney will shutter two distribution centers and 130 to 140 stores as the big-box retailer contends with falling foot traffic. The company also reported its first annual profit since 2010.

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GM, Tech Industry at Loggerheads Over Self-Driving Cars

General Motors is backing legislation in numerous states that tech companies say is designed to put them at a disadvantage in the nascent market for autonomous vehicles. GM denies the claim.

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How Nasty Gal Went From $85 Million in Sales to Kaput

The spiral into bankruptcy of Sophia Amoruso’s Nasty Gal, an online retailer once popular with millennial shoppers and venture capitalists, shows how its swift growth led to stumbles.

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Scandal-Struck Samsung Tightens Donations Policy

Samsung Electronics, facing bribery allegations tied to a political-corruption scandal, said it will create a committee to review donations and be more open about when it gives money.

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Nordstrom Sales Rise on Discount Stores Strength

Nordstrom Inc. posted higher earnings and revenue in the latest quarter, helped by sales at the department store operator’s off-price retailers.

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Japan Unleashes Its Inner Slacker: Leave Work Early (Once a Month)

Premium Friday’s goal is to improve productivity, reduce employee overwork and increase consumption. But will Japanese people take the bait?

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British Airways Parent's Profit Takes Off

British Airways parent IAG reported a 29% rise in net profit and announced a $530 million share buyback in a sign of improving profitability.

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Hanjin Creditors Fighting Over Who Can Sell Shipping Containers

Stacks of sky-blue shipping containers, one of the last assets of bankrupt Hanjin Shipping Co., litter ports on both coasts. Now a fight is brewing in U.S. Bankruptcy Court over who can sell them.

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Alphabet's Waymo Sues Uber Over Self-Driving Car Secrets

Google parent Alphabet’s heated rivalry with Uber over self-driving cars has spilled into the courthouse, after the internet giant sued the ride-hailing company for allegedly stealing trade secrets to jump-start its own autonomous vehicle program.

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Fed Isn't Ready to Cut Balance Sheet Yet

Fed Chairwoman Janet Yellen and other top central bank officials are in no hurry to reduce their $4.5 trillion portfolio of securities and other assets, effectively pushing back on several regional Fed bank presidents who have suggested starting the process this year.

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Coca-Cola Needs to Be More Than Just Coke, its Next Chief Says

James Quincey, Coke’s current chief operating officer who will take the reins in May, said the company must speed up the development of products beyond soda.

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Where Are The Toilets? Order Glut Stretches Giant Jet Makers to Limit

Steep production increases, caused by rapid airline expansion, are straining the supply chain that serves Airbus and Boeing. Suppliers of seats, toilets and engine parts are struggling to keep up.

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Alan Colmes: The Liberal Voice in Fox's Long-Shot Effort to Disrupt Cable News

Alan Colmes, the Fox News commentator who provided a liberal outlook for the conservative-leaning station and was part of its long-shot effort in the 1990s to disrupt the cable TV business, died Thursday. He was 66.

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HP Enterprise Posts Steep Revenue Drop, Lowers Outlook

Hewlett Packard Enterprise suffered its steepest drop in quarterly revenue since it split from the PC and printer business, and lowered its outlook for the year, suggesting further weakness in corporate tech spending.

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Disney Lays Off About 80 From Maker Studios

Walt Disney Co. is laying off about 80 people as it radically shrinks the number of YouTube creators supported by its Maker Studios unit.

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Trump Trades Policy Ideas, Jokes With Manufacturing Chiefs

President Donald Trump convened the leaders of some of the country’s biggest manufacturers at the White House to share proposals for overhauling corporate taxes and regulations, and reviving the manufacturing sector.

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Pension Funds Hope to Close the Gap Through Trump Tax Policies

President Donald Trump’s promises to cut corporate taxes and ease companies’ ability to repatriate overseas cash could help corporate and public pensions close their massive deficits

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Malls' Woes Hurt Victoria's Secret, Bath & Body Works

Dwindling traffic at U.S. shopping centers has caught up with Victoria’s Secret and Bath & Body Works, two retail stalwarts that previously shrugged off the trend.

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Rocket Internet Fizzles as Biggest Investor Halves Stake

A collaboration that created some of Europe’s largest e-commerce businesses moved closer to dissolution when Swedish investment group Kinnevik announced it had halved its holding in Rocket Internet.

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Boston Scientific Recalls Lotus Heart Valve Replacement Device

Boston Scientific said it voluntarily recalled all of its Lotus Valve heart devices from commercial and clinical sites because of manufacturing defects.

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Casino Companies Seek a Foothold in Georgia, a Gambling Holdout

The world’s largest casino corporations have set their sights on Georgia this year, hoping state legislators will consider opening up one of the nation’s last untapped regional markets to full-service gambling.

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Companies Seek to Sway Trump Administration on FTC Choice

The top candidates for FTC chairman are Utah attorney general Sean Reyes, who favors greater scrutiny of Google, and current acting Chairman Maureen Ohlhausen, a veteran official of the consumer-protection agency.

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Crown Puts Big China Play on Hold

Crown Resorts is dialing back efforts to attract Chinese high rollers to its Australian casinos, as Beijing’s graft crackdown and the recent arrests of Crown employees in China cast a shadow over the gambling industry.

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In Handing Off Nissan, Ghosn Focuses on the Broader Alliance

Carlos Ghosn solved one succession issue at his global auto alliance, tapping a longtime lieutenant to run Nissan, but it may take a Ghosn clone to address the rest of the challenges

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U.S. Jobless Claims Move Higher

The number of Americans applying for unemployment benefits rose slightly last week, though the overall level remains consistent with a labor market that continues to add jobs.

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Border-Adjustment Tax Divides Energy Sector

The proposal could benefit companies that export fuel products or sell domestic crude by making imported oil more expensive, but it also could hurt companies that must import crude from other countries.

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Brazil Graft Scandal Has Firms Bulking Up Compliance Ranks

Companies in Brazil are racing to hire compliance officers to root out corruption, in a sign that the country’s investigation into graft at its state-run oil company is prompting a wider cleanup of Brazilian business.

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Google Team Cracks Longtime Pillar of Internet Security

A cryptographic technology long central to internet security has been dealt a knockout blow by researchers at Google and a Dutch research institute.

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Norwegian Air Announces New U.S. Trans-Atlantic Flights Costing From $65

European budget carrier Norwegian Air Shuttle said it would begin flying single-aisle planes nonstop from the U.S. to Europe starting in June bringing direct trans-Atlantic flights to a new range of East Coast cities not typically served by such links. The airline is promising fares as low as $65.

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Business Leaders Send Trump Their Deregulation Wish List

The Business Roundtable, whose members include executives on the president’s manufacturing advisory council, identified more than a dozen major regulations it said should be revamped or scrapped across labor, health, finance and the environment.

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Peugeot Resumes Dividend as Profit Jumps

Peugeot, the French car maker in advanced talks to buy the European operations of General Motors, will pay its first dividend for six years after posting a sharp rise in net profit for 2016.

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Glencore Returns to Profit on Commodities Boom

Glencore swung into the black last year on surging commodity prices, an eye-popping recovery for the Swiss mining giant, which a year earlier reported billions of dollars in losses.

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Cruise Operator Wants You on a Slow Boat From China

A Shanghai shipyard will build the first oceangoing cruise ships ever constructed in China, as the global cruise industry chases surging Chinese demand for foreign travel.

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Judge Rules Against California Law Allowing Actors to Hide Age on IMDB

A new California law that is supposed to help movie actors hide their ages from the public almost certainly violates the First Amendment and may not be enforced for now, a federal judge ruled Wednesday.

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Bayer Details Financing Plan for Monsanto Deal

Bayer CFO Johannes Dietsch said the company will stick to its plan to raise $19 billion in equity before moving on to a rights and bond issue, providing more detail on the financing to buy Monsanto.

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Carlos Ghosn Resigns as Nissan CEO

Nissan Motor Chief Executive Carlos Ghosn will step down from that role in April and will be replaced by Hiroto Saikawa, his recently appointed co-CEO, the company said.

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Brad Grey to Step Down as CEO of Viacom's Paramount Pictures

Viacom confirmed that Paramount Pictures Chief Executive Brad Grey will step down after 12 years in that role, and his reports will carry the mantle until a replacement is found.

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Jack Dorsey's Square Hits Its Stride as Twitter Pauses

Payments provider Square finished its first year as a public company with quarterly revenue that exceed expectations and a narrower loss.

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HP Revenue Grows Again on PC Rebound

HP Inc. said sales rose for a second straight quarter after a slump, as the personal-computer business showed further signs of life.

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Treasury Secretary Mnuchin Praises Stronger Dollar

U.S. Treasury Secretary Steven Mnuchin said the strong U.S. dollar is a reflection of confidence in the U.S. economy and its performance compared with the rest of the world—and was a “good thing” in the long run.

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Immigrant Crackdown Worries Food and Restaurant Industries

The food industry is girding for the Trump administration’s immigration enforcement, with farm groups and food processors fearing worker shortages that could hobble harvesting and leave restaurants and slaughterhouses short-staffed.

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Tesla Loss Narrows in Fourth Quarter

Tesla’s fourth-quarter loss narrowed in its latest quarter, after the company marked its second-best period of sales thanks to the introduction of the Model X sport-utility vehicle.

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Fitbit Posts Its First Quarterly Loss Since Going Public

Fitbit posted a quarterly loss for the first time since the company went public, dogged by lackluster holiday sales of its new fitness trackers.

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IRS Audits of Individuals Drop for 5th Straight Year

U.S. tax audits of individuals declined for the fifth straight year in 2016 and reached the lowest level since 2003, according to preliminary Internal Revenue Service data released on Wednesday.

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VW Buybacks Fill Dealerships but the Trick Is the Next Sale

Volkswagen has bought back 125,000 diesel vehicles from owners affected by the company’s emissions-cheating scheme, helping spur showroom traffic in recent months for hundreds of U.S. dealers who weathered brutal sales declines in the wake of the scandal.

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Fed Minutes: Officials See Rate Increases 'Fairly Soon'

Federal Reserve officials at their latest meeting anticipated raising short-term interest rates “fairly soon” in light of an improving economy and the possibility that the Trump administration’s proposed economic policies could push inflation up faster than anticipated.

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Trump's Hard Line on Immigration Collides With U.S. Demographics

President Trump hopes to deliver growth above 3% in the coming decade, which would be hard in the best of times. He and some of his fellow Republicans seem intent on making it even harder by putting the brakes on immigration, Greg Ip writes.

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Technology Hangups Drive Car-Durability Complaints

A growing number of car buyers say vehicles are getting too smart for their own good, with concerns about technology dragging down the auto industry’s durability scores for the second consecutive year.

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The Best Way for Travelers to Get Answers From TSA

Scott McCartney finds the agency surprisingly adept at solving problems with PreCheck via social media and answering questions like, ‘Are live bees OK for carry-on?’

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Apple to Open New Campus; Theater Named for Steve Jobs

Apple will open its new California campus in April. One of co-founder Steve Jobs’s final projects, the cost of Apple Park is expected to be in the range of $3 billion to $5 billion.

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Dow, DuPont on Track to Get Merger Approval From EU

Dow Chemical Co. and DuPont Co. are on track to win regulatory approval from the European Union’s competition watchdog after the companies offered to sell businesses to ease antitrust concerns, people familiar with the matter said.

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Second Theranos Lab Has Blood-Testing License Revoked

A lab run by blood-testing firm Theranos in Arizona put patients at risk and failed to quickly fix its deficiencies, a regulator found, triggering a new round of sanctions by the U.S. agency against the company.

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Google's Waze Plans Expansion of Ride-Sharing Service

Google is planning to dramatically expand a carpool service on its popular navigation app Waze, setting the tech giant on a collision course with the ride-sharing industry.

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Unilever Launches Review After Rejecting Kraft Heinz Offer

Consumer-goods group Unilever said it was embarking on “comprehensive” review to wring out more value for shareholders, just days after rejecting a $143 billion offer from Kraft Heinz.

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U.S. January Home Sales Reach Highest Level in a Decade

U.S. home sales rose in January to the highest level since February 2007, the National Association of Realtors said Wednesday.

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China's Top P2P Lender Pivots Away From the Business

The world’s most valuable peer-to-peer lender, China’s Lufax—valued at $18.5 billion and No. 1 at home with 13% of the market—is making a shift into the country’s booming retail-investment market.

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Tesla Earnings: What to Watch

Tesla Inc.’s fourth-quarter financial results are expected to be released after the market closes on Wednesday.

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Treasury Secretary Urges IMF to Police Exchange-Rate Policies

Steven Mnuchin told IMF Managing Director Christine Lagarde that he expects the fund to “provide frank and candid analysis of the exchange-rate policies of IMF member countries.”

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Fed Minutes Could Offer Hints on Timing of Rate Rises

Minutes from the Federal Reserve’s latest policy meeting, to be released Wednesday, could provide insight on what officials are thinking about the timing of interest-rate increases and possible fiscal policy changes under the Trump administration.

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Peugeot Chief Seeks to Turn from Hunted to Hunter

Peugeot CEO Carlos Tavares spent his first three years in the repair shop, working to fix a French auto maker that many thought had seen its best days. Now he is ready to drive the company onto the world stage.

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Bayer CEO Confident Monsanto Purchase Will Be Approved by End of Year

The chief executive of the German conglomerate said he was confident its planned $57 billion acquisition of the U.S. company would overcome any regulatory obstacles and close by the end of the year, despite delays with antitrust authorities.

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$100 Million Stolen in 'Criminal Scheme' at ABB

Swiss engineering company ABB said it uncovered a “sophisticated criminal scheme” in a South Korean subsidiary that led to about $100 million being stolen from the company.

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Airbus Profit Hit by Charge on Troubled Military Plane Program

Airbus reported a 66% fall in full-year net profit after the plane maker was hit by a $1.26 billion charge on a troubled key military aircraft program.

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Wal-Mart, Home Depot Show Big Box Stores Aren't Dead

Wal-Mart and Home Depot showed they can still find ways to entice shoppers to their physical stores, despite a continuing consumer shift toward online buying.

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A Strategy for Happy Dual-Career Couples

How some working parents make a counterintuitive approach work: Both take on new or challenging jobs at the same time, writes Sue Shellenbarger.

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Milo Yiannopoulos Resigns From Breitbart News

Milo Yiannopoulos, a media provocateur who had become an outspoken voice in conservative politics, has resigned from the hard-right news site Breitbart News after a video surfaced in which he made remarks that appeared to condone sex between grown men and underage boys.

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Canada's Maple Leaf Foods Buys Maker of Meatless Products

Canadian meat company Maple Leaf Foods said it was acquiring Lightlife Foods, a company specializing in vegetarian sausages and burgers, for $140 million.

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Snap Kicks Off Pre-IPO Roadshow for Potential Investors

Hundreds of potential investors crowded a ballroom of New York’s Mandarin Oriental on Tuesday to grill Snap Inc. executives about how they’re going to turn their popular disappearing-message app into a moneymaking machine.

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XPO Logistics Profit and Revenue Exceed Estimates

XPO Logistics Inc. reported stronger-than-expected profits and revenue, riding a surge in online shopping that drove demand for the company’s logistics and specialized delivery businesses.

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Starboard Takes 6.6% Stake in Tribune Media

Hedge fund Starboard Value LP has opened a 6.6% stake in Tribune Media Co. but has no immediate plans to push for change.

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Carl Icahn Takes Stake in Bristol-Myers

Carl Icahn has taken a stake in Bristol-Myers Squibb Co., making him the second big activist to pressure the company following disappointment in its cancer-treatment efforts.

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Alexa, Siri, Cortana: The Problem With All-Female Digital Assistants

Men and women may prefer female voices for their digital assistants, but it’s about time we had more male options, writes Joanna Stern.

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UPS to Start Ground Deliveries on Saturdays

United Parcel Service said it would start making ground deliveries on Saturdays and showed off a drone delivery test, part of broader investments by the carrier to try to keep up with the shift to online shopping.

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Can an Outside CEO Succeed? Look at the Board

CEOs hired from outside a company are more likely to have poor business performance and short tenures if their new employer’s board is more diverse than corporate boards they previously served, a study finds.

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Owner of Burger King and Tim Hortons to Buy Popeyes

Restaurant Brands, the owner of Burger King and Tim Hortons, said it would buy Popeyes Louisiana Kitchen for about $1.64 billion. Executives said they see huge growth potential for Popeyes in Asia.

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Nascar, Once a Cultural Icon, Hits the Skids

Stock-car racing ’s founding family draws criticism from drivers and team owners as fan interest burns down and sponsors retreat; ‘economics and demographics.’

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American Airlines Rolls Out First of its 'Basic Economy' Cheaper Tickets

American Airlines Group Inc., following a commitment it made in January following months of planning, said it has made available for sale cheaper economy-class fare options that come with passenger restrictions on 10 domestic routes.

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Boeing Looks to Build Satellites More Quickly, With Fewer Workers

Boeing is taking steps to build satellites more quickly through new production practices that will rely more on 3-D printing and involve fewer workers, which eventually could transform the aerospace giant’s traditional way of turning out high-end commercial and military spacecraft.

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Verizon and Yahoo Agree to New Terms Following Breaches

Verizon revised terms to buy Yahoo’s internet business, shaving $350 million off the $4.83 billion price and setting a plan to share future costs arising from past data breaches. A look at why Verizon felt compelled to proceed.

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Anglo American Soars Back to Profit

Anglo American swung back to profitability last year amid the rebound in commodity prices and one of the most sweeping structural changes a global corporation has seen in years.

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CSX Chief to Retire as Hunter Harrison Vies for Position

CSX said that Michael Ward, its chairman and chief executive, will retire in May as railroad veteran Hunter Harrison and an activist investor try to shake up the company and grab the top spot.

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Tiffany to Add Board Members in Deal with Jana

Tiffany & Co. and activist investors reached a deal to add board members and oversee the jewelry company’s search for a new chief executive.

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In Refugees, Companies Find a Talent Pool---and Training Challenges

Refugees have become an important source of labor for some companies, but employers find they need to offer support services including translation, tips for navigating new homes and lives, and training in American-style management techniques.

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Mall Landlords' Next Act: Apartments and Concerts

As they sell noncore assets, mall landlords are dipping their toes into luxury residential buildings, organizing events and investing in new technologies to engage with consumers.

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Lawmakers Push for Tighter Scrutiny of Chinese Investment in U.S.

Lawmakers from both parties are mounting efforts to bolster scrutiny of surging Chinese investment in the U.S., emboldened by President Donald Trump’s anti-China rhetoric on trade.

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Wal-Mart, Spending to Fend off Amazon, Posts Earnings Decline as Revenue Grows

Wal-Mart’s profit fell 18% in the fourth quarter as it continues to boost spending to thwart competition from online retailers like Amazon, as revenue was boosted by e-commerce sales.

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U.S. Appetite for Organic Food Sparks Jump in Grain Imports, to Farmers' Dismay

Organic grain is flooding into the U.S., pushing down prices despite booming sales of organic foods. U.S. farmers are crying foul, contending their crops are held to stricter standards than foreign-raised crops.

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Tyson Seeks Lead in No-Antibiotics Poultry

Tyson Foods Inc. plans to eliminate antibiotics used on poultry in its flagship chicken products, as the largest U.S. meat company mounts a new push to burnish its brands.

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Telefónica Sells Telxius Stake in Debt-Reduction Drive

Telefónica has agreed to sell up to 40% of its Telxius infrastructure unit to KKR & Co. as the Spanish telecommunications giant seeks funds to whittle down its debt.

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China's Geely Plans Bid for Malaysian Car Maker Proton

China’s Zhejiang Geely, owner of Volvo Cars, is readying a bid for a majority stake in Malaysian car maker Proton Holdings, which plans to select a foreign strategic partner in the first half of this year.

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Dalian Wanda's Dick Clark TV Deal Hits Hurdle

The $1 billion purchase of Dick Clark Productions by China’s Dalian Wanda has stalled amid Beijing’s clampdown on capital leaving the country.

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'The Great Wall' Has Weak North American Opening

Backers’ hopes that “The Great Wall” would be the first global hit made in China fizzled this weekend as the big budget movie opened to a soft $21.7 million in the U.S. and Canada.

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Simon & Schuster Cancels Publication of Milo Yiannopoulos Book

CBS Corp.’s Simon & Schuster publishing arm said Monday it has canceled the upcoming publication of a book by Milo Yiannopoulos, after a video surfaced in which the controversial conservative journalist appeared to condone sex between men and young boys.

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Why Bosses Should Stop Thinking of A, B and C Players

Putting employees into performance boxes hurts the workers—and the company.

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Want to Be a CEO? It Helps to Look the Part

New research suggests having a ‘look’ of competence is important in becoming a CEO.

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WhatsApp Adds Snapchat-Like Story Feature Called Status

WhatsApp’s 1.2 billion users will soon find a new feature that looks like it came straight from Snapchat. The Status tool will let people share photos, videos and animated GIFs with friends, all of which will disappear after 24 hours.

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Saudi Arabia Favors New York for Aramco IPO

Saudi Arabia is leaning toward listing its giant, state-run oil company in New York, London or Toronto and has soured on the prospect of floating the firm on an Asian stock exchange, people familiar with the matter said.

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Knead Slime? These Business Girls Can Fix You Up

Adolescent entrepreneurs cook up glutinous goop classmates love to squeeze, fold and poke. First ingredient: Elmer’s glue.

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Toys "R" Us Lays Off 10%-15% of Corporate Employees

Toys “R” Us Inc. recently laid off between 10% and 15% of its corporate employees, the latest retailer to cut jobs as shopping rapidly shifts from physical stores to online ones.

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Kraft's Interest in Unilever Comes Right Out of 3G's Playbook

Behind Kraft’s short-lived bid for rival packaged-food giant Unilever is a basic conundrum: The company is running out of ways to improve profitability through its own cost cuts.

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President Trump Will Be Able to Recast the Fed by Filling Vacancies

President Donald Trump will be able to recast the Federal Reserve by filling three or more vacancies on its seven-member board of governors, and is leaning toward candidates with banking and financial world experience rather than academic economists.

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Unilever Pressure Rises After Kraft Heinz Withdraws Bid

After the collapse of Kraft Heinz’s short-lived $143 billion attempt to buy Unilever, pressure is mounting on the Anglo-Dutch consumer-goods company to make bolder moves to buoy the stock price.

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Samsung Heir, Seeking to Remake Family Legacy, Instead Faces Scandal

Lee Jae-yong took the South Korean conglomerate’s reins vowing to reshape it along Silicon Valley lines. Now a corruption probe has dragged him in, raising the biggest doubts yet about whether he has ushered his giant chaebol into a new era.

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Alibaba Teams Up With Traditional Retailer

Alibaba Group is forming a strategic partnership with brick-and-mortar retailer Bailian Group in a deal that underscores the continued importance of traditional retailing.

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Snap Tries to Jump-Start Spectacles' Sales as Novelty Fades

As the company behind the popular messaging app Snapchat begins marketing its initial public offering this week, it will need to ensure its other product doesn’t become an afterthought.

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Trump Backing for Bayer's Monsanto Deal Buoys Investors

Investors in Bayer have taken heart from President Donald Trump’s apparent support for the German pharmaceuticals and chemicals firm’s planned $57 billion takeover of U.S. seed giant Monsanto.

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Wall Street Starts to Contemplate GE After Jeff Immelt

Jeff Immelt gives no public signs he’s ready to retire as chief executive of General Electric, but investors are increasingly preparing for the inevitable.

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Smartphone Addicts Behind the Wheel Drive Car Insurance Rates Higher

Costs associated with car crashes are outpacing premium increases for some insurance companies, and insurers say the use of smartphones to talk, text and access the internet while on the road is a new and important factor behind the wrecks.

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Uber to Investigate Sexism, Harassment Claims

Uber Technologies plans to investigate claims by a former engineer that the company failed to discipline a manager who mistreated female employees and ignored complaints of sexual harassment.

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Cruise Lines Woo the Never-Cruisers

Arnold Donald, CEO of Carnival, says the answer is technology and exceeding expectations.

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Global Economy Week Ahead: Eurozone PMI, U.S. Home Sales, Fed Minutes

This week, housing data from the U.S. will offer clues on how a pickup in mortgage rates has affected the market, surveys of purchasing managers will give an early look at how the eurozone economy is holding up in February, and the Bank or Korea releases a policy statement.

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Trump Team Eyes Change in Calculating Trade Deficit

The shift on counting exports would make the U.S. trade gap appear larger than it had in past years, which could give the administration ammunition in arguing that trade deals need to be renegotiated.

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SpaceX Launches Its First Rocket From Iconic Florida Pad

Space Exploration Technologies successfully launched a cargo capsule into orbit Sunday from the Kennedy Space Center pad from which Apollo 11 took off and which served as home base for the space shuttle.

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For Generation Z, 'Live Chilling' Replaces Hanging Out in Person

For Generation Z, ‘live chilling’ replaces hanging out in person. Teens are finding their friends via video chat, in apps such as Houseparty, Fam and Kik, writes Christopher Mims.

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Kraft Withdraws $143 Billion Offer for Unilever

Kraft Heinz Co. has withdrawn its $143 billion offer for Unilever PLC after the Anglo-Dutch CEO warned board members and investors against the deal.

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Unilever Chief Raises the Defenses as Kraft Heinz Circles

Paul Polman is digging in to resist Kraft Heinz’s $143 billion offer, warning board members and investors that Kraft’s cost-cutting ethos could damage Unilever brands.

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Mining Giants Ride Copper's Wave

Copper bulls are looking smart. Some of the world’s biggest mining companies are now poised to reap the rewards, with Anglo American, BHP Billiton and Glencore set to report earnings this week.

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Advisers in Kraft's Bid for Unilever Fit Familiar Strategy

Kraft Heinz’s $143 billion unsolicited bid for Anglo-Dutch rival Unilever took investors by surprise, but the identity of advisers working on the megadeal likely didn’t.

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Former Business Partner Speaks Out Against Trump

A billionaire real-estate developer is breaking with Donald Trump over the president’s immigration policies and stance toward Mexico, the latest high-profile businessman to publicly criticize the administration.

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May to Meet Peugeot CEO on Concerns Over Vauxhall

British Prime Minister Theresa May is expected to meet Peugeot Chief Executive Carlos Tavares this week to discuss the French car maker’s proposal to buy General Motors’ Vauxhall unit.

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India Begins Building on Its Citizens' Biometrics

India is offering the world’s largest biometric-identity database for use by Indian companies and novice app developers—an opportunity that excites fans of cyber transactions but worries privacy advocates.

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Key to Pandora's Subscription Hopes: Country Music

As the Internet-radio giant enters the competitive field of subscription streaming services, it hopes to ride its edge with country-music lovers.

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General Mills Lowers Sales, Profit Forecast

General Mills cut its already-downbeat sales and earnings forecast for its current year on weaker-than-expected sales U.S. yogurt and soup.

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Deere Gives Upbeat Outlook as Earnings Fall

Deere & Co. said demand for its farm machinery is improving, offering fresh optimism that the three-year long slide in equipment sales is beginning to ease. It also raised its sales growth forecast for this year.

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Insurers Voice Concern Over House GOP's Outline for Health Law Repeal

House Republicans’ outline of an Affordable Care Act repeal plan left health insurers increasingly worried about the future of the health law’s exchanges, despite a Trump administration proposal earlier this week aimed at providing stability.

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Air Canada Loss Widens

Air Canada on Friday reported a bigger fourth-quarter loss as the country’s biggest airline was hit by rising fuel costs and pension charges despite a sharp increase in passengers.

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Kraft's $143 Billion Bid for Unilever Highlights Squeeze in Consumer Goods

Kraft Heinz has made a $143 billion approach to take over U.K. consumer-products giant Unilever, a move that would bring together some of the best-known household brands in the world.

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Big Food Looks to Startups for Ideas, Innovation

Food giants are starting venture-capital funds to invest in startups focused on healthier and less-processed foods. Kellogg and General Mills are betting these younger companies can teach them to be more entrepreneurial and innovative.

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Brad Grey to Leave CEO Post at Viacom's Paramount Pictures

The former talent manager who has run Paramount for more than a decade is stepping down at the request of his new boss, Viacom CEO Bob Bakish, according to people familiar with the matter.

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Trump Praises Boeing, Suggests More Plane Purchases Coming

President Donald Trump heaped praise on Boeing and suggested the U.S. government could increase its business with the aerospace company as he delivered an economic-themed speech that had many campaign trail overtones.

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Big Apartment Landlord Sues Airbnb

One of the largest U.S. apartment landlords has filed civil lawsuits in California and Florida against Airbnb, alleging its tenants are renting out units on the site in violation of their leases and are creating unsafe conditions for other tenants.

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Miles Cahn Turned Coach Into a Household Name

In 1961, Miles Cahn and his wife, Lillian, had founded Coach Leatherware, unwittingly setting in motion a revolution in American women’s handbags. Mr. Cahn died on Feb. 10. He was 95.

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Whole Foods Shareholders to Meet Amid Pressure on the Board

Whole Foods Market’s annual meeting of shareholders will convene Friday amid investors’ concerns about the organic food retailer’s ability to make changes to address sustained declines in sales growth and steep reductions in its share value.

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Moody's Swings to Loss on DOJ Settlement Charge

Moody’s Corp. swung to a loss in the final quarter of the year as it booked a hefty charge related to its settlement with the Justice Department.

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Trump Team's Growth Forecasts Far Rosier Than Those of CBO, Private Economists

The Trump administration has drafted preliminary economic growth forecasts in its federal budget planning that rely on assumptions that are far rosier than projections made by independent agencies and most private forecasters, according to several people familiar with the discussions.

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Conference Board's Leading Indicators Index Rises Again

The Conference Board’s leading economic index jumped again in January, a sign that the U.S. economy could continue growing in the first half of this year.

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Congress Tests Trump Officials on Trade

Lawmakers from both parties are showing early resistance to President Donald Trump’s trade policy, a key pillar of his 2016 “America first” campaign.

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As Tax Debate Heats Up, Lawmakers Struggle to Think of a Plan B

Despite widespread criticism, border adjustment isn’t dead, and that is partly because Republicans haven’t developed palatable alternatives that avoid huge budget deficits or prevent the corporate tax base from fleeing abroad.

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Hanjin Shipping Is Declared Bankrupt

A South Korean court pulled the plug on Hanjin Shipping, declaring it bankrupt and ordering the liquidation of a company that has led the country’s shipping industry for the past four decades.

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UAW President Aims to Meet With Trump to Discuss NAFTA

United Auto Workers President Dennis Williams said the union has had no engagement with the Trump administration but is eager to meet with the president to discuss the North American Free Trade Agreement.

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Congress Debates Use of Food Stamps to Buy Junk Food

The U.S. food stamp program faced intense scrutiny on Thursday as members of Congress debated whether to prevent consumers from spending allowances on sugary soda, candy and other items deemed unhealthy.

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AT&T to Sell Unlimited Wireless Data Plan Without Pay TV

AT&T is opening up its unlimited wireless data plans to all potential customers, not just those who buy its television service, days after rival Verizon Communications Inc. began offering unlimited plans for the first time since 2011.

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Jared Kushner Delivers Critique of CNN to Time Warner Executive

Jared Kushner, President Donald Trump’s son-in-law and close adviser, met with a senior Time Warner executive in recent weeks and expressed the administration’s deep concerns about CNN’s news coverage.

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Zuckerberg Lays Out Vision for Facebook in New Mission Statement

Facebook CEO Mark Zuckerberg is setting his eyes on becoming what he calls the “social infrastructure” for the company’s nearly two billion users.

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Seoul Court Approves Arrest Warrant for Samsung Heir Lee Jae-yong

A South Korean court approved an arrest warrant for Lee Jae-yong, the de facto leader of the Samsung conglomerate, over his alleged role in a corruption scandal that has shaken South Korea’s political and corporate establishments.

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Theranos Had $200 Million in Cash Left at Year-End

The embattled blood-diagnostics firm had $200 million of cash on hand at the end of 2016, people familiar with the matter said, less than a quarter of the funding it raised from investors and partners.

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PewDiePie Says WSJ Took Anti-Semitic Content Out of Context

Felix Kjellberg, the YouTube star known as PewDiePie, apologized for content in one of his videos but accused The Wall Street Journal and other media of taking other material out of context in scrutinizing his use of Nazi and anti-Semitic imagery and language.

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Bob Diamond's African Dreams Start to Unravel

The ex-Barclay’s chief is looking like the last person standing at the troubled African banking group he co-founded three years ago.

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Anthem Wins Temporary Order Blocking Cigna's Push to End Deal

A Delaware judge issued a temporary restraining order that blocks Cigna from immediately terminating its troubled $48 billion merger with rival health insurer Anthem.

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Trump Picks Alexander Acosta to Serve as Labor Secretary

President Donald Trump will nominate Alexander Acosta as Labor Secretary, two people familiar with the matter said.

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Senate Confirms Mick Mulvaney as OMB Director

The U.S. Senate confirmed Rep. Mick Mulvaney to lead the Office of Management and Budget, putting a persistent critic of federal spending in charge of setting fiscal priorities for President Donald Trump.

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U.S. Household Debts Climbed in 2016 by Most in a Decade

The total amount of debt held by American households climbed in 2016 by the most in a decade.

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Kate Spade Confirms It Is Exploring Options

Kate Spade acknowledged it was reviewing its strategic options as it posted higher revenue and profit in the fourth quarter amid a weak handbag market.

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Hunter Harrison Frustrated by CSX Board, Activist Partner

Hunter Harrison is disappointed that “chest pounding” between his activist investment partner and directors of CSX Corp. contributed to a breakdown in negotiations for him to take the helm of the railroad.

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With $15 Left in the Bank, a Baby Boomer Makes Peace With Less

Facing relatively small savings and five times more debt than previous generations, many retirees are making fundamental lifestyle changes; Ms. Wolf trades California for Iowa

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Austria Seeks Compensation From Airbus on Eurofighter Deal

Austria’s defense ministry is pursuing a criminal complaint against Airbus reigniting fraud allegations in a controversial combat plane purchase at a time the European plane maker is facing corruption probes on multiple fronts.

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Snapchat Parent Sets Valuation of Up to $22.2 Billion

Snap Inc. set a valuation for itself between $19.5 billion and $22.2 billion, as the disappearing-message app company nears its landmark initial public offering, the company confirmed Thursday.

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Nestlé Drops Targets as Consumer Giants Struggle

Nestlé has thrown out its long-running annual sales-growth target—at least for the next three years—as the world’s largest packaged-food company struggles alongside the rest of the industry against ultralow inflation and fast-changing consumer tastes.

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Government Landlord Pays Millions Each Year to Trump Company

President Trump’s company receives tens of millions of dollars a year from Vornado Realty Trust, which relies on the federal government for a significant portion of its revenue and is vying for new work from the Trump administration.

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Shopping Online for $26,000 of Herbicides

Farmers are turning to the internet to save on purchases of seeds, fertilizer and other supplies, threatening a decades-old system built around local farm stores and co-ops.

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Young Consumers Tap Online Market for Recycled Apparel

While many apparel retailers are struggling with shrinking sales, the U.S. volume of clothing and other items being traded online through reselling services has more than doubled since 2013, and the market is now slightly more than $2 billion.

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21st Century Fox Faces Probe Over Funds to Settle Sexual-Harassment Claims

Federal prosecutors are investigating whether the company made insufficient disclosures to its investors about settlements over claims against former Fox News Chairman and Chief Executive Roger Ailes.

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If Car Industry Retools, Parts Makers Will Reel

Barriers to trade are bearing down on the auto industry. Parts makers have the most to lose.

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U.S. Private Housing Permits Rose to Highest Level in 14 Months

Private housing permits rose to the highest level in 14 months in January, a sign of healthy demand amid steady job creation.

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U.S. Jobless Claims Rise Slightly

The number of Americans applying for unemployment benefits rose slightly last week, though the overall level remains consistent with a labor market that continues to add jobs.

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Andy Puzder, Donald Trump's Labor Pick, Withdraws

Andy Puzder withdrew himself from consideration to become Labor secretary after Republican support in the Senate disintegrated over personal issues that dogged the fast-food executive leading up to a planned confirmation hearing.

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Snapchat Parent Snap Inc. Sets Valuation at $19.5 Billion to $22.2 Billion

The valuation, which equates to $14 to $16 a share, is near the low end of the initial range the Snapchat parent company had earlier targeted. 

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Behind the Fortress Deal: A Japanese Billionaire's Huge Ambitions

The deal to acquire Fortress Investment Group is the latest surprise from SoftBank whose founder, Masayoshi Son, is a fast-moving billionaire who has aspirations of turning the firm into a global behemoth with arms in finance, technology and communications.

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Ticketing Startup Alleges Ticketmaster Used Hacking to Steal Trade Secrets

A startup ticketing company, Songkick, alleged in a legal filing that Live Nation, the country’s biggest concert promoter, hacked into its computer systems and stole trade secrets.

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CBS Revenue Declines, Hurt by Lower Ratings

CBS Corp. swung to a loss in the final quarter of the year and said the airing of fewer Thursday Night Football games and lower ratings dragged its revenue lower.

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Cisco Results Hurt by Weaker Market for Networking Devices

Even as Cisco makes some gains in new strategic areas such as security, the company continues to battle weak customer spending in its core market for networking gear.

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Kraft Heinz's Profit Boosted by Cost-Cutting

Kraft Heinz Co. delivered quarterly profit that beat Wall Street projections by slashing expenses and said it expects to achieve more cost-cutting savings by the end of the year than previously planned.

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Marriott Revenue Rises on Starwood Acquisition

Marriott International Inc. reported Wednesday that revenue surged in its latest quarter, helped by the recent acquisition of Starwood Hotels & Resorts Worldwide Inc.

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Trump Administration Aims to Calm Insurers During Health-Law Limbo

The Trump administration released details of a proposal to keep health-insurance exchanges from cratering, a day after a big insurer said it would next year abandon all marketplaces.

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Retail CEOs Meet With Trump Over Border Tax Concerns

CEOs from several major U.S. retailers, including Target, Best Buy and Gap, met with President Trump to lobby against a tax plan that would hurt their profits.

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Arconic Sells Most of Its Alcoa Stake Amid Battle With Elliott

Arconic has sold about two-thirds of its 20% stake in Alcoa, giving the manufacturer of aerospace components a cash infusion as it battles disgruntled shareholders campaigning for board seats.

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Global Risks Begin to Recede

It isn’t only in the U.S. that economic spirits are looking up, Greg Ip writes. Around the world, confidence is on the rise.

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Data Signal Solid Momentum for U.S. Economy

Stronger consumer spending, rising factory production and firming inflation are pointing to solid momentum for the U.S. economy and another interest-rate increase by the Federal Reserve, potentially as soon as next month.

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Yellen Defends Fed's Large Balance Sheet During House Questioning

Federal Reserve Chairwoman Janet Yellen defended the central bank’s decision to hold off on shrinking its large portfolio of assets until the process of raising short-term interest rates is well under way, in testimony before the House Financial Services Committee.

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Verizon, Yahoo Near Revised Deal That Cuts Price

Verizon and Yahoo are near a revised transaction that would reduce the price Verizon would pay for the internet company’s core business by about $300 million.

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QQ: The Closest Thing to Snapchat in China

China’s QQ network is attracting users with features that appeal to teens. Far from being made obsolete by the newer WeChat, QQ has essentially filled the niche taken up by Snapchat in the U.S., writes Li Yuan.

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Instagram Seeks Engineering Staff---From Wall Street

Facebook’s photo-sharing app is looking for machine-learning experts, many of whom work for hedge funds or investment banks.

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Puzder's Strategy Grew Fast-Food Business, Raised Questions About Worker Treatment

Fast-food executive Andy Puzder, President Trump’s labor secretary pick, was an early pioneer of a business model that fueled explosive growth in the restaurant industry but is often criticized as being unfriendly to workers.

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Opel Took Backseat at GM as SUV Demand Surged

In the seven years since General Motors Co. last considered selling its European business, a major factor has changed: the world has soured on passenger cars.

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PepsiCo Revenue Lifted by Healthier Products, But Forex Impacts Linger

PepsiCo said its push into healthier foods and drinks helped lift revenue at a time that global demand for traditional sodas has slowed.

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No, Really, That's a Travel Agency

Austin’s Departure Lounge books your trips while doubling as a wine and coffee bar. It’s one of a new breed of vacation planners, Scott McCartney writes.

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Pick for Labor Secretary Is Set to Face Questions Over Taxes

Andy Puzder’s bid to become labor secretary hinges on his testimony in a confirmation hearing Thursday, as an unusually large number of GOP senators are reserving judgment until they hear his explanation of several sensitive matters.

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U.S. Industrial Output Slipped in January

U.S. industrial production fell in January because unseasonably warm temperatures cooled demand for utilities, but underlying figures show modest progress for the manufacturing sector.

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GM's Opel Sale Faces Political Resistance Ahead of Key European Elections

The chief executives of General Motors and Peugeot moved quickly to head off political resistance emerging in Germany to the potential sale of GM’s struggling Opel unit to its French rival.

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For the Blind, an Actual-Reality Headset

A visor from eSight that allows legally blind people to see is no longer Star Trek fiction. Leaps in augmented-reality technology are being used to help people with severely low vision gain back enough sight to function, and then some.

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Small Firms Change Tune on Health Insurance

Many small businesses that once were worried about the cost of covering their workers now say they plan to keep offering health-insurance coverage even if the requirement that they do so is eliminated.

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'Clash of Clans' Maker Posts Revenue Fall Amid Pokémon Competition

Supercell Oy’s growth has stalled amid fierce competition in the mobile gaming industry, after years of rampant expansion that made it one of Europe’s most valuable startups.

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U.S. Firms in China See Chance for Reset on Market Access

Businesses see the combination of President Trump’s willingness to buck convention and China’s bid to be seen as a standard-bearer for globalization as an opportunity to reset terms, based on “reciprocity.”

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'Chicken Tax' Hangs Over Truck Makers in Nafta Debate

An LBJ-era import tariff could slam manufacturers of pickup trucks in Mexico if the U.S. scuttles the North American Free Trade Agreement.

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Amazon, Google Dial Up Plans to Turn Smart Speakers Into Home Phones

Amazon’s Echo or the Google Home could be used to make or receive calls, people familiar with the matter said, a functionality that would give the companies further control over consumers’ digital lives at home.

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SoftBank Builds Fortress for the Future

SoftBank’s $3.3 billion purchase of Fortress Investment gives the company’s new venture fund an instant platform for investing.

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Kraft Heinz Earnings Preview: What to Watch

Kraft Heinz Co. plans to announce its fourth-quarter earnings after the market closes Wednesday

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U.S. Consumer Prices Up 0.6% in January

A jump in gasoline prices helped push inflation to its strongest monthly gain in almost four years in January, a sign of steadily rising price pressures that may support additional moves by the Federal Reserve to raise interest rates this year.

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U.S. Retail Sales in January Rose More Than Expected

Retail sales rose broadly in January, a sign that firming wage gains and solid consumer sentiment could boost overall economic growth in 2017.

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Yellen Set to Face Tougher Crowd in Day Two

Fed Chairwoman Janet Yellen is likely to face a tougher audience Wednesday, when she returns to Capitol Hill for a second day of monetary policy testimony, this time before the House Financial Services Committee.

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CSX Seeks Shareholder Input on Activist Investor's Requests

CSX turned the tables on an activist investor that threatened a fight for control of the railroad operator’s board, revealing the investor’s demands and calling for its shareholders to vote on the matter.

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PewDiePie Exit Brings Disney's Struggles With Maker Studios to the Fore

Walt Disney’s decision to cut ties with YouTube megastar PewDiePie has heightened the urgency within the entertainment company to figure out what it should do with digital video network Maker Studios.

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Trian Builds Stake in Procter & Gamble

Trian Fund Management LP has built a $3 billion-plus position in Procter & Gamble Co., the second shareholder activist in recent years to set its sights on the consumer-products giant.

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Cigna Calls Off Merger With Anthem

Cigna called off the roughly $48 billion merger with Anthem and filed a lawsuit against its suitor, the second such health-insurer deal to fall apart.

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U.S. Court Gives Initial Approval to Volkswagen Emissions Settlement

Volkswagen AG won a U.S. court’s initial blessing for a roughly $1.2 billion settlement reached with drivers of larger diesel-powered vehicles affected by the auto maker’s diesel-emissions scandal.

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Facebook Announces Launch of Television App

Facebook announced a soon-to-come app that will allow users to stream videos in their news feed through set-top boxes such as Apple Inc.’s Apple TV and Amazon.com Inc.’s Fire TV.

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BJ's Wholesale Owners Preparing for Sale or IPO

The private-equity owners of BJ’s Wholesale Club are in the process of hiring investment bankers to advise on options including a full sale or IPO of BJ’s, according to people familiar with the matter.

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NBCUniversal, BuzzFeed Co-Developing TV Content

BuzzFeed and NBCUniversal are unveiling new original series under development, the companies’ first joint television productions since the formation of their partnership.

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Thailand Slaps Philip Morris With More Tax Evasion Charges

Prosecutors in Thailand widened their tax-evasion allegations against the Thai subsidiary of tobacco giant Philip Morris International Inc., alleging that the company under-declared the value of cigarettes imported from Indonesia.

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Fed's Payments to Treasury Seen Falling

The Federal Reserve’s payments to the U.S. Treasury are projected to fall by more than half in coming years, highlighting one impact of rising interest rates.

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Ditching Opel Is Next Step in GM CEO's Profit Drive

In considering selling a struggling Opel AG unit, GM Chief Executive Mary Barra appears to be one step closer to dismantling the mega-volume strategy that guided the Detroit car giant for a century.

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PewDiePie Show Canceled By Google's YouTube

YouTube is canceling its top star’s show and removing his channel from its preferred-advertising program after he made anti-Semitic jokes or showed Nazi imagery in nine videos.

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Risk-Taking CEOs Have a Hobby in Common

Chief executives who pilot planes in their spare time are more likely to inspire original thinking at their companies, according to a new study.

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Yellen Says Fed Will Consider Raising Rates at Coming Meetings

Federal Reserve Chairwoman Janet Yellen signaled the central bank could consider raising short-term interest rates at its next policy meeting in March and sounded an optimistic note on the economy in testimony to Congress.

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Rolls-Royce Posts Huge Loss

Rolls-Royce said it swung to a full-year net loss of more than $5 billion hit by a settlement over corruption charges, the fall in the British pound and setbacks on high-profile aircraft engine programs.

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Amazon Takes on Microsoft, Cisco in Videoconferencing

The move by the tech company pushes it deeper into the productivity-application market to broaden its appeal to business customers.

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Small-Business Confidence Reaches Highest Point Since December 2004

Confidence among small-business, in the upswing since the election, in January reached its highest point in more than a decade, according to the National Federal of Independent Business.

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Toshiba Chairman Out, Shares Dive, and 6.3 Billion Reasons to Worry

Toshiba’s problems deepened as the electronics giant flagged a $6.3 billion write-down, postponed its earnings report, saw its shares slump and said its chairman was resigning—all in the space of a day.

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Peugeot in Talks to Buy General Motors' European Operations

French car maker Peugeot said it was in talks with General Motors over a potential acquisition of its European business Opel.

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Aetna, Humana Mutually End Merger Agreement

Aetna and Humana won’t appeal a judge’s decision to block their merger on antitrust grounds, avoiding what had been widely seen as an uphill battle to preserve the $34 billion deal.

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Verizon's Unlimited-Data Plan Comes With Caveats

Like its rivals, Verizon Communications Inc. has brought back unlimited data plans. And like its rivals, “unlimited” comes with a few caveats.

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Pricey VR Headsets Are Slow to Catch On

Proponents have heralded virtual reality as the next big step in computing. But while less costly VR goggles that rely on smartphones have sold well, sales of costlier headsets that tether to powerful computers or videogame machines haven’t lived up to the hype.

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In Trump Age, a Different Tack on Workplace Diversity

Corporate diversity chiefs are making an effort to include people who may have felt left out—including white men. And they’re looking to justify programs by showing bottom-line results.

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Prosecutors Seek New Arrest Warrant for Samsung Heir Lee Jae-yong

South Korean prosecutors said they would seek a fresh arrest warrant for Samsung heir Lee Jae-yong, their second attempt to detain him over his alleged role in a political corruption scandal.

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PepsiCo Earnings: What to Watch

Snack and beverage giant PepsiCo is scheduled to announce its fourth-quarter earnings before the market opens Wednesday. Investors will be focusing on its beverage strategy amid soft sales and sales growth of its nutritious products.

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Yellen Testimony to Be Watched for Hints on Rates, Deregulation Concerns

Federal Reserve Chairwoman Janet Yellen will give testimony on monetary policy Tuesday and Wednesday on Capitol Hill, where she is likely to face questions about the economy, the path of interest rates, financial regulation and the potential impact of the Trump administration’s policies.

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Tesla Makes First Foray Into Middle East

Tesla said it would accept online orders for its Model S sedan and Model X SUV in the United Arab Emirates.

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Teva Swings to Loss, But Beats Expectations

Teva Pharmaceuticals swung to a loss on an acquisition write-down, as its interim CEO contends with a deal-driven debt load, though shares rose as the company beat revenue and profit expectations.

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U.S. Eyes New Tactic to Press China

The White House is exploring a new tactic to discourage China from undervaluing its currency to boost exports, part of an evolving Trump administration strategy to challenge the practices of the U.S.’s largest trading partner while stepping back from direct confrontation.

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Millennials Are Less Mobile Than Young People Have Been in Decades

Today’s young Americans are less mobile than the previous four generations were at the same age, according to a new analysis by the Pew Research Center using recently released U.S. Census data.

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Steven Mnuchin Is Confirmed as Treasury Secretary

The Senate confirmed financier Steven Mnuchin as the next Treasury secretary, placing him in a leading position to advance President Donald Trump’s plans to revamp financial regulation and the U.S. tax code.

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Disney Severs Ties With Top YouTube Star PewDiePie

Disney said it was severing ties with Felix Kjellberg, a top star with 53 million subscribers to his "PewDiePie" YouTube channel, after he posted videos in which he makes anti-Semitic jokes or imagery.

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IBM Chief Defends Trump Administration Advisory Role

IBM Chief Executive Ginni Rometty sent a memo to employees defending her decision to advise President Donald Trump, the latest example of a major business leader grappling with concerns over how to engage with the new administration.

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The Rise and Fall of a K Street Renegade

Evan Morris, a high-flying corporate lobbyist, is suspected by federal prosecutors of embezzling millions of dollars from his employers, Roche and then Genentech. The probe is shaping up to be one of the biggest Washington influence scandals in years.

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Wet Seal Seeks to Sell Brand Name, Web Site

Wet Seal is seeking to sell its brand name and website assets, a move that comes within weeks of its bankruptcy filing and store closings.

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STX Entertainment Taps Discovery's Andrew Warren as CFO

STX Entertainment has named Andrew Warren, the finance chief of Discovery Communications, as its next CFO ahead of the young Hollywood studio’s potential IPO.

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Time Is Running Out for Fossil

Warnings from other retailers don’t bode well for Fossil ahead of Tuesday’s earnings report.

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Chesapeake Energy and Estate of Former Late CEO in Settlement

Chesapeake Energy and the estate of its former CEO, the late Aubrey McClendon, agreed to settle a legal dispute involving claims that Mr. McClendon stole sensitive documents to start a rival company.

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Retailers Object to EU Plan for Stricter Online Security

Retailers are slamming a European Union proposal that would require customers to enter extra security information for online purchases above €10, saying the extra hassle could cut online sales by more than €11 billion a year.

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Lawmakers Probing Firm's Decision to Charge $89,000 for Muscular Dystrophy Drug

Two congressional lawmakers are investigating how Marathon Pharmaceuticals set a price of $89,000 for an old steroidal drug that has been available for decades in Europe at a fraction of that price.

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