Fed Readies Plan for Balance Sheet

Federal Reserve officials are zeroing in on a strategy to begin winding down their $4.5 trillion portfolio of mortgage and Treasury securities, possibly later this year, as part of their broader effort to drain reservoirs of stimulus out of the financial system.

from WSJ.com: US Business http://ift.tt/2nFZAAp
via IFTTT

Cloudera Files for IPO

Big-data software company Cloudera Inc. filed paperwork to go public on Friday, revealing a business that is growing quickly but possibly not fast enough to deliver gains to its big investor Intel Corp.

from WSJ.com: US Business http://ift.tt/2noPB0y
via IFTTT

Ford CEO's Compensation Rises

Ford Motor’s board handed its chief executive a $2.5 million “strategic incentive” grant for hastening the auto giant’s transformation.

from WSJ.com: US Business http://ift.tt/2nJr0Hh
via IFTTT

Dow, DuPont Push Back Merger Date

Dow Chemical and DuPont said their merger’s end date was being pushed back as DuPont moved forward with plans to divest assets, a condition of EU approval.

from WSJ.com: US Business http://ift.tt/2noPl1p
via IFTTT

Caterpillar to Close Illinois Plant

Caterpillar Inc. said it would close its factory in Aurora, lll., laying off about 800 workers and shifting many of their positions to other U.S. factories by the end of 2018.

from WSJ.com: US Business http://ift.tt/2nJuQA8
via IFTTT

Samsung, Apple Intensify Battle for Smartphone Users

Owners of Apple and Samsung’s Android phones rarely switch brands—but this year offers a rare chance for the industry leaders to win (or lose) fans.

from WSJ.com: US Business http://ift.tt/2noBnNd
via IFTTT

EpiPen Voluntary Recall Expanded to U.S.

Several lots of EpiPen, a leading emergency allergy treatment, are being recalled over a potential defect after two reports of the device failing to activate.

from WSJ.com: US Business http://ift.tt/2nJm8BP
via IFTTT

At Glaxo, a New CEO Steps In, Must Wring More From R&D

At GlaxoSmithKline, the new chief, Emma Walmsley, arrives from the company’s consumer health products operations to focus on stoking the research pipeline of new drugs.

from WSJ.com: US Business http://ift.tt/2noO7Dj
via IFTTT

Glencore Sells Oil Storage Assets to China's HNA Group

Glencore, one of the world’s biggest oil traders, has agreed to sell a majority stake in its petroleum products storage and logistics business for $775 million in cash to Chinese conglomerate HNA Group.

from WSJ.com: US Business http://ift.tt/2nJpfJS
via IFTTT

Online Used-Car Seller Carvana Files for IPO

Carvana Co., one of a series of startups trying to break into the risky online used-car business, filed to go public on Friday and revealed heavy losses amid a rapid expansion across the country

from WSJ.com: US Business http://ift.tt/2noQ8zo
via IFTTT

Canada Looks to Develop a New Resource: Artificial Intelligence

In a bid to move past its natural-resource reliance, Canada looks to encourage the brains behind artificial-intelligence research and ventures.

from WSJ.com: US Business http://ift.tt/2mWcNbi
via IFTTT

Consumer Sentiment Remains High

Consumer sentiment about the U.S. economy remained high in March because of higher incomes and favorable job prospects, but it was also buoyed by a view that lower economic growth is the new normal, a University of Michigan report said.

from WSJ.com: US Business http://ift.tt/2nqUbwh
via IFTTT

Consumer Inflation Tops Fed's Target For First Time in Nearly 5 Years

An important measure of inflation exceeded the Federal Reserve’s target for a 2% annual gain for the first time in nearly five years.

from WSJ.com: US Business http://ift.tt/2ooOjED
via IFTTT

Japanese Government Steers Clear of Westinghouse's U.S. Problems

U.S. utilities that are trying to complete nuclear reactors after Westinghouse Electric’s bankruptcy shouldn’t count on government involvement to settle the issue, Japan’s industry minister said.

from WSJ.com: US Business http://ift.tt/2nG82RO
via IFTTT

Westinghouse Cleared to Tap Bankruptcy Loan

A judge on Thursday said Westinghouse Electric Co. could tap an $800 million financing package intended to keep the business afloat as it attempts to restructure its debt in bankruptcy.

from WSJ.com: US Business http://ift.tt/2on8fYp
via IFTTT

Apple Fixes 911 Flaw in Latest iOS Update

Among the changes in an iPhone software update Apple Inc. released this week: a fix aimed at preventing cyberattacks on 911 centers in the U.S.

from WSJ.com: US Business http://ift.tt/2nkY84N
via IFTTT

SpaceX Lofts Commercial Satellite With Reused Rocket In Historic Flight

Entrepreneur Elon Musk’s SpaceX successfully launched a reused booster on a demanding commercial mission.

from WSJ.com: US Business http://ift.tt/2noKVZu
via IFTTT

Facebook's Virtual Reality Boy Wonder Departs

Facebook Inc. said Palmer Luckey, the co-founder of Oculus VR who had been sidelined for several months after a series of scandals, is leaving the company.

from WSJ.com: US Business http://ift.tt/2nkPzXm
via IFTTT

EU Says It Can't Block Russia-Backed Pipeline

The European Union is giving up on efforts to stop a Russian pipeline project and instead proposing negotiations with Moscow to alleviate the security concerns of some of its members.

from WSJ.com: US Business http://ift.tt/2oEbudp
via IFTTT

In a First, Streaming Generated the Bulk of Annual Music Sales

The music industry’s recovery continued in 2016, as subscription services helped revenues rise more than 11% in the U.S., and executives hope there’s plenty more room for growth.

from WSJ.com: US Business http://ift.tt/2nQa9Tt
via IFTTT

Volkswagen, States Reach More Emissions-Cheating Settlements

Volkswagen AG reached additional emissions-cheating settlements with state attorneys general in the U.S., adding to the big financial hit the German auto giant has suffered from rigging diesel-powered vehicles to dupe government regulators.

from WSJ.com: US Business http://ift.tt/2nkfIpq
via IFTTT

Fracking 2.0: Shale Drillers Pioneer New Ways to Profit in Era of Cheap Oil

Texas producer EOG has led the industry in finding ways to extract oil faster and less expensively from shale. If more can follow its lead and ramp up output even at lower prices, the sector could become a lasting force that challenges OPEC’s ability to control market prices.

from WSJ.com: US Business http://ift.tt/2nEBl7h
via IFTTT

U.S. Lays Groundwork to Keep Big Tariffs on Chinese Goods

U.S. officials are preparing a review of China’s “market-economy status” under the World Trade Organization ahead of a high-stakes meeting between President Xi Jinping and President Donald Trump.

from WSJ.com: US Business http://ift.tt/2olVXzE
via IFTTT

Senate Panel Backs Labor Secretary Nominee Alexander Acosta

President Donald Trump’s choice for labor secretary, Alexander Acosta, won approval from the committee considering his confirmation, advancing his nomination to the full Senate.

from WSJ.com: US Business http://ift.tt/2od2G1u
via IFTTT

CBO Report Shows Higher Long-Term Deficits and Lower Interest Rates

The national debt is on track to keep rising over the next three decades, the Congressional Budget Office said, highlighting the challenge for the Trump administration to boost spending without also driving up deficits.

from WSJ.com: US Business http://ift.tt/2nz8jEl
via IFTTT

Ferrero Goes Outside Family For CEO Amid Global Chocolate Wars

Italian candy giant Ferrero International named its first nonfamily chief executive in two decades, as an ambitious effort to boost sales and expand its global footprint starts to make strides.

from WSJ.com: US Business http://ift.tt/2ocppuw
via IFTTT

H&M Falters as Zara Owner Inditex Speeds Ahead

Sweden’s Hennes & Mauritz reported a 3% fall in first-quarter net profit from a year earlier on lower-than-expected sales growth and increased markdowns. The results come as a blow amid strong momentum at its main rival, Zara owner Inditex.

from WSJ.com: US Business http://ift.tt/2nzktgy
via IFTTT

GE Chief Says 'Climate Change Is Real' in Rebuke to Trump Policy

General Electric CEO Jeffrey Immelt defended efforts to reduce emissions and fight climate change after President Donald Trump reversed rules pushing U.S. utilities to use cleaner-burning fuels.

from WSJ.com: US Business http://ift.tt/2njuRHr
via IFTTT

Years After 9/11 Chaos, U.S. to Build Wireless Network for Police, Firefighters

The Trump administration on Thursday is expected to announce a $6.5 billion deal with AT&T to build a nationwide wireless broadband network for first responders, a project that was proposed after the 9/11 terrorist attacks but has struggled to get off the ground.

from WSJ.com: US Business http://ift.tt/2mSA4uz
via IFTTT

'You Are All Liars': Toshiba Shareholders Vent After Westinghouse Bankruptcy

Toshiba shareholders, some of them in tears, denounced management at a shareholders’ meeting and asked why the Japanese conglomerate had plowed billions of dollars into a now-bankrupt U.S. nuclear business.

from WSJ.com: US Business http://ift.tt/2njscO3
via IFTTT

States' Next Target on Sales Taxes: Sellers on Amazon

After spending years fighting Amazon.com to force it to collect sales taxes, U.S. states are turning their attention to the individuals and small companies that account for a growing share of the online marketplace’s sales.

from WSJ.com: US Business http://ift.tt/2mSyHMv
via IFTTT

Telecom Giants Get the OK to Mine Your Web History

Congress has voted to overturn Obama-era internet privacy rules. Now the path is clear for telecom giants like Verizon and AT&T to build detailed profiles of their customers’ behavior and sell that information to marketers.

from WSJ.com: US Business http://ift.tt/2njv4dJ
via IFTTT

McDonald's to Switch to Fresh Beef in Quarter Pounders

McDonald’s will switch to fresh beef from frozen in its Quarter Pounder burgers at the majority of its restaurants nationwide by mid-2018 in one of the biggest moves the company has made to turn around its struggling U.S. business.

from WSJ.com: US Business http://ift.tt/2mSwoJm
via IFTTT

Ford Hires BlackBerry Employees to Work on Connected Cars

Ford Motor is hiring 400 engineers from BlackBerry’s mobility-solutions unit to work on development of internet-connected vehicles, according to people briefed on the matter.

from WSJ.com: US Business http://ift.tt/2njorYZ
via IFTTT

Departed Disney Executive Linked to Firm That Used Brand Without Approval

A Chinese executive who left Walt Disney after an internal inquiry has links to a Hong Kong company that used Disney’s brand for a project in China without approval, documents show.

from WSJ.com: US Business http://ift.tt/2mSxvZg
via IFTTT

Why China Can't Get Enough of Elon Musk

In China, tech-industry leaders and investors hail Elon Musk as a genius and visionary worth cheering on. So it comes as no surprise to them that Tencent, the country’s most valuable company by market capitalization, invested $1.8 billion in his electric-car maker Tesla.

from WSJ.com: US Business http://ift.tt/2njE3Mb
via IFTTT

U.S. Jobless Claims Fell to 258,000 Last Week

The number of Americans applying for unemployment benefits fell slightly last week, the latest sign of steady job growth.

from WSJ.com: US Business http://ift.tt/2oC4s93
via IFTTT

U.S. Corporate Profits Rose Again in Fourth Quarter of 2016

A key measure of profits at U.S. companies continued to gain traction in the final months of 2016 as broader economic growth remained steady and modest.

from WSJ.com: US Business http://ift.tt/2okMVCF
via IFTTT

Trump Administration Signals It Would Seek Mostly Modest Changes to Nafta

The Trump administration is signaling to Congress it will seek mostly modest changes to Nafta in upcoming negotiations with Mexico and Canada despite President Trump having called the trade deal a “disaster” during the campaign.

from WSJ.com: US Business http://ift.tt/2nmSobv
via IFTTT

ECB's Knot Says Central Bank Could Soon Start Unwinding Stimulus

The European Central Bank’s recent moves mark the first steps in winding down its aggressive monetary stimulus and the bank could soon take fresh steps toward an exit if economic data remain strong, a top ECB official said.

from WSJ.com: US Business http://ift.tt/2oe6Pma
via IFTTT

Fed Officials Say They May Need to Pick Up Pace of Rate Increases

Most Federal Reserve officials expect to raise short-term interest rates two more times this year, but some are now warning a brightening economic outlook could prompt them to lift borrowing costs even more.

from WSJ.com: US Business http://ift.tt/2oBRCay
via IFTTT

Uber Self-Driving Car Crash Detailed in Police Report

The Tempe, Ariz., police report revealed Uber’s sport-utility vehicle was hit after entering an intersection on a yellow light and that turning traffic blocked both parties’ views before the collision.

from WSJ.com: US Business http://ift.tt/2ojfvnV
via IFTTT

FCC Tees Up Rule Change That Could Spur TV Industry Mergers

The proposal, if approved by the Federal Communications Commission, would effectively loosen a national cap on audience share for station owners and could touch off a wave of deals among media companies.

from WSJ.com: US Business http://ift.tt/2nij5xc
via IFTTT

Scores of Builders Raise Their Hands for Trump Border Wall

More than 200 companies have expressed interest in submitting plans to help design and build a wall along the U.S. border with Mexico, as the Trump administration seeks to fulfill a key campaign promise despite significant obstacles.

from WSJ.com: US Business http://ift.tt/2nBGsVQ
via IFTTT

ConocoPhillips to Sell Chunk of Canadian Oil-Sands Assets

ConocoPhillips is selling the bulk of its Canadian oil-sands assets to Cenovus Energy to pay down debt and significantly increase stock buybacks, marking the latest exit from the oil sands by non-Canadian player.

from WSJ.com: US Business http://ift.tt/2nkxHgf
via IFTTT

Lululemon Promises Bolder Clothes to Revive Sales

Lululemon Athletica Inc. issued a weak outlook for the current quarter, blaming spring clothing that wasn’t colorful enough to entice shoppers to its website or stores.

from WSJ.com: US Business http://ift.tt/2ozHejB
via IFTTT

Amazon to Shut Down Unprofitable Quidsi Division

Quidsi, manager of Diapers.com and Soap.com, spent 7 years with Amazon after rising to prominence shipping diapers and other household staples largely for free.

from WSJ.com: US Business http://ift.tt/2nwCe00
via IFTTT

Motion Picture Academy to Retain PwC for Oscars

Accounting firm PricewaterhouseCoopers will stay in charge of balloting for the Academy Awards despite an error that led to the announcement of the wrong film as the Best Picture winner.

from WSJ.com: US Business http://ift.tt/2oc73du
via IFTTT

FCC Steps Back from Program Subsidizing Broadband for the Poor

The FCC said it would cede oversight of companies providing subsidized broadband service to low-income Americans under the Lifeline program, arguing the responsibility belongs to the states.

from WSJ.com: US Business http://ift.tt/2nwMDsE
via IFTTT

Ford to Record $295 Million Charge on Recalls

Ford said a $295 million charge for recalls covering vehicles with fire risks and faulty door latches would contribute to a lower first-quarter profit, the second time in less than a year that safety concerns have dented its bottom line.

from WSJ.com: US Business http://ift.tt/2nhseWM
via IFTTT

Snap Inc. in Deal With NBCUniversal for 2018 Winter Games

Snap Inc. has signed a pact with NBCUniversal for the 2018 Winter Olympics that will make the popular messaging app a home for Olympic-themed content and allow NBCUniversal to sell Games-related geofilters and “lenses” to advertisers for the first time.

from WSJ.com: US Business http://ift.tt/2nASvTk
via IFTTT

U.K. Airlines Face Bumpy Post-Brexit Path

British carriers face the prospect of having to cease serving some markets should Britain and the EU fail to negotiate an accord to preserve the kind of market access provided by the European air-traffic agreement.

from WSJ.com: US Business http://ift.tt/2nhBoCx
via IFTTT

Two Black Women Sue Fox News, Claiming Racial Discrimination

Two black women have filed a lawsuit against Fox News Channel, its parent company 21st Century Fox and a former senior executive at the cable network alleging racial discrimination.

from WSJ.com: US Business http://ift.tt/2nANslU
via IFTTT

Whatever Happened to Free Trade?

Companies and countries are scrambling to adjust to a strange new world created by a decade of economic retrenchment and an upswing in populism.

from WSJ.com: US Business http://ift.tt/2nvV1ID
via IFTTT

The World's New Ideological Fault Line Runs Through France

The French election, which may see two parties that have never held power in a May runoff, is the starkest and most consequential contest yet in the world’s ideological divide between nationalism and globalism, Greg Ip writes.

from WSJ.com: US Business http://ift.tt/2mQ6Ps6
via IFTTT

A Faster Answer for Lost Bags With a Hidden Benefit for Airlines

American, Delta, United and others are prepping streamlined systems that could skew their lost-luggage stats.

from WSJ.com: US Business http://ift.tt/2nvj4rl
via IFTTT

Galaxy S8 First Look: Samsung Goes to Greater Lengths to Impress

Can Samsung’s Galaxy S8 phone squeezes in a longer, 5.8-inch screen, a Siri rival named Bixby and the ability to double as a desktop computer. Can it make us forget the recalled Note 7?

from WSJ.com: US Business http://ift.tt/2oaUFul
via IFTTT

Samsung Launches Galaxy S8 Smartphone

Samsung Electronics Co. unveiled a new flagship smartphone on Wednesday, its first attempt to bounce back after a year in which the South Korean technology giant was beset by product-safety concerns.

from WSJ.com: US Business http://ift.tt/2oyxiHd
via IFTTT

Kushner Cos. Ends Talks for Skyscraper Deal

Real-estate developer Kushner Cos. ceased talks with a Chinese insurer for a planned Manhattan skyscraper deal amid conflicts-of-interest concerns given Donald Trump’s son-in-law Jared Kushner’s White House position.

from WSJ.com: US Business http://ift.tt/2mPOtYg
via IFTTT

FDA Approves Drug for Primary Progressive Multiple Sclerosis

The FDA approved a Genentech multiple-sclerosis drug called Ocrevus, the first treatment for the most severe type of MS.

from WSJ.com: US Business http://ift.tt/2o7gE4K
via IFTTT

H-1B Visa Allocation Bears Little of Trump's Imprint

President Donald Trump promised changes to the H-1B visa program for high-skilled foreign workers, but the government opens another round of applications next week using rules that have long been in place.

from WSJ.com: US Business http://ift.tt/2nvxtUw
via IFTTT

U.S. Pending Home Sales Surged in Warm February

The National Association of Realtors pending home sales index climbed 5.5% in February, its highest level since April 2016.

from WSJ.com: US Business http://ift.tt/2oy8yPi
via IFTTT

Tencent Hits a Speed Bump With Tesla

The Chinese tech giant’s $1.8 billion stake in the U.S. electric-vehicle company looks wasteful.

from WSJ.com: US Business http://ift.tt/2oyevf2
via IFTTT

Southern Co. CEO Says Will Ask Toshiba to Help Complete Georgia Reactors

Southern Co. Chief Executive Tom Fanning said he would ask Toshiba Corp. to honor what he said was a commitment to the construction of two nuclear reactors in Georgia, after the lead contractor, Toshiba subsidiary Westinghouse Electric Co., filed for bankruptcy protection on Wednesday.

from WSJ.com: US Business http://ift.tt/2oxSZaz
via IFTTT

Chip Company MaxLinear to Buy Exar for $661.6 Million

Semiconductor company MaxLinear Inc. said it would buy Exar Corp., another semiconductor-technology firm, for about $661.6 million in cash, as MaxLinear seeks to build scale to boost growth.

from WSJ.com: US Business http://ift.tt/2mPzjlM
via IFTTT

Shipping Technology Startup Freightos Raises $25 Million

Shipping technology startup Freightos raised $25 million in a funding round led by General Electric Co.’s GE Ventures, the freight company said/

from WSJ.com: US Business http://ift.tt/2njcdQV
via IFTTT

Republicans' Tough Call on Taxes: Quick, Short Yardage or Hail Mary?

After their loss on the health law, GOP leaders are weighing two options for accelerating changes to the tax code. Also on the table: working with Democrats.

from WSJ.com: US Business http://ift.tt/2o719tI
via IFTTT

Arab Nations Push to Develop Their Own Defense Industries

Wealthy Gulf Arab nations are cultivating home-grown defense industries, posing a strategy question for global makers of defense products. The nations’ rulers want to become less dependent on the U.S. and other Western countries, and they see defense as a sector that can help diversify their oil-based economies.

from WSJ.com: US Business http://ift.tt/2nuHXDq
via IFTTT

As Amazon, Facebook Rev Up in India, They Find China's Way Ahead

As the U.S.’s top tech brands ramp up their operations in India, they are running into unexpected resistance: their Chinese equivalents stepping in to bolster their Indian competitors with money and expertise.

from WSJ.com: US Business http://ift.tt/2niQrgf
via IFTTT

Toshiba's Westinghouse Electric Files for Bankruptcy Protection

Westinghouse, a major player in global nuclear construction, filed for bankruptcy protection, raising questions about the fate of four half-finished reactors in the U.S.

from WSJ.com: US Business http://ift.tt/2mOTtwv
via IFTTT

BlackRock Bets on Robots to Improve Its Stock Picking

BlackRock unveiled an overhaul of its actively managed equities business that will include job losses, pricing changes and a greater emphasis on computer models that inform investments.

from WSJ.com: US Business http://ift.tt/2oexADC
via IFTTT

Trump Signs Order Rolling Back Obama's Climate Rules

President Donald Trump took steps to begin unraveling the centerpiece of the Obama environmental agenda, signing an order to reverse rules aimed at pushing U.S. utilities to shift from coal plants to cleaner-burning fuels.

from WSJ.com: US Business http://ift.tt/2o4GYMW
via IFTTT

West Virginia Bill Would Ease Requirements for Drilling Approval

A bill that would make it easier for oil and gas companies to use modern drilling techniques has pitted West Virginia’s Republican-led legislature against farmers and other groups.

from WSJ.com: US Business http://ift.tt/2o4ijrP
via IFTTT

Swipe by Swipe, Chinese Smartphone Users Flock to Risky Investments

U.S. companies have long imagined the potential of crowdsourcing, but it’s actually happening in China. A million companies in China have turned to the internet to raise money, but losses by mom-and-pop investors are piling up.

from WSJ.com: US Business http://ift.tt/2nsvLmw
via IFTTT

Facebook, Eye on Snapchat, Adds Camera Features

Facebook is taking another shot at Snapchat, introducing three new camera-centric features to its main Facebook app, including one that allows users to create montages that vanish within 24 hours—just like Snapchat’s Stories.

from WSJ.com: US Business http://ift.tt/2o7BMIM
via IFTTT

Businesses That Serve Immigrants Feel Pinched by Trump's Moves

In the wake of President Trump’s stepped-up enforcement of immigration rules, some illegal immigrants have cut back on shopping out of fear they could be stopped by authorities while in public. Businesses that serve these communities are hurting.

from WSJ.com: US Business http://ift.tt/2nyeaeT
via IFTTT

Starboard Wins More Board Seats, Replaces CEO at Depomed

Specialty pharmaceuticals maker Depomed has replaced its chief executive and named two new directors to its board after nearly a year of activist pressure from Starboard Value LP.

from WSJ.com: US Business http://ift.tt/2nswuEr
via IFTTT

Tencent: Big in China, Looking Abroad

Tencent’s $1.8 billion investment in Tesla highlights ambitions beyond its home turf and the social-media and videogame businesses for which it is best known.

from WSJ.com: US Business http://ift.tt/2nxNYB6
via IFTTT

How a Hot Sports Media Startup Unraveled

OneUp Sports had plans to distribute sports videos to thousands of local sites. But instead the startup has spent the past few months backing out of acquisitions, grappling with lawsuits and struggling economically.

from WSJ.com: US Business http://ift.tt/2oviOrH
via IFTTT

Wharton School to Attract Poets to Business

The MBA program at the University of Pennsylvania’s Wharton School will offer deferred admission and tuition assistance to some 10 seniors now studying liberal arts and sciences, with a $10 million gift from investment banker Ken Moelis.

from WSJ.com: US Business http://ift.tt/2ns2LeZ
via IFTTT

Uber Releases Workforce Data Amid Criticism of Company Culture

Uber Technologies Inc. on Tuesday published the first breakdown of its workforce by gender and ethnicity, part of an effort to push back against criticism that the ride-sharing company’s culture is hostile to women

from WSJ.com: US Business http://ift.tt/2nIRGs8
via IFTTT

TV Networks See Opportunity in Google Ad Backlash

As TV’s annual ad sales season kicks off, networks are looking to capitalize on the uproar among advertisers over Google’s placement of ads alongside content promoting hate, racism and terrorism.

from WSJ.com: US Business http://ift.tt/2nISVHy
via IFTTT

I Needed a College Degree for This? Why Companies Fail at Hiring

A mismatch between employer requirements and the underlying skills entry-level roles demand could be exacerbating labor shortages, according to a new survey.

from WSJ.com: US Business http://ift.tt/2ne6Stf
via IFTTT

Senator McCaskill Begins Probe of Prescription Opioid Marketing

U.S. Sen. Claire McCaskill has begun a probe into the marketing of opioid drugs, sending letters to Purdue Pharma LP, Johnson & Johnson and other big sellers of the pain medicines for materials detailing sales practices.

from WSJ.com: US Business http://ift.tt/2nITVM7
via IFTTT

Yellen Calls For Better Public Education, Workforce Development Programs

Federal Reserve Chairwoman Janet Yellen said better educational opportunities for low-income communities and programs to develop entrepreneurship could expand work opportunities and benefit the overall labor market.

from WSJ.com: US Business http://ift.tt/2ndNfle
via IFTTT

GM Under Pressure by Einhorn to Split Stock in Two Classes

General Motors is facing pressure from investor David Einhorn’s Greenlight Capital to boost its stock price by splitting its common shares into two classes. GM said the proposed structure creates risks that are “unacceptable.”

from WSJ.com: US Business http://ift.tt/2ndUOrY
via IFTTT

Amazon Launches Grocery Pickup Stores in Seattle

Amazon.com said it was launching a new grocery-store pickup service, pushing deeper into brick-and-mortar retail as it moves to capture more of what people spend on food.

from WSJ.com: US Business http://ift.tt/2o7rSXt
via IFTTT

Air Force General Appointed to Watch Boeing's Work on Presidential Plane

An Air Force general will oversee Boeing’s work to build the next Air Force One, a move defense officials said reflects pressure to avoid mistakes on a program that has attracted criticism from President Trump.

from WSJ.com: US Business http://ift.tt/2ndTqpr
via IFTTT

Chipotle Removes Preservatives From Its List of Ingredients

Chipotle said it has eliminated preservatives and other unwanted additives from its menu, seeking to match consumer demand for foods they perceive as more natural.

from WSJ.com: US Business http://ift.tt/2oddJER
via IFTTT

FDA Approves Regeneron and Sanofi's Dupixent for Eczema

Regeneron Pharmaceuticals and Sanofi said they will charge $37,000 annually in the U.S. for their newly approved eczema drug, a price the companies said they reached after months of negotiations with pharmacy benefit managers.

from WSJ.com: US Business http://ift.tt/2ocZ6Bz
via IFTTT

China's Tencent Buys 5% Stake in Tesla

Tencent has taken a 5% stake in Tesla, making the biggest company in China one of the largest owners of Elon Musk’s cash-hungry electric car maker.

from WSJ.com: US Business http://ift.tt/2ndqIF2
via IFTTT

SpaceX Aims for Historic Rocket Launch With Reused Booster

Elon Musk’s SpaceX will strive to make history once again, highlighting benefits of reusable boosters with the launch of the first large, liquid-fueled rocket powered by engines previously fired in space.

from WSJ.com: US Business http://ift.tt/2o5UuR8
via IFTTT

Trump Touts Ford's Plan to Invest in Three Michigan Plants

President Donald Trump steered attention back to the auto industry Tuesday, saying in a tweet that Ford is planning to announce investment in three Michigan plants, indicating the moves will result in jobs.

from WSJ.com: US Business http://ift.tt/2mLUNQM
via IFTTT

Despite Trump Move, Shift From Coal Is Set to Continue

The Trump administration move to ease curbs on carbon emissions may extend the life of some coal-fired power plants, but companies and energy experts say it is unlikely to reverse the U.S. utility industry’s shift to natural gas, solar and wind as leading sources of electricity.

from WSJ.com: US Business http://ift.tt/2oc6ptr
via IFTTT

Amazon to Buy Middle East E-Commerce Site Souq.com

Amazon.com is acquiring Dubai-based Souq.com, placing one of its biggest global bets in recent years on the small but rapidly-expanding Middle Eastern online shopping market.

from WSJ.com: US Business http://ift.tt/2otPWQH
via IFTTT

U.S. Consumer Confidence Reaches Highest Level Since 2000

Americans grew more optimistic about the economy in March with confidence reaching their highest level in 16 years.

from WSJ.com: US Business http://ift.tt/2ndzmDg
via IFTTT

Fed's Evans: Three 2017 Rate Rises Plausible, Four Possible if Inflation Picks Up

Chicago Fed President Charles Evans said the U.S. central bank could raise short-term interest rates four times this year if inflation picks up, but suggested lifting rates three times remains more plausible.

from WSJ.com: US Business http://ift.tt/2o1GzLr
via IFTTT

Home Prices Rise at Fastest Rate in 31 Months

Home prices in January rose at their fastest rate since mid-2014, a trend that bodes well for sellers but could ultimately start to damp buyer demand this spring selling season.

from WSJ.com: US Business http://ift.tt/2o1WYPG
via IFTTT

The Battle to Keep Veterans From Quitting Corporate Jobs

After a collective push to hire more than a million U.S. military veterans in recent years, business is wrestling with a new challenge: holding on to them.

from WSJ.com: US Business http://ift.tt/2o7eti1
via IFTTT

Prince's Music Rights Sold for a Song, Critics of Auction Say

Universal Music in January won the licensing rights to Prince’s “vault,” a trove of the late pop star’s unreleased music, but people familiar with the matter say there wasn’t much of a bidding war.

from WSJ.com: US Business http://ift.tt/2oc5dWU
via IFTTT

Bertelsmann's Record Book Deal With Obamas Underscores U.S. Push

Having signed up Barack and Michelle Obama on a two-book deal, German publisher Bertelsmann is finding U.S. politics to be good business.

from WSJ.com: US Business http://ift.tt/2o5YQHN
via IFTTT

Embattled Chinese Dairy Loses Contact With Co-Owner

China Huishan Dairy Holdings, battling reports of financial irregularities and coming off an 85% share-price drop Friday, said it has lost contact with a top executive and co-owner who abruptly left the company last week.

from WSJ.com: US Business http://ift.tt/2o7lBuO
via IFTTT

Akzo Nobel to Detail Plan to Separate Its Specialty Chemicals Business

Paint giant Akzo Nobel said it would announce next month specific plans for the separation of its specialty chemicals business, in the Dutch firm’s latest effort to ward off a $24 billion takeover approach from U.S. rival PPG Industries.

from WSJ.com: US Business http://ift.tt/2oc1fNX
via IFTTT

Sheep Give Way to Grapes in New Zealand Wine Boom

Vineyards are proliferating on New Zealand’s southern island as the region’s high-quality wines are racking up sales overseas among drinkers willing to pay a bit more per bottle.

from WSJ.com: US Business http://ift.tt/2ochJ8S
via IFTTT

Brazil's Vale Names Fabio Schvartsman as CEO

Brazilian mining giant Vale SA said its board approved the selection of Fabio Schvartsman to replace outgoing Chief Executive Murilo Ferreira.

from WSJ.com: US Business http://ift.tt/2nbMFoC
via IFTTT

Bustle Turns Political in Latest $12 Million Funding Round

When Bleacher Reporter co-founder Bryan Goldberg launched a site for millennial women, he received plenty of criticism. Now, Bustle is valued at almost $200 million and pushing into political reporting and more video.

from WSJ.com: US Business http://ift.tt/2oaIDh8
via IFTTT

Avianca Holdings Sues Large Minority Shareholder in Colombian Flag Airline

Avianca Holdings, one of the largest airlines in Latin America, on Monday sued a large minority shareholder that is seeking to block the Colombian flag carrier from completing a strategic partnership with United Continental.

from WSJ.com: US Business http://ift.tt/2natzhZ
via IFTTT

Olympic Athletes Have Nothing on China's Lunch-Delivery Guys

Competing services, staffed mostly by young men on electric scooters, tear through Chinese streets at breakneck speeds and sprint up skyscraper stairs, making up to 10 deliveries per hour.

from WSJ.com: US Business http://ift.tt/2orSMFQ
via IFTTT

Can Tech Speed Up Emergency Room Care?

A New York hospital system tests a new way to use telemedicine, where E.R. doctors examine patients without being in the same room.

from WSJ.com: US Business http://ift.tt/2mK618p
via IFTTT

Uber Resumes Self-Driving-Vehicle Program After Arizona Accident

Uber Technologies is putting its autonomous vehicles back on city streets after an accident involving one of them in Tempe, Ariz., over the weekend caused the company to halt its test program.

from WSJ.com: US Business http://ift.tt/2nayCji
via IFTTT

Elon Musk's Latest Startup: Brains Linked to Computers

Billionaire entrepreneur Elon Musk wants to merge computers with human brains to help people keep up with machines.

from WSJ.com: US Business http://ift.tt/2nasKGU
via IFTTT

Jim Gianopulos Named Head of Paramount Pictures

Jim Gianopulos, the longtime head of Twentieth Century Fox, has been tapped to turn around Viacom Inc.’s troubled movie studio.

from WSJ.com: US Business http://ift.tt/2naBYTk
via IFTTT

The Galaxy S8 Is Samsung's Best Shot at Redemption

Samsung’s Galaxy S8, which will be unveiled Wednesday, has a lot more at stake than sales targets: it must restore consumer trust and stabilize a brand dogged by political scandal, product recalls and privacy concerns.

from WSJ.com: US Business http://ift.tt/2najnGQ
via IFTTT

Seller of Hijacked DVR in Colorado Laundromat Pledges to Tighten Security

A surveillance-camera company featured in a previous article about hacked devices said it is taking steps to harden its products against attacks.

from WSJ.com: US Business http://ift.tt/2na5B79
via IFTTT

Facebook Wants to Help You Be a Better Citizen

Facebook is getting more serious about the role it plays in your political life. The social network rolled out a civic outreach tool in the U.S. that identifies your elected officials, sends reminders to vote and goads you to pick up the phone.

from WSJ.com: US Business http://ift.tt/2mIZZVr
via IFTTT

Kushner to Oversee Office of American Innovation at White House

President Donald Trump’s son-in-law and senior adviser, Jared Kushner, will oversee the new Office of American Innovation at the White House tasked with replicating private-sector efficiency inside the federal government.

from WSJ.com: US Business http://ift.tt/2o2szS1
via IFTTT

American, China Southern Air In Cooperation Talks

American Airlines and China Southern Airlines are discussing a “major strategic cooperation,” the Chinese airline said Monday in a regulatory filing.

from WSJ.com: US Business http://ift.tt/2oqRNWo
via IFTTT

Supreme Court to Hear Case that Could Limit Lawsuits Against Companies for Disclosure Failures

The U.S. Supreme Court on Monday agreed to consider whether publicly-traded companies can be sued for securities fraud by third parties for omitting “known trends or uncertainties” in filings to shareholders.

from WSJ.com: US Business http://ift.tt/2mIFtnN
via IFTTT

U.S. Farmers Seek Shelter From Nafta Storm

U.S. agricultural producers are lobbying hard on both sides of the Mexico border to try to ensure that a renegotiation of the North American Free Trade Agreement doesn’t turn U.S. farm exports into collateral damage.

from WSJ.com: US Business http://ift.tt/2nn5ne7
via IFTTT

Former Fed Official Warns Politics Poses Threat to Recovery

As global markets reel after the failure of the U.S. health-care bill, a former Federal Reserve official is warning that political issues threaten the central bank’s ability to maintain a sustainable recovery.

from WSJ.com: US Business http://ift.tt/2mI7SdK
via IFTTT

Amazon Delays Convenience Store Opening to Work Out Kinks

Amazon.com is delaying the public opening of its first cashier-less convenience store because of technical complications.

from WSJ.com: US Business http://ift.tt/2nEFQzg
via IFTTT

EU Clears Dow-DuPont Deal With Conditions

Dow Chemical and DuPont clinched regulatory approval for their merger from the European Union’s competition watchdog on condition they divest several businesses to address antitrust concerns.

from WSJ.com: US Business http://ift.tt/2opC2yQ
via IFTTT

More Chinese Consumers Say No to Fake Goods

In China, counterfeit merchandise hasn’t gone away by any means. But a growing number of Chinese consumers are now willing to pay more for authentic goods such as Mickey Mouse sweatshirts and Bart Simpson baseball caps.

from WSJ.com: US Business http://ift.tt/2nEJpFs
via IFTTT

Mexico Gains Share of North American Light-Vehicle Production

Mexico’s share of North American light-vehicle production topped 20% in the first two months of 2017, gaining regional share from the U.S. and Canada as the amount of popular pickups and SUVs made south of the border sharply increased.

from WSJ.com: US Business http://ift.tt/2oppkjA
via IFTTT

Now Negotiable: Credit-Card Annual Fees

Annual credit-card fees aren’t set in stone. In fact, many people who ask their card company for a break, get it.

from WSJ.com: US Business http://ift.tt/2nERI3Z
via IFTTT

FASB Proposal Looks to Trim 'Hedge Accounting' Requirements

The Financial Accounting Standards Board is putting the finishing touches on a plan to modify how companies report their hedging activities, such as using futures and options to insulate profits from currency or interest rate swings.

from WSJ.com: US Business http://ift.tt/2ops3cX
via IFTTT

Foreign Investors Flock to Iran as U.S. Firms Stay on Sidelines

Many foreign investors are rushing into Iran’s promising market after its nuclear accord, setting off skirmishes among European and Asian companies eager to gain a step on more cautious American rivals.

from WSJ.com: US Business http://ift.tt/2mHsC5y
via IFTTT

How Companies Can Benefit More From Their Corporate Giving

A study shows that involving customers or employees in charity decisions can help boost sales or job satisfaction.

from WSJ.com: US Business http://ift.tt/2nDCD2J
via IFTTT

A Steel Pioneer Is Getting Out of Steel

Germany’s Thyssenkrupp, which CEO Heinrich Hiesinger aims to refocus on capital goods, took a big step away from its once-core steel business with the sale of its last steel plant in the Americas. Shedding its European steel unit is the next test.

from WSJ.com: US Business http://ift.tt/2nkYrxT
via IFTTT

Global Economy Week Ahead: Yellen Speech, Eurozone Inflation, China PMI

The week ahead will feature a speech from Federal Reserve Chairwoman Janet Yellen and bring data from around the globe, including a first look at the February U.S. trade deficit, eurozone inflation and reports on Chinese manufacturing.

from WSJ.com: US Business http://ift.tt/2nXkX34
via IFTTT

Air Products & Chemicals Walks Away From Bid for Yingde Gases

Industrial gas maker Air Products & Chemicals Inc. backed away from its bid to buy China’s Yingde Gases Group Co.

from WSJ.com: US Business http://ift.tt/2o6MEDi
via IFTTT

Republicans Could Have Another Fight Over Tax Overhaul

After a battle within the Republican party over its health-care bill, the GOP plans on moving on to something simpler: rewriting the U.S. tax code. But it might be heading right into another minefield.

from WSJ.com: US Business http://ift.tt/2o6GlzN
via IFTTT

Sluggish Housing Recovery Sapped $300 Billion From U.S. Economy

If the home-building industry had returned to the long-term average level of construction, it would have given a 1.8% boost to U.S. gross domestic product, according to a new study.

from WSJ.com: US Business http://ift.tt/2nBT2EY
via IFTTT

Eurozone Recovery Has Gathered Pace, Surveys Show

The eurozone’s economy may have picked up during the first three months of 2017, according to surveys of purchasing managers, raising expectations that the ECB will consider a moderation of its stimulus measures over the coming year.

from WSJ.com: US Business http://ift.tt/2n5GUIr
via IFTTT

Apple Bites Back With iPhone Court Win in China

A Beijing court found Apple’s iPhone 6 and 6 Plus models don’t infringe on smartphone-design patents held by defunct local manufacturer Baili.

from WSJ.com: US Business http://ift.tt/2n6GkLq
via IFTTT

From Multiplex to Living Room, in 45 Days or Less

Hollywood studios are planning to move ahead with “premium” video on demand, making major movies available to home viewers within weeks after they hit theaters.

from WSJ.com: US Business http://ift.tt/2nTDfSz
via IFTTT

One CEO Got Paid $46M in a Month, but the Rest of the Year Is a Mystery

Johnson Controls won’t say how much Alex Molinaroli made after September because companies don’t have to disclose how much top executives were paid by a firm that disappears or becomes a subsidiary in a merger.

from WSJ.com: US Business http://ift.tt/2n78XYE
via IFTTT

The Future of Music: Playing for $30,000 in Tips

More up-and-coming musical and comedy acts are using apps like YouNow and Live.ly to live-stream performances, interact with audiences—and rake in virtual-currency tips.

from WSJ.com: US Business http://ift.tt/2nTPuhC
via IFTTT

Uber Suspends Self-Driving Vehicle Program

Uber Technologies suspended testing of its autonomous vehicles after one of them was involved in an accident in Tempe, Ariz., a dramatic halt to one of the most high-profile self-driving programs.

from WSJ.com: US Business http://ift.tt/2n71R6y
via IFTTT

In China, Syngenta Deal Feeds Local GMO Fears

In China, the opposition to genetically altered food and grains has been brought to the forefront by ChemChina’s $43 billion deal to buy Syngenta, a leading producer of genetically engineered seeds.

from WSJ.com: US Business http://ift.tt/2nTNUwy
via IFTTT

The High-Speed Trading Behind Your Amazon Purchase

Beneath the placid surface of product pages lies an unseen world of bots, algorithms, flash crashes and fierce competition.

from WSJ.com: US Business http://ift.tt/2n6SfJ4
via IFTTT

Judge Rules UPS Improperly Shipped Untaxed Cigarettes Into New York

A federal judge ruled United Parcel Service illegally shipped millions of cigarettes to New York State from Indian reservations, opening up the parcel carrier to damages and other penalties for skirting taxes on tobacco products

from WSJ.com: US Business http://ift.tt/2nTT3Vj
via IFTTT

Edward Bennett Resisted the Limitations of Quadriplegia to Run a Bank

Though an accident left him confined to a wheelchair, Edward Bennett went on to graduate from Yale and later served as president of the First National Bank of Santa Fe. He died March 3 at 57.

from WSJ.com: US Business http://ift.tt/2n75pFT
via IFTTT

Twilight of the Rock Gods

As rock ‘n’ roll loses its founding megastars—and sales juggernauts—the music industry faces pressure to revamp.

from WSJ.com: US Business http://ift.tt/2nTwEYk
via IFTTT

Wal-Mart Acquires Niche Sites, to the Dismay of Hipsters

Wal-Mart is rapidly buying up hip, small online retailers that appeal to wealthier shoppers in hopes of finally taking on Amazon. The deals give Wal-Mart access to new groups of shoppers, but some have balked at the change.

from WSJ.com: US Business http://ift.tt/2nRedUb
via IFTTT

YouTube Continues Showing Brands' Ads With Objectionable Videos

A week after Google was forced to apologize for running customers’ advertisements on objectionable videos, triggering a change in policy, its YouTube site is still rife with examples that are ensnaring more big advertisers and causing some to cut spending with the tech giant.

from WSJ.com: US Business http://ift.tt/2o0yJ1w
via IFTTT

Anthem Grilled as It Seeks to Save Cigna Deal

A federal appeals court panel on Friday asked tough questions of health insurer Anthem, which is attempting to salvage its proposed $48 billion acquisition of Cigna after a trial judge blocked the combination as anticompetitive.

from WSJ.com: US Business http://ift.tt/2nRfBpU
via IFTTT

Netflix: The Monster That's Eating Hollywood

The streaming-video service is hogging talent and pushing up prices, spurring pushback from rival TV producers who once saw it as a partner.

from WSJ.com: US Business http://ift.tt/2o0GrsC
via IFTTT

Charter Communications to Hire 20,000 U.S. Workers

Charter Communications CEO Tom Rutledge pledged to hire 20,000 U.S. workers and invest $25 billion over the next four years at an event with President Trump, allowing the administration to trumpet a jobs announcement that had been in the works for some time.

from WSJ.com: US Business http://ift.tt/2nReJSo
via IFTTT

Samsung's Restructuring Plan Faces Challenges

Samsung Electronics’ chief executive said that officials see challenges in restructuring the sprawling Samsung conglomerate, with a continuing review revealing “adverse implications” to switching to a holding-company structure.

from WSJ.com: US Business http://ift.tt/2o0yGmm
via IFTTT

Trump Administration Grants Permit for Keystone Pipeline

The Trump administration has signed a presidential permit for TransCanada to build Keystone XL, bringing the oil pipeline closer to fruition more than a year after former President Barack Obama blocked its construction.

from WSJ.com: US Business http://ift.tt/2nR8azk
via IFTTT

PBS Chief Defends Need of Federal Funding for Public Broadcasting

The head of PBS launched a spirited defense of public broadcasting, saying the organization would like to end reliance on federal funding if access for millions of Americans wasn’t dependent on that money.

from WSJ.com: US Business http://ift.tt/2o0GoNs
via IFTTT

EU Antitrust Chief Says Companies May Have Misled Regulator for Merger Clearance

The European Union’s unusual reassessment of past mergers could lead to significant fines and suggests the bloc could be preparing charges similar to those it leveled against Facebook late last year.

from WSJ.com: US Business http://ift.tt/2nRaRRe
via IFTTT

Mnuchin Says Tax Overhaul Plan Coming Soon

Treasury Secretary Steven Mnuchin said the Trump administration is close to completing its proposal to overhaul the U.S. tax code and said any legislation to reduce corporate and individual rates needed to be comprehensive.

from WSJ.com: US Business http://ift.tt/2mAhFTg
via IFTTT

Airplanes Boost U.S. Durable-Goods Orders

Demand for long-lasting factory goods rose in February for the second straight month due to big-ticket orders for civilian aircraft.

from WSJ.com: US Business http://ift.tt/2mz5E0c
via IFTTT

There's Money in Faxes---for Plaintiffs

Lawsuits over fax spam have surged in recent years under a decades-old law that allows recipients of the unwanted ads to recover upward of $500 per message.

from WSJ.com: US Business http://ift.tt/2nv8CSG
via IFTTT

Brazil Meat Scandal Creates Opening for Competitors

Brazil’s tainted meat scandal is driving up cattle prices and creating an opening for competitors in the U.S. and elsewhere that struggled to match the South American nation’s low production costs.

from WSJ.com: US Business http://ift.tt/2myYWqX
via IFTTT

David Rockefeller Overcame Youthful Shyness and Insecurities

David Rockefeller grew from a shy, insecure child into a leader in banking, philanthropy and international relations. The former chief executive of Chase Manhattan Bank died Monday at age 101.

from WSJ.com: US Business http://ift.tt/2n192gr
via IFTTT

New WikiLeaks Documents Describe Alleged Mac, iPhone Hacking Tools

WikiLeaks on Thursday released new documents it says describe hacking tools used by the Central Intelligence Agency over the past decade to infect Apple Inc. devices.

from WSJ.com: US Business http://ift.tt/2nt91oH
via IFTTT

GameStop closing at least 150 stores amid sales declines

Hard hit by consumers passing up stores to download games digitally and a tough holiday-shopping season, GameStop said Thursday it plans to close at least 150 of its 7,500 stores world-wide.

from WSJ.com: US Business http://ift.tt/2ncNjmD
via IFTTT

Tronc to Buy All Stock From Large Outside Shareholder

Tronc Inc. agreed to buy all the stock held by one of its largest outside shareholders at a substantial premium amid an increasingly bruising public fight between its two biggest investors.

from WSJ.com: US Business http://ift.tt/2ntgggz
via IFTTT

Theranos Offers Shares for Promise Not to Sue the Company

A deal approved by Theranos’s board would give investors who pledge not to sue the battered blood-testing company some shares from founder Elizabeth Holmes’s personal stake.

from WSJ.com: US Business http://ift.tt/2oajDpv
via IFTTT

Amazon Defeats IRS in Tax-Court Case

Amazon.com prevailed over the Internal Revenue Service in a more-than-$1.5 billion dispute over the online retailer’s transactions with a Luxembourg subsidiary.

from WSJ.com: US Business http://ift.tt/2oagZA1
via IFTTT

Jessica Alba's Startup Pulls Bottles of Dish Soap That Were Underfilled

Target Corp. and other retailers in recent months stopped selling a popular household cleaner from Jessica Alba’s Honest Co. after learning the product contained less liquid than its label claimed.

from WSJ.com: US Business http://ift.tt/2ncp87V
via IFTTT

Trump's Trade Vows at Risk Under Moderate Advisers, Trumka Says

White House trade moderates are watering down President Trump’s tough trade plans, AFL-CIO President Richard Trumka says in a Wall Street Journal interview.

from WSJ.com: US Business http://ift.tt/2mVEQTc
via IFTTT

Shell Oil Spills Led to 'Astonishingly High' Pollution in Nigeria

Shell oil spills that haven’t been cleaned up for over eight years have contributed to “astonishingly high” levels of pollution in a Nigerian community, according to a consultant who helped produce a confidential damage assessment.

from WSJ.com: US Business http://ift.tt/2nNlkx0
via IFTTT

Baidu's Loss Is a Setback for AI in China

As ambitious as they are, China’s tech firms are behind the likes of Google, Facebook and Microsoft when it comes to artificial intelligence. With the resignation of Baidu chief scientist Andrew Ng, their ability to retain top foreign talent is in question.

from WSJ.com: US Business http://ift.tt/2nW6j8V
via IFTTT

U.S. Laptop Ban Increases Headwinds for Gulf Carriers

The U.S. ban on many carry-on electronics aboard Middle East flights is another powerful headwind for the once-highflying club of Persian Gulf airlines—a group that relies more than many on the laptop-toting business traveler.

from WSJ.com: US Business http://ift.tt/2nrQclN
via IFTTT

Google Faces Tall Order Policing Content

Google’s commitment to better police the millions of websites and videos across its advertising network is complicated by the very scale and diversity that has made the network so attractive to marketers.

from WSJ.com: US Business http://ift.tt/2nHna2a
via IFTTT

Disney Extends CEO Iger's Tenure

With no successor to take the helm at the world’s largest media company, Robert Iger will stay on at least one additional year as head of Walt Disney.

from WSJ.com: US Business http://ift.tt/2mUHLeQ
via IFTTT

Akzo Nobel Urged to Engage With PPG

Akzo Nobel’s largest shareholder became the latest investor to urge the Dutch paint and chemicals maker to start negotiations with U.S. rival PPG Industries over its $24 billion takeover offer.

from WSJ.com: US Business http://ift.tt/2nHol1x
via IFTTT

AT&T Reaches Agreement With Striking Workers on West Coast

AT&T Inc. reached an agreement with thousands of striking technicians and call-center workers in California and Nevada that will allow them to report to work on Thursday.

from WSJ.com: US Business http://ift.tt/2nrtqdS
via IFTTT

Jump in U.S. New Home Sales Defies Expectations

U.S. new home sales increased sharply for the second consecutive month in February, an indication that growing demand and a pickup in construction activity could help propel a strong spring selling season for this segment of the market.

from WSJ.com: US Business http://ift.tt/2nHdCUG
via IFTTT

Ford Warns Profit Will Fall in 2017

Ford Motor said earnings will take a hit this year as it continues to pour money into new projects such as fully-driverless cars.

from WSJ.com: US Business http://ift.tt/2mYoj1y
via IFTTT

Valeant CEO Paid $62.7 Million in 2016

Valeant Pharmaceuticals International Chief Executive Joseph Papa took in $62.7 million in pay last year as it navigated the fallout from accounting problems, a near debt default and investigations by Congress.

from WSJ.com: US Business http://ift.tt/2mwbRda
via IFTTT

Can This Man Save Macy's?

The new CEO of Macy’s discusses his plans for the iconic department store to stay atop a shrinking market.

from WSJ.com: US Business http://ift.tt/2mw1FRX
via IFTTT

Apple Poised to Make in India

Apple will soon start assembling iPhones in India for the first time, say government officials familiar with its plans, boosting the company’s chances of gaining a foothold in the fast-growing market.

from WSJ.com: US Business http://ift.tt/2mXH6dC
via IFTTT

Lotte Chairman Explains Why He's Putting an Antimissile Battery on his Golf Course

Since South Korea’s government identified a Lotte-owned golf course as a site for a U.S.-built missile-defense system, the country’s fifth-largest conglomerate has become a test case of China’s ability to wage economic warfare against its neighbors to further its objectives.

from WSJ.com: US Business http://ift.tt/2mvYtG4
via IFTTT

How a Patent Case May Shake Up Domination of Eastern Texas

Businesses, particularly tech firms, are watching closely a case to be argued in the Supreme Court next week challenging a system that has led to a concentration of patent cases in plaintiff-friendly jurisdictions such as eastern Texas.

from WSJ.com: US Business http://ift.tt/2mXPgCr
via IFTTT

Tencent Hires Baidu's Big-Data Director, Betting on Artificial Intelligence

In a sign of its ambition to compete more in artificial intelligence, Tencent Holdings Ltd. says it has hired Zhang Tong, a Stanford-trained researcher who formerly led Baidu’s Big Data Lab, to oversee its fledgling AI program.

from WSJ.com: US Business http://ift.tt/2mvXKos
via IFTTT

Daimler Faces Diesel-Engine Fraud Investigation

German prosecutors launched an investigation into allegations that an undisclosed number of Daimler sfaff may have committed fraud linked to sales of the company’s diesel-powered cars.

from WSJ.com: US Business http://ift.tt/2mY2f7h
via IFTTT

Oak Hill to Buy Checkers Drive-In Restaurants in $525 Million Deal

Checkers Drive-In Restaurants has agreed to be sold to private-equity firm Oak Hill Capital Partners in a $525 million deal.

from WSJ.com: US Business http://ift.tt/2mvZwWm
via IFTTT

U.S. Jobless Claims Rise to 258,000

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

from WSJ.com: US Business http://ift.tt/2naQTOg
via IFTTT

Fed Could Allow Higher Inflation as Interest Rates Remain Low, Papers Suggest

U.S. interest rates are likely to stay historically low, which should prompt the Federal Reserve to rethink its approach to inflation, according to two new research papers by teams of Fed economists published by the Brookings Institution.

from WSJ.com: US Business http://ift.tt/2mTZItP
via IFTTT

Latest Threat to U.S. Oil Drillers: Sand

The market for sand—a key ingredient in fracking—is surging once again as U.S. oil production rebounds, and the rising price of the tiny grains threatens to cut into energy companies’ profits.

from WSJ.com: US Business http://ift.tt/2nUVxji
via IFTTT

South Korean Shipbuilder Offered $2.6 Billion Bailout

Daewoo Shipbuilding & Marine Engineering has been hurt by massive losses at its offshore projects.

from WSJ.com: US Business http://ift.tt/2nMkOPS
via IFTTT

Microsoft Licenses Patents to Toyota In Bid For Bigger Car-Tech Role

Microsoft agreed to license a batch of patents to Toyota as part of the software giant’s effort to leverage its vast intellectual-property portfolio to become a key provider of connected-car technology.

from WSJ.com: US Business http://ift.tt/2nV0b0X
via IFTTT

Death Rates Rise for Wide Swath of White Adults

In 2015, two economists published a landmark paper showing that mortality was rising for white middle-aged Americans after decades of decline. Now a new analysis from the same pair paints an even bleaker picture.

from WSJ.com: US Business http://ift.tt/2nFSf6d
via IFTTT

Gawker Founder Nick Denton to Leave Bankruptcy

Nick Denton will leave bankruptcy having weathered a multimillion-dollar judgment from an invasion-of-privacy lawsuit that forced the sale of his Gawker media business.

from WSJ.com: US Business http://ift.tt/2nesEAt
via IFTTT

Long a Crutch for Hollywood, Overseas Ticket Sales Slip in 2016

The Motion Picture Association of America reports international box office edge lower in 2016—a troubling reversal for an industry that has come to rely on overseas consumers as stateside attendance stagnates.

from WSJ.com: US Business http://ift.tt/2ne9quO
via IFTTT

AT&T Pulling Ads From Google Over 'Hate' Videos

AT&T Inc. said it is pulling much of its advertising from Google over concerns that its ads may have run alongside YouTube videos promoting terrorism, extending the financial impact of the controversy.

from WSJ.com: US Business http://ift.tt/2o5vqFN
via IFTTT

Retro 'Space Jam' Hit Fails to Solve Nike's Sales Woes

Nike said a sneaker homage to the cult classic film “Space Jam” was a smash hit, but the retro shoes were a rare highlight in otherwise troubling results for the world’s largest athletic company.

from WSJ.com: US Business http://ift.tt/2no1nMi
via IFTTT

Smart Lights Are a Bright Idea, With Alexa and Siri

Reliable voice control makes smart lighting easier than ever. Geoffrey A. Fowler explains the right—and wrong—ways to improve your home lighting with connected bulbs, plugs and switches.

from WSJ.com: US Business http://ift.tt/2mt37oe
via IFTTT

The Frequent Fliers Who Bombarded Match.com

Scott McCartney examines an online dating promotion for loyalty points involving British Airways, Match and eHarmony with unintended consequences.

from WSJ.com: US Business http://ift.tt/2ndzgPx
via IFTTT

A Senate Plan to Reduce the Flow of Legal Migrants

The consensus among Republicans that more legal immigration is needed is dissolving. Tom Cotton, a Republican senator from Arkansas, says the U.S. admits too many legal immigrants based on family ties rather than skills, education or the ability to assimilate, Greg Ip writes.

from WSJ.com: US Business http://ift.tt/2mQn8jX
via IFTTT

Nike Shares Drop After Tepid Earnings Forecast

Shares of Nike fell after the world’s largest sportswear maker gave a tepid outlook for sales growth as the company faces stiff competition and a changing retail landscape.

from WSJ.com: US Business http://ift.tt/2nn3AYn
via IFTTT

U.S. Existing-Home Sales Pulled Back in February

Sales of previously owned U.S. homes fell 3.7% in February from the prior month to a seasonally adjusted annual rate of 5.48 million, the National Association of Realtors said.

from WSJ.com: US Business http://ift.tt/2n7of0n
via IFTTT

Sears Stock Stumbles After Going-Concern Warning

Sears’ stock tumbled 9.3% Wednesday morning after the department store owner raised doubts in a filing about its ability to keep operating amid a prolonged swoon in financial performance.

from WSJ.com: US Business http://ift.tt/2nd9ElI
via IFTTT

Under Pressure From Trian, GE Vows to Boost Industrial Profits

General Electric promised to cut $1 billion in costs from its industrial operations this year, and to more closely tie top executives’ bonuses to profits in its core industrial business.

from WSJ.com: US Business http://ift.tt/2nmOEt8
via IFTTT

Tencent Profit Gets Boost From Online Games, Advertising Revenue

The world’s most valuable emerging-market stock said revenue and earnings surged in the fourth quarter amid growth from platforms such as its popular WeChat application.

from WSJ.com: US Business http://ift.tt/2mPUX4z
via IFTTT

Baidu Chief Scientist Andrew Ng Exits Chinese Internet Giant

Baidu’s chief scientist, Andrew Ng, said he was leaving the company to explore a new chapter in artificial intelligence. His departure comes two months after the firm hired a new president.

from WSJ.com: US Business http://ift.tt/2nd1f1G
via IFTTT

Former Disney Executive to Launch Kids' Digital Content Competitor

Chris Williams, who previously worked at Disney and Maker Studios, is launching Pocketwatch, which aims to create, acquire and distribute content for kids ages 2 to 11. The startup has raised $6 million.

from WSJ.com: US Business http://ift.tt/2n7dqeN
via IFTTT

Labor Secretary Nominee Acosta Outlines Policy

Labor secretary nominee Alexander Acosta testified in support of job-training programs targeted for cuts by the White House.

from WSJ.com: US Business http://ift.tt/2nmXV4r
via IFTTT

GOP Plan Doesn't Cure Health Fears for Small Businesses

Small-business owners are bracing for changes—and in some cases, higher costs—under the current Republican plan to repeal and replace the Affordable Care Act.

from WSJ.com: US Business http://ift.tt/2nmKv8z
via IFTTT

Hermès Bags Profit Growth as Uncertainty Fails to Deter Shoppers

Hermès International said net profit jumped 13% in 2016, as the French luxury company powered through tough market conditions.

from WSJ.com: US Business http://ift.tt/2o4dJX1
via IFTTT

Sinopec to Buy Chevron's South Africa Assets for $900 Million

China’s Sinopec said it plans to buy a controlling stake in Chevron’s South Africa assets for roughly $900 million, as the state-owned refining giant looks to spread its global reach.

from WSJ.com: US Business http://ift.tt/2ncDV4l
via IFTTT

As E-Sports Grows, Videogame Companies Battle Cheaters

Videogame companies, including Ubisoft Entertainment and Activision Blizzard, are fighting back against gamers who cheat, some with unapproved software they buy online.

from WSJ.com: US Business http://ift.tt/2n6A5rP
via IFTTT

Auto Makers Target China as New U.S. Trade Rules Loom

Top auto makers, facing the threat of costly North American trade policy changes, want the Trump administration to take a harder line on a market thousands of miles from their home turf.

from WSJ.com: US Business http://ift.tt/2nm1ZC7
via IFTTT

Akzo Nobel Rebuffs Raised $24 Billion PPG Takeover Offer

Dutch paint and chemicals firm Akzo Nobel said it had rejected a raise $24.19 billion takeover proposal from rival PPG Industries, continuing the trans-Atlantic standoff between the two industrial giants.

from WSJ.com: US Business http://ift.tt/2nADulf
via IFTTT

Embattled Uber Promises Changes in Corporate Culture

Uber, buffeted by a string of recent scandals, sought to reassure customers, drivers and employees with the promise of sweeping changes to its corporate culture, its first diversity report and a new chief operating officer.

from WSJ.com: US Business http://ift.tt/2nbeekq
via IFTTT

CKE Restaurants CEO Andy Puzder to Step Down

CKE Restaurants said Tuesday that Chief Executive Andy Puzder was stepping down.

from WSJ.com: US Business http://ift.tt/2n4RLnr
via IFTTT

As Skills Shift for High-Paying Jobs, Women See Advantages

Men are losing ground in the labor market, and it’s not just the ones without college degrees. Even those with higher education are seeing their chances of holding a good job drop relative to women, according to new research.

from WSJ.com: US Business http://ift.tt/2mpQIl2
via IFTTT

U.S. Subpoenas Top Shipping Companies in Price-Fixing Probe

U.S. Justice Department investigators crashed a meeting of the world’s 20 biggest container-shipping operators and handed subpoenas to top executives at several companies as part of a probe on price fixing.

from WSJ.com: US Business http://ift.tt/2mqbP6D
via IFTTT

SBE Entertainment in Talks to Combine With Hakkasan Group

Sam Nazarian’s SBE Entertainment Group said it is in advanced talks to combine the company with nightclub and restaurant operator Hakkasan Group.

from WSJ.com: US Business http://ift.tt/2mRw35s
via IFTTT

Apple Pads Its Future Business

Culling its iPad line speaks to Apple’s need to boost memory and drive service revenue.

from WSJ.com: US Business http://ift.tt/2mRJlPi
via IFTTT

China Kicks Charm Offensive Into High Gear

Chinese officials are casting themselves to top American business leaders as champions of globalization at a time when the U.S. is expected to retreat from free trade under the Trump administration.

from WSJ.com: US Business http://ift.tt/2o0Hbxb
via IFTTT

Small Cable Channels You Pay for---but Don't Watch---Are Dying

Media companies that have profited from channels with little viewership are being forced to shut some down or at least shift investment away from them. The changes are a harbinger of what could lie ahead for better-known cable brands.

from WSJ.com: US Business http://ift.tt/2nGN7PV
via IFTTT

Avon Ladies, Backed by Private Equity, Aim to Reconquer Middle America

Cerberus Capital hopes to turn around the 130-year-old direct seller by raising commissions, eliminating noncore products and expanding into health and supplements. The crockpot gets the boot.

from WSJ.com: US Business http://ift.tt/2mLT0pW
via IFTTT

U.S. Bans Laptops, Tablets in Cabins on Flights From Mideast Nations

The U.S. banned passengers from carrying most electronics larger than a cellphone into the cabin on direct flights arriving from eight countries in the Middle East and North Africa, saying it is a response to “evaluated intelligence,” but didn’t provide details.

from WSJ.com: US Business http://ift.tt/2n3DIP5
via IFTTT

Google Unveils Initial Steps to Improve Ad Policies

Google announced initial steps to strengthen its ad policies and enforcement in response to an advertiser backlash over the tech giant frequently displaying ads next to inappropriate content such as fabricated news stories or terrorist videos.

from WSJ.com: US Business http://ift.tt/2n9CCCR
via IFTTT

The Not-So-Creepy Reason Bosses Are Tracking Employees

Employers are increasingly mining workers’ emails, chat logs, and tracking face-to-face interactions to get a better grasp on how information travels among employees.

from WSJ.com: US Business http://ift.tt/2n3PeKf
via IFTTT

Apple Offers Lower-Priced iPad

Apple unveiled a lower-priced iPad starting at $329, in a move to breathe new life into a once-hot product that has struggled with declining sales.

from WSJ.com: US Business http://ift.tt/2n9Dis8
via IFTTT

General Mills Continues to Face Declining Sales

General Mills Inc.’s sales were hurt in the latest quarter by declines in its U.S. yogurt and convenience meal businesses, the latest sign that the food giant is struggling to lift demand amid shifting consumer tastes.

from WSJ.com: US Business http://ift.tt/2n3OK6W
via IFTTT

It's Apple vs. Trump in Taiwan, and the iPhone Maker Is Winning

Taiwan’s stock market has been on a roll the past few months, undeterred by Donald Trump’s ascent to the U.S. presidency and his harder line on China and trade.

from WSJ.com: US Business http://ift.tt/2n9rXYS
via IFTTT

Nike Earnings: What to Watch

Nike is scheduled to announce its fiscal third-quarter earnings after the market closes on Tuesday. Here’s what you need to know.

from WSJ.com: US Business http://ift.tt/2n3SwNM
via IFTTT

Microsoft Modifies Windows 10 for China's Government

Microsoft has finished development of a Windows 10 version customized for Chinese government use, which could boost its China prospects after sales were hit by Beijing’s cybersecurity crackdown.

from WSJ.com: US Business http://ift.tt/2nhZIaU
via IFTTT

Trump's Low-Key Labor Pick Keeps Businesses Guessing

A Senate hearing to consider Alexander Acosta’s nomination as labor secretary is set for Wednesday. While Mr. Acosta has a long record of public service, some say his views on regulatory issues are unclear.

from WSJ.com: US Business http://ift.tt/2nhQrja
via IFTTT

China Sits on Financial House of Cards, OECD Finds

China faces mounting financial risk even as an innovation drive aimed at rebalancing the economy away from low-value manufacturing falls short, according to a report by the Organization for Economic Cooperation and Development.

from WSJ.com: US Business http://ift.tt/2nZM6OI
via IFTTT

BMW Bets on Refreshed Autos in Tussle With Daimler

BMW is targeting record sales, revenue and earnings this year, as the company revs up development of new models and technology after losing the crown as leading premium-brand auto maker to Daimler

from WSJ.com: US Business http://ift.tt/2nNybvW
via IFTTT

Sanofi's Prescription for Growth: Drug Sales in the Middle Kingdom

French pharmaceutical company Sanofi expects its drug sales in China—its third-largest market after the U.S. and France—to grow at least 10% this year, matching last year’s pace.

from WSJ.com: US Business http://ift.tt/2nvwTIL
via IFTTT

California's Wet Winter Points to Some Sorry-Looking Salads

Winter conditions in California have forced some grocers to scrap sales and display less produce because they can’t guarantee a steady supply.

from WSJ.com: US Business http://ift.tt/2nLHxIC
via IFTTT

Honda Split With Ad-Buying Agency Followed Breakdown in Trust

Honda Motor Co.’s U.S. unit in January shifted its more-than-$500 million media-buying account from Mediavest, a unit of advertising giant Publicis Groupe, to an independent agency.

from WSJ.com: US Business http://ift.tt/2nLeEwn
via IFTTT

Shell Goes on a Deep-Water Drilling Diet

Royal Dutch Shell, facing low oil prices for the foreseeable future, is learning how to cut costs and squeeze more production out of big offshore fields. One secret: using techniques borrowed from onshore.

from WSJ.com: US Business http://ift.tt/2mlQM5e
via IFTTT

Costco Sues Titleist In Battle Over Golf Balls

The improbable popularity of a new golf ball sold by Costco Wholesale Corp. has sparked a legal battle between the company and Titleist, the manufacturer of golf’s top-selling ball.

from WSJ.com: US Business http://ift.tt/2mlV3pa
via IFTTT

SoftBank Scraps $100 Million Investment in iPhone Rival

SoftBank dropped a $100 million investment in a smartphone startup founded by the creator of Google’s Android software, partly because of the Japanese investor’s relationship with Apple.

from WSJ.com: US Business http://ift.tt/2nWaNLY
via IFTTT

Brexit Causes Bubbly to Lose Some of its Sparkle in Britain

Champagne exports to the U.K. last year dropped 14% in euros and 8.7% in volume after sterling’s slide following Britain’s vote to leave the European Union pushed up prices of bubbly, according to new data from the trade association Comité Interprofessionnel du Vin de Champagne.

from WSJ.com: US Business http://ift.tt/2nWalNU
via IFTTT

Plenty of Cash Lies Buried on Canada's Oil Sands

Canada’s oil sands are being shunned in favor of shale by investors but present bargains for companies and investors with patience.

from WSJ.com: US Business http://ift.tt/2nWcOrp
via IFTTT

Google to Simplify YouTube Ad Controls Amid Outcry Over Extremist Videos

An executive for Alphabet’s Google apologized for commercials that appeared before extremist videos on its YouTube site and said it would simplify tools that allow advertisers to control where their ads appear.

from WSJ.com: US Business http://ift.tt/2nrZr5L
via IFTTT

Trump Travel Ban, Strong Dollar Take Edge Off Tourism to U.S.

Turmoil over President Donald Trump’s efforts to curb immigration risks reducing tourism to the U.S. beyond the impact the strong dollar has already had on the country’s attractiveness for holidaymakers.

from WSJ.com: US Business http://ift.tt/2mHxwdP
via IFTTT

Politico CEO Reins In Predecessor's Projects

Political-news outlet Politico faced the biggest crisis of its history last year and is reshaping its business after high-profile departures and amid a new Beltway rival.

from WSJ.com: US Business http://ift.tt/2nCUfwD
via IFTTT

Netmarble Set to Score South Korea's Biggest IPO Since 2010

South Korea’s largest mobile-gaming company wants to raise up to $2.4 billion in a late-April initial public offering, in what would be the country’s biggest stock debut since Samsung Life Insurance.

from WSJ.com: US Business http://ift.tt/2nJQS3z
via IFTTT

Divisions on Trade Dominate Global Summit

World finance chiefs struggled during a weekend of tense talks to find common ground on boosting trade in a global economy that is finally showing faint signs of momentum.

from WSJ.com: US Business http://ift.tt/2mHBFyf
via IFTTT

Vodafone Looks for Dominance in India

Vodafone said it would merge its Indian business with a local rival, a move that would create India’s largest wireless company and could strengthen the British telecommunication giant’s standing in a cutthroat market.

from WSJ.com: US Business http://ift.tt/2mk636t
via IFTTT

What's Attacking the Web? A Security Camera in a Colorado Laundromat

A video recorder in a Colorado laundromat is just one of hundreds of thousands of connected devices that host malicious software. Often left without adequate protections, these devices are drafted into ‘botnets’ that are constantly attacking the internet.

from WSJ.com: US Business http://ift.tt/2mLwbDI
via IFTTT

Washington Cos. Makes Bid for Dominion Diamond

Canadian miner Dominion Diamond Corp. received a $1.1 billion bid from a privately held conglomerate in Montana but the two sides are at a negotiating impasse, setting the stage for a public takeover fight.

from WSJ.com: US Business http://ift.tt/2npWbIg
via IFTTT

Uber President Of Ride-Sharing Jeff Jones Resigns

Uber Technologies Inc. is losing another high profile executive amid a deepening crisis at the ride-hailing firm over its work culture.

from WSJ.com: US Business http://ift.tt/2mKotJT
via IFTTT

Global Economy Week Ahead: European Wages, U.K. Inflation, U.S. Home Sales

The week ahead will bring data from advanced economies around the globe, from European wages and British inflation to Japan’s trade surplus and the U.S. housing market.

from WSJ.com: US Business http://ift.tt/2nGXmjZ
via IFTTT

It's Good to Be a CEO, Again: Stocks Rise, and So Does Pay

Pay raises are back in style in the corner office, erasing cuts from a year earlier and pushing CEO compensation to new highs amid a robust stock market.

from WSJ.com: US Business http://ift.tt/2mJriea
via IFTTT

GM Tries a Subscription Plan for Cadillacs---a Netflix for Cars at $1,500 a Month

GM is experimenting with a subscription model for Cadillac, the latest effort by a car company to test whether people are willing to treat personal transportation like a Netflix account.

from WSJ.com: US Business http://ift.tt/2n4lajv
via IFTTT

Why a Music Mogul Is Buying Tiny Trade Magazines

In the latest sign that the music industry is mounting a comeback, one of the most powerful men in the business, Irving Azoff, is snapping up some of its least flashy assets: trade publications. Mr. Azoff and a business partner, Tim Leiweke, recently purchased Venues Today, and are in talks to buy Pollstar.

from WSJ.com: US Business http://ift.tt/2mJLLjd
via IFTTT

How Chip Designers Are Breaking Moore's Law

Microprocessors got smaller, faster and more power-efficient, but as they reach their physical limitations, chip architecture is driving performance gains.

from WSJ.com: US Business http://ift.tt/2n4zicn
via IFTTT

'Beauty & the Beast' Another Successful Live Action Remake for Disney

Walt Disney’s ‘Beauty & The Beast’ was a monster at the box office this weekend, opening to $170 million in the U.S. and Canada, according to studio estimates.

from WSJ.com: US Business http://ift.tt/2mJA1gp
via IFTTT

U.K. Trade Policy After Brexit Must Reckon With Gravity

To boost trade after Brexit, the U.K. will have to grapple with a powerful force: gravity. Economists have for decades observed that the volume of trade between economies is tightly linked to their size and proximity.

from WSJ.com: US Business http://ift.tt/2nSy4hS
via IFTTT

New Intel Storage Drives Feature Faster Memory Technology

Intel Corp. is starting to ship the first products based on technology called 3D XPoint that it says bridge the gap between speedy conventional memory and flash memory used for longer-term storage.

from WSJ.com: US Business http://ift.tt/2mIEUGp
via IFTTT

Freeport's Dispute With Indonesia Hits Output From Giant Copper Mine

Freeport-McMoRan’s standoff with Indonesia over the giant Grasberg mine is entering a new phase, as the company scales back operations while trying to force a resolution to the dispute.

from WSJ.com: US Business http://ift.tt/2meppdu
via IFTTT

Apple CEO Tim Cook Defends Globalization in China Speech

Apple’s Chief Executive Tim Cook defended globalization in a rare public speech in China, as his company faces political pressure in the U.S. to bring back factories.

from WSJ.com: US Business http://ift.tt/2mU6npI
via IFTTT

Italy Nominates Eni CEO Descalzi for Second Term

The Italian government made a series of nominations for the top management of large listed companies it controls, including confirming the chief executive of oil major Eni SpA for a second three-year term.

from WSJ.com: US Business http://ift.tt/2nkF1vD
via IFTTT

Too Many Stores? Retailers Weigh Options

U.S. retailers gathering at a conference in Las Vegas will be looking for ways to deal with a problem that has no simple fix. Once considered a competitive advantage, store footprints have now become a burden for many chains as more shopping moves online.

from WSJ.com: US Business http://ift.tt/2nPRXpS
via IFTTT

G-20 Grapples With Differences on Trade

The world’s 20 largest economies are still struggling to find a common position on trade and open-market issues as the group’s finance chiefs gather in Germany, according to the German finance minister.

from WSJ.com: US Business http://ift.tt/2nNXSvo
via IFTTT

Mnuchin Says U.S. Is Seeking to Avoid Trade Wars

U.S. Treasury Secretary Steven Mnuchin said the Trump administration wants to avoid trade wars as it seeks to renegotiate the U.S.’s economic relationships and ensure its firms can compete fairly across the world.

from WSJ.com: US Business http://ift.tt/2nMYgug
via IFTTT

As Easy-Money Era Winds Down, Markets Bet on Growth

Central banks around the world are signaling a move away from ultra-easy money, but financial markets are responding as if the low-interest-rate party isn’t stopping.

from WSJ.com: US Business http://ift.tt/2maopqv
via IFTTT

U.S. Industrial Production Steady in February

U.S. industrial production was flat in February, though underlying figures suggest steady economic growth amid a pickup in manufacturing and mining activity.

from WSJ.com: US Business http://ift.tt/2nvi74X
via IFTTT

Why a Single Failed Router Can Ground a Thousand Flights

Glitches that can ground hundreds of flights are becoming routine as U.S. airlines battle the vast, aging information technology that keeps them aloft. And while breakdowns enrage customers and cost carriers money, experts warn there’s no quick fix.

from WSJ.com: US Business http://ift.tt/2n5A0qd
via IFTTT

Nokia Mobile Networks Chief to Leave in Strategic Shake-Up

Nokia is shaking up it core telecoms-equipment unit, as it struggles with slowing demand and a raft of new competitors.

from WSJ.com: US Business http://ift.tt/2mzv5Kj
via IFTTT

Yahoo's Marissa Mayer Gets Reprieve From Hacking Criticism

Federal officials this week heaped praise on Yahoo CEO Marissa Mayer for the company’s cooperation in an investigation of the hacking of hundreds of millions of the site’s accounts.

from WSJ.com: US Business http://ift.tt/2mzBmp8
via IFTTT

Nintendo to Double Production of Switch Console

Nintendo plans to manufacture 16 million or more of its Switch consoles in the year starting April 1, up from an initial plan for eight million, owing to strong demand since its March 3 launch.

from WSJ.com: US Business http://ift.tt/2nuIpEF
via IFTTT

Google Tests Waters of Voice Ads on Speaker

Google’s smart home speakers played an unprompted promotion for Disney’s new “Beauty and the Beast” movie, the first sign of how the world’s largest advertising company could shoehorn ads into its growing number of voice interactions with users.

from WSJ.com: US Business http://ift.tt/2mzoEXu
via IFTTT

Alleged Yahoo Hacker Has Evaded Previous Arrest

Alexsey Belan, a Latvian-born Russian national, is allegedly at the center of the Yahoo hack and has been named in two prior U.S. federal indictments dating back to 2012.

from WSJ.com: US Business http://ift.tt/2mV0kTu
via IFTTT

Airbus Says French Fraud Investigators Open Probe Into Possible Misconduct

France’s financial-crimes investigator has begun a preliminary probe into alleged wrongdoing at Airbus Group, amid widening accusations facing the European plane maker over potential corruption.

from WSJ.com: US Business http://ift.tt/2nsQ4mG
via IFTTT

Honest Co. to Replace CEO With Clorox Executive

Honest Co., the consumer-products business co-founded by actress Jessica Alba, is replacing Chief Executive Brian Lee with Clorox Co. executive Nick Vlahos after the money-losing startup failed to sell itself to a bigger player.

from WSJ.com: US Business http://ift.tt/2mzveOp
via IFTTT

Caterpillar Taps Former U.S. Attorney General to Help Deal With Probe

Officials at Caterpillar, which has faced scrutiny from federal investigators, said Thursday it has tasked former U.S. Attorney General William Barr to help assess matters related to government raids on its facilities earlier this month.

from WSJ.com: US Business http://ift.tt/2m6LjPG
via IFTTT

Trump Calls for Stripping FAA Authority Over Air-Traffic Control

The Trump administration’s proposed budget seeks to transform the federal air-traffic control system into an independent, nongovernmental organization, a controversial step that is backed by much of the U.S. airline industry.

from WSJ.com: US Business http://ift.tt/2mzCgTo
via IFTTT

Nutella Maker Looks to Spread in U.S. Market

Italy’s Ferrero International SA has agreed to buy U.S.-based Fannie May Confections Brands for $115 million, as the maker of Nutella and TicTacs tries to strengthen its foothold in the critical North-American chocolate candy market.

from WSJ.com: US Business http://ift.tt/2mTWl9A
via IFTTT

Judge Denies Ex-VW Executive's Request for Prison Release on Bond

A U.S. judge denied a former Volkswagen executive’s request to be released from prison on bond while awaiting trial on charges he participated in the German auto maker’s emissions fraud.

from WSJ.com: US Business http://ift.tt/2m69DkM
via IFTTT

Insurers See Health-Care Premiums Increasing Significantly

Republicans seeking to overhaul the Affordable Care Act face growing signs that there could be big premium increases for individual plans next year, and insurance-industry officials point to other factors that could also help push up premiums and hurt insurer participation.

from WSJ.com: US Business http://ift.tt/2myvei0
via IFTTT

How Hackers Turned Yahoo's Own System Against Its Users

The U.S. criminal charges over a major hack against Yahoo shed light on how, once the hackers breached the company’s servers in 2014, they used its own internal systems against its users—even employing Yahoo’s software to erase their digital footprints from its network.

from WSJ.com: US Business http://ift.tt/2m68Dgw
via IFTTT

Lufthansa Gets a Lift as Airfares in Europe Show Signs of Steadying

Deutsche Lufthansa joined some of its biggest European rivals in suggesting a sharp fall in ticket prices is abating, amid a rosier economy and tighter capacity.

from WSJ.com: US Business http://ift.tt/2myNLKJ
via IFTTT

Twitter Tells McDonald's Its Account Was Compromised

McDonald’s Corp. on Thursday was notified by Twitter that its account was compromised after a message about President Donald Trump was posted from its corporate Twitter account.

from WSJ.com: US Business http://ift.tt/2mwBuWw
via IFTTT

EU Sounds Alarm Over Risk of Automated Online Price Collusion

EU antitrust agency is closely scrutinizing whether algorithms make it easier for companies to collude over prices online and is considering stricter fines for cartels using those tools.

from WSJ.com: US Business http://ift.tt/2nrJq08
via IFTTT

U.S. Cities Battle Each Other for Jobs With $45 Billion in Incentives

Already depleted by foreign competition, towns offer increasingly lucrative tax breaks and other benefits to keep companies local, sometimes squaring off with neighboring municipalities.

from WSJ.com: US Business http://ift.tt/2nvQ6Hm
via IFTTT

Economists See Growth Climbing in 2017, 2018, Then Dissipating

Most forecasters in The Wall Street Journal’s monthly survey of economists believe the recent boost in stocks and bond yields will be temporary, and not a permanent reset of the U.S. economy’s ability to grow.

from WSJ.com: US Business http://ift.tt/2nrv2oy
via IFTTT

A Discreet Paris Boutique Courts the Ultrarich

Spirits maker Moët Hennessy has turned a Paris apartment into an invitation-only boutique for its best clients, part of an effort by luxury firms to pamper their best-heeled customers to bolster growth.

from WSJ.com: US Business http://ift.tt/2mwhB1G
via IFTTT

Marathon Sells Muscular-Dystrophy Drug to PTC After Pricing Scrutiny

Marathon Pharmaceuticals has struck a deal to sell its muscular dystrophy treatment to PTC Therapeutics, two weeks after a group of U.S. senators began scrutinizing the steroidal drug’s pricing.

from WSJ.com: US Business http://ift.tt/2mxN7x8
via IFTTT

In Dallas, 911 Center Is Haunted by 'Ghost' T-Mobile Calls

Repeated hang-up calls from T-Mobile customers are flooding the 911 center in Dallas, causing massive backlogs, and no one can figure out why.

from WSJ.com: US Business http://ift.tt/2mxI5AJ
via IFTTT

World's Largest Jeweler Chow Tai Fook Targets $3.1 Billion Energy Deal

Hong Kong-based Chow Tai Fook Enterprises has agreed to buy Australian utility Alinta Energy, the latest deal by foreign investors in the country’s energy sector.

from WSJ.com: US Business http://ift.tt/2m4RLGY
via IFTTT

Sony, Paramount Keen to Rewrite Their Script After Years of Decline

As Hollywood’s two worst-performing movie studios seek new leaders, Paramount Pictures and Sony Pictures Entertainment also face more fundamental questions about how to turn around their businesses.

from WSJ.com: US Business http://ift.tt/2mxBdUe
via IFTTT

21st Century Fox's Bid for Sky Referred to Regulators

British authorities will intervene and thoroughly review 21st Century Fox Inc.’s $14.3 billion bid to buy the 61% of British pay-television giant Sky PLC it doesn’t already own, a U.K. lawmaker said.

from WSJ.com: US Business http://ift.tt/2m55BsX
via IFTTT

Tillerson Isn't the Only CEO With an Extra Email Address

The news that Secretary of State Rex Tillerson used an email alias while he was chief executive of Exxon Mobil Corp. surprised much of the business world—if only for his moniker’s creativity.

from WSJ.com: US Business http://ift.tt/2m55JbJ
via IFTTT

U.S. Jobless Claims Fell Last Week to 241,000

The number of Americans applying for unemployment benefits fell last week and continued to hover at a low level consistent with a healthy U.S. labor market.

from WSJ.com: US Business http://ift.tt/2mMtrGH
via IFTTT

U.S. Housing Starts Rose, Permits Fell in February

U.S. housing starts increased 3.0% in February from the prior month to a seasonally adjusted annual rate of 1.288 million, the Commerce Department said Thursday.

from WSJ.com: US Business http://ift.tt/2mStLWp
via IFTTT

Trump's Currency Conundrum Risks Fueling G20 Trade Tensions

U.S. Treasury Secretary Steven Mnuchin faces a currency conundrum as he meets financial leaders in Germany. President Donald Trump thinks the dollar is too strong while China’s yuan and Germany’s euro are too weak. Yet Mr. Trump’s key domestic economic proposals—and rising interest rates in the U.S.—are boosting the dollar’s value.

from WSJ.com: US Business http://ift.tt/2n2OneW
via IFTTT

Trump Is a Management Challenge for Overseas Business Leaders

German Chancellor Angela Merkel brings to the White House on Friday a cadre of corporate chieftains up against a tough balancing act: preserving their deep business ties with the U.S. while facing pressure to respond to divisive Trump policies.

from WSJ.com: US Business http://ift.tt/2nIlMsx
via IFTTT

No More Playboy Print Edition for Some Subscribers

Playboy magazine has informed some readers with discounted subscriptions that they will no longer get the print edition.

from WSJ.com: US Business http://ift.tt/2mSkZY9
via IFTTT

Anxious Equipment Makers Await Trump Spending Plan

Optimism is giving way to impatience among makers of excavators and heavy machinery that hope their businesses will benefit from President Donald Trump’s pledge to pump $1 trillion into infrastructure.

from WSJ.com: US Business http://ift.tt/2mMmwgR
via IFTTT

Volvo Cars Seeks Around $1 Billion Share Sale

Swedish car company Volvo is seeking to raise around $1 billion through the sale of preferred shares ahead of a potential initial public offering, according to people familiar with the situation.

from WSJ.com: US Business http://ift.tt/2mMjUiY
via IFTTT

China Thinks It Has Figured Out Online Grocery Shopping

When it comes to groceries, most Chinese still rely on their neighborhood markets. But that’s starting to change as Alibaba and JD.com use a new form of courier service that works like the Uber of delivery.

from WSJ.com: US Business http://ift.tt/2mM92Sj
via IFTTT

Former Heinz Security Guard Accused of Insider Trading

A former home security guard for a board member of H.J. Heinz Co. has been accused of insider training before the ketchup maker’s 2013 takeover by Warren Buffett and 3G Capital, according to a suit filed by the SEC.

from WSJ.com: US Business http://ift.tt/2mvfWdv
via IFTTT

Regulation of Monsanto Herbicide Called Into Question

Emails among Monsanto employees, released as part of a continuing lawsuit over the company’s flagship ‘Roundup,’ reflect what opposing attorneys say was the company’s inappropriate role in shaping research and a cozy relationship with regulators at the U.S. Environmental Protection Agency.

from WSJ.com: US Business http://ift.tt/2mQHFZ7
via IFTTT

Tesla Raises Additional Funds for Model 3 Debut

Tesla is fundraising again, looking to raise $1 billion in capital ahead of the launch of a lower-priced electric car called the Model 3.

from WSJ.com: US Business http://ift.tt/2muWfTc
via IFTTT

Republicans Explore Changes to Health Bill

House Republicans and President Donald Trump’s administration scrambled Wednesday to negotiate changes to a GOP health-care plan, zeroing in on potential compromises that could win over additional GOP lawmakers.

from WSJ.com: US Business http://ift.tt/2mQa6Gu
via IFTTT

Fed's Yellen Says March Rate Rise Shouldn't Have Been a Surprise

Federal Reserve Chairwoman Janet Yellen said Wednesday financial markets shouldn’t have been caught off guard by the interest rate rise the central bank just delivered.

from WSJ.com: US Business http://ift.tt/2mPAf8q
via IFTTT

Us Weekly to Be Bought by Publisher of National Enquirer

American Media Inc., owner of such entertainment brands as the National Enquirer, Radar Online and Star, has reached an agreement to buy Us Weekly from closely held Wenner Media Inc. for $100 million.

from WSJ.com: US Business http://ift.tt/2n0V3u9
via IFTTT

Indian Mining Magnate Takes Stake in Anglo American

The family trust of the founder of India’s largest mining company is investing $2.44 billion in Anglo-American PLC, a huge outlay on the British mining company that a year ago was locked in a desperate struggle to right itself from a sharp decline in commodity prices.

from WSJ.com: US Business http://ift.tt/2ntrxeb
via IFTTT

Economic Growth Lags Behind Rising Confidence Data

The stock market is booming and businesses and households are near their most confident in years. Yet the U.S. economy shows few signs of breaking out of its long stretch of subpar growth.

from WSJ.com: US Business http://ift.tt/2mtUiGQ
via IFTTT

Pacific Pact Vows to Push Free Trade After U.S. Rejection

Officials from Pacific Rim nations meeting in Chile pledged to keep markets open and expand free-trade accords, pushing back against signs of protectionism in the U.S.

from WSJ.com: US Business http://ift.tt/2mPkpux
via IFTTT

Two Russian Spies Charged in Massive Yahoo Data Breach

Federal authorities have charged four men, including two officers from Russia’s spy agency, with hacking computer systems at Yahoo and stealing personal data that affected hundreds of millions of Yahoo users, in the first such case to directly target the Russian government.

from WSJ.com: US Business http://ift.tt/2nFI3XD
via IFTTT

Deal for Mobileye Puts Intel's Spotty Record of Acquisitions on the Line

The chip maker is banking on a booming market for autonomous-vehicle technology after struggling to justify previous deals, including the 2010 purchase of McAfee.

from WSJ.com: US Business http://ift.tt/2nb4NCw
via IFTTT

Canadian Household Debt Reaches New High in Fourth Quarter

Household debt in Canada advanced to a new high in the fourth quarter as the rate of mortgage borrowing, consumer credit and nonmortgage loans grew in the three-month period.

from WSJ.com: US Business http://ift.tt/2mtvPS2
via IFTTT

Fed Still Sees Three 2017 Rate Increases

Federal Reserve officials still expect to raise short-term interest rates three times this year and see no major changes in their economic outlook.

from WSJ.com: US Business http://ift.tt/2mOJXYG
via IFTTT

Fed Raises Interest Rates, Remains on Track to Keep Tightening

The Federal Reserve said it would raise short-term interest rates and remained on track to keep lifting them this year, signaling the central bank is moving into a new policy phase as the economy strengthens.

from WSJ.com: US Business http://ift.tt/2mtBojj
via IFTTT

Deficits Are a Flawed Guide to Unfair Trade

If bilateral deficits are the marker President Donald Trump is using to make America great, he has set his team up to fail, Greg Ip writes. Global saving, consumption and investment, not tariff barriers, are what govern imbalances.

from WSJ.com: US Business http://ift.tt/2mOwJuO
via IFTTT

China Doesn't Want a Trade War With U.S., Premier Declares

A trade war with the U.S. “would not make our trade fairer,” Chinese Premier Li Keqiang said, describing himself as optimistic about the relationship between the two countries.

from WSJ.com: US Business http://ift.tt/2nsFTeP
via IFTTT

Audi Offices Raided in Continuing Volkswagen Investigation

German police raided the offices and homes of Audi executives in two southern German cities in connection with a criminal investigation of the company in the wake of Volkswagen diesel emissions-cheating scandal.

from WSJ.com: US Business http://ift.tt/2ns0hwN
via IFTTT

Fed Expected to Raise Rates, Hint at Future Increases

The Federal Reserve is almost certain to say it is raising its benchmark interest rate and that it expects to lift it further in coming months at the conclusion of its policy meeting Wednesday.

from WSJ.com: US Business http://ift.tt/2m0ikgk
via IFTTT

U.S. Retail Sales Rose 0.1% in February

U.S. retail sales barely inched ahead in February, a sign of consumer caution that may be linked to a short-term delay for some tax refunds.

from WSJ.com: US Business http://ift.tt/2mINGFy
via IFTTT

Amazon Plans Air Cargo Service for Chinese Customers

Amazon.com Inc. has developed a business to handle shipments for its sellers by land and by sea—and soon by air.

from WSJ.com: US Business http://ift.tt/2mZlpMN
via IFTTT

Tech Suppliers Who Could Win From Apple iPhone 'Supercycle'

Lumentum, STMicroelectronics and Himax, a Taiwanese chip designer listed on the Nasdaq, could benefit if more advanced 3-D sensors are included in the next iPhone.

from WSJ.com: US Business http://ift.tt/2ns3WdO
via IFTTT

Oracle Earnings: What to Watch

Oracle Corp. is set to report financial results for its fiscal third quarter after the close of New York trading Wednesday, and sales from cloud services and the impact of its NetSuite purchase will be in focus.

from WSJ.com: US Business http://ift.tt/2mZh78r
via IFTTT

U.S. Consumer Prices Rose 0.1% in February

U.S. consumer prices rose further in February, the latest sign inflation is near the Federal Reserve’s target and likely clearing the path for higher interest rates.

from WSJ.com: US Business http://ift.tt/2mrZDNK
via IFTTT

As Trump Targets Nafta, Car Industry Aims to Roll With Changes

Auto executives say they can adapt to taxes or other curbs on imports, even as industry advocates insist such moves will dent sales and eat into profit.

from WSJ.com: US Business http://ift.tt/2nEcJbS
via IFTTT

Startup to Serve Up Chicken Strips Cultivated From Cells in Lab

A Bay Area food-technology startup said it had developed the world’s first chicken strip grown from self-reproducing cells, a technology that some believe could reshape the meat industry.

from WSJ.com: US Business http://ift.tt/2n9FWib
via IFTTT

Chinese Developer Finances New Data Highway for Google, Facebook

A Chinese real-estate magnate is financing Google’s and Facebook’s new trans-Pacific internet cable, the first such project that will be majority-owned by a single Chinese company.

from WSJ.com: US Business http://ift.tt/2nE8iO7
via IFTTT

E.ON Posts Biggest-Ever Loss

Uniper spinoff and funding of nuclear-waste storage left deep scars on the company’s balance sheet.

from WSJ.com: US Business http://ift.tt/2mMJO87
via IFTTT

Wal-Mart de Mexico to Invest 17 Billion Pesos in 2017

Retailer Wal-Mart de Mexico SAB said it plans to increase its capital expenditures by a fifth this year, with investments in opening and remodeling stores and bolstering the firm’s logistics and online commerce.

from WSJ.com: US Business http://ift.tt/2mMJki9
via IFTTT

Zara Parent Inditex Profit Up as Sales Hit Record

Inditex, the retailer behind the Zara fast-fashion chain, reported a 10% jump in full-year net profit on record-high sales, and signaled it will speed up closures of smaller stores to open bigger ones that together with online can attract more customers.

from WSJ.com: US Business http://ift.tt/2mrASCc
via IFTTT

SpaceX Gets Win in Push for Military Satellite Launches

The U.S. Air Force picked Elon Musk’s SpaceX to blast a second Global Positioning System satellite into orbit, part of a broader drive to open up various other launch contracts for competitive bidding through late 2019.

from WSJ.com: US Business http://ift.tt/2mMTYFL
via IFTTT

Steve Bannon and the Making of an Economic Nationalist

The controversial White House counselor says his father’s 2008 financial trauma helped crystallize his antiglobalist views and led to a political hardening; “I’m going to be totally wiped out.”

from WSJ.com: US Business http://ift.tt/2n8g5qY
via IFTTT

Hostess Shows Americans Still Have a Sweet Tooth

Hostess Brands Inc. said sales and profit rose as it brought Twinkies and other treats to more stores in the fourth quarter, the first since its resurrection as a public company.

from WSJ.com: US Business http://ift.tt/2mqdrIY
via IFTTT