Brazil's Odebrecht Plans to Take All of Its Businesses Public

The billionaire Odebrecht family that owns Latin America’s largest construction group plans to relinquish its grip over the board and turn all of the firm’s businesses public, as the company battles to emerge from one of the largest corruption scandals in history.

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Microsoft to Cut Sales Jobs Next Week

Microsoft will reorganize its global sales group next week, laying off workers, as it refines the business to focus on selling its cloud-computing services, according to a person familiar with the plans.

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Insurers' Policy Warnings Raise Stakes in Health Fight

Hundreds of thousands of consumers are getting letters from insurers warning that their health plans will be terminated at year-end, raising alarm at a politically sensitive moment in the health-care debate.

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Europe Is Becoming a Bigger Problem for Silicon Valley

Recent decisions against companies including Google and Facebook are highlighting a divide between U.S. and European regulators, who have sought to protect industries and consumers from tech giants’ practices.

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Shipping Giant Maersk Slowly Restarts Operations

Moeller-Maersk, the world’s biggest container-ship operator, is struggling to restore its global computer network after a major cyberattack this week forced it to rely on phone calls and texts to keep operations going.

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E*Trade, in Bid to Survive, Returns to Its Roots

E*Trade’s board has delivered an ultimatum to its new chief executive: Clearly define the company’s future by the end of next year or face a possible sale, executives at the discount brokerage say.

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'Spider-Man:' A $175 Million Commercial for Disney Toys

“Spider-Man: Homecoming” brings two of Hollywood’s biggest competitors together in an unprecedented partnership that one company hopes will revive its movie business and the other expects to be a two-hour promotion for its toys.

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Oklahoma Sues Opioid Painkiller Makers

Oklahoma became the latest state to file a lawsuit against opioid painkiller makers, alleging they caused widespread addiction by misrepresenting the benefits and addictive risks of their drugs.

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Subscription Music Service Sounds a New Note: Profit

Saavn, which operates a niche music service focused on Indian music, says is on track to turn a quarterly profit by the end of next year.

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Alibaba Looks to Echo Amazon's Smart-Speaker Success

Chinese e-commerce major Alibaba plans to introduce a digital personal assistant similar to Amazon.com’s Echo device in coming days.

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Ford CEO: Decision-Making 'Shot Clock' Neededto Accelerate Plans

Ford Motor’s new CEO Jim Hackett is enforcing a “shot clock” on lingering decisions at the auto maker to put plans into action faster and regain competitive footing in vital segments of the car business.

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2 Killed, 4 Injured at Coal Power Plant Near Tampa, Fla.

Two workers were killed on Thursday afternoon and four hospitalized with serious injuries at a coal power plant near Tampa, Fla., that had recently undergone a surprise federal safety inspection.

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Trump Set to Miss Steel-Tariff Deadline

The Trump administration is set to miss a self-imposed Friday deadline for concluding a major probe of steel imports, a delay officials said was driven by unanticipated complexities in engineering such a big shift in trade policy.

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Canadian Central Bank Survey Signals Sales, Hiring to Gather Steam

Canadian firms expect sales prospects to improve over the next year, and are accelerating hiring plans to help meet strong domestic demand, the Bank of Canada said.

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U.S. Consumer Spending Up 0.1% in May

U.S. consumer spending inched ahead in May, a slowdown from prior months that still suggests steady growth in a key segment of the economy.

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Eurozone Inflation Falls Again in Setback for ECB

The eurozone’s annual rate of inflation fell for the second straight month in June to its lowest level in 2017.

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Google Executive to Tackle Slow Pace of Change

Google’s workforce continues to look pretty much the same as previous years, according to its annual diversity report published Thursday, a sign of the task awaiting Danielle Brown, the company’s newly named head of diversity.

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Cyberattack Launched for Pain, Not Profit, Experts Say

This week’s global virus outbreak that grounded airplanes in Ukraine, slowed FedEx courier deliveries in Europe and disrupted Maersk container ships around the world was devised simply to damage businesses, not earn profits for the hackers behind it, security experts now believe.

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Nike Reports Sales Gain Despite Some Weak Growth

Nike said Thursday that strong sales overseas helped fuel growth in its fourth-quarter profit despite higher costs and tepid gains in North America.

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Cyberattack Forces West Virginia Hospital to Scrap Computer Systems

Princeton Community Hospital in rural West Virginia will scrap and replace its entire computer network after being struck by the cyberattack paralyzing computers globally.

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Greta Van Susteren Leaves MSNBC

MSNBC has dropped Greta Van Susteren as the anchor of its 6 p.m. hour after only six months.

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New York Times Staffers Stage Walkout to Protest Job Cuts

New York Times staffers held a walkout on Thursday afternoon to protest pending job cuts expected to affect the newspaper’s copy editing staff.

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Germany to Toughen Regulations Against Hate Speech Online

German lawmakers are set to pass some of the most aggressive online regulations in the West, fining social-media companies up to $57 million if they don’t quickly delete hate speech, libel and other illegal content.

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Global Law Firm DLA Piper Faces Disruptions After Cyberattack

DLA Piper, which commands thousands of lawyers across dozens of countries and represents some of the largest companies, has been at a virtual standstill for more than two days after the “Petya” ransomware attack.

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CBO Says Government Could Run Out of Cash in Early to Mid-October

The government could run out of cash to pay its bills in early to mid-October, unless Congress raises the federal borrowing limit, according to a new analysis from the Congressional Budget Office released Thursday.

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Senators in Health Talks Propose to Keep Tax on Investment Income

GOP senators negotiating the health-care bill are considering keeping the Affordable Care Act’s tax on investment income, a move that would run counter of the party’s goal of doing away with such taxes.

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GE, the Ultimate Global Player, Is Turning Local

General Electric’s decision to build a flood-challenged new locomotive plant in India, among other local manufacturing efforts, shows how it’s radically shifting its business model to deal with rising protectionism and slowing trade flows.

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Sycamore Plans to Split Staples into Three

Sycamore Partners intends to split Staples Inc. into three to help fund its $6.9 billion purchase of the office-supply seller, in another sign of the challenges facing the retail industry.

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Google's Main Strategy Is Under Threat From EU

Google has thrived by launching new services out of its powerful search engine, but a European Union fine against the company now puts its hallmark strategy under threat.

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Aetna to Move Headquarters to New York

Aetna will move its corporate headquarters along with 250 jobs to Manhattan by late 2018, from Hartford, Conn., the latest company to abandon a smaller city for a major urban center.

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BP Writes Off Exploration Assets in Angola

BP PLC said Thursday it will write off $750 million from its second quarter earnings as a result of poor exploration results in Angola, an oil-rich country that the company has touted as a pillar of its business.

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Blue Apron's Shares Edge Higher in Trading Debut

Shares of Blue Apron Holdings Inc. hovered just above the initial public offering price in their market debut Thursday after they priced at the bottom of lowered expectations.

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Return of First iPhone: 10 Years Later, So Slow, So Small

Apple Inc.’s first iPhone was a touch screen wonder in 2007; Joanna Stern reviews it in 2017 and finds it is a reminder of how far mobile technology has come.

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Amazon's Whole Foods Deal Adds Pressure on Grocery Services to Deliver

The impact of the e-commerce giant’s Whole Foods deal on online grocery services is still unclear, but one thing is certain: Competition is heating up. From Instacart to Peapod, firms are racing to gain a larger share of the fast-growing market.

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The Latest UPS Delivery Vehicle Isn't a Drone, It's a Golf Cart

UPS plans use golf carts to deliver packages in Kentucky during the holiday season instead of expanding its fleet of delivery trucks, a move that is rankling the local Teamsters union.

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Groovin': Sony to Press Its First Vinyl Records Since 1989

Sony Music Entertainment, owner of storied U.S. music labels Columbia and RCA, said it plans to produce vinyl records for the first time in three decades, jumping back into a format that is experiencing a renaissance.

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What Would Don Draper Say? AMC Offers Commercial-Free Version

Comcast cable subscribers will be able to watch current season episodes of AMC shows like “The Walking Dead” commercial-free if they are willing to pay an extra $5 a month.

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Nike Earnings: What to Watch

Nike is scheduled to report its fiscal fourth-quarter earnings after the market closes on Thursday.

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U.S. GDP Growth Revised Up to 1.4% in First Quarter

U.S. economic growth was slightly stronger than previously thought in early 2017, and is on track to strengthen further in the almost-completed second quarter.

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U.S. Jobless Claims Rose Last Week

The number of Americans applying for first-time unemployment benefits rose last week, though overall numbers remain consistent with steady job gains.

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Walgreens Ends Rite Aid Merger, to Buy Half Its Stores

Walgreens Boots Alliance and Rite Aid nixed their $9.4 billion merger agreement and reached a new deal in which Walgreens will instead buy half of Rite Aid’s stores for $5.1 billion in cash.

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Fox's Bid for Sky Set for More U.K. Scrutiny

The U.K. government said it was likely to require further scrutiny of 21st Century Fox’s $15.1 billion bid to buy the 61% of British TV giant Sky it doesn’t already own.

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A New Problem for Keystone XL: Oil Companies Don't Want It

Keystone XL is facing a new challenge: The oil producers and refiners the pipeline was originally meant to serve aren’t interested in it anymore.

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China's Tech Entrepreneurs Need to Watch Their Backs

China’s largest tech companies shouldn’t take for granted the preferential treatment they get despite no longer being fledglings: It riles more-traditional entrepreneurs—and government relationships could always go sour.

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Eurozone Confidence Hits Post-Crisis High

Eurozone businesses and consumers became more optimistic in June about their prospects than at any time since before the global financial crisis, reflecting a pickup in economic growth and the rejection by voters of parties hostile to the European Union in recent elections.

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Fed's Stress Tests: All Banks Cleared on Payouts to Shareholders

Big U.S. banks won approval from the Federal Reserve on Wednesday to return money to shareholders, suggesting regulators believe they are healthy enough to stop stockpiling capital.

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Staples Nears Deal With Sycamore

Private-equity firm Sycamore Partners is nearing a deal to buy office-supply retailer Staples Inc. for more than $6.5 billion, a bold bet on a company whose sales have been shrinking in recent years.

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U.S. Sets New Air Security Measures in Place of Broad Laptop Ban

The Department of Homeland Security mandated new security measures for airlines flying to the U.S., stepping back from a broader ban on traveling with laptops.

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Is Food Giant Nestlé Turning Away From Food?

Nestlé, the world’s biggest packaged-food company, may be cutting back on packaged food.

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Google Rivals Cheer EU Antitrust Ruling---But Will It Help?

Google’s smaller rivals see a lifeline in the EU’s decision to fine the search giant €2.4 billion and order it to remake its shopping service.

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Blue Apron IPO Tied Up by Big Tech

Blue Apron Holdings is the latest startup to have a tech giant suck the air out of its public market debut. It certainly isn’t the first and likely won’t be the last.

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Bank of Canada's Poloz Signals July Rate Rise in Play

Bank of Canada Gov. Stephen Poloz reignited expectations for a rate increase next month by saying excess slack in the Canadian economy is now being absorbed “steadily” at the current pace of growth.

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How Nike Capitulated to Amazon After Years of Resistance

As traditional stores close, the sneaker giant reversed course and made a deal to sell on the site, seeking more control of pricing and display.

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ABC News Settles 'Pink Slime' Food-Libel Lawsuit

ABC News has settled a defamation lawsuit filed by the maker of a processed-meat product that critics dubbed “pink slime,” bringing to a close a high-profile legal test of so-called food-libel laws intended to shield the food-production industry from bogus food-safety scares.

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Echo Show Review: Alexa Gets More Intrusive With Camera and Screen

Amazon.com Inc.’s Echo Show gives a camera and a touch screen to its talking assistant Alexa, increasing her AI capabilities but also making her annoying to live with, Geoffrey A. Fowler finds.

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Samsung to Invest Millions in South Carolina Factory

Samsung Electronics will invest $380 million to expand its U.S. home-appliance manufacturing operations at a site in Newberry, S.C., generating more than 950 local jobs by 2020.

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Which Airlines Pad Their Schedules the Most?

U.S. carriers have added more cushion to schedules to account for weather delays, air-traffic mix-ups—and to climb DOT rankings for on-time arrivals.

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Pound Surges as BOE's Carney Hints at Rate Rise

The pound jumped after Bank of England Gov. Mark Carney said interest rates in the U.K. may need to rise if the economy keeps motoring despite weak consumer spending.

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Blue Apron Chops Its IPO Price Range

Meal-kit maker Blue Apron is struggling to win over investors in its initial public offering, and now expects to sell shares at a lower price than originally targeted.

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U.S. Tech Firms Feel the Heat in Europe

From Google to Apple, top American tech companies have been on the receiving end of tough EU decisions in recent years. Experts and regulators say it isn’t about bias, it’s because they’re dominant in industry.

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Apple's Big Plans for Anniversary Edition iPhone

Apple plans to celebrate 10 years of the iPhone with three phones instead of two and new features like wireless charging and facial-recognition tech. What could possibly go wrong?

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Toshiba Sues Western Digital in Bid to Keep Sale of Chip Unit Alive

Toshiba is racing to bring in $20 billion from the sale of its stake in Toshiba Memory.

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Why Your Local CVS Is Hiding the Candy and Tanning Oil

After it stopped selling cigarettes three years ago, drugstore chain CVS is making another push toward healthier offerings, cutting back on candy, trans-fats and low-SPF sunscreens in its stores.

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Silicon Valley Forges Ahead on Boosting Minimum Wage

Proponents of a $15 minimum wage have found fertile territory in Silicon Valley, where the region’s booming tech industry is credited for helping drive soaring housing prices and a large income gap.

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Yogurt Declines Continue to Hurt General Mills

General Mills Inc.’s new chief executive said he would invest in turning its sales declines around as struggling yogurt sales continue to weigh on the company.

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Alibaba Pumps Another $1 Billion Into Lazada

The Chinese internet giant is plowing an additional $1 billion into Southeast Asian e-commerce firm Lazada Group, raising its stake to 83% from 51%.

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Nestlé's $21 Billion Buyback Not as Sweet as Can Be

Investors increasingly seem to expect the same sugar rush from Nestlé that they have got this year from Unilever. But that comparison shouldn’t be pushed too far.

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Trump to Nominate Attorney William Emanuel to Labor Board

President Donald Trump selected a second Republican, labor-law attorney William Emanuel, to fill a vacant seat on the National Labor Relations Board.

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House Republicans Push Back Budget's Release Until After Recess

Republican lawmakers have delayed the rollout of their budget for the 2018 fiscal year until after members return from a July 4 recess amid continuing negotiations over proposed mandatory spending cuts.

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Health Bill Draws Fiscal Fault Line Between Old and Poor---and the Poor Are Losing

The Senate’s health plan doesn’t just roll back an entitlement Republicans have long loathed. By singling out Medicaid, it is a watershed moment in the deeper struggle over a safety net that pits the elderly against the poor, Greg Ip writes.

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Labor Shortage Squeezes Real-Estate Developers

About two-thirds of the contractors who are struggling with the labor shortages gripping the construction industry say it has become a challenge to finish jobs on time, according to a new survey.

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Global Firms Work to Contain Fallout From Cyberattack

The fallout from cyberattacks that disrupted computers across Europe and the U.S. continued to cause problems for the world’s largest shipping firm as A.P. Moller-Maersk reported that a number of its port operations remain affected.

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What a Sprint Deal With Comcast and Charter Would Mean for Wireless

In a potential deal with Sprint, cable operators Comcast and Charter Communications are seeking the ability to sell Sprint’s wireless service under their own brands.

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Shhh, Look, It's a Lesser-Spotted Refrigerated Maersk Container!

Forget birds and trains, spotters are haunting storage yards seeking rare versions of the ubiquitous metal boxes.

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Takata Wins U.S. Court Approval on Car-Maker Concessions

Takata’s U.S. units Tuesday won approval for novel arrangements that will see the world’s largest car makers step up to make sure the troubled parts maker stays in business despite massive product liability claims.

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American Airlines to Test 3-D Bag Screening Equipment

American Airlines Group Inc. is testing new machines that map the contents of hand luggage more accurately, aiming to address heightened concerns over explosive devices that could be carried onto a plane.

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Delaware Supreme Court Rules Against Westinghouse in Chicago Bridge Fight

Delaware’s Supreme Court ruled against Westinghouse Electric in a payment dispute tied to its 2015 acquisition of Chicago Bridge & Iron’s nuclear construction business.

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Soupman Company's Bankruptcy Case Heats Up

The Original Soupman Inc., whose founder was the inspiration for a well-known character on the television series Seinfeld, says a penny stock investor tried to “extort” the company before its bankruptcy filing early this month.

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Health Insurers Uneasy With Senate's Approach to Continuous Coverage

Health-industry officials say it isn’t clear how much an added provision they sought for the Senate health bill will go toward helping insurance plans draw in the young, healthy enrollees insurers crave.

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Wireless Industry's Long Wait for Good News

Sprint’s talks with Comcast and Charter Communications over a possible network deal could ramp up competition in the already ailing wireless industry.

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Nestlé Plans Share Buyback After Pressure From Third Point

Nestlé on Tuesday announced plans to launch a $20.8 billion share buyback, focus its capital spending on categories like coffee and pet care, and look for consumer health care acquisitions, a move that comes after it found itself the target of activist investor Third Point.

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Yellen: U.S. Financial System Is 'Safer and Sounder' Than Before Crisis

The U.S. financial system is “safer and sounder” than it was before 2008, although another crisis can’t be ruled out, Federal Reserve Chairwoman Janet Yellen said in London.

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Cyberattacks Hit Companies Across Europe

Global businesses, including shipping giant Maersk, advertising firm WPP Group and Russian oil company Rosneft, reported significant cyberattacks against their computer systems.

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Just Say No? When An Edgy Company Offers A Top Job

Your Executive Career: Executives, beware of marijuana and adult toys. Joining an edgy enterprise such as a marijuana producer or marital-aids business could make it difficult to land a good role at a mainstream company later.

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Chinese Premier Touts 'Unimaginable Job Growth'

Chinese Premier Li Keqiang made a strong defense of his signature program aimed at bolstering the country’s new economy as traditional drivers lose steam, saying the initiative has led to significant job creation.

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For a More Productive Workforce, Scientific Know-How Helps

Companies with a higher proportion of scientists and engineers are more productive than their peers, a new paper from the National Bureau of Economic Research suggests.

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Pandora CEO Tim Westergren Resigns

Pandora Media’s co-founder and chief executive, Tim Westergren, is resigning from the company as the internet radio service contends with the rise of subscription music platforms.

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Home-Price Growth Slows in April

Home-price growth slowed in April for the first time in months, a trend that, if it continues, may signal the market is starting to cool as buyers weary of rapid price gains.

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UPS to Freeze Pension Plans for Nonunion Staffers

United Parcel Service plans to freeze pension plans for thousands of nonunion employees, seeking to contain the burden of a retirement fund with a nearly $10 billion deficit.

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Stir Fry on Sale? Blue Apron Turns to Deals to Draw Customers

Meal-kit maker Blue Apron has ripened to a company on the verge of an initial public offering with 1 million customers and more than $790 million in annual revenue. But the company is finding it hard to get loyal customers.

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Under Armour Brings Back COO Role

Under Armour said that it brought in a footwear executive to be its new president and operating chief, adding a top deputy under founder and CEO Kevin Plank as the company seeks to reinvigorate growth.

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Hollywood Studios, Suspicious of China's Box Office, Conduct Audit

Hollywood studios are conducting an audit of box-office receipts from Chinese movie theaters out of concern that they are being short-changed.

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Samsung Revives Galaxy Note 7 With New 'Fandom Edition'

A refurbished version of the premium smartphone, whose global recall last year garnered unwanted attention for Samsung after some caught fire, is coming to retailers’ shelves on July 7 with different components under the name Galaxy Note 7 FE.

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Kohl's Poaches CFO From Supervalu

Kohl’s has hired an executive with experience in food and office supplies to serve as its next chief financial officer.

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IMF Cuts U.S. Economy Forecast Amid Rising Policy Uncertainty

The International Monetary Fund lowered its forecast for the U.S. economy on Tuesday, saying it could no longer assume the Trump administration will be able to deliver pledged tax cuts and higher infrastructure spending.

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Trump Administration Opens Marathon Nafta Hearings

The U.S. Trade Representative’s office plans to hold three days of public hearings over plans to rewrite the Nafta deal with Mexico and Canada.

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Trump Administration Struggles to Find Community Banker for Fed Board

The Trump administration is struggling to find a nominee for the Federal Reserve board with community banking experience, delaying plans to fill two other Fed vacancies, including a key regulatory post.

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Western Digital Offers New Proposal to Toshiba for Joint Business

Western Digital has submitted to Toshiba a new proposal to buy their joint-venture chip business, teaming up with U.S.-based private-equity company KKR.

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Judge Denies Qualcomm Motion to Dismiss FTC's Competition Suit

A U.S. federal judge ruled against Qualcomm’s motion to dismiss a Federal Trade Commission case arguing that the large supplier of smartphone chips used its position to compete unfairly.

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Google Slapped With $2.7 Billion EU Fine Over Search Results

The European Union’s antitrust regulator fined Alphabet’s Google a record $2.71 billion for favoring its own comparison-shopping service in search results.

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European Cities Are Just Saying 'No' to Scandal-Tinged Diesel Vehicles

European mayors, pressed by courts and activists, are banning or curbing diesel use to combat health-threatening smog, presenting a threat to car makers’ livelihood.

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This Shipping Magnate Is Calling a Bottom in the Oil Rout

Shipping magnate John Fredriksen is trying to buy more oil tankers despite a glut of vessels afloat, a looming $10 billion in debt and two failed takeover attempts that have left his empire reeling.

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Amtrak Names Former Delta Chief as Railroad CEO

Amtrak named former Delta Air Lines chief executive Richard Anderson as the new president and CEO of the national passenger railroad, which is grappling with a backlog of repairs even as ridership continues to grow.

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Rio Tinto Rebuffs Glencore Again in Bidding for Australian Coal Assets

Glencore suffered another setback in the bidding for Australian coal mines, after the commodity giant’s rival Rio Tinto said it would rather take a sweetened offer from a Chinese-owned company.

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Sprint Enters Into Exclusive Talks With Charter, Comcast On Wireless Deal

Sprint has entered into exclusive talks with Charter Communications and Comcast as the cable companies explore a deal that could bolster their plans to offer wireless service, according to people familiar with the matter.

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U.S. Ramps Up Lumber Trade Spat With Canada

The Trump administration added a new layer of duties on softwood-lumber imports from its northern neighbor, even as it said it still hopes to negotiate a settlement before the full bite of the penalties is felt.

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General Motors Lowers Outlook for Industry Vehicle Sales

General Motors Co. expects industry vehicle sales to fall short of its original forecast for the year, the latest sign of a slowdown in the U.S. auto market after a record run.

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Alphabet's Waymo Hires Avis to Service its Driverless Cars

Google parent Alphabet is hiring rental-car firm Avis Budget Group to store and service its self-driving cars in a deal that shows Alphabet’s vision of a network of driverless taxis is getting closer to reality.

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BMW Commits to New Jobs at U.S. Factory

BMW is the latest auto maker to commit to new jobs at a U.S. factory following criticism from President Donald Trump, saying Monday it will create 1,000 American jobs through 2021

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Draghi Says ECB Policy Has Helped Reduce Inequality

European Central Bank President Mario Draghi defended the impact of the bank’s stimulus policies on Europe’s youth, arguing that keeping interest rates low had helped create jobs and reduce inequality.

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Anthem Says Senate Health Bill Will Bolster Individual Insurance Market

Anthem Inc. said it believes that the Senate Republicans’ health bill will bolster the individual insurance market, an endorsement for the legislation as many other insurers have suggested it could undermine the marketplaces created by the Affordable Care Act.

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Arconic Ceases Sale of Cladding Involved in London Fire

Arconic said Monday it will stop selling one type of aluminum cladding for use in high-rise buildings after the material was suspected to have contributed to the spread of a deadly fire through a London apartment tower.

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How The iPhone Was Born: Inside Stories of Missteps and Triumphs

On the iPhone’s 10th birthday, former Apple executives Scott Forstall, Tony Fadell and Greg Christie recount the arduous process of turning Steve Jobs’s vision into one of the best-selling products ever made.

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Nestlé Unmoved by Third Point Demands

Newly minted Nestlé Chief Executive Mark Schneider is facing the first big challenge of his short career in packaged foods.

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Bankrupt Air-Bag Maker Takata Means to Keep Limping Along

Having filed for bankruptcy protection and agreed to sell most of its business, Japan’s Takata could go on for years supplying parts for the tens of millions of its potentially deadly air bags that still need to be replaced.

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In Unilever's Radical Hiring Experiment, Resumes Are Out, Algorithms Are In

To diversify its candidate pool, Unilever has ditched resumes and traditional campus recruiting. Its new process relies on algorithms to sort candidates and targets young potential hires where they spend much of their time: their smartphones.

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Liquor Companies Binge on Mescal but Can't Get Enough

Mescal, a cousin to tequila, is rapidly growing in popularity, but the world’s biggest liquor companies are struggling to parlay its rise into substantial profits.

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CFO Tries to Keep Cycling Company From Spinning Its Wheels

Lisa Klinger has focused on fundamental financial processes—and not a quick spin to an IPO—in her tenure as CFO for Peloton.

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Rural Youth Chase Big-City Dreams

Young people are leaving Iowa’s Mahaska County and other rural communities in the nation’s heartland to go to college—and not many are coming back.

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U.S. Durable Goods Orders Fall 1.1%

Demand for long-lasting factory goods declined in May for the second straight month, a possible sign of softness in the U.S. manufacturing sector.

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Global Economy Week Ahead: U.S. and Europe Inflation, Yellen in London

Inflation figures are due from Europe and the U.S., while Fed Chairwoman Janet Yellen will speak in London and Brazil’s Senate likely will hold a final vote on a contentious bill to overhaul its labor law.

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Amazon's Grocery Ambitions Spell Trouble for Food Brands

Amazon’s deeper push into the grocery business threatens to further pinch packaged-food companies already coping with slowing sales.

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Google Could Be a Day Away From At Least $1 Billion EU Antitrust Fine

The European Union’s antitrust watchdog will as soon as Tuesday hit Google with a fine of more than $1 billion and demand changes to the company’s business practices, according to people familiar with the matter.

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Why Apple and J.P. Morgan Are Chasing Venmo

Big tech and finance firms are charging into person-to-person payments with little regard for making money, believing such services will be vital to getting and keeping consumers.

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Crown Resorts Senior Executive Sentenced to 10 Months in Prison

A senior executive at casino operator Crown Resorts got a a sentence of 10 months in prison for gambling crimes, an Australian government official in Shanghai said.

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It's 5 O'Clock Somewhere---Unless You've Been Acquired by Wal-Mart

After the retailing giant paid $3.3 billion for Jet.com, it had to cope with the startup’s weekly happy hour and other ‘touchstones in the culture.’

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Takata Corp. Subsidiary Files for Bankruptcy

Takata Corp. placed its U.S. subsidiary Takata Americas into chapter 11 bankruptcy protection in Delaware Sunday night.

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Hollywood's Biggest Misses Are Hits Overseas

American moviegoers are losing interest in some of Hollywood’s biggest franchises, depriving studios of their most profitable ticket sales even as international audiences in some foreign markets keep showing up.

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Dan Loeb's Third Point Makes Its Largest-Ever Bet With Nestlé Stake

Billionaire activist investor Daniel Loeb’s Third Point LLC hedge fund has taken a $3.5 billion stake in Nestlé SA, piling pressure on the world’s largest packaged foods company to find ways to accelerate growth.

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Bank for International Settlements Takes Aim at Protectionism

The BIS, a consortium of central banks, warned that rising protectionist sentiment and a retreat from global cooperation on economic matters would threaten the world economy.

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The $1.5 Trillion Business Tax Change Flying Under the Radar

House Republicans are proposing eliminating the deduction that companies get for interest they pay on debt, a move that would alter modern finance. Yet the plan has gotten relatively little public attention or lobbying pressure.

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In 10 Years, Your iPhone Won't Be a Phone Anymore

Apple Inc. will still sell an iPhone, but expect the device to morph into a suite of apps and services, enhanced with AI and AR, part of a ‘body area network’ of devices, batteries and sensors.

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Facebook Is Going Hollywood, Seeking Scripted TV Programming

Facebook is meeting with Hollywood content creators with an eye to launching a slate of original TV-quality programming by the end of summer.

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How Earthquakes Are Rattling a Farm Town Atop One of the World's Richest Gas Troves

To limit earthquakes, the Dutch government has for years been imposing increasingly strict production limits at Groningen, Europe’s biggest gas field, and is now proposing another 10% cut.

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SpaceX Seeks to Execute Back-to-Back Launches in Roughly 48 Hours

Elon Musk’s SpaceX on Sunday will seek to complete a two-day, bicoastal demonstration of launch capability, completing its second unmanned mission since Friday.

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Ahead of Fed Stress Test Results, Banks Have Less to Fear

The Federal Reserve on Wednesday will release the final results of this year’s bank stress tests. Officials made the tests easier for some banks this year, and for the next time around they are preparing to further change the exams in fundamental ways.

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Macau Billionaire Heads to Trial in U.N. Bribery Case

Macau billionaire Ng Lap Seng is facing charges that he orchestrated an elaborate scheme to bribe Caribbean diplomats to the United Nations, in a trial expected to put a spotlight on China’s ambitions at the international organization.

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Jury Selection to Begin in Martin Shkreli Trial

Federal prosecutors allege that the former Turing Pharmaceuticals CEO committed a series of interconnected frauds, misleading investors in his hedge funds and looting a publicly traded pharmaceutical company to cover the losses.

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Google's 'Trust Us' Approach Doesn't Satisfy Pay Gap Skeptics

Google, which has long portrayed itself as one of the world’s best workplaces, is facing government accusations that it underpays women and resisting pressure to turn over salary data to disprove them.

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Shipping Firm Frontline to Abandon Pursuit of Rival Gener8

Frontline Ltd., the tanker firm owned by Norwegian billionaire John Fredriksen, has abandoned plans to acquire U.S.-listed rival Gener8 Maritime Inc., a person familiar with the matter said.

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U.S. Probes SeaWorld Over Executives' Comments on Documentary

SeaWorld Entertainment Inc. said it received subpoenas from the government related to trading in its securities and statements made by its executives, including those discussing the impact of “Blackfish,” a critical documentary that sent ripples through the company.

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Fiat Chrysler's Green Autos Have a Problem: They're Not for Sale

The auto maker suspended production of its well-regarded Pacifica hybrid minivan in recent weeks and has recalled it, leaving customers and dealers disappointed.

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Leaderless Uber Scrambles to Prevent Employee Exodus

Uber’s senior managers have been urging its more than 15,000 employees to stick around and see how the embattled company reinvents itself after the ouster of its CEO.

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American Airlines Bid Puts Qatar Airways' Chief in New Role: Raider

Akbar Al Baker, the Qatar carrier’s sometimes abrasive CEO, isn’t backing down from his bid for a stake in American Airlines despite opposition from the target’s chief, its pilots and unions.

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Takata Plans Bankruptcy Filing As Soon As Sunday

Takata Corp., the supplier of rupture-prone air bags linked to numerous deaths and injuries, is preparing to seek bankruptcy protection as soon as Sunday with a tentative deal to sell operations to a rival.

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If Your Cellphone Bill Isn't Falling, You're Missing Out

There are more cellphones in America than people. That market saturation has led to brutal price competition, which in turn is transforming consumers’ costs, industry profits and antitrust law.

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Google to Stop Reading Users' Emails to Target Ads

Google said its computers will soon stop reading the emails of its Gmail users to personalize their ads, a move that addresses a longstanding privacy concern about a product that is central to its growing corporate-services business.

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Harley-Davidson Discussing Purchase of Ducati From VW

Harley-Davidson is in talks to buy Ducati Motor Holding from Germany’s Volkswagen in a deal that could bring together two of the most storied motorcycle names and pave the way for further divestments by the German car maker.

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Hulk Hogan's Lawyer Helms New Suit Against Gawker's Successor

The founder of a website that gives betting advice to gamblers is suing the owner of sports website Deadspin for defamation over a story that questions his honesty and claims he was profiting at his customers’ expense.

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Anthem Agrees to $115 Million Settlement Over Data Breach

Anthem Inc. has agreed to pay $115 million to settle a class-action lawsuit filed after a 2015 cyberattack exposed personal information of more than 78 million people, the company said Friday.

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From Music to Maps, How Apple's iPhone Changed Business

Apple’s iPhone, and the smartphone boom that followed, gave rise to whole new industries, laid waste to others and forced new business models. As the device turns 10, we take stock of its impact.

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Insurers Fear Destabilized Markets Under Senate Bill

The Senate health bill’s move to dump the mandate requiring people to have coverage would risk further destabilizing the strained individual-insurance market, insurers say, even though it includes funding elements that the industry has been seeking.

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Mexico's Central Bank Lifts Rates

The Bank of Mexico lifted the overnight interest rate target by a quarter percentage point to 7%, the highest level since early 2009, and indicated that the tightening cycle that began in September has ended for now.

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U.S. New-Home Sales Rise in May, Prices Hit Record

New-home sales rose in May and prices hit a record level, more evidence of strong demand and tight inventories in the housing market.

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U.K.'s Euro Clearing Business at Risk as ECB Requests More Powers

The European Central Bank requested greater powers to supervise euro-denominated clearing, stepping up a tug of war between European Union authorities and Britain over the future of the lucrative business line after Brexit.

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Fed's Stress Tests Bolster Case for Easing Bank Rules

The outcome of the latest stress test on banks gives ammunition to the Trump administration and lawmakers who see some of the rules put in place after the financial crisis as excessive.

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Trump's Steel Tariff Threat Faces Resistance From Lawmakers

Senior lawmakers in both parties are resisting the Trump administration’s moves toward imposing steel tariffs on national security grounds, worried that other countries could use the same argument to block exports from their states.

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Senate Bill Poses Risks to Health-Care Companies

Senate Republicans’ health overhaul carries big risks for many health-care companies because of its cutbacks to federal Medicaid funding and the uncertain impact of its broad changes to individual health-insurance markets.

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Mylan Elects Full Board Despite Oppostion

Mylan’s board nominees were elected in full at the pharmaceutical company’s annual meeting Thursday despite pressure from a group of institutional investors unhappy over high executive pay.

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FCC Fines Man $120 Million for His 100 Million Robocalls

The Federal Communications Commission proposed an “unprecedented” fine against Adrian Abramovich, a Miami man who the agency said was responsible for making almost 100 million falsified robocalls in late 2016 in violation of telecommunications laws.

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Diageo's Deal With 'King of Good Times' Delivers a Booming Market---and a Hangover

The world’s largest liquor company struck a deal with Indian tycoon Vijay Mallya to buy United Spirits. Now the British firm finds itself in a legal quagmire.

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Trump Promises Telecom Executives Less Red Tape

President Donald Trump on Thursday told technology and telecom executives the government will tackle federal regulations they consider too restrictive but stopped short of announcing any specific policies aimed at their industries.

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Dolls With Digital Eyes: Eerie or Endearing?

With the help of small LCD screens, digitally animated eyes are giving once-stoic toys—from race cars to Cabbage Patch Kids—a highly expressive makeover.

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Senate Health Bill Gives Huge Tax Cuts to Businesses, High-Income Households

The Senate’s health-care bill repeals hundreds of billions of dollars in taxes on businesses and high-income households and includes a retroactive cut in capital-gains taxes.

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Facebook Sets New Vision for Next Decade, Outlines New Features

Facebook Chief Executive Mark Zuckerberg took a step toward defining a new vision for the social-media company as it grapples with how to handle its growing power in the world.

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Cable Operator Altice USA Climbs in Market Debut

Shares of Altice USA traded higher in their market debut Thursday, a day after the cable operator raised more money in its IPO than any other U.S.-listed telecom since 2000.

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Fed's Bullard Calls Officials' Projected Rate Path 'Unnecessarily Aggressive'

St. Louis Fed President James Bullard said he doesn’t see any need for further interest-rate increases but the central bank should begin shrinking its $4.5 trillion portfolio of assets “sooner rather than later.”

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U.S. Jobless Claims Rose Last Week

The number of Americans applying for first-time unemployment benefits rose last week, though overall numbers remain consistent with steady job gains.

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Qatar Airways Seeks a 10% Stake in American Airlines

American Airlines said it received an unsolicited notice from state-owned Qatar Airways indicating the Middle Eastern airline plans to acquire as much as 10% of the company.

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Lyft's Goal: Gain From Uber's Stumbles Without Gloating

As Uber grappled with leadership turmoil that led to its chief executive’s resignation, the founders of rival ride-hailing company Lyft sent a companywide email: “This isn’t a time to gloat.”

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Apple Scraps Like an Underdog in Second Biggest Mobile Market

Apple is helping third-party re-sellers, mulling new flagship stores and firing up app-development centers in India as it runs to catch up in one of the world’s biggest smartphone markets.

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Boeing Outsells Rivals at Paris Air Show

Boeing outsold rival Airbus at the Paris Air Show, with the world’s top two plane makers combining to secure $114 billion in deals.

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Aviation Industry Seeks to Strengthen Cybersecurity Defenses

Escalating concerns about cyberthreats are prompting the aviation industry to devise an unlikely new safeguard: real-time warnings to pilots about potential hacking attempts.

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Taiwan's Foxconn Eyes Seven States for $10 Billion Investment

Taiwan’s Foxconn Technology Group, which assembles Apple’s iPhones in China, is looking at seven states in the American heartland to invest $10 billion or more in factories to build flat-panel screens and related equipment.

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Apple Supplier Imagination Technologies Puts Itself Up for Sale

Imagination Technologies Group, a small U.K. technology firm which has been one of Apple’s important suppliers, said Thursday it has put itself up for sale.

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Hain Celestial Releases Earnings Ahead of Delisting Deadline

Hain Celestial completed its accounting review, and the organic-food company released several earnings reports after failing to file regular reports for more than a year.

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Beijing Is Investigating Some of China's Top Overseas Deal Makers

China’s banking regulator has ordered the country’s commercial banks to investigate loans made to a group of companies that have aggressively invested overseas in recent years.

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Sticking Points Slow GOP Budget Efforts

House Republicans are struggling to agree on a plan to fund the federal government for 2018, a critical task that they must tackle before moving ahead with ambitions for a tax overhaul.

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Former Fed Governor Says Central Bank's Independence Is Limited

A former Federal Reserve governor and possible candidate for future top positions at the central bank said the Fed isn’t as independent or permanent as many think.

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How Uber Backers Orchestrated Kalanick's Ouster as CEO

Travis Kalanick’s decision to step down as Uber’s CEO was the culmination of weeks of maneuvering by some of the firm’s biggest investors to force out the co-founder of the nearly $70 billion company.

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Congressional Democrats Object to Trump Drug-Cost Plans

The Trump administration’s efforts to clamp down on high drug prices triggered pushback from congressional Democrats, who attacked the proposals under consideration as a giveaway to the drug industry.

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Sears Canada Preparing to File for Bankruptcy Protection

Sears Canada Inc., which operates more than 200 stores, has hired advisers and is preparing to file for bankruptcy protection in Canada, according to people familiar with the matter.

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What Kalanick's Fall Means for Silicon Valley Culture

The resignation of Uber’s CEO won’t keep other startups from moving aggressively, but some investors and entrepreneurs say it will prompt a reassessment of placing ambitious expansion targets ahead of principles.

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Mississippi Regulators Seek to End Southern Co.'Clean-Coal'Plant

State officials want Southern Co.’s Kemper facility, which has already taken $7.5 billion and seven years to finish, to run using natural gas going forward, and don’t want to pass on additional costs to electricity customers.

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Cloud-Computing Business Lifts Oracle's Profit

Oracle Corp. said Wednesday its quarterly profit rose 15% from a year earlier to $3.23 billion.

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Virgin Mobile to Become iPhone-Only Carrier

Virgin Mobile, the phone carrier founded by mogul Richard Branson, will become the world’s first iPhone-only carrier.

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Wanted at Uber: a CEO Who Can Do Pretty Much Everything

Travis Kalanick’s resignation has kicked off a search for a new leader, who has to contend with scandals, a gutted executive team and a predecessor who will continue to loom large at the world’s most valuable startup.

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Nike to Sell Some Items Directly to Amazon

Nike has agreed to sell some of its products directly to Amazon.com Inc., a person familiar with the matter said, a concession by the sneaker giant that it can no longer afford to ignore the online retailing behemoth.

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J&J Seeking Dismissal of Talc Lawsuits in Missouri

Johnson & Johnson is asking judges in St. Louis to throw out personal-injury lawsuits over its talcum powder in a sign of the impact of this week’s Supreme Court’s ruling limiting where suits could be filed.

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Diageo to Buy Tequila Brand Casamigos

Diageo has agreed to buy upscale tequila brand Casamigos as part of a larger push by the spirits giant to increase its exposure to the fast growing tequila market.

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Car-Buyers Complain About Semiautonomous Features

J.D. Power’s annual Initial Quality Study, a closely watched indicator of which companies make the best cars and technology, found that buyers are increasingly dissatisfied with the semiautonomous features showing up on vehicles.

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Dear iPhone: I Love You. I Hate You.

As the Apple Inc. iPhone’s 10th anniversary approaches, Personal Technology columnist Geoffrey A. Fowler penned two letters to tell it how he really feels.

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Missouri Files Its Own Suit Against Opioid-Painkiller Producers

Missouri became the latest state to file a lawsuit against opioid-painkiller companies, alleging they helped create an addiction crisis by misrepresenting the risks and benefits of their drugs.

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Tokyo Takes Lead in Toshiba Chip-Unit Sale Over China Fears

The Japanese government seized the lead role in buying Toshiba’s chip unit after expressing concerns about technology leaking to China, but a legal fight could hold up a deal.

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Etsy Cuts Another 15% of Workforce

Online marketplace Etsy announced another round of layoffs, outlining plans to slash its headcount in an attempt to rein in spending.

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U.S. Existing-Home Sales Up in May

Sales of previously owned U.S. homes increased in May, a sign of solid demand during the housing market’s spring selling season despite fast-rising prices and tight inventory.

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Uber's Biggest Problem: Its Business Model

Uber and its new leadership will have to come to grips with a fundamental vulnerability that is increasingly apparent in the company’s business model.

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Wal-Mart to Vendors: Get Off Amazon's Cloud

Wal-Mart is telling some technology companies that if they want its business, they can’t run applications for the retailer on Amazon’s leading cloud-computing service, Amazon Web Services.

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Theranos, Walgreens Reach Deal to Settle Lawsuit

A seven-year relationship between blood-testing firm Theranos and Walgreens that soured into a costly feud for the drugstore giant will soon come to a close.

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Altice USA Set to Be One of the Biggest IPOs of the Year

Altice USA is hoping to woo investors back into telecom in its initial public offering as the U.S. subsidiary of European telecommunications company Altice NV is expected to start trading on the NYSE on Thursday,

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Oracle Earnings: What to Watch

Oracle is set to report financial results for its fiscal fourth quarter after the close of trading Wednesday in New York. Here’s what you need to know:

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Media Startups Try a Lower-Cost Model: Unpaid Student Writers

Chapter-based, for-profit media companies have been popping up in college markets across the U.S. As more traditional outlets struggle, these student-based sites have a lower-cost model to produce content—and revenue.

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At Paris Air Show, GE Takes Role of American Upstart

One of the biggest European players at this year’s Paris Air Show isn’t a European company at all—it’s General Electric.

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German Exports to Asia Surge, Calming Nerves Over Protectionist Backlash

German exports to Asia are rising strongly this year in a trend that could mitigate the risks to Europe’s largest economy should U.S. President Donald Trump make good on his protectionist promises.

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The Economy Needs Amazons, but It Mostly Has GEs

When Amazon.com Inc. announced Friday it was buying Whole Foods, the stock market got a taste of something long missing: volatility. If Amazon is one extreme in how companies invest, General Electric is the other, writes Greg Ip.

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BOE's Haldane Changes Stance, Advocates Rate Increase

The Bank of England should start to withdraw some of the stimulus it provided in the wake of the Brexit referendum later this year, chief economist Andrew Haldane said.

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Uber CEO Travis Kalanick Resigns

Uber Chief Executive Travis Kalanick has resigned after a group of investors pressured him to step down following a bruising six months of scandals and setbacks.

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Tesla Replaces Chief of Self-Driving Software

Chris Lattner, who Tesla announced in January was hired from Apple Inc. as vice president of Autopilot software, has left Elon Musk’s Silicon Valley auto maker.

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Saudi King Salman Ousts Nephew as Crown Prince, Installs Son

The move carries far-reaching implications for the monarchy and the biggest economy in the Middle East.

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NBC May Fete Olympic Advertisers in Jackson Hole, Wyo. Instead of South Korea

NBCUniversal’s head of ad sales, Linda Yaccarino, said the network is exploring sending ad buyers and clients to Jackson Hole, Wyo. or another location instead of South Korea, because of clients’ potential security concerns.

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Cosco Nears $4 Billion Takeover of Orient Overseas

Chinese conglomerate Cosco is in advanced discussions to acquire smaller shipping rival Orient Overseas for at least $4 billion in a deal that could be reached as early as July.

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AMD Launches Fight Against Intel in Lucrative Server-Chip Market

Advanced Micro Devices began selling a new generation of chips for the servers that drive computing in data centers, challenging Intel in that high-margin market for the first time in years.

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Rio Tinto Rejects Glencore's $2.5 Billion Offer in Favor of Yancoal

Rio Tinto rebuffed a $2.5 billion offer by Glencore for its Australian coal assets and recommended that shareholders approve a previous bid by a Chinese company.

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Uber App to Allow Tipping for First Time

Uber Technologies said it will begin letting drivers collect tips through the app for the first time, relieving a longstanding source of contention between the ride-hailing company and its millions of drivers.

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Amazon's New Wardrobe Service Is Latest Threat for Apparel Stores

Amazon.com Inc. is giving shoppers another reason not to visit stores. The online giant is rolling out a free service to let its Prime members try on clothes at home, its latest attempt to crack into the fashion world.

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Rise Above Your Awful Commute

As mass transit delays and complaints rise in several cities, veteran commuters and other experts have tips for staying calm.

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The Swedish Car Ferrari Owners Envy

When a supercar isn’t good enough and money is no object, the most die-hard auto-lovers go for a hypercar like the 2008 Koenigsegg CCX.

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Bust Your Phone Again? These Teens Are Here to Help---For a Price

Some are earning north of $20,000 to fix those cracked screens and broken microphones.

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Fed's Evans Says Rate Rise Could Wait Until December

Federal Reserve Bank of Chicago President Charles Evans said Tuesday that the U.S. central bank can wait until the end of the year before making the decision to raise rates again, while adding it could start reducing the size of its balance sheet before that.

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Li Ka-shing's Exit Plan Marks End of Era for Asia's Tycoons

The curtain is falling on a generation of Asia’s tycoons who forged vast fortunes in the fires of the region’s political and economic upheaval of the past half-century, as people briefed by Hong Kong billionaire Li Ka-shing say he plans to step down as chairman of CK Hutchison Holdings Ltd by next year.

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Mattel's Ken Doll Gets a Makeover

A year after Mattel added new body types of its iconic Barbie doll, her longtime companion, Ken, is getting his own makeover. Ken will now come in slim and ‘broad’ body types, as well as his normally chiseled physique.

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How T.J. Maxx is Bucking the Crisis in Retailing

Betting shoppers still like stores, owner TJX Cos. has more sales than Nordstrom and Penney combined. It is plowing investment into physical locations that create a treasure-hunt atmosphere with rapid stock turnover.

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Ford to Import Next-Generation Focus to U.S. From China

Ford Motor will begin importing Focus compact cars from China in the second half of 2019, scrapping earlier plans to build the small-car model in Mexico amid a push by President Donald Trump to drastically alter Nafta.

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YouTube Ad Uproar Splits Marketers

Google’s YouTube has made strides in bringing advertisers back to the site after a backlash over ads appearing alongside offensive videos. But many prominent holdouts remain, signaling that the crisis isn’t over yet.

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Tech Firms Visit White House, Pitch Government Innovation

When Silicon Valley executives arrived at the White House Monday to talk about modernizing federal computer systems, there was plenty of common interest at stake.

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How to Make It Through a Boring Day Job

Employees who feel their work helps support their families are more productive and energized about their jobs, new research shows.

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Nestlé Buys Stake in Freshly, Putting Healthy Food Top of the Menu

Nestlé has bought a minority investment in Freshly, a subscription meals startup, as it struggles with slow-growing demand for its packaged offerings.

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Good at Texting? It Might Land You a Job

Claiming that prospective hires are too slow to pick up the phone or respond to emails, employers are trying out apps that allow them to screen candidates and conduct early-stage interviews with texts.

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Bank of England Governor Sees Weak Wage Growth Delaying Rate Rises

Bank of England Gov. Mark Carney said that while rate setters’ tolerance for above-target inflation is coming to an end, it is too early to raise the key interest rate for the first time in a decade.

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Treasury's Mnuchin: U.S. Has Enough Cash 'Through September'

Treasury Secretary Steven Mnuchin said Tuesday he isn’t concerned about U.S. tax receipts coming in lower than expected in recent months.

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Ryan Talks Up Likelihood of Tax Overhaul

House Speaker Paul Ryan in a speech Tuesday will express confidence that Republicans can deliver a ground-breaking set of tax-policy changes this year, despite a long list of hurdles in front of them.

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Trump Nominates Marvin Kaplan for National Labor Relations Board Seat

President Donald Trump tapped attorney Marvin Kaplan to fill a vacant seat on the National Labor Relations Board, taking a first step toward securing Republican control of the agency refereeing disputes between unions and business for the first time in nearly a decade.

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Pamplona Capital Management Nears Deal to Buy Parexel

Private-equity firm Pamplona is nearing a deal to buy Parexel for $4.6 billion, the latest in a series of mergers among drug-research firms.

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Among the iPhone's Biggest Transformations: Apple Itself

Since Apple launched the iPhone in June 2007, the smartphone revolution it unleashed has changed the way people work and socialize and reshaped industries from music to hotels. It also has transformed the company in ways that co-founder Steve Jobs could hardly have foreseen.

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Big Prize in Amazon-Whole Foods Deal: Data

Amazon for years has been looking for more ways to gather information about how consumers shop. If its deal for Whole Foods goes through, the two companies can join their online and in-store knowledge.

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Traditional Oil Drillers Are Getting Hit in Oklahoma---Literally

Supersized new oil wells are sometimes running into existing wells, a little-noticed consequence of the shale boom that has started to trigger lawsuits.

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3-D-Printed Airliner Parts? Not so Fast, FAA Says

Aerospace suppliers are eager to start using 3-D printing technology to turn out large, high-volume structural parts for jetliners, but U.S. safety regulators are taking a go-slow approach toward approving such production.

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Boeing Sees More Than $6 Trillion in Plane Deliveries

Boeing has lifted its annual 20-year forecast for plane deliveries to 41,030 jetliners with a value for the first time topping $6 trillion at list prices.

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Trump Calls for Overhaul of Government's Outdated Computer Systems

Saying the federal government is lagging behind the “technology revolution,” President Donald Trump called for more than $1 trillion in savings during the next 10 years by overhauling outdated computer systems and improving information technology.

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Li Ka-shing to Retire as Chairman of His Global Empire by Next Year

The Hong Kong billionaire, for decades one of the world’s wealthiest tycoons, has told associates he plans to step down as chairman of his global conglomerate, CK Hutchison, by next year.

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Big Oil Steps Up Support for Carbon Tax

Some of the world’s largest oil companies and the country’s biggest auto maker are joining a group that is pushing the U.S. government to tax carbon in an effort to slow climate change.

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Amazon, Whole Foods Was 'Love at First Sight,' Whole Foods CEO Says

Whole Foods CEO John Mackey said Amazon.com’s pursuit of the health food chain began with “a blind date” more than six weeks ago, a whirlwind courtship that culminated in Amazon’s largest acquisition by far.

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Supreme Court Further Limits Plaintiffs' Venue Shopping

The Supreme Court dealt a blow to consumer plaintiffs by limiting where lawsuits against companies with business in multiple states can be heard.

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Six People Connected to Online Pharmacy Arrested in Canada

Canadian authorities have arrested six individuals indicted in the U.S. in 2015 in connection with Canada Drugs, a Winnipeg, Manitoba-based online pharmacy that allegedly sold illegal and counterfeit cancer medications in the U.S.

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GM Laying Off About 1,000 Workers Amid Downturn in Passenger-Car Sales

General Motors will eliminate a shift at a sedan plant in Kansas City, Kan., laying off about 1,000 people as the nation’s largest auto maker continues to shed thousands of factory jobs amid a sharp downturn in demand for passenger cars.

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Boeing Eyes Higher Sales in Parts and Services

Boeing Co. is doubling down on a profitable parts and services business that could bring the plane maker into competition with its own suppliers.

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Megyn Kelly's Interview With Alex Jones Attracts 3.5 Million Viewers

NBC News anchor Megyn Kelly’s Sunday evening interview with controversial radio personality Alex Jones drew 3.5 million viewers, according to preliminary Nielsen ratings, falling short of the hype over the broadcast in the preceding days.

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EQT to Buy Rice for $6.7 Billion

EQT Corp. agreed to buy Rice Energy Inc. for $6.7 billion in the latest proposed tie-up between energy producers suffering from low oil and gas prices.

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Alibaba's Jack Ma Heads to Detroit to Impress Entrepreneurs---and Trump

The chairman of Alibaba is hosting a two-day event where he will try to make good on a jobs pledge to President Trump and convince U.S. sellers it is worthwhile to use the Chinese e-commerce giant to market their wares.

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FTC to Try to Block DraftKings-FanDuel Merger

The Federal Trade Commission said it would file an antitrust lawsuit that seeks to block the proposed merger of fantasy sports companies DraftKings and FanDuel, alleging the deal would harm consumers who play daily fantasy contests.

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Time Warner Signs $100 Million Deal With Snap for Shows and Ads

In a wide-ranging deal with Snap Inc., Time Warner Inc.’s Turner cable channels and the Warner Bros. studio will create up to 10 original shows a year for the ephemeral messaging app in genres including scripted drama and comedy.

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'Fearless Girl' Steals the Conversation

The “Fearless Girl” statue facing the charging bull on Wall Street is among the marketing efforts expected to rake up awards when Madison Avenue descends on the French Riviera for the annual Cannes Lions ad festival this week.

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Backlash to Botched Ads Erupts Faster Than Ever

Advertisers are increasingly facing extreme backlash when their advertising messages are considered offensive or appear alongside objectionable content—missteps that can quickly blow up into a public-relations nightmare.

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Vice Media Secures $450 Million Investment From TPG

Vice Media has secured a $450 million investment from private-equity firm TPG, as the youth-focused digital media company looks to step up its spending on scripted programming and plans a direct-to-consumer service.

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UPS to Add Delivery Surcharges for Black Friday, Christmas Orders

United Parcel Service Inc. for the first time will tack a surcharge onto most online orders shipping around the Black Friday shopping weekend and during the week before Christmas.

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To Profit in China, Hollywood Finds Only One Audience Matters: Investors

Studios tried adding Chinese plot twists and characters but found that films with local backers and marketing partners fared better than some U.S. blockbusters.

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Blue Apron Expects IPO to Price Between $15 and $17 a Share

Blue Apron Holdings, a startup that offers cook-at-home preparation kits, expects shares to price between $15 and $17 in its initial public offering.

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Top Tech Executives Head to White House

Tech industry leaders will meet with Trump administration officials on Monday to discuss how to improve and better protect federal computer systems.

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Hedge-Fund Manager John Paulson Joins Valeant Board

Hedge-fund billionaire John Paulson has joined the board of Valeant Pharmaceuticals, a sign that the investor remains bullish on the drugmaker’s prospects despite accruing steep losses on investments in the firm.

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Can AstraZeneca Thrive on Its Own? Big Test Looms

The drug maker hopes the results of a trial for Mystic, a lung-cancer treatment, will prove it was right to fend off a 2014 takeover offer and commit to developing immunotherapy medicines.

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An Index Considers Booting Firms With Lots of Non-Voting Shares

A proposal by FTSE Russell could force finance chiefs at companies like Alphabet, Facebook and Ford to choose between keeping their place in broad stock benchmarks or changing their share class structures.

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Boeing Launches New Plane as Rivalry With Airbus Continues

Boeing formally launched a new version of its single-aisle jetliner to regain market share lost to rival Airbus.

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Who Can Challenge the Google-Facebook 'Duopoly'?

Confronted with the market power of Facebook and Google, marketers and ad holding companies would welcome the emergence of a third power in digital advertising. But Amazon, Snap, Verizon and AT&T all have an incredibly long way to go challenge the “duopoly.”

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Activist Land & Buildings Takes 4.3% Stake in Hudson's Bay

Investor Land & Buildings is pushing Saks’ parent Hudson’s Bay to consider strategic alternatives, including possibly taking the company private or redeveloping its vast real-estate holdings.

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For Amazon, Now Comes the Hard Part

The e-commerce titan, through its Whole Foods deal, may be the player most likely to persuade Americans to buy fresh food online, but it must first solve the ‘last mile’ logistics puzzle that dogs other retailers.

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Global Economy Week Ahead: U.S. Home Sales, Fed Speakers, Europe PMI

The U.S. will get a read on the housing market with existing- and new-home sales releases, a number of Fed officials will give their first public comments following their decision to raise interest rates, and a purchasing managers index could show the eurozone economy lost some momentum in June.

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Airlines Grapple With Potential Challenges of Broader Laptop Ban

As the U.S. considers expanding a ban of carry-on laptops on international flights, airlines are scrambling to prepare for what would be additional security checks and probably angry customers.

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GM's Cruise Automation Wades Into HD Mapping to Aid Autonomous-Car Efforts

A small autonomous-cars company owned by General Motors Co. is getting into the high-definition mapping business, a move that could help the Detroit auto giant compete with Google and others in the race to develop self-driving vehicles.

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TV's Next Act: Targeting Ads at Yogurt Lovers and Home Buyers

TV networks are letting advertisers target niche audience segments, in a bid to mimic what is done online. But what they’re doing is still a far cry from “programmatic,” or automated advertising.

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Why Some of the Worst Cyberattacks in Health Care Go Unreported

Some breaches at hospitals involving ransomware don’t have to be made public, a reporting loophole some lawmakers want to close.

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NBC's Connecticut TV Station Won't Air Megyn Kelly's Interview With Alex Jones

The NBC television station in Connecticut won’t broadcast Megyn Kelly’s interview this Sunday with controversial radio personality Alex Jones, who has claimed the Sandy Hook Elementary School shooting of 2012 in Newtown, Conn. was a hoax.

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Poultry Farmers Brood Over Slowdown in Breeding

Over the first five months of the year, the percentage of eggs hatching broiler chickens fell to its lowest level in over a decade. That is a problem for companies for an industry that requires about 750 million new chickens each month to raise, slaughter and process into wings, breasts and drumsticks.

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The Web's Perilous Paths for Brands

With the rise of automated digital advertising, marketers get the benefits of scale, low prices and precise targeting. But it also comes with the risk of your brand winding up in the wrong place. Those “brand safety” issues are becoming a recurring headache.

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Amazon Deal for Whole Foods Unites Maverick CEOs

Amazon’s planned $13.7 billion acquisition of Whole Foods unites two maverick businessmen who will now have to blend very distinct approaches to make the deal a success.

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Trade War Risks From 'National Security' Tariffs

Donald Trump’s trade policy has so far been more bark than bite: dramatic rhetoric about shaking up the old order. That may change as soon as this week, when the president bares his “America First” teeth with more ferocity, advancing plans to curb steel imports in the name of “national security.”

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CEOs Have Access to Trump, but Do They Have Clout?

President Donald Trump’s meeting with corporate chiefs Monday is their latest opportunity to help shape economic policy—but often they find there are limits to their influence.

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Plane Makers Tout Busy Production Schedules as New Orders Slow

Boeing and Airbus have seen a slowdown in new orders for large aircraft. But at the Paris Air Show, which kicks off Monday, they are stressing that a years-long backlog will keep production lines busy and cash flowing in.

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Boeing Considers Spreading Wings With New Plane

The company’s commercial plane chief said it is studying the existing market gap between single- and twin-aisle aircraft, though time is needed to ‘do it right.’

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Aerospace Startups to Make a Big Splash at Paris International Air Show

Some 100 fledgling companies will seek funding from legacy players during a special, weeklong event at the air extravaganza.

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U.K. Says North Korea Behind WannaCry Cybertattack

British intelligence officials believe that a group linked to North Korea perpetrated last month’s massive cyberattack, which crippled computer networks at British hospitals and other organizations around the world.

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Fiat Chrysler Warned in 2015 on Emissions Cheat Device

The U.S. Environmental Protection Agency alerted Fiat Chrysler Automobiles in November 2015 that regulators suspected the Italian-U.S. auto maker of using illegal emissions software, more than a year before formally accusing the company of skirting U.S. clean air law.

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Amazon Leads Tech's Takeover of America

A handful of tech giants are spreading their tentacles into industries no one ever expected them to and reshaping our world in their image.

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Amazon to Buy Whole Foods for $13.7 Billion

Amazon said it would acquire Whole Foods Market for $13.7 billion, making the giant internet retailer an overnight heavyweight in the grocery business.

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Wal-Mart in the Crosshairs of Amazon's Takeover of Whole Foods

Amazon.com’s purchase of Whole Foods isn’t just a $13.7-billion bet on physical grocery stores. It is a direct strike at the world’s biggest retailer.

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Apple Poaches Sony TV Executives to Lead Push Into Original Content

Apple has poached two top Hollywood television executives from Sony to spearhead an ambitious push into the original programming business.

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McDonald's, IOC End Olympic Partnership Early

The International Olympic Committee said it and fast-food giant McDonald’s Corp. have agreed to end their long-running partnership before their latest deal was set to expire.

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Big Oil Firms Are Exploring a New Frontier in Shale: Profits

Chevron and other companies piling into the Permian Basin say they will soon achieve something that has proven surprisingly elusive for their smaller peers: turning a profit.

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PeabodyEnergy Fights Lawsuit Over Protesters' Arrest

Peabody Energy is fighting accusations it colluded with police in the unlawful arrest of two protesters who took a photo with coal miners and their banner at its 2013 shareholder meeting in Wyoming.

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GM Expects To Move Some Jobs From Mexico to Texas

General Motors said it would open a supplier park near its Arlington, Texas, sport-utility factory, resulting in the relocation of about 600 jobs from Mexico to the U.S.

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How Trump Will Change U.S. Policies Toward Cuba

President Donald Trump is reversing Obama administration moves toward easing restrictions on travel and trade with Cuba, directing changes in ways that could make it harder for Americans to travel to the communist country and slow efforts by businesses to open up shop on the island.

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The Great Mariel Boatlift Debate: Does Immigration Lower Wages?

Decades after a wave of Cuban refugees landed in Florida, a dispute among economists over their economic impact is echoing in today’s fights over immigration.

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U.S. Consumer Sentiment Declined in Early June

A closely watched gauge of U.S. consumer sentiment dropped in early June, a sign that political tensions in Washington may be denting Americans’ confidence in the economy.

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U.S. Firms Reap Benefits of Europe's Revival

A strengthening eurozone economy has drawn global investors back to the Continent, pushing up the region’s stocks and common currency. Now, U.S. companies are benefiting, too.

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U.S. Housing Starts Fall for Third Consecutive Month in May

U.S. housing starts decreased for the third consecutive month in May, a sign home builders are struggling to meet buyer demand.

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U.S. Exports to Mexico Fall as Uncertainty Over Nafta Lingers

Friction between the U.S. and Mexico over trade is starting to cut into sales for U.S. farmers and agricultural companies, adding uncertainty for an industry struggling with low commodity prices and excess supply.

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Slower Eurozone Wage Growth Is Setback for ECB

Eurozone wages increased at a slower pace in the first three months of the year, despite a pickup in economic growth that has seen unemployment rates fall to eight-year lows

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Google Faces Record EU Antitrust Fine

The European Union’s antitrust watchdog in the coming weeks is set to hit Alphabet’s Google with a record fine for manipulating its search results to favor its own comparison-shopping service, according to people familiar with the matter.

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Toys 'R' Us Has a Baby Problem

Toys “R” Us executives blamed the retailer’s latest quarter of shrinking sales on the baby business, where sales of strollers, cribs and diapers are slowing or moving online.

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Adamis Obtains FDA Approval for Epinephrine Treatment

Adamis Pharmaceuticals said federal regulators have given it a green light to produce Symjepi, an emergency injection treatment for allergic reactions, providing a potential competitor to Mylan NV’s EpiPen.

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Rape Victim Sues Uber Over Handling of Medical Records

A woman who was raped by an Uber driver in India in 2014 is suing the ride-hailing company and three current and former executives, claiming they breached her privacy by obtaining and publicizing her medical records.

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U.S. Invests $258 Million in Supercomputing Race With China

The Energy Department said it would award $258 million over three years to be shared by six tech companies as the government tries to stave off China and other countries challenging the U.S. for dominance in the next generation of the world’s fastest computers.

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Amazon Alexa: The Promise vs. the Reality of a Voice-Controlled Home

Amazon’s voice assistant is a boon to lazy-bones everywhere, but voice control does have its caveats. Here, the pitfalls and perks.

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Takata Nears Bankruptcy Filing

Takata Corp., the Japanese automotive supplier of rupture-prone air bags, is in the final stages of preparing to file for bankruptcy protection to address mounting liabilities stemming from an unprecedented recall, said a person familiar with the matter.

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Nestlé Exploring Sale of U.S. Candy Business

Nestlé said it is considering selling its U.S. confectionery business, which includes Butterfinger, BabyRuth and Crunch bars.

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Facebook Boosts A.I. to Block Terrorist Propaganda

New software is tasked with identifying videos, photos, language and users that need to be removed, at times without human moderators.

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Spotify's Paid Users Surged Last Year but Loss Doubled

Music-streaming provider Spotify AB saw explosive paid user growth last year but also doubled the size of its net loss, according to filings released Thursday.

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Chinese Banks Limit Exposure to Anbang

A number of Chinese banks have slowed marketing of Anbang-branded investments, in a sign of defensiveness in China’s financial sector despite muted market reaction after the insurer’s chairman disappeared.

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Trump to Sign Order Seeking to Expand Apprenticeship Programs

President Donald Trump is set to sign an executive order Thursday that would double federal spending on apprenticeships and direct federal agencies to broadly review job-training programs.

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Nike to Cut Jobs as It Combats Sneaker Slump

Nike is cutting more than 1,000 global jobs as part of a restructuring to help the sneaker giant battle slowing sales.

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Kroger Shares Slide as Grocer Is Battered by Price Fight

Supermarket giant Kroger posted a second straight quarter of same-store sales declines, as the company continues to feel the pressure of a price fight to attract customers.

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Daimler, Saudi Billionaire Invest in Mideast Uber Rival Careem

Daimler has bought a stake in the main rival to Uber in the Middle East, the latest of a series of investments by the world’s largest car makers in the rapidly expanding ride-hailing sector.

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Snap's Challenge: How to Grow Without Getting Awkward

The social-media company woos advertisers by promising them their ads will only appear beside content curated by editors and users. Now, it needs to grow.

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Uber Gaffe Is Latest Drama in Storied Career of Billionaire Bonderman

For investor David Bonderman, the controversy caused by a comment he made at an Uber employee meeting represents a low point in a career marked by big wins and the occasional high-profile stumble.

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Cocktails Rise and Shine While Beer and Wine Sales Slip

Liquor makers sold more spirits and mixed drinks globally in 2016 than in the year before—a bright spot in an industry where volumes of almost every other kind of alcoholic drink are in decline.

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Hain Celestial Faces Deadline: Report Earnings or Be Delisted

For more than a year, Hain Celestial has struggled to deliver a basic requirement expected from publicly traded companies: regular earnings reports. Now the organic food company risks being delisted from the Nasdaq unless it reports results by day’s end Thursday.

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Rural America Is Stranded in the Dial-Up Age

In many far-flung communities, where available broadband speeds barely surpass old-fashioned connections, residents sacrifice not only their online pastimes but also chances at a better living.

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Entertainment Companies Back Tech Startup Founded by a Peltz Son

A start-up co-founded by Nelson Peltz’s 24-year-old son Diesel Peltz has lined up financial backing from several major entertainment companies, according to a person familiar with the matter.

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A Test of Loyalty at Macy's

Macy’s recently said 9% of its customers account for 46% of its annual sales. Now, the retailer aims to improve how it treats its most loyal customers.

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Fiat Chrysler Recalls Nearly 300,000 Minivans

Fiat Chrysler Automobiles NV said Thursday it is recalling nearly 300,000 minivans to fix faulty wiring that could lead air bags to deploy unintentionally, a condition it linked to eight injuries.

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U.S. Industrial Production Unchanged in May

U.S. industrial production was flat in May, the latest sign of only modest economic growth.

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Fed Forecasts at Odds With Trump Administration's Growth Target

The Trump administration’s plan to get the economy growing at a 3% annual rate has a skeptic: the Federal Reserve.

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U.S. Jobless Claims Fell to 237,000 Last Week

The number of Americans applying for unemployment benefits fell last week, remaining at a low level consistent with a healthy U.S. labor market.

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Bank of England Turns Hawkish on Rates

A trio of Bank of England officials have pushed for an increase in interest rates, one of several signals that the U.K. central bank has moved closer to withdrawing emergency stimulus.

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China Greenlights Imports of Two New GMO Products

China has approved imports of two new varieties of genetically modified crops, clearing the way for U.S. agricultural companies to market new biotech seeds to farmers.

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Insurers Take Low-Key Approach in Health-Law Debate

Nearly every health group has taken a stand on the Republican legislation to overhaul the Affordable Care Act, but a split among insurance companies has prevented the industry and its powerful lobby from picking a side in the debate.

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J&J to Add Drug Discovery, Early Research to Actelion

Johnson & Johnson plans to build the soon-to-be acquired Actelion business into a drug discovery-to-commercialization organization dedicated to pulmonary arterial hypertension.

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Chinese Deal Maker Held in Corruption Probe

Anbang Insurance Chairman Wu Xiaohui, whose company owns New York’s Waldorf Astoria hotel, was detained by a special Chinese investigative unit looking at economic crimes.

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States Launch Bipartisan Probe of Opioid Marketing and Addiction

A bipartisan group of state attorneys general is jointly investigating the marketing of prescription painkillers and the causes of widespread opioid addiction, according to people familiar with the matter, in another sign of growing pressure on the pharmaceutical industry.

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Europe Air-Safety Chief Warns U.S. on Expanding Laptop Ban

An air-safety regulator issued the most explicit criticism yet of proposals to ban laptops from the cabins of more foreign airliners destined for American airports, even as officials in Washington indicated they may accept less-sweeping security measures.

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Senate Panel Advances Nomination of Kevin Hassett as Economic Adviser

The Senate Banking Committee voted to advance the nomination of Kevin Hassett, President Donald Trump’s pick to be chairman of the Council of Economic Advisers.

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U.S. Treasury Secretary: Washington Plans to Preserve Power at the World Bank and IMF

U.S. Treasury Secretary Steven Mnuchin said Wednesday that despite plans to downsize contributions to the World Bank and other multilateral institutions, the Trump administration still plans to preserve Washington’s power within them as a critical tool for U.S. foreign policy.

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