U.S. Homeownership Rises Slightly in Latest Quarter

The homeownership rate inched up in the last several months to the highest level since 2014, as more households are finding a way to buy homes despite limited supply and rising prices.

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GOP Tax Plan Won't Cut Rate for Top Earners

House Speaker Paul Ryan has told conservative groups the tax plan to be revealed tomorrow will delay repeal of the estate tax, set the corporate tax rate at 20%, according to people familiar with the matter.

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Senators Press Tech Officials Over Missed Signs of Russia Influence

Executives from Facebook, Twitter and Google were asked to explain why they didn’t recognize Russia-linked accounts earlier, as the officials struck a contrite tone about the role their platforms played in stoking political tensions during the 2016 campaign.

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Netflix Indefinitely Suspends Production on 'House of Cards'

One day after saying political drama “House of Cards” would end after season 6, Netflix Inc. said Tuesday it has suspended show production to “review the current situation.”

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More States Seek to Sue Drug Companies Over Price-Fixing Allegations

Officials in multiple U.S. states are seeking to substantially expand a lawsuit accusing generic-drug companies of colluding to fix prices, including new allegations that high-ranking executives at two companies were directly involved.

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U.S. Trade Panel Backs Solar Tariffs

Federal trade officials are recommending the Trump administration impose a tariff of up to 35% on imported solar panels to protect U.S. solar manufacturers from low-priced foreign products.

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Inside the Decline of Sears, the Amazon of the 20th Century

The latest sign of trouble for the retail icon comes from manufacturers demanding early payment and withholding products. Sears, which was once so big it comprised 1% of GDP, says it has taken steps to remain a viable competitor.

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Shopify CEO Addresses Short Seller's Claims

Shopify’s shares were down about 10% recently after CEO Tobi Lutke addressed a report that questioned the e-commerce platform’s growth rate as “unsubstantiated” during the company’s third-quarter results.

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iPhone X: How We Tested (and Tricked) FaceID

Apple Inc.’s FaceID, the facial-recognition technology on the iPhone X, wasn’t fooled by sunglasses, a photo cutout or even a theatrical mask—even twins and identical triplets.

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Rockwell Automation Rejects Emerson Electric Takeover Bid

Emerson Electric has made a roughly $27.5 billion takeover offer for Rockwell Automation that was rejected, according to a person familiar with the matter.

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Ship Glut Clouds Long-Awaited Recovery

Container shipping is emerging from a painful six-year slump, but orders for new vessels that will hit the water over the next two years threatens to derail the nascent recovery.

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Kindle Oasis Review: Amazon's Top E-Reader Goes Waterproof

Amazon’s newest Kindle Oasis comes the closest to addressing the biggest concerns of old-school book readers—and adds perks that digital converts appreciate.

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Nissan Sales in Reverse as Inspection Scandal Takes Toll

Nissan said Japan sales in October tanked, affecting demand for the new Leaf electric car, thanks to a production shutdown and recall sparked by news the company improperly conducted final vehicle inspections.

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Improving Sales Lift Kellogg Shares

Kellogg Co. reported a surprise improvement in sales as growth abroad offset continuing trouble in the U.S. for longstanding brands like Special K cereal.

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Qualcomm, Ford in Pact for Connected Car Tech Road Tests

Qualcomm said it will begin the first road tests in the U.S. of a connected car technology being developed in partnership with Ford and a pair of telecom partners, a project designed to link vehicles to one another and roadside infrastructure.

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Consumer Confidence Surges in October

The Conference Board on Tuesday said its index of U.S. consumer confidence increased to 125.9 in October, the highest level in nearly 17 years.

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U.S. Home Price Gains Accelerated in August

Home price growth picked up speed in August, an indication that despite slowing sales in recent months demand for housing remains strong.

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U.S. Presses Persian Gulf States to Scale Back North Korea Ties

Trump administration officials, eager to choke off North Korea’s global networks, have in recent days urged Persian Gulf countries to clamp down harder on the nuclear-armed state’s ties to the region.

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Under Armour Vows Changes as Sales, Profits Continue to Slump

Under Armour reported lower sales and profits and trimmed its full-year outlook as the sportswear company continues to struggle with slack demand and increasing competition in North America.

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Pfizer Expects Wave of New Launches

Pfizer revenue rose in its latest quarter as the drugmaker says it has turned a corner with more product launches expected in the next year combined with fewer drug-exclusivity losses.

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WPP Cuts Forecasts Again on Lower Ad Spending

WPP cut its annual sales forecast for the third time this year, as the world’s largest advertising company struggles to boost revenue at a time when previously big-spending consumer-goods firms are ratcheting down marketing spend.

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U.S. Employment Costs Picked Up in Third Quarter

The wages of American workers grew healthily in the third quarter, a sign low unemployment is stirring inflation pressures.

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Inflation Remains Below Fed's Target as Officials Meet to Set Policy

Federal Reserve officials begin their two-day policy meeting Tuesday amid fresh signs that inflation remains lower than they would like, despite strong economic growth.

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Kevin Brady: The Texas Republican Behind the Tax Overhaul

Kevin Brady, the 62-year-old chairman of the House Ways and Means Committee, is playing a key role as he and a group of Republicans lead the rewrite of the U.S. tax code.

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Burberry's Creative Head Christopher Bailey to Leave Fashion House

Burberry creative head and former Chief Executive Christopher Bailey is leaving the British fashion house, after a tumultuous few years that forced him to relinquish the CEO role last year.

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Tesla Faces Labor Discord as It Ramps Up Model 3 Production

As Tesla cranks up production on the Model 3 sedan, it is having to wrestle with mounting signs of labor unrest—rooted in the Model X’s introduction—that could disturb the Silicon Valley company’s effort to build its first electric car for the masses.

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Clariant Still Open to M&A Despite Failure of Huntsman Deal

The chief executive of Clariant said the Swiss chemical company would continue weighing merger options after the failure of its proposed tie-up with U.S.-based Huntsman amid pressure from activist investors.

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Samsung Electronics Shakes Up Leadership Lineup

Samsung said it would replace its division heads and separate the role of CEO and board chairman for the first time.

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Airbus, U.S. in Talks About Possible Compliance Violations

Airbus said it is in talks with U.S. regulators about potential compliance violations and that it would miss delivery targets for a plane model, while posting a 4% drop in operating earnings.

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BP to Restart Share Buybacks as Third-Quarter Production Rises

BP reported a healthy set of third-quarter profits and plans to restart its share-buyback program, signaling the company is increasingly comfortable with low oil prices as it ramps up its growth ambitions.

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Ryanair Posts Earnings Drop, Sticks With Full-Year Guidance

Ryanair sought to draw a line under weeks of flight cancellations and pilot strife, reporting a 1.8% drop in quarterly net profit from costs linked to the disruption but sticking to full year-guidance.

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Waymo Showcases Driverless Vans Without Humans Behind the Wheel

Waymo’s demonstration of a driverless Chrysler Pacifica showed what traveling in its minivans might be like as a fully autonomous ride-hailing service.

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Samsung Posts Second Straight Record Quarterly Profit

Samsung Electronics delivered a record profit for a second straight quarter this year, as the South Korean technology company cashed in on continued strong demand for its electronics components.

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Rent-A-Center to Explore Options

Rent-A-Center, facing investor pressure as it struggles to revamp business, is suspending dividend payouts as it explores “strategic and financial alternatives”--often seen as a sign that a company may sell itself.

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After Stingy Second Quarter, Investors Reward Companies for Earnings

Shares of companies that topped analyst earnings expectations are faring better than they did last quarter, a sign the economic and policy backdrop for stocks looks brighter than only a few weeks ago.

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Apple Is Designing iPhones, iPads That Would Drop Qualcomm Components

Apple Inc., locked in an intensifying legal fight with Qualcomm Inc., is designing iPhones and iPads for next year that would jettison the chipmaker’s components.

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Netflix to End 'House of Cards' Amid Kevin Spacey Allegations

Netflix said Tuesday it plans to end political drama “House of Cards” after the end of season 6, which is currently in production, following allegations of sexual harassment by the show’s star, Kevin Spacey that emerged.

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The Trump Deregulatory Juggernaut Is Rolling

Why does the business community like the Trump administration? Tax reform hasn’t happened, the president has threatened trade wars and the promised infrastructure spending has yet to materialize. The answer lies in the rollback of regulations.

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Facebook Estimates 126 Million People Saw Russian-Backed Content

Facebook Inc. estimates that about 126 million people may have seen content posted by Russian-backed accounts over more than two years that sought to disrupt American society, the social-media giant plans to tell congressional investigators Tuesday, according to a prepared copy of the remarks obtained by The Wall Street Journal.

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Mondelez Reports Sales Increase

Mondelez International Inc. reported a rise in quarterly sales for the first time since June 2012 as demand increased for the company’s staple brands in the U.S and Europe.

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SoftBank to Drop Effort to Merge Sprint With T-Mobile

SoftBank Group, concerned about giving up control of Sprint, is abandoning its efforts to merge the U.S. wireless carrier with T-Mobile US, according to people familiar with the matter.

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Labor Department Moves to Get OT Rule Out of Courts So It Can Revise It

The Trump administration on Monday appealed a federal judge’s ruling that struck down an Obama-era overtime-pay rule, a move designed to preserve the Labor Department’s authority to reshape the rule.

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LyondellBasell Makes Takeover Approach to Braskem

LyondellBasell Industries NV has made a takeover approach to Braskem SA, according to people familiar with the matter, eyeing a deal that could value the Brazilian petrochemical company at well over $10 billion.

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Sickly Earnings Season for Drug Stocks

This earnings season has an unhappy one for pharma investors. The NYSE Arca Pharmaceutical Index is down more than 5% over the past three weeks.

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Google's Dominance in Washington Faces a Reckoning

After years of cozying up to Democrats, the search giant is battered from all sides as rivals take advantage of a populist turn against Silicon Valley and a reaction to tech-enabled Russian meddling in the 2016 election.

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Canadian Minister Cites 'Troubling' U.S. Proposals in Nafta Talks

Canada’s Minister of Foreign Affairs Chrystia Freeland said the U.S. has presented some “troubling” proposals in talks to renegotiate the North American Free Trade Agreement.

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Chinese Internet Regulators Target Social Media Use

Instant messaging apps, video streaming and other new content platforms in China will face closer scrutiny under new rules issued by the country’s internet regulators.

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GE's Numbers Game: Pick From Four Earnings Figures

GE’s heavy use of customized earnings metrics—it has four different measures of earnings per share in its third-quarter report—have sparked investor concerns.

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Novartis to Pay $3.9 Billion for Radio-Pharmaceuticals Firm

Novartis said it has agreed to acquire Advanced Accelerator Applications for $3.9 billion, a deal that would boost its oncology portfolio as generic competition eats into sales of blockbuster blood-cancer drug Gleevec.

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New Low-Cost Airlines Hope No-Frills Will Thrill Canada

A trio of upstart airlines is set to break into Canada’s air travel market, in a move that could challenge the country’s main operators and drain market share from a handful of American airlines catering to Canadians.

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Strayer Education and Capella Education to Merge

Strayer Education Inc. will merge with Capella Education Co. in a move that would create a for-profit education company valued at nearly $2 billion.

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U.S. Consumer Spending Rose in September

Consumer spending picked up sharply in September, positioning American households to propel economic growth heading into the final quarter of the year.

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Eurozone Businesses, Consumers Undeterred by Political Uncertainty

Businesses and households in the 19 countries that use the euro are more upbeat about their prospects than they have been for almost 17 years, a sign that the currency area’s economic recovery is set to continue at a robust pace despite renewed threats to its political stability.

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Long-time Ally of Offshore Drillers Oversees Safety Agency

As offshore drillers look to undo Obama-era safety rules, the head of the federal agency responsible for improving safety wants to stress safety but also to “drive performance” in the industry.

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Mark Zuckerberg Pays Another Visit to China

Despite Facebook’s social-networking site being blocked there since 2009, the CEO’s appearance follows a recent series of actions possibly indicating renewed efforts to re-enter the Chinese market.

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Toyota's Talking Car Wants to Be Your Clingy BFF

If you love your car, Toyota thinks your car should love you back. Its talking car will want to know your favorite bands, which sports team you root for—and track your every social-media move and record what you say.

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Staples Moves Closer to Exiting China; Seeks Bids For Its 13-year-old Business

Staples is moving forward with plans to sell its operations in China, as it looks to focus on its business closer to home.

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Lennar, CalAtlantic Strike Deal to Create Largest U.S. Home Builder

Lennar will buy CalAtlantic Group in a $5.7 billion deal, that will create the country’s largest home builder by revenue, the companies said Monday.

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Activist Investors Demand Board Seats, Changes at Clariant

The activist U.S. investors who helped scuttle a proposed merger between Clariant and Huntsman said Monday they will seek three seats on Clariant’s board and press for more changes including the sale of Clariant’s plastics and coatings business.

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Russian-Backed Facebook Accounts Organized Events on All Sides of Polarizing Issues

Workers behind Russian-linked Facebook accounts helped organize or finance real-life events, often working directly with U.S. activists and playing both sides of the same hot-button issues.

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Akzo Nobel, Axalta Confirm Talks for Merger of Equals

Akzo Nobel and Axalta Coating Systems confirmed are in talks to join forces in a merger of equals that would create a multibillion-dollar coating and paints giant.

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Strong Switch Console Sales Drive Nintendo Profit Outlook Higher

The Japanese company said strong sales of its Switch game machine would drive a big jump in profit for this fiscal year, affirming bullish forecasts by investors that have pushed the stock up.

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Kobe Steel Withdraws Outlook as It Braces for Scandal Fallout

Kobe Steel withdrew its full-year profit guidance and said it wouldn’t pay an interim dividend, as it prepares for a potential blow to earnings from a product-quality scandal.

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Strayer Education, Capella Education Near Merger Deal

The deal could be announced as soon as Monday, a person familiar with the matter said, creating a for-profit education company valued at nearly $2 billion.

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Why Companies Should Hire Teams, Not Individuals

Existing groups work well together, they contribute more quickly, and they are more likely to shake things up (in a good way).

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Foreign Companies in China Get a New Partner: the Communist Party

Newly assertive party members arrange lectures, proudly display hammer-and-sickle insignia at their desks and are praised as exemplary workers. Western executives worry about the creeping influence of these cells.

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GOP Plan for a Speedy Tax Overhaul Faces Uncertain Road

House Republicans are set to toss a giant tax bill into the capital’s autumnal winds Wednesday. That could turn into a rousing victory for Republicans, a scaled-back compromise or a collapse.

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Global Economy Week Ahead: BOE, BOJ and Fed Decisions; Eurozone GDP

Monetary policy decisions from three of the world’s major central banks are due this week, with the first rate increase in a decade expected from the Bank of England. Meanwhile, GDP and inflation data are due from the eurozone, and the U.S. will see its October jobs report.

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Puerto Rico Governor Shreds $300 Million Power Contract

Puerto Rico’s governor said Sunday he would cancel a controversial $300 million construction contract with a little known-Montana energy firm after FEMA said it had “significant concerns” about the deal.

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It's the Thrill of Victory! In Welding, Baking, Hairdressing and Bricklaying

In the biennial world championships of vocational skills, contestants go for the gold in 51 unsung careers from tile laying to freight forwarding. ‘It’s a dream to be able to go to this competition.’

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Big Brewer Makes a Play for Marijuana Beverages

Constellation Brands has agreed to take a 9.9% stake in Canopy Growth, a Canadian marijuana company, and plans to work with the grower to develop and market cannabis-infused beverages.

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'Jigsaw' Scares Off Box-Office Competition

George Clooney’s “Suburbicon” notched one of the most dismal wide-release debuts in recent years on a sluggish pre-Halloween weekend where the horror sequel “Jigsaw” topped all releases despite an underperforming debut.

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The Race to Rein in Facebook Has Begun

Facebook and other internet giants face possible sweeping change as lawmakers and regulators line up to enforce vows of transparency for political content.

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Businesses Push Workers to Mobilize Before Tax Revamp

As proposals for a federal tax overhaul take shape this week, companies are preparing for a crucial lobbying effort. To do so, they are mobilizing a potent tool: their employees.

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Home Builders Will Oppose Republican Tax Bill

The National Association of Home Builders, a powerful lobbying force, will oppose the House Republicans’ forthcoming tax plan, a blow to the party’s attempt to forge unity among business sectors.

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Trump's Approval Rating Falls to Lowest Level Since Taking Office

President Donald Trump’s approval rating has fallen to its lowest level since he took office, a new Wall Street Journal-NBC News poll finds.

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GE Board Was Kept in the Dark About CEO's Extra Plane

General Electric executives didn’t notify the company’s board until this month about its regular flying of a spare business jet for its CEO, and it didn’t tell directors that GE had received an internal complaint about the practice several years ago.

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Armies Race to Deploy Drone, Self-Driving Tech on the Battlefield

Foot soldiers for years have watched as wars in the air have been transformed by the introduction of drones. Now ground troops are starting to enjoy some of the same benefits.

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Taizo Nishimuro Burnished Toshiba's Reputation in the U.S.

Taizo Nishimuro rose to the top of one of Japan’s best-known industrial conglomerates thanks in part to his negotiating prowess in the U.S. But by the time he died, the former Toshiba CEO had seen a U.S. acquisition lay low the company he continued to shape long after his departure.

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Amazon's Push Into Pharmacy Business Has Promise and Pitfalls

Filling drug prescriptions online may be a big, inviting target for Amazon. But industry experts say it would pose very different challenges than selling books, toys and videogames.

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Trump Likely to Name Jerome Powell Next Fed Chairman---Source

President Donald Trump is likely to announce Federal Reserve governor Jerome Powell as his nominee to be the next chairman of the U.S. central bank next week, according to a person familiar with the matter.

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Akzo Nobel in Merger Talks With Axalta

Akzo Nobel and U.S. rival Axalta Coating Systems are considering a possible merger of equals that would create a multibillion-dollar coating and paints giant, according to a person familiar with the matter.

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Labor Department to Appeal Ruling Striking Down Obama-Era Overtime-Pay Rule

The Labor Department will appeal a judge’s ruling that struck down an overtime-pay rule authored by the Obama administration, a move designed to preserve the Trump administration’s authority to reshape the rule to its own liking.

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Samsung Investors Expect Strong Earnings---and Answers

Samsung Electronics is expected to deliver all-time high quarterly profits next week, but investors are anxious amid a crisis in the company’s senior leadership ranks and no clear path to future growth.

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Cheap Suits Get a High-Fashion Upgrade

Cheap suits get a high-fashion upgrade as luxury menswear retailers target younger customers with lower prices and better quality.

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CVS Bid for Aetna Followed a Long Hunt

CVS’s bid for Aetna is the culmination of a wide-ranging hunt by the drugstore giant for a deal partner, highlighting a broader effort among health-care companies to find new avenues of growth.

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Hennessy Struggles to Make the Most of Cognac Boom

Global demand for cognac is booming, and Hennessy, which controls half of all production of the brown liquor, is scrambling to keep drinkers sated.

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Alibaba's Tsai Buys Into the Brooklyn Nets at Record Price

The co-founder of the e-commerce giant purchases a minority stake at a $2.3 billion valuation with the right to become the team’s controlling owner.

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President Trump Expected to Announce Fed Pick Next Week

President Donald Trump is expected to announce his choice for the next leader of the U.S. central bank next week, a person familiar with the matter said Friday.

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White House Study Sees Faster Economic Growth From Tax Cuts

Cutting the U.S. corporate tax rate to 20% and allowing companies to immediately write-off the cost of their capital spending would boost business investment, spur faster economic growth and improve household income, White House economists said.

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ECB Decision Reopens Divide Atop Central Bank

The European Central Bank’s reluctance to quickly phase out its bond-buying program has reopened a rift at the top of the central bank, pitting ECB President Mario Draghi against German Bundesbank head Jens Weidmann.

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U.S. Consumer Sentiment in October Hit Its Highest Level Since 2004

U.S. consumer confidence slipped slightly at the end of this month but remained at its highest level since early 2004, as households expect solid economic prospects.

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J.C. Penney Shares Plummet on Bleak Outlook

J.C. Penney lost more than a quarter of its market value in premarket trading after the struggling retailer slashed its fiscal-year outlook and warned about weakening sales.

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Early Orders for iPhone X Lead to Long Shipping Delays

Apple opened advanced sales for the iPhone X and early orders pushed estimated shipment dates into December, at least twice the waits for new models a year ago.

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Total's Renewables Bet Disappoints in Third Quarter

French oil giant Total has laid out a vision to expand in renewables and power. The challenge is to turn this business into a consistent profit machine.

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Another Sign Europe Is Over Crisis? Its Companies Are Investing at Home Again

As growth takes hold in Europe nearly a decade after the financial crisis, companies are investing in Europe again after spending years chasing growth abroad.

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Merck Swings to Loss as Cyberattack Hurts Sales

Merk swung to a quarterly loss, saying a cyberattack over the summer hurt sales by at least $135 million, highlighting the impacts virtual attacks can have on company results.

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Uber Hires U.K. Chairman Amid Fight for London License

Uber has appointed a U.K. banking veteran as chairman of its British operations, bolstering its governance as the ride-hailing firm appeals a decision by London’s top transportation regulator to revoke its operating license

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Japan's Inspections Scandal Spreads to Subaru

Japan’s manufacturing reputation took another hit as a product-quality scandal spread to Subaru, which said final vehicle checks at two of its domestic factories were performed by uncertified inspectors.

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British Airways Parent Posts Record Profit but Shares Dip

IAG shares slumped, despite the British Airways parent company posting record third-quarter net profit and promising investors a 20% jump in full-year earnings

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U.S. GDP Grew 3% in Third Quarter

The U.S. economy grew robustly in the third quarter despite two hurricanes, propelled by steady spending from American businesses and households.

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ECB, Fed Are Growing Apart, Moving Markets

The European Central Bank gave notice that its stimulus will be around for a while, widening a gap between monetary policy expectations in the eurozone and U.S. that is set to further influence financial markets.

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Clariant, Huntsman Terminate Merger Amid Activist Pressure

Swiss chemicals company Clariant and U.S.-based Huntsman terminated their planned $15 billion merger after facing pressure from investors who wanted to block the deal

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Volkswagen Net Profit Falls Sharply on Diesel Charges

Volkswagen reported a steep drop in third-quarter net profit, hit by costs related to its diesel emissions scandal. “The diesel issue is nowhere near an end,” Chief Financial Officer Frank Witter said.

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Gilead Looks Away From Hepatitis C Treatments for Growth

Gilead Sciences Inc.’s earnings fell less than expected in the most recent quarter as declining drug sales were partially offset by cost cuts, but executives warned the worst is yet to come for its hepatitis C treatments, which saw a 33% sales decline during the period.

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Baidu's Profit More Than Doubles, but Guidance Falls Short

Baidu Inc.’s profit more than doubled in the third quarter—helped in part by the sale of its takeout delivery business—but it reported rising expenses as part of its aggressive push into artificial intelligence.

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Saudi Arabia to Inject $1 Billion Into Virgin Galactic Space Venture

Saudi Arabia is poised to invest $1 billion in entrepreneur Richard Branson’s space-tourism and satellite-launching venture, which is seeking to show it is back on track three years after a fatal accident.

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Zenefits and Co-Founder Conrad Settle With SEC

Health-benefits broker Zenefits and its co-founder Parker Conrad have settled charges brought by the U.S. Securities and Exchange Commission that they misled investors.

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This Robot Will Handle Your Divorce Free of Charge

A chatbot called DoNotPay has saved motorists millions in parking fines—without charging a cent. It’s next target: divorce law.

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Mattel Suspends Dividend, Prepares to Cut $650 Million in Costs

Mattel Inc. said it would suspend its dividend and accelerate cost-cutting after it swung to a surprise loss and reported a 13% drop in third-quarter sales.

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Microsoft's Services Revenue Lifts Quarterly Results

Microsoft Corp. has ridden the cloud-computing wave for several quarters, and once again its revenues surged on the strength of its emerging business of selling web-based, on-demand computing services

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Intel Lifts Guidance as Profit Surges 34%

Intel Corp. said its profit rose 34% despite increasing competition in its core markets of supplying chips for personal computers and corporate servers.

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How One Silicon Valley CEO Practices 'Radical Transparency'

At Rubrik, the goal is total transparency. For better or worse.

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Zipcar Steps Up Fight Against Uber With Subscriber Push

Zipcar is expanding its bet urban commuters will pay monthly subscriptions for access to cars to get to and from work, escalating competition with ride-hailing services.

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Google Parent Alphabet's Profit Grows 33%

Google parent Alphabet Inc.’s third-quarter profit grew 33%, extending strong growth in the tech giant’s advertising business as increased scale helped it overcome pressure from declining ad rates.

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Amazon Revenue Rises 34%

Amazon posted strong quarterly sales growth, allowing it to report a higher profit as it expands into more corners of consumer spending. Shares surged after hours.

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CVS Health Is in Talks to Buy Aetna

CVS Health Corp. is in talks to buy Aetna Inc., according to people familiar with the matter, in a deal that could value the health insurer at upward of $66 billion.

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Harvey Weinstein Sues Weinstein Co. Seeking Access to Documents

Harvey Weinstein has sued his former employer, demanding access to documents he claims could help with his potential defense against civil and criminal claims as well as a potential claim of wrongful termination against the studio.

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Insys Co-Founder John Kapoor Charged With Conspiracy

Former Insys Therapeutics Inc. Chief Executive John Kapoor was arrested in Arizona, accused of leading a nationwide conspiracy to illegally distribute a fentanyl spray intended for cancer patients.

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Facebook Steps Up Efforts to Sway Lawmakers

As the probes of Russian interference in the 2016 presidential election turn to the role of social-media giants, Facebook is looking to boost its influence in Washington amid talk of potential federal regulation.

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Marlboro Hurt by California's Cigarette Tax Increase, Altria Says

California’s $2 tax increase on cigarettes in April was a “big shock to the system” that continues to weigh on Marlboro’s market share in the U.S., Altria Group Inc. said Thursday.

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Mexican TV Mogul Leaves Amid Programming Struggles

Emilio Azcárraga Jean, the 49-year-old scion who has led Mexico’s Televisa for 20 years, is stepping down as CEO as the TV giant grapples with sagging advertising sales and growing competition to lure young viewers.

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Chinese Tech Giant Baidu Steps Back From Middle East

Chinese internet search company Baidu is retrenching from an Egyptian market from where it had hoped to expand in the Middle East, said people familiar with the matter, following a six-year effort to challenge its American rivals.

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GE Explores Exiting From the Railroad Business

General Electric Co. is looking to exit from the railroad business as new Chief Executive John Flannery looks to streamline the conglomerate.

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House Approves Budget Plan, Paving Way for Tax Move

The House adopted a budget Thursday that sets the stage for a rewrite of the U.S. tax system, overcoming internal doubts and beginning a six-day countdown to the release of the closely guarded details of the tax plan.

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Celgene Shares Fall as Outlook Dims

Celgene Corp. shares plummeted about 18% Thursday after the pharmaceutical company cut its earnings forecast for the year and lowered its long-term sales forecast for several products.

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China Wants to Talk Less About Growth Targets

Fresh into a new term in office, President Xi Jinping is backing away from the hard-and-fast growth targets that have driven China’s economic policies for decades.

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Trump Says He Is Thinking About Keeping Yellen as Fed Leader

President Donald Trump said in a Fox Business Network he still is considering offering Janet Yellen another term as Federal Reserve chairwoman when her term expires in early February.

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Increased Travel Demand Boosts American's Results

American Airlines Group said revenue rose in its latest quarter despite a string of hurricanes as demand for both business and leisure travel strengthened.

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UPS Profit Falls Amid Higher Costs

Earnings at United Parcel Service Inc. fell slightly for the third quarter as higher costs from expanding Saturday package delivery and recent natural disasters weighed on its U.S. business.

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Hershey Sales Rise Despite Growing Competition

Hershey is fending off competition in the increasingly crowded snack and candy aisles, with sales rising in the recent quarter—a rare bright spot in the U.S. food industry.

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U.S. Jobless Claims Rose Last Week

The number of Americans filing applications for new unemployment benefits rose last week, after falling to the lowest level in 44 years in mid-October.

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Ford Posts 63% Profit Jump

Ford Motor’s third-quarter profit jumped 63% amid strong truck sales in North America, a lower tax rate and belt-tightening measures, leading the auto maker to outpace analyst expectations and brighten its profit outlook for the full year.

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Southwest Sees 'Solid' Travel Demand

Southwest Airlines said its third-quarter revenue rose despite two hurricanes, and sees “solid” fourth-quarter travel demand as ticket pricing has firmed in October from the prior two months..

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ECB to Scale Down Bond-Buying Program into 2018

The European Central Bank said it will scale down its giant bond-buying program while extending it deep into 2018, in a keenly awaited move that sets the eurozone on a path toward higher interest rates as its long economic crisis recedes

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Twitter Overstated Number of Users for the Past Three Years

Twitter Inc. on Thursday said it overstated its number of users for the past three years, even as it reported modest user growth for the third quarter.

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iPhone 8 Posts Weak Initial Sales, Pressuring iPhone X

Apple’s iPhone 8 posted the weakest sales of any of the company’s new smartphones in recent years, according to estimates by two market research firms, raising the stakes for the higher-priced iPhone X as advance orders start on Friday.

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Amid Low Prices, Oil Giants Gush About Breaking Even

Oil companies’ break-even number has become an obsession for investors in oil giants as crude prices stay stuck between $50 and $60 a barrel.

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Comcast's TV Subscriber Losses Accelerate, But Earnings Rise

Comcast Corp. suffered its largest quarterly loss of cable television subscribers in three years, underscoring the pressure on traditional TV players as competition with new entrants heats up.

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Global Super Rich Get Richer, Older, More Sports-Obsessed

It was a banner year for the richest of the rich with their total wealth up 17% in 2016 to $6 trillion after a slightly decline in 2015, far exceeding the increase in global equity markets and world economic growth.

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A Look at the Future of Tech in Xi's China

Xi Jinping’s ascension to the pinnacle of power in China roughly coincides with the Chinese internet industry’s coming of age. Now he has been handed unrivaled authority, how will Mr. Xi balance his penchant for control while preserving the internet as an engine of growth and innovation?

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Hurricanes Flatten U.S. Beer Sales for AB InBev

Price hikes and cost cuts helped Anheuser-Busch InBev report a rise in third-quarter core earnings, despite selling less beer in the period as hurricanes in Florida and Texas hit its largest market.

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SAP Reports Itself to U.S. Authorities Over Gupta Scandal

Germany’s SAP has reported itself to U.S. authorities after paying $6.7 million to a company with ties to South Africa’s controversial Gupta family to secure contracts. It is the first Western company to say it may have broken U.S. anticorruption laws by doing so.

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Twitter's Efforts Curbed Pro-ISIS Accounts, Study Finds

Twitter Inc.’s efforts to weed out pro-Islamic State accounts helped reduce the number of tweets by supporters and hampered their ability to draw more followers, a study found.

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Purdue Is Under Investigation for Opioid Painkiller OxyContin

Purdue Pharma L.P. said it is the subject of a probe by federal prosecutors related to its opioid painkiller OxyContin, adding to the mounting litigation the company already faces over its marketing of the addictive drug.

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Twitter Earnings Preview: What to Watch

Twitter is scheduled to report third-quarter results before the market opens on Thursday, and revenue is expected to be down about 4.7% from the previous year.

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Scientists Use New Crispr System to Edit RNA in Cells

Researchers said they created a new Crispr-based system to edit RNA instead of DNA in human cells, offering a way around some of the ethical and scientific challenges associated with editing the genome and helping advance a new avenue to potentially treat diseases.

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How Peloton is Marketing a $2,000 Bike Beyond the Rich

Peloton’s new marketing efforts include the launch of a financing program and a holiday ad campaign that’s more relatable to a diverse consumer base.

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FCC to Ease Limits on Local Media Ownership

The Federal Communications Commission is planning to make sweeping changes to media-ownership rules next month, eliminating or scaling back longstanding limits on local ownership of TV stations and newspapers, its chairman said Wednesday.

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Vistra Energy Nears Deal to Buy Dynegy

Vistra Energy Corp. and Dynegy Inc., two big independent power producers, are in advanced talks to combine and could announce a deal as soon as next week

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Wisconsin School of Business Reverses Course on Halting M.B.A.

The Wisconsin School of Business reversed course on a plan to suspend admissions to its full-time M.B.A. program while it undergoes a review of the school’s business strategy, officials said Wednesday.

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White House Kicks Off Test Program for Commercial Drones

The White House has launched a pilot program expanding commercial drone operations by calling for test sites featuring shared oversight between federal agencies and state, local or tribal governments.

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Review: New Amazon Echo Is Still in First Place

Amazon.com Inc.’s new Echo, smaller in size and price than the original, still has its edge with Alexa, the most advanced AI voice operating system with 25,000 skills, smart home control and voice recognition.

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Trump's Regulators Aim to Boost Growth by Fostering Innovation

You’d think from the debate raging in Washington that taxes are the key to economic growth. They aren’t. In the long run, innovation matters way more, and that depends on inspiration, experimentation and luck, something several Trump appointees are trying to foster.

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Airlines Warn U.S.-Bound Passengers About Additional Screening

Airlines are warnings U.S.-bound passengers they may be subject to interviews before boarding their flight as part of stepped up screening requirements Washington is demanding because of continued terrorism concerns.

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Snap, Twitter Battle for Second Place---by Different Measures

Twitter gauges its popularity by how many monthly users it has while Snap touts its daily users, making it impossible to accurately compare the size and growth of the social-media companies against their bigger rival, Facebook.

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CSX Shakes Up Management Team

CSX is shaking up its management ranks, replacing several top executives and bringing in a new operating chief from one of Chief Executive Hunter Harrison’s past railroading stops.

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Sprint, T-Mobile Merger Talks Edge Closer but Still Drag On

Sprint and T-Mobile US both took the unusual step of canceling their earnings calls this week to avoid questions about their potential merger, a move seen by many as a sign the companies are close to announcing an agreement.

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Reality Bites for Chipotle and Its Investors

Burrito chain has long promised fast growth, and now it is clear it can’t deliver. Investors are catching up.

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GOP House Tax Chief: Changes to 401(k) Are Still on the Table

Republicans are still weighing adjustments to a popular retirement savings program, the chief of the House tax writing committee said, contradicting President Donald Trump’s statement this week that it would be unchanged in the coming tax overhaul proposal.

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U.S. New Home Sales Surge in September

U.S. new-home sales rose in September to the highest level since October 2007, a sign of strong buyer demand despite ongoing tightness in inventories.

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Bank of Mexico's Carstens: Patience Needed in Considering Interest Rate Cuts

Mexican central bank chief Agustín Carstens, in one of his last interviews before departing to Switzerland to head the Bank for International Settlements, said the Bank of Mexico needs to be “patient” and not in a hurry to cut interest rates.

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How Europe's Small Central Banks Weathered ECB Bond Buys

The ECB’s bond-buying program had ripple effects across Europe, as smaller central banks closely linked to the eurozone took their own drastic measures.

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Union Leaders Largely Echo Trump on Nafta

Labor unions gathering for the annual meeting of the AFL-CIO are aligned with President Trump on key aspects of the hot-button trade issue of the day: renegotiating the North American Free Trade Agreement.

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Google and Cisco Strike Cloud Partnership

Google and Cisco Systems on Wednesday said they are combining their technology to help corporate customers more easily develop software for the cloud.

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Amazon's New Plan for Deliveries: Hand Over the Keys to Your Home

The online retailer is introducing a connected door-lock and security-camera system to let package carriers, guests and eventually dog walkers in and out of customers’ houses, all controlled via an app.

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Coke Posts Higher-Than-Expected Earnings

Coca-Cola reported higher-than-expected earnings in its latest quarter even though total soda volume was flat, highlighting the company’s goal to diversify beyond its mainstay carbonated beverages.

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GM Couldn't Do It, Now Peugeot Tries to Fix Opel

After fixing a French car manufacturer long derided by the industry as an eternal also-ran, Carlos Tavares is turning his attention to the business General Motors could never fix.

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Latest Use for a Bitcoin Technology: Tracing Turkeys From Farm to Table

Agricultural conglomerate Cargill aims to harness the blockchain technology underlying bitcoin to let shoppers trace their turkeys from the store to the farm that raised them.

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The 10-Year Plan to Make Cadillac Cool Again

Johan de Nysschen aims to mold Cadillac in the image of BMW and other luxury brands. One-third of the way through what he views as a decadelong project, the journey has been less than smooth so far.

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Ask Me How Much I Make: Pay Gets More Transparent

Millennials’ willingness to discuss once-secret topics like annual salary and paths to promotion is leading some companies to make pay policies more transparent.

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Boeing Boosts Outlook Despite Tanker Problems

Boeing raised its full-year profit and cash-flow guidance even as quarterly earnings fell from a year earlier and the company took another charge on its military tanker program.

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Anthem Earnings Rise on Higher Premiums

Anthem beat earnings estimates in its latest quarter and raised the low end of its full-year guidance as increased insurance premiums and stronger Medicaid and Medicare enrollment gave the company a boost.

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U.S. Durable Orders Rose 2.2% in September

Demand for long-lasting U.S. factory goods remained robust last month, pointing to ongoing strong business investment.

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Trump Asks GOP Senators: Should Taylor or Powell Be Fed Chief?

Donald Trump asked Republican senators at their meeting Tuesday which candidate they preferred to lead the Federal Reserve—current Fed governor Jerome Powell or Stanford University economics professor John Taylor.

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Forget ECB's Taper, Investors Want to Know When Rates Go Up

ECB policy makers have repeatedly said they won’t start raising rates until “well past” the point when purchases have stopped. That means divining the date of the last purchase is a big focus for money managers across the world.

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U.K. Economy Accelerates, Bolstering Case for Rate Rise

The U.K. economy accelerated in the third quarter, according to a preliminary estimate, strengthening expectations that the Bank of England may raise interest rates as soon as next month.

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Ford CEO Jim Hackett Shuffles Executive Ranks

Ford Motor chief Jim Hackett is shaking up his senior leadership team five months into the job, as he works to forge a fresh path for the nation’s No. 2 auto maker.

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New Ransomware Outbreak Spreads Through U.S., Russia and Ukraine

An outbreak of malicious software Tuesday froze computer systems in several European countries and began spreading to the U.S., the latest in a series of attacks that have plagued companies and government agencies this year.

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Toyota Scales Back Mexico Production Plans

Toyota said it would halve its initial production target for Tacoma pickup trucks at its plant in Guanajuato, Mexico. It also plans to expand a revamped manufacturing process to include light trucks.

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Nintendo to Release 'Animal Crossing' on Smartphone

Nintendo Co. will introduce a smartphone version of its “Animal Crossing” game, a move that could expand profit from its mobile business.

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AT&T Profit Falls on Shrinking TV Subscription, Wireless Phone Businesses

AT&T Inc.’s shrinking traditional TV subscription and wireless phone businesses continued to take a toll on the telecommunications giant’s financial performance in the latest period.

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Twitter Vows More Transparency for Ads

Twitter Inc. said Tuesday it will increase transparency for ads on its network, a move aimed at staying one step ahead of potential regulation.

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Chipotle's Shares Fall as Sales Come Up Short

Chipotle Mexican Grill Inc.’s earnings and sales came up short in the most recent quarter as the fast-casual chain coped with a tepid response to new menu offerings and another food-safety scare.

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Coca-Cola Earnings: What to Watch

Coca-Cola is scheduled to report its third-quarter earnings before the market opens Wednesday.

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Hulu CEO to Head Sony's Television Studio

Sony Corp.’s television studio and the streaming service Hulu will be getting new leadership as part of executive changes announced Tuesday.

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Justice Department Limits Gag Orders; Microsoft Drops Lawsuit

The Justice Department issued new guidelines to limit the use of gag orders when its investigators seek information from technology and communications companies. Microsoft responded by dropping a high-profile lawsuit against the department.

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3M Jumps as Push Into Technology Pays Off

3M Co. shares are on track to close at a record Tuesday as the company said investments in higher-growth technology sectors are bringing results.

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Corning Gains on Demand for Its Glass for Smartphones

Corning’s shares rose 6.6% after the glass-maker’s sales increased in its latest quarter as more consumer electronics featured its scratch-resistant glass.

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McDonald's Profit Rises, Refranchising Drive Dents Revenue

McDonald’s Corp.’s pivot to cost-conscious customers is gaining traction,

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How to Know When You're on Thin Ice at Work

People who perform poorly in certain tasks often aren’t aware of their shortcomings, but there are signs if you learn how to look for them.

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WeWork Venture to Buy Lord & Taylor's NYC Flagship Store

Real-estate startup WeWork has struck a deal to acquire Lord & Taylor’s flagship New York City store for $850 million, a move that will convert the landmark building into the startup’s headquarters next year.

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GM Posts Loss of Nearly $3 Billion

General Motors posted a net loss of nearly $3 billion in the third quarter, compared with a net profit of $2.8 billion a year earlier, with the bottom line pulled down by hefty costs from the sale of its European business and steep cutbacks in U.S. vehicle production.

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Eli Lilly Exploring Spinning off Elanco

Eli Lilly said it could spin off or sell its animal health business, a segment that contributed 15% of the pharmaceutical company’s revenue last year but has been pressured in recent years by competition.

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Lockheed Forecasts Modest Sales Gain For 2018

Lockheed Martin said Tuesday that it expected sales to grow around 2% next year as it reported quarterly earnings that fell just shy of expectations.

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International Paper, Graphic Packaging Combine Packaging Businesses

International Paper Co. said Tuesday that it had agreed to combine its North America consumer-packaging business with Graphic Packaging Holding Co. in a transaction valued at $1.8 billion.

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United Technologies Mum on Rockwell Collins as It Raises Outlook

United Technologies Corp. on Tuesday said revenue rose 5% in its latest quarter, and raised its full-year profit outlook as the industrial conglomerate reported its best quarter of organic growth since 2011.

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Caterpillar on Track to Break Sales Slump

Caterpillar posted stronger-than-expected revenue and profit growth and boosted its outlook for the year amid rising demand for its equipment across the globe.

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India Announces Measures to Boost Credit Growth, Private Investment

Faced with growing criticism over the country’s faltering economic growth, Prime Minister Narendra Modi’s government announced a slew of measures aimed at boosting credit growth and kick-starting private investments.

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Trucking Firms Facing Recruitment Problems Ahead of Holidays

Trucking companies are worried about finding enough drivers now that the freight market is recovering.

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Warsh Met With Vice President Pence About Top Fed Job Last Week

Kevin Warsh, a candidate for the Federal Reserve chairmanship, met with Vice President Mike Pence last week to talk about the central-bank job, according to a White House aide.

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Why Draghi May Avoid a Key Word in the ECB Bond Plan

When the European Central Bank explains how it will reduce its bond purchases, it will be at pains to avoid the word that everyone else uses: tapering.

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Bank of Canada Likely on Hold, With Nafta Clouding Rate Outlook

Bank of Canada watchers unanimously believe the central bank will hit pause on Wednesday when it releases its latest policy decision and won’t raise rates after two consecutive increases.

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L.A. Times's New Chief Plots Changes and Woos a Beleaguered Newsroom

Ross Levinsohn, a 54-year-old media veteran whose resume includes stints at Yahoo and News Corp, is taking over the newspaper after a decade of leadership turnover and staff cuts.

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Big Mall Operator Does the Unthinkable---Builds a Mall

This summer, GGP broke ground on a new shopping mall, a seemingly risky venture in a world where retailers are closing hundreds of stores and malls across the country are trying to reinvent themselves.It could be one of the last enclosed malls ever built in the U.S.

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A New CEO Isn't the Cure for BHP's Ills

Big BHP shareholder Elliott is agitating for a board review of management—but the miner’s current leadership isn’t really the problem.

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Airbnb China Head Quits After Short Stay

The executive leading Airbnb Inc.’s China business resigned barely four months after taking the job, as the short-term home rental platform struggles to compete against domestic rivals.

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Sony's Pet Project, a New Robot Dog, to Be Unleashed Soon

Sony is planning next spring to roll out a dog-shaped pet robot similar to its discontinued Aibo with updated components that could allow it to control home appliances, people familiar with the matter said.

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Novartis May Still Spin Off Alcon, but Not Before 2019

The Swiss pharmaceutical giant has delayed a possible spin off of its eyecare division Alcon until the first half of 2019, amid signs of a turnaround in the ailing business.

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U.S. Ports Busy With Imports for Holiday Shopping

Waves of imports streamed through U.S. seaports in September as retailers stocked up inventories ahead of the busy holiday shopping season.

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Dividend Fears Take Toll on GE Shares

Shares of General Electric took another pounding, reflecting investor fears that a conglomerate that was once the bluest of blue chips faces challenges daunting enough to force a dividend cut.

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Whirlpool Cuts Guidance, Citing Rising Costs

Whirlpool Corp. shares fell sharply in after-hours trading Monday after the appliance maker issued a profit warning, blaming rising costs.

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Supersized Family Farms Are Gobbling Up American Agriculture

Big U.S. growers are adding immense amounts of acreage to survive a harsh agricultural downturn, producing the greatest percentage of U.S. output since records began. Years of low grain prices are driving smaller American farmers out of business.

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University of Wisconsin to Vote on Halting M.B.A. Admissions

Officials at the University of Wisconsin School of Business have proposed suspending admissions to its full-time M.B.A. program for a year amid declining enrollment.

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VW Wins Approval for Diesel-Emissions Fixes

Volkswagen AG won approval from U.S. and California environmental regulators for fixes to more than 38,000 diesel-powered vehicles rigged to dupe emissions tests.

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Seagate Technology Sees Signs of a Turnaround

Seagate Technology PLC reported higher-than-expected earnings as executives touted benefits of a prospective technology-supply deal with Toshiba Corp.’s memory-chip business and outlined plans for additional cost cuts.

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N.Y. Probe of Weinstein Company's Handling of Sex Claims

Attorney General Eric Schneiderman has opened an investigation into the Weinstein Company to determine whether its handling of allegations of sexual misconduct against co-founder Harvey Weinstein violated state or city laws.

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McDonald's Earnings: What to Watch

McDonald’s is scheduled to report third-quarter earnings Tuesday. Investors will be looking for news about delivery services and new menu items.

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Caterpillar Earnings: What to Watch

Caterpillar is due to report third-quarter earnings Tuesday, providing clues to the health of the global economy. The manufacturer’s stock has surged more than 50% over the past 12 months.

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AT&T Earnings: What to Watch

AT&T is scheduled to report third-quarter results after the market close Tuesday.

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Central Bankers Cling to Stimulus Amid Weak Inflation

Leaders of the world’s largest central banks indicated that weak inflation in advanced economies could prolong the postcrisis era of easy-money policies.

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Under Armour Co-Founder Kip Fulks Takes Sabbatical

Kip Fulks, a co-founder of Under Armour, is taking a sabbatical from the company, and the sportswear maker is considering exiting tennis and other categories as it combats slowing industry sales, said people familiar with the matter.

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Amazon Says 238 Places Want to Host Its New Headquarters

Amazon said it received 238 proposals from cities and regions across North America to host its second headquarters.

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Hasbro Gives Cautious Holiday Outlook

Hasbro Inc. warned that the Toys “R” Us Inc. bankruptcy will soften sales during the key holiday period, with the maker of Nerf guns and Disney Princess dolls unsure how frequently it will ship items to the specialty retailer.

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Allergan: That $15 Billion Sure Went Fast

Last year Allergan PLC did one of the best deals in drug industry history. The drug company has been busily squandering the benefits ever since.

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Arconic Names Former GE Executive as CEO

Arconic named former General Electric executive Chip Blankenship as its new leader, roughly six months after its prior CEO stepped down after sending an unauthorized letter to an activist investor.

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Eurozone Consumer Confidence at 16-Year High

Euro area consumers continued to gain confidence in October, which should reassure European Central Bank policy makers that the economic recovery is set to remain robust as they prepare to take a key decision on the futures of their bond-buying program.

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Tesla's China Reach May Exceed Its Grasp

Tesla is growing popular in China, selling 12,000 high-end electric cars this year. But its plan for a Shanghai factory capable of turning out an estimated 150,000 vehicles annually raises the question, Is it popular enough?

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Cisco to Buy BroadSoft

Cisco Systems plans to pay $1.7 billion to acquire BroadSoft, a maker of cloud-based communications software, as the networking giant steers further away from its legacy hardware and into sales of software and services.

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How Airbnb Affects Home Prices and Rents

The home-sharing service’s listings may take long-term rentals off the market in an area.

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Ill-Timed Uber Investment Roils a Giant Saudi Fund

Saudi Arabia’s state-owned Public Investment Fund is poised to become one of the world’s biggest investors. But the PIF, as it is known, is off to a rocky start: After struggling to calculate its own value, it is mired in conflict over disappointing investments, including in Uber.

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Kaspersky to Allow Review of Its Cybersecurity Software

Kaspersky Lab, the Moscow-based cybersecurity firm whose software U.S. officials suspect helped the Russian government spy on Americans, promised to make its source code available for an independent review.

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T-Mobile Skirts Merger Issue as Customer Base Grows

T-Mobile US added 817,000 of its most valuable postpaid phone accounts in the third quarter but mostly avoided addressing its merger discussions with rival Sprint, forcing investors to wait a while longer for word on the company’s future.

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Potlatch to Combine With Deltic Timber in Stock Swap

Lumber companies Potlatch and Deltic Timber agreed to combine in an all-stock deal in which Deltic shareholders would receive 1.8 Potlatch common shares for each Deltic share they own.

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Drug Makers Find 'Branded Generics' Are a Source for Growth

So-called branded generics—off patent drugs backed by branding and marketing more typical of patented drugs—have given Abbott and a handful of other players a relatively cheap font of growth, especially in developing markets, allowing them to repackage off-patent drugs and extend their commercial lifespan.

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Trump Says 'No Change' to 401(k) Under Tax Overhaul

President Donald Trump on Monday morning vowed a popular retirement savings program would remain untouched in the forthcoming Republican tax overhaul proposal.

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U.S. Ran $666 Billion Deficit In Fiscal 2017

The federal budget deficit widened in fiscal year 2017 to the sixth highest deficit on record as government spending growth outpaced growth in tax collections for the second year in a row, the Treasury Department said Thursday.

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Trumka Wins Another Term as AFL-CIO President

AFL-CIO members selected Richard Trumka as president of the nation’s largest labor federation, retaining a position he has held since 2009.

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Global Economy Week Ahead: U.S. and U.K. GDP; Policy Decision From the ECB

In the week ahead, we will see early readings on third-quarter gross domestic product in the U.S. and the U.K., as well as monetary policy decisions from the eurozone and Brazilian central banks.

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Feeding Babies in China Is a Booming Business Again

The world’s largest infant-formula market is surprisingly volatile. Investors shouldn’t expect the good news for Western consumer groups to last.

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China's Pursuit of Fugitive Businessman Guo Wengui Kicks Off Manhattan Caper Worthy of Spy Thriller

Pressure from Beijing officials seeking Mr. Guo’s return sparks a frantic response from the Trump administration—and standoffs at Pennsylvania Station and JFK airport.

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J.P. Morgan, United Renegotiating Card Partnership

United Continental Holdings is in discussions with J.P. Morgan to renegotiate terms of their co-branded card partnership, a move some analysts fear could suppress revenue at the bank.

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Companies Leave Bean Counting to the Robots

Large corporations world-wide are increasingly turning to robotic software in an effort to cut costs, liberate workers from repetitive tasks and, in many cases, reduce finance-department employee numbers.

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Europe's Chances for a Wage Boom Look Slim

European Central Bank officials are watching wage growth as they plot a gradual retreat from easy money policies to boost the regional economy. But the pickup they’re looking for as a signal that Europe is returning to full health might not materialize.

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Tesla Strikes Deal to Build Factory in China

Tesla has reached an agreement to set up its own manufacturing facility in Shanghai, a move that could help it gain traction in China’s fast-growing EV market.

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GM's Stock Gets a Charge as It Gears Up to Take On Tesla

After years spent in neutral, General Motors’ share price is springing to life as the company’s emerging-technology bets appear to be helping it shrug off its “dinosaur” image.

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Environmentalists, Energy Companies Unite in Fight Against Electrical-Grid Plan

An array of industry and consumer interests, including some who are often at odds on policy, oppose an Energy Department proposal to overhaul electrical-grid pricing to shore up nuclear and coal-fired power plants.

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How Facebook's Master Algorithm Powers the Social Network

Artificial intelligence permeates everything at Facebook, the social network’s head of applied machine learning says—and humans are bound to understand Facebook less than ever.

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China's Road to Electric-Car Domination Is Driven in Part by Batteries

Batteries have emerged as a critical front in China’s campaign to be the global leader in electric vehicles, but foreign auto makers and experts say it has set up the market to favor domestic suppliers.

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FAA Steps Up Warnings on Lithium Battery Fire Hazards

The FAA has stepped up warnings about potential major fire hazards for airliners stemming from overheating laptop batteries in checked baggage, even as President Donald Trump’s administration is putting another federal agency in charge of handling the issue internationally.

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Big Oil Set for Bumper Profits Despite Cheap Crude

When some of the world’s largest energy companies report earnings next week, it will provide a glimpse into whether they are improving profitability as oil prices continue to hover around $50 a barrel.

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Trump Signals Yellen Still a Top Fed Candidate After Meeting This Week

Donald Trump signaled that Fed Chairwoman Janet Yellen remains a strong candidate to be renominated for the job after the two met this week, saying he liked her “a lot,” while also highlighting John Taylor and Jerome Powell as front-runners.

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Whole Foods Data Breach Affected About 100 Taprooms, Restaurants

Whole Foods Market said Friday that a data breach involving credit-card charges made at the grocer’s taprooms and full-service restaurants affected about 100 venues in its stores over a six-month period.

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Merck to Shed Some U.S. Sales Reps to Cut Costs

Merck & Co. said it is laying off nearly 7% of its U.S. workforce in a reorganization the company says will cut costs and shift focus to products with growth potential.

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Activist Investor to Push Nestlé For Further Changes

Activist investor Daniel Loeb praised Nestlé’s recent moves to raise shareholder value but indicated he will continue to push the packaged foods giant to make further changes.

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EU Antitrust Authorities Raid BMW's Headquarters

European Union authorities have raided BMW’s offices over concerns that several German car makers violated the bloc’s cartel rules through agreements that might have suppressed technology costs.

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New GE Chief Slashes Forecasts, Plans to Exit $20 Billion in Businesses

GE’s quarterly earnings fell as it incurred hefty restructuring charges during CEO John Flannery’s first official quarter at the helm, and the new CEO pledged to exit more than $20 billion of the company’s businesses.

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Procter & Gamble Puzzled by Weak Consumer Spending

Procter & Gamble recorded sluggish growth during the first quarter as it battles a challenging market for consumer-goods makers.

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Kobe Steel Finds More Products Shipped With Quality Issues

The quality scandal at Kobe Steel deepened after the company said one of its copper plants was under investigation for breaching Japan’s industrial standards.

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Daimler Earnings Hit as Diesel Scandal Lingers

Daimler reported a sharp fall in quarterly profit, as its flagship premium car brand Mercedes-Benz was hammered by airbag-related recalls and the cost of fixing emissions controls on diesel vehicles.

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Trash Talk: Price of Recyclables Sinks After China Bans U.S. Scrap

Some U.S. manufacturers are turning trash into treasure after a Chinese ban on imported waste flooded American scrapyards with paper and plastic.

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With Workers Split Over Trump, Unions Look to Bridge the Divide

At the largest meeting of organized labor next week, U.S. unions are shutting out politicians so they can determine who their friends are.

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How High Could Rates Go if John Taylor Becomes Fed Chairman?

The Federal Reserve’s benchmark interest rate would be significantly higher if the 1993 “Taylor rule,” named for the Fed chairman contender, were applied.

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GOP Gears Up for Tax-Overhaul Push

With the Senate’s passage of a 2018 budget, the sprint to write a major tax bill is on. Here are the next steps Republican lawmakers must take to notch a legislative victory.

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U.S. Existing-Home Sales Edged Up in September

Sales of previously owned homes edged higher in September, reflecting a rebound in home sales in a previously hurricane-ravaged Houston.

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Former Dean Foods Chairman Gets 2 Years for Insider Trading

A federal judge sentenced Thomas C. Davis, the former chairman of Dean Foods Co., to two years in prison for engaging in a long-running insider trading scheme with legendary Las Vegas gambler William “Billy” Walters.

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Tencent's 'Honor of Kings' Tries to Crack the U.S.

China’s Tencent is banking on a successful launch abroad for ‘Honor of Kings,’ but the hit smartphone game faces an uphill battle in the U.S., where the company can’t lean on its popular messaging apps to hook players.

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Hacking Is a Risk for Pacemakers. So Is the Fix

A new software patch to fix a cybersecurity weakness in pacemakers has raised a dilemma among doctors and patients: Is the fix worth the risk?

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Esteemed Museum or Louis Vuitton Store? The Lines Are Blurring

These major fashion exhibits offer more than just a style education: They also function as boutiques.

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GM Reaches $120 Million Ignition-Switch Settlement

General Motors has agreed to pay $120 million to settle a multistate probe of its mishandling of an ignition-switch defect, the latest financial hit to the Detroit auto giant over a safety crisis linked to numerous deaths and injuries.

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PayPal Posts Stronger-Than-Expected Results on Mobile Growth

PayPal Holdings said its third-quarter profit rose 18% from a year earlier, thanks in part to new records in customer accounts and the payment volume it processed.

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Stitch Fix, in IPO Filing, Reveals Annual Sales of Nearly $1 Billion

Apparel retailer Stitch Fix, which sends customers boxes of preselected outfits, has filed for an initial public offering and revealed just how quickly its business has grown at a time when traditional clothing chains are struggling.

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Trick or Treat? Italian Candy Maker Comes Knocking on U.S. Door

Italian confectioner Ferrero just bit off another piece of the U.S. candy market and is already thinking about taking a much bigger bite—a bid to buy Nestlé’s U.S. candy business.

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Reliability Ratings for Electric Cars Get a Boost

Auto makers struggling to sell drivers on electric cars can look forward to one advantage of adding more battery-powered vehicles to their fleets: beefing up their reliability ratings thanks to the electric cars’ simplicity.

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GE Earnings: What to Watch

General Electric Co. is set to report third-quarter earnings before the market opens Friday. Here is what you need to know.

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Facebook to Test News-Subscription Sign-up

Facebook will soon begin testing a feature that will allow news publishers to sign up subscribers through its Instant Articles program.

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Proposed Law Seeks More Disclosure About Online Political Ads

Driven by concerns about Russian online activity during the 2016 election, two senior Senate Democrats introduced new campaign finance legislation on Thursday that would force greater disclosure about the political advertising that runs online.

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FDA Chief: Menthol, Tobacco Flavors Could Do 'Both Harm and Good'

The use of flavors in different tobacco products has the potential to do "both harm and good,” the FDA’s chief said Thursday, explaining that the agency would weigh both possibilities as it considers a ban on flavors.

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Chevron Temporarily Suspending Operations in Iraqi Kurdistan

Chevron Corp. is temporarily suspending its operations in Iraqi Kurdistan, a company spokeswoman said Thursday, as an Iraqi backlash against Kurdish independence is quickly reordering the region’s booming energy business.

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FBI Probes Chinese Businessman Linked to North Korean Trade Network

The U.S. Federal Bureau of Investigation is looking into a Chinese business owner who was linked to a ship found smuggling North Korean rocket-propelled grenades last year, and who has ties to a North Korean trade and financing network, according to people familiar with the matter.

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Lyft Raises $1 Billion in Round Led by Alphabet's CapitalG

Ride-hailing startup Lyft raised $1 billion in a funding round led by Alphabet’s CapitalG unit, boosting its valuation by nearly 50% as it eyes expansion.

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Target Expands Plans to Remodel Existing Stores

Target Corp. said it would expand plans to remodel its existing supercenters and open smaller stores in cities, as the retailer seeks to win back shoppers in the competitive retail environment.

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Investors Including Priceline Pump $4 Billion into Online Lifestyle Platform

Chinese lifestyle-services internet platform Meituan-Dianping has raised $4 billion from an investor group led by Tencent, a deal that pinned a $30 billion valuation on the Beijing-based upstart.

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McCain Joins Push for Disclosure About Political Ads on Social Media

A proposal to require social-media companies to disclose information about political advertising on their platforms has drawn the support of a key Republican, Sen. John McCain.

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WeWork: A $20 Billion Startup Fueled by Silicon Valley Pixie Dust

The office-space provider’s 38-year-old CEO sells tech investors on his vision for communal workplaces that appeal to millennials—while critics call it an overvalued real-estate play.

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P&G Earnings: What to Watch

Procter & Gamble is scheduled to report earnings for the quarter ended Sept. 30 before the market opens Friday. Here’s what you need to know.

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Companies Leave Bean Counting to the Robots

Large corporations world-wide are increasingly turning to robotic software in an effort to cut costs, liberate workers from repetitive tasks and, in many cases, reduce finance-department employee numbers.

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First Data Mistakenly Announces Acquisition Plan for BluePay

First Data said it mistakenly posted a draft of a news release that it would acquire credit-card processing firm BluePay Holdings, a deal it says hasn’t been finalized.

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Verizon Continues to Win Wireless Subscribers

Verizon Communications gained wireless subscribers in the latest quarter, as the telecommunications company worked to shore up its largest unit in light of its weakening television business. Revenue beat Wall Street expectations.

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Ferrero Looks to Ferrera to Sweeten Its U.S. Product Mix

Global chocolate giant Ferrero International has agreed to buy Illinois-based Ferrara Candy, as the Italian company plans to gobble up another U.S. sweets producer at a time when consolidation is heating up in the sector.

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Activist Investor Elliott Zeros In on BHP CEO

The chief executive of the world’s most valuable mining company, BHP Billiton, faces a vexing test: an activist investor that appears to be agitating for his ouster.

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China's Bright Economic Future Is Bound Up in the Past

President Xi Jinping this week lauded China’s transition to high-quality growth, but for now smokestack industries carry the economy—and much-touted efforts to relieve long-term ills are running into short-term reality.

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Nissan to Halt Japan Production as Inspection Scandal Deepens

Nissan Motor said it was suspending vehicle production for the Japanese market at all Japan plants because it found improper inspections took place even after it said it fixed the problem.

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U.S. Jobless Claims Fall to 44-Year Low

The number of Americans filing applications for new unemployment benefits fell to the lowest level in 44 years, reflecting power outages in storm-ravaged Puerto Rico and the U.S. Virgin Islands that have disrupted the application process.

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GOP Divided Over Monetary Policy as Fed Chief Pick Looms

After criticizing the Fed for the past eight years, Republicans finally have a chance to change the course of the central bank when President Donald Trump nominates someone to take the helm in early 2018. But they are divided over which direction monetary policy should take.

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Wal-Mart Nears Web Deal with Lord & Taylor

Wal-Mart is near a deal with Lord & Taylor that would give the department store dedicated space on walmart.com, a potential first step in creating an online mall that shoppers could access from Walmart’s website.

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Apple Watch Hits Cellular Snag in China

The new Apple Watch’s most anticipated feature—a cellular connection—was abruptly cut off for new subscribers in China. Analysts say the suspension likely stemmed from government security concerns to do with tracking users.

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Disappointing Publicis Results Ricochet Around Ad Industry

Publicis reported revenue below expectations and said it was “difficult to predict” its performance for the rest of 2017, heightening investor worries over some of the ad industry’s biggest firms.

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Changes in Store for Foreign Companies' Tax Treatment in U.S.

Foreign companies operating in the U.S. could face major changes in their tax bills under an overhaul planned by Republicans. Those could include new surtaxes or limits on how much the companies can deduct on expenses.

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Amazon Has Built Site-Hunting Expertise With In-House Team

Amazon’s in-house economic-development team shows how important tax-incentive deals have become to its business model and gives a window into why the company took the step of pitting cities against each other to win the biggest subsidy package possible.

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Unilever Results Disappoint as Hurricanes Hit U.S. Sales

Unilever reported weaker third-quarter revenue growth as the maker of Breyers ice cream and Dove shampoo struggled with lower sales in developed markets.

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Hochtief Launches $22 Billion Bid for Spain's Abertis

Germany’s Hochtief made a $21.9 billion offer to buy Abertis, gatecrashing an effort by Italy's Atlantia to acquire the Spanish toll-road operator.

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Norway's Helly Hansen Nears Deal for U.K.'s Musto---Source

Norway’s Helly Hansen AS has agreed to acquire London-based Musto Clothing Ltd., the official clothing supplier to the British sailing and equestrian Olympic teams, according to a person familiar with the matter.

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Nestle Earnings Highlight Pressure to Boost Returns

Nestlé said a key sales measure weakened in the first nine months of the year and that it doesn’t expect an improvement in the final quarter, underscoring the pressure it faces to boost profit, including from activist investor Daniel Loeb.

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Meritocracy 'Myth' Can Hold Companies Back, Experts Say

Tech companies founded on the meritocratic ideal can become workplaces where people stop trying to be fair, experts say.

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Toyota, Other Auto Makers Say Aluminum From Kobe Steel Cleared Safety Checks

Toyota Motor, Honda Motor and Mazda Motor said they haven’t found vehicle-safety issues from aluminum supplied by Kobe Steel, which sparked world-wide concern when it admitted falsifying documents about the metal.

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Former Uber Executive Is Dropped From Privacy Lawsuit

Uber’s former chief business officer, Emil Michael, was dropped as a defendant in a lawsuit that alleges top Uber executives invaded the privacy of a woman raped by a driver in India.

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Gilead Gets FDA Approval for New Cancer Therapy

Gilead Sciences’ $11 billion bet on Kite Pharma is poised to pay off, with the approval of Kite’s flagship cell-therapy treatment for advanced lymphoma patients.

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Blue Apron Lays Off Workers

Blue Apron Holdings is laying off employees as the struggling meal-kit company continues to try to improve its financial position after a difficult initial public offering this year.

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United to Boost Flying Capacity as Unit Revenue Improves

United Continental Holdings Inc. said it would continue to increase flying capacity to defend market share at its big airport hubs as the airline reported forecast-beating quarterly earnings.

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EBay Shares Fall on Lowered Profit Outlook

EBay Inc. reported higher-than-expected sales in its third quarter, but shares tumbled after the company lowered its annual profit outlook for the second consecutive quarter.

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Hearst Agrees to Acquire Rodale Inc.

Hearst has agreed to purchase Rodale Inc., the family-owned publisher of magazines including Women’s Health, Men’s Health and Prevention, in a move that will give it a major presence in the health and wellness arena.

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Verizon Earnings: What to Watch

Verizon Communications is scheduled to report third-quarter results before the market opens Thursday. Here’s what you need to know.

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BuzzFeed CEO: Google, Facebook Should Share More Revenue

BuzzFeed Chief Executive Jonah Peretti said Facebook Inc. and Alphabet Inc.’s Google will have to find better ways to share revenue with media companies if they want to support quality content.

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GE's New Chief Makes Cuts, Starting With Old Favorites

John Flannery is getting rid of company cars, a fancy executive retreat and perhaps thousands of corporate jobs under pressure to cut costs.

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Foxconn Deal in Wisconsin Hits Snag Over Guarantees

Wisconsin’s efforts to bring a $10 billion Foxconn Technology Group plant to the state has hit a snag, though supporters of the deal said they believe it will still come together.

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EA 'Star Wars' Delay Stirs Unease Over Industry Shift to Service Model

Electronic Arts’ sudden decision to put a highly anticipated Star Wars game on ice drew sharp questioning over how the company plans to monetize the game, and raised concerns on Wall Street about the impact to next year’s fiscal earnings.

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Facebook Messenger CEO Vows More Scrutiny of Platform's Use

Facebook Inc. should be more proactive in detecting malicious actors on its platform, the head of Facebook’s Messenger app business said Wednesday.

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Fed's Beige Book: Economic Activity Grows Despite Hurricanes

Economic activity grew at a measured pace across the country in September and October, despite sector-wide disruptions caused by recent hurricanes in the Southern and Eastern U.S., according to a new report from the Federal Reserve.

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IBM: Big Blue Coming Out of the Red

The company reported another decline in quarterly revenue on a year-over-year basis Tuesday. But revenue fell only 0.4% and ended up exceeding Wall Street’s consensus forecast. That gave its shares a big boost.

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EBay Earnings: What to Watch

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

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Delta Expects to Buy U.S.-Built CSeries Jets

Delta said it plans to take Bombardier new CSeries jetliners built at an Airbus facility in Alabama, though didn’t provide a timeline for the first delivery.

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Ford Door-Latch Issues Expand to Trucks

Ford continues to be plagued by faulty vehicle-door latches as the auto maker expanded the lineup of affected models for the second time this year.

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Eviation, Electric-Plane Startup, Is WSJ D.Live Audience Favorite

Eviation, a startup developing self-flying, electric passenger planes, was crowned the audience choice for the most promising startup at The Wall Street Journal’s WSJ D.Live technology conference.

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Fed Officials Warn Against Push for Tax Cuts Over Real Reform

The leaders of the Dallas and New York Federal Reserve banks warned that any overhaul of the tax code that emphasizes deficit-boosting tax cuts over making the system more efficient could bring short-term gain but lead to long-term pain.

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This Airport Restaurant Is Classified

Why United Airlines has quietly opened an unmarked, invitation-only eatery at Newark Liberty International Airport.

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Weaker Trade Arbiters Pave Way for Conflict

Trump administration attempts to neuter Nafta and the World Trade Organization are intended to sideline the referees from the world trade arena, but that would allow both the U.S. and rivals to be more aggressive, Greg Ip writes.

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Canada's Factory Sector Rebounds in August

Canadian manufacturing sales rebounded in August with a sharp gain, defying market expectations for a third-straight monthly decline, on strong auto demand and higher energy prices.

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China Congress Rules: Airbnb, Ironman and Profile-Picture Updates Must Wait

China’s primary social-media platforms—WeChat, QQ and Weibo—all announced system maintenance or upgrades on the eve of the 19th Communist Party congress.

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Anthem to Launch Its Own Pharmacy-Benefit Manager

Anthem plans to launch its own pharmacy-benefit manager, serviced by CVS Health, in 2020 after the conclusion of its contract with Express Scripts.

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Why Streetwear Brand Supreme Is Worth $1 Billion and Abercrombie Isn't

Skateboard apparel retailer uses scarcity to fuel demand among young shoppers but a new private equity investment raises the question of whether the company can maintain its mystique.

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