Judge Says PwC Was Negligent In Bank Failure

PricewaterhouseCoopers was negligent in connection with one of the biggest bank failures of the financial crisis, a federal judge ruled.

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Sears Stopped Buying National TV Ads in Critical Holiday Season

Sears Holdings Corp. hasn’t paid for any national TV spots for its struggling Sears and Kmart chains in December, as the CEO shifts advertising to digital channels.

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A Blockbuster and Online Fees Juice China's Box Office

China’s box office is on the upswing, owing to accounting changes and one blockbuster success that signals the evolving tastes of the country’s massive audience.

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China's HNA Group Uses More Valuable Assets to Borrow Money

Debt-laden Chinese conglomerate HNA Group Co. used another one of its most valuable assets to borrow more cash for the third time this month, increasing the size of a loan backed by its ownership in the Hilton hotel chain.

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Defense Contractor Is Under Fire for Foreign Purchase of Propellant

Orbital ATK Inc. has sparked national-security concerns among White House officials because it shifted purchasing to foreign sources of an essential chemical used for powering U.S. missiles and rockets.

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U.S. Steelmakers Raise Their Bets on Energy, Construction

Steelmakers are betting on the U.S. again, building mills they hope will help them compete against cheap imports as demand rises. Others see expansion as a risky bet.

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Pershing Square, Valeant to Pay $290 Million to Settle Allergan Suit

Pershing Square Capital Management and Valeant Pharmaceuticals are paying $290 million to settle a lawsuit that alleged their trading in Allergan was illegal, allowing William Ackman to put behind him the last vestiges of an investment that created turmoil at his hedge fund.

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In Sign of Resistance, Chinese Balk at Using Apps to Snitch on Neighbors

New technology, part of the country’s effort to build a mass surveillance web, rewards citizens for notifying authorities about illegal activity, domestic disputes and other problems. But people are wary of using it.

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Judge Dismisses Suit Attempting to Stop Medicare-Subsidy Cuts

A federal judge in Washington ruled the Trump administration can make sharp cuts to subsidies Medicare pays some hospitals for pharmaceuticals, a blow to the American Hospital Association and others.

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The Biggest Media and Advertising Stories of 2017

Here’s a recap of the year’s biggest media and advertising news, from band safety to sexual harassment, major deals and Russian influence on social media platforms.

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Trump Criticizes Post Office for Charging Amazon 'So Little'

President Donald Trump tweeted that the U.S. Postal Service should charge Amazon.com and other companies more to deliver their packages.

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Terroir Alert! Champagne Is Expanding and Tempers Are Popping

For the first time in nearly a century, France is considering altering the region’s boundaries, and thus what can be considered the real bubbly.

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SandRidge Kills Bonanza Creek Deal After Icahn, Others Push Back

Oil-and-gas company SandRidge Energy said it would terminate its deal to buy Bonanza Creek Energy after getting pushback from some of its biggest stakeholders, including activist investor Carl Icahn.

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Russia Bets on Shale Oil to Defend Its Spot as Top Producer of Crude

Russia is hoping the Bazhenov shale formation in western Siberia, the largest in the world, will help it defend its title as the world’s top producer of crude oil for decades to come.

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Internet Tightens: Popular Chinese WeChat App to Become Official ID

China’s biggest tech giants are working with authorities to create digital identifications as alternatives to the state-issued ID cards citizens must present to obtain many public and private services, such as boarding trains and checking into hotels.

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The Urban-Rural Divide in 20 Charts

About 1 in 7 Americans lives in rural parts of the country—1,800 counties that sit outside any metropolitan area. A generation ago, most of these places had working economies, a strong social fabric and a way of life that drew a steady stream of urban migrants. Today, many are in crisis.

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Everything Went Right for Markets in 2017---Can That Continue?

Money managers and analysts entered 2017 widely anticipating that the overall levels of major indexes would remain little changed by year-end. Instead, the S&P 500 is on track to post its best yearly gain since 2013.

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Tax Law Ushers In Higher Executive Salaries at Netflix

Netflix plans to increase salaries for a number of its top executives in 2018, citing the U.S. federal tax overhaul as the reason.

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It's the Moment Insurers Have Waited For: Time to Raise Prices

One of the costliest years for natural disasters puts some U.S. insurers in a position to do what they haven’t done in years: raise prices.

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Apple Apologizes for Handling of iPhone Battery Issue

Apple issued an unusual apology for its handling of concerns about performance issues in iPhones with older batteries and said it will reduce the price of some iPhone replacement batteries to $29 from $79.

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Amazon vs. Retailers: 7 Takeaways From Tracking Holiday Prices

The Wall Street Journal monitored clothing, electronics and toy prices at some of the biggest retail sites over the holiday season. Here’s what we learned.

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Airbus Firms Big Indigo Jet Order

Airbus SE said Thursday it had completed a record-setting order for 430 jets from four carriers linked to a U.S. private-equity firm, narrowing its gap on new planes deals this year opened up by Boeing Co.

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Legitimacy of Embraer Talks With Boeing Cast Into Doubt

Raul Jungmann, Brazil’s defense minister, raised concerns that talks about a possible takeover of Embraer by Boeing had gone ahead without the government’s knowledge and reiterated that it wouldn’t permit a change in control of the aircraft company.

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Looking to Prepay Property Taxes? Check Local Timetables First

For homeowners seeking to maximize their property-tax deduction before the Republican tax law takes effect in January, best to pay attention to your local tax departments.

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SoftBank Succeeds in Tender Offer for Large Uber Stake

​SoftBank Group Corp. has succeeded in its bid to buy a large stake in Uber Technologies Inc. at a steep discount, after the ride-hailing company’s investors and employees tendered shares equal to about 20% of the company, people familiar with the matter said on Thursday.

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Some of the World's Largest Employers No Longer Sell Things

A new analysis conducted for The Wall Street Journal shows that some of the world’s largest employers are now large outsourcing companies.

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China Wants to Make Better Movies. So It Turned to the Guy Who Made 'Die Hard 2'

Renny Harlin, known for big-budget B-movies, has become a dedicated instructor in China’s push to become a global cultural force, helping the country build on its huge domestic box office to find that elusive overseas commercial hit.

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Dubai Billionaire's Tech Startup Takes On Amazon

Real-estate tycoon Mohamed Alabbar launched Noon to compete with Amazon for a foothold in the Middle East’s online shopping boom. How the startup fares will provide a measure of the region’s ability to move beyond oil and real estate.

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An Open-Office Survival Plan

Workplaces are tearing down walls and with them any sense of decorum. A guide to tuning it out and focusing in.

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Apotex Faces Uncertainty After Founder's Mysterious Death

The path forward for Apotex is uncertain following the sudden death of founder and chairman Barry Sherman, who was the architect of the generic drugmaker’s litigation-heavy strategy.

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Two of Fed's Newest Faces to Join Rate-Setting Panel in 2018

Two of the newest Federal Reserve officials will step into the spotlight in 2018 when they assume voting seats for the first time on the central bank’s interest-rate-setting committee, weighing how to keep a buoyant economy on an even keel in the new year.

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U.S. Jobless Claims Unchanged at 245,000 Last Week

The number of Americans filing new applications for unemployment benefits held steady last week, remaining near historically low levels as 2017 draws to a close.

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Power Plants Bloom Even as Electricity Prices Wilt

A glut of gas flowing out of U.S. shale fields is fueling a power plant construction boom in several northeastern states, despite fierce competition that has caused wholesale electricity prices to plummet.

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Tech in 2018: Will China's Cowardly Lions Get Some Courage?

In 2017, Silicon Valley did some soul-searching about tech’s role in spreading fake news that exacerbated social divisions in the U.S. Chinese tech firms should do some soul-searching too, given they work with an authoritarian government skilled in using technologies to try to control society.

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With the New Tax Law, CPAs Enjoy Sudden Popularity

Thanks to the sweeping tax-overhaul bill passed by Congress and signed into law this month, certified public accountants and financial planners suddenly have found themselves at the center of the cultural conversation.

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Deal Making Declines for Second Consecutive Year in Mexico

Deal making by Mexican companies declined for the second year in a row in 2017 on concerns about the future of free trade with the U.S. and uncertainty related to next year’s Mexican presidential election.

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Martin Shkreli's Former Lawyer Convicted of Aiding Fraud Scheme

A federal jury found a former corporate lawyer guilty of charges that he helped bad-boy former drug executive Martin Shkreli defraud a publicly traded pharmaceutical company that Mr. Shkreli helped found.

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Apple Boosts Pay of CEO Cook, Other Executives

A year after delivering an unusual pay cut, Apple gave Chief Executive Tim Cook and other top executives a big boost in compensation for fiscal 2017 as the company exceeded annual sales and profit goals

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House Committee Unites to Clamp Down on Indian Firms' Use of H-1B Visas

Bipartisanship on the divisive issue of immigration is a rarity in Congress, but the House Judiciary Committee unanimously approved legislation making it harder for Indian outsourcing companies to bring high-skilled workers to the U.S.

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The Worst Job in Technology: Staring at Human Depravity to Keep It Off Facebook

Social media giants hire legions of contractors to hunt for pornography, racism and violence in a torrent of posts and videos. This is one of the fastest-growing jobs in the technology world—and perhaps the most grueling.

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Tech That Will Change Your Life in 2018

In 2017, technology spread its tentacles into our lives in ways we couldn’t have imagined. In 2018, expect the invasion to get even weirder—and more aggressive.

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The Top Advertising Business Questions for 2018

Here are just a few of the biggest question marks for the top ad companies as we head into the new year.

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Restoration Hardware Boss Bets $1 Billion to Fight Skeptical Investors

Since the start of the year, the furniture chain now known as RH has wagered about $1 billion in a battle with investors who have staked bets against the stock.

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How Ivanka Trump Is a Walking Billboard for Her Fashion Brand

The president’s daughter and adviser put her company into a trust, but continues to wear its merchandise, feeding a relentless publicity machine.

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Startups Seek Tech Solution to Net Neutrality Repeal

Efforts to find an alternative route to internet access are gaining ground in Silicon Valley, where entrepreneurs were rattled by a recent government decision to overturn rules that required big internet providers to treat all traffic equally.

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Employee Mentorship Program Gets a Reboot

Instead of simply assigning mentors to staff members through an algorithm, PayPal started a new program in 2017 that gives its employees greater choice in deciding who will advise them.

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Consumer Confidence Falls in December

The Conference Board on Wednesday said its index of U.S. consumer confidence fell to 122.1 in December from 128.6 in November, which was a 17-year high.

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Former Bush-Era Economists Considered for Fed's No. 2 Job

The White House has interviewed two economists who served in senior positions in the George W. Bush administration to serve as the vice chairman of the Federal Reserve Board.

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A Tech-Driven Boom Is Coming; Please Be Patient

For all of today’s technological advances, from artificial intelligence to robotics, there is no sign of an impact on wages or productivity. But a case could be made that the economic payoff may now be coming, Greg Ip writes.

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Homeowners Rush to Prepay 2018 Property-Tax Bills

Homeowners across the nation are rushing this week to prepay their property taxes for 2018 before the Republican tax law kicks in Jan. 1 and effectively raises the levy on higher-end homes.

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Nissan Makes Unconventional Bet on Rental-Car Market to Boost U.S. Sales

The Japanese auto maker’s push into the sector comes as Detroit car companies are cutting back and focusing more on retail buyers.

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Shell, Barclays Detail Billions in Tax-Linked Charges

Royal Dutch Shell and Barclays Bank said they would take large charges attributable to the U.S. tax overhaul—joining a parade of global firms in recent days disclosing how American tax-bill changes will affect their bottom line.

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China's Geely Accelerates Global Growth With Volvo Truck Stake

Geely, the owner of Volvo Car, said it has agreed to acquire a stake in Swedish truck and bus maker Volvo AB, valued at $3.24 billion, marking another big step in the Chinese auto maker’s push outside its home country.

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What Can Dislodge Tencent as King of the Videogames?

Predicting the success of videogames is a bit like predicting how movies will fare—much relies on the fickle winds of public taste. How, then, has China’s Tencent—now the world’s largest games company—survived and prospered?

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How Sexual-Harassment Scandals Are Reshaping CEO Searches

Corporate boards are taking a tougher stance in vetting CEO candidates out of fear that the scourge of sexual misconduct may reach the corner office.

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Nintendo Delays Rollout of Larger Switch Game Cards Until 2019

Nintendo told outside game developers it is delaying delivery of 64-gigabyte game cards for the Switch console, meaning gamers may have to wait longer for some data-rich software titles.

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Can Central Banks Keep Control of Interest Rates?

Investors are elated by a booming global economy and the promise of central banks to tighten monetary policy only gradually. But a question haunts them: Will interest rates develop a mind of their own?

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A Banner Year for Corporate Debt

Low interest rates, economic health and easy credit conditions in 2017 spurred corporate borrowing, which met strong demand from investors

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Elon Musk Touts Tesla Pickup Plans, Though Light on Detail

Elon Musk teased details for a pickup truck that would challenge Ford Motor Co. and others in one of their most lucrative segments—though, true to form, the Tesla Inc. chief was vague about his intentions

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Mallinckrodt to Buy Sucampo Pharmaceuticals for About $840 Million

Mallinckrodt will buy Maryland-based Sucampo Pharmaceuticals for about $840 million, the companies said, as the drug giant looks to diversify its portfolio after regulatory scrutiny has hurt its opioid sales.

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Disney-Fox Deal Gives Glimmer of Hope for Movie Lovers

To compete with Netflix, Disney is counting on Fox to help produce a wider array of movies including lower-budget originals for its Hulu streaming service.

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Retailers Offer Myriad Returns Options to Retain Customers

After a strong holiday shopping season, retailers are bracing for a flood of returns—and not just at the customer service counter.

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Textbook Shopping Goes Online, Driving Down Prices

The same surge in online comparison shopping that has pushed prices lower for toys, electronics and other popular goods is upending the traditional textbook business model and forcing sellers to provide new, cheaper options.

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Home Prices Jump in October

Home prices continued to rise in October marking more than 12 consecutive months of growth. The S&P CoreLogic Case-Shiller National Home Price Index, which measures prices for typical single family homes across the country, rose 6.2% in the 12 months ended in October.

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Conditions of Highways and Local Streets Rile WSJ Readers

About 900 Wall Street Journal readers responded to an online survey asking what they think is America’s biggest infrastructure problem.

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New Cost-Cutting Strategy for Airlines: Buy Planes in Bulk

Airlines looking to lower capital costs are getting together behind a time-tested tactic when negotiating for new aircraft: Buy in bulk for lower prices.

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Uber to Sell U.S. Auto-Leasing Business to Startup Fair.com

Uber Technologies has agreed to sell its U.S. subprime auto-leasing business to startup car marketplace Fair.com, bringing to an end the ride-hailing giant’s failed attempt to attract new drivers who lack regular access to vehicles.

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Latest Entrants Into Electric Car Race: Makers of Post-It Notes, Paint

Old-line industrial companies including 3m, PPG and DowDuPont seek to cash in on the shift to electric and self-driving vehicles.

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Where the New Retail Space is Being Built

Despite a glut in U.S. retail space, some developers are building more, just not in the form of malls but alongside new homes in smaller chunks than before.

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Seoul Allows LG Display to Take OLED Skills to China

South Korea will allow one of its largest companies to build a new organic light-emitting diode production facility in China, the first time a Korean firm will transfer the sophisticated technology abroad.

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Both Parties Deft at Ignoring Deficit

Republicans and Democrats alike pretend to care about accumulating national debt when that suits their interest, and they shrug off those concerns when it doesn’t.

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Maine Is Short of Snowplow Drivers

The New England state is having trouble finding enough workers to help clear roads in the winter, another sign that low unemployment is taxing parts of the country.

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Slow and Steady: Japanese Inflation Creeps Higher

The Japanese economy is picking up more and moving toward the central bank’s 2% inflation goal, though only gradually, according to new government data.

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How Tax Law Will Help Some Housing Markets

The tax overhaul is expected to create winners and losers among housing markets across the U.S., dealing a blow to high-cost coastal regions but potentially fueling demand in places in the middle of the country.

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New Stimulus Leads Economists to Revise Up Growth, Deficit Projections

Economists on Wall Street are revising up their estimates of U.S. economic growth over the coming two years due to Washington’s embrace of tax cuts and government spending increases.

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Global Economy Week Ahead: Japan Inflation, BOJ Opinions, China Manufacturing PMI

The week ahead features an inflation reading from Japan, a summary of opinions from the Bank of Japan’s latest monetary policy meeting and data on China’s factory activity.

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Retailers Feel Shoppers' Christmas Cheer

Shoppers of all income levels spent more this holiday season, prompting some Yuletide joy among retailers that struggled through a difficult year.

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'Last Jedi,' 'Jumanji' Are Winners

Walt Disney Co.’s “Star Wars: The Last Jedi” continued to rule over returns, collecting an estimated $100.7 million over the four-day weekend in the U.S. and Canada.

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Would Adam Smith Eat That Burger?

Modern economics has given us abundance—and obesity. It also offers ideas to take off the pounds.

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Goodbye, George Bailey: Decline of Rural Lending Crimps Small-Town Business

Banks are closing branches and paring credit in rural America, focusing instead on booming urban markets. That leaves communities without the friendly faces of finance that once sustained them, and worsens an already tough economic environment.

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Airlines' Rising Costs Threaten Profit Margins

Airlines are paying more for fuel, labor and maintenance, drawing scrutiny from investors who fear the industry’s rising costs threaten margins during a record stretch of profitability.

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A Year After Its Historic Deal, OPEC Is Propping Up Oil

Investors grew frustrated early in 2017 as a pact made by major oil producers appeared to have little effect on the global supply glut. But prices eventually clawed their way back.

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Chip Makers Aren't Stacking Bets on Cryptocurrencies

Cryptocurrencies have been a winning bet this year, but the chip makers who play a key role in the market are still playing their hands very cautiously.

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Games Companies Play, Tax-Cut Edition

By timing expenditures, companies can boost the advantage of the sudden change in corporate taxes, but they will wreak havoc on economic and profit statistics.

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Tax Overhaul Could Jolt Dollar as Firms Bring Home Cash

A provision of the tax overhaul is expected to release a tide of U.S. corporate cash from abroad, a development likely to jolt the dollar and reverberate throughout financial markets early next year.

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Regulators Propose Rollbacks to Offshore Drilling Safety Measures

Federal regulators are proposing to roll back safety measures put in place after the Deepwater Horizon oil spill, which could affect real-time monitoring of offshore installations and third-party inspector certification.

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Cancer Drug Price Rises 1,400% With No Generic to Challenge It

Since 2013, the price of a 40-year-old, off-patent cancer drug in the U.S. has risen 1,400%, putting the life-extending medicine out of reach for some patients.

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Under Pressure at Under Armour, CEO Says His Eye Is on the Ball

Under Armour Chief Executive Kevin Plank faces sales declines and executive defections at the sportswear maker—and questions from investors about how he is juggling his private ventures at Plank Industries.

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Fast-Fashion Chain Primark Is Slow Off the Mark in U.S.

Primark shuns online shopping and relies on supercheap prices to draw customers into its stores, a strategy that has won it a cultlike following across Europe. Americans have yet to warm to it.

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Theranos Gets a Financial Lifeline

Blood-testing firm Theranos has secured a $100 million loan from Fortress Investment Group, averting a possible bankruptcy for now.

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China, Flush With Cash, Sets Sights on Shipping

China poured $20 billion into ship financing this year, a reflection of the country’s ambition to become the world’s dominant maritime player as European banks have scaled back their investments.

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UPS Grabs More Desk Staff to Deliver Last-Minute Packages

Hustling to deliver a crush of holiday shipments before Christmas, UPS is using hundreds of its accountants, marketers and other office staff to deliver packages at the last minute.

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Keppel Unit to Pay $422 Million to Settle Bribery Probe

Singaporean shipyard firm Keppel Offshore & Marine agreed to pay $422 million to resolve a foreign bribery investigation involving authorities on three continents.

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Americans Shop More, Save Less This Holiday Season

Americans are spending more and saving less this holiday season, driven to consume by low unemployment, robust confidence and buoyant financial markets, with the prospect of tax cuts hitting their paychecks by February potentially adding fuel in the months ahead.

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Americans Drink Their Sugar Differently, but Still Steadily

The beverage industry is falling further behind in its drive to reduce the amount of calories Americans drink, as sales of diet sodas continue to slide and people consume more fountain drinks and sweetened tea.

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Apple's New iPhones Get a Lukewarm Reception From Buyers

Estimates from two market-research firms indicate customers are buying the iPhone X and a pair of other new offerings at a rate comparable to recent models but falling short of the iPhone’s 2014 peak.

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Stores Have Rare Edge Over Web in Fight for Last-Minute Shoppers

Online retailers and traditional stores play up their strengths with same-day delivery and in-store pickup, as shopper mind-set shifts from ‘Am I getting a great deal?’ to ‘Will I get it on time?’

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AT&T, Time Warner Stretch Tie-Up Deadline to June 21

The trial timeline for Justice Department’s challenge to $85.4 billion deal reached in October 2016 left little room to meet closing date

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Nike Isn't Quite Doing It

Nike booms abroad, but it still has to answer for its domestic business.

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White House Will Have to Nominate Powell, Goodfriend to Fed Again in 2018

Two of President Donald Trump’s nominees to the Federal Reserve will have to be renominated in the new year after the Senate ended its 2017 session this week without voting to confirm them.

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Analysis: How Consensus for Corporate Rate Cut Turned Into Partisan Tax Brawl

Both candidates in the 2012 presidential election ran on a corporate tax cut. Five years later, a unified Republican government made that a reality, and a bipartisan idea has turned into a deeply partisan brawl.

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Reporters Won't Get German Data Early After WSJ Questioned Trading

Germany’s statistics agency said it will stop sending sensitive economic data to journalists before it is publicly released, amid evidence from a Wall Street Journal analysis that found suspicious trading patterns in currency-futures markets.

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Macon Brock, Dollar Tree Founder, Searched the World for Bargains

The teenage years of Macon Brock, one of the founders of Dollar Tree, weren’t promising. His parents feared he wouldn’t amount to much. Their worries finally motivated him to prove he was “more than a goof-off,” as he put it in a memoir.

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Timing Is Vital as Companies Set Bonuses, Spending Before New Tax Law

The timing of AT&T Inc.’s pledge this week to give $1,000 bonuses to more than 200,000 workers once President Donald Trump signs the tax overhaul may have saved it $28 million.

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Boeing Aims to Bulk Up With Embraer's Small Jets

Boeing’s pursuit of Embraer fits one of the goals Chief Executive Dennis Muilenburg has set for the aerospace giant: creating a level playing field in the commercial jetliner business.

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As Videogame Hackers Try to Ruin Christmas, Watchdogs Are on Patrol

Cyberattacks targeting videogame systems have become an unpleasant late-December tradition. Luckily, an informal band of security researchers and computer experts collaborate to hunt down and thwart cyber-Grinches.

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Xiaomi Plots a Path Out of the Wilderness With a Big IPO

It wasn’t long ago that Xiaomi, once China’s top smartphone vendor, looked like it was past its prime. But a revival has brought resurgent sales at home and abroad, and now it is looking to cash in by going public.

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ADT Files for IPO, Apollo to Continue Control

Home-security company ADT Inc. has filed preliminary documents for an initial public offering, more than a year after it went private in a leveraged buyout.

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UnitedHealth Offers $2.7 Billion for Banmédica

UnitedHealth is launching a tender offer to acquire South American health-care provider and insurer Banmédica as it looks for growth abroad.

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Roche Bolsters Cancer Portfolio With $1.7 Billion Ignyta Deal

Roche has agreed to buy U.S. cancer-therapy company Ignyta for $1.7 billion, the Swiss drugmaker’s latest move to shore up its oncology portfolio as its best-selling treatment faces generic competition.

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Lotte Group Chairman Gets Suspended Prison Sentence in Trial That Gripped South Korea

Lotte Group chairman Shin Dong-bin was convicted of breach of trust and embezzlement but given a 20-month suspended jail sentence, capping a trial that ensnared members of the family controlling South Korea’s fifth-largest conglomerate.

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U.S. Consumer Spending Rises in November, Savings Rate At Ten-Year Low

Americans spent more and saved less in November, a sign that consumer confidence, the prospect of tax cuts and buoyant financial markets are underpinning a strong holiday spending season.

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Demand for U.S.-Made Durable Goods Rises in November

Orders for long-lasting factory goods rose in November, the latest sign of improving demand this year for U.S. manufactured products.

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William Agee's Romantic Life Upstaged Tenure at Bendix

In 1976, when William Agee won the top job at Bendix Corp., a maker of automotive parts, he was 38 years old and one of the youngest CEOs of a major American company. The Harvard-trained executive proved to be one of the most colorful and controversial corporate leaders as well.

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Papa John's Founder to Step Down as CEO

Papa John’s International founder John Schnatter is stepping down as CEO after a tumultuous few months at the pizza chain.

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Schmidt to Step Down as Alphabet Executive Chairman

Google-parent Alphabet Inc. said Eric Schmidt will step down from his post as executive chairman in January and transition to a role as technical adviser.

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Nike Sales Climb, Despite Declines in North America

Nike Inc. sales climbed in its most recent quarter even as profit and revenue in its home market declined, as the sportswear maker attempted to sell more directly to consumers instead of through retailers and others.

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Sorry. Wrap It Yourself, Say Overwhelmed Online Shops

Some online retailers are closing down their gift-wrapping stations as they cope with a crush of holiday orders that threaten to grind fulfillment centers to a halt this season.

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Slow Start for Truckers Under New Rule on Logging Hours

A new rule requiring truckers to electronically log their hours behind the wheel is getting off to a bumpy start for some drivers, with complaints arising over technical glitches and limited customer support for the devices.

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House Republicans Aim to Pass Short-Term Spending Bill to Avoid Government Shutdown

Top House Republicans moved to pass a stopgap spending bill needed to avoid a government shutdown, after GOP leaders scrapped a partisan proposal prioritizing military funding ahead of the weekend deadline.

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Fed Study Finds Continued Growth in Credit-Card Payments

Americans increasingly relied on credit cards to make payments in 2016, and made more of those payments remotely, according to new data the Federal Reserve.

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Boeing Held Takeover Talks With Brazilian Aircraft Maker Embraer

Boeing has been in takeover talks with Brazilian aircraft maker Embraer, a move that would strengthen Boeing’s hand in the regional jet market and help it counter a recent move by Airbus to strike a similar deal.

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U.S. Blacklists 13 Foreign Individuals for Alleged Human Rights Abuses, Graft

The U.S. on Thursday sanctioned 13 individuals it accused of serious human rights abuse and corruption, including a former Chinese security official, the son of a top Russian prosecutor and a billionaire businessman linked to the Congo’s “blood diamond” industry.

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Georgia Officials Approve Funding for Troubled Nuclear Plant

Georgia officials voted Thursday to continue building two half-finished nuclear reactors even though construction is more than $10 billion over budget and five years late.

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Wal-Mart Suspends a Controversial Shoplifting Punishment

Wal-Mart suspended programs that require suspected shoplifters to undergo an education program for a fee, as more local officials questioned the legality of asking people for money under threat of criminal sanctions.

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Conagra Returns to Sales Growth

Conagra Brands returned to growth in its latest quarter as the pivot to a smaller but more-focused food company aimed at consumers’ lunch pails, pantries and snack bowls started to pay off.

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Canada Inflation Rate Crosses 2% Level in November

Annual inflation in Canada picked up steam in November and crossed the 2% level for only the second time in three years, on the strength of higher prices for gasoline, food and cars.

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U.S. Output Grew 3.2% in Third Quarter

U.S. output grew at a 3.2% annual rate in the third quarter, the government said Thursday, a touch below a prior estimate but pointing to economic momentum ahead of a major tax cut.

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U.S. Jobless Claims Rose Last Week

The number of Americans filing applications for new unemployment benefits rose last week, but remain near historic lows, helping to wrap up a year of historic lows for different U.S. employment measures.

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China Shapes Economic Blueprint Around 'Xi Jinping Thought'

The first economic blueprint unveiled in President Xi Jinping’s second term highlighted a theory bearing Mr. Xi’s name and emphasized innovation and “high-quality” growth. There were few signs Beijing will aggressively tackle crippling debt levels.

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Whither Fox? Disney Deal Raises Questions About the Network's Future

Rupert Murdoch’s decision to sell the Twentieth Century Fox studio to Walt Disney while retaining the Fox broadcast network, has raised fears in Hollywood about the company’s commitment to entertainment programming, and created uncertainty about the network’s stability and future.

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Spotify's 'Underwriter-Less' IPO to Be Approved

Spotify AB is expected to receive approval from the SEC to move forward with a listing of its shares on the New York Stock Exchange, a key step in the music-streaming service’s plan to avoid a traditional IPO.

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Downside of Tax Bill Hits Dell, Other Heavily Indebted Firms

The overhaul will limit the tax deduction companies take on interest paid on debt, a move that will in particular affect companies that amassed hefty debts because of past deals or relied on debt financing instead of equity.

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Tech Titans Wage War in China's Next Internet Revolution

Alibaba and Tencent have competed across a range of mobile internet businesses. Now the duopoly that has defined China’s internet is going to war.

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China's Didi Chuxing Raises $4 Billion in New Funding

The ride-sharing platform has a valuation of more than $50 billion, making it one of Asia’s largest startups, and now has $12 billion in cash reserves.

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Rolling Stone's Owner Sells Controlling Stake to Penske Media

Penske, which owns the trade publications Variety, Deadline and Women’s Wear Daily, has acquired a controlling stake in Wenner Media, whose prime asset is Rolling Stone magazine.

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Apple Limits Performance in Old iPhones to Prevent Shutdowns

Apple Inc., facing questions from users and tech analysts about reduced performance in older iPhones, acknowledged that its latest software curtails the computing power of some models to prevent unexpected shutdowns.

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Thankful for Massive Tax Cut, AT&T, Wells Fargo Promise to Share the Wealth

President Donald Trump has yet to sign the tax overhaul that promises to slash corporate taxes, but several big U.S. companies raced to tout plans to dole out some of the expected windfall.

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Post-Weinstein, Many CEOs Rethink How They Engage With Subordinates

As the role that workplace power plays in sexual harassment is thrust into the public glare, few managers are rethinking their personal interactions more than the most powerful person in the office.

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Kuwait Is Investigating Military Helicopter Deal With Airbus

Kuwait is investigating a military helicopter deal with Airbus SE, adding to the pressure on the European aerospace giant that is facing management turnover and multiple fraud investigations.

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AT&T Plans $1,000 Bonus to Workers if Trump Signs Tax Bill

AT&T Inc. said it would make a one-time $1,000 payment to more than 200,000 workers if President Donald Trump signs the tax-code overhaul bill that Congress has approved.

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Saudi Arabia Searches for U.S. Shale-Oil Deal

Saudi Arabia is hunting for an energy deal in American shale country, as economic upheaval pushes it to seek its first international oil-and-gas production investments.

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For Oil Drillers, Glut Damps the Excitement as Arctic Opens Up

Republicans are poised to offer up a bevy of new opportunities for oil exploration in lands and waters owned by the government, but their efforts come at a time when a glutted oil market has companies less eager to find new sites to drill.

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Worker 'Idle Time' Costs U.S. Employers $100 Billion a Year, Study Says

American workers are spending hours doing nothing, and it is costing their companies more than $100 billion a year, according to a new survey.

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Uber Dealt Blow as EU's Top Court Rules It Is a Transport Company

Uber suffered a major defeat in its effort to overturn strict rules and licensing requirements in Europe, after the bloc’s highest court ruled the ride-hailing company should be regulated as a transportation service, rather than a digital service.

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Amazon Puzzles Over the Perfect Fit---in Boxes

Amazon.com is aiming to ship each order in one correctly sized package, responding to rising costs and consumers’ concerns about the environmental impact of all that cardboard.

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WeWork, No Longer in a Sharing Mood, Hunts for New Tenants on Rivals' Turf

Executives of shared-office space giant WeWork Cos. have long played down competitive threats, saying that similar companies help the fledgling sector grow. But in recent months the company has changed its tune.

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Subaru Probes Potential Fabrication of Fuel-Economy Data

The Japanese car company’s latest disclosure adds to a scandal that has damaged its domestic business but not its core U.S. market.

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Uber Names Harford as Operating Chief

Uber Technologies Inc. said it named Barney Harford, the former chief executive of travel-booking site Orbitz, as its new operating chief, making him the ride-hailing firm’s second-highest-ranking executive.

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Shell, Eni Face Italian Charges Over Nigerian Deal

Royal Dutch Shell PLC, the chief executive of state-backed Italian energy company Eni SpA and other industry executives must stand trial on corruption charges connected to a 2011 Nigerian oil deal, an Italian judge ruled Wednesday.

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General Mills Gets Boost From Cereal, Snacks

General Mills said its snack and cereal sales are improving in the U.S. as more people nibble throughout the day in place of larger meals.

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BlackBerry Starting to Cast Closer Look at Acquisitions to Bolster Growth

BlackBerry Ltd. saw its revenue continue to decline, but boosted margins as it continued to build its enterprise-software business.

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Sweeping Tax Bill Heads to Trump for Signature

The most sweeping changes to the tax code in more than 30 years are on the way to President Donald Trump for his signature after the House passed a $1.5 trillion tax cut for a second time, ratifying minor changes made by the Senate.

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GOP Tax Bill Fixes Some Problems, But Exacerbates Others

The tax bill that Congress is poised to pass bears only limited resemblance to the reform most economists envisioned, Greg Ip writes. While it tackles a globally uncompetitive system riddled with distortionary breaks, some of its provisions will force legislators back to the table in coming years.

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Tax Overhaul Makes Homeownership Less Appealing

The tax-code overhaul wipes out decades-old perks designed to encourage homeownership, meaning that there will be little difference between owning and renting.

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U.S. Existing-Home Sales Jumped in November

Sales of previously owned U.S. homes rose in November to the strongest pace in more than a decade, the National Association of Realtors said Wednesday.

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How Trump, GOP Forged Landmark Tax Plan

Wednesday’s expected final passage of a tax bill that will touch virtually every American business and family in many ways rose from the wreckage of the Republican effort to set up a new health-care system. The defeat of the health-care bill hung over the tax legislation efforts, shaping the strategy used to pass it and mobilizing Republicans eager to show they could govern.

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Congress on Brink of Tax Overhaul

Congress stands on the verge of passing a $1.5 trillion tax cut and the largest structural overhaul of the tax system since 1986. The Senate passed the GOP bill and the House will vote again Wednesday morning because at least two provisions ran afoul of Senate rules.

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FDA Blesses Blindness Treatment That Could Cost $1 Million

The Food and Drug Administration approved for sale the first therapy in the U.S. that delivers a functional gene to replace a faulty, disease-causing one.

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Toys 'R' Us Earnings Hurt by Baby, Learning Categories

Toys “R” Us Inc. said its latest quarter was disappointing as the struggling toy seller charts a path after it filed for chapter 11 bankruptcy protection in September.

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What the Tax Bill Means for Pass-Through Business Owners​

The tax outlook for people with “pass-through” business income is a little simpler now than it was before. But it is still complicated.

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FedEx Raises Forecast, Says Tax Changes May Help Even More

FedEx Corp., saying it is on track for a record holiday season, raised its earnings forecast for the year Tuesday and said the outlook could improve even more if Congress’s tax overhaul is signed into law.

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Deals Boom in Push to Move Health Care Out of Hospitals

Health insurers, hospitals and other health-care companies are planning or contemplating deals, reflecting industry upheaval as Americans get more medical care away from hospitals.

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Nebraska Refuses To Amend Keystone XL Application

The Keystone XL pipeline could face more delays after Nebraska regulators denied a request by TransCanada Corp. to refile its application for the project.

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Wisconsin School of Business Dean Steps Down

Wisconsin School of Business Dean Anne Massey will step down this month, after just one semester steering one of the country’s oldest business programs.

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Retail Upheaval, Data Breaches and Tech Innovations

Amazon rocks department stores and grocery chains, Equifax finds itself under scrutiny and technology grows smarter

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Stitch Fix Experiences Growing Pains

Stitch Fix Inc., the fashion startup that went public last month, reported strong customer gains Tuesday but said profits were pinched by the costs of expanding into men’s and plus-size apparel.

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Tax Cuts to Test GOP's Economic Pledges

President Trump and congressional Republicans are betting a new tax overhaul will jolt the economy, but the case for faster growth is murky when looked at through the lens of history.

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Drug and Alcohol Deaths at U.S. Workplaces Soar

The number of American deaths at work from unintentional drug and alcohol overdoses jumped more than 30% in 2016, new government data shows, showing that the U.S. struggle with a deadly opioid epidemic is migrating to the workplace.

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House Passes GOP Tax-Overhaul Bill

The House passed the Republican tax bill, putting the U.S. on the brink of a $1.5 trillion tax cut and the largest structural overhaul of the tax system since 1986.

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China, Seeking Growth, Softens Focus on Cutting Debt

As China prepares to unveil its economic blueprint for 2018, people familiar with the plan say it will show that Beijing is finding it hard to cut debt without jeopardizing growth, and is changing its goal to just “control” a rise in borrowing.

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Trump's View of the World: Economy Is Security

Declaring that “economic security is national security,” President Donald Trump aimed to reframe a national debate over his domestic economic and trade policies by thrusting them into a national-security context.

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Middle Class to Get 23% of Tax Cuts for Individuals Under GOP Bill

Middle-income households will get $61 billion in tax cuts in 2019 under the Republican tax plan poised for passage, amounting to 23% of the tax cuts that go directly to individuals. By 2027, however, these households would get a net tax increase.

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U.S. Housing Starts Grew In November

U.S. housing starts rose last month to the highest level in more than a year, driven by gains in single-family home building in the South and West.

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Where the Cybersecurity Threats Are

Stephen Schmidt of Amazon Web Services and Scott Smith of the FBI talk about what companies should be most concerned about.

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ESPN Chief's Sudden Exit Comes at Crucial Juncture for Disney

ESPN on Monday announced the surprise resignation of network President John Skipper over substance-abuse issues, creating uncertainty at a critical moment for the sports TV juggernaut and its majority-owner, Walt Disney Co.

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China's HNA Group Seeking Sale of $6 Billion in Overseas Property

One of China’s biggest deal makers is looking to sell a large portfolio of commercial properties in New York, London and other major cities in a sharp reversal of its buying spree in recent years.

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Amazon Echo Prices Turn Market on Its Ear

Amazon.com’s $30 price tag on the Echo Dot smart speaker is triggering price cuts on Google Home devices and complicating Apple Inc.’s HomePod prospects.

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Two Brothers, Tied to the Land, Face Wrath of America's Farm Bust

Ron McMartin owned McM Inc., an agricultural colossus, and wanted nothing but to be a farming magnate. His brother, Larry, worked on the farm, and was happier in the fields. Then the market turned.

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EU to Investigate IKEA's Dutch Tax Arrangements

Swedish furniture retailer IKEA Group could be forced to pay back millions of euros in alleged unpaid taxes to the Netherlands, following an investigation opened Monday by the European Union.

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Carmakers Try to Cajole Consumers Into Caring About Air-Bag Recall

The biggest automotive recall in U.S. history is under way—of faulty air bags—and auto makers are required to take unprecedented steps to reach customers.

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Uber Driver in Lebanon Arrested in British Diplomat's Death

A driver working for Uber Technologies Inc. in Lebanon has been arrested for the killing of a British diplomat over the weekend, local security officials said Monday, at a time when the safety of people who use ride-hailing services has been drawing close attention.

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Kaspersky Sues U.S. Over Order to Remove Its Anti-Virus Software

Russian cybersecurity firm Kaspersky Lab filed suit against the U.S., demanding that the Department of Homeland Security rescind a ban on Kaspersky software in government computers.

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Tax Plan Strikes at Tech Giants' Foreign Profits

While most U.S. businesses would pay lower taxes under congressional Republicans’ proposed tax overhaul, some of the world’s richest tech companies might actually see their rates rise.

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The World's Top Banana Is Doomed and Nobody Can Find a Replacement

As the beloved Cavendish variety faces extinction by fungus, growers and scientists scour the globe, keeping their eyes peeled for a suitable substitute—preferably one that doesn’t taste like latex.

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GOP Watches Key Senators as It Prepares for Tax Vote

Congressional Republicans were preparing to vote starting Tuesday on their tax package, even as they had yet to get commitments from all GOP senators to support the sweeping rewrite of the U.S. tax code.

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Fed's Williams: Economy Heading Into 2018 With Good Momentum

Federal Reserve Bank of San Francisco President John Williams said if the economy performs as he expects, the central bank is likely to steadily raise interest rates over the next couple of years.

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This One Weird Tax Trick Could Shrink the Trade Deficit

The tax bill expected to pass Congress could accomplish President Trump’s goal of reducing the U.S. trade deficit, not by increasing productivity or changing other countries’ trade practices, but by curbing the incentive for multinational companies to shift profits abroad.

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GOP Tax Bill Would Set Up Years of Challenges

The GOP’s historic tax overhaul might usher in a new period of instability in the tax code, because the plan is advancing without bipartisan support and with expiration dates that guarantee it will be revisited for years.

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Congress Faces Crunch Time on Spending, Immigration

Congress begins its likely final week of 2017 with lawmakers from both parties forced to grapple with tough questions they have deferred all year, including immigration and the federal budget.

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CSX Chief's Death Prompts Tough Questions About Move to Hire Him

CSX Corp. hired the renowned railroad turnaround artist Hunter Harrison in March with much fanfare. Now, with Mr. Harrison’s death, that decision has backfired.

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Oracle to Buy Software Maker Aconex

Oracle will buy Australian project-management software provider Aconex, the latest leg in its push to take on Amazon and others in selling cloud-computing services.

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Deaths of Apotex Founder, Wife Being Investigated as Homicides

Apotex founder Barry Sherman and his wife, Honey, died from a type of strangulation, and homicide detectives have taken over the investigation.

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Global Economy Week Ahead: U.S. Inflation, Eurozone Wages, Bank of Japan Meeting

The week ahead features U.S. data on consumer spending and inflation, reports on European consumer confidence and wages, and a policy decision by the Bank of Japan.

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Japan Tiptoes Out of Radical Experiment in Monetary Policy

After pumping about $4 trillion into the financial system over Gov. Haruhiko Kuroda’s nearly five years on the job and dropping rates into negative territory, Japan’s central bank is likely to raise one or more of its key interest-rate targets in 2018.

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Humana and PE Firms in Talks to Buy Kindred Healthcare

Humana is in advanced talks to join with two private-equity firms in a deal to acquire home-care provider Kindred Healthcare, a move that would add to a cascade of transactions aiming to bring together insurance operations with other health-care businesses.

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'Star Wars: The Last Jedi' Has Second-Highest U.S. Opening

Disney’s “Star Wars: The Last Jedi” opened to $220 million in the U.S. and Canada this weekend, according to studio estimates. That is the second-biggest box office opening of all time, not counting inflation.

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Delivery Companies Brace for the Pre-Christmas Crush

Package-delivery companies are preparing to address any potential bottlenecks during what is typically their busiest week of the holiday season.

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Grocers Absorb Rise in Food Prices to Keep Customers From Straying

Food costs are ticking up after a multiyear glut of many staples. But consumers aren’t paying much more yet because grocers, discounters and online retailers are all holding down prices to win business.

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The Fast and the Financed: China's Well-Funded Auto Startups Race to Overtake Tesla

An ambitious group of Chinese car developers with billions in backing and a foothold in Silicon Valley are vying to become the next Tesla.

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Why Refiners Are Expected to Give Their Tax Savings Right Back to Shareholders

U.S. fuel makers are poised to reap billions under a sweeping Republican overhaul of the tax code. But don’t expect them to expand, go on a hiring binge, or lower prices at the pump.

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Deduction Rollback Hurts High-Tax States, But Exodus Isn't Assured

A key provision in the Republican tax plan could dim the appeal of living in high-tax states like New York in favor of low-tax states like Florida. But research on the subject suggests high-tax regions won’t see a sudden or mass exodus.

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Get Ready for a Faster, Pricier and More Confusing Internet

With the end of Federal Communications Commission regulation, the battle for the soul of the internet has just begun, with tech and media giants free to consolidate, upsell and compete like never before.

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Thales to Buy Chip Maker Gemalto

France’s Thales has agreed to buy chip maker Gemalto NV for €4.8 billion in a deal that aims to create “a world leader in digital security,” the companies said.

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Police Probe Deaths of Canadian Billionaire and Wife

Autopsies were under way Saturday on the bodies of Apotex Inc. founder and Chairman Barry Sherman and his wife, Honey, after they were found dead Friday in a wealthy Toronto enclave.

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CSX Chief Harrison Dies Days After Taking Medical Leave

CSX Chief Executive Hunter Harrison died on Saturday, a day after the surprise announcement that he was placed on medical leave caused his railroad company to lose $4 billion in market value.

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U.S. Insurers Win 'Bermuda Loophole' Fight

Big U.S. property-casualty insurers succeeded in closing what they say is a loophole permitting rivals to rack up profits and move jobs to Bermuda, Switzerland and other low-tax locales, according to lobbyists for both sides.

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Why Cash Returning From Overseas Isn't Likely to Create Jobs---and Might Even Reduce Them

Republican lawmakers say their tax overhaul would spur companies to hire more employees and build factories in the U.S. Yet one key provision, which will free up hundreds of billions of dollars for companies to spend, will probably benefit shareholders, analysts say.

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To Recruit, Manufacturers Go to Parents' Nights

To attract America’s youth onto the factory floor, manufacturers have tried many tactics from hosting high school tours to providing apprentice programs. Their latest strategy is targeting parents.

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GM Faces $1 Billion Reckoning in Disputed Ignition-Switch Settlement

General Motors Co. faces a potential payout of $1 billion in stock to address claims related to its ignition-switch crisis, depending on the outcome of a looming trial.

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Corporate Accountants Can Cancel Christmas

If the Republican proposal passes and is signed into law in December, finance teams will be scrambling to calculate its effect on their balance sheets and income statements in time for their next earnings reports.

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Mining World's Ultimate Deal-Maker Struggles in Frugal Era

Most big mining companies are wary of doing deals, focusing instead on raising cash, shedding debt and delivering meaty dividends to investors. That’s not an ideal environment for a deal-maker like Mick Davis.

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To Break Into the Grammys, Netflix Went Old-School Vinyl

Netflix released vinyl records of its streaming comedy specials to garner its first-ever Grammy nominations.

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HBO's 'Agnelli' Highlights Fiat Chairman's Appetite for Women and Danger

A new documentary on Gianni Agnelli follows the colorful exploits of the charismatic Fiat scion. It arrives in very different era from the Italian industrialist’s heyday, one in which public figures face more intense scrutiny.

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Boeing, Airbus Sales Imperiled as Trump Administration Formulates Iran Plan

The Trump administration is advancing a strategy that could derail efforts by Boeing and Airbus to sell hundreds of jetliners to Iranian airlines, U.S. officials said.

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Facebook Acknowledges Some Social-Media Use Is Harmful

The company’s top researcher pointed to external studies showing the negative effects of “passive” use of social-media sites to read news without interacting with anyone but said “active” use can improve well-being.

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Premier League Powers Squabble Over How to Share the Wealth

The so-called Big Six of soccer want a larger share of the television money, leading to tensions with other owners as the league’s clubs are resurgent.

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KKR to Buy Unilever's Spreads Business for $8 Billion

U.S. private equity giant KKR agreed to acquire Unilever’s margarine and spreads business in a deal that values the unit at $8.03 billion, making it one of the largest European acquisitions by a buyout firm this year.

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Apotex Founder Barry Sherman, Wife Found Dead in Toronto Home

ApotexInc. founder and Chairman Barry Sherman and his wife, Honey, were found dead in their Toronto home Friday, said the company. Police said they were treating the incident as “suspicious.”

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GOP Is Poised to Pass Sweeping Tax Overhaul

Republicans stood on the verge of delivering the most significant changes to the U.S. tax code in more than three decades, after a series of last-minute deals appeared to clear the last big obstacles to passage next week.

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Uber Hacked and Surveilled Rivals, Alleges Ex-Manager in Letter

A 37-page letter sent to Uber Technologies’ management in May that painted it as a paranoid firm with a sophisticated intelligence apparatus designed to gain an edge on rivals and trick regulators has been made public.

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Social-Media Stars Are Turning Heads---of Regulators

The Federal Trade Commission has stepped up policing of product plugs and brand endorsements made by celebrities of social networks, enforcing deceptive-marketing rules that require them to disclose financial ties.

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CSX Loses $4 Billion in Value After CEO Takes Medical Leave

CSX lost about $4 billion in market value after Chief Executive Hunter Harrison was placed on medical leave, a stark reversal for investors who had shrugged off concerns earlier this year about the health of the renowned railroad turnaround artist.

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P&G Concedes Proxy Fight, Adds Nelson Peltz to Its Board

Procter & Gamble Co. will add activist investor Nelson Peltz to its board, conceding defeat in one of the biggest and most expensive proxy battles ever fought.

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Fox Deal Adds Hulu to Disney's Arsenal in Attack on Netflix

Walt Disney’s plan to buy a large portion of 21st Century Fox’s assets would double its 30% stake in Hulu and help as it takes on rival Netflix.

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Lockheed Plans New Supersonic Business Jet

Lockheed Martin is planning a return to the passenger-aircraft business after a two-decade gap with a new supersonic plane.

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Can Adobe Keep the Clouds Away?

Software maker Adobe Systems’ solid performance should help as rising peer valuations will make investors pickier.

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SpaceX Successfully Launches Reused Booster for NASA, a First

Space Exploration Technologies successfully launched a refurbished cargo capsule atop a previously used rocket toward the international space station, a milestone following its launch of the first private spacecraft to Earth orbit and back seven years ago.

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Ryanair Recognizes Pilot Unions, Calls for Strikes to Be Canceled

Europe’s leading budget airline, Ryanair, said that it would recognize pilot unions, after weeks of tensions and the threat of strikes before Christmas.

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Trucking Industry Worries New Rule Could Raise Costs

A new rule requiring most big rigs to be equipped with electronic logs that record a driver’s time behind the wheel is triggering deep divisions in the trucking world and raising concerns that shipping goods could get more costly and complicated.

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H&M Shares Plunge as Pivot to Digital Falls Short

Shares in Hennes & Mauritz’s dropped more than 15% after the fashion retailer reported weaker-than-expected fourth-quarter sales.

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Fed's Quarles to Recuse Himself From Matters Involving Wells Fargo

Federal Reserve Vice Chairman for Supervision Randal Quarles will recuse himself from participating in matters specific to Wells Fargo & Co., “to avoid even the potential appearance of a conflict of interest,” the central bank said Friday.

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GOP Makes Change to Child Tax Credit in Bid to Satisfy Rubio

Republicans will make more of the child tax credit refundable in a last-minute concession to Sens. Marco Rubio and Mike Lee, potentially clearing one of the last big hurdles to passing the plan.

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U.S. Industrial Production Rose 0.2% in November

U.S. industrial production rose in November, boosted by a post-hurricane recovery in oil and gas extraction.

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NLRB Overturns Obama-Era Ruling on Jointly Employed Workers

The National Labor Relations Board overturned an Obama-era ruling that potentially made it easier for contractors and workers at franchised businesses to form unions and collectively bargain with big corporations

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Airbus Upheaval Triggers Search for New CEO

Airbus is hunting for a new chief executive to navigate it through a spell of heavy turbulence, with Europe’s largest plane maker facing investigations over alleged corruption and far-reaching departures among its senior ranks.

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New York Times Publisher Arthur Sulzberger Jr. to Retire

The New York Times announced publisher Arthur Sulzberger Jr. will retire at the end of the year and that his son, Arthur Gregg “A.G.” Sulzberger, will be appointed to the job.

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DHS Plans to End Work Eligibility for Spouses of H-1B Holders

The spouses of highly skilled foreign workers would no longer be able to work legally in the U.S. under a regulatory change proposed by the Trump administration Thursday.

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Property Data Firm Xceligent Files for Chapter 7 Protection

The board of Xceligent Inc., one of the largest commercial real-estate data firms in the U.S., has filed for chapter 7 liquidation following a year-long legal battle with rival CoStar Group Inc. over alleged data theft.

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Elliott Preps for Potential Fight With Hess, Seeking CEO Ouster

Elliott Management Corp. is preparing for a possible tussle with Hess Corp., hoping to either remove John B. Hess as chief executive or push him to consider selling all or part of the energy company.

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CSX Head Takes Medical Leave

The railway’s chief executive, Hunter Harrison, has taken a medical leave of absence due to unexpected complications from a recent illness.

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Your Passion for Fancy Vanilla Ice Cream Is Creating World-Wide Havoc

With the price skyrocketing, farmers in Madagascar, the industry’s epicenter, are sleeping in their fields, hiring guards; ‘there are many vanilla thieves here’

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Oracle Shares Fall on Cloud Forecast

Oracle Corp.’s stock sank after hours following news that the growth of its cloud-computing business in the current quarter would fall below expectations.

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Facebook Will Introduce Ads as Videos Start, a Move Long Resisted

Facebook is changing its video-ad strategy as frustrations from publishers mount over their inability to earn significant money from them. The social network will for the first time start testing ads that appear before certain videos begin playing.

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Teva Pharma to Cut 14,000 Jobs as Generic-Drug Business Suffers

Teva Pharmaceutical is cutting more than 25% of its workforce and suspending its dividend as it works to cut costs and pay down debt.

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Timing of Tax Vote Next Week Is Up in the Air

Republicans are weighing whether to adjust the timing of a pair of consequential tax-bill votes next week, according to House and Senate leaders, with John McCain hospitalized and Marco Rubio threatening to oppose the bill.

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Fed Should Improve Orientation for New Governors, Report Finds

The Federal Reserve could do a better job at showing the ropes to new members of its board of governors, the central bank’s Office of Inspector General said.

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U.S. Jobless Claims Fell Last Week

The number of Americans filing new applications for unemployment benefits fell last week, a sign the tight labor market is making firms reluctant to dismiss workers.

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U.S. Retail Sales Rose in November

Spending at stores, online-shopping websites and restaurants rose 0.8% in November from the prior month, the Commerce Department said Thursday.

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Disney Agrees to Buy Fox Assets in $52.4 Billion Deal

Walt Disney Co. said Thursday it would buy select assets of 21st Century Fox for $52.4 billion in stock.Disney’s acquisition includes the company’s Twentieth Century Fox film and television studio and its international and cable TV businesses.

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South Africa's Sibanye Doubles Down on Platinum With Lonmin Buy

Sibanye said it had agreed to buy London-listed miner Lonmin for $380 million, the latest in string of deals that have reshaped the South African company into the world’s No. 2 platinum producer.

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Sinclair-Tribune Deal Likely to Get Justice Department's Approval

The Justice Department has signaled it is willing to grant approval to Sinclair Broadcast Group Inc.’s planned takeover of Tribune Media Co., but it wants the companies to sell off roughly a dozen television stations.

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The Fed Isn't the Tax Cut's Enemy

Comments by Federal Reserve officials suggest they aren’t standing in the way of any boost that the Republicans’ $1.4 trillion tax cut delivers.

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Europe's Central Banks Still Cautious on Recovery

Central banks in Europe are expected to show continued caution about the region’s economic recovery, signaling that they are in no rush to follow the Federal Reserve in steadily raising interest rates.

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China's Central Bank Raises Market Rates Hours After Fed Move

The People’s Bank of China followed a U.S. interest-rate increase with one of its own to blunt the effect of the Federal Reserve move on the Chinese economy.

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China's Tech Startup Funding: The Wild West in the Far East

David Su’s Matrix Partners China has nurtured 20 unicorns—startups valued at $1 billion or more. But he’s anxious that there’s now too much capital chasing too few worthy ideas.

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A Christmastime Tax Cut for Some, a Lump of Coal for Others

Republicans plan to turn their tax overhaul into law next week, giving many businesses a cut while removing some benefits for others and adding to the nation’s budget deficit.

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Next Up for Westfield's Lowy Family: Blurring Retail Lines

Fresh off the announced sale of its shopping-mall empire in the U.S., the Lowy family is making a new bet on the future of retail: that the distinction between online and bricks-and-mortar shopping will disappear.

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MTA Awards $1.8 Billion Contract to Expand Long Island Rail Road

The Metropolitan Transportation Authority on Wednesday awarded a $1.8 billion contract to expand the Long Island Rail Road, even as its commissioners raised concerns costs.

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Business Insider Inc. Drops 'Business' From Its Name

In January, the company will begin doing business as Insider Inc., doubling down on its plan to create new coverage verticals on social media and elsewhere.

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Canada's CEOs Warn Government on Trade Policy

Canada’s most prominent business leaders are ‘deeply concerned’ by setbacks to diversify trade in Asia in the face of uncertainty over Nafta, according to a letter their lobbyist sent to Finance Minister Bill Morneau.

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FCC Readies Unwinding of Net Neutrality

The Federal Communications Commission on Thursday is set to roll back far-reaching rules governing how internet-service providers treat traffic on their networks, a move expected to empower cable and wireless providers and transform consumers’ online experience.

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Buying a Chromebook? Here's What You Need to Worry About

A parents guide to the pros and cons of Chromebooks, the hot-selling laptop your children might already use at school.

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From German Faucets to Italian Chocolate, Trade Barriers Are Rising Again in Europe

The rise of economic nationalism is clashing with the open-market ideals of the EU’s original founders. Member states, including France and some in the east, are introducing new rules to favor domestic production and labor.

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Target to Buy Grocery Delivery Startup Shipt for $550 Million

Target Corp. is paying $550 million to acquire grocery delivery startup Shipt Inc., moving to match services that have been rolled out by rivals Amazon.com Inc. and Wal-Mart Stores Inc.

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Judge Rejects Defamation Lawsuit Against Deadspin Owner

A judge has tossed Las Vegas oddsmaker R.J. Bell’s defamation lawsuit against web publisher Gizmodo Media Group LLC over a 2016 article on Deadspin.com but said litigation against the article’s author can move forward.

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AT&T Reaches Contract With Union

AT&T Inc. reached a tentative deal with the union representing more than 21,000 of its wireless-support and retail workers, ending a 10-month standoff over pay and work conditions.

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Disney Finalizing Pact to Acquire Assets from 21st Century Fox

Walt Disney Co. is finalizing a deal to acquire assets from 21st Century Fox, according to people familiar with the matter, who added that the deal values 21st Century Fox as a whole at around $40 a share.

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With Traffic Flowing, Netflix Steps Back from Fight Over Internet Rules

Netflix helped spark the debate over net neutrality three years ago by raising concerns about how its internet traffic was being handled. But as the U.S. government prepares to repeal the rules on Thursday, the video giant has been less vocal on a key issue.

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How Language in Job Listings Could Widen Silicon Valley's Gender Divide

Use of certain phrases like “whatever it takes” or “tackle” in job postings could affect who applies for tech jobs, possibly contributing to the lopsided gender makeup of the industry, new research suggests.

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T-Mobile to Launch Pay-TV Service

T-Mobile US Inc. is launching a paid television service after it acquired a startup aimed at the high-end video market.

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Nearly 5 Million Americans in Default on Student Loans

The number of Americans severely behind on payments on federal student loans reached 4.6 million in the third quarter, a doubling from four years ago, despite a historically long stretch of U.S. job creation and steady economic growth.

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Fed Raises Interest Rates, Sees Continued Path of Increases in 2018

The Federal Reserve said it would raise short-term interest rates for the third time this year and remained on track to chart a similar path next year, signaling continuity as the central bank enters a leadership reshuffle.

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House, Senate Republicans Reach Deal on Final Tax Bill

House and Senate Republicans on Wednesday reached an agreement on the final version of a tax bill that would lower the top individual rate to 37% and set a corporate rate of 21%, while eliminating the corporate alternative minimum tax.

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Bitcoin: Electrifying Investment, Lousy Currency

It’s too soon to know whether bitcoin is a bubble ready to burst, but not too soon to conclude that it has failed in its mission to be a viable alternative to sovereign currencies like the dollar, Greg Ip writes.

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U.S. Economic Expansion Could Become Longest on Record

Forecasters are increasingly optimistic the U.S. economic expansion could continue beyond the 2020 presidential election, aided by Republican tax legislation that is expected to lift growth.

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Talkaholics Sink Partnerships, Presentations---and Careers

Executives who talk too much get into trouble during job hunts, board presentations, customer pitches and networking events. The common but correctable habit often communicates poor preparation, an overblown ego or low confidence, executive recruiters and coaches say.

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Racy Virtual-Reality Assistant Pulled After Questions Raised

A Chinese tech company pulled offline a virtual-reality avatar depicted as a flirtatious secretary in revealing clothes, hours after The Wall Street Journal asked whether such depictions encourage a view of women as sexual objects in the workplace.

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Economists See Three Fed Rate Rises Next Year, Lower Unemployment

Private economists expect the Federal Reserve to raise interest rates after its meeting Wednesday and then lift them three times in 2018 and twice in 2019, amid a strengthening economy and a falling unemployment rate.

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U.S. Consumer Prices Rose 0.4% in November

U.S. consumer prices rose in November, propelled by a rise in energy prices, while underlying inflation pressures showed signs of moderation.

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U.S., Japan Express Concern Over China's Interest in Saudi Oil Giant

The U.S. and Japan have urged Saudi Arabia to pursue an international listing for oil giant Aramco, fearing the possible sale of a stake to China would give Beijing too much sway in the Middle East.

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Google Seeks Path Back to China With AI Lab

Search giant Google opened an artificial-intelligence lab in Beijing in a bid to attract China’s tech prodigies and strengthen its standing in the restrictive market.

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Toyota Sees Half of Sales Coming From Hybrids, EVs

Toyota’s president became the latest auto chief to offer ambitious targets for hybrid and electric vehicles, saying the category would make up half of Toyota’s global sales by 2030.

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Ousting an Accused Harasser Wasn't Enough. Ad Agency Staff Wanted to Know Why

Shortly after Interpublic Group’s Martin Agency pushed out one of advertising’s star creative executives, employees demanded a full accounting of why—and unleashed more allegations of sexual harassment.

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Will Regulators Penalize Fox-Disney Deal Over Sports?

With viewers turning to streaming video, sports has come to dominate traditional TV. That’s one reason behind a potential 21st Century Fox--Disney deal. And it’s one reason why regulators could frown on such an agreement.

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Zara's Shrinking Profit Margins Expose a Fashion Behemoth

Shrinking profit margins at the parent company of Zara has exposed a rare weakness in the armor of a fashion behemoth that has largely resisted the headwinds currently battering the industry.

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Apple Invests in Face ID Tech Maker Finisar

Apple is awarding one of its key suppliers $390 million as part of its effort to fund domestic technology manufacturers.

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GOP Bridging Divide in House, Senate Tax Plans

Republicans reconciling House and Senate tax bills say they are narrowing their differences, putting a $1.4 trillion tax cut on track to be unveiled by Friday and passed by both chambers next week.

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Republican House Spending Plan Gets Cool Reception in Senate

Senators from both parties poured cold water Tuesday on a House Republican plan that would fund the military through September while keeping the rest of the government running only into January.

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Federal Reserve Expected to Raise Rates

The Federal Reserve is likely to raise short-term interest rates after its policy meeting concludes Wednesday, the fifth such increase since the Fed began raising rates from near zero two years ago.

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U.S. Ran $139 Billion Deficit In November

The federal budget deficit widened slightly in November as government spending exceeded tax collections, the Treasury Department said.

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Electronic Arts Needs the Force to Awaken Again

Walt Disney isn’t the only company with a lot riding on the new Star Wars movie this week. Electronic Arts could really use a boost from the Force.

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Net Neutrality: A Case Study With JetBlue and Amazon

On a JetBlue flight, you might notice something that looks like a net-neutrality boogeyman: prioritization of Amazon videos over other services on the airline’s in-flight Wi-Fi network. It isn’t a violation of net neutrality but it helps explain why some fear lifting such rules will harm the internet, and why others aren’t worried at all.

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Electric-Vehicle Boom Is a Boon for Coal King Glencore

Glencore, long known as one of the world’s dominant coal traders, in a twist is finding itself the beneficiary of the greening of the global economy.

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Toshiba, Western Digital Make Peace

Toshiba and Western Digital said they agreed to settle a dispute over the Japanese company’s planned sale of its memory-chip unit.

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Facebook to Give Countries a Chance to Tax Its Profits From Local Ads

Facebook plans to book more revenue in the countries where it sells ads, becoming the latest tech company to bow to pressure from nations to simplify its tax structure and potentially pay more income tax overseas.

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Sears Extends Debt, Eyes New Borrowing

Sears Holdings extended the terms of a $400 million loan while announcing a new planned borrowing to cover pension contributions

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Nintendo Looks for Help to Raise Its Smartphone Game

Nintendo is looking to expand tie-ups with software developers to strengthen its smartphone-game lineup after an early alliance aimed at cracking the mobile market fell behind schedule, people familiar with the matter said.

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Vibrant Holiday Sales Spur Late-Season Surge in Imports

Stronger-than-expected holiday sales have spurred a late-season surge in imports, as retailers restock their warehouses to keep up with e-commerce demand.

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Unibail Who? The French Mall Owner Is Buying Westfield for $15.7 Billion

Even in its home market of France, Unibail-Rodamco isn’t a well-known corporate name. But if it consummates a deal with Westfield, it will be the world’s second-largest mall operator by market capitalization.

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Government Cleans House at Audit Regulator

Five new board members were appointed to oversee the Public Company Accounting Oversight Board, a regulator of auditors who examine the books of publicly traded companies.

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20% vs. 22%: The Tension Over Two Points in the Corporate Tax Rate

As House and Senate lawmakers continue hashing out differences between their tax-overhaul bills, some are pushing a less-drastic cut in the corporate tax rate to find money for a variety of interests.

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U.S. Producer Prices Rose Robustly in November

A gauge of U.S. business prices rose in November, pointing to emerging inflation pressure in the economy.

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A Late 2017 Tax Plan Could Spell Trouble for Your 2018 Paycheck

The largest payroll group in America is raising a big concern about the new tax plan: There simply isn’t enough time to figure out withholding for 2018.

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How North Korea's Global Financing Web Works Around Sanctions

Researchers have identified a number of business transactions that they say show North Korea’s international financing web is more sophisticated than what was previously known.

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Forties Pipeline System Carrying Brent Crude to Be Shut for Weeks

One of Europe’s most important oil pipeline systems will be shut down for a “matter of weeks,” said owner Ineos, sending a jolt into international oil prices as traders contemplated the loss of some North Sea oil supplies.

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GE Probed Who Knew About Spare Jet for Immelt

General Electric Co. recently conducted an internal review into the flying of a spare business jet to accompany former Chief Executive Jeff Immelt, as it seeks to understand an unusual practice that went on for years and surprised investors when they learned of it in October.

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NFL Network Suspends Three Former Players After Sexual-Harassment Allegations

The NFL Network has suspended three members of its on-air team—Marshall Faulk, Ike Taylor and Heath Evans—in response to allegations of sexual harassment made in a lawsuit by a former employee.

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Saudi Aramco Ramps Up Spending to Over $40 Billion a Year

Saudi Arabian Oil Co. unveiled a plan to invest more than $40 billion a year in projects over the next decade, a significant expansion for the world’s largest energy company ahead of its expected public listing next year.

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Google, Others Take Uneven Approach to Policing Extremist Content

The immigrant who tried to set off a bomb strapped to his body in one of New York City’s busiest transit hubs Monday morning downloaded information from the internet on how to build such a device, according to New York Gov. Andrew Cuomo.

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Samsung Heavy Industries Replaces CEO After Warning of Losses

Samsung Heavy Industries, the world’s third-largest shipyard by capacity, replaced its chief executive after warning of heavy losses that wiped away nearly a third of its market value.

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Unemployment Back to Precrisis Level in Rich Countries

The rate of unemployment across the world’s developed economies finally returned to its pre-crisis level in October, according to the Organization for Economic Cooperation and Development.

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Comcast No Longer Reviewing Deal For 21st Century Fox Assets

Comcast Corp. said it is no longer pursuing a deal to acquire several key media and entertainment assets from 21st Century Fox.

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Atos Offering $5 Billion for Gemalto

French IT services firm Atos SA is making an unsolicited bid to buy smart-card maker Gemalto NV, part of a broader wave of deals in the payment space as rivals join forces to cut costs.

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Apple Acquires Shazam and Its Song-Recognition App

Apple has acquired Shazam Entertainment, giving it one of the popular song-recognition apps at a time the iPhone maker is looking to boost its music-subscription service.

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Beijing Develops Plan to Counter Trump Tax Plan

Chinese officials are putting in place a contingency plan to combat consequences for China of U.S. tax changes as well as expected interest-rate increases by the Federal Reserve.

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European Finance Chiefs Hit Out at U.S. Tax Plans

Europe’s five largest economies warned the U.S. its planned corporate tax reform could violate the country’s double-taxation treaties and breach world trade rules.

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Conference Board's Employment Index Fell in November

After a strong increase in October, an index that measures U.S. employment fell in November.

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Treasury Says GOP Economic Agenda Would Pay for Tax Cuts

Treasury Department said the Republican economic agenda would generate enough economic growth to pay for the tax cuts being considered by Congress, using growth assumptions exceeding the official congressional estimates.

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Mobile-Wireless Market Might Be Our Post Net-Neutrality World

With rules governing internet services set to be rolled back, service providers and their detractors are envisioning new models that could translate into a wider range of fees—both lower and higher.

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Retailers Help Shoppers Do the Markdown Math

Department stores and other retailers have a gift or two for discount-weary holiday shoppers: they have been scaling back overlapping promotions and making price reductions easier for customers to understand.

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In New NFL Deal, Verizon Trades Mobile Exclusivity for Rights on Yahoo

Verizon Communications will no longer have the exclusive mobile rights to distribute the games to its wireless customers, but the $2 billion deal will expand the partnership to Verizon-owned platforms like Yahoo Sports.

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Carl Icahn to Nominate Four Directors to Xerox's Board

Xerox said Monday that former Icahn Capital Managing Director Jonathan Christodoro resigned from its board so that activist investor Carl Icahn’s organization could nominate four directors at Xerox’s annual shareholder meeting in 2018.

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SoftBank to Invest More in OneWeb

Japan’s SoftBank Group has agreed to invest roughly $500 million more in satellite broadband provider OneWeb, according to a person familiar with the details.

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Ex-Gawker Employees Launch Crowdfunding Drive to Buy Website

Former employees of Gawker.com’s defunct publisher are raising money through a new crowdfunding campaign in a bid to purchase the blog out of bankruptcy and relaunch the website.

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Steinhoff Adds Advisers After Accounting Irregularities

Steinhoff has appointed PwC to investigate accounting issues while other advisers will help to deal with lenders and assist with management.

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The Secret to Getting Workers to Save More for Retirement

If we make it easy for people to do the right thing, more of them will do the right thing, say Richard Thaler and Shlomo Benartzi.

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Risks From The WTO's New Power Vacuum

The world trading system confronts a new power vacuum, with out-of-date rules and no driving force spearheading any effort to update them.

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EU Officials Warn of Risk to Global Trade

European Union officials said the U.S. is threatening to cripple global commerce by undermining the World Trade Organization, ahead of a gathering of officials from 164 countries on Sunday in Buenos Aires.

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