Monday, December 31, 2018

Huawei Rivals Nokia and Ericsson Struggle to Capitalize on U.S. Scrutiny

U.S.-led efforts to curb Huawei should have been good news for telecom-equipment makers Nokia and Ericsson—but things haven’t turned out to be so simple.

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'Stop Robocalling Me!'; 'I Didn't!'

Americans’ growing battle against illegal robocallers has reached a boiling point, with victims of one form of phone-related malfeasance now lashing out at those impacted by a different form: phone-number spoofing.

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Counterdrone Technologies Face Slow Ramp-Up at Airports Globally

Despite world-wide concerns about unmanned aircraft buzzing around airports, suppliers of commercial drone-detection equipment generally have been looking elsewhere for sales.

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Miners Cut Back in Largest U.S. Coal Region

Miners in the Powder River Basin of Wyoming and Montana are leaving more of the fossil fuel in the ground as prices fall for alternatives including natural gas.

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U.S. Indexes Close With 2018 Losses

U.S. stocks rose on the final trading day of 2018, although punishing losses from recent months pushed major indexes to their steepest one-year decline since 2008.

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Democrats Aim to End Shutdown by Carving Out Wall Fight

House Democrats will try to reopen the government when they take control of the chamber with a spending package aimed at isolating the fight over border-wall funding.

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Mulvaney's Motto in the White House: 'Quiet Competence'

As President Trump’s acting chief of staff, Mick Mulvaney plans a different approach from his predecessor, John Kelly.

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Activision Blizzard Puts Financial Chief on Paid Leave, Intends to Fire Him

Activision Blizzard put its chief financial officer on paid leave and intends to fire him, the company said in a securities filing.

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Amazon, to Win in Booming Rural India, Reinvents Itself

The retailer is targeting hundreds of millions of new online shoppers in India’s countryside by simplifying its order screen with Hindi and videos, opening stores to help people shop and adding a fleet of local deliverymen who can take payments.

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Listen Up, This Podcast Will Just Take a Minute

Overwhelmed by the choices, some listeners are loading up podcasts that don’t last much longer than a commercial break.

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Sunday, December 30, 2018

Amazon Plans to Add Whole Foods Stores

Amazon.com is planning to build and expand Whole Foods stores across the U.S. to put more customers within range of the e-commerce giant’s two-hour delivery service.

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Carlos Ghosn Can Be Held in Jail Until Jan. 11, Tokyo Court Says

Former Nissan Motor Chairman Carlos Ghosn can be held in jail without the possibility of bail until Jan. 11, lengthening a detention that has gone on for a month and a half.

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Tribune Publishing Fights Cyberattack, Resumes On-Time Deliveries

Newspapers printed by Tribune Publishing were delivered on time across the U.S. on Sunday, a day after a cyberattack against the publisher hobbled the distribution of some of the nation’s biggest titles.

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Tech That Will Change Your Life in 2019

An annual roundup of the technology that will affect your life in the year ahead: Mobile 5G will finally making its U.S. debut, there will be more reasons than ever to cut the cord, and of course Harry Potter, who will unite wizards and teach us the true meaning of augmented reality.

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Auto Sellers Try Out Amazon-Style Ordering

More car dealers, as well as startups, are offering direct sales through their websites, as consumers become more comfortable buying big-ticket items online.

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U.S. Presses China on Trade Proposals

The U.S. is urging Beijing to fill in the details of a slew of trade and investment proposals Chinese officials have made recently, as the two sides try to resolve a trade battle that has rocked global markets.

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'Aquaman' Continues Box-Office Reign as 'Vice' Sputters

The DC Comics superhero once again topped the box office, collecting an estimated $51.6 million in the U.S. and Canada this weekend.

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Not Just NIMBYism: Amazon's HQ2 Opponents Dig In for Long Fight

Some cities would have thrown a parade. But in New York City Amazon’s plan to develop a campus in Queens is facing a lengthy conflict ahead.

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Looking for an Alternative to College? U.S. Studies German Apprenticeships

Birmingham, Ala., where youth unemployment remains high, is seeking German companies to bring job apprenticeship programs to the U.S. as an alternative to a four-year college education.

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Saturday, December 29, 2018

Retraining Programs Fall Short for Some Workers

The goal of retraining programs was to help displaced workers gain skills in new industries. But multiple studies have shown that many workers leave the program earning less than they did at their old jobs.

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Retail Report Card for 2018: From Walmart to Tiffany's

Chains that invested to improve stores and boost their e-commerce businesses were rewarded in 2018 as a surging economy lifted consumer confidence and spending.

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A Trump-Powell Meeting: Chance of Rapprochement Fraught With Risks

White House officials are trying to arrange a meeting between President Trump and Federal Reserve Chairman Jerome Powell, but a sit-down could pose serious risks to the Fed’s perceived independence.

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Friday, December 28, 2018

Tesla Adds Ellison, Musk's 'Close Friend,' to Board

Tesla named two new independent directors including Oracle’s Larry Ellison, a public booster of Tesla CEO Elon Musk, as the board has been under pressure to increase oversight of its outspoken founder.

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Toy Sellers Fall Short Without Toys 'R' Us in Critical Season

Despite vigorous efforts to court customers who would otherwise have shopped at the shuttered retailer, the toy industry appears to have largely missed out on the holiday spending spree during that critical time of year.

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Dell Returns to Public Stock Markets

Dell Technologies made its re-entry to the public markets, five years after its eponymous founder and a big private-equity firm took it private in the biggest-ever technology leveraged buyout.

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The Last 747: Airlines Dump the Jumbo Jet, Transforming International Travel

Smaller, ultraefficient long-range airliners are overtaking the once celebrated giant of the sky. It is a mixed blessing for passengers, who can pick from more direct flights, but often end up in crammed planes offering fewer perks.

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Chinese Gene-Editing Trial Loses Track of Patients, Alarming Technology's Inventors

A gene-editing trial in China lost touch with cancer patients whose DNA was altered, alarming some Western scientists who say subjects should be monitored for many years.

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Teachers Quit Jobs at Record Rate

Teachers and other public education employees—such as community-college faculty, school psychologists and janitors—are quitting their jobs at the fastest rate on record, government data show.

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U.S. Economy Fuels Boom in Consumer Debt

Americans are carrying more consumer debt than ever before but so far don’t seem to be having much trouble managing it.

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Pending Home Sales Fell in November

The number of U.S. existing homes going under contract declined in November, signaling home sales may remain in a slump in the coming months.

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Hospitals Win Drug-Subsidy Case

A federal judge has blocked the federal government from cutting drug subsidies to certain hospitals, a decision that could restore hundreds of millions of dollars in lost payments.

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North Korea Built an Alternative Financial System Using a Shadowy Network of Traders

The Kim Jong Un regime moves millions of dollars around the world despite sanctions and pressure on international banks to curtail its activities. The hidden system is central to the country’s efforts to keep its economy afloat.

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Edward Lampert Makes Last-Minute Bid to Save Sears

Edward Lampert’s ESL Investments moved forward with an offer to save Sears stores on Friday, but the retailer’s survival isn’t guaranteed.

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Remember Priceline? After a Comeback and a Name Change, It's Betting Big on China

Renamed Booking, the company has made a spectacular comeback since the dot-com bust. Now, it is investing heavily in Chinese travel startups.

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Swamped With Inventory, U.S. Companies Turn to 'Mobile Storage'

U.S. companies are so inundated with inventory that some are renting truck trailers to use for storage space until a distribution backlog is cleared.

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A $150,000 Small Business Loan---From an App

Square and other tech firms are jumping into banking, using their vast troves of data to determine creditworthiness.

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FCC Probes Nationwide CenturyLink Outage, Cites 911 Service Disruption

The Federal Communications Commission is investigating what its chairman called a “completely unacceptable” nationwide service outage at telecommunications company CenturyLink, which disrupted 911 call operations and temporarily shut down businesses and government facilities.

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Your Cash Is No Good Here. Literally.

As more retailers—including Drybar and Sweetgreen—ban paper money, it’s making things awkward for customers without plastic.

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Thursday, December 27, 2018

Ghosn Investigators Focus on Ties to Saudi Businessman

The latest investigation by Tokyo prosecutors into Nissan Motor’s Carlos Ghosn centers on his relationship with a Saudi Arabian businessman, Khaled Al Juffali, who runs part of Nissan’s Middle East business.

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In Booming Oil Field, Natural Gas Can Be Free

American energy companies have spent billions of dollars in the past decade exploring for natural gas. But in parts of Texas and New Mexico, there is now so much of it that it is sometimes worthless.

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McDonald's Bets on Breakfast---Again

McDonald’s is adding meatier sandwiches and $1 sandwiches to its breakfast menu, focusing on mornings to address a softening in U.S. sales and rivals’ new breakfast offerings.

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The Hidden System That Explains How Your Doctor Makes Referrals

More primary-care doctors work directly for hospitals, and they are being pushed to keep lucrative referrals for specialists, surgeries and MRIs in-house. That can mean a smaller pool of potential doctors to see and higher out-of-pocket costs.

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A Chill From Beijing Buffets China's Tech Sector

After years of thriving under Beijing’s relatively light hand, China’s fast-growing technology sector is facing an unfamiliar situation: stepped-up government scrutiny.

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U.S. Consumer Confidence Fades in December

The Conference Board’s consumer confidence index for American households fell in December, weighed down by weaker expectations for economic growth and heightened market volatility.

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U.S. Jobless Claims Fell Last Week

The number of U.S. workers filing applications for jobless benefits ticked down last week, a sign that the volatility plunge in stock markets is having little effect on employment.

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Markets Are Already Volatile. A Long Shutdown Could Make It Worse.

A short government shutdown will likely have little impact on the overall U.S. economy, but a protracted budget fight during a time of heightened market volatility could worsen an already murky outlook.

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Partial Government Shutdown Likely to Stretch Into January

Lawmakers and the White House made no progress toward a deal to end the partial federal government shutdown.

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Sen. Johnny Isakson Called FBI on Behalf of MiMedx Group

Sen. Johnny Isakson called the FBI in 2017 to follow up on a complaint lodged by the founder of biomedical company MiMedx Group against an investor who criticized the company and its founder.

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Beleaguered JD.com Plans Revamp

Chinese e-commerce giant JD.com is revamping operations in what analysts said is a bid to calm investors about the company’s plunging stock price and heavy reliance on its founder, who won’t face sex-assault charges in the U.S.

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There's a Better Way to Pick MVPs

Sometimes the best leader is a backup player. Introducing the 2018 Captain Class Award for Leadership in Sports

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Q&A: Can Trump Remove Powell as Fed Chairman?

President Trump’s criticisms of recent Fed moves and the suggestion he might remove Jerome Powell as Fed Chairman has prompted questions about a president’s power to fire certain government officials.

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Commerce Department Won't Publish Data During Shutdown

The economic data produced by the Commerce Department’s Census Bureau and Bureau of Economic Analysis won’t be released during the government shutdown, a spokeswoman said Wednesday.

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To Beat the Trade War, Companies Get Creative Breaking the Rules

As companies moving goods from China to the U.S. face heftier tariffs, some have developed creative techniques to avoid paying them. The WSJ’s Steven Russolillo takes to the field to explain how some businesses sidestep import duties.

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From Tardy to On Time: Spirit Airlines Tries to Shed Old Image

Spirit was on time more often than any other U.S. airline in October, according to the latest available data.

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Former AmEx Boss Chenault Leaving IBM, P&G Boards

Kenneth Chenault, the former chairman and chief executive of American Express Co., is stepping down next year from his board roles at International Business Machines Corp. and Procter & Gamble Co.

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Wednesday, December 26, 2018

'Black Panther,' 'Avengers' Top Record 2018 Box Office

“Black Panther” and other Disney superheroes powered Hollywood to a record year at the box office, which is expected to finish 2018 with ticket sales up about 6% from last year’s returns.

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Blue Apron Links With Dieters in Comeback Effort

Blue Apron Holdings, the meal-kit pioneer, has entered a partnership with WW, formerly known as Weight Watchers, giving it potential access to millions of customers interested in healthy eating.

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Miners Say They Dig Artificial Intelligence but the Gold Rush Hasn't Come

Artificial intelligence hasn’t taken off in the mining sector, which spends less on research and development in general than do other industries such as oil and gas.

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China's JD.com Plans $1 Billion Share Buyback

Chinese e-commerce giant JD.com announced a $1 billion share buyback program in a bid to lift stock prices weighed down by concerns about China’s economy and potential criminal charges against the company’s CEO.

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Trump Didn't Kill the Global Trade System. He Split It in Two.

Allies for the most part are operating under a tweaked status quo that survived the president’s new trade restrictions. Relations with China, by contrast, have grown steadily more adversarial as the U.S. seeks to set back the clock. Meanwhile, the U.S. trade deficit keeps widening.

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Trump's Volatility Adds to Stock-Market Selling Pressure

Critics of the Federal Reserve may be right that its monetary policy is too tight amid signs of an economic slowdown. But the president’s approach of attacks on the Fed is likely to just make the markets worse.

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Powell Is '100% Safe' at Fed, Trump Economic Adviser Says

Kevin Hassett, chairman of the White House Council of Economic Advisers, said Fed chief Jerome Powell is in no danger of being fired, the latest official to try to quell anxiety that the president might remove him.

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Home-Price Growth Kept Pace in October

Growth in home prices remained steady in October, the latest sign that conditions are becoming more favorable for buyers.

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Trump Says Mexico Will Pay for the Wall But Some Trade Experts Aren't Convinced

President Trump says Mexico will fund a border wall through the replacement Nafta trade pact, but some experts aren’t convinced there are practicable ways to make that happen.

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U.S. Farmers Fear Lucrative Japanese Exports Will Wither

After seeing exports to China tumble, U.S. farmers and ranchers are bracing for more losses in their next-biggest Asian market: Japan. New trade pacts with Pacific and European countries will cut Japanese tariffs and ease quotas on products sold by some of American agriculture’s biggest competitors.

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Toys 'R' Us Stores Are Selling Fast

The retailer has closed around 800 stores this year, and many of the closed properties have become hot commodities on the open market.

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Tuesday, December 25, 2018

U.S. Holiday Retail Sales Are Strongest in Years

Shoppers delivered the strongest holiday sales increase for U.S. retailers in six years, according to early data.

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How Tariffs Could Trickle Down to Your Kitchen Remodel

Tariffs are having an impact in kitchens across the U.S. Just about every material you’d need to remodel a kitchen is now subject to the earlier round of tariffs.

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China's Car Slump Leaves Foreign Auto Makers With Idle Factories

A downturn in China’s car market has wrong-footed some of the world’s biggest auto makers, saddling them with factories they no longer need and that are costly to retool.

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How Huawei Took Over the World

Founded in 1987 by former Chinese army engineer Ren Zhengfei, Huawei is now the world’s largest supplier of telecom equipment and the No. 2 maker of mobile phones.

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Nissan's Greg Kelly Released From Tokyo Jail on Bail

Former Nissan Motor representative director Greg Kelly was released on bail, breaking Japanese prosecutors’ monthlong hold over one of the defendants in their case against former Nissan Chairman Carlos Ghosn.

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Maintenance Lapse Is Flagged as Initial Problem Leading to Lion Air Crash

Investigators of the Lion Air crash in October believe the improper calibration of an airspeed sensor during maintenance touched off the sequence of events that led to the jetliner’s deadly plunge into the Java Sea.

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Monday, December 24, 2018

Huawei Had a Deal to Give Washington Redskins Fans Free Wi-Fi, Until the Government Stepped In

Huawei Technologies scored when it signed a 2014 deal to provide Wi-Fi to Washington Redskins fans with seats in the suites at FedEx Field; the deal lasted seven weeks.

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Department Store of the Future Gets a Radical Makeover

As traditional department stores have been losing share to discounters, fast-fashion retailers and off-price chains for decades, several upstarts are taking a stab at breathing new life into the model.

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How China Built a Steel Behemoth and Convulsed World Trade

A four-decade drive, driven by global demand and supported by government subsidies, cheap loans and tax breaks, helped bring China out of poverty. It also upended industries around the world and helped spark trade tensions with the U.S.

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Four New Voters to Join Fed's Key Panel Amid Rate-Increase Uncertainty

Four veteran Federal Reserve officials—most of whom have signaled support for more interest-rate increases—will step into the limelight in 2019 as they become voters on the central bank’s rate-setting committee.

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Trump Says the Fed Is 'the Only Problem Our Economy Has'

President Trump criticized the Federal Reserve, calling the central bank the “only problem our economy has” and likening its policies to a golfer who can’t putt.

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Shutdown Continues as Trump Pushes for Border-Wall Funding

The impasse over government spending continued, with President Trump insisting that funds for border security are wasted if a border wall isn’t included in the package.

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CUNY Coders Hope to Fill Amazon's Queens Headquarters

New York City’s public university system graduates thousands of students with tech degrees each year and officials tout their abilities to fill Amazon’s talent pipeline.

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On-Demand Warehouse Space Gains Traction in Tight Real-Estate Market

Some big retailers are looking to become as flexible as short-term apartment renters when it comes to managing warehouses.

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Let the Good Times…Stay a Little Longer?

The year 2018 will go down as one of the best in a nine-year U.S. economic expansion but trouble could lie ahead, as real-estate and financial markets flash warning signs and U.S.-China trade tensions simmer.

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Canada Cools Its Housing Market---but Frustrates Home Buyers

Canadian regulators have worked to tame some of the most overheated housing markets in the developed world with tougher rules for new borrowers, higher mortgage rates and new taxes for home buyers. But the moves have also shut prospective homeowners out of the market.

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Akzo Nobel Spinoff Nouryon Seeks Price Rises to Offset Higher Raw Material Costs

Dutch chemicals company Nouryon plans to continue raising prices, boost productivity and increase production capacity in preparation for a potential stock-market listing.

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Sunday, December 23, 2018

Retailers Wrapping Up Holidays With Cheer

Stores have met the lofty sales expectations set by analysts, showing that many chains continue to reap the benefits of a strong U.S. economy and rising consumer confidence. Delivery companies have also held up so far during the holiday season.

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Evan Spiegel's Imperious Style Made Snapchat a Success---Until Users Fled

Snap, which was once seen as a viable competitor to Facebook, is struggling after the CEO ignored warnings about a redesign that proved unpopular. With usership and the share price falling, analysts and employees are raising questions about whether his trust-your-gut management instincts can help pull the company through.

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Nissan CEO Says Board Majority Rejected Renault Request for Shareholder Meeting

Nissan Motor Co. Chief Executive Hiroto Saikawa said a majority of Nissan’s board supported the company’s refusal to call a snap shareholder meeting in response to the indictment of former Chairman Carlos Ghosn on charges of financial misconduct.

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Sears Workers' Chaotic, Heartbreaking Last Christmas

This is the last Christmas at Sears for thousands of workers across the country after the company filed for bankruptcy protection. For many, it is a season tinged with nostalgia, bitterness, uncertainty and stress.

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Facebook's Lonely Conservative Takes on a Power Position

Joel Kaplan, a former White House aide to a Republican president, has emerged as Facebook’s protector against allegations of political bias—and thus one of its most powerful and controversial executives.

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Trump's Advisers Seek to Assure Investors He Won't Fire Fed Chair

White House advisers say President Trump doesn’t have the authority to remove Federal Reserve Chairman Jerome Powell for raising interest rates, aiming to quell speculation the president’s anger over monetary policy might lead to a confrontation that could jar volatile financial markets.

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In the Stock Market, It's a Dog-Eat-Dow World

In the last three months of the year, stock prices have gone to the dogs. The Dogs of the Dow, that is.

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Once Hot Housing Market Likely to Cool Further in 2019

A long rally in the housing market stumbled in 2018 and looks poised to slow further, another headwind for a U.S. economic expansion already contending with choppy financial markets and global trade tensions.

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Trump Administration Warns Shutdown Could Last Into January

The Trump administration warned that the partial government shutdown could stretch into January, squeezing furloughed workers and shifting a high-stakes spending fight into a new Congress.

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'Aquaman' Tops Start of Hollywood's Busiest Movie Week

Hollywood woke up to some big-ticket presents—and a few lumps of coal—at the holiday box office this weekend.

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Saturday, December 22, 2018

What Amazon Isn't Telling Investors About Its Revenue

The Securities and Exchange Commission is pushing Amazon.com and other companies to disclose more about their sources of revenue; some companies are pushing back.

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JD.com Founder Isn't Charged With Rape But Faces Backlash at Home

While U.S. prosecutors declined to charge Liu Qiangdong after a sexual-assault investigation, the Chinese e-commerce billionaire faced biting criticism in China’s court of public opinion.

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Climate Change Drives Fish Into New Waters, Remaking an Industry

The catch is shifting northward as water temperatures rise, forcing crews to retool their boats and rework their businesses. Pollock is retreating from Alaska while black sea bass throng around Rhode Island.

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Trump Won't Try to Fire Fed Chairman, Treasury Secretary Says

President Trump hasn’t suggested firing Federal Reserve Chairman Jerome Powell and doesn’t believe he has the authority to do so, Treasury Secretary Steven Mnuchin said.

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U.S. R&D Agenda Needs a Shake-Up, Scientists Say

Worries about competition from China have prompted tariffs and investment restrictions, but the U.S. needs better coordination of technology projects across the government, according to experts.

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Shutdown to Stretch Into Next Week as Senate Adjourns Without a Deal

Negotiations to reopen the government made little headway Saturday, and the Senate adjourned until Thursday, leaving the government likely to remain partially shut down well into next week.

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One Year Later, Benefits From Corporate Tax Cut Seem Muted

Twelve months after Congress cut business tax rates and sped up deductions to set off a capital spending boom, the results are proving modest at best.

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CEO Behind Tinder, OkCupid on the Future of Online Dating

Match Group chief Mandy Ginsberg talks about her first year on the job, the Facebook threat and tackling loneliness through technology.

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Got Junk? Self-Storage Investors Hope So

Analysts and investors are worried that the self-storage industry has attracted so much investment during a yearslong bull run that America’s for-rent storage space may be outpacing the volume of country’s excess belongings

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'Just Unbearable.' Booming Job Market Can't Fill the Retirement Shortfall

Even though the official unemployment rate is just 3% for older workers, the actual jobs environment is surprisingly bleak. Nearly 8 million older Americans are out of work or stuck in low-quality jobs that offer little opportunity to prepare for retirement or fix paltry savings.

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Why Your Next Home Might Not Need Any Energy at All

A bevy of new technologies, construction techniques and a movement to make buildings more livable and efficient have led to a tipping point in how new buildings use energy—or don’t. Columnist Christopher Mims explores.

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Friday, December 21, 2018

Gatwick Resumes Flights Once Again After Drone Scare

The airport late Friday again suffered a shutdown because of another drone sighting but was able to quickly resume flights, as one of Europe’s biggest airports made a fitful recovery from Thursday’s full-day closure.

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Gatwick Incident Raises Questions Over Race to Commercialize Drones

The quick development of pilotless aircraft has captivated throngs of industry executives with its possibilities, promising services like drone-based package delivery, rescue drones and drone taxi services. But that promise has been overshadowed at times by incidents like the one this week at Gatwick Airport.

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How Fortnite Triggered an Unwinnable War Between Parents and Their Boys

In less than 18 months, the last-man-standing videogame has grabbed onto American boyhood, pushing aside other pastimes and hobbies in a way few can resist. As games get smarter, and questions about screentime more urgent, parents feel outmatched.

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JD.com Founder Liu Won't Face Charges in Sexual Assault Case

Minneapolis authorities have decided not to charge Chinese billionaire Liu Qiangdong in a sexual-misconduct case, bringing to a close a turbulent period for the founder of e-commerce site JD.com since he was accused of rape in late August.

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Consumers on Firm Footing, Businesses Wary as 2019 Nears

The U.S. economy struck mixed chords as it rounded out the year, with consumer confidence high and households spending robustly but manufacturers pulling back as the global economy cools.

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U.S. Third-Quarter GDP Growth Revised Down to 3.4%

The pace of U.S. economic output growth was revised down slightly to a still-solid rate in the third quarter, but the momentum could be difficult to maintain in the year’s final three months.

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Government Shuts Down Over Border Wall Funding

The U.S. government partially shut down early Saturday after lawmakers failed to reach a spending deal that centered on whether to fund construction of a wall along the U.S.-Mexico border.

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U.S. Grants Iraq Sanctions Relief in Bid to Boost Business Deals

The Trump administration has given Iraq permission to buy Iranian natural gas without penalty for at least three more months, after pledges from Baghdad to buy American oil and energy technology.

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U.S. Details Plan to Lower Japanese Trade Barriers

The Trump administration laid out its objectives in coming trade talks with Japan, aiming to carve out a deal ensuring greater access for a broad range of American products from autos to agriculture.

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Shoppers Find Out How Much They Miss Toys 'R' Us

The void left by Toys “R” Us hit shoppers hardest this week, as they hunt for hot gifts during the year’s busiest days for toy sales and retailers scramble to keep shelves stocked.

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Weaving Magic Unravels in Woolrich, Pa.

After decades of losses, a mill closes and a storied brand ceases to be “Made in America.” How the operations of one American manufacturer unraveled.

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How to Govern the Unicorns

With billion-dollar startups from Uber to Airbnb likely to go public in 2019, experts debate how—and whether—we should regulate the smartest guys in the room, writes John D. Stoll.

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Airlines' Boarding Changes Reward Higher-Paying Travelers

Airlines are changing boarding procedures as the fight among passengers for overhead storage space intensifies, moves aimed at rewarding loyal customers.

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Japan Finally Concedes Its Crazy Low Prices Can't Be Beat

Japan has virtually given up on reaching 2% inflation after nearly six years of trying. An argument gaining ground in Tokyo holds that the inflation goal, once seen as paramount, doesn’t matter so much after all.

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Inflation Fell Below Fed's Target in November

A key measure of inflation slowed sharply in November after a short-lived pickup in the previous month, making it likely that price gains will fall short of the Fed’s 2% target for a seventh consecutive year.

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U.S. Durable Goods Orders Grew in November

Demand for long-lasting goods produced by U.S. factories rose in November because of ramped up aircraft orders, but underlying data show weakening demand for other American-made goods.

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U.S. Consumer Sentiment Rises in December

Consumers’ outlook on the U.S. economy improved in December, a sign that many American households are shrugging off renewed volatility in financial markets.

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Federal Judge Won't Block CVS-Aetna Integration

Judge Richard Leon stopped short of an earlier suggestion that he might order the giant drugstore chain to halt its merger with the health insurer.

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Juul's Millionaires: How $2 Billion From Altria Is Being Divvied Up

The holidays just got a lot happier for the 1,500 employees of e-cigarette maker Juul Labs, as more than $2 billion of the $12.8 billion Altria is investing in the company is cash going directly into workers’ pockets.

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Chat Startup Discord Tops $2 Billion Valuation

Discord, which makes chat software popular among videogame players, is now valued at $2.05 billion after a new funding round, the startup’s second this year as it expands its footprint.

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HNA in Talks to Sell Ingram Micro to Apollo Global

Chinese conglomerate HNA Group is in discussions to sell Ingram Micro to private-equity firm Apollo Global Management, according to people familiar with the matter. HNA is seeking $7.5 billion, including debt, for Ingram, one of the people said

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Thursday, December 20, 2018

Carlos Ghosn Re-Arrested on Suspicion of Shifting Personal Losses to Nissan

Nissan’s former Chairman Carlos Ghosn was re-arrested on suspicion of shifting personal losses to Nissan, derailing his plans for bail.

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Juul Looks to Marlboro Maker for More Sway in Washington

Altria’s $12.8 billion investment in Juul gives the e-cigarette maker more marketing muscle and a benefit that would have been unthinkable from a cigarette company in the past: an easier path to Washington’s approval.

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Campbell Names Clouse New CEO

Campbell Soup named food-industry veteran Mark Clouse its new chief executive.

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Is It Really Five Stars? How to Spot Fake Amazon Reviews

Some Amazon sellers comp shoppers who give five-star ratings, others deploy armies of fake buyers—and that means you need to review the reviews

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USDA Gives Food Makers Until 2022 to Label Products With GMOs

The new rules for labeling “bioengineered foods” mark a win for companies that asked for more time before disclosing use of the controversial crops.

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Treasury Secretary Says Market Has Overreacted to Fed

Steven Mnuchin says investors overreacted to this week’s Federal Reserve meeting, adding that some were disappointed in Fed Chairman Jerome Powell’s comments.

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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 remained at a low level indicative of a tight labor market.

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Nike Strides to Strong Sales Growth

Nike’s sales rose 10% in the latest quarter as the apparel and footwear seller continued to ride strong demand world-wide while weathering backlash for an advertising campaign featuring Colin Kaepernick.

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Some Global Banks Break Ties With Huawei Technologies

Two banks that helped power Huawei’s rise, HSBC and Standard Chartered, won’t provide it with any new banking services or funding after deciding that it is too high a risk.

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Neil Young Launches Subscription Streaming Service

Neil Young is launching a music-streaming service—for his music only. The 73-year-old rocker’s albums will remain available on Spotify, Apple Music and other major services.

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'Just Unbearable.' Booming Job Market Can't Fill the Retirement Shortfall

Even though the official unemployment rate is just 3% for older workers, the actual jobs environment is surprisingly bleak. Nearly 8 million older Americans are out of work or stuck in low-quality jobs that offer little opportunity to prepare for retirement or fix paltry savings.

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Major U.K. Airport Still Shut After Drones Are Used to Disrupt Travel

Authorities took the dramatic step of grounding flights all day at one of Europe’s busiest airports, upending plans for more than 100,000 passengers, after what they said was a deliberate attempt to use drones to disrupt travel.

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Apple Infringed on Qualcomm Patent, German Court Rules

Apple has infringed on a patent owned by Qualcomm, a German court found, in a ruling that could lead to a sales ban on some iPhone models in Western Europe’s second-largest smartphone market.

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Ad Agency CEO Calls on Marketers to Take Collective Stand Against Facebook

Mat Baxter, CEO of Initiative, an Interpublic Group of Cos. agency, wrote on his LinkedIn page that it was time to “take a collective stand” against Facebook.

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Wednesday, December 19, 2018

Pfizer, Glaxo Strike Deal to Put Focus on Prescription Drugs

Pfizer and GlaxoSmithKline plan to combine their consumer health units and eventually spin off the joint venture, creating the world's largest seller of drugstore staples.

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Marlboro Maker Nears Deal That Values Juul at $38 Billion

Altria Group is nearing a deal to take a 35% stake in e-cigarette startup Juul Labs at a roughly $38 billion valuation, an investment that would make Juul one of the most valuable private companies.

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SoftBank's Biggest Backers Balk at Planned $16 Billion Acquisition of WeWork

Key investors in SoftBank’s giant tech fund have balked at a planned $16 billion investment in co-working startup WeWork, leaving SoftBank Chief Masayoshi Son to find an alternative as his ambitions hit up against the limits of his financial firepower.

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Carlos Ghosn Closer to Release as Bid to Extend Detention Without Bail Is Rejected

Nissan’s former Chairman Carlos Ghosn moved a step closer to release on bail after the Tokyo District Court rejected a request by prosecutors to extend his period of detention without the possibility of bail.

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With a Pinch of Innovation, Food Makers Raise Prices

Food makers are devising more expensive sizes and flavors of their treats and breakfast foods, a subtle strategy to cover rising costs as tough competition holds down prices elsewhere in the supermarket.

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Fed Raises Rates, but Signals Slightly Milder Path of Future Increases

The Federal Reserve nudged up short-term interest rates for the fourth time this year, defying pressure from President Trump, but suggested it could slow the pace of increases next year in the face of new headwinds.

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Powell's Bet: The Data Is Right, the Market Is Wrong

The Federal Reserve’s decision to raise interest rates and signal more coming, albeit fewer than before, shows Chairman Jerome Powell cares much more about the data than the markets.

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The Loneliest Job in a Tight Labor Market

Job recruiters, once overrun with applicants, now face candidates who don’t show for appointments or even completely disappear, in the tightest labor market since 1969: ‘Are our phones even working?’

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Court Questions Law That Underpins Trump's Trade Policy

Judges in a special trade court raised constitutional questions over President Trump’s expansive regulation of trade, focusing on a national security law the president has used to impose tariffs on imported goods.

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Home Sales Post Steepest Decline in Over Seven Years

November sales of previously owned U.S. homes edged up from a month earlier but clocked the largest annual decline in more than seven years, signaling the sputtering housing market may finish the year on a weak note.

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Inside Musk's Tunnel to Fix 'Soul-Destroying' Traffic

Elon Musk took a breather from his electric-car company and rocket maker to showcase his grand vision for a network of tunnels that can shuttle electric cars underground at high speeds.

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Gymboree Shops for Bankruptcy Financing as It Prepares Filing

The children’s retailer is looking for a bankruptcy loan as it prepares for a second chapter 11 filing in less than two years, according to people familiar with the situation.

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'I Thought I Was Done For': Tight Job Market Opens Doors for Ex-Convicts

Felons have long been some of the last candidates in the hiring pool. Now, with one of the tightest labor markets in decades, that’s changing. For the past year, The Wall Street Journal documented the journeys of three people released from prison who were trying to enter the workforce.

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U.S. Sanctions Russian Intelligence Agents Over Attacks

The U.S. Treasury Department levied new sanctions against Russia, blacklisting 15 intelligence agents linked to attacks including the attempted assassination of a former spy in the U.K. and election interference.

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D.C. Attorney General Files Privacy Suit Against Facebook

The District of Columbia attorney general filed suit against Facebook, alleging the company “failed to protect the privacy of its users” in the Cambridge Analytica scandal.

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Pinterest Prepares for Early 2019 IPO

Pinterest is actively preparing for an IPO that could come as soon as April, joining a line of tech companies ramping up plans to go public.

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Fight Brews in Houston's Port Over Energy Exports

U.S. energy exporters are wrangling with one of the country’s busiest ports in Houston, saying its recent move to accept larger container ships threatens to constrict the shale boom.

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Boeing Faces Escalating Feud With Lion Air Over Plane Crash

Boeing is facing unusually public criticism from a major customer, Lion Air, as the two try to minimize fallout from a fatal crash.

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Tuesday, December 18, 2018

CBS Shifts to Hunt for Next CEO

Tom Staggs, the former operating chief of Walt Disney, has emerged as a top candidate for the chief executive job at CBS, as the network looks to turn the page on months of uncertainty and upheaval since the departure of Leslie Moonves.

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FedEx Starts Buyout Program as Express Struggles

The delivery carrier says it expects a pretax charge of up to $575 million from the buyout plan and that it intends to cut international capacity at FedEx Express, where performance has weakened.

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CVS Urges Judge Not to Halt Integration of Aetna

A federal judge softened his previous suggestion that he would likely issue a court order requiring CVS Health to halt its integration of newly acquired insurer Aetna, citing CVS’s pledges to keep certain aspects of Aetna’s operations separate for now.

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'It's Been a Rout': Apple's iPhones Fall Flat in World's Largest Untapped Market

Global smartphone sales are flattening, which is why Apple and others are looking to India and its millions of newly minted consumers for growth. Yet the tech giant’s market share is falling, revenue is coming in well below expectations and its top leadership ranks are in turmoil.

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Elon Musk's SpaceX Is Raising $500 Million in Funding

Elon Musk’s rocket company, Space Exploration Technologies, is set to raise $500 million at a $30.5 billion valuation, in a bid to help get a satellite-internet service off the ground.

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Smaller Fed Moves Have Bigger Market Impacts

In a world of low inflation and slow recuperation from the financial crisis, even small interest-rate changes can have outsize effects on markets and the economy.

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As Fed Begins Meeting, Trump Again Calls for No Rate Increase

President Trump continued his public campaign calling on the Federal Reserve to refrain from raising interest rates during the central bank’s two-day meeting that begins later in the day.

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U.S. Housing Starts Grew in November

U.S. housing starts rose in November, reflecting a large climb in apartment building that masked weakness in single-family home construction.

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Micron Cuts Plans for Spending, Chip Production

The memory-chip maker’s profit rose 23% in the most recent quarter, but a tepid outlook on earnings sent the stock down 9% in after-hours trading.

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Ghosn's U.S. Push Irked Nissan Executives

Carlos Ghosn’s drive to increase Nissan’s market share in the U.S. created tension with the company’s management, who felt his push came at the expense of investing in Japan.

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Facebook's Sandberg Vows Action Following Reports of Russian Interference

Facebook Chief Operating Officer Sheryl Sandberg said the social network must do more to protect users from disinformation efforts, after reports found Russian trolls tried to suppress African-American voter turnout in 2016.

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Mexico to Give Minimum Wage Another Boost

The new government will raise the minimum wage by 16.2% in 2019, a third consecutive year of double-digit increases. The new pay floor will be 102.68 pesos ($5.10) a day nationally and 176.72 ($8.80) near the U.S. border.

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SoftBank Unit Shares Open Below IPO Price---Then Drop 8%

SoftBank’s Japanese mobile unit started its first day of trading on the Tokyo Stock Exchange below its initial public offering price and fell as much as 8.1% in early trade, amid concerns about a looming price war.

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Rice Brothers Seek CEO Post, Board Shakeup at EQT

Toby and Derek Rice, who sold Rice Energy to EQT, have also gained support of activist shareholder Elliott Management.

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Darden Says Diners Are Trading Up Amid Strong Labor Market

A strong labor market is pushing diners at Darden’s restaurant chains to splurge, helping overcome weaker traffic at Olive Garden during its latest quarter.

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Conagra Finds New Buyer for Wesson

Canadian agribusiness firm Richardson International has agreed to buy the cooking-oil brand, as Conagra refocuses its business on frozen meals and foods.

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Monday, December 17, 2018

Former CBS Chief Moonves Won't Get $120 Million Severance Payment

Leslie Moonves won’t receive any of his severance package after the company reviewed the findings of a probe into allegations he sexually harassed and assaulted many women during his career.

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Whirlpool CEO Named Board Chairman

Whirlpool Corp. Chief Executive Marc Bitzer will become chairman of the appliance maker’s board at the end of the year, taking over completely from his longtime predecessor, Jeff Fettig.

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Oracle Revenue Flat as Push to Bolster Cloud Business Continues

Oracle reported flat revenue for its latest quarter, a result better than what Wall Street had been expecting, as the software giant made progress in a piece of its struggling cloud business.

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How Scammers in China Manipulate Amazon

Chinese sellers resort to a wide range of cunning techniques to manipulate product listings on Amazon and boost sales. WSJ’s Jon Emont investigates the fraudsters’ strategies and explains how consumers can detect sham listings.

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J&J Slammed by Concern Over Baby Powder Safety

Johnson & Johnson faced continued concerns on Wall Street about the threat posed by lawsuits over the safety of the company’s signature baby powder.

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Fed Faces Communication Challenge on Rates

Federal Reserve officials will debate this week how to signal less certainty over the path of interest rates without implying they are done raising them after their two-day policy meeting ends Wednesday.

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Trump: 'Incredible' That Fed Is Considering Another Rate Increase

President Trump argued on Twitter that it was “incredible” that Federal Reserve policy members were considering raising interest rates again, continuing his public campaign against tighter monetary policy.

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U.S. Prepares More Payments to Trade-Hit Farmers

The U.S. government will make a second, multibillion dollar payment to U.S. farmers struggling against tariffs on American soybeans, pork and dairy products.

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Readers React to WSJ's Article on GE's Decline

Hundreds of emails poured in from employees, retirees and others who have followed the company for decades. They agree that GE’s leaders, including former CEOs Jack Welch and Jeff Immelt, share the blame for its troubles.

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Japan to Buy 105 More F-35 Fighters

Japan plans to spend around $10 billion to become the largest customer outside the U.S. for Lockheed Martin’s F-35 jet fighters, as it responds to a rising China and pressure from President Trump to spend more on American military hardware.

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Elon Musk's New Boring Co. Faced Questions Over SpaceX Financial Ties

Elon Musk’s tunnel-digging venture, the Boring Co., is the latest to be drawn into the billionaire entrepreneur’s tradition of spreading overlapping resources across his growing technology empire. On Tuesday, the Tesla chief is set to unveil a test tunnel developed by the Boring Co., the first of what Mr. Musk imagines as a futuristic series of high-speed underground highways to alleviate traffic.

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Trump Administration Blocks Tax Break for Alcohol Companies

The Trump administration on Monday finalized a regulation limiting the ability of U.S. wineries and global alcohol companies to reduce import taxes.

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Google Details Major New York Expansion

The search giant is joining Amazon and Apple in growing outside the West Coast and has announced plans to lease a large office building in Manhattan’s West Village. Google also plans to invest $1 billion in the campus, which will also include two nearby buildings.

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Kroger's Longtime Finance Chief to Depart Next Year

Kroger Co.’s finance chief for nearly the last two decades will step down next spring, as the grocer tries to find its footing in a market transformed by Amazon.com Inc. and changing consumer behavior.

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T-Mobile Takeover of Sprint Clears U.S. Security Panel

T-Mobile won approval from U.S. national-security officials for its planned takeover of Sprint, bringing the two rivals a step closer to closing their roughly $26 billion combination.

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Netflix Hires Former ABC Entertainment Boss, Stepping Up Rivalry

Netflix has tapped former ABC Entertainment President Channing Dungey as a vice president of original content, the latest evidence of the growing rivalry between the streaming-video giant and ABC parent Walt Disney.

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Sunday, December 16, 2018

The Fall of the House of Ghosn

Not everybody at Nissan was happy with their rock-star chairman, Carlos Ghosn. His high-living ways gave the company ammunition to take him down.

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Possible Drone Collision Renews Focus on Safety Systems

U.S. government and industry efforts to prevent accidents between planes and drones are getting heightened attention after last week’s possible collision of an Aeromexico jetliner and an unmanned aircraft.

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Amazon Targets Unprofitable Items, With a Sharper Focus on the Bottom Line

Amazon.com has trained people to buy everything online. Now it is having second thoughts about some of those sales because they don’t make money—and is pushing big brands to change how they use its site.

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HQ Trivia Co-Founder Dies of Apparent Drug Overdose

Colin Kroll’s popular web app, launched in August 2017, rewarded users for correctly answering trivia questions. Before HQ Trivia, Mr. Kroll founded video app Vine.

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Glencore-Controlled Miner to Be Fined by Canadian Authorities Over Congo Ops

A Glencore-controlled mining company and some of its current and former directors and executives have agreed to pay more than $22 million to settle Canadian allegations that they hid the risks of doing business with an Israeli businessman closely linked to Congolese President Joseph Kabila.

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Let the Good Times…Stay a Little Longer?

The year 2018 will go down as one of the best in a nine-year U.S. economic expansion but trouble could lie ahead, as real-estate and financial markets flash warning signs and U.S.-China trade tensions simmer.

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Global Week Ahead: U.S. Trade Data, Home Sales, Federal Reserve Meeting

The Fed holds its December meeting this week; new data on U.S. trade and sales of previously owned homes is expected, too.

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Investors Turn Focus to Fed's 2019 Rate Path

Volatile markets, mixed inflation signals and recent remarks by Fed Chairman Jerome Powell have deepened investors’ doubts about how many times the Fed can raise rates next year.

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How to Get Employees to Give More to Charity

Research shows that matching donations and letting workers choose a cause boosts their giving.

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Pushback Derails Company That Thrived on Patent Lawsuits

Shipping & Transit filed for bankruptcy after companies that were targets of its patent lawsuits fought back, winning court-ordered awards for legal fees.

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Animated Spider-Man Breathes Life Into Holiday-Season Box Office

Sony Pictures Entertainment had its second Spider-Man hit of the year over the weekend, as Hollywood gears up for some of its most important weeks of business.

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Why Does Your Coffee Taste Like Tires? A Battle Brews Between Beans

Colombian coffee growers have long focused on the mild arabica bean, but global demand for less expensive robusta has led some to reconsider; a taste like petroleum barrels and ‘the tears of children.’

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Robot Vacuums Are Finally Good---Here's Which One to Buy

A test of five of the most popular and interesting robotic vacuum cleaners: the Eufy Robovac 30c, the Ecovacs Deebot Ozmo 930, the Shark Ion S87, the Neato Botvac D7 and the iRobot Roomba i7+.

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When Couples Retire---and Then Start a Business

Being entrepreneurs offers retirees extra income, togetherness and plenty of challenges.

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Saturday, December 15, 2018

Deloitte Board Nominates New U.S. CEO to Replace Cathy Engelbert

Deloitte LLP’s board has nominated the head of its audit practice as the next U.S. chief executive at the Big Four accounting firm, apparently closing off the last chance that current chief Cathy Engelbert might get a second term.

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Boeing Flies Close to Trade Tussle With New Facility in China

Boeing opened a new Chinese production facility, as the American aviation company tries to cater to its top export market while steering clear of the tensions battering U.S.-China relations.

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The 'Fortnite' Dance Move That Spawned a Lawsuit

The suit targets one of the videogame’s most popular aspects: the celebratory dances players buy for a few bucks. Artists including Chance the Rapper say originators should be paid for moves they created and popularized.

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Where You Should Move to Make the Most Money: America's Superstar Cities

A tech-driven concentration of talent since the 1980s has helped the rich get richer. But it has also sharpened an urban-rural divide that, some say, threatens growth. Columnist Christopher Mims explores the phenomenon.

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Bruce Springsteen, Taylor Swift Tours Head for Netflix Encore

The concert films from Bruce Springsteen’s Broadway residency and Taylor Swift’s stadium tour across the U.S.—two of the hottest tickets of 2018—are headed for Netflix.

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State and Local Investment Gets Lift From Rising Revenues

Late in the economic expansion, state and local government investment is now showing signs of a real recovery.

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Justice Department Chides McKinsey in Another Bankruptcy Case

A Justice Department official asked a federal judge to withhold payments to McKinsey for its work advising a bankrupt Colorado coal miner, adding to criticism of how the firm discloses potential conflicts of interest.

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Top Wynn Resorts Executive to Leave

A top executive at Wynn Resorts who had been accused of enabling alleged sexual misconduct by former Chief Executive Steve Wynn is leaving the company.

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Friday, December 14, 2018

GE Powered the American Century---Then It Burned Out

The company that was once America’s biggest and most admired, the maker of power turbines, the seller of insurance, the broadcaster of “Seinfeld,” has become a shadow of its former self. This is the story of how generations of managers, who thought they could fix any company in any industry, finally ran into a problem they couldn’t solve.

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At Gathering of Spy Chiefs, U.S., Allies Agreed to Contain Huawei

Spy chiefs from the West’s most powerful intelligence alliance agreed in a July meeting in Canada they needed to contain Huawei Technologies Co.

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Why Apple Chose Austin, Seattle and Culver City for Its New Jobs Push

Apple’s plan to add thousands of jobs in Austin, Texas, San Diego, Seattle and Culver City, Calif., sketches out a road map toward a future reliant on services and higher-priced devices.

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Facebook Bug Potentially Exposed Millions of Users' Unshared Photos

Facebook said unshared pictures of up to 6.8 million users may have been exposed by a software issue that granted app developers access to the photos, the latest in a series of privacy snafus at the social-media company.

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California Claims PG&E Falsified Gas Safety Records

PG&E falsified natural gas pipeline-safety records over a five-year period ending in 2017, California regulators said, dealing another blow to the state’s largest utility.

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Slower Overseas Growth Fans Worries on U.S. Expansion

Fresh economic figures from Europe and China added to concerns that weakening growth at the end of 2018 will carry over into a sharper slowdown next year, weighing on the solid but cooling U.S. expansion.

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Holiday Season Retail Sales Heat Up

Americans stepped up their spending at the start of the holiday season, suggesting the economy’s key engine is humming.

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Pay Rises in Tight Labor Market

A tighter labor market appears to be forcing employers to step up base pay, rather than just offer better perks, according to Labor Department data.

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Cold Weather Drove Industrial Production Growth in November

U.S. industrial output rose starkly in November, driven largely by cold weather-induced utility usage.

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CBS to Donate Part of Leslie Moonves's Exit Pay

The company said it would give $20 million to 18 organizations dedicated to eliminating workplace sexual harassment, a commitment it made after Mr. Moonves’s resignation.

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The Weekly Standard to Close After 23-Year Run

The conservative magazine, which is often critical of the Trump administration, cited financial challenges besetting the magazine industry.

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GM Says 2,700 Workers Slated for Layoffs Can Transfer

General Motors said it would be adding about 2,700 workers at factories in Michigan, Texas and other states starting next year and some of the 6,700 workers who will be out of work when GM idles five factories in the U.S. and Canada are eligible to move to those plants.

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New Treasury Rules Extend Tax Relief to Foreign Banks

The Treasury Department proposed rules to implement a piece of last year’s tax law known as the Base Erosion and Anti-Abuse Tax, or BEAT. The rules define key terms and provide exceptions that companies have been seeking.

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Britain Investigating Acacia Mining

The U.K.’s Serious Fraud Office is investigating Acacia Mining, an Africa-focused miner that is majority owned by Barrick Gold Corp., over allegations of corruption in Tanzania.

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AT&T Names TV Veteran as Creative Head of Streaming Service

AT&T’s WarnerMedia has tapped veteran programming executive Kevin Reilly to oversee the creative strategy of its consumer streaming service, scheduled to launch in late 2019 amid tight competition from Netflix.

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Tesla Sells $837 Million of Auto-Lease Bonds

A sale of car-lease debt from Tesla is the latest test for the electric car-maker after surviving high-profile missteps to achieve a record quarterly profit.

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Thursday, December 13, 2018

Apple Plans Billion-Dollar Texas Campus in Wave of New Sites

Apple plans to invest $1 billion to build a new campus in Austin that could create 15,000 jobs, as it aims to make good on promises to boost contributions to the economy.

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Amazon Invasion in New York and Virginia Will Be a Slow One

Amazon’s announcement that it will bring 25,000 new jobs each to New York and Northern Virginia sparked a frenzy of activity. Lost in the commotion: It will take many years, if not a decade, before residents see an army of Amazon employees invading their cities.

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GE to Sell Part of Digital Business

General Electric reached a deal to sell off part of its GE Digital business and set aside the rest in a separate company, as the conglomerate narrows its focus and scales back its software ambitions.

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Making of a Computer-Generated Influencer

Social media’s so-called influencers have become sought-after brand ambassadors, with millions of followers and lucrative advertising deals. Now, the computer-generated Miquela Sousa character is testing the power of online celebrity.

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Lucy Peng to Step Down as CEO of Alibaba's Lazada

Longtime Alibaba executive Lucy Peng is stepping down as chief executive of the e-commerce giant’s Lazada Group after nine months on the job.

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Economists See U.S.-China Trade War as Biggest Threat in 2019

Most economists in a recent WSJ survey view a trade war between the U.S. and China as the biggest threat to the U.S. economy in 2019.

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Economists Scale Back Their Projections for Fed Rate Increases

Private economists tempered their expectations for the path of interest rates next year in a new Wall Street Journal survey, and many foresee the Federal Reserve cutting rates starting in 2020.

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ECB Cuts Growth Forecasts as It Ends Bond-Buying Program

The European Central Bank cut its economic growth forecasts Thursday, highlighting the risks confronting Europe’s economy even as it ended its massive four-year stimulus program.

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U.S. Jobless Claims Post Largest Weekly Drop Since 2015

The number of Americans filing applications for new unemployment benefits fell last week by the most in three and a half years.

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U.S. Budget Deficit Widened to $305 Billion in First Two Months of Fiscal 2019

The government ran a $305 billion deficit in October and November, compared with a $202 billion deficit during the same period a year earlier, the Treasury Department said.

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Caterpillar Puts CEO Back in Charge of Board

Caterpillar Inc.’s chief executive Jim Umpleby has been named chairman of the machinery giant’s board as well, cementing his leadership nearly two year into his tenure.

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LVMH Close to Deal for Hotel Operator Belmond

French luxury-goods company LVMH Moet Hennessy Louis Vuitton is close to a deal to acquire Belmond, a London-based owner and operator of high-end hotels around the world.

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Sales Rise at Costco, but Fall Short of Expectations

Costco Wholesale sales surged in its latest quarter, as the warehouse chain continued to benefit from a strong economy and shopper interest in everything from bulk toilet paper to discounted branded clothes.

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Many States See Strong Revenue

At least 19 states are reaping more than they expected for their general funds this fiscal year. Economic growth and changes in U.S. tax law are both feeding the revenue stream.

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Las Vegas Housing Weakness Signals the Slowdown Is Spreading

The national housing slowdown is spreading to markets like Las Vegas and Phoenix, where only weeks ago prices were still accelerating.

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California Girds for Higher Power Prices After Fires

PG&E customers could soon face massive rate hikes due to the state’s catastrophic wildfires, experts say.

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Starbucks to Offer Coffee Delivery Across U.S.

Starbucks plans to expand coffee delivery across the U.S. with UberEats as part of a broader strategy to try to reach more customers.

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Virgin Galactic Rockets Out of Atmosphere for First Time

Virgin Galactic LLC, Richard Branson’s space-tourism venture, reached the edge of space in a test flight Thursday, four years after a fatal accident set back the project.

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Sears Goes Under and Sales Go Up

The retailer, which has filed for bankruptcy protection, attributed a 4.3% rise in comparable sales to liquidations at stores that it is closing. Still, total revenue fell 23% and its loss widened.

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Wednesday, December 12, 2018

GM CEO Is Under Fire From Trump, Lawmakers Over Restructuring

General Motors Chief Executive Mary Barra faces bipartisan anger in Washington over the company’s plans to cut 14,800 jobs and close four plants despite robust profits and a strong economy.

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U.S. Soybean Farmers Work to Loosen China's Grip

As trade tensions cut deeply into exports, U.S. soybean farmers, industry groups and government officials are seeking a stronger foothold in international markets beyond China, including Europe and Southeast Asia.

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Scientists Skeptical About Gene-Edited Baby Experiment

When a Chinese scientist claimed last month that he created the first genetically modified babies, scientists around the world were stunned and alarmed. Now, scientists who examined the very limited available data from the experiments are questioning whether the gene edits the scientist claimed he made were even successful.

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Harassment Complaints Still Bring Retaliation

Workplace retaliation against those reporting sexual harassment remains an issue, even as the #MeToo movement has emboldened people who say they have been mistreated.

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Huawei's U.S.-Based Workers Grow Wary After Arrest

The arrest of Huawei’s finance chief has stirred job insecurity among the Chinese company’s 1,500 U.S.-based workers, already uneasy about Washington’s campaign against their employer.

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U.S. Consumer Prices Flat in November, Posing Dilemma for Fed

Inflation remains muted even though unemployment has fallen to a near 50-year low and economic growth in 2018 was among the fastest in this expansion.

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ECB Stimulus's Mixed Legacy: Economic Success, Political Fiasco

The European Central Bank is nearing a landmark decision to wind down its $3 trillion bond-buying program, closing a chapter on a policy the U.S. used to help restore its growth but one that had mixed results in Europe.

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China Prepares to Increase Access for Foreign Companies

China is preparing to replace an industrial policy savaged by the Trump administration as protectionist with a new program promising greater access for foreign companies.

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FBI: Chinese Espionage Poses 'Most Severe' Threat to American Security

The disclosures, at a Senate Judiciary Committee hearing, came as the Trump administration is preparing to lay out an unprecedented amount of evidence in coming days about Chinese spying and hacking operations designed to steal secrets from U.S. companies.

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Many U.S. Financial Officers Think a Recession Will Hit Next Year

Almost half of U.S. chief financial officers believe a recession will strike the U.S. economy by the end of 2019, with the tight labor market and growing trade tensions driving economic jitters among corporate America.

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Plastic Water Bottles, Which Enabled a Drinks Boom, Now Threaten a Crisis

Facing a consumer backlash and stricter regulation, companies are trying to do what’s eluded them for years: make a better bottle. Evian has pledged to make all its bottles 100% recycled plastic. Nestlé, PepsiCo, Coca-Cola and other makers are adding products and trying new strategies.

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Tencent Music Rises in Trading Debut

Investors sounded notes of optimism about Tencent Music Entertainment Group, one of the biggest IPOs in the U.S. in recent years, pushing its shares 7.7% higher in the company’s trading debut.

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P&G Buys Walker to Expand Offerings to African-Americans

Procter & Gamble agreed to acquire Walker & Co. as the consumer-products giant looks to serve more African-Americans with health and beauty products.

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Europe and Japan's Cheese-for-Cars Trade Deal to Launch Next Year

European Union lawmakers capped a two-year sprint to seal an economic partnership agreement with Japan, highlighting the U.S. allies’ urgency in reacting to President Trump’s disruptive trade policies.

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CBS News Settles Harassment Suit From Three Colleagues of Charlie Rose

CBS News settled a lawsuit, for undisclosed terms, brought by three women who alleged they were harassed by former on-air personality Charlie Rose.

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Tailored Brands Trims Outlook

Tailored Brands Inc. lowered its outlook for the year after sales at its Men’s Wearhouse business softened last month.

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Lowe's Adds $10 Billion to Stock Buyback Program

Lowe’s plans to increase its share buyback program by $10 billion, as the home-improvement retailer looks to turn investor sentiment and prove to Wall Street its business and growth plans are on solid footing.

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Walmart, Express Scripts Extend Prescription-Services Agreement

Walmart and pharmacy-benefit manager Express Scripts have extended their network agreement to provide access to Walmart’s prescription services for Express Scripts clients’ covered members.

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Tuesday, December 11, 2018

Verizon Takes $4.5 Billion Charge Related to Digital Media Business

Verizon Communications is booking a $4.5 billion accounting charge related to its Oath media business, a sign its bet on high-profile internet properties and content several years ago hasn’t worked out as expected.

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Google CEO Faces Lawmakers Skeptical Over Privacy, Alleged Bias

Sundar Pichai faced tough questions in a first public appearance before House lawmakers, who are increasingly skeptical of Silicon Valley giants on issues of privacy and political bias.

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Tencent Music Prices Its IPO at Bottom of Range

The Chinese music-streaming company’s initial public offering priced at $13 per American depositary share, capping a rocky process of going public but still marking it one of the biggest U.S.-listed debuts in recent years.

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Nissan-Renault Scandal Shows It's Hard to Keep Car Alliances on Track

Tensions between Nissan and Renault after the arrest of longtime alliance leader Carlos Ghosn show it has never been easy for the global auto industry to make mergers and partnerships work.

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MiMedx Called on Two Lawmakers for Help Before Its Accounting Scandal

MiMedx Group, a maker of tissue-graft products, called on two influential lawmakers for help. Now the actions of the lawmakers could prove embarrassing for them as MiMedx faces possible collapse.

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China Moves to Address U.S. Economic Concerns

Beijing agrees to reduce auto tariffs and buy more American products, but key differences remain, as Washington prepares to add fresh pressure on Beijing.

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U.S., China Kick Off a Fresh Round of Trade Negotiations

Washington and Beijing started with a phone call touching on China’s purchases of agricultural products and changes to its fundamental economic policies.

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The Loneliest Generation: Americans, More Than Ever, Are Aging Alone

Loneliness undermines health and is linked to early mortality. Baby boomers, who generally had fewer children and divorced more than previous generations, are especially feeling the effects in retirement.

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Producer Prices Edge Up in November

A gauge of U.S. business prices rose slightly in November, but the pace of gains moderated significantly from the prior month.

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Senate Confirms Justin Muzinich as Deputy Treasury Secretary

The Senate confirmed Justin Muzinich as the second-ranking official in the Treasury Department. Mr. Muzinich becomes the first person to serve in the role during the Trump administration.

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McDonald's to Trim Antibiotics From Its Beef

The fast-food chain said it will take two years to decide how much of the antibiotics important to human health it will be able to remove from its beef supply.

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Hain Celestial Settles SEC Charges

The organic- and natural-products maker has settled charges brought by the U.S. Securities and Exchange Commission over its revenue-recognition practices, which led to delayed financial reports.

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Vote Paves Way for Dell to Trade Publicly Again

Dell Technologies is set to begin trading on the New York Stock Exchange later this month after facing pressure from activist shareholders and sweetening a buyout offer to investors in its tracking stock.

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Economic Damage From California Fires Spreads Further Than Blazes

Extreme wildfires across California in recent years are squeezing local economies. Chico, which escaped the wrath of the Camp Fire, is the latest example.

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Negotiators Reach Compromise on$867 BillionFarm Bill

Congress is on track to pass a five-year farm bill that leaves out proposed work requirements for food-stamp recipients, imperiling the support of some House Republicans but opening the door for Democrats in both chambers to support the compromise bill.

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EU-Led Group Poised to Answer U.S. Complaints on WTO

The U.S. and the European Union are squaring off at the World Trade Organization in a conflict that threatens to cripple the global trade watchdog.

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Treasury Softens Parking-Tax Hit for Churches, Nonprofits

Under new rules, nonprofits can use any reasonable method to calculate costs used in computing employee-parking taxes.

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Huawei's Meng Wanzhou Granted Bail by Canadian Judge

Huawei Technologies Co.’s finance chief must reside at Vancouver homes and adhere to curfew while awaiting a decision on her extradition to the U.S.

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Applebee's Franchisee Gets Court Approval of Bankruptcy Plan

Judge Brendan Linehan Shannon endorsed the chapter 11 plan—which will include a tripling of the initial equity commitment from the franchisee’s owner, private-equity firm Acon Investments—after a hearing Tuesday in U.S. Bankruptcy Court in Wilmington, Del.

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WPP Sets Turnaround Plan in Motion

WPP Chief Executive Mark Read set out his vision for a turnaround, a strategy he hopes will make the world’s largest advertising company better-positioned to contend with the rapidly changing marketing landscape.

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Monday, December 10, 2018

Google to Accelerate Closure of Google+ Social Network

Google said it would close the consumer version of its Google+ social network after discovering a software bug that exposed the private profile information of 52 million users to outside app developers, the second time this year the company has acknowledged exposing private user data.

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Apple Hit With Sales Ban on Older iPhones in China

A Chinese court ordered Apple to stop selling older iPhone models in the country after finding it infringed on two Qualcomm patents, the chip supplier said.

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Huawei Finance Chief Won't Be a Flight Risk, Her Lawyer Says

A bail hearing for Huawei Technologies Co. finance chief Meng Wanzhou in Vancouver ended Monday without a decision as the executive’s lawyer argued she won’t be a flight risk while awaiting a separate decision on her extradition to the U.S.

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Amazon Cracks Down on Scams, Fires Employees Over Data Leak

Amazon has dismissed several workers in the U.S. and India for allegedly inappropriately accessing internal data that was being misused by disreputable merchants.

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Under Armour Ousts Two Executives After Review of Expenses

Under Armour Inc. ousted two sports-marketing executives, according to people familiar with the matter, after the apparel brand conducted an internal review of their department’s spending.

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Unfilled Jobs Grow in Low-Skilled Fields

The number of available jobs in the U.S. rose in October from a year earlier, with openings exceeding the number of unemployed Americans by one million. Low-skilled workers shunned retail and restaurants for higher-paying positions in other industries.

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Businesses Less Optimistic About Coming Year Than 12 Months Ago

Businesses in the U.S. are less optimistic about the outlook for the coming year than they were 12 months ago, though many still expect sales, hiring and investment to rise in 2019, according to an ISM survey.

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U.S. Maintains Hard Line as Details Emerge in Trade Truce With China

The Trump administration’s point man on U.S.-China trade negotiations said the U.S. would hold fast to its 90-day deadline for the conclusion of a lasting agreement, adding that the U.S. would impose punishing tariffs on Chinese imports if none is reached.

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Trump to Nominate Fannie, Freddie Critic to Oversee Mortgage Giants

The White House is preparing to pick economist Mark Calabria, a vice presidential aide and critic of Fannie Mae and Freddie Mac, to the post responsible for overseeing the housing-finance companies.

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CBS Directors Fear Legal Risks from Leaks in Moonves Probe

Some CBS directors are concerned that recent leaks from the investigation into alleged sexual misconduct by former CEO Leslie Moonves could result in legal exposure for the company or people found to have failed to prevent the disclosures.

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Queen's 'Bohemian Rhapsody' Smashes Streaming Records

Queen’s “Bohemian Rhapsody” is the most-streamed song from the pre-streaming era and the most-streamed classic rock song of all time, according to Vivendi SA’s Universal Music Group.

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Google CEO Faces Hot Seat in Washington

Google CEO Sundar Pichai is expected to face questions at a Congressional hearing on a range of topics, including the company’s handling of user data and its development of a search engine that would comply with China’s strict internet censors.

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Prosecutors to Decide Soon Whether to Charge Chinese Billionaire Over Rape Allegations

Prosecutors are close to deciding whether to charge Chinese billionaire Liu Qiangdong with the sexual assault of a college student. The woman has described a four-hour ordeal, while Mr. Liu has denied wrongdoing.

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Anxious Businesses Make Plans for 'No-Deal' Brexit

As Prime Minister Theresa May works to save her deal to exit from the European Union, businesses are bracing for the worst—a “no-deal” Brexit—and planning for it.

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Verizon to Shed More Than 10,000 Workers in Voluntary Separations

Verizon will shed about 10,400 workers who have accepted a severance package as it works to cut $10 billion in costs and upgrade to a faster 5G network.

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Sunday, December 9, 2018

Nissan, Ghosn Charged With Underreporting His Compensation

Japanese prosecutors on Monday indicted former Nissan Motor Chairman Carlos Ghosn on charges of underreporting his compensation on five years of Nissan’s financial reports, Kyodo News reported.

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Roche Executive to Be Named Gilead CEO

Gilead Sciences is planning to hire industry veteran Daniel O’Day to take the helm and help the drug company revive sales and recover from a disappointing deal.

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Two British Banks Ensnared in Huawei Dispute

Two large British banks are among those ensnared in the controversy over Huawei Technologies. The dispute escalated over the weekend after the Chinese government warned Canada it would face “severe consequences” if it didn’t release the Chinese telecom giant’s finance chief.

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GM Bids Farewell to Its Breakthrough Electric Car

The Chevrolet Volt is headed to the scrap heap, but during its decade on the market the electric vehicle reflected the strengths and weaknesses of General Motors and auto making in Detroit.

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Uber-Lyft Showdown Shifts to Public Markets

The race between Uber and Lyft to go public next year promises to extend their rivalry for customers to competition for global investors.

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Global Recession Alarms Aren't Ringing, Despite Market Mayhem

Investors are growing anxious about the prospect of recession in developed countries, but many economic trends don’t fit with patterns that presaged previous downturns.

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Housing Slowdown Unnerves the Fix-and-Flip Crowd

The pace of real-estate speculation is slowing, a sign of the darkening outlook in the U.S. housing market.

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IMF's Departing Chief Economist Issues a Rare Warning on U.S. Growth

Maurice Obstfeld, the retiring chief economist of the International Monetary Fund, is on his way out the door with a warning that global growth is slowing and the U.S. will likely feel the drag as well.

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