Food Distributors Accuse Tyson, Others of Manipulating Chicken Prices

The two largest food-distribution companies in the U.S. separately accused Tyson Foods, Pilgrim’s Pride, Sanderson Farms and other poultry suppliers of manipulating wholesale chicken prices.

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Fox Wins Rights to NFL Thursday Night Games in Five-Year Deal

Fox Broadcasting has secured the broadcast television rights to the National Football League’s Thursday night football package for the next five years.

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Allegations Against Steve Wynn Put Big Casino Project at Risk

Sexual-misconduct allegations against Steve Wynn are threatening to derail Wynn Resorts’s lucrative casino project in Massachusetts as regulators revisit a contentious debate on the company’s license to operate in the state.

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Facebook Profit Rises, but Shares Fall as Users Spend Less Time on Network

Facebook said quarterly operating profit soared, a reminder of its dominance in digital advertising despite mounting criticism against the social network. But its shares fell about 5% after the company said recent news-feed changes led to users spending less time on the platform.

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AT&T Sees Big Benefit From Tax Law

AT&T Inc. expects to keep an extra $20.42 billion in cash for 2018 thanks to new federal tax cuts, a windfall the company said it plans to spend on network enhancements.

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How J.D. Power Was Acquired by a Chinese Company Shrouded in Mystery

Hong Kong’s XIO Group, which acquired the U.S. auto-rating firm in 2016, is now embroiled in a dispute about the source of XIO’s funding. The legal fight represents one downside of China’s overseas investing splurge.

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Mondelez Grows Sales Abroad

Mondelez International Inc. said revenue rose in the most recent quarter as its snacks powered sales growth outside of the U.S. The maker of Chips Ahoy cookies, Ritz crackers and Trident gum also issued a 2018 outlook that was in line with Wall Street expectations.

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Fed Holds Rates Steady and Sees 'Solid' Economic Gains

The Federal Reserve held short-term interest rates steady Wednesday and said it would continue along its path of gradual increases aimed at keeping the economy on track.

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Long After Janet Yellen Leaves, Interest Rates Will Bear Her Mark

Janet Yellen leaves a huge and largely unappreciated imprint on interest rates that will reverberate long after she concludes her last Federal Reserve policy meeting Wednesday.

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Treasury Plans to Increase Size of Debt Auctions

The Treasury Department said t plans to adjust the size of its debt auctions beginning next month, in response to the Federal Reserve’s moves to shrink the size of its bond portfolio as well as the fiscal outlook, which have increased the government’s borrowing needs.

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Canada GDP Mounted a Comeback in November

The Canadian economy rebounded in November after stalling in October, led by a manufacturing sector that recorded its best performance in nearly four years as some auto-assembly plants resumed production following a brief shutdown.

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U.S. Private Sector Added 234,000 Jobs in January

Firms across the country added 234,000 workers in January, according to payroll processor Automatic Data Processing Inc. and forecasting firm Moody’s Analytics.

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U.S. Employment Costs Rise 0.6%

Compensation for American workers grew at a slower pace in the fourth quarter, but picked up strongly for the year as a whole, signaling historically low unemployment might be starting to put upward pressure on wages and benefits.

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As Yellen Hands Off at the Fed, Whither Her Go-Slow Approach?

When Federal Reserve Chairwoman Janet Yellen concludes her last policy meeting Wednesday, she will leave her successor the challenge of deciding whether to pick up the pace of rate increases to prevent the economy from overheating.

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Fed Could Signal Changes to Outlook at Yellen's Final Meeting

Federal Reserve officials are likely to keep interest rates steady at their two-day policy meeting that concludes Wednesday, but they could provide clues on whether their 2018 outlook has changed amid a steadily expanding economy.

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Japan's Fujifilm to Take Majority Control of Xerox

Fujifilm Holdings will take a majority stake in Xerox, marking the end of independence for a stalwart of 20th-century American industry as the companies fight sluggish photocopier demand in a digital world.

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Ericsson Cuts 10,000 Jobs Amid Costly Turnaround

Ericsson’s turnaround effort further took its toll, as the Swedish telecommunications-equipment giant said it cut 10,000 jobs in the fourth quarter and said two top executives would leave

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Amazon, Thou Shalt Not Covet Thy Neighbor's Employee

Amazon.com Inc. plans to hire thousands of people in the area it picks as a second home from a shortlist of 20 locations. That’s worrying other companies in those areas because it could become more difficult to attract talent.

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VW Supplier to Face Criminal Case in Emissions Fraud

A supplier for Volkswagen AG is in discussions with the U.S. Justice Department to resolve an impending criminal case arising from its alleged participation in the German auto giant’s emissions cheating, according to people familiar with the matter.

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Facebook Earnings: What to Watch

Facebook Inc. is scheduled to announce fourth-quarter earnings after the market closes. Investors will watch for details on its news feed overhaul, regulation risk and any impact of the new tax law.

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Nintendo Profit Jumps on Strong Switch Sales

A strong holiday season for Nintendo’s Switch console and related software drove sharply higher profit at the videogame powerhouse.

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H&M Fashions a Plan for a Comeback

Hennes & Mauritz, a laggard in retail’s shift online, set out its strategy to bridge the gap with rivals after reporting a sharp fall in quarterly profit.

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At Newell Brands, a Fight Over the Board and Strategy

Amid concerns about Newell Brands’ strategic direction, one of the architects of the company’s $19 billion Jarden Corp. acquisition, Martin Franklin, tried to wrest control of the board, failed and quit.

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Stopping the Presses: Duterte Escalates Attacks on the Media

The Philippine government’s move against an online publication critical of Rodrigo Duterte is the latest example of what his opponents and human rights figures say are state efforts to silence critics.

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Want the Scoop on Tesla's Model 3? That Will Cost You $500,000

A shortage of Model 3 sedans has created a frenzy among curious competitors, Tesla enthusiasts and auto reviewers to get their hands on the electric car. One engineering firm is buying cars from early buyers and selling data and CT scans to other auto makers.

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Stores Borrow Tricks From Online Retailers

Retailers may be closing some store locations, but the ones they are keeping are embracing technology to compete with online shopping.

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Fujifilm Nears Deal With Xerox

Xerox Corp. is nearing a deal with Japan’s Fujifilm Holdings Corp. that would mark the end of the independence of the stalwart of 20th-century American industry.

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Apple FacesTwo Federal ProbesOver iPhone Battery Issue

The Justice Department and SEC are investigating Apple over potential securities violations related to its disclosure of a software update that slowed older iPhones.

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Thomson Reuters to Sell Majority Stake in Unit to Blackstone Group

Thomson Reuters Corp. said Tuesday it will sell a major stake in its financial and risk business to a consortium led by private-equity giant Blackstone Group LP.

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Carlos Slim, One of World's Richest Men, Gets Schooled by an Old Pupil

AT&T Chief Executive Randall Stephenson learned about Mexico’s telecom market two decades ago from the billionaire industrialist Carlos Slim. Today, AT&T is challenging Mr. Slim’s América Móvil and has helped erase $8 billion from his fortune. The relationship between the two men is strained.

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Amazon, Berkshire, JPMorgan Partner to Pare Health Costs

Amazon.com, Berkshire Hathaway and JPMorgan are forming a company to figure out how to reduce health-care costs for their hundreds of thousands of U.S. employees.

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Wynn Resorts Board Faces Scrutiny Following Allegations Against CEO

The board of directors of Wynn Resorts, which has pledged to investigate allegations of sexual misconduct involving Chief Executive Steve Wynn, has itself faced criticism over its executive-compensation and corporate-governance practices.

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Apple to Cut iPhone X Production in the Face of Weak Demand

Apple is slashing planned production of the iPhone X for the three-month period ending March 31 in a sign of weaker-than-expected demand for the pricey handset.

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Google Rivals Ask EU to Toughen Measures in Antitrust Case

Google continues to stymie competition in online shopping despite a record fine from European authorities and an order to modify its behavior, rivals say.

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VW Suspends Chief Lobbyist Over Diesel Tests on Monkeys and Humans

Volkswagen has suspended a senior executive amid mounting outrage over revelations that the car maker conducted experiments on animal and humans in an effort to disprove links between diesel fumes and respiratory illnesses.

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Pfizer Plans $5 Billion Boost in U.S. Manufacturing From Tax-Law Changes

Pfizer Inc. offered a rosy outlook for the year, outlining the benefits from the new U.S. tax law and casting the Amazon.com Inc.-led partnership to lower health-care costs as positive for the drug industry.

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How the Tax Overhaul Will Affect Tech Companies' Earnings

Silicon Valley threw its support behind the congressional tax overhaul. How much will the new rules help the bottom line of firms such as Amazon, Apple and Alphabet?

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For Madison Ave., No Fumbles Allowed With the Super Bowl

Marketers go to extraordinary lengths to produce Super Bowl ads, hoping television’s biggest stage can help them define a brand or revive sales.

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Homeownership Rate Rises in 2017 for First Time Since 2004

The U.S. homeownership rate rose in 2017 for the first time in 13 years as young households overcame significant hurdles to purchase homes in growing numbers and one of the deepest wounds from the housing crisis began to heal.

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U.S. Consumer Confidence Increased in January

The Conference Board said its measure of U.S. consumer confidence increased to 125.4 in January from 123.1 in December.

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With 4th-Quarter Recovery, Mexican Economy Grew 2.1% in 2017

The Mexican economy staged a recovery in the fourth quarter, expanding at its fastest pace in more than a year as the country shook off the impact of natural disasters that contributed to a contraction in the previous quarter.

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Home Prices Continued to Rise in November

Home prices continued their sharp upward trajectory in November, a trend that is likely to continue this year due to continued shortages of homes for sale.

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Census Change to Race, Ethnicity Questions Shelved by Trump Administration Delay

The Census Bureau has scrapped a plan to overhaul how it asks about race and Hispanic ethnicity in the 2020 Census, after the Trump administration delayed making a decision on the matter in time for the rollout.

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Eurozone Economy Records Strongest Growth in a Decade

The eurozone economy outpaced its U.S. counterpart for the second straight year in 2017 as it recorded its strongest growth in a decade, aided by a revival in investment spending by French businesses

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Yellen Leaving Fed With Full Employment, Increased Focus on Labor Market

Janet Yellen ends 14 years at the Federal Reserve this week, the last four as its first chairwoman, having guided the U.S. economy to its tightest labor market in nearly two decades by resisting calls to raise interest rates more aggressively.

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GOP Governors Group to Return $100,000 in Donations From Steve Wynn Firm

The Republican Governors Association has decided to give back $100,000 in donations from Steve Wynn’s company and cut other financial ties with the casino mogul, in the wake of a Wall Street Journal report on allegations describing a decadeslong pattern of sexual misconduct by Mr. Wynn.

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Chinese Firm Announces U.S. Solar Plant

A Chinese solar manufacturer said Monday that it plans to open a plant in the U.S., a week after President Donald Trump imposed tariffs on imported solar panels.

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Grammy Awards Draw Lowest TV Audience Since 2009

The Grammy Awards struck a sour note with viewers on Sunday, with fewer than 20 million tuning in to watch the CBS broadcast, a 24% decline from last year’s show and the smallest number since 2009.

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Keurig to Acquire Dr Pepper Snapple in Largest Soft-Drink Deal Ever

The combination gives Keurig, best known for its K-Cup coffee systems, an express lane to get its bottled coffee drinks into coolers at convenience stores, drugstores and other retailers.

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Exxon to Spend $50 Billion in U.S. Over Next Five Years

Exxon Mobil Corp. plans to spend $50 billion to expand its business in the U.S. in the next five years, investments that were “enhanced” by the American tax overhaul.

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Defense Firms Want To Keep U.S. Tax Windfall

U.S. defense executives urged lawmakers and federal officials to let them invest the windfall from new tax rules in weapons research rather than on lower prices for the Pentagon.

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Wal-Mart Tightens Delivery Windows for Suppliers

Wal-Mart plans to ask suppliers to deliver more goods to warehouses exactly on time or face fines, another step in the retailer’s efforts to keep inventory low and shelves stocked as it battles with Amazon.com Inc.

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China's Xi Looks to Ally to Fix U.S. Relations

China’s President Xi Jinping is turning to a trusted political ally who ran his potent anticorruption campaign to help manage the critical but fraught relationship with the U.S. as trade tensions escalate, according to officials familiar with the leadership’s thinking.

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U.S. Spending Rises in December; Saving Rate Lowest Since 2005

U.S. consumers increased spending in the final month of last year as their incomes improved, and they saved at the lowest rate since 2005.

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On Trade, World Wonders Whose Rules U.S. Plays By

President Donald Trump’s message at Davos aimed to soothe anxieties of business and political elites, but it left the world unsettled: Whose rules does the U.S. intend to abide by? And why does it punish so many countries when only one, China, is systematically breaking the rules?

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Global Economy Week Ahead: Eurozone Inflation and GDP, U.S. Jobs Report

This week features inflation and unemployment figures from both the U.S. and the eurozone, while a reading on eurozone gross domestic product will show if the currency area’s economy maintained its momentum through the end of 2017.

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Canada, Mexico Reject Reworking Nafta Corporate Arbitration System

Mexico and Canada have rejected a proposal by the Trump administration to remake a corporate arbitration system that is a key part of the North American Free Trade Agreement, according to people involved in talks to update the pact.

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President Trump Hints at Retaliation Against EU for Unfair Trade

President Donald Trump extended his threats of action against America’s trading partners, this time hinting at major retaliation against the European Union for what he described as its “very unfair” trade policy toward the U.S.

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U.S. Memo Urges Big Push on 5G Wireless Technology

Some White House officials view next-generation 5G wireless service as a “key area of competition,” and they say that the threat from China justifies a government effort like the construction of the interstate highway system, an internal memo shows.

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Activists to Press Avon to Explore a Sale

A group of activist investors are joining together to call on Avon Products Inc. to seek a buyer, in a move that could set up a fight for the company’s board as a key deadline looms.

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Intel Told Chinese Firms of Chip Flaws Before U.S. Government

In initial disclosures about critical security flaws discovered in its processors, Intel notified a small group of customers, including Chinese technology companies, but left out the U.S. government, according to people familiar with the matter and some of the companies involved.

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Canada's Oil Producers, in Standoff With Railways, Sit Out Oil-Price Rally

Hard-nosed negotiating by Canada’s big railway companies is preventing Canadian oil producers from cashing in on a world-wide oil price rally.

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By Shrinking, Can Sam's Club Keep Up With Costco?

Sam’s Club hopes that by strategically closing underperforming stores, it can fine-tune its focus on stores that are driving higher profits, especially those that serve a higher-income clientele.

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Sam Adams Beer Isn't Rushing the Search for Its Next CEO

Boston Beer Co., where Chairman Jim Koch remains closely involved in operations, has been looking for a replacement for current Chief Executive Martin Roper almost a year.

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How Amazon's Ad Business Could Threaten Google and Facebook

As Amazon.com Inc. builds out its advertising services and sales team, it increasingly impinges on the turf of two other tech titans, Facebook Inc. and Alphabet Inc.’s Google.

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IKEA Founder and Father of the Flat Pack Ingvar Kamprad Dies at 91

Ingvar Kamprad, who as a teenager, founded what grew to be the world’s largest furniture company—revolutionizing the way people buy beds, sofas and bookshelves—has died at the age of 91.

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Outcome Health Says CEO Rishi Shah Has Resigned, Lawsuit Settled

Outcome Health is replacing founder Rishi Shah as CEO and agreed to settle a lawsuit brought by investors, which had alleged the company defrauded them after they invested nearly $500 million.

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Casino Mogul Wynn Quits as Republican Finance Chairman

Casino mogul Steve Wynn stepped down as Republican National Committee finance chairman following a Wall Street Journal report on allegations of sexual misconduct.

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Hershey, Mondelez Eye Returns on Shift to Healthier Snacks

Hershey and Mondelez International are betting that a turn toward healthier foods can still prompt Americans to snacking on their products more often.

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Elliott Management Discloses Stake in Sky

Hedge fund Elliott Management Corp. disclosed in a regulatory filing Friday that it had taken a 1.09% stake in Sky PLC, adding a new wrinkle in 21st Century Fox’s plans.

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U.S. Panel Says Bombardier Jet Sales Didn't Harm Boeing

In a setback for Boeing Co., a U.S trade panel Friday rejected the aerospace giant’s complaint that it was harmed by subsidies to Bombardier Inc., effectively blocking a Trump administration proposal for steep tariffs against the Canadian jet maker.

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Dozens Recount Pattern of Sexual Misconduct by Vegas Mogul Steve Wynn

Wynn Resorts employees and others interviewed by The Wall Street Journal described a CEO who sexualized his workplace and pressured workers to perform sex acts. Steve Wynn responded: “The idea that I ever assaulted any woman is preposterous.”

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Deaths of Toronto Billionaire, Wife Ruled Homicides, Police Say

The deaths of Barry Sherman, the billionaire founder of generic drugmaker Apotex Inc., and his wife are being investigated as homicides, Toronto Police said Friday.

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An Antidote for a Distracted Age: Very Long Ads Where Not Much Happens

A 66-minute film of a washer tries to put a new spin on appliances; ‘I was starting to fall asleep.’

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In Global Currency Game, China is Losing to U.S.

The currency is having its best month since 1982, but its rise poses a policy headache for Beijing and complicates growing trade friction with the U.S.

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Staples CEO Goodman Departs

Staples Chief Executive Shira Goodman is leaving the company less than a year after the office supplier was taken private in a leveraged buyout.

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Budweiser Benches Famous Clydesdales for Super Bowl LII

Anheuser-Busch InBev NV is sidelining its lovable Clydesdale horses for Super Bowl LII and will instead highlight its philanthropic efforts, as the beer company tries to resuscitate the Budweiser brand after a decadeslong slump.

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U.S. Economy Grew At 2.6% Rate in Fourth Quarter

The U.S. economy grew steadily in the fourth quarter, losing a bit of momentum from the summer but mustering enough strength to extend one of its best stretches in recent years.

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U.S. Durable-Goods Orders Rose 2.9% in December

Demand for long-lasting factory goods rose in December, capping a solid year for U.S. business investment and the manufacturing sector.

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Brexit Drags Down U.K. Economy as Neighbors Soar

The U.K. economy in 2017 grew at the slowest pace in five years, highlighting how Britain isn’t reaping the full benefits of the recent upsurge in global growth as it prepares to leave the European Union.

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Paul Romer, Former World Bank Chief Economist, Had Some Parting Thoughts

Paul Romer, who resigned Wednesday as chief economist at the World Bank, said the institution faces “inevitable tension” between diplomatic aims and the goal of supporting scientific research in economics.

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Saudi Aramco, the Crude-Oil Giant, Becomes a Force in Refining

Saudi Arabia’s state oil company is building an oil-refining empire, a major shift for the world’s No. 1 crude producer as it tries to shore up its balance sheet ahead of the world’s biggest-ever IPO and make up for income lost to OPEC production cuts.

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Chinese Shoppers Are Splurging on Luxury Goods Again

A new wave of big-spending Chinese shoppers has emerged to drive the global luxury-goods industry, igniting torrid sales growth after two years of cautious Chinese buying.

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Trump to Promote U.S. as 'Open for Business' in Davos Speech

Donald Trump is expected to promote the U.S. as “open for business,” while highlighting the nation’s commitment to global trade in an address to foreign leaders and business executives at the World Economic Forum.

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Struggling to Fill Jobs, U.S. Employers Look to Storm-Battered Puerto Rico

Coming together: U.S. firms that can’t find people to fill open positions, and workers in storm-weary Puerto Rico, where unemployment is high.

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Tax Incentive Puts More Robots on Factory Floors

New tax rules are speeding up automation of U.S. factories because they provide a strong incentive for manufacturers to replace old equipment with more-automated machines—an immediate tax deduction of the entire cost.

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Ackman's Pershing Square Takes Stake in Nike

William Ackman’s Pershing Square Capital Management has taken a passive stake in Nike Inc., based on a belief in the sneaker giant’s long-term growth prospects.

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Wal-Mart Has a New Ally in Fight With Amazon: Japan's Rakuten

Wal-Mart Stores is joining with Japan’s largest online retailer Rakuten to bolster its efforts to compete with Amazon.com in both Asia and the U.S.

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EPA Withdraws Air Pollution Policy

The Trump administration is withdrawing a decades-old air policy aimed at reining in some of the largest sources of hazardous pollutants like mercury and lead.

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What Facebook, Google and Twitter Told Congress About Russian Misinformation

Congress published responses from Facebook Inc., Twitter Inc. and Google to questions about how Russian actors used their platforms to spread misinformation before and after the 2016 U.S. presidential election. Here are the highlights.

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Dell Explores Strategic Alternatives, Including IPO, Deal With VMware

Dell Inc. is considering a range of options that could transform the maker of PCs and data-storage devices, according to people familiar with the matter.

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Union Pacific CEO: Train Braking Technology Is Clogging the Railway

Union Pacific said problems with new technology designed to prevent collisions or derailments contributed to a slowdown in the network, including trains running 5% slower and spending 12% more time in terminals.

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Freeport Reports Progress on Indonesia Talks, but Issues Linger

Mining giant Freeport-McMoRan Inc. said negotiations with the Indonesian government over control of the giant Grasberg copper and gold mine are progressing, but the parties have pushed their target date for a deal to midyear.

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Ford Scoops Up Software Firms as It Drives Toward the Driverless

Ford is acquiring two software firms to help build out its mobility business, a move that highlights the need for auto companies to seed management teams with tech talent.

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Intel Revenue Rises, but Chip Maker Reports Loss on Tax Charge

Intel reported record fourth-quarter revenue as sales in its data-center business jumped 20%, but it swung to a loss on a $5.4 billion charge after changes in U.S. tax law.

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The NFL's Ratings Woes Finally Hit Networks' Ad Business

Advertising revenue from in-game NFL programming declined 1.2% to $2.42 billion during the 2017 regular season, as the league feels the impact of declining viewership

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IQOS Cigarette Alternative Fares Poorly Before FDA Panel

An FDA advisory committee offered a largely negative assessment of Philip Morris’s request to market its new IQOS tobacco-heating device in the U.S. as less harmful than cigarettes.

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Starbucks Misses on Revenue Despite Record Quarter

Starbucks Corp.’s domestic business is struggling despite signs that the broader economy is strengthening.

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A Top IMF Official Urges China to Heed U.S. Complaints on Unfair Trade

David Lipton, the number two official at the International Monetary Fund, said some U.S. complaints about unfair trade are valid, as he urged the rest of the world, in particular China, to take note.

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Treasury Skeptical About States Allowing Charitable Giving to Work Around Cap

Treasury Department tax experts are skeptical about states allowing taxpayers to make charitable contributions to circumvent a new cap on deductions for state and local taxes, a department official says.

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The Tax Law, Just One Month Old, Is Roaring Through U.S. Companies

From acquisitions and equipment purchases to stock buybacks, firms are rapidly recalibrating their business plans in the wake of the corporate-tax overhaul. Specialty drugmaker Amicus Therapeutics, for one, has decided to build a new production facility in the U.S. instead of Europe.

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Rubbermaid Maker Newell Brands to Pare Businesses in Turnaround Plan

Newell plans to shed several product lines, including Rawlings baseball equipment and Goody hair accessories, and drastically cut its global footprint.

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U.S. New Home Sales Fell in December

U.S. new-home sales fell in December from the previous month.

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FDA Panel to Advise on Risks of Smokeless Tobacco Product

A Food and Drug Administration advisory committee is expected to vote Thursday on whether Philip Morris International has made a convincing case that its IQOS tobacco heating device is less harmful than cigarettes. A decision in its favor could have enormous implications for tobacco regulation and U.S. public health.

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As More Companies Demand Arbitration Agreements, Sexual Harassment Claims Fizzle

In an atmosphere of rising awareness of sexual harassment, millions of Americans work for companies that require disputes with their employers be adjudicated through arbitration—and not civil trials.

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Southwest Gets a Lift From Increased Travel

Southwest, the nation’s No. 4 carrier by traffic, said revenue increased 3.9% to $5.3 billion, just above the $5.2 billion analysts had been expecting.

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U.S. Jobless Claims Rose Last Week

The number of Americans applying for unemployment benefits rose last week.

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Fiat Chrysler's Income Soars in Latest Quarter

Fiat Chrysler Automobiles reported a double-digit quarterly earnings gain Thursday, bringing the auto maker closer to its ambitious growth targets and surpassing profitability at rival Ford Motor.

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Caterpillar Returns to Growth as Global Recovery Continues

Caterpillar’s revenue rose 18% in 2017, breaking a four-year streak of declining sales for the world’s largest maker of heavy machinery.

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Is Broadcom's CEO, a Champion Deal Maker, Innovative Enough?

Broadcom Chief Executive Hock Tan relishes his role as the chip industry’s most visible deal maker, but some customers and former employees worry he is skimping on research and innovation.

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Why Goldman, Pritzker Sank Millions Into a Startup Then Sued It for Fraud

A-list investors placed a big bet on Outcome Health despite multiple warning signs, a Wall Street Journal examination shows, illustrating how even the savviest investors can gloss over potential issues in pursuit of a big score.

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Mnuchin Plays Down Dollar Comments After Selloff

U.S. Treasury Secretary Steven Mnuchin said the U.S. isn’t concerned with “where the dollar is in the short term,” as he appeared to play down comments he made Wednesday that helped push down the greenback.

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ECB Keeps Rates, Policy Unchanged Despite Divisions

The European Central Bank left its policy mix unchanged, rejecting an early move to scale back its large monetary stimulus amid lingering concerns over weak inflation and a surging euro.

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When It Comes to Teaching Coding, Parents Won't Get With the Program

Teaching computer coding to children is the latest hot thing for Chinese investors, education startups and the famously technocratic government. It’s just not catching on among Chinese parents. One reason: an education system slow to act.

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It's Game Over for Nintendo's First Smartphone App

Nintendo said it would soon terminate its smartphone app “Miitomo”—which had gained attention as the game maker’s initial foray into the smartphone business—because it failed to attract enough number of players.

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Saudi Giant Snaps Up Clariant Stake From Activists

Sabic said it has acquired a roughly 25% stake in Swiss chemicals company Clariant from U.S. activist investor White Tale Holdings, making the Saudi chemicals company Clariant’s biggest shareholder.

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In California, Where Cancer Warnings Abound, Coffee Is Next in Line

A state judge in Los Angeles is expected to rule in the coming months on whether coffee should be labeled as carcinogenic.

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Chinese Firm Found Guilty of Stealing Wind Technology from U.S. Supplier

A federal jury found a Chinese wind-turbine maker guilty of stealing technology from a former U.S. supplier, a potential test case for looming intellectual property battles between the two countries.

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Airline Shares Drop on Capacity Expansion Plans

Airline shares tumbled on Wednesday as investors fretted that United Continental Holdings Inc.’s expansion plans threatened profit margins and could spark a price war if other carriers follow suit.

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Ford Profit Dented by Swings in Commodities Prices

Ford Motor Co. reported fourth-quarter operating profit that fell short of earlier forecasts, results that signal continued financial pressure as first-year Chief Executive Jim Hackett tries to transform the auto maker.

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Apple Dives Into Complex Field: Your Medical Records

With its leap into the electronic health-records field, Apple Inc. is trying to solve a problem that has vexed tech companies for years: simplifying disparate networks of medical information and putting more data into the hands of consumers.

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Dollar Hits New Low After Mnuchin Says Weakness Aids Trade

The dollar dropped to its lowest point since late 2014 against a basket of leading global currencies following comments from Treasury Secretary Steven Mnuchin that a weaker greenback is good for trade.

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LG to Raise Prices on Washers After Trump Imposes Tariffs

LG Electronics has told retailers it plans to raise prices on its washers and dryers following President Donald Trump’s approval this week of steep tariffs on imported washing machines.

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iCloud Storage: Your Guide to the Other Apple Tax

If you use an iPhone, you probably gotten Apple Inc.’s out-of-iCloud-storage alerts, and you might even pay for more iCloud storage—but do you understand how iCloud works?

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California, Trump Officials Weigh Vehicle-Emissions Rule Changes

California regulators and Trump administration officials met to discuss for the first time the prospect of changes to vehicle-emissions rules, a significant step in complex negotiations aimed at preventing a legal battle over future environmental regulations on cars and trucks.

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Tech Firms Open Up to More Regulation

Executives of the world’s largest tech companies, fending off an array of complaints about the perceived excesses of Silicon Valley at the World Economic Forum, are suggesting they could do more—including embracing a little more regulation.

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United May Drag Industry Into Price War

United Continental’s plans to increase capacity has investors worrying that airlines are losing their discipline.

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Meg Whitman to Lead Mobile-Video Startup New TV

Meg Whitman, the former head of eBay and the departing chief executive of Hewlett Packard Enterprise, is joining Jeffrey Katzenberg’s WndrCo LLC as the first CEO in the media and tech venture’s planned portfolio of companies.

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Pro-Business Populists Flummox Davos Man

The global elites at the World Economic Forum in Davos fear populist politicians like Donald Trump, but those politicians are one reason they are reveling in the best economy in years and an epic bull market, Greg Ip writes.

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U.S. Sanctions North Korean Agents It Claims Work in China, Russia

The U.S. Treasury Department sanctioned 16 North Korean agents it said are operating in China and Russia, aiding the country’s banned weapons program and financial system

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AT&T Chief Calls for New Rules for Carriers, Tech Firms

AT&T’s CEO, in an open letter, called on Congress to clarify the repeal of net-neutrality rules while also imposing new regulations on tech titans such as Google and Facebook.

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SoftBank Tech Fund Leads $865 Million Investment in Construction Startup

Vision Fund is leading a group of investors with an $865 million bet on Katerra, a three-year-old Silicon Valley startup that aims to change how housing and commercial buildings are constructed by using an assembly line-like system to control every aspect of design and production.

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Can Metro Boomin Make Gap Clothes Cool Again?

Rap producer Metro Boomin has written a song for Gap and will appear in the retailer’s ad campaign, along with SZA and other young stars.

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Satanic Posters and Stripper Poles: Pet Peeves of Real-Estate Pros

Two veteran agents reveal some of their profession’s annoyances.

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Why Flying Has Never Been Safer

Technical improvements, new regulations and changes in corporate culture, combined with plain luck, help explain why last year was the safest year ever for air travel, with zero passenger airline fatal accidents world-wide.

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U.S. Existing Home Sales Fell in December

Sales of previously owned U.S. homes declined in December, suggesting that fast-rising prices and tight inventory may be weighing on buyer demand heading into 2018.

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Mexican Inflation Off to a Slow Start in 2018

Inflation in Mexico slowed sharply in the first half of January as the impact from the previous year’s jump in gasoline prices faded and fruit and vegetable prices fell.

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GE Posts $9.64 Billion Loss, With Long Road Ahead in Restructuring

General Electric Co. reported a loss in its latest quarter as the struggling industrial giant zeroes in on restructuring plans under its new chief executive.

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Teamsters Tell UPS: No Drones or Driverless Trucks

The Teamsters union and United Parcel Service are starting to negotiate one of the largest collective bargaining agreements in the U.S., and one of the union’s initial demands is to prohibit the parcel giant from using drones or driverless trucks to deliver packages.

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When #MeToo Becomes Catch-22

A number of high-profile men have recently lost powerful positions over their alleged sexual misconduct. But for female victims of harassment, speaking up often is just as career damaging.

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Comcast Profit Tops Estimates

Comcast increased profit beyond Wall Street’s expectations, as the addition of broadband customers and growth at NBCUniversal helped offset another quarter of TV subscriber losses.

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United Technologies Profit Hurt by Tax Charge

United Technologies’s revenue rose in its latest quarter as commercial sales in Pratt & Whitney and its aerospace segment strengthened, but charges stemming from the new tax law dented the conglomerate’s earnings

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Senate Confirms Jerome Powell as Federal Reserve Chairman

The Senate confirmed Jerome Powell to become the 16th chairman of the Federal Reserve, clearing the way for a new leader likely to continue raising interest rates to keep the economic expansion on track.

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Mnuchin Unconcerned by Pacific Trade Agreement That Excludes U.S.

U.S. Treasury Secretary Steven Mnuchin expressed little concern over the decision by 11 Pacific Rim countries to forge a new commercial bloc that excludes the U.S.

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Trump's Davos Visit to Include Speech, Meetings With Leaders

President Donald Trump will give an address and meet U.K. Prime Minister Theresa May and Rwandan President Paul Kagame while in Davos, Switzerland, for the World Economic Forum later this week, the White House said.

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Companies Explore Whether U.S. Can Replace 'Double Irish'

A provision in the newly revised tax code slashes the income tax that companies pay on royalties from the overseas use of intellectual property, making it more attractive to house these rights on American soil.

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A Brief History of Shipping

The container shipping industry is booming and companies are moving cargo around the world faster than ever. But how did we get here? This video explains the simple idea that transformed the industry and where it’s headed next.

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A Shortage of Trucks Is Forcing Firms to Cut Shipments or Pay Up

A nationwide truck shortage is forcing thousands of shippers into a tough choice: postpone all but the most important deliveries, or pay dearly to jump to the front of the line.

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Foreign Retailers in China Find a Buyer Just in Time

Tencent’s potential investment in Carrefour is the latest example of a Chinese tech giant putting money into a brick-and-mortar retailer.

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Activision's Early eSports Payoff

Esports is a big opportunity for the videogame publisher, but much is already priced in.

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EU to Fine Qualcomm Over Exclusivity Payments to Apple

Qualcomm is set to be slapped with a European Union antitrust fine over payments it made to Apple for exclusively using its chips in smartphones and other products.

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Toys 'R' Us to Close About 180 U.S. Stores This Year

Toys ‘R’ Us plans to close about 180 stores in the U.S. as the retailer seeks an exit from bankruptcy proceedings.

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Minnesota Public Radio Defends Firing of Host Garrison Keillor

Two months after cutting ties with Garrison Keillor, Minnesota Public Radio offered a lengthy explanation that appeared to contradict the prominent radio host’s own account of his ouster over allegations of inappropriate behavior.

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United Continental Reports Higher-Than-Expected Earnings

United Continental Holdings Inc. said fourth-quarter net income rose 46% on a modest uptick in revenue and laid out plans to invest in hubs and add capacity to better compete with rivals.

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Oklahoma Drilling Accident is Deadliest Since Start of Shale Boom

Five workers were killed in a well explosion in Oklahoma, authorities said Tuesday, in the deadliest shale-drilling accident since the boom in U.S. oil and gas production began a decade ago..

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Weinstein Co. Advances Toward Sale

Weinstein Co.’s owners have entered exclusive negotiations to sell the embattled studio to a group led by businesswoman Maria Contreras-Sweet for a little more than $500 million, people close to the talks said.

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Disney to Pay $1,000 Bonuses

Walt Disney Co. will pay $1,000 cash bonuses to more than 125,000 workers and put $50 million into a new program to cover tuition costs for hourly workers, the company said Tuesday.

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U.S. Allies Shift Trade Priorities as Trump Rolls Out 'America First'

Eleven Pacific Rim nations agreed to forge a new trade bloc that excludes the U.S. on Tuesday, as President Donald Trump signed an order to block certain cheap Asian imports, illustrating the battle lines of a new global trade climate.

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Health-Care Costs Rose for Americans Insured Through an Employer

Spending on health care accelerated in 2016 for Americans who get insurance through work, even as use of most health-care services declined or remained flat, a new report found.

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P&G's Price Cuts Ripple Through Consumer Products

Procter & Gamble is winning over shoppers with help from aggressive discounting that’s rippling through the household-goods industry.

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Sexual-Harassment Suit Naming Ad Agency Shines Light on Client Dealings

A former staffer at IPG’s Initiative media agency claims she was sexually assaulted by an employee of Dr Pepper, an important client, and agency executives retaliated against her.

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A Fractured World: Nationalism vs. the Global Liberal Order

Nationalist movements have lost some recent battles, but it’s way too soon to think they are receding.

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Goodfriend Tells Lawmakers He Backs Fed's Dual Mandate on Jobs, Prices

Federal Reserve nominee Marvin Goodfriend told lawmakers he supports the central bank’s dual mandate to maintain stable prices and pursue maximum employment, despite his past comments suggesting the Fed should focus on inflation.

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Twitter's Anthony Noto to Become SoFi CEO

Twitter operating chief Anthony Noto will become the next chief executive of Social Finance.

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Apple to Begin Selling Delayed HomePod Speaker

Apple will start selling its voice-activated speaker HomePod in stores Feb. 9, bringing an end to a delayed launch that cost the company sales during the critical holiday shopping season.

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Snapchat Cracks Open Its 'Walled Garden'

Some users on Snapchat will now be able to share videos and other content they encounter within the app outside the walls, as the social-media app comes under pressure to grow.

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Business Cards Aren't Dead, They're Just Getting Weirder

A subset of creative networkers insist on oddball cards with unusual shapes and materials to stand out with potential clients.

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Kimberly-Clark to Cut 5,000 Jobs

Kimberly-Clark said it will cut about 13% of its global workforce as the company grapples with sluggish sales of household staples, including its Huggies diapers.

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Gatorade Sales Could Use Some Electrolytes

PepsiCo’s Gatorade, a sideline staple for fatigued athletes that has long dominated the sports-drink market, needs a pick-me-up of its own as sales declined for the first time since 2012.

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P&G's Sales Rise, Helped by Slimmer Beauty Portfolio

Procter & Gamble said its sales and adjusted earnings grew in the most recent quarter as the company tries to refresh its staple brands.

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Johnson & Johnson Results Driven by Pharmaceutical Sales Growth

Johnson & Johnson reported an increase in sales for its fourth quarter, largely spurred by its pharmaceutical business, but reported a loss because of effects from the new tax law.

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Big Landlords Pile Into Co-Working Trend

Some of the world’s  largest landlords, facing weak growth in traditional office rents and occupancies, are investing heavily in co-working, which until recently was viewed as a niche office business that catered primarily to startups.

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Losses From California Wildfires Hurt Travelers Earnings

Travelers earnings fell in the fourth quarter due to losses from recent wildfires in California.

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States Grapple With Federal Tax Cut That May Raise State Taxes

Over the next several months, state legislatures across the U.S. will be wrestling over how to respond to federal income-tax cuts that, paradoxically, could raise tax bills at the state level.

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Goodfriend Set to Face Senators' Questions at Fed Confirmation Hearing

Marvin Goodfriend, who has been nominated for a seat on the Federal Reserve Board of Governors, heads to Capitol Hill on Tuesday for his Senate Banking Committee confirmation hearing. Here are five things to watch.

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TPP Members Reach Agreement on Major Trade Pact

Negotiators from 11 Pacific Rim nations have agreed on a Trans-Pacific Partnership trade deal, a year after President Donald Trump withdrew the U.S. from the talks.

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As U.S. Fires Trade Shot at China, Multinationals Caught in Crossfire

Marriott and other foreign companies are reeling under China’s increasingly prickly nationalism; now they face the grim prospects of getting caught in the middle of escalating trade tensions.

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Manufacturers Fight Over New Tariffs' Effect on U.S. Jobs

President Donald Trump’s move to slap tariffs on imported solar panels and washing machines is meant to revive domestic industries. But in the affected sectors, there is little agreement on whether it will actually jump-start U.S. manufacturing and jobs.

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Tesla Gives Musk New Long-Term Pay Deal

Tesla said it updated the pay package for Elon Musk with a plan that again ties his compensation entirely to key performance benchmarks—albeit this time much larger ones.

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Fox's Sky Takeover Is Provisionally Rejected by U.K.

British antitrust regulators said 21st Century Fox proposed $15.5 billion acquisition of the 61% of U.K. pay-TV giant Sky that it doesn’t already own would be against public interest, saying it would give the Murdoch family too much influence in British media.

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Bank of Japan Sticks to View on 2% Inflation

Japan’s central bank maintains its view that inflation will reach 2% in two years and leaves policy unchanged, but offers no new clues on whether it will join other global banks in raising rates this year.

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Former Fiat Executive Pleads Guilty to Illegal Payments for UAW Leaders

A former Fiat Chrysler executive pleaded guilty to making illegal payments to union leaders and to filling a false tax return that failed to include $840,000 in income illegally siphoned from the company.

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P&G Trying to Stop 'Dangerous' Tide Pods Challenge, CEO Says

Procter & Gamble CEO David Taylor on Monday outlined steps the company is taking to keep teens from eating Tide laundry pods for sport, a behavior he called a “dangerous trend” fueled by social media.

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Businesses Cut Back on Overseas Investments

Businesses around the world cut back on their overseas investments for the second straight year in 2017, a surprise development that suggests the globalization of economic activity may be slowing.

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Big Drugmakers Pay Big Prices for Promising Biotechs

Lofty premiums Celgene and Sanofi shelled out in Monday’s biotech deals show companies’ need for quick revenue as generic competition poses threats.

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Bacardi Buying Patrón Tequila in Deal Valuing Brand at $5.1 Billion

Bacardi Ltd. is acquiring the maker of Patrón tequila in a deal that values the premium brand at $5.1 billion, one of the biggest liquor buys in years as rivals scramble to own more top-shelf spirits.

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Adobe CFO Garrett to Retire, Company Books Charge, Raises Guidance

Adobe Systems Inc. finance chief Mark Garrett is retiring from the company after spending more than a decade in that role.

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U.S. Imposes Trade Tariffs, Signaling Tougher Line on China

The Trump administration announced Monday new trade barriers aimed at protecting domestic makers of solar panels and washing machines from a recent surge of cheap imports.

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Netflix Continues Landing Customers

Netflix Inc. again posted strong subscriber growth even as it faces increased competition for viewers and programming.

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Jerome Powell's Challenge at the Fed: Keep the Economy Humming

With unemployment and inflation both low, the incoming chairman must navigate the central bank’s rate-tightening cycle.

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Trump's 'America First' Message Is a Case of Rhetoric vs. Reality---So Far

One year after Trump’s inaugural, the results are far murkier than his blunt warning to allies suggested.

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Senate Leaders Reach Deal to Reopen Government

The Senate is expected to vote to advance a bill that would reopen the federal government after a brief shutdown, as Democrats agreed to a short-term pause in their standoff with Republicans over immigration policy. Chuck Schumer says he and Mitch McConnell have “come to an arrangement.”

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China Sends Mixed Messages About Economic Policies

President Xi has talked about focusing on the quality of the economy, but Beijing still needs strong growth to ensure employment and social stability.

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Philadelphia Energy Solutions Puts Refinery Operation Into Bankruptcy

Philadelphia Energy Solutions affiliates responsible for more than one-quarter of the crude-oil refining capacity on the East Coast of the U.S.. filed for bankruptcy protection, amid “industrywide turmoil” driven by politics and economics.

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Celgene to Buy Juno Therapeutics for $9 Billion

Celgene said it agreed to buy Juno Therapeutics for $87 a share in cash, or about $9 billion, in a move that will expand Celgene’s portfolio of blood-cancer drugs.

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Daniel Loeb's Third Point Calls for More Change at Nestlé

Activist investor Dan Loeb’s Third Point is keeping pressure on Nestlé, saying the consumer company needs to do more to realign its portfolio, including getting out of its stake in cosmetics giant L’Oréal.

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Can New Flavors Reverse Diet Coke's Slump?

Coca-Cola Co. hopes four new flavors of Diet Coke and skinnier, redesigned cans hitting U.S. shelves this week will lure back lapsed soda drinkers and young people who have moved on to LaCroix sparkling waters.

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Large Airlines Seek Profits in Midsize Cities

Airlines are returning to midsize U.S. cities, lured by lower fuel prices, a desire to attract more passengers to their hub airports, and competition on major routes from low-cost carriers.

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Cartier-Owner Richemont Bets Big on Online Bling

Would you buy a $100,000 watch online? Richemont wants to buy out its fellow shareholders in Yoox Net-a-Porter, because for more people, the answer is yes.

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Abercrombie & Fitch Executive Chairman to Step Down

Longtime retail executive Arthur Martinez is stepping down as executive chairman of Abercrombie & Fitch, the company said.

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U.S. Tax Overhaul Will Accelerate Global Growth, IMF Says

The global economy will gain momentum in 2018, driven in large part by recently approved U.S. tax-code changes, according to the latest forecasts of the International Monetary Fund.

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By Adding to the Debt, Tax Cuts Could Complicate Next Downturn

In enacting a tax cut that is projected to raise annual federal-budget deficits to nearly $1 trillion in the coming years, Washington could be trading more growth now for the risk of more pain down the road.

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Shutdown's Economic Hit Seen to Be Muted

The federal government shutdown could sideline significant numbers of federal employees and leave government contractors out in the cold, but in a $19.5 trillion economy with 147 million workers, a shutdown, even a long one, isn’t expected to leave much imprint on the broader economy.

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Agencies Implement Shutdown Plans

The effects of a government shutdown that began Saturday will kick in more forcefully with the start of the workweek as agencies implement contingency plans to scale back operations and send workers home. The Senate will vote at noon whether to advance a measure that would reopen the government for three weeks.

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Canada and Mexico Seek to Head Off U.S. Exit From Nafta at Montreal Talks

Canadian and Mexican trade officials in Montreal on Sunday will begin laying out proposals aimed at convincing their U.S. counterparts not to put an end to the North American Free Trade Agreement.

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What Facebook's Feed Changes Mean for the News

Publishers would be wise to reduce their dependency on Facebook as it gets ready to tweak its algorithm.

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Foreign Companies Grapple With U.S. Tax Overhaul

Foreign companies are calculating whether the cost increases they will bear under the new U.S. tax law will outweigh the benefits of a lower corporate rate.

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Sanofi Nears Deal to Buy Bioverativ for More Than $11.5 Billion

The French drugmaker finally looks set to clinch a big deal as it braces for generic competition for its top-selling product, after missing out on a number of opportunities.

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Icahn, Deason Push for Xerox to Explore Sale

Two large Xerox investors, billionaires Carl Icahn and Darwin Deason, have formed an alliance and plan to encourage the printer and copier giant to explore a potential sale.

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China, Unhampered by Rules, Races Ahead in Gene-Editing Trials

U.S. scientists helped devise the Crispr biotechnology tool that has captured global attention for its potential to treat incurable diseases. The first to test it in humans are Chinese doctors, who don’t face the same regulatory hurdles as American counterparts.

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Amazon's Cashierless Convenience Store Set to Open

Amazon Go, the online retailer’s cashierless convenience store, is slated to finally open to the public on Monday, after a yearlong delay during which the company trained the store’s algorithms to account properly for customers and their habits.

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'Jumanji' Leads Sony Pictures Out of the Jungle

Sony’s motion-picture business has outgrossed all competitors so far in 2018 thanks to “Jumanji: Welcome to the Jungle,” a hit sequel to a 1995 family film.

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What If Children Should Be Getting More Screen Time?

Guidelines for using iPhones and other devices were set with TV in mind—and don’t take into account the huge range of learning and creative play that can happen on a screen.

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Owner of New York's Strand Turned Struggling Book Store Into a Literary Landmark

Fred Bass took over the Strand, his father’s struggling book store in New York, and turned it into a literary landmark. Mr. Bass, who died this month, was bold enough to buy books in bulk. “You can’t sell a book you don’t have,” he told one interviewer.

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Trucking Companies Race to Add Capacity, Drivers as Market Heats Up

Investors expect the humming economy to translate into an uptick in profits for trucking companies when they report earnings over the next couple of weeks. But carriers can’t add capacity fast enough to take advantage of the flood of new business.

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China's Wanda Gets Back to Basics as Revenue Slides

Chinese billionaire Wang Jianlin’s flagship company reported a decline in revenue for a second straight year as it retreated from its ambitious expansion into entertainment and overseas property.

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P&G Grapples With How to Stop a Tide Pods Meme

Teens are eating Tide Pods for views and likes, and P&G is struggling with how to stop a meme that’s already gone viral.

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China to Be Focus of U.S. Trade Policy This Year

President Donald Trump’s “America First” trade policy will be more focused in the coming year on countering China, an administration official said. The strategy may emphasize enforcement over negotiations with its leaders.

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Advertising's 'Mad Men' Bristle at Digital Revolution

Publicis Groupe, one of the world’s largest ad agencies, is trying to force old-school “creatives” to work more closely with new technology hires to hang on to big clients. One tool: an algorithm dubbed “Marcel” that selects teams from across the company’s sprawling operations.

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Facebook to Rank News Sources by Quality to Battle Misinformation

Facebook plans to start ranking news sources in its feed based on user evaluations of credibility, a major step in its effort to fight false and sensationalist information that will also push the company further into a role it has long sought to avoid—content referee.

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Amazon's HQ2 Losers Hold Out Hope for Consolation Prize

Amazon.com Inc.’s search for a second headquarters site disappointed 218 North American towns and cities, but many still have hopes of landing a smaller Amazon investment in a data center or warehouse.

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Los Angeles Times Publisher to Go on Unpaid Leave of Absence

Ross Levinsohn, the publisher and chief executive of the Los Angeles Times, has voluntarily agreed to take an unpaid leave of absence while parent company Tronc investigates allegations of workplace misconduct at his prior places of employment, according to the company.

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Trump Is Still Their Man

In the heart of Virginia coal country, the people of Buchanan County gave candidate Trump some of his biggest majorities, and they remain loyal. The big reason: A local rebound.

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Federal Reserve's Quarles Calls for 'Tailored' Approach to Supervision

The Federal Reserve’s supervision chief detailed a deregulatory agenda that would adjust thresholds determining capital and liquidity levels at banks, as well as other types of oversight.

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How a Labor Stronghold Could Soon Take a Hit

An expected Supreme Court ruling this year could undercut union membership among public workers, which have been a stronghold for labor even as union membership in the private sector has declined.

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Consumer Sentiment Slides for Third-Straight Month

A measure of U.S. consumer sentiment slid in January for the third-straight month, continuing to ease after reaching its highest level in more than a decade.

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The Antitrust Case Against Facebook, Google and Amazon

Facebook, Google and Amazon dominate their worlds just as Standard Oil and AT&T once did. Critics say they should get the same treatment. The answer to the antitrust question depends on a narrow test: Are consumers worse off?

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Lawsuits Mount Against LuLaRoe, Maker of Colorful Women's Leggings

LuLaRoe, a direct-sales company famous for its brightly patterned womenswear, is facing lawsuits accusing it of being a pyramid scheme, with its founders and top sellers raking in profits at the expense of nonsalaried retailers.

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Delta Cracks Down on Service Animals, Citing Range of Risks

Delta Air Lines said that emotional-support and service animals will now need advanced documentation to travel, saying that incidents such as biting and urination have risen 84% since 2016.

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Apple's Big Cash Winners: Shareholders

Apple announced a $38 billion tax windfall for the U.S. government this week, but the biggest beneficiary of the company’s response to tax-system changes will likely be its shareholders, analysts say.

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Coca-Cola, Criticized for Plastic Bottles, Sets Recycling Goals

Coca-Cola Co. said Friday it wants to collect and recycle the equivalent of 100% of the packaging it puts out into the world by 2030.

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Why a Plumber or a Celebrity Brand Could Miss Out on a Big Tax Break

Restrictions in the new federal tax law prevent certain small business owners from claiming a tax break for what is considered labor income.

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Facebook Loses Its Field Commander in China

Facebook’s campaign to re-enter China has hit another setback with the departure of a veteran executive who had been leading efforts to improve relations with Chinese government leaders.

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Facing an Activist Investor, Lowe's Appoints New Directors

Lowe’s said it is appointing two new board members—including a pioneer of activist investing—after talks with hedge-fund firm D.E. Shaw.

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BOJ Looks to Massage Its Message as Inflation Edges Up

The Bank of Japan is optimistic about hitting its 2% inflation target within two years and is thinking about how best to communicate any possible policy changes.

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Google and China's Tencent Find Being Friends Has Benefits

Google and Tencent will license each other’s technology patents, a deal that could help the former broaden its toehold in the Chinese market and accelerate the global expansion of the latter.

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U.S. Oil Output Expected to Surpass Saudi Arabia, Rivaling Russia

Surging U.S. crude oil production this year is expected to surpass output in Saudi Arabia and rival that of Russia, the world’s two largest oil producers, the International Energy Agency said.

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Why U.S. Companies May Lose the AI Race

Chinese rivals are gaining fast because of rising investment, as well as freer access to enormous amounts of data about people, often compiled with the help of government agencies.

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Firms With Diversity In Executives Had Bigger Profit Margins, Study Shows

Companies with diverse executive teams posted bigger profit margins than their rivals, compared with companies with relatively little diversity in their upper echelons, a study showed.

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Data Case in U.S. Sparks Concern in Europe

European lawmakers and companies worry that a lawsuit the U.S. government has brought to the Supreme Court could clash with European Union law, trapping tech companies between complying with U.S. data requests and strict EU data-privacy rules.

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Luxury Real Estate Runs Hot and Cold in Europe

A 2018 forecast of high-end real-estate markets in five European capitals: London, Paris, Berlin, Lisbon and Dublin.

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American Express Reports First Loss in Quarter-Century

American Express recorded its first quarterly loss in a quarter-century and said it would suspend its share-buyback program as it absorbed a hit from tax changes in the U.S.

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White House Considering San Francisco Fed's Williams for Fed Vice Chairman

The White House is considering John Williams, the president of the San Francisco Fed, as a candidate to serve as the vice chairman of Federal Reserve Board in Washington, according to people familiar with the matter.

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IBM Revenue Grows for the First Time Since 2012

International Business Machines Corp. reported higher revenue for the first time in 23 quarters and signaled continued growth into 2018, giving Chief Executive Ginni Rometty breathing space as she tries to turn around the century-old tech giant.

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Bankruptcy Judge Rules Against Settlement Triggering GM Payout

General Motors avoided a potential $1 billion-plus stock payout to address claims stemming from the auto giant’s ignition-switch crisis after a judge found a settlement between plaintiffs and a trust for the company’s bankruptcy estate unenforceable.

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Hospitals Plan to Produce Generic Drugs in Bid to Fix Troubled Market

Four nonprofit hospital groups, frustrated with common shortages and price spikes that they say have hampered patient care, are joining forces to manufacture and market generic drugs.

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Keystone XL Pipeline Obtains Enough Shipper Commitments to Proceed

TransCanada announced that it has received enough commitments from oil shippers to advance construction of its controversial Keystone XL pipeline expansion.

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ADT IPO Drawing Muted Interest

Home-security company ADT Inc.’s initial public offering is likely to price below its expected range of $17 to $19 a share on Thursday, according to people familiar with the deal.

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Hack at Petrochemical Plant Compromised a Safety System

Hackers who attacked a petrochemical plant in Saudi Arabia last year gained control over a safety shut-off system that is critical in defending against catastrophic events.

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With Tax Savings, Some Employers to Boost 401(k) Contributions

A growing number of companies plan to use some of the savings they expect to realize from the tax overhaul to boost their contributions to employees’ 401(k) retirement-savings accounts.

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Drugmaker Raises U.S. Price of Muscular-Dystrophy Treatment

PTC Therapeutics Inc. this month increased the list price of its muscular-dystrophy treatment by about 9%, to more than $65,000 annually for a common dosage.

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Peugeot Sees Opel as Key Link for Re-Entry to U.S. Market

Peugeot is using its purchase of GM’s German unit to lay the engineering groundwork to make its global product lineup capable of meeting U.S.-market standards.

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Qualcomm Secures EU Approval for NXP Deal

Qualcomm won conditional European Union antitrust approval for its $39 billion acquisition of NXP Semiconductors.

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Amazon Narrows Choices for Second Headquarters to 20

Amazon named 20 metropolitan areas as finalists for its second headquarters after reviewing 238 proposals from across the U.S., Canada and Mexico. New York, Chicago, Columbus, Ohio, and Indianapolis are among the choices.

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Streaming TV's Drop-In, Drop-Out Problem

As they court a generation of cable TV cord-cutters, streaming services are making it easy for subscribers to come and go as they please. But the risk is that the flexibility will lead to a higher level of service cancellations, or “churn,” than in traditional TV.

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China's Robust Growth to Face Pressure in 2018

China’s economic growth accelerated for the first time in seven years last year, reaching 6.9% on rising demand. But the expansion’s key drivers, from investment to consumption, appear to be weakening.

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Wyndham to Buy La Quinta Hotels in $1.95 Billion Deal

The La Quinta purchase would add 900 hotels to Wyndham’s portfolio.

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U.S. Housing Starts Dropped Sharply at the End of 2017

U.S. housing starts fell sharply in December, but still capped a solid year of new single-family home construction.

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U.S. Jobless Claims Fell to Near 45-Year Low

The number of Americans filing applications for new unemployment benefits fell last week to the lowest level in nearly 45 years, a sign the labor market is beginning 2018 with strong momentum.

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BP Returns to a Northern Iraq Now Free of Islamic State

BP will return to northern Iraq for the first time since Islamic State swept through the region three years ago, potentially heralding a new era of stability in one of the world’s most dangerous energy-production provinces.

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Airbus Wins A380 Superjumbo Lifeline From Emirates

Emirates announced a $16 billion deal for up to 36 more Airbus A380 superjumbos, extending a lifeline to the European planemaker’s struggling flagship program that was at risk of production ending without the deal.

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Bloomberg Plans To Discontinue Financial Commentary Brand Gadfly

The move is part of the company’s effort to consolidate its news service’s opinion offerings.

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IBM's Fourth-Quarter Earnings: What to Watch

International Business Machines is scheduled to announce fourth-quarter earnings after the market closes Thursday.

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For These Entrepreneurs, Silicon Valley Is, Like, Lame

A trip to Silicon Valley is something of a rite for ambitious Chinese startups and investors looking for inspiration in global tech’s mecca of innovation. But a visit last week failed to impress. Silicon Valley’s allure is fading.

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Lawmakers Grill SpaceX, Boeing on Safety of Commercial Crew Capsules

House subcommittee explores challenges posed by NASA’s decision to use privately operated space vehicles to ferry U.S. astronauts to the international space station.

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GOP Senator to Block Two Trump Nominees Over Trade Concerns

A GOP senator with concerns about President Trump’s trade policy said Wednesday he would block two of the president’s nominees, saying the Trump administration hasn’t been responsive to his concerns on the issue.

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Starboard Value to Launch Proxy Fight for Entire Board at Mellanox

Starboard Value LP is launching a fight to remove the entire sitting board at semiconductor company Mellanox Technologies, the latest attempt by the New York activist to take over a whole boardroom.

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Want to Try Our Insanely Spicy Pizza with 'Hate Sausage'? First, Sign the Waiver

Intrepid diners are asking for ever hotter dishes in all sorts of cuisines, but restaurants say few can handle the most extreme heat; ‘This is not a joke.’

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Apple Plans to Pay $38 Billion in Repatriation Taxes

Apple said it plans to pay $38 billion in repatriation taxes on profits and cash held overseas, and said it would create a new U.S. campus and create 20,000 jobs.

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Shari Redstone Seeks to Shake Up CBS Board, Pushes for Viacom Deal

Shari Redstone is advocating for new blood on the board of CBS Corp. as she renews her push to merge the company with Viacom Inc., according to people familiar with the matter.

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FTC Probes Broadcom Over Negotiations With Customers

The FTC is investigating whether Broadcom engaged in anticompetitive tactics in negotiations with customers.

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Facebook Widens Probe Into Alleged Russian Interference in Brexit

Facebook Inc. said it was broadening its investigation into whether Russia attempted to meddle in the 2016 referendum on Britain’s membership in the European Union, after its earlier probe found only a minimal amount of activity.

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Family-Based Migration Stirs Debate

Lately, the case against family-based migration has taken a turn. Immigration restrictionists, including President Donald Trump, portray it as a conduit for terrorism and crime, writes Greg Ip.

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Fed Reports Tight Labor Markets but Modest Wage Gains

Economic activity across the U.S. expanded into 2018, with tight labor markets and modest wage and price growth, according to the Federal Reserve beige book report.

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For GE, a Breakup Is No Quick Fix

While GE’s core Aviation, Power and Healthcare divisions would be among the biggest players in their markets, separating them would require unraveling intertwined operations, pensions and debts.

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Verizon Teams With NBA on 'League Pass,' Fan Content

Verizon has struck a deal with the NBA that extends its relationship with the league beyond streaming games and into content creation as well as augmented-reality fan experiences.

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One Accounting Firm Wants to Hire Retirees

Mandatory retirement might seem like a relic but it remains common at accounting firms. But one firm in the top 100, PKF O’Connor Davies LLP, turns the practice upside down, seeking out and hiring senior accountants who have aged out at other firms.

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First GE, Now Rolls-Royce: Engine Maker Considers Spinoff

British aircraft-engine maker Rolls-Royce said it may sell its commercial-marine business, joining rival industrial giants such as General Electric in taking steps to reinvent themselves under activist investor pressure.

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China's VPN Crackdown May Aid Government Surveillance

It threatens to make emails and data transmissions by foreign companies more vulnerable, security analysts say.

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With Workplace Suicides Rising, Companies Plan for the Unthinkable

With instances of employees ending their lives at the office on the increase, companies are training managers to spot warning signs and cope with the aftermath.

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Senate Panel Again Votes to Back Powell as Fed Chief

The Senate Banking Committee on Wednesday voted for the second time to advance the nomination of Jerome Powell to be the next chairman of the Federal Reserve.

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Old-Age Safety Net Frays for Millions of Americans

Long-term-care insurance was supposed to help pay for nursing homes, assisted living and personal aides. Now, though, the industry is in financial turmoil, causing misery for many of the 7.3 million people who own a long-term-care policy.

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Fed's Kaplan Sees 3 Rate Rises This Year, but Says More May Be Needed

Dallas Fed President Robert Kaplan said he expects the U.S. central bank will need to raise interest rates three times this year and perhaps even more to prevent a robust economy from overheating.

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U.S. Industrial Production Rose 0.9% in December

U.S. industrial production rose sharply in December despite slow growth in the manufacturing sector, its largest component.

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Why Your Bags Can Stay Stuck for Days

The recent fiasco at JFK Airport reveals how airlines have little incentive to deliver your delayed luggage as quickly as possible.

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How Trump Has Remade the Rules for Business

The Trump administration in its first year has pushed for deregulation across industries. The effort has included high-profile actions, such as reversing Obama-era rules on internet traffic and power-plant emissions. But there have been hundreds of narrower steps as well. Here is a sampling of the major changes.

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Why Google Won't Search for Your Art Look-Alikes in Some States

Millions of people across the U.S. have downloaded an app to see how a Google algorithm matched their selfies to historical artwork. But for many residents of Illinois and Texas, the selfie tool was missing. The reason? State bans on the collection of biometric data.

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Dentsply Sirona Taps Outsider for CEO Following Forced Resignations

Dentsply Sirona has named a new chief executive, months after the dental supply company forced three of its top executives to resign following a soured merger.

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To Woo Amazon, Cities Tackle Everything From Traffic to Housing

Amazon’s contest to find a place for its second headquarters is spurring civic leaders around the country to confront municipal problems that have confounded lawmakers and local leaders for decades.

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Pipeline Builders Outflank Opposition with Expansions

As environmentalists and local activists make it difficult to build new oil and gas lines, energy companies are simply supersizing old pipes that already exist.

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Nissan Expects to Build New U.S. Plant

Nissan Motor’s chief executive said the company believes it will need to build a new plant in the U.S. in four or five years, when the car maker would be ready for another push to expand.

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Companies Tout Tax Benefits as Earnings Season Begins

Some of the biggest U.S. companies are promising significant annual savings, bigger pension contributions, higher dividend payments and more extensive stock buybacks as executives start to discuss the impact of the federal tax overhaul.

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Maersk, IBM Partner on Blockchain for Global Trade

Shipping giant Maersk said it would enter a joint venture with IBM to create a more efficient and secure platform for organizing global trade using blockchain technology.

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Ford Sees Lower Operating Profit on Earnings-per-Share Basis

Ford said it expects lower operating profit on an earnings-per-share basis in 2018, with higher commodity costs and adverse exchange rates offsetting gains from cost-cutting efforts and continued demand for high-margin pickup trucks.

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States, Activists Challenge FCC Rollback of Net-Neutrality Rules

State attorneys general and internet activists filed legal challenges to the Federal Communications Commission’s recent rollback of Obama-era internet regulations, launching a legal battle that could go on for years.

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Showmanship Is Still the Star at Detroit Auto Show

Auto makers rolled out a classic Mustang, trays of schnapps and even Arnold Schwarzenegger while unveiling new trucks and SUVs on the road to the era of electric and driverless cars.

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YouTube Subjecting All 'Preferred' Content to Human Review

YouTube is ordering workers to review thousands of hours of its most popular content and setting new limits on which videos can run ads, in moves to ease advertisers’ worries that their brands are showing up alongside offensive or controversial videos.

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Celgene in Talks to Buy Juno Therapeutics

Celgene Corp. is in talks to buy biotechnology company Juno Therapeutics Inc., just days after announcing another major deal to bolster its portfolio of blood-cancer drugs.

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You're Stuck With Batteries---But New Tech Will Make Them Last Longer

While batteries seem to be moving at a slower clip than other tech development, products and concepts on display at the annual CES trade show address some of our biggest power problems.

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A Slowdown Is in Store forthe Self-Storage Business

For most of the current economic expansion, the self-storage sector has been beating all other major commercial property types in earnings growth and stock performance. But growth is slowing as markets get flooded with new supply.

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The Antitrust Case Against Facebook, Google, Amazon and Apple

Facebook, Google, Amazon and Apple dominate their worlds just as Standard Oil and AT&T once did. Critics say they should get the same treatment. The answer to the antitrust question depends on a narrow test: Are consumers worse off?

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Ferrero Purchases Nestlé's U.S. Chocolate Business

Ferrero International, the Italian confectionery maker, muscled further into the North America market, agreeing to pay 2.8 billion Swiss Francs in cash to buy Nestlé’s U.S. chocolate business that includes the Butterfinger and BabyRuth brands.

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Going-Out-of-Business Sales Don't Always Mean Stores Are Closing

Sometimes liquidation sales can be effective negotiation tools. Of 17 retailers with more than 100 stores each that filed for bankruptcy in 2017, only Limited Stores Wet Seal, Vanity Shop and Hhgregg closed their entire fleet of stores for good.

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The Last Place on Earth Where Everyone Still Loves Kmart

The Guam location, by far the chain’s busiest store, is protected by an expanse of ocean from the rapidly changing consumer market, prospering in a kind of retail Galapagos.

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GM to Take $7 Billion Charge for U.S. Tax Overhaul

General Motors said 2017 pretax profit last year ended up at the high end of its previous forecast, but disclosed it will take a $7 billion write-down on deferred-tax assets stemming from the sweeping tax-overhaul bill passed last month.

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Chevron Returns to Iraqi Kurdistan's Oil Fields

Chevron is resuming drilling in Iraqi Kurdistan and taking steps to send staff there again, a sign that tensions between Baghdad and the Kurdistan Regional Government are easing.

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GE to Take Massive Charge to Shore Up Insurance Reserves

General Electric said it expects a $6.2 billion after-tax charge in its fourth quarter after reviewing GE Capital’s runoff insurance portfolio.

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Ericsson, Humbled by Huawei, Takes Another $1.8 Billion in Charges

Ericsson said it is writing down $1.77 billion in assets, the latest in a series of charges at the Swedish telecoms-equipment maker as it retools itself to better compete with nimbler Chinese manufacturers.

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UnitedHealth Profit Rises as Both Healthcare, Optum Businesses Grow

UnitedHealth’s quarterly profit beat analysts’ expectations and the health insurer raised its yearly outlook, as revenue from both its health care and health care services businesses increased.

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Energizer to Buy Spectrum's Batteries and Lighting Unit for $2 Billion

Energizer Holdings said Tuesday it will buy Spectrum Brands Holdings’s battery and portable lighting business for $2 billion in cash.

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Under Trump, the Business World Notches a Net Success

The tax overhaul that President Trump signed into law last month capped a year in which his initiatives on taxes, regulation—and many of his public pronouncements on the economy—have been broadly welcomed by business, even though his relationship with CEOs has sometimes stumbled.

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