Monday, April 30, 2018

WhatsApp Co-Founder Leaving Facebook After Dispute Over Ads

Jan Koum, a co-founder of Facebook’s WhatsApp unit, is leaving the messaging service after what people familiar with the matter described as disagreement over putting advertising on its app and frustration over the confines of working in a big company.

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Growing Concern: Foreign Investors Lose Some Hunger for U.S. Debt

Foreign investors’ appetite this year for U.S. debt hasn’t grown at the same pace as the government’s borrowing needs, which some analysts worry could push bond yields higher and eventually threaten to slow economic growth.

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Justice Department Urges Alternative Remedies in AT&T-Time Warner Merger

The Justice Department, making its final case against AT&T Inc.’s planned acquisition of Time Warner Inc., on Monday urged a judge to consider “alternative” remedies if he chooses not to block the merger outright.

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The Airport Lounge, Once a Refuge, Is a Total Zoo

Credit-card rewards programs have vastly expanded access, tarnishing that 1% feeling; scanty buffets and cheap Chardonnay.

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How Bad is the Labor Shortage? Cities Will Pay You to Move There

Instead of offering incentives to employers, small towns with unfilled jobs are handing out money, student-debt relief and home-purchase assistance to lure potential employees–one by one. It’s an uphill battle to compete with the opportunity and amenities found in larger U.S. cities.

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Mexico's Economy Picked Up Pace in First Quarter

Mexican economic activity accelerated in the first quarter, growing at its fastest rate in six quarters as industrial production recovered and services picked up pace.

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Trump Tariff Decision Looms, Setting Up a Global Nail Biter

European steel manufacturers were braced for new tariffs on their exports to America, as European Union efforts to avoid a trade war with the U.S. appeared to have failed.

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U.S. Inflation Hit Federal Reserve's 2% Target in March

Year-over-year inflation hit the Federal Reserve’s 2% target for the first time in over a year in March, a sign of strengthening U.S. inflation pressures that could encourage the Fed to continue lifting interest rates this year.

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Marriott Vacations Buying Timeshare Operator ILG for $4.7 Billion

Marriott Vacations Worldwide plans to buy timeshare company ILG for about $4.7 billion, the companies said Monday.

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Volkswagen, Didi Chuxing to Unveil Ride-Hailing Joint Venture

Volkswagen and ride-hailing giant Didi Chuxing are close to unveiling a joint venture to share technology and develop shared mobility services in China.

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U.S. Consumer Spending Bounces Back in March

Americans’ spending bounced back in March, while their incomes continued to grow, a sign consumers could drive better economic growth this year.

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A Limit to China's Economic Rise: Not Enough Babies

A rapidly aging workforce threatens the nation’s ambitions, but Beijing’s policies still discourage childbirth.

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For China, the U.S. Team of Trade Rivals Won't Be Easy to Please

China is rolling out the red carpet for a visiting U.S. delegation this week, including a session with President Xi Jinping and pledges to cut tariffs and ease regulations, but it will likely take more than that to head off a looming trade war.

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

In the week ahead, the U.S. will see data on personal income and spending and the April jobs report. Overseas, inflation figures from the eurozone are due, and Brazil’s central bank will release numbers on the country’s fiscal situation.

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Banks, Card Companies Explore Ways to Monitor Gun Purchases

As financial firms have come under pressure from both sides in the gun debate, banks and credit-card companies are discussing how they could track gun purchases in their payment systems. A move to monitor gun purchases would be contentious, highlighting concerns about the use of consumer data and Wall Street’s involvement in a sensitive political area.

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In Europe, Amazon.com Remains Out of Fashion

Amazon.com’s first international foray was in Europe two decades ago, but the internet behemoth is still playing catchup selling apparel and footwear online to Europeans.

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Retail's Other Problem: Too Few Clerks in the Store

Many of America’s biggest retailers, under assault from Amazon, have been slashing staff even faster than they have been closing stores, a dynamic that has left fewer clerks and longer checkout lines.

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WPP Shares Soar as Ad Giant Beats Forecasts in First Results Since Sorrell's Exit

Shares in WPP rose as much as 9% after the advertising giant beat analysts’ forecasts and opened the door to potential asset sales in its first financial update since the departure of founder and Chief Executive Martin Sorrell.

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Starbucks's Troubles Can Be a Test for Anti-Bias Training: Does It Work?

The giant coffee chain’s plan to train all its employees about prejudice presents an opportunity to learn how well those programs perform.

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Workplace Advice I Wish I Had Known

A longtime Wall Street Journal editor has some tips on navigating workplace issues, including rampant gender bias, for her younger self—and everyone else.

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Walmart to Merge British Unit Asda With U.K. Rival Sainsbury

Walmart is to merge its British arm Asda with U.K. rival J Sainsbury, creating the country’s largest grocer with revenue of around $70 billion.

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AI Tools Find New Customers for Companies

Automated assistants find and engage potential buyers before handing them off to a human.

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Sunday, April 29, 2018

'Avengers: Infinity War' Sets Domestic and Global Box-Office Records

Walt Disney’s “Avengers: Infinity War” set new records for the biggest domestic and global opening of all time this weekend, collecting an estimated $250 million in the U.S. and Canada and $630 million around the world.

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Prologis Nears Deal to Buy DCT

Prologis Inc. is nearing an agreement to buy logistics provider DCT Industrial Trust Inc. in a deal that could be valued at about $8 billion or more, according to people familiar with the matter.

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U.S. Tax Revamp Weakens Case for Companies to Shift Profit Overseas

The new tax law’s 21% corporate rate and revised system of rules for money earned at home and abroad were a message to American companies: Come invest at home. Tax experts say it will work—but with limitations and caveats.

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Sprint, T-Mobile Agree to $26 Billion Merger

The boards of Sprint and T-Mobile have agreed to an all-stock merger that, if allowed by antitrust enforcers, would leave the U.S. wireless market dominated by three national players.

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Walmart Looks to Scale Back in U.K. and Brazil, With an Eye on India

Walmart, the world’s biggest retailer, has concluded it can’t take on the whole world by itself.

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Fed Rate Plans Come Under Pressure

Federal Reserve officials meeting this week are likely to hold interest rates steady, but signs of stronger price and wage pressures will prompt talks on whether enough is being done to contain inflation.

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DOJ's Case Against AT&T Merger Has Been a Slog

With closing arguments set for Monday, the Justice Department has a final chance to frame its arguments after five weeks of testimony featuring few major revelations.

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Cold Shipping in Hot Demand as World Craves Fresh Food

One of the hottest markets in shipping is “reefers”—refrigerated containers that can keep food fresh for more than a month, allowing distributors to meet demand for more-expensive foods.

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Samsung Ownership Overhaul Could Loosen Lee Family's Grip

Samsung plans to simplify the complicated ownership structure of the conglomerate, people familiar with the matter said, answering critics who say it benefits the ruling Lee family over other shareholders.

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Saudi Aramco Shakes Up Board, Adds First Female Director

Saudi state-oil giant Aramco reshuffled its board, adding five members including its first-ever female director, as it prepares for a public listing.

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SoftBank Chief Eases Hard Stance on Sprint

SoftBank Group chief Masayoshi Son has insisted he must maintain control of U.S. mobile carrier Sprint, but as a possible T-Mobile US merger nears, his attitude appears to be changing

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Saturday, April 28, 2018

Steve Wynn Sues Former Wynn Resorts Employee

The former chief executive of Wynn Resorts filed a defamation lawsuit this week against a former Wynn Resorts employee.

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Turmoil in Toyland

Toy Makers struggle as Toys “R” Us liquidates its stores. But Hasbro looks more agile than Mattel, and could revive its takeover bid.

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Walmart Looks to Pull Back in U.K. as Rivals Gain Sway

Walmart is in advanced talks to sell a majority stake in its U.K. grocery chain Asda to Sainsbury, a sign that the retailer aims to reduce risk in one of the world’s most competitive markets as local players consolidate.

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U.S.-China Trade Spat Puts Southeast Asian Leaders on Edge

Leaders at a regional summit worry that their countries are among the most exposed to the negative effects of a trade war, with the knock-on costs of tariffs likely to ripple through global supply chains, costing billions of dollars in lost income.

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Metal Buyers Race to Secure Supplies Ahead of Tariff Decision

Manufacturers are racing to shore up supplies of steel and aluminum, as the Trump administration considers an end to some tariff exemptions on Tuesday that could tighten supplies and push prices of both metals up further.

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Friday, April 27, 2018

Tom Brokaw Denies Former Reporter's Sexual Harassment Claim

Former ‘Nightly News’ anchor Tom Brokaw denied a former NBC News reporter’s accusation that he made a forceful sexual advance on her in 1994.

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Sanctioned Russian Oligarch Distances Himself From Rusal

Russian billionaire Oleg Deripaska has agreed to sell down his majority ownership in EN+ Group, the U.K.-listed holding company that owns 48% of aluminum giant Rusal.

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McDonald's Earnings: What to Watch

Fresh beef and value meals will be on the menu when McDonald’s reports first-quarter earnings before the market opens Monday.

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Sprint Nears Deal to Combine With T-Mobile US

Sprint is nearing an agreement to combine with T-Mobile US, hoping that its third effort to unite the nation’s third- and fourth-largest wireless carriers will succeed

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Regulators Hunt for Source of Lettuce-Borne E.Coli Outbreak

The difficulty in tracking bacteria in romaine lettuce that has sickened more than 80 people shows complexity of the U.S. food supply chain

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Cable TV's Cord-Cutting Woes Deepen, Highlighting Divergence With Netflix

Charter Communications’ sour first-quarter results delivered further evidence for Wall Street that stepped-up cord-cutting and slower broadband customer growth are putting telecom companies at a disadvantage to tech giants like Netflix.

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PPG Will Cut 1,100 Jobs Amid Growing Material Costs

PPG Industries said it would cut 1,100 jobs in part to offset rising costs for the raw materials it uses to make paints and coatings.

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Wynn Resorts CEO Proposes Taking Wynn Name off Boston Casino Project

The CEO of Wynn Resorts told Massachusetts regulators he wants to remove the name “Wynn” from a $2.5 billion casino project the company is building in the Boston area.

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IPG Says 'Bleeding' From Consumer-Good Ad Spending Cuts Is Slowing

Advertising spending cutbacks by packaged-goods brands appear to be slowing, said Interpublic Group of Cos. Chief Executive Michael Roth, during the company’s first-quarter earnings call

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Americans' Confidence Slips But Remains Historically High

Americans’ confidence in the economy slipped this month but remains high compared to historical levels.

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Europe's Mixed Economic Fortunes Complicate Path for Stimulus

Europe’s economies displayed mixed fortunes in the first three months of the year, injecting a fresh source of uncertainty as central banks consider further steps to withdraw crisis-era stimulus.

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Big Oil Firms Hold Back on Drilling

The world’s biggest oil companies are awash in cash, thanks to rising crude prices. But few, if any, are going on spending sprees, even as the prospect of a global oil shortage looms.

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The Car of the Year That Few Americans Want

The new Accord received rave reviews when it went on sale in October and won North American Car of the Year at the Detroit auto show in January, but the customers haven’t followed.

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Teens Worry About Getting Summer Restaurant Jobs. Parents Worry About Sexual Harassment

As the first summer of the #MeToo era approaches, many teenagers and their parents are increasingly mindful of the possibility of sexual harassment in the workplace. And restaurants, the nation’s largest employer of teens, are paying more attention, too.

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U.S. Economy Grows at 2.3% Rate in First Quarter

The U.S. economy grew moderately in the first quarter, as robust business investment helped to offset weak consumer spending.

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U.S. Employment Costs Rose Solidly In First Quarter

Compensation for American workers grew at a faster clip in the first quarter, signaling historically low unemployment might be starting to put upward pressure on companies’ labor costs.

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World Bank's New Chief Economist Is Expert on How Trade Can Drive Inequality

The World Bank has appointed Yale University’s Pinelopi Koujianou Goldberg, a leading academic who has probed how international trade can fuel inequality, as the bank’s new chief economist.

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Reversal in Indonesia Slams Freeport, an Investor Favorite Last Year

A 19% tumble in Freeport McMoran shares this week is signaling dwindling investor confidence that the company can quickly settle a protracted battle with Indonesia over a giant copper mine.

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Fujifilm Agrees to Discuss Changes to Xerox Deal

Fujifilm plans to discuss possible changes to its deal for a majority stake in Xerox, having been asked to do so by Xerox, which is being sued over the deal by one of its leading shareholders.

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Nokia, Ericsson Show Signs of Life as Rivals Hit Bumps

Two struggling companies that once dominated the telecommunications-equipment market are showing renewed signs of optimism, just as their two main competitors—both from China—are hitting hurdles.

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Sony Posts Record Operating Profit

Sony reported the highest fiscal-year operating profit in its 72-year history, signaling the company is firmly back on a growth track after years of losses.

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Baidu Shares Rise on Strong Earnings

Chinese search-engine giant Baidu Inc. beat analyst estimates for its first-quarter sales and profit, buoyed by strong online advertising.

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The Power of a Disruptive Leader

When Jim McNerney took over Boeing in 2005, he flew it into a hurricane. Turbulence led to sore feelings, and it was up to the guy who came next to land the plane.

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A Brief History of the Music Industry

From the invention of the phonograph in 1877 to the boom in streaming services today, the music industry has had to constantly adapt to emerging technology. In this video, we explore whether music can continue to reinvent itself to survive.

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Wynn Resorts CEO to Face Massachusetts Gambling Regulators

Matt Maddox, chief executive of Wynn Resorts, is set to appear before Massachusetts regulators who have questions about its $2.5 billion casino project outside Boston and whether ties remain to former CEO Steve Wynn.

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Lights, Cameras But Little Action for China's New Film Capital

Dalian Wanda Group spent nearly $1 billion to build Wanda Studios Qingdao, a state-of-the-art complex meant to be the new center of the global movie industry—but it is having trouble attracting big-budget Hollywood productions.

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Airbus Cuts Production Plans for A330 Jet

Airbus, after posting a 31% decline in first-quarter profit and following recent losses to rival Boeing on orders from U.S. carriers, said it plans to build about 50 of its A330 jets annually starting in 2019, after delivering 67 last year.

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Thursday, April 26, 2018

Amazon More Than Doubles Its Profit

The online retail firm more than doubled its quarterly profit despite spending heavily on building more warehouses and devices, as well as bulking up on assets for its delivery network and video content.

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Microsoft Rides Cloud Strength, Signals More to Come

Microsoft extended its streak of wins in the latest quarter as it moves into an era where its Windows franchise plays a supporting role to its burgeoning cloud-computing operations.

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Intel's Higher Profit Shows Firm Shaking Off Chip Flaws

Intel’s quarterly profit rose as the chip giant showed no impact from revelations earlier this year of critical security flaws in its processors.

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Starbucks Chief Vows to Learn From Philadelphia Arrests

Starbucks CEO Kevin Johnson promised to prevent an incident like the arrest of two black men at one of its coffee shops in Philadelphia this month from happening again.

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AT&T's Tab Awaiting Time Warner Takeover Hits $1.4 Billion

Even if a federal judge sides with AT&T Inc. in its fight to take over Time Warner Inc. for $85 billion, victory won’t have come cheap.

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Time Warner Operating Profit Falls on Higher Costs

Time Warner adjusted operating income fell more than 8%, dropping across Turner, HBO and Warner Bros., as rising expenses offset revenue gains in some segments.

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Hopes for U.S. Tariff Exemptions Fade in Europe

German officials expect the White House to make good on its threat to impose higher tariffs on EU steel and aluminum, turning a meeting between Angela Merkel and Donald Trump into the last chance to avert a trade war.

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UPS's Balancing Act: More Packages, Less Spending

Executives spoke often of accelerating a review of the company’s operations after it reported its latest quarterly results.

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Colleges Encourage Some Alumni to Postpone Payments on Loans

The practice allows the schools to skirt regulatory oversight while causing the student-loan balances to rise, a Government Accountability Office report said.

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Air India Sale Hits Roadblock Amid Government Restrictions

Indian Prime Minister Narendra Modi’s plan to privatize national carrier Air India seems to be floundering with some of the country’s biggest carriers opting out of the sale.

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Amazon Expected to Report Sharp Rise in Sales

Amazon.com is slated to report earnings later Thursday and analysts expect it to post higher revenue for the latest period.

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Microsoft Earnings: What to Watch

Microsoft is slated to report earnings later Thursday and is expected to report higher revenue than a year ago.

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Intel Earnings: What to Watch

Intel is scheduled to report first-quarter earnings after the market closes Thursday. Here’s what you need to know.

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U.S. Jobless Claims Drop to Lowest Level Since 1969

The number of Americans applying for unemployment benefits fell to the lowest level since 1969, the latest sign the labor market is firming after years of steady job growth.

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U.S. Durable-Goods Orders Rose 2.6% in March

Demand for long-lasting U.S. factory goods rose in March due to increased aircraft orders, but an underlying proxy for business investment fell.

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Investors Seek Clues From Draghi After ECB Maintains Policy Mix

The European Central Bank pushed back a decision on the future of its easy-money policies, leaving its large monetary stimulus unchanged amid fractious financial markets and signs that the eurozone economy is slowing.

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Southwest Forecasts Weaker Bookings After Fatal Accident

Southwest Airlines warned of weaker revenue ahead as the company continues to deal with the fallout of last week’s fatal accident following an engine blowout on a flight from New York to Dallas.

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GM's Profit Sinks on Restructuring, Other Costs

GM’s first-quarter net income sank 60% amid hefty restructuring costs in South Korea and lost production in the U.S. from planned factory downtime.

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The Million Dollar Cancer Treatment No One Knows How to Pay for

A new wave of genetic-based therapies for treating cancer are creating sticker shock, as the drugs and related care for a single patient can run up close to a million dollars.

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New Volkswagen CEO Gets Off to a Strong Start

New Volkswagen Chief Executive Herbert Diess’s tenure got off to a strong start as the auto giant reported a rise in sales and said its broad revamp was on track.

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EU Presses Tech Firms on Search Results, Fake News

The European Union tightened its effort to rein in tech giants like Alphabet’s Google and Facebook, advancing several measures that aim to shape the way they operate in Europe.

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SoftBank in Talks to Buy IPO Shares of Chinese Electric-Car Maker NIO

Japan’s SoftBank Group Corp. is in talks to purchase a large chunk of shares in the upcoming initial public offering of Chinese electric-vehicle maker NIO, according to people familiar with the matter, a move that could help bolster a multibillion-dollar valuation for the startup.

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Nintendo Names New CEO After Success of Switch

Nintendo CEO Tatsumi Kimishima will step down in June—to be succeeded by Shuntaro Furukawa—following the success of the Switch game machine, which helped more than double the company’s revenue.

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Beijing Ready to Hit Back if U.S. Curbs Chinese Investments

The U.S. threat of investment restrictions is already dampening the enthusiasm of Chinese businesses, with some canceling or slowing plans to invest in the American market.

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Tesla's Autopilot Hit With More Turmoil as Leader Departs for Intel

The head of Tesla’s Autopilot semiautonomous-driving system departed for Intel, adding new turmoil to a key program for the auto maker that is already beset by executive departures and safety questions.

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Shell Profit Soars on Oil Recovery

Royal Dutch Shell reported its highest quarterly net profit since 2013, as higher oil prices and years of cost cutting boosted earnings.

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Wednesday, April 25, 2018

AT&T's Revenue Suffers as Cord-Cutters Hurt

AT&T Inc.’s quarterly revenue declined as growth in the company’s streaming video service wasn’t enough to offset losses of more profitable wireless and satellite accounts.

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Ford's Profit Rises Amid Progress on Cost Cutting

Ford Motor Co.’s first-quarter net profit rose 9% from a year earlier and the company now expects to hit its 8% margin target two years ahead of schedule.

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Higher Prices Lift Chipotle Revenue, Comparable Sales

Chipotle Mexican Grill Inc. reported its revenue rose 7.4% in the latest quarter as the quick-service restaurant chain got a boost from higher prices on menu items.

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Facebook Revenue Surges Nearly 50%

Facebook recorded rising revenue and profits in the first quarter as advertisers were undeterred by controversies around the site’s mishandling of user data and struggles to police its platform.

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Qualcomm's Profit Tumbles as Royalty Disputes Continue

Qualcomm said its profit plunged 52% from a year earlier as it dealt with a tangle of challenges, including Apple and Huawei Technologies continuing to withhold royalties.

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Danaher Approached GE About Deal for Life-Sciences Unit

Danaher recently expressed interest in a deal for GE’s life- sciences business, but GE didn’t engage and isn’t interested in a deal.

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Chinese Tariffs' Perfect Target: American Ginseng

Ginseng grown on farms in central Wisconsin is the world’s most expensive, with exports to China doubling in the past decade—so it’s no wonder farmers in the region are bracing for the effects of China’s 15% tariff.

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American Express Advances in Effort to Access China Market

American Express cleared a hurdle in its yearslong effort to operate in China, potentially becoming the first U.S. card network to offer services in the Chinese market.

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What Willie Nelson Thinks About Vaporizers

The iconic artist behind the new album ‘Last Man Standing’ on crafting songs via text, life on the bus and his beat-up guitar.

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NBC Bet $69 Million on Megyn Kelly---Then Viewers Vanished

The former Fox News star was supposed to bring a bigger audience for ‘Today.’ Instead, ratings declines and high production costs have been a drag on a critical franchise, an expensive reminder of how the heyday of the star network anchor has passed.

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Huawei Under Criminal Investigation Over Iran Sanctions

The Justice Department is investigating whether Huawei violated U.S. sanctions related to Iran, opening a new avenue of scrutiny amid wider national-security concerns over the Chinese cellular-electronics giant.

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Takeda Nears Shire Deal as Japanese Companies Chase Growth Overseas

Takeda is near a deal worth more than $60 billion to buy European drugmaker Shire, having raised its bid four times in a sign of how ardently Japan’s legacy companies are pursuing growth abroad as sales at home slow.

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Viacom Says Turnaround On Track in Bid to Shore Up Business

Viacom reported easing sales declines and rising profit in the most recent quarter, as the media company works to prove its turnaround plan remains on track.

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GE Investors Gather After a Difficult Year

General Electric shareholders will gather Wednesday at a company facility outside of Pittsburgh to elect a restructured board after a difficult year at the industrial conglomerate.

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Financial Deregulation Throws Fuel on Already-Hot Economy

Moves to ease post-crisis rules are spurring lending and risk-taking at a time when the industry is lowering its own standards amid a near-record economic expansion.

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Amazon Childproofs Echo Speakers, Adds Age-Appropriate Audio Content

An update to Echo will let owners turn on a setting that locks down certain functions, adds new controls and transforms artificially intelligent Alexa from virtual assistant to virtual nanny.

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Boeing Boosts Full-Year Guidance

Boeing boosted key financial guidance for 2018, in a sign the aerospace company isn’t being affected by supply-chain issues and broader concerns over the impact of shifting global trade policies.

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Twitter Remains Profitable As It Continues to Add Users

Twitter reported its second profitable quarter as a publicly traded company, a sign of vindication for a company that has long worked to turn the attention of its users into a viable business.

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What Tariffs Could Mean for Your New TV This Holiday Season

The Trump administration’s proposed tariffs on Chinese imports include a 25% levy on TVs and related components—which two trade groups say could push up overall TV prices in the U.S. by 4%.

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Comcast Formally Submits Bid for U.K. Broadcaster Sky

Comcast posted strong earnings growth despite its fourth straight quarter of cable-TV subscriber losses, as the cable giant makes official its $31 billion bid to buy European pay-TV operator Sky.

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Health Care's New 'Skinny Plans': Winners and Losers

Insurers are expected to roll out new “skinny” health plans that offer a cheaper alternative to Affordable Care Act coverage to consumers who buy their own insurance. But critics say buyers may be risking big bills if they get sick. This video looks at the new plans’ potential winners and losers.

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Lightning Hazards Prompt Boeing to Fix 787 Jets

Boeing Co. is enhancing software on current and future 787 jetliners to prevent electrical spikes generated by lightning storms from potentially disabling cockpit instruments, after investigating an unexpected failure in cockpit displays on a United Airlines 787 Dreamliner flight in 2014.

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Mapbox Hires Former Tesla Autopilot Designer to Rethink Driverless-Car Maps

Brennan Boblett, who helped pioneer the look of touch screen interfaces in increasingly autonomous vehicles, is joining well-funded startup Mapbox to help create digital maps for passengers in driverless cars.

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Trump Faces Pressure in Fight Over Ethanol Mandate

President Donald Trump faces growing pressure to resolve a dispute between the oil industry and the Farm Belt over ethanol mandate.

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The 'Amazon Effect' Stings Consumer-Staples Stocks

Consumer-staples stocks have fallen 13% this year as investors once attracted to the steady payouts of companies selling goods like breakfast cereal, toothpaste and razors shop elsewhere.

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How to Get More Women in the Boardroom? Some Try Blunt Force

The U.S., once the leader in female directors, is lagging Europe where mandates have forced corporations to boost the ratio of women holding board seats.

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Facebook Earnings: What to Watch

Facebook is scheduled to announce first-quarter earnings after the market closes Wednesday.

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Qualcomm Earnings: What to Watch

Qualcomm is scheduled to announce earnings for its fiscal second quarter after the market closes Wednesday. Here’s what you need to know.

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eBay Earnings: What to Watch

eBay, which is slated to report earnings later Wednesday, is expected to post higher revenue in its latest quarter and executives may touch on the U.S.-China trade spat.

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The New Gmail: More Smarts, More Security... More Clutter

For its Gmail redesign, Google put tasks, calendars, notes and email on a single screen, so now you can live your whole work life in one app.

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Tuesday, April 24, 2018

Harvested Facebook Data Didn't Prove Useful, App Developer Says

Aleksandr Kogan, developer of the app that harvested data on millions of Facebook users and was shared with Cambridge Analytica, told U.K. lawmakers that the data wasn’t useful for microtargeting ads.

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Yahoo's Successor to Pay $35 Million in Settlement Over Cyberbreach

Yahoo’s response to a 2014 hack of hundreds of millions of user accounts drew a $35 million fine from regulators, the first time a public company has been penalized over its handling of a cybersecurity breach.

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FDA Seeks Documents From Maker of Juul E-Cigarettes, Popular With Teens

The Food and Drug Administration on Tuesday said it was moving to crack down on the sale of e-cigarettes to minors, targeting Juul Labs Inc., the maker of one of the U.S.’s most popular such products.

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Gucci Sales Rise on North American Strength

Gucci continued to ring up sales in its latest quarter on the strength of its name in the U.S. Sales in North America led the way, rising 64%, Kering, Gucci’s corporate parent, said.

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Apple Takes a Step on Payment of Back Taxes to Ireland

Apple Inc. completed an agreement with Ireland that will allow it to transfer roughly about €13 billion into a Dublin escrow account, in a step toward complying with a European Commission order to pay back taxes.

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Greece's Business Prospects Brighten After Lost Decade

As economic growth returns to Greece after a decade of crisis, so are some businesses that once wrote the country off.

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At Southwest Airlines, the Minutes After Disaster Struck

How top management, using updates from the cockpit and passengers’ phones, put the emergency-response plan into action in Philadelphia and Dallas.

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Takeda Makes Last-Gasp Move for Rival Drugmaker Shire

Takeda made a fifth takeover proposal for rival drugmaker Shire, a last-ditch move by the Japanese company that would likely value the rare-drug specialist at more than $60 billion.

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Verizon Holds Its Ground in Wireless Market

Smartwatches and connected cars helped Verizon Communications Inc. defend its wireless-customer base as the carrier lays the groundwork for next-generation service at the end of the year.

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As ECB Contemplates Rate Move, Storm Clouds Gather

Trade disputes and a stronger currency are threatening a hard-fought economic recovery in the 19-nation eurozone, potentially delaying a move by the ECB to follow the Federal Reserve in increasing short-term interest rates.

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U.S. Consumers More Confident in Economy

Americans’ optimism increased this month, another sign the U.S. economy remains strong.

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U.S. New Home Sales Rose in March

U.S. new-home sales rose solidly in March for the second consecutive month, a sign of resilience in one segment of the housing market.

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Fare Increases in Focus as Airlines Report This Week

U.S. carriers can’t always manage the ups-and-downs of the economic cycle. Will quarterly results this week show whether they have changed for the better?

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Caterpillar Sales Jump on Strong International Demand

Caterpillar’s sales jumped 31% in the first quarter on strength in construction and mining markets around the world.

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Harley-Davidson Sees Ramp-Up in International Riders

Harley-Davidson shipped more motorcycles to customers outside the U.S. in its latest quarter, even as sales in its home market continued to decline. Still, the company’s earnings beat expectations.

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Coca-Cola Earnings Boosted by New Diet Flavors

Coca-Cola’s Diet Coke returned to volume growth in North America for the first time since 2010 after the drinks company added four new flavors.

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Home Prices Continued to Rise in February

Home-price gains accelerated in February for the 70th-consecutive month, creating increasingly challenging conditions for buyers as interest rates also rise and inventory remains tight.

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Nafta Proposal on Foreign Investments Jolts Energy Firms

Expanding Nafta to cover oil trade has many backers. But energy companies are balking at a U.S. bid to drop a rule meant to protect investors from government intervention.

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Amazon Can Now Deliver Packages to Your Car

The company said it has teamed with General Motors Co. and Volvo Cars to start offering in-car deliveries, giving its couriers access to potentially millions of vehicles in 37 U.S. markets.

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Controversial New Milk Shakes Up Big Dairy

An upstart milk company’s success in marketing a controversial type of milk that is supposed to be easy to digest has some big dairy companies setting aside their skepticism to introduce their own versions.

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More Companies Are Selling Assets to Raise Cash for Growth

An increasing number of global companies plan to sell assets in the next two years as a way to narrow strategic focus and funnel funds to stronger areas of the business.

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Lockheed Boosts Full-Year Guidance

Lockheed Martin Corp. on Tuesday boosted its full-year guidance alongside forecast-beating quarterly earnings as sales of fighter jets and weapons overseas continued to rise.

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Elliott's New Korean Target May Prove Willing

The activist investor has published its proposal to revamp Hyundai. It may not get everything it asks for, but it could still generate some good returns.

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In ZTE Battle, U.S. Suppliers Are Collateral Damage

American companies that supply chips, antennas and other gear to ZTE are bracing for a sizable revenue loss after the U.S. said they no longer would be able to sell components to the Chinese telecommunications giant.

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Google Parent Posts Surge in Profit, but Expenses Also Jump

Alphabet posted surging profits as advertisers kept swarming to the search giant amid a global debate about internet privacy that threatens to affect its main revenue generator.

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Chinese Ride-Hailing Giant Didi Chuxing in Talks for IPO

Didi Chuxing Technology is holding discussions about a multibillion-dollar initial public offering that could happen as soon as this year, as it looks to amass a large war chest to fend off rivals in China and other countries.

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Monday, April 23, 2018

Viewers Spurn the Telenovela for a New Love: Netflix

New competitors are forcing Televisa and other Latin American broadcasters to develop real-life, edgier dramas and crime stories to replace the torrid romances that once enthralled millions.

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EU Probes Apple's Planned Acquisition of Shazam

European Union antitrust authorities on Monday opened a full-blown probe into Apple Inc.’s proposed acquisition of the popular song-recognition app Shazam Entertainment Ltd. on concerns the deal could reduce choice for users of music-streaming services.

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Qualcomm's No Good, Very Bad Streak

Qualcomm stepped into the escalating spat between the U.S. and China. Now it is grappling with the fallout.

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U.S. Hospital Profits Fall as Labor Costs Grow and Patient Mix Shifts

One important measure of U.S. hospital profits last year reached a low not seen in the past decade, as a tight labor market and other factors pressure hospital finances.

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Why Working on the Railroad Comes With a $25,000 Signing Bonus

Railroad workers are being offered signing bonuses of up to $25,000 to join BNSF Railway and Union Pacific as the freight railroads struggle to fill jobs in a historically tight labor market.

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For Warehouse Workers, Technology Starts to Look More Like Home

Smartphones, apps and even emojis are finding their way to logistics operations as companies look to lure workers raised on mobile tech.

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Volkswagen Plans First U.S. Bond Sale After Emissions Scandal

Volkswagen is planning its return to the U.S. bond market for the first time since its emissions scandal, a move that would seal a successful turnaround for the German auto maker.

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Alphabet Earnings: What to Watch

Google parent Alphabet is scheduled to announce first-quarter earnings after the market closes Monday.

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Sears CEO Calls for Breakup, Offers to Acquire Kenmore

Sears Holdings CEO Edward Lampert is offering to purchase the Kenmore appliance brand and other Sears units after the struggling company was unable to find other buyers for the assets, breaking apart his retail empire in a bid to save it.

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Hasbro's Sales Take a Hit From Collapse of Toys 'R' Us

Hasbro blamed a 16% decline in first-quarter sales on the liquidation of Toys “R” Us Inc. and sped up plans to overhaul its sales organization for a world where more toys are sold online.

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Southwest Cancels 40 Flights for Engine Inspections

Southwest Airlines canceled a small number of fights Sunday to perform engine checks in the wake of an accident that killed one of its passengers.

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Elaine Wynn Launches Effort to Remove a Wynn Director

Wynn Resorts’s largest shareholder is launching a campaign to remove one of three board directors investigating sexual-misconduct allegations against former Chief Executive Steve Wynn.

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Newell Brands Strikes Deal to Avoid Proxy Battle

Newell Brands and Carl Icahn have reached a deal in which Mr. Icahn will give up board seats he recently won in favor of candidates supported by activist fund Starboard.

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Humana-Led Group to Buy Hospice Operator in $1.4 Billion Deal

A consortium that includes health insurer Humana is buying hospice operator Curo Health Services for about $1.4 billion, looking to expand into the home health-care business.

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China's Didi Chuxing Launching Ride-Hailing Service in Mexico

China’s Didi Chuxing is launching its ride-hailing service in Mexico in the latest challenge to rival Uber as it seeks to take its services beyond China.

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U.S. Existing-Home Sales Rose in March

Sales of previously-owned U.S. homes grew in March for the second consecutive month. Existing-home sales increased 1.1% in March from the previous month.

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U.S. Extends Deadline for Investors to Disentangle From Rusal

The U.S. Treasury extended the deadline for investors to exit their dealings with sanctioned Russian aluminum giant Rusal after America’s European allies complained Washington’s latest punitive actions put their companies at risk.

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Why the French President Has the Best Chance to Temper 'America First'

Emmanuel Macron, who is visiting Washington, is a suave globalist, in contrast to Donald Trump, who is a brash nationalist. But the French leader may stand a better chance of drawing the U.S. president back into the global fold than anyone.

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A 20% Business Deduction? Here Are the Obstacles

Congress just created a new tax break for millions of pass-through businesses. But every business owner doesn’t automatically qualify. WSJ’s Richard Rubin overcomes the obstacles to claim the 20% pass through business deduction—on an actual obstacle course.

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Japan's Central Bank Has Hopeful Forecast for Effect of Sales-Tax Increase

The Bank of Japan believes the nation can withstand a sales-tax increase scheduled for next year and avoid the sharp slowdown that followed earlier increases.

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Trump's Message to Congress: New Nafta or No Nafta

The Trump administration is pushing hard to finish talks on Nafta over the next two weeks and is considering tough tactics to get Congress to approve a new deal.

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Sunday, April 22, 2018

Tencent Music Plans IPO; Valuation Could Exceed $25 Billion

Tencent Music, China’s largest music-streaming company, is preparing what would be one of the largest tech IPOs ever following the successful debut of its European counterpart Spotify.

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Retirement Shock: Need to Find a Job After 40 Years at General Electric

GE’s unraveling has wiped out roughly $140 billion in stock-market wealth in the past year, not just for big Wall Street firms but among former employees who, like many small investors, long believed the company invincible.

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Oil Prices Are Fast Approaching $70. Is The Economy Ready?

Oil prices at $70 a barrel are seen as a bearable weight on the U.S. economy for now, but could pose trouble if they keep climbing.

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U.S.-China Trade War is Bad News for Google's Expansion

The barring of Chinese smartphone maker ZTE by the U.S. government from working with American companies is an unforeseen challenge for Google in a bid to get its mobile software in the hands of wider swaths of users.

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Amazon's Typical Worker Is in a Warehouse Making $28,446 a Year

Median pay at Amazon reveals the predominantly blue-collar nature of its workforce, which sets it apart from tech peers Facebook, Apple and Google-parent Alphabet Inc.

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Who Has More of Your Personal Data than Facebook? Try Google

Google’s data-gathering empire is bigger and more pervasive than Facebook’s—and while it hasn’t been plagued by scandal, it can’t evade scrutiny forever.

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Korean Air's Notorious Sisters Resign as Executives

The head of Korean Air Lines Co. said Sunday that his two daughters had resigned their positions at the company after an uproar over allegations that they had abused their subordinates.

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Overseas Markets Beckon U.S. Hospital Firms Hungry to Expand

Slower to globalize than many other sectors, the U.S. hospital industry is now looking beyond American borders for deals in Asia and other markets, where it hopes to hedge exposure to domestic pressures.

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Saturday, April 21, 2018

White House Backs Funding Increase for World Bank

The Trump administration is setting aside its skepticism of big international institutions that manage the global economy, in part because it wants to use the World Bank as a counterweight to China’s growing international influence.

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GM Veteran Joins Race for the Next Tesla

Deep-pocketed investors looking to create the next Tesla are turning to seasoned automotive executives for help making sense of the complicated and capital-intensive car business.

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China's Xi Jinping Outlines Vision For Future as Technology Power

Chinese President Xi Jinping outlined an updated vision for China’s future as an internet and technology power, pledging more state support for sectors caught in the cross-hairs of a trade fight with the U.S.

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Starbucks Lacks Clear Guidance for Employees on Nonpaying Customers

Starbucks doesn’t appear to have a written policy on how long customers are allowed to hang out in its cafes without buying anything—a lack of clarity that became evident after two black men were arrested at a Philadelphia outlet.

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Ford CEO's Cost-Cut Plan in Focus During Its Slump

Jim Hackett is trying to make changes. But the auto maker is ‘burning a lot of cash in a lot of places,’ says one analyst.

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The Dreaded Wedding Decision: Which Co-Workers to Invite?

The question of which work friends make the cut can create awkward moments at the office.

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U.S. Questions Cosco's Takeover of Cargo Terminal in Long Beach

A U.S. national-security review has raised concerns about Chinese state-run conglomerate Cosco Shipping taking control of a large container terminal in Long Beach, Calif., according to people familiar with the matter.

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Friday, April 20, 2018

Mnuchin Calls for IMF to Increase Transparency of Surging Chinese Infrastructure Lending

Treasury Secretary Steven Mnuchin called on the IMF and World Bank to launch a “joint action plan” to better highlight the rapid run-up in debt associated with China’s lending for international infrastructure projects.

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OPEC, Russia Back Continued Oil Cuts, Drawing Trump Ire

A group of some of the world’s biggest crude producers said they would keep a tight grip on output for the rest of the year, and perhaps into next, spurring President Donald Trump to call oil prices “artificially very high.”

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U.S. Arm of Insurer AXA Seeking to Raise $4 Billion in IPO

AXA Equitable Holdings, the U.S. arm of the French insurer AXA, plans to begin showcasing itself to investors next week for what would be the biggest U.S.-listed IPO of the year so far, measured by amount of money raised.

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Airline Regulators Call for Emergency Inspections of Boeing 737 Engines

U.S. aviation regulators in the wake of this week’s fatal Southwest Airlines accident imposed emergency inspection requirements for jet engines that power many Boeing 737 jetliners around the world.

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U.S. Probes Wireless Carriers' Work on SIM Card Alternative

The U.S. Justice Department is investigating whether U.S. wireless carriers and an industry trade group teamed up to make it harder for cellphone subscribers to switch providers.

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At Walmart, the CEO Makes 1,188 Times as Much as the Median Worker

Walmart Inc. paid its median worker $19,177 last year, while Chief Executive Doug McMillon earned $22.8 million, according to a securities filing.

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Farm Linked to Egg Recall Had Rodent Problems, Report Finds

An FDA report found a North Carolina facility owned by Rose Acre Farms, at the center of a salmonella outbreak and recall of millions of eggs, was infested with rodents and had unsanitary conditions.

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Ford to Seek Bids for Parts of Advertising Business, in Blow to WPP

Ford Motor has decided to open portions of its advertising business to bids, dealing a blow to its incumbent agency, WPP.

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Committee Proposes Limiting Use of Panels Linked to High-Rise Fires

A committee for the group that writes building codes for the U.S. recommended this week a sweeping rollback for the use of exterior metal panels that have been linked to high-rise fires.

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Top ECB Officials Give Different Takes on the Economy

Two of the European Central Bank’s most influential officials offered differing interpretations of an apparent slowdown in the eurozone economy, highlighting the thorny decisions facing the bank as it prepares to draw a line under a decade of easy money just as growth softens.

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Takeda Sweetens Takeover Bid for Shire

Japan’s Takeda said it had made a sweetened proposal to buy Shire, just a day after it had a bid rejected for the rival drugmaker that has drawn broader interest across the sector.

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Facebook Has a New Data Policy---Here's the Short Version

Facebook just updated and expanded its data policy in light of the company’s recent scandals.

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Senior Porsche Executive Arrested in Connection With Volkswagen Scandal

German police have arrested a senior Porsche executive in the wake of raids this week to gather evidence allegedly linking the sports car maker to Volkswagen’s emissions scandal.

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Fairfax Makes $300 Million Bid for Toys 'R' Us Canadian Stores

Canada’s Fairfax Financial Holdings has offered to buy Toys “R” Us’s Canadian stores out of bankruptcy for $300 million.

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GE Takes Hit From Old Mortgage Unit, Cites Other Progress

General Electric reported a quarterly loss as the conglomerate took a $1.5 billion charge related to a subprime mortgage business it once owned, but the company said it was making progress on its cost-cutting efforts and reaffirmed its 2018 financial targets.

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Honeywell Raises Outlook as Equipment Demand Rises

Honeywell increased its expectations for earnings and organic sales growth for 2018, citing healthy demand in several segments including commercial aviation and defense.

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A U.S.-China Trade War Would Reshape Tech Investment

Chinese companies will be more likely to invest in emerging markets, such as India and Southeast Asia, than in the U.S., said Fan Bao, the chief executive of investment bank China Renaissance Partners.

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Failed Foot-Care Gadget Trips Up Reckitt

One of consumer-goods giant Reckitt Benckiser’s highest-profile innovations in recent years is proving to be a lingering thorn in its heel.

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Apple Struggles With Effort to Diversify Screen Suppliers

Apple’s efforts to line up a second supplier for its high-end smartphone screens have hit a hurdle because LG Display is struggling to make them, according to people familiar with the matter.

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American Hustle: ZTE's Surprise U.S. Success, Now Under Threat

In the five years since ZTE was branded a national-security threat by U.S. lawmakers, the Chinese telecom giant has quietly been building its own American success story. Now, a new sales ban puts that under threat.

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Wanted: New Home for a Lot of Russian Aluminum

Russia’s Rusal, which produced 3.7 million tons of aluminum last year, is looking for a new home for its output. U.S. sanctions mean that almost no Western buyer, or Washington’s allies like Japan, will touch the metal.

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Bargaining Chips in a Trade War

U.S. semiconductor makers are vulnerable because they produce and sell a lot in China, where deal making may also prove difficult.

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What Shopping in the Future Will Look Like

The online world is interacting with brick-and-mortar stores in radically new ways, fueling a revolution in how people shop, said Connie Chan, a partner at the Silicon Valley venture-capital firm Andreessen Horowitz.

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Thursday, April 19, 2018

Qualcomm Job Cuts Total 4.4% So Far

Chip maker Qualcomm began laying off employees, pursuing a promise to investors to boost profit by shedding $1 billion in expenses.

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Fast-Growing Shire PLC Had Pharmaceutical Rivals in a Takeover Frenzy

Drugmaker Shire PLC rebuffed a takeover bid from rival Takeda Pharmaceutical Co., then Allergan PLC took a look.

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Misused Masks Highlight Challenges of Preparing Passengers for Emergencies

Airlines and regulators have spent years refining the procedures they count on to save lives during accidents like the engine failure that killed a Southwest Airlines Co. passenger this week.

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Xerox Says CEO Had Authority on Fujifilm Deal Talks

Xerox Corp. defended Chief Executive Jeff Jacobson against a billionaire shareholder’s accusations and said he had proper board authority to negotiate a deal with Fujifilm Holdings Inc.

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Philadelphia Police Chief Apologizes for Starbucks Incident

Philadelphia Police Commissioner Richard Ross offered an apology to two black men who were arrested last week at a Starbucks.

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AT&T Chief Takes Stand to Defend Time Warner Deal

AT&T Chief Executive Randall Stephenson began his court testimony defending his company’s $85 billion acquisition of Time Warner against the Justice Department’s antitrust claims.

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Mattel CEO Margo Georgiadis in Talks to Leave Company

Mattel Chief Executive Margo Georgiadis is in discussions to leave the toy maker, in what would be an abrupt exit at a company struggling with slumping sales and in the midst of a restructuring.

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Philip Morris Shares on Track for Worst Day in a Decade

Philip Morris was on track for its worst percentage decline in a decade, dragging down other tobacco stocks as cigarette volumes dropped more than expected and the IQOS product experienced slower growth.

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FDA Panel Backs Proposed Epilepsy Drug Derived From Cannabis

An FDA advisory panel recommended approval of what could become the first prescription drug in the U.S. derived from the marijuana plant, as a treatment for people with rare forms of epilepsy.

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National Enquirer Parent, Staunch Trump Backer, Faces Mounting Debt, Shrinking Sales

American Media Inc., publisher of the National Enquirer supermarket tabloid, faces ballooning debt, falling revenue and shrinking newsstand sales, according to company reports reviewed by The Wall Street Journal.

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U.S. Leading Economic Indicators Rose in March

An economic index that measures U.S. business trends continued to increase in March, pointing to robust economic growth throughout 2018.

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Nucor Benefits from Steel Tariffs, Price Increases

Some U.S. steelmakers say their bottom lines are getting an early boost from tariffs the Trump administration recently implemented on imports of the metal from certain countries.

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Proposed U.S. Tariffs on China Risk Penalizing Manufacturers Unevenly

President Donald Trump’s proposed tariffs on China stand to disproportionately hurt U.S. manufacturers that rely more on Chinese imports, potentially driving up costs that would put them at a competitive disadvantage and raising consumer prices.

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Shire Rejects $60 Billion Bid From Takeda

Japan’s Takeda said it has made a $60 billion takeover offer for Shire, a bid it said its Dublin-headquartered rival has rejected. Takeda said talks were continuing.

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In a U.S.-China Tech Battle, Lots of Self-Inflicted Wounds

The U.S. and China’s tit-for-tat measures have put technology firms at the center of an escalating trade fight, placing new constraints on the companies’ strategic plans and threatening their access to giant markets.

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Japan's Surging Car Exports Raise Risk of U.S. Trade Fight

There’s a big reason why Japan doesn’t want to talk about a trade deal with Donald Trump: Its auto exports are booming.

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Why Paying for Fast Shipping Could Get You Flagged as a Fraudster

When people shop online, their movements are tracked and shared with an outside firm that scores their behavior and decides whether to approve or deny purchases.

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P&G Slogs Through 'Difficult' Markets for Sales Growth

Procter & Gamble reported weak sales growth in its latest quarter as it continues to face challenges in its Gillette shaving business and struggles to raise prices on its well-known brands.

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Alibaba Signs Up to Help Out Thailand

Alibaba’s Jack Ma signed agreements Thursday that make the Chinese e-commerce giant one of the first big names to join a project that Thailand’s ruling junta hopes can help close a yawning income gap.

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U.S. Jobless Claims Fell Last Week

The number of Americans claiming new unemployment benefits fell last week for the third time in four weeks, signaling continued health in the labor market.

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"Avengers: Infinity War" Poised For Massive Opening

One week before it hits theaters, “Avengers: Infinity War” is poised for a massive box office debut that could unseat 2015’s “Star Wars: The Force Awakens” as the biggest opening of all time in the U.S. and Canada.

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First Saudi Movie Theater in Decades Opens With 'Black Panther'

Saudi Arabia opens its first new cinema in 35 years this week, ushering in a historic change in a country where movie theaters were until recently widely seen as immoral and un-Islamic.

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Will 'Fortnite' Ambush Profits at Rival Videogames?

The impact of the surprise gaming phenomenon “Fortnite” on rival video-game makers should become more clear over the next couple of weeks when quarterly results are reported.

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Iceland Takes Hard Look at Tech Boom Sparked by Its Cheap, Bountiful Power

Lawmakers worry a proliferation of data centers lured by Iceland’s Nordic climate and the geothermal steam is threatening the environment and tourism

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Big Brands Struggle to Raise Prices

Unilever and Nestlé struggled to raise prices in the first quarter, illustrating how the world’s largest consumer goods companies are facing increasingly fierce competition.

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Facebook Plans to Build Its Own Chips as Part of Hardware Push

Facebook is planning to design chips that could be used in its consumer devices, artificial-intelligence software and data centers, according to a person familiar with the matter and recent job listings.

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Wednesday, April 18, 2018

Bank of Canada's Poloz: Recovering From Nafta Uncertainty Could Take Time

Canada’s business investment and exports have suffered on trade policy uncertainty and may not immediately recover once talks on the North American Free Trade Agreement conclude, Bank of Canada Gov. Stephen Poloz says.

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Why Tech Titans Are Betting on India, in 14 Charts

India, the world’s last major untapped tech market, is drawing billions in investments as internet heavyweights prepare to cash in when hundreds of millions of people get access to the Web.

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Amazon Prime Has More Than 100 Million Members

More than 100 million people globally are now paying for Amazon Prime, a sign of how Amazon.com Inc. has used the service to evolve from an online marketplace that struggled with profitability into an internet-commerce powerhouse.

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Fed's Dudley Warns Trade Wars Aren't Winnable

New York Fed President William Dudley said there would be no happy endings to the U.S. engaging in a trade war with other nations.

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Bank of Canada Holds Key Rate Steady at 1.25%

The Canadian economy is operating close to capacity but low interest rates are still needed to support growth, Bank of Canada Gov. Stephen Poloz said as the central bank held its key rate steady.

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Fed Report Finds Tight Labor Markets, but Modest Wage Growth

Economic activity expanded across the U.S. in March and early April, with widespread employment growth but mostly modest wage increases, according to a Federal Reserve report released Wednesday.

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More Employers Avoid Salary-History Questions When Hiring

Some big companies are instructing recruiters not to ask about salary or benefits a candidate received in other positions, as more employers shift away from using past wages as a guide for setting their future pay.

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Flattening Yield Curve Raises Warning Flag

The gap between short- and long-term Treasury yields is at its narrowest in more than a decade, reflecting investors’ confidence the Fed will maintain its path on rates.

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ZTE Delays Earnings Report to Assess U.S. Penalty Action

Chinese telecom ZTE is delaying the release of its quarterly earnings report as it wrestles with the implications of a ban on sales of U.S. products to the company.

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VW's Resurgence Faces Old Auto Industry Realities

Volkswagen has come a long way since its emissions scandal. But investors might benefit from tempering their recent enthusiasm.

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Which Airlines Go Cheap on Wine?

What you get in business class can vary widely depending on the airline, and even on whether you’re on the ground or in the air.

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McDonald's Problems in India Grow With Tax Beef

Indian tax authorities have raided the offices of McDonald’s biggest partner in India, another potential setback for the fast-food giant which was already locked in an ugly break up with its only other licensee in the fast-growing South Asian nation.

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SoftBank Fixes Four Years of Tax Filings After Failing to Report Some Earnings

Japanese authorities uncovered about $875 million worth of unreported earnings at subsidiaries, located in Bermuda and Singapore, of its U.S. telecom units Sprint and Brightstar.

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How the Tax Cut President Trump Loves Will Deepen Trade Deficits He Hates

Among President Donald Trump’s most deeply held economic convictions is the idea that trade deficits are bad, yet his major tax cut likely will deepen the trade deficits he abhors for years to come.

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Tesla Could Benefit from China's New Rules for Foreign Auto Makers

China’s announcement Tuesday that it will ease its strict joint-venture rules on foreign auto makers could benefit Tesla at a time when the Silicon Valley auto maker needs a charge.

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Weak Inflation Reinforces ECB Caution Over Stimulus Taper

Eurozone consumer prices rose more slowly than first estimated in the 12 months through March, a fresh setback for the European Central Bank in its lengthening struggle to meet its inflation target.

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Southwest Accident Puts Focus on Widely Used Engine

The engine failure that killed a passenger aboard a Southwest Airlines flight puts the spotlight on one of the industry’s most commonly used engines.

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Retail Rivals Amazon and Best Buy Team Up to Sell Smart TVs

Best Buy will sell Amazon-powered TVs in its stores and on its website, and also become a merchant on Amazon’s website, where it will sell these TV sets exclusively.

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Apple Faces the Music

Music is key to growing Apple’s services base, but big profits will have to come from elsewhere.

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Satellite Project Draws Airbus, SoftBank, Bill Gates as Investors

Airbus and two of the world’s most recognizable tech billionaires, Microsoft founder Bill Gates and SoftBank CEO Masayoshi Son, propose to build and launch some 500 small satellites to provide unmatched video coverage of the globe.

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Total Makes Latest Power Play With Electricity Deal

Total said it would pay $1.73 billion for a majority stake in electricity provider Direct Energie, the latest step in the company’s strategy to become a power player.

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JetBlue Flight Attendants Vote to Unionize

Flight attendants for New York-based carrier JetBlue Airways have voted to join the Transport Workers Union of America.

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Tuesday, April 17, 2018

Southwest Starts Accident Probe

Southwest Airlines CEO Gary Kelly said it was too early to comment on whether it would conduct additional aircraft inspections or restrict flying in the wake of its first fatal in-flight accident.

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IBM Reports Higher Revenue, Profit Down

International Business Machines Corp. reported its second consecutive quarter of higher revenue after nearly six years of declines, a sign that Chief Executive Ginni Rometty’s slow-moving turnaround may be taking hold.

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Starbucks Plans Racial-Bias Training Following Criticism Over Arrest

As Starbucks faces pressure over its handling of employee encounters with black customers, the company said it would temporarily close thousands of its U.S. company-owned stores in May to conduct racial-bias education.

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Trump's Establishment Picks Show Support for Fed Status Quo

President Donald Trump sharply criticized the Federal Reserve during his 2016 campaign, but his picks to run the central bank point toward policy continuity and stability rather than disruption.

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Global Economic Policy Makers Gather Under Trade-War Cloud

Economic policy makers gathering in Washington are sticking to optimistic global growth forecasts in the face of growing risks, foremost being trade tensions that have unsettled financial markets.

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One Person Dies as Southwest Jet Makes Emergency Landing

One person died after a Southwest Airlines suffered an apparent engine failure and was forced to make an emergency landing in Philadelphia. The death marks the first U.S. airline fatality since 2009.

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FCC Takes Aim at Chinese Telecom Gear

U.S. regulators adopted a measure on Tuesday aimed at barring wireless carriers from using federal subsidies to buy telecommunications gear made by Chinese manufacturers.

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Toys 'R' Us Rules Out Billionaire Bratz Maker's Offer

Toys “R” Us’s lawyers and advisers have shot down an eleventh-hour offer from billionaire toy maker Isaac Larian that would have kept some of its U.S. stores open.

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The Ultra-Cheap Phones Even iPhone Users Will Crave

Flip phones and candy bars are back, with low prices, great battery life and some modern conveniences. And they might just save you from your smartphone.

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Nate Silver's FiveThirtyEight Is Moving to ABC News

Statistics guru Nate Silver is leaving ESPN, but he is staying under the Walt Disney Co. umbrella.

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China Central Bank Takes Pre-Emptive Move Against Ebbing Growth

China’s central bank gave a green light to banks to dig into reserves to lend more, signaling government worries about slowing momentum for economic growth amid rising trade tensions with the U.S.

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The Comedian Who Bought the Weather Channel

Byron Allen got his start by writing jokes. He now runs Entertainment Studios, a media company with cable channels, TV shows, a film-distribution company and with its recent purchase of the Weather Channel, plans to expand.

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For New Trump Drug Plan, a Cautionary Tale in Italy

The Trump administration has drafted an executive order that ties drug costs to performance as a way to lower health-care spending in the U.S. But a similar attempt by Italy for more than a decade hasn’t found much success.

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The Business Case (and Plan) for Gender Equality

Whitney Wolfe Herd sounded an early alarm on Silicon Valley’s sexist culture in 2014 when she sued her former employer, the dating app Tinder, for discrimination and sexual harassment. Today she’s calling for concrete steps to improve gender inequities in the workplace.

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The Instant Message Generation Gap

Some older workers bristle as chat apps proliferate, adding new distractions on top of endless emails.

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Europe to Follow U.S. Lead in Sharing Data to Fight Crime

The U.S. and the European Union are aligning rules to help crime-fighters access suspects’ emails, text messages, photos and other data, despite simmering trans-Atlantic tensions.

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U.S., Israel Join Forces to Protect Astronauts From Radiation

U.S. and Israeli space officials have teamed up with a Tel Aviv-based technology startup to combat one of the gravest threats confronting future astronauts: excessive radiation exposure.

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How Long Until China Cranks Up the Debt Engine?

The country’s first-quarter growth was strong, boosted by a seasonal industry rebound. But it masked some worrying signs.

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U.S. Industrial Production Rose 0.5% in March

U.S. industrial output rose in March, a sign of underlying strength in the economy as factories increased production of business equipment and autos.

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U.S. Housing Starts Rise on Apartment Building

U.S. housing starts rose in March, an increase that could signal firming conditions in the housing market as apartment building rose.

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China Targets American Farmers With Sorghum Surcharges

China’s Commerce Ministry said it would require importers to pay surcharges on U.S. sorghum shipments, following an investigation that initially found the grain was being dumped at prices that hurt domestic producers.

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IMF Forecasts Global Growth of 3.9% This Year, Strongest Since 2011

The global economy is on course to grow 3.9% this year, the fastest pace since 2011, with every major economy poised to grow for the second year in a row, according to the International Monetary Fund’s latest forecast.

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IMF Forecasts Global Growth of 3.9% This Year, Strongest Since 2011

The global economy is on course to grow 3.9% this year, the fastest pace since 2011, with every major economy poised to grow for the second year in a row, according to the International Monetary Fund’s latest forecast.

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China to Ease Rules on Foreign Auto Makers

China said it will phase out rules requiring foreign auto makers to share their factory ownership and profits with Chinese companies by 2022, answering U.S. calls for a level playing field in the world’s biggest auto market.

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Huawei Looks to Existing Markets as Tech Becomes Target in U.S.-China Trade Spat

Huawei said it plans to refocus on existing markets, following a series of setbacks in the U.S. and as the technology industry gets caught up in the spiraling trade spat between Washington and Beijing.

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AT&T, Time Warner CEOs to Take the Stand in Defense of Merger

AT&T CEO Randall Stephenson and Time Warner CEO Jeff Bewkes will take the witness stand this week to defend their proposed $85 billion merger, a key moment in a high-stakes court battle with U.S. antitrust enforcers.

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Johnson & Johnson Raises Sales Outlook

Johnson & Johnson reported higher-than-expected sales in its latest quarter and boosted its sales outlook for the year despite ongoing pricing pressures in the drug industry.

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UnitedHealth Increases Guidance for Year

UnitedHealth reported an almost 31% increase in earnings for its latest quarter and increased its earnings outlook for the year.

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U.S., Britain Issue Warnings Over Chinese Telecom Equipment Maker ZTE

U.S. and British officials both issued warnings over giant Chinese telecommunications-equipment ZTE, signaling sharply escalating Western scrutiny of the sector.

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Advertising World Reels After Exit of WPP CEO

The exit of Martin Sorrell as CEO of WPP has the advertising sector reeling, as questions loom about the future strategy of the world’s largest advertising company without the man who shaped the course of the industry over the past 33 years.

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IBM Earnings: What to Watch

International Business Machines is scheduled to announce first-quarter earnings after the market closes Tuesday. Here’s what to look for.

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Tesla Halts Model 3 Production Again

Tesla has again halted production of the Model 3 sedan, days after CEO Elon Musk said the auto maker’s pace of making 2,000 of the sedans a week is sustainable.

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Microsoft Turns to Old Enemy Linux to Solve Vexing Tech Threat

To head off cyberattacks like the one in 2016 that took down Twitter and Netflix, Microsoft is deploying Linux with enhanced security features.

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At Facebook, Median Pay Tops $240,000

Facebook employees earned a median pay package of more than $240,000 last year while Chief Executive Mark Zuckerberg’s total compensation was more than $8.8 million, according to the social-media company’s 2017 proxy.

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No Overwhelming Support for More Online Regulation, Poll Finds

Congress has held high-profile hearings on Facebook and is debating new regulation of social media companies, but a Wall Street Journal/NBC News poll finds that Americans have only a limited appetite for new government oversight of social media companies.

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Monday, April 16, 2018

Trump Set to Nominate Clarida, Bowman to Fed Board

Donald Trump is set to announce Monday two nominees to the Federal Reserve Board—Columbia University economist Richard Clarida as vice chairman and Kansas Bank Commissioner Michelle Bowman as a governor.

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Facing Historic Labor Shortages, Companies Snap Up Teenagers

After the longest stretch of continuous job creation, the U.S. is facing a severe worker shortage. Employers big and small, including General Electric, Michelin and health-care companies, are expanding their hunt to the labor market’s youngest echelon, which is now piling into the workforce.

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Why WPP Is Better Off Without Martin Sorrell as CEO

WPP faced serious disruption to its business long before Chief Executive Martin Sorrell stepped down. His exit won’t clear away those problems, but it might set the company on the path to addressing them.

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U.S. Retail Sales Rose 0.6% in March

Spending at U.S. retailers rose broadly in March, rebounding after a weak start this year for consumer spending despite a solid labor market and growing worker paychecks.

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Icahn Enterprises Selling Tropicana Entertainment for $1.85 Billion

Carl Icahn’s company is selling its majority-owned gaming subsidiary, Tropicana Entertainment, for about $1.85 billion, Icahn Enterprises said Monday.

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Coffee Brands Fight California Ruling on Cancer Warnings

The coffee industry is fighting the suggestion its products could cause cancer.

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Volkswagen Unit Considering Full Takeover of Truck Maker Navistar

Volkswagen’s commercial-vehicles unit said it is considering a full takeover of Navistar, an Illinois-based truck maker valued at about $3.66 billion—an ambitious move for the German auto maker just days after naming a new CEO.

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'Black Panther' in Saudi Arabia? Hollywood Sweeps Into Islamic Kingdom

When moviegoers in Riyadh take their seats to watch a screening of Walt Disney’s “Black Panther” on Wednesday it will be the first time a Hollywood movie has played in a theater in Saudi Arabia in 35 years.

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Maine Lawmakers Clash With Governor Over Naloxone Access

Lawmakers in Maine seeking to broaden access to an opioid overdose-reversal drug are pushing back against the latest limits supported by Gov. Paul LePage, who has long argued greater availability could enable addicts.

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New York's Commercial Property Market Comes Storming Back

Sales of the city’s office towers, apartment buildings, development sites and other properties rose 70% in the quarter from a year ago, signaling confidence in the New York real-estate market.

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U.S.-Russia Tensions Catch Up to Metals Tycoon Oleg Deripaska

Russian metals billionaire Oleg Deripaska profited from his proximity to President Vladimir Putin, but new U.S. sanctions make that relationship a liability.

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Shire to Sell Oncology Unit for $2.4 Billion as Takeda Mulls Takeover

Shire has agreed to sell its oncology business to French drugmaker Servier for $2.4 billion, in a deal that could discourage Takeda from launching a takeover.

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Demand for Batteries Is Shrinking, Yet Prices Keep On Going and Going…Up

Prices of Energizer and Duracell disposable batteries rose by a robust 8% last year—shining a flashlight on a household product that should be obsolete but has proven remarkably resilient.

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Supreme Court Weighs Widening States' Reach on Online Sales Taxes

Billions of dollars of goods sold each year by independent merchants on Amazon and other online marketplaces would be vulnerable to state sales taxes for the first time if justices decide to reverse a quarter-century-old precedent in a case before the Supreme Court this week.

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Sunday, April 15, 2018

Xerox Sought New CEO as Jacobson Negotiated Fujifilm Deal

Xerox’s board told Chief Executive Jeff Jacobson in November to stop negotiations with Fujifilm Holdings because it was considering firing him. Instead, the executive raced to strike a complex deal.

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Is This Tomato Engineered? Inside the Coming Battle Over Gene-Edited Food

Scientists and agriculture-industry executives say using Crispr technology in plants could transform agriculture and help feed a growing global population. Organic farmers and natural-food companies say it may pose risks to human health and permanently alter the environment.

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WPP Chief Executive Martin Sorrell, Contending With Probe, Decided to Resign

Before stepping down, Martin Sorrell faced a choice: endure an investigation into an allegation of personal misconduct, or leave the advertising giant he founded three decades ago, say people familiar with the board and Mr. Sorrell.

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Fed Officials Dispel Specter of Deflation

A hallmark fear of the post-financial crisis era—a Japan-like drift downward in consumer prices—has disappeared. But a recession could bring back deflation worry at the Fed.

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Global Economy Week Ahead: China GDP, U.S. Retail Sales, Eurozone Confidence

In the week ahead, the U.S. will see data on retail sales and industrial production, while overseas, China will release its report on first-quarter GDP and the eurozone will get a consumer confidence reading.

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How Tesla's Musk Makes a Strategy Out of Defiance

Tesla’s public feud with a top safety investigator is highly unusual in business, but classic Elon Musk.

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Starbucks Faces Protest Over Arrest of Black Men

Starbucks Corp. is facing pressure following the arrest Thursday of two black men at one of its locations in Philadelphia.

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Starbucks Issues Apology Over Philadelphia Store Arrests

Starbucks Corp. issued an apology following the arrest of two black men at a Starbucks store in Philadelphia and said it would launch an investigation into the incident.

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Can Smartphones Stop the Death of the Salesman?

Apparel chains are starting to deploy sales staff armed with technology that can allow them to video chat and send photos of shirts or ties—and get paid commissions for online orders the same way they do for ringing up items at the cash register.

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With 'Rampage,' Dwayne Johnson Shows International Appeal

Dwayne Johnson’s “Rampage” this weekend became the latest big-budget Hollywood offering to underperform in the U.S. but make up lost ground in overseas markets like China.

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From Wisconsin to Connecticut, Small Businesses Feel Pain of Tariffs

While the U.S. and China threaten each other with new tariffs, small-business owners are taking steps to blunt the pain of higher prices or potential supply disruptions.

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Bringing Blockchain to the Coffee Cup

Colorado shop tries to rewrite the java script by tracing high-end beans from a Ugandan farm to the retail shelf.

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Why Merck Is Betting Big on One Cancer Drug

Merck is making one of the biggest bets on a single drug in the pharmaceutical industry, a move that is risky but that could, if successful, pay off for the company and cancer patients.

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