Tech's Titans Tiptoe Toward Monopoly

Will Facebook, Google and Amazon be regulated or broken up like Standard Oil and AT&T? It depends on how they grow. .

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Ignored at Business School: How Lamborghini Built the Ultimate Car

The revolutionary Countach sports car, built in a hurry by a trio of 30-somethings with minimal oversight from the boss, offers a counterpoint to the Steve Jobs model of innovation.

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Starbucks' Big-Bang Approach to Crisis Management

Howard Schultz’s sweeping overhauls at Starbucks bring their own challenges; meanwhile, the public moves on.

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India's Economic Expansion Outpaces Rival China

India’s economic expansion accelerated to the fastest pace in nearly two years, pulling further ahead of rival China, as the effects fade from the government’s crackdown on cash and adoption of a new tax.

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GE Pulls Back From Iran Work

General Electric is planning to end sales of oil and gas equipment later this year in Iran, illustrating how U.S. withdrawal from the nuclear deal is shutting a narrow window of opportunity for some American businesses.

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U.S. Slaps Steel, Aluminum Tariffs on Canada, Mexico, EU

The U.S. will impose steel and aluminum tariffs on Canada, Mexico and the European Union starting Friday, according to Commerce Secretary Wilbur Ross.

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Now Fighting for Tech Talent: Makers of Turbines, Tools and Toyotas

The tussle over technology talent is reaching far beyond Silicon Valley. Firms from industrial giants to car makers are rethinking the way they recruit as they compete for workers with expertise in high-tech fields

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U.S. Inflation Firms in April, Stays at Fed Target for Second Month Straight

Inflation remained at the Federal Reserve’s target in April for a second straight month, a sign of firming prices in the U.S. economy that underscores policy makers’ plans to gradually raise interest rates.

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U.S. Consumer Spending Rose in April

Americans increased their outlays in April as their incomes grew, a sign that consumer spending started the second quarter on a strong footing.

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US Jobless Claims Declined

The number of U.S. workers filing new applications for unemployment benefits fell more than economists expected last week after rising in the two prior weeks, remaining near historic lows.

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Eurozone Inflation Jumps, but Uncertainty Still Clouds ECB Outlook

The eurozone’s annual rate of inflation rose to hit the European Central Bank’s target for the first time in a year during May, but slower economic growth and political turmoil in Italy mean the path ahead remains uncertain for policy makers.

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SoftBank Vision Fund to Invest $2.25 Billion in GM Cruise

SoftBank Vision Fund will invest $2.25 billion in General Motors’s driverless-car unit, as the auto maker battles technology companies and startups in a race to commercialize autonomous vehicles.

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Personal Board of Directors: Microsoft's Peggy Johnson

Microsoft’s chief deal maker on the people she turns to when making a major career decision or business move.

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Jamie Dimon Tops List of Highest-Paid Finance CEOs

The highest-paid banking and finance chief executive in the S&P 500 is no surprise. It is James Dimon, head of JPMorgan Chase, the biggest U.S. bank by assets and market capitalization.

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Brink's to Buy Cash-Management Firm Dunbar for $520 Million

Brink’s Co. has agreed to buy rival Dunbar Armored Inc. for about $520 million in cash, a move that furthers consolidates the cash-management business in the U.S.

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Sears Closing More Stores as Sales Continue Shrinking

Sears Holdings said it plans to close another 72 stores it has deemed unprofitable, as the company continues to struggle with falling sales.

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Europe's New Data Privacy Law Is Sending More Ad Money to Google

One early result of GDPR, the EU’s strict new laws protecting personalized user data that took effect last week, is that more money is flowing to Google’s giant ad marketplace.

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U.S. Activist Investor Takes Stake in Olympus

ValueAct Capital made its first foray in Japan by taking a 5% stake in medical-device maker Olympus, the latest example of U.S.-based activist shareholders playing a bigger role in Asia.

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A New Level of Security on Your Business Trip

Companies are placing more emphasis on tracking employees on the road as a safety measure, in a practice called duty of care.

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Fed Poised to Ease the Volcker Rule on Big Banks' Trading

Big banks would have more freedom to conduct short-term trading without running afoul of the Volcker rule under proposed changes set to win unanimous approval Wednesday at the Federal Reserve.

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Fed's Beige Book Finds Manufacturing Shifting Into Higher Gear

Economic activity expanded at a moderate pace across most of the U.S. this spring, driven in part by a pickup in manufacturing activity despite trade tensions, according to a Federal Reserve report released Wednesday.

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Then and Now: The Italian Crisis in Seven Charts

Turmoil in Italian politics has sent shock waves through financial markets in moves reminiscent of the eurozone crisis. Much has changed in Europe over the past six years, but some things remain the same.

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Trump Shows How Not to Be a Protectionist

President Donald Trump routinely does protectionism badly, using the wrong tools on the wrong behavior and the wrong countries, writes Greg Ip. Here are some lessons in how to do protectionism well.

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Bank of Canada Holds Key Interest Rate at 1.25%

The Bank of Canada kept its benchmark interest rate unchanged at 1.25% as it warned of ongoing trade uncertainty and stresses in emerging-market economies.

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Italy Crisis Highlights Need for Urgent Eurozone Reform, Says OECD

A jump in Italy’s borrowing costs in response to the political crisis unfolding in Rome is a wake-up call for eurozone governments that have been dragging their feet over economic reforms, the OECD said.

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Private Sector Adds Fewer Jobs in May

The private sector in the U.S. added fewer jobs in May than the month prior as businesses struggled to fill open positions.

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'I'm Sorry' Gets More Expensive for Wells, Uber and Facebook

Companies are spending millions of dollars on advertising campaigns to apologize for a range of corporate missteps, rolling out elaborate atonement tours to reach consumers in the era of social media.

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With Comcast Looming, Fox Sets Date to Vote on Disney Deal

21st Century Fox shareholders will vote on July 10 on a proposed asset sale to Walt Disney, potentially giving Comcast about six weeks to submit its own bid for the slate of film studios, cable networks and other businesses.

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Dick's Profit Jumps as Gun Restrictions Have Muted Impact on Sales

Dick’s Sporting Goods Inc. posted higher quarterly profits and sales, allaying concerns that its controversial decision to tighten gun policies would dampen demand at the sporting goods chain.

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U.S. GDP Growth Revised Down to 2.2% Rate in First Quarter

U.S. economic growth during early 2018 was slightly softer than initially thought, though a measure of corporate profits partly rebounded in the first quarter after a weak end to 2017.

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Effects of E.coli Outbreak in Lettuce Ripple Through U.S. Food-Supply Chain

The outbreak of E.coli traced to romaine lettuce grown in Yuma, Ariz., is expected to deal a multimillion-dollar blow to the food industry.

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After Obama-Era Crackdown, For-Profit Colleges Seek Nonprofit Status

More than a dozen for-profit colleges are looking to become nonprofit institutions, a change that would make them subject to less federal oversight and shed the often-maligned “for-profit” designation.

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Short Seller on Samsonite CEO: 'You Can't Go Around Saying You're a Doctor'

A U.S.-based short seller bolstered his calls for Samsonite International’s chief executive to be fired for résumé fabrication, saying boardrooms “are littered with carcasses of executives who told far more minor lies on their résumés than this.”

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Toyota's Best-Selling Vehicle in the U.S. Isn't 'Made in America'

The Japanese auto maker said its exports to the U.S. rose 22% in April, highlighting the problem it faces if the Trump administration makes good on threats to impose higher tariffs on imports.

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Did We Say $1.5 Million? We Meant $10.9 Million. Firms Fix CEO Pay Flubs

At least 16 companies in the S&P 500 have changed 2016 pay figures by more than 10% for one or more executives.

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Scarcity of Housing in Rural America Drives Worker Shortage

Rural areas are seeing their populations stagnate as younger people opt for urban living, adding to the gamble involved in speculative home-building.

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The Real End Game for CBS-Viacom

A little-noticed part of lawsuit says Redstone could sell a combined company and give up control.

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Alexa, Just How Secure Are You?

Virtual assistants are vulnerable to hacks, eavesdropping and more. But there are ways to reduce the risks.

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U.S. Tariff Threat Could Scuttle Trade Talks With China

The White House’s surprise decision to move forward with tariffs and other sanctions against China threatens to derail trade talks scheduled for this weekend.

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Nintendo Is Getting Three New Pokémon Games to Drive Switch Sales

Three new Pokémon videogames coming to Nintendo’s Switch this year could provide important sales fuel as the company looks to avoid the kind of thin slate of releases that doomed its previous game machine.

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Starbucks Closing 8,000 Stores for Antibias Training After April Incident

Starbucks is closing more than 8,000 company-operated cafes to provide antibias training for its employees, sending customers around the country to competitors for a caffeine fix.

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Allergan Recalls Taytulla Birth-Control Packs After Pills Placed Out of Order

Allergan is recalling nearly 170,000 sample packs of its birth-control treatment Taytulla after placebo and active capsules were placed out of order, potentially raising the risk of an unintended pregnancy.

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DOJ Approves Bayer-Monsanto Deal but Requires Asset Sales

The Justice Department granted antitrust approval to Bayer’s planned acquisition of Monsanto, after requiring the company to sell off about $9 billion in assets in order to preserve competition.

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Redstone: Moonves Threatened to Quit CBS Over Family's Control

Shari Redstone shot back at CBS in court, alleging that CBS Chief Executive Leslie Moonves gave the CBS board an “ultimatum” that he would resign unless directors voted to strip her family of voting control.

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This $530 Phone Stands Up to the $1,000 Competition

The $530 OnePlus 6 can’t do some things its $1,000 rivals do—it isn’t waterproof, and the camera lacks many advanced features—but for plenty of users, it is more than good enough.

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MGM Resorts to Buy New York Casino for About $605 Million

MGM will acquire the Empire City Casino in Yonkers from the Rooney family, which has owned the operation for more than four decades.

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Bank of Canada Seen on Hold Amid Trade Uncertainty, Housing Slowdown

The Bank of Canada is expected to leave its benchmark interest rate unchanged Wednesday as the country faces concern over slowing housing markets and stalled trade negotiations with the U.S.

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North Korea Skirts Sanctions With Ship Transfers Over Wider Area

North Korea’s ship-to-ship transfers for imports of critical items such as oil appear to have become more widespread as it works to lift sanctions pressure through talks with the U.S., according to Japanese officials.

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'Gradualism Is Dead': Argentina Faces Pressure to Hasten Economic Overhaul

President Macri’s efforts to slash inflation and jump-start the economy without shocking Argentines hasn’t gone as planned, but taking more radical steps risks a popular backlash.

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U.S. Consumer Confidence Increased in May

U.S. consumer confidence rose in May after a modest drop in April.

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Italy's Woes Ripple Across Eurozone, Jolt Global Markets

Markets globally convulsed as investors came to terms with an Italian political crisis that some fear could morph into an existential threat to Europe’s common currency.

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U.S. to Finalize Tariffs, Investment Restrictions on China

The U.S. is planning to announce in the coming weeks a list of Chinese imports that will be subject to 25% tariffs, as well as new China investment restrictions and controls, the White House said Tuesday.

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Packaged-Food Companies Churn Through CEOs, Desperate for Fresh Ideas

America’s food giants are shedding CEOs at a remarkable rate, highlighting how elusive solutions remain to the industry’s problems while also generating some new hope for change.

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Home Prices Continue to Rise in March

Home-price gains showed no signs of slowing in March, putting continued pressure on buyers as mortgage rates have also recently risen to their highest levels in years.

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Alibaba, Cainiao Lead $1.4 Billion Spend on Delivery-Firm Stake

Facing tougher competition in online retailing, Chinese e-commerce giant Alibaba and its logistics arm are leading a $1.4 billion effort to boost their delivery capabilities.

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KKR to Buy BMC Software From Private-Equity Led Group

KKR has agreed to buy BMC Software from an investor group led by private-equity firms for an undisclosed amount.

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U.S. Sanctions Start to Pinch Shipping in Iran

It will be months before new U.S. sanctions against Iran take hold, but global shipping operators are already pulling back from the big oil-exporting nation.

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Pret A Manger's New Backer Hopes America Has a Taste for Its Menu

The owner of Dr Pepper and Krispy Kreme is deepening its bet on prepared food, saying it has agreed to buy Pret A Manger, the British sandwich chain that has been rapidly expanding in the U.S.

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Costco's Taiwan Comment Leads to Economy-Sized Headache in China

Costco is the latest company to be confronted on Chinese social media over its stance on Taiwan, creating a potential distraction for the retail giant as it moves into the mainland Chinese market.

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Banks Hunting Growth Loosen Terms on Business Loans

Faced with tepid loan growth and heated competition for clients, banks are sweetening their deals on loans to businesses, a development that is concerning regulators.

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Salesforce Results Should See a Boost From Robust Tech Spending

Salesforce.com is scheduled to report fiscal first-quarter earnings after the market closes.

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HP's Growth in Shrinking PC Market Should Lift Results

HP will report fiscal second-quarter results after the market closes on Tuesday.

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EU's Trade Chief to Press U.S. Counterparts on Tariffs

The EU’s top trade official will meet U.S. counterparts Wednesday in a last-ditch effort to secure waivers from steel and aluminum tariffs and to engage Washington on efforts to tackle China’s market-distorting policies.

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'Solo,' Newest 'Star Wars' Installment, Off to Slow Start

“Solo: A Star Wars Story” opened to an estimated $103 million in the U.S. and Canada over the long Memorial Day weekend.

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Once Allies, Two Media Chiefs Go to War Over the Future of CBS

Shari Redstone and Les Moonves are locked in a legal battle triggered by their disagreement over a potential merger of Viacom and the broadcasting powerhouse. The outcome could determine whether the Redstone family continues to exercise control over CBS.

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Johnson & Johnson Gets Different Verdicts Against Baby Powder

In the battle between Johnson & Johnson and plaintiffs’ lawyers over alleged dangers of its signature baby powder, juries cut both ways last week.

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India's Biggest Competitors to Walmart and Amazon? Mom and Pop

Millions of tiny stores dotting India’s villages and slums have a secret that makes them formidable retail rivals—even to giants like Walmart and Amazon.com.

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Chinese Smartphone Maker Xiaomi Stakes Its Future on Europe

Smartphone maker Xiaomi shot to success selling stylish but low-cost models in emerging markets, including at home in China. But can that formula work in the affluent markets of Europe?

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Why It Is Harder to Diagnose Hospital Stocks

New accounting rules make assessing financial health more difficult for hospitals and companies that work with them.

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Verint in Talks to Buy Israeli Firm for About $1 Billion

Verint Systems is in talks to buy NSO Group, an Israeli maker of cyber surveillance products, for about $1 billion.

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Japan's Videogames Are Winning Over U.S. Gamers

Videogame developers in Japan are creating more U.S. hits, like “DanMachi” and “Persona 5,” with compelling stories and anime-style animation that resonate with Americans raised on Pokémon and Yu-Gi-Oh!

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Your Smartphone Is the Best Computer You Own

How to turn your smartphone into the powerful PC it’s meant to be.

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Hollywood Studios Hit Plot Twist in Talks With China

U.S. movie studios have hit an impasse in talks with China about a new film-distribution agreement on market access for Hollywood films in China.

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Probes, Cyberattack Distract Atlanta as It Tries to Woo Amazon

As Atlanta looks to lure Amazon and other corporate giants to the region, its new mayor has found her efforts stymied by scandals from the outgoing administration and the aftereffects of a crippling cyberattack.

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Amazon's Bezos Pledges to Expand His Space Ventures

Amazon.com founder and CEO Jeff Bezos vowed to use his rocket startup to develop robotic rovers and perhaps human habitats on the moon’s surface, even if such projects fail to win financial support from the U.S. government.

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China Set to OK Qualcomm Purchase of NXP Semiconductors

Chinese authorities are set to approve Qualcomm’s planned $44 billion acquisition of NXP Semiconductors in the next few days, in what would be a significant step toward easing U.S.-China trade relations.

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In Anti-Bias Training, Starbucks Enlists Hip-Hop Artist, Chairman

Starbucks is hoping that anti-bias training will help prevent fraught encounters like the one that led to the arrest of two black men at one of its cafes last month, but how effective it will be is an open question.

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Fiat Chrysler Expected to Outline Future Without CEO Marchionne

A decade after Chrysler filed for bankruptcy, a nearly debt-free Fiat Chrysler Automobiles is preparing to unveil a growth plan for the next five years at a test track outside Milan.

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Cheers! Coca-Cola Launches Its First Alcoholic Drink

A fizzy lemon-flavored alcoholic drink that goes on sale in Japan on Monday will mark Coca-Cola’s first fling in its 132-year history with the sale of alcohol.

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Trump Team Seeks Truce with Congress Over ZTE

The Trump administration is scrambling on Capitol Hill to keep lawmakers from undermining trade talks next week with China by blocking a deal to roll back penalties on Chinese telecommunications giant ZTE.

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Americans' Confidence in the Economy Slipped Narrowly in May

U.S. households became less confident about the economy in May, continuing to ease from a 14-year high seen earlier this year.

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Mike Meru Has $1 Million in Student Loans. How Did That Happen?

Due to escalating tuition and easy credit, the U.S. has 101 people who owe at least $1 million in federal student loans. Five years ago, 14 people owed that much. More could soon be joining the group.

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Fed's Powell Says Central Banks Can't Take Independence for Granted

An erosion of public trust in institutions could threaten the independence of central banks and requires greater transparency from policy makers following the 2008 financial crisis, Fed Chairman Jerome Powell said.

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U.S. Durable Orders Slip in April

Demand for long-lasting U.S factory goods fell in April due to a decline in aircraft orders, but a proxy for business investment showed solid growth last month.

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Filmmaker Harvey Weinstein Surrenders in Sex-Assault Probe

Film producer Harvey Weinstein turned himself in to police to face the first criminal charges to be filed against him after months of sexual-abuse allegations from scores of women that destroyed his career.

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The Tax Law Slashed This Break. Here's How Companies Are Trying to Keep It

Companies are exploring ways to sidestep last year’s tax-code overhaul that limited an important break-—the deductibility of interest payments.

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Pollution Worsens Around Shell Oil Spills in Nigeria

The environmental damage around the site of two Shell oil spills in Nigeria a decade ago has worsened significantly after years of delay to cleanup efforts, according to a report the oil giant has been accused of trying to shield from public view.

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U.S. Websites Go Dark in Europe as GDPR Data Rules Kick In

Europe’s new privacy law took effect Friday, causing high-profile websites to suspend access across the region as data-protection regulators prepare to brandish their new enforcement powers.

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Best-Paying Industry? It's Not Banking

More than 100 companies in the S&P 500—many in biotech and energy— routinely paid employees $100,000 or more in 2017.

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Bill Moves to Block U.S. From Buying Chinese Surveillance Equipment

The government will be banned from buying Chinese-made surveillance cameras under a $717 billion defense-policy bill, the latest move against Chinese technology on the basis of national security concerns.

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Deripaska Quits Rusal Board as Metals Giant Looks for Sanctions Relief

Rusal said Oleg Deripaska has resigned as a non-executive director, expanding a sweeping overhaul of the company’s management and board in an effort to escape the Trump administration’s sanctions program.

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Total Doubles Down on Arctic LNG

French oil giant Total will be taking a 10% stake in a massive Russian gas project that is expected to eventually produce 535,000 barrels of oil equivalent a day.

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Harvey Weinstein to Surrender in New York Sex-Crimes Case

Harvey Weinstein, the veteran Hollywood producer, is expected to turn himself in to authorities Friday in connection with a sex-crimes investigation conducted by the Manhattan district attorney’s office, according to people familiar with the matter.

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Amazon Alexa-Powered Device Recorded and Shared User's Conversation Without Permission

Amazon said that one of its Echo home speakers recorded a private conversation without permission and sent it to a person in the owners’ contact list, an incident that raises questions about the security of such voice-operated devices.

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Apple Wins $539 Million Jury Award From Samsung in iPhone Patent Battle

Samsung must pay Apple $539 million for infringing patents related to the iPhone’s design, a federal jury found Thursday.

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Doctor, No: Short Seller Steps Up Fight With Samsonite Over CEO's Credentials

Activist investment fund Blue Orca has intensified its attack on Samsonite after the luggage maker’s chief executive admitted he never graduated with a Ph.D.

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The Tragedy of Venezuela

When reporter Anatoly Kurmanaev started covering the country five years ago, the petrodollar-fueled party was still raging, but the greed and incompetence of the ruling party soon began to take their devastating toll

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Trump's GOP Allies Worry Over Possible New U.S. Auto Tariffs

The Trump administration is casting the widest possible net in considering whether imported autos should be subject to tariffs based on national security grounds, worrying auto exporters from Mexico to Germany and generating complaints from Republican lawmakers.

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How a Weakened ESPN Became Consumed by Politics

Arguments over tweets and tension with owner Disney increased anxiety over the network’s future in era of cord-cutting,

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U.S. Existing Home Sales Fell in April

Sales of previously owned U.S. homes declined in April, signaling that a runup in prices and limited inventory may be damping momentum in home purchases this spring.

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Uber Self-Driving Car That Struck, Killed Pedestrian Wasn't Set to Stop in an Emergency

The National Transportation Safety Board released its preliminary report on Uber Technologies Inc.’s deadly vehicle crash in Arizona, saying the company’s self-driving car wasn’t designed to automatically brake in case of an emergency.

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Diageo Hires Bankers to Sell U.S.-Focused Spirits Brands

Diageo has hired bankers to sell its Canadian whisky brand Seagrams VO and cinnamon schnapps brand Goldschlager among a number of U.S.-focused spirits brands, according to people familiar with the matter.

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Best Buy Benefits From Strong Consumer Confidence

Best Buy’s sales jumped in the latest quarter as the electronics retailer continued to benefit from higher consumer confidence and spending.

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U.S. Jobless Claims Rose to 234,000 Last Week

The number of Americans filing new applications for unemployment benefits rose again last week but remained near historically low levels.

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Summer Is Here. Where Are All the Workers?

Owners of restaurants, hotels and other seasonal businesses are scrambling for the second year in a row, as limits on visas for temporary foreign workers and a tight U.S. labor market make it difficult to staff up for the summer rush.

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New Starbucks Bathroom Policy Sparks Concerns

Now that Starbucks has decided to allow anyone to use its restrooms, it faces the critical task of keeping them clean and safe.

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Russian Giant Gazprom Settles Antitrust Case With Europe

Gazprom has formally committed to changing business practices to settle a longstanding antitrust case, in a procedure that allows the state-owned gas giant to avoid billion-dollar fines.

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Activist Elliott Discloses Stake in Germany's Thyssenkrupp

Elliott Management said it had taken a stake in German industrial giant Thyssenkrupp, entering another corporate battle at a company already under pressure to break itself up.

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GDPR Has Companies Big and Small Racing to Comply

When strict new GDPR privacy regulations take effect Friday, even small manufacturers and restaurants with no European footprint will have to change how they handle European customers’ data.

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Rusal CEO Quits Amid Pressure Over U.S. Sanctions

Russian aluminum giant Rusal said Chief Executive Alexandra Bouriko and seven board members resigned to help the company escape the Trump administration’s sanctions program.

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Samsonite Plunges After Short Seller Questions Luggage Maker's Accounting

Shares of Samsonite International S.A. on Thursday saw their worst drop in years after a short seller issued a report critiquing the company’s business practices and its stock valuation. Samsonite’s Hong Kong-listed shares fell 9.8%, its biggest one-day drop since June 2012, after it was published.

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Trump's Tariff Threat Vexes Global Auto Makers

Japan expressed alarm about threatened U.S. tariffs on imported cars, which could hit the Japanese economy hard and disrupt the industry around the world.

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Weinstein Target of Federal Inquiry Into Alleged Sex Crimes

Federal prosecutors in Manhattan have started a criminal probe into sex-abuse allegations against Harvey Weinstein, marking an escalation of law-enforcement scrutiny of the former Hollywood producer.

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Westfield Shareholders Approve Big Mall Deal

Shareholders at Westfield, which runs marquee malls across the U.S., overwhelmingly approved a takeover by Europe-based shopping-center company Unibail-Rodamco despite the falling value of the cash-and-stock offer.

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Fed Minutes Signal Rate Increase in June

Federal Reserve officials at their meeting earlier this month signaled they were likely to raise their benchmark short-term interest rate at their June meeting, and they debated how to characterize an evolving policy strategy that soon would no longer try to stimulate economic growth.

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Turkey's Central Bank Lifts Key Rate Amid Lira's Fall

Turkey’s central bank raised a key interest rate at an unscheduled meeting in a move to support the country’s embattled currency.

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Your Smartphone Is the Best Computer You Own

How to turn your smartphone into the powerful PC it’s meant to be.

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Why Thomas Edison Would Not Be Happy About GE's Latest Deal

General Electric’s deal to spin off its railroad business to Wabtec unites the creations of two of the 19th century’s most famous inventors and rivals: Thomas Edison and George Westinghouse.

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U.S. New Home Sales Fell in April

Sales of new homes in the U.S. fell at the beginning of spring, reversing the stronger momentum seen in the first quarter.

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Comcast Confirms It Is Preparing Fox Bid, Challenging Disney

Cable giant Comcast said it is in advanced stages of preparing a higher, all-cash offer for the entertainment assets that 21st Century Fox has agreed to sell to Disney for $52.4 billion in stock.

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Target Sales Get Lift From Remodels but Spending Squeezes Margins

Target posted higher quarterly sales as the big-box chain invested in its stores and received a boost from a strong economy. But the spending weighed on profit margins.

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Uber to Offer Limited Health Insurance to European Employees

Uber will pay for limited health insurance and parental benefits for all of its regular drivers and couriers in Europe in a bid to ease tensions with workers who have been clamoring for greater employment benefits.

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Samsung Wants Every Appliance to Talk to You by 2020

Samsung plans to put artificial-intelligence features and internet connectivity in all its products in an effort to transform its home appliances into an army of synced devices capable of fielding verbal commands.

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Fed Survey: Americans See Brighter Economic Prospects, but Fragility Remains

Americans generally are seeing steady improvements in their financial well-being, according to a Federal Reserve survey. But people’s perceptions of their economic situation varied based on race and education.

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InJapan's Hot Economy, aWorrisomeLesson onInflation

Standard models of the economy are built on a simple relationship: When unemployment goes down, inflation eventually goes up. That relationship has looked sickly for years. In Japan, it may be dead, a preview of what central bankers may confront everywhere.

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Fed Minutes to Offer Clues on Where Rates Are Headed

The Federal Reserve will shed more light on policy makers’ outlook for the second half of the year when it releases the minutes of its May 1-2 meeting.

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Eurozone Business Activity Continues to Slow for Fourth Straight Month

Business activity in the eurozone slowed for the fourth straight month in May and more sharply than expected, a survey of manufacturers and service providers showed, a sign that economic growth has yet to rebound from a surprisingly weak showing in the first quarter.

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With C.O.D. and Goat Promotions, Jumia Aims to Be Africa's Alibaba

On safari for the rare African tech unicorn, Goldman Sachs and other big-name investors think they have spotted a winner in Jumia, the continent’s aspiring Alibaba.

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U.S. Profit Boom Leaves Europe Trailing

The eurozone’s economy has outpaced the U.S. for the past two years, yet its corporate profits are trailing those in America like never before.

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Nafta Talks Stalled on U.S. Auto Demands

Talks to renegotiate the North American Free Trade Agreement have reached a stalemate, with Mexico and the U.S. accusing one another of intransigence and inconsistency after missing a key deadline.

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Apple Avoids Amazon's Beauty Contest, Searches Secretly for New Campus

The world’s two most valuable technology companies, Apple and Amazon, are shopping for cities in which to build new corporate campuses. But with one of them, you would hardly know it.

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Next PlayStation Is Three Years Off, Sony Says

Sony wants to spend three more years readying its next videogame move, the head of the PlayStation business said—a slight slowdown in the six-to-seven-year update cycle for the console since the first one in 1994.

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SoftBank Agrees to Sell Flipkart Stake to Walmart

The operator of the world’s largest technology fund—which holds a 21% stake in Flipkart—had been delaying a decision to participate in Walmart’s $16 billion deal to take control of India’s largest e-commerce company.

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Foxconn Unit Plans China's Biggest IPO Since 2015

A unit of Taiwan’s contract electronics manufacturer Foxconn Technology Group said it plans to raise $4.25 billion through an initial public offering in Shanghai, potentially marking China’s biggest IPO since 2015.

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J.C. Penney CEO Quits to Join Lowe's

Marvin Ellison is quitting his job as chief executive of struggling J.C. Penney to take over leadership of Lowe’s, another retailer in need of a revamp.

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U.S., China Edge Toward Trade Resolution

The U.S. and China are moving closer toward resolving their trade dispute, with the two sides agreeing on the outlines of a reprieve for Chinese telecom giant ZTE and Beijing easing tariffs on imported cars.

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Cambridge Analytica Staff Told Firm Is Liquidating

Cambridge Analytica, the firm at the heart of Facebook’s data scandal, is liquidating assets and has asked employees to vacate its London offices.

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Santos Rejects More-Than $10 Billion Offer as Oil Prices Rise

Australia’s Santos rejected a more than US$10 billion takeover bid by Harbour Energy Ltd. on Tuesday, saying the offer undervalued it given recent oil-price gains.

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Highest-Paid Software and Services CEOs

Gary Norcross of Fidelity National Information Services was the highest-paid software executive in 2017 at $29.1 million.

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In Trade War With U.S., China Gets the Upper Hand

Among all the trade fights that President Donald Trump has picked, his hand against China is the strongest. Yet Beijing, incredibly, appears to be winning.

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Ad Group Announces Rules for Transparency in Political Advertising

The guidance requires advertisers to provide consumers with a link to a searchable database with more information about who placed the ad, their spending and contributions, and how the advertiser can be reached, among other things.

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Zuckerberg to Face Grilling in Europe Over Data, Fake News

Top European Union lawmakers are set to interrogate Facebook Chief Executive Mark Zuckerberg over the company’s handling of alleged user-data misuse and election interference on the platform.

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Banned From Amazon: The Shoppers Who Make Too Many Returns

Amazon cultivated an image as a customer-friendly company in part by making it easy for shoppers to send back items they don’t want. Then it started banning customers who return too many items.

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How the 'World's Most Comfortable Shoe' Is Challenging Nike and Adidas

Driven by word-of-mouth sales and an eco-focus, San Francisco's Allbirds has sold over a million shoes in two years. But can this Silicon Valley success story last?

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Is Tesla Abandoning the Mass Market?

Tesla has given its first signals that it’s giving up on its ambition to become a mass-market car maker, when Chief Executive Elon Musk admitted that his promised $35,000 Model 3 vehicle would cause the company to “lose money and die” if built right away.

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The Obama Channel? Obamas Sign Deal With Netflix

Netflix signed the former president and first lady to a multiyear deal to produce shows and documentaries for the streaming platform.

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NextEra to Buy Florida Utility From Southern in $5.1 Billion Deal

NextEra Energy is buying a utility and other Florida assets from Southern Co. for $5.1 billion plus debt, to help it expand. And Southern could use the cash.

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Starbucks Again Clarifies Guest Policy

Starbucks made a fresh attempt Monday to explain its new policy on non-paying guests after its initial effort sparked complaints that cafes would turn into homeless shelters and drug havens.

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Why Auto Dealers Struggle to Explain Your Car's Hi-Tech Safety Features

Most new cars nowadays can be outfitted with advanced safety gear, but salespeople often fail to pitch buyers on the benefits of these potentially lifesaving but costly features.

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Britain Unlikely to Review Comcast's Sky Deal

Britain is unlikely to open an antitrust review into Comcast’s $30 billion bid for U.K. pay-TV giant Sky, a senior government official said, removing a hurdle for the cable firm in a takeover battle that also includes Fox and Disney.

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How HP Survives in a Shrinking PC Market

By focusing on sleeker designs and high-performance gaming machines, HP managed to boost revenue and gobble market share from smaller competitors even as the PC market shrank.

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Climate Pressure on Shell Is Warning to Oil Industry

Investors are upping the ante on big oil companies over climate change, demanding they take more concrete action to help curb global warming, with the issue set to come into focus at Shell’s annual meeting.

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Blackstone to Buy LaSalle Hotel Properties for $3.7 Billion

Blackstone Group LP, a large private-equity firm, has reached a deal to buy U.S. luxury hotel owner LaSalle Hotel Properties for about $3.7 billion, the companies said on Monday.

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Icahn, Corvex Show Interest in Buying Energen

Activist investors Corvex Management and Carl Icahn say they are potentially interested in buying oil-and-gas company Energen, according to a securities filing.

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Egypt Clamped Down on Political Opposition---Next Up Is the Economy

In the wake of the Arab Spring, the military has amassed a growing business empire, squeezing out private-sector competitors. Now, amid soaring inflation and high youth unemployment, popular resentment is mounting.

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GE to Merge Rail Division With Wabtec in $11 Billion Deal

General Electric agreed to merge its railroad business with Wabtec. in a deal valued at about $11 billion, letting GE raise some cash to fund its turnaround and shed one of its oldest operations.

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Major Oil Companies Embrace Latin America

The world’s largest energy companies are placing enormous bets on Latin America, a region rich with oil that many avoided in the past.

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Hyundai Car-Parts Affiliate Calls Off Deal Opposed by U.S. Hedge Fund

South Korean auto-parts maker Hyundai Mobis abruptly called off its planned restructuring, handing an early victory to U.S. activist hedge fund Elliott Management, which had led the opposition to the deal.

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Mnuchin: U.S., China 'Have Suspended The Tariffs'

The U.S. suspended its threat to impose tariffs on $150 billion in Chinese imports to the U.S. while negotiations with China continue, but President Donald Trump could impose the tariffs if a deal between the two countries doesn’t progress, Treasury Secretary Steven Mnuchin said.

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Small Brands Are Taking a Thousand Little Bites Out of Campbell's Business

As Americans become more adventurous with the grocery cart, food aisles are undergoing a transformation that is forcing big food companies to keep up with $10 bottles of juice and sophisticated-tasting cookies.

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Boston Wants Amazon, But Is There Room?

The possible arrival of Amazon’s second headquarters in East Boston is triggering both hopes and apprehension in a neighborhood already dealing with fallout from surging costs in a growing city.

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Boeing to Join Mexico in Probe Of Deadly Cuba Plane Crash

Allegations emerge that the Mexican charter airline had previously been warned about safety violations.

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Behind Ford's New Approach to Advertising

Jim Farley, Ford’s No. 2 man, says the auto maker is using digital platforms more and looking to new providers, including Netflix, to produce its ads.

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How Women Can Build Their Professional Networks

Networking is tougher for women for several reasons, but there are ways to make it work.

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What's in P&G's Products? Now You Can Find Out

Chief R&D and Innovation Officer Kathy Fish explains why the company is sharing an expanded list of product ingredients online.

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Campbell's Strategy Comes Under Scrutiny After CEO Departure

Denise Morrison was the biggest champion of Campbell’s yearslong push into fresh and refrigerated foods, but her abrupt departure suggests that the strategy flopped and that the 150-year-old company needs a new plan.

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'Deadpool 2' Surges to No. 1 at Box Office

“Deadpool 2” became the rare R-rated blockbuster at the box office over the weekend, kicking off what Hollywood hopes is a robust summer movie season.

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The Mystery of the $70 Hoodie That's All Over Facebook

Welcome to the world of dropshipping, where entrepreneurs use social-media ads and hip virtual storefronts to flip merchandise from online marketplaces like Alibaba’s AliExpress to customers often paying premium prices.

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Split in Goods and Services Inflation Underscores Fed's Challenge

Inflation has been a puzzle in the U.S. economy for years, failing to move up much when the unemployment rate tumbled. To resolve the puzzle, it helps to look at the U.S. as two economies: one for goods, another for services.

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Kraft Heinz Prepares to Take On Hellmann's With a New Mayonnaise and 'Mayochup'

The Big Two in the mayonnaise aisle, Unilever’s Hellmann’s and Kraft Heinz, are fighting off upstart products and protecting shelf space with innovations such as ...‘mayochup.’

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Employees Say Modern Time Clocks Chip Away at Their Paychecks

Thousands of hourly workers at companies like American Airlines and Kroger Co. say employers are saving millions of dollars using time-tracking systems that automatically deduct pay for breaks and meals.

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FAA Moved Slower Than Usual on Warning Ahead of Southwest Fatality

Before a fatal accident on a Southwest Airlines flight, regulators had been weighing stepping up engine inspections for an unusually long time after the first warnings about a part.

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The AI Doctor Will See You Now

Artificial intelligence in medicine promises to alert us to disease or a medical emergency before it happens — if only we can navigate the pitfalls.

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Starbucks Creates Policy on Nonpaying Guests

Starbucks is creating an official policy that allows all guests to use its cafes, including its restrooms, whether or not they make a purchase.

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Data-Privacy Law Creates New Business for Tech Consultants

The European Union’s tough new data-protection law demands costly changes for many companies and opens rich business opportunities for others.

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One Small Rancher's Big Role in Saving Brazil's Amazon

Mauro Lúcio Costa is now preaching his methods across the Amazon, putting him on the front line of a battle to preserve the forest and transform the cattle industry there.

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IMF Begins Talks With Argentina Over Bailout

The executive board of the International Monetary Fund began the formal process of negotiating a bailout program with Argentina, which has neared the brink of a crisis as its peso has fallen against the dollar.

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Who Will and Won't Pay America's Rich-Person Tax?

The Alternative Minimum Tax isn’t out, but it is way, way down. The AMT is a complex levy that raises taxes by limiting the value of certain breaks. The good news for many: this year’s AMT is a shadow of its former self.

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Fed Pick Clarida Holds at Least $9 Million in Job-Related Financial Assets

Documents show Federal Reserve vice chairman nominee Richard Clarida holds employment-related financial assets valued at between $9 million and $39 million and other assets valued at between $12 million and $54 million.

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The Era of Low Mortgage Rates Is Over

Mortgage rates this week jumped to their highest level since 2011, signaling a shift from a period of ultra-cheap loans to a higher-rate environment that could slow home price appreciation and squeeze first-time buyers.

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Campbell Soup CEO Denise Morrison Retires

Campbell Soup Chief Executive Denise Morrison is leaving the company, the food maker said, as it also announced a quarterly loss and that it will begin a strategic review of its portfolio.

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Saks Bumps Its Beauty Counter Off Coveted Ground Floor

Saks Fifth Avenue is moving the beauty department at its flagship store off the ground floor, scrapping a nearly century-old blueprint in a bid to compete with Sephora and other beauty chains.

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Look Inside This Chinese Smartphone and See It's Made in America

A look inside ZTE’s Axon 3 smartphone reveals how much the telecom giant depends on U.S. technology: 60% of the electronic components come from U.S. companies including Qualcomm, SanDisk and SkyWorks.

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Bratz Bigwig in Failed Play to Run Rival Mattel

Isaac Larian, the toy mogul behind Bratz dolls, has been at odds with Mattel for more than a decade. Now, he wants to be put in charge of his struggling rival.

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China Backs Off Punitive Measures for U.S. Sorghum

China has ended an anti-dumping and antisubsidy investigation into imported U.S. sorghum and lifted a surcharge on shipments, as the two countries work toward a deal to ease trade tensions.

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Why TV Shows With So-So Ratings Survive

TV networks are making room for shows with so-so ratings, like “Elementary” on CBS and “Brooklyn Nine-Nine” on NBC, because of their potential for future revenues on Netflix and Hulu.

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When It Comes to Tech, Venture Capital Grows Less Venturesome

More big fundraising deals for a few already-large private tech companies means there’s less left for early-stage startups.

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Kroger's Big, Risky Bet on Grocery Delivery

Kroger is betting that robots will give it an edge in the food fight with Walmart and Amazon. Investors can expect a long receipt.

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Trump Trade Chief Says 'Nowhere Near' a Deal on Nafta

President Donald Trump’s trade chief said the U.S. is “nowhere near” a deal on Nafta, effectively brushing aside an offer from House Speaker Paul Ryan for more time to conclude a deal that could be considered in Congress this year.

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FDA Approves Migraine Medicine

Doctors say the new migraine drug from Amgen and Novartis can change patients’ lives by lowering the number of migraine days suffered by patients each month.

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Spate of Company Scandals Taints Singapore's Clean Image

A spate of police investigations and alleged accounting irregularities among companies is denting investors’ confidence in this financial hub, forcing the country’s stock exchange to address what critics say is a legacy of weak corporate governance and market regulation

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Redstones Win First Battle in CBS Fight

CBS has lost the first round in a battle to break free from its controlling shareholder after a Delaware judge on denied its request for a temporary restraining order against the Redstone family. But the legal fight is far from over.

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Fox News Names Suzanne Scott its First Female CEO

Suzanne Scott, the longtime programming chief of Fox News, has been named chief executive of the top-rated cable news channel in an executive reorganization.

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BJ's Wholesale Files for IPO

BJ’s Wholesale Club Holdings Inc. filed for an initial public offering Thursday, in a move that is relatively rare for a retailer recently.

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U.S. Household Wealth Rises Largely Among High-Credit-Score Borrowers

American home equity has recently recovered, but much of this household wealth is more likely to be held by older, high-credit-score borrowers less exposed to financial shocks.

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Vanishing Venezuela: A WSJ Films Documentary

Mismanagement and corruption have left Venezuela’s economy in tatters and millions without food. This WSJ Films documentary follows one Caracas woman’s struggle to feed her family.

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Privacy Policies Flooding Your Inbox? How to Cut Through the Gibberish

Thanks to Europe’s GDPR, companies have bombarded you with their new privacy policies; how to read them without actually reading them.

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Why Lithium and Cobalt Producers Are the Hot New Acquisition Target

Tesla and a large Chinese firm each struck new deals with lithium producers, the latest sign that technology companies, car makers and other big users of lithium are rushing to secure supplies of the material used in electric car and cell phone batteries.

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FDA Calls Out Drug Makers That Improperly Block Generic Competition

The Food and Drug Administration took the aggressive step of publicly exposing drug companies it says may be gaming the system by improperly blocking competition from generics.

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US Jobless Claims Rise, But Hover Near Recent Lows

The number of U.S. workers filing applications for jobless benefits went up more than expected last week but remained at historically low levels.

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Walmart Sees Sales Growth as Digital Investments Remain In Focus

Walmart said that stronger foot traffic and average customer spend per visit at its U.S. stores helped lift sales in its quarter, as the retail giant continued to invest in online initiatives.

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Tax Law Makes Companies Rethink Entertainment Expenses

With the new tax law limiting deductions for business meals and entertainment, many companies are cutting back on beloved perks like season sports tickets.

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PlayerUnknown: Tencent Can't Make Money Off Top Mobile Games

Internet giant Tencent is having trouble making money from two of the biggest mobile games in China. People familiar with the matter say the difficulties stem from China’s unofficial economic sanctions against South Korea for its decision to install a U.S. missile-defense system.

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Farms, Factories Won't Meet U.S. Goal to Cut China Deficit

The White House is likely to fall well short of a plan to slash the U.S. trade deficit with China by half, in large part because American farms and factories will find it hard to produce enough exports to meet that goal.

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Japan Weighs Retaliation Over U.S. Steel Tariffs

The move, a break from the more conciliatory approach Tokyo initially adopted toward its closest ally, reflects Japan’s irritation about its steel being labeled a national-security threat by the Trump administration.

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China Approves Toshiba's $18 Billion Sale of Its Memory-Chip Unit

Private-equity firm Bain Capital received approval from Chinese antitrust regulators for its deal to buy Toshiba’s memory-chip unit.

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Power Play: How China-Owned Volvo Avoids Beijing's Battery Rules

Chinese-owned Volvo Car Group is being allowed to use high-end South Korean battery technology in the electric hybrid vehicles it builds in China, even as Beijing strong-arms other auto makers into using Chinese batteries.

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Disabled Gamers Get a New Controller From Microsoft

Microsoft is making its first videogame controller designed for people with disabilities, the latest in a growing number of industry efforts to accommodate players who face challenges seeing, hearing and directing the on-screen action.

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Oil's at $70, but Frackers Still Struggle to Make Money

American shale drillers are still spending more money than they are making, even as oil prices rise. Of the top 20 U.S. oil companies that focus mostly on fracking, only four managed to generate more cash than they spent in the first quarter, according to a Wall Street Journal analysis of FactSet data.

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YouTube Music, a New Streaming Service, to Launch May 22

The company said its new offering will include a “reimagined mobile app” and a new desktop player designed for music.

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Zuckerberg to Meet European Officials Next Week

Facebook CEO Mark Zuckerberg will meet with French President Emmanuel Macron and other European officials next week, as the Silicon Valley giant tries to calm tension with regulators and policy makers on both sides of the Atlantic.

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European Firms Start Pulling Back From Iran

European firms have started pulling back investment and abandoning commitments in Iran, responding to the imposition last week of broad new American sanctions on Tehran.

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'I Am the Mastermind': Mohammed bin Salman's Guide to Getting Rich

The heir to the Saudi throne wasn’t always fabulously wealthy. Now, amid his crackdown on corruption, The Wall Street Journal has pieced together ways the crown prince and his brothers have leveraged businesses connected to government to make money—including a mammoth jet-leasing deal involving Airbus and the national airline.

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Venezuela's Creditors Are Cutting Its Crude-Oil Lifeline

A series of court rulings are a major blow to the cash-strapped and increasingly isolated nation at a time when its once-thriving state energy monopoly, Petróleos de Venezuela has been left in tatters after years of mismanagement.

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Trump Says 'There Has Been No Folding' Over Possible ZTE Deal

President Donald Trump sought to counter criticism of his administration’s efforts to ease tough U.S. penalties on Chinese telecommunications giant ZTE Corp.

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Redstones Call CBS Maneuver 'Usurpation' of Voting Power

Shari Redstone is firing back at CBS after the media company moved to strip her family of voting control.

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Sports-Betting Companies Race to Expand After Supreme Court Decision

With potentially billions of dollars in new revenue at stake, companies such as Churchill Downs, FanDuel and Paddy Power Betfair are racing to expand their sports betting operations after the Supreme Court struck down limits.

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U.S. Industrial Production Rose 0.7%

U.S. industries pumped out more goods in April to meet growing demand from consumers and businesses, another sign the economy is gaining momentum.

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Macy's Shows Signs of Life After Prolonged Slump

After closing dozens of unprofitable stores, Macy’s reported higher sales at those locations still open amid the first signs that the department store giant is pulling out of a prolonged slump.

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U.S. Housing Starts Dropped in April

U.S. housing starts fell in April, pulled down by weakness in multifamily building.

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Japan's Longest Stretch of Economic Growth in 28 Years Ends

Japan’s economy shrank in the first three months of 2018 due to weak private consumption and business investment, the first contraction since the final quarter of 2015.

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Oil Companies Look to Profit at the Pump

Major oil companies are doubling down on gas stations, refineries and processing plants, betting on a once-unloved part of the energy business to shore up profits and expand their customer bases.

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Can You Handle It? Bosses Ban Cellphones From Meetings

Many managers are conflicted about how—or even whether—to limit smartphone use in the workplace.

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Cisco Earnings: What to Watch

Cisco Systems is scheduled to report fiscal third-quarter results after the market closes. Here’s what to watch.

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MoviePass Proves Great for Customers, Awful for Investors

MoviePass, the service that lets people see a new film every day for $9.95 a month, has seen its subscribers skyrocket to three million. But its parent company has been bleeding cash, prompting shareholders to stampede for the exit.

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Disney Considers Letting Pixar Co-Founder Lasseter Return

Executives at Walt Disney have discussed bringing animation guru John Lasseter back to the company in a new role that would reduce his managerial power but allow him to retain creative influence.

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Top Frequent-Flier Programs for 2018

Southwest leads a survey of award availability on 25 airlines, along with Air Canada, Turkish and JetBlue; American makes a big move to open up seats.

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GM's Next Battle With Ford: Really Big Pickups

The business of big work trucks is bigger than ever, opening up a new front in the market-share battle between GM and Ford, which dominate the production of these multitasking pickups.

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European Companies Report Slower Earnings Growth

Unfavorable currency swings, rising commodity prices squeeze profits at European companies

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Novartis Lawyer Departs in Relation to Cohen Payments

Novartis said its general counsel is retiring from the company in connection with its $1.2 million payments to a company owned by Michael Cohen, U.S. President Donald Trump’s longtime personal lawyer.

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Don't Get Attached to Your Desk at Work

Group workspaces at the office are going mainstream, but employers must work to make the transition from assigned seats a smooth one.

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Trump Administration Won't Consult California on Vehicle Emissions Rules

The Trump administration doesn’t plan to give special treatment to California while it drafts new federal rules on vehicle emissions, despite President Donald Trump’s suggestions last week that his team would work on a deal with the state.

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Mexico Doesn't See Nafta Talks Wrapping Up Before Deadline

Mexican Economy Minister Ildefonso Guajardo said that he doesn’t expect an agreement on the North American Free Trade Agreement to be reached by Thursday, although Mexico is continuing negotiations with the U.S. and Canada toward an accord.

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Leagues and States Make Grab for New Sports-Betting Revenue

Now that the Supreme Court has paved the way for states to allow sports betting, pro sports leagues, gambling operators and governments are vying for their share of potentially billions of dollars of new revenue.

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Twitter to Demote Replies That Could Harm Conversation

Twitter is turning to greater automation in its battle against abuse on its platform, saying its software will start automatically demoting response posts that it determines are likely to disrupt or disturb users’ conversations.

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Facebook Throws More Cash at a Tough Problem: Stamping Out Bad Content

Facebook has spent more than a decade building an efficient machine to analyze and monetize the content on its platform. Now it is putting more resources into defending the platform from bad actors.

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U.S. Retail Sales Rose Broadly in April

Americans ramped up their spending in April, marking the second month of growth after a winter of sluggish spending.

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New Fed Reports Show Rising Inflation Expectations

Reports from the New York and Cleveland Federal Reserve banks should bolster officials’ confidence that inflation will continue to rise.

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Investors Look for Insights Into Fed's Direction at Hearing for Nominees

The Powell Fed comes into focus as a potential top lieutenant to the new Fed Chairman testifies on Capitol Hill.

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Why Empty Seats at Taylor Swift's Concerts Are Good for Business

Taylor Swift’s “Reputation” tour is a test case for a ticket-pricing strategy that squeezes out scalpers and captures more profits for promoters.

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Gap Irks China With Map on Shirt, Quickly Apologizes

Gap is the latest foreign company to offend China’s geopolitical sensibilities—and the latest to apologize swiftly for the slight.

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Philadelphia's Soda Tax Goes to Court: What You Need to Know

Pennsylvania’s highest state court is set to hear a challenge by the American Beverage Association and others to Philadelphia’s soda tax, with implications for other cities that have adopted similar measures.

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A World Apart: Charting the Gulf Between Chinese and U.S. Tariffs

The Trump administration’s campaign to reduce trade imbalances with Beijing underscores the distance between the world’s two largest economies. We look at how they differ over import duties on everything from aircraft to corn to electric toothbrushes.

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As NAFTA Deadline Nears, Trump Administration Faces Choices

The Trump administration is facing stark choices as it seeks to fulfill promises to rewrite the North American Free Trade Agreement with Canada and Mexico ahead of a fast-approaching deadline.

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Uber Ends Mandatory Arbitration Clauses for Harassment Claims

Uber Technologies is taking a step toward moving past its scandal-ridden history by ending the company’s use of the widespread but controversial practice of mandatory arbitration for claims of sexual harassment and assault.

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The Future of Fake News in India: 1,000 WhatsApp Messages a Day

For Gurupad Kolli, a 40-year-old lawyer who lives in a remote Indian village, the torrent of WhatsApp messages surging to his phone a few weeks ago meant one thing: election day was near.

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Investors Are Wary as Companies Ramp Up Capital Spending

U.S. companies are ramping up spending on their businesses at the fastest pace in years, a long-awaited development following years of tepid growth. But investors may question whether it is worthwhile.

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Vodafone Chief to Depart After a Decade

Vodafone Chief Executive Vittorio Colao is set to leave his position after reshaping the world’s second-biggest mobile carrier over 10 years.

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Ambassador Hagerty: U.S. and Japan Moving Quickly Toward Trade Deal

The U.S. and Japan are moving rapidly toward a bilateral trade agreement, James Hagerty said at The Wall Street Journal CEO Council meeting in Tokyo on Tuesday.

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Modigliani Nude Sells for a Record $157 Million

Sotheby’s sold ‘Reclining Nude,’ an Amedeo Modigliani painting of a naked brunette lounging on tousled bedsheets, for an artist record, making it one of the few paintings to surpass $150 million at auction.

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Facebook Suspends Some 200 Apps in Data-Abuse Investigation

The apps, which Facebook didn’t name, are among thousands the company has examined so far in an investigation of outside developers.

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Kaspersky to Relocate Some Operations Out of Russia

Russian antivirus-software company Kaspersky Labs said it would relocate significant operations from Russia to Switzerland, after the U.S. and U.K. governments said the company could be vulnerable to Moscow interference.

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Supreme Court Ruling Opens Door to Sports Betting

The Supreme Court opened the door for states to allow betting on sporting events, siding with New Jersey in a case that invalidates a law that prohibited such wagers in most of the U.S.

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Auto Makers Miss Deadline for Repairing Explosive Air Bags

A dozen auto makers failed to meet a deadline to repair millions of air bags that risk exploding in crashes, prompting the top U.S. safety regulator to summon them to meetings.

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IPO Slowdown Leads Venture Giant NEA to Sell Chunk of Portfolio

New Enterprise Associates, one of Silicon Valley’s largest venture-capital firms, plans to sell off a big chunk of its startup investments in response to a dearth of initial public offerings.

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U.S., China Discussing Deal on ZTE, Agricultural Tariffs

The U.S. and China are closing in on a deal that would give China’s ZTE Corp. a reprieve from potentially crippling U.S. sanctions in exchange for Beijing removing tariffs on billions of dollars of U.S. agricultural products.

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CBS Goes on Attack Against Redstones

CBS Corp. has declared war on its controlling shareholder, suing Shari Redstone and her family’s National Amusements Inc. holding company for trying to force CBS to merge with Viacom Inc.

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Tesla CEO Says Company Is 'Flattening Management Structure'

Tesla will undergo a restructuring to flatten its management structure, Chief Executive Elon Musk told employees.

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As the U.S. Retreats From Trade Deals, Dollar May Suffer

Trade friction is emerging as the latest threat to the U.S. dollar’s position at the heart of the global financial system.

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How the World's Biggest Companies Are Fine-Tuning the Robot Revolution

Automation is leading to job growth in certain industries where machines take on repetitive tasks, freeing humans for more creative, higher-order duties. That’s particularly relevant for manufacturing, the food sector and service sectors.

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Farmers Across High Plains Brace for Hard Times as Drought Bears Down

After three fairly wet years, a drought has descended on the southern Great Plains, one of the nation’s most fertile farming areas, affecting everything from cotton to cattle to farming-equipment sales.

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Fed's Mester Says Improved Economic Outlook Supports More Rate Rises

Federal Reserve Bank of Cleveland President Loretta Mester said Monday a shifting outlook for the economy may mean the central bank has to raise rates more than she once expected.

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Tesla Considered Adding More Driver Safeguards to Autopilot System

Long before the fatal March 23 crash of a Tesla with its Autopilot system engaged, some company engineers expressed concern that more warnings were needed to keep drivers’ eyes on the road or hands on the wheel.

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Commerce Dept. Order Leaves Millions Of ZTE Phone Users Without Android Updates

Millions of American users of smartphones made by ZTE Corp. are already feeling the fallout from the U.S. Commerce Department’s blacklisting of the Chinese phonemaker: They’re unable to update Google’s Android operating system.

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Target Tests Retail 'Flow Center' for Faster, Nimbler Distribution

Retailer’s supply strategy aims to reduce inventory in store back rooms, create more space for online fulfillment.

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CEO Pay and Performance Often Don't Match Up

The best-paid CEOs don’t necessarily run the best-performing companies, and the corporations posting the best shareholder returns score in the middle of the pack in terms of CEO pay, according to a WSJ analysis.

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Tesla Takes Step Toward Opening Factory in Shanghai

Tesla has taken a step closer to setting up its first overseas car plant by registering a company in Shanghai.

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Fujifilm Won't Sweeten Offer for Xerox

The Japanese company said it would continue to fight for a merger with Xerox and present its offer again to the new management, but said it wouldn’t sweeten the terms.

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Cities Recycle Their Amazon Pitches to Attract New Business

Many of the 20 cities shortlisted as sites for the retail giant’s second headquarters are using the multimedia presentations they created for Amazon’s application to pitch to other companies.

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Shale Drillers Look Beyond Texas as Prices Rise

From Oklahoma to North Dakota, companies are increasing investment in oil fields that fell out of favor several years ago, as $70-a-barrel crude prices make fracking and horizontal drilling economical in more places again.

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Is This Hospital Takeover Permitted? Ask the Catholic Church

The Vatican has been asked to weigh in on a proposed union between Catholic Health Initiatives and Dignity Health which would create one of the largest U.S. hospital owners.

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Trump Keeps Up Pressure on Auto Makers to Generate U.S. Jobs

Whatever auto makers want to do, one item tops President Donald Trump’s agenda for the industry: more jobs for Rust Belt states that helped elect him.

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U.S. Businesses to Make Their Case Against China Tariffs

Trade representative’s office will hold hearings on proposed duties starting Tuesday. Top executives of some big companies are expected to raise complaints, but some manufacturers support the Trump administration’s initiative.

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In Self-Driving-Car Road Test, We Are the Guinea Pigs

Tesla and other companies are conducting an experiment in public safety, with unproven car technology on public roads and drivers who might not be aware of all the risks.

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Trump Says Working With Chinese President Xi to Keep ZTE in Business

President Trump said he is working together with Chinese President Xi Jinping to keep ZTE in business, an extraordinary lifeline for the embattled Chinese telecom giant following a Commerce Department order banning American companies from selling to the firm.

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Abu Dhabi Jumps Into Middle East Oil-Refining Rush

Abu Dhabi’s national oil company said it would spend $45 billion over the next five years to join other giant, state-run petroleum giants, like Saudi Aramco, in refining much of their own crude instead of just exporting it.

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WeWork Wants to Be its Own Landlord, Using Other Investors' Money

WeWork’s $850 million deal to buy the Lord & Taylor store building via its new real-estate investment fund would make the company both landlord and tenant—raising conflict-of-interest questions.

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Recycling, Once Embraced by Businesses and Environmentalists, Now Under Siege

The U.S. recycling industry is breaking down as prices for scrap paper and plastic have collapsed.

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New U.S.-Europe Strains Thrust an Old Fight Over Planes to Fore

Lingering discord from President Trump’s withdrawal from the Iran nuclear accord and his threat to levy tariffs puts a multi-billion dollar dispute over Airbus and Boeing back in the spotlight ahead of a WTO ruling expected this week.

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ZTE Says Errors, Not Lies, Led to Failure to Comply With Settlement

ZTE has told U.S. authorities that its failure to fully comply with a U.S. settlement agreement resolving sanctions-busting charges was due to faults in its internal controls, not deception.

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Mueller Asked Ford for Records After It Rejected Michael Cohen Consulting Overture

Michael Cohen, who has served as President Donald Trump’s personal attorney, made an overture to provide consulting services to Ford in January 2017 but was rebuffed, people familiar with the matter said.

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Exclusive Soho House Wants More Members---Lots of Them

Soho House, known for chic, members-only properties catering to those in creative industries, is in the midst of a counterintuitive strategy: expanding its limited-entry club model into a global empire.

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P.F. Chang's Brings Sort-of Chinese Food to China

The first P.F. Chang’s restaurant to open in China calls itself an “American bistro”—and draws curious diners who want to know what Americans think Chinese food should taste like.

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GameStop CEO Leaves After Three Months in Role

GameStop Chief Executive Michael Mauler has left the company after only three months in his post and replaced by former CEO Daniel DeMatteo on an interim basis.

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U.S. Consumer Sentiment Held Steady in Early May

The University of Michigan index of consumer sentiment was 98.8, unchanged from April

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AT&T's Executive Who Oversaw Cohen's Contract Forced Out

AT&T Inc.’s top Washington executive and policy chief is being forced out of the company after his office paid $600,000 to Trump attorney Michael Cohen last year.

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Didi Partially Suspends Ride-Hailing Service After Passenger Death

Ride-hailing giant Didi Chuxing said it will suspend one of its services for a week amid widening public outrage over the death of a passenger.

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Electric-Vehicle Sales Amp Up in China

China’s auto sales rose 11.5% last month compared with the same period last year, as Beijing’s policies designed to drive purchases of electric vehicles looked to be having an effect.

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Canada Sheds Jobs in April, While Wages Rise to Near Six-Year High

Canada unexpectedly shed jobs in April on a drop in part-time employment. Meanwhile, the unemployment rate remained unchanged at a decade-plus low and wage growth accelerated at its fastest pace in nearly six years.

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Stage Is Set for Battle Over Data Privacy in Europe

A battle is looming in Europe over what information Facebook, Google and other companies can demand from you. It boils down to what they really need to know—a debate that could end up in courts for years.

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Quotas Make a Comeback as Countries Seek U.S. Tariff Exemptions

Some countries are accepting quotas on their exports to the U.S. as they strike deals with the Trump administration to avoid tariffs.

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Sprint, T-Mobile Vow Merger Won't Repeat Havoc of Earlier Sprint Tie-Up

Sprint’s plan to merge with rival T-Mobile is stirring memories of dead phones and spotty service for some longtime Sprint customers.

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Solar-Panel Makers Ramp Up U.S. Manufacturing Plans

At least three solar-panel companies have announced manufacturing plans in the U.S. in recent months, and it isn’t all because of President Donald Trump’s tariffs on imported solar panels.

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Cisco Scrubs Blog Post About YouTube Ads as It Figures Out Messaging

In a blog post, Cisco attacked YouTube over concerns about its advertisements appearing alongside unsavory content. But that post later vanished.

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Japan Catches Up With Shipping Consolidation

The three biggest carriers in Japan have merged their container operations to compete with bigger rivals in Asia and Europe.

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The Multibillion-Dollar Summer-Movie Battle Royale

A behemoth box-office contender will open nearly every week. Han Solo and Deadpool duke it out with ‘Jurassic World’ dinosaurs and Dwayne Johnson.

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As Nafta Deadline Nears, Hopes for Deal Focus on Autos

The U.S., Canada and Mexico are focusing on rewriting the auto rules at the center of the North American Free Trade Agreement as negotiators face hard deadlines, raising the possibility of less drastic changes to Nafta.

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Another Elon Musk Prediction: Rocket Launches Will Be as Routine as Airline Flights

Staking out another bold space objective, Elon Musk said the latest configuration of his rocket is designed to fly as many as 10 times without any scheduled maintenance, and ultimately could be refurbished and blast off at least 100 times.

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Novartis CEO Calls Hiring of Trump Lawyer Michael Cohen a 'Mistake'

Novartis Chief Executive Vasant Narasimhan said the company “made a mistake” agreeing to pay Trump lawyer Michael Cohen $1.2 million for what Novartis has described as his insight into health-care policy.

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Dropbox Revenue Increases as It Lands More Paying Users

Dropbox Inc. added about half a million paying customers in the first quarter, helping the data-storage provider increase revenue by 28% in its first financial report as a publicly traded company.

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Treasury: Federal Budget Surplus for April Largest on Record

Government revenue rose by 12%, or $55 billion, in April from the same period a year earlier, the Treasury Department said Thursday. That brought April’s surplus to $214.3 billion.

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U.S. Is Likely to Add About 15,000 Work Visas This Summer

The Trump administration is expected to make about 15,000 additional H-2B visas available for low-skilled foreign workers this summer, a modest supplement to the popular program.

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Goldman Sachs, Apple Team Up on New Credit Card

Goldman Sachs and Apple are preparing to launch a joint credit card, marking the Wall Street firm’s first foray into plastic.

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U.S. Raises Pressure on Iran With Sanctions on Currency Exchange

The U.S. levied sanctions against several Iranian firms and individuals it said are operating an illegal currency-exchange network in the United Arab Emirates, and accused Iran’s central bank of being complicit in operations funneling dollars into the country for an elite military unit.

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Release of Thousands of Russia-Linked Facebook Ads Shows How Propaganda Sharpened

Newly released documents show how Russian propagandists on Facebook grew increasingly sophisticated and inflammatory in their tactics over two years as they worked to sow discord in the U.S. before and after the 2016 presidential election.

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ZTE's Operations Shutdown Stymies Major Phone Customers

AT&T, Telstra and other customers of ZTE are reassessing their ties with the hobbled Chinese firm, concerned that supplies of phones and telecom gear will soon run short after assembly lines were shut down.

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Trump Administration Irked with Car Makers on Fuel-Economy Policy

The leaders of the world’s biggest car companies are arriving at the White House, and it may be their last chance to stop the Trump administration from a head-on collision with California.

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Eli Lilly Buys Immunotherapy Cancer Treatment Company for $1.6 Billion

Eli Lilly and Co. is buying ARMO BioSciences Inc. for $1.6 billion in the latest investment in the hot area of immunotherapy cancer treatments.

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Economists Think the Next U.S. Recession Could Begin in 2020

The economic expansion that began in mid-2009 and already ranks as the second-longest in American history most likely will end in 2020 as the Federal Reserve raises interest rates to cool off an overheating economy, according to forecasters surveyed by The Wall Street Journal.

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Economists See Fed Raising Rates in June, Then September

The Federal Reserve is almost certain to raise short-term interest rates at its June policy meeting and will likely follow up with another increase in September, according to economists surveyed by The Wall Street Journal.

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U.S. Jobless Claims Stay Near Historically Low Level

Layoffs across the U.S. are hovering near the lowest level in half a century. as he number of Americans applying for unemployment benefits stood at 211,000 in the week ended May 5.

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U.S. Consumer Prices Rose 0.2% in April

U.S. consumer prices rose less than expected in April, but on an annual basis, inflation showed signs of firming.

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BOE Bullish on U.K. Economy as It Leaves Rates Unchanged

The Bank of England still expects to raise its key interest rate over the coming years, saying that a slowdown in economic growth during the first three months of the year was probably not as severe as first estimated.

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Dropbox Earnings: What to Watch

The number of paying users and competition from other software firms should be in focus as the web-storage firm files its first financial report as a public company.

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Why Ford's Big China Wager Is Faltering

The auto maker began a $5 billion investment plan in the country in 2006, but after an initial boost, Ford’s car sales are stalling.

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Eight of the Best-Paid CEOs of 2017 Are No Longer on the Job

Steve Wynn, Hunter Harrison and Mattel’s Margo Georgiadis were all among the best paid CEOs of 2017—and now no longer lead those companies.

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