CBS Alleges Videotape of Ailing Mogul Sumner Redstone Felled Board Member

CBS Corp. alleged that its vice chairman, Shari Redstone, pushed to remove a board member earlier this year after he recorded a meeting with her father, CBS Chairman Emeritus Sumner Redstone, to document his medical condition.

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Strong Economic Growth Boosts U.S. in Trade Battles

China, Europe and Mexico’s economies showed fresh signs of stumbling Tuesday while the U.S. powered ahead, boosting Washington’s hand as it jockeys with them over trade.

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Justice Official Asks to Reopen Bankruptcy Case Advised by McKinsey & Co.

The Justice Department unit that oversees the nation’s bankruptcy system wants to reopen a 2015 case so it can investigate whether conflicts of interest at McKinsey & Co. tainted its work as an adviser to Alpha Natural Resources, a coal mining giant.

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Sanofi Has Been Stockpiling Drugs for No-Deal Brexit for Six Months

French pharmaceuticals company Sanofi SA has been making drug-shortage contingency plans for more than a year to prepare for the U.K. failing to reach a deal with the European Union on Brexit, according to a person familiar with the matter.

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Apple's Revenue, Earnings Top Estimates

Apple delivered its best-ever revenue for the June quarter, typically its weakest period, as demand for high-price iPhones remained resilient and services like app-store sales swelled to all-time highs.

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Lumber Liquidators Shares Plunge as Higher Costs Weigh on Margins

Shares of Lumber Liquidators Holdings fell 18% on Tuesday as higher transportation expenses, promotions and costs from phased-out products overshadowed higher-than-expected revenue in the latest quarter.

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Brookfield Asset Management to Acquire Forest City

Brookfield Asset Management has agreed to buy real-estate developer Forest City Realty Trust in a transaction valued at $11.4 billion including debt.

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Facebook Removes Fake Accounts For 'Inauthentic Behavior'

Facebook says it has shut down fake accounts that displayed activity similar to that of Russians during the 2016 U.S. election campaign.

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MoviePass Plans to Raise Prices, Limit Access to Blockbuster Films

A standard subscription plan for MoviePass will cost $14.95 a month, up from $9.95, within the next 30 days.

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Arconic Shops Unit That Made Panels in Grenfell Fire

Arconic Inc. said it is looking to sell the unit that made the building panels involved in last year’s deadly Grenfell Tower fire in London.

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Samsung's Mobile Profits Fall as Consumers Balk at Costly Phones

Fewer buyers than expected have shelled out top dollar for Samsung’s new flagship device, the Galaxy S9.

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U.S. Executives Keep Hoarding Cash as Trade Tensions Unfold

Executives at U.S. companies continued to accumulate cash in the second quarter, in a sign of wariness around escalating trade tensions, according to a new survey.

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Qualcomm to Buy Back $10 Billion Worth of Shares

Qualcomm unveiled the first part of a share buyback program authorized last week after scrapping a bid to buy NXP Semiconductors.

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Food Retailer Supervalu Settles With Activist

Investment firm Blackwells suspends its campaign as the food retailer and distributor prepares to sell.

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U.S. Consumer Confidence Rises Slightly

The Conference Board said its measure of U.S. consumer confidence inched higher in July from the previous month.

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Why Americans Spend So Much on Health Care---In 12 Charts

Prices are hidden behind insurance deals, hospital consolidation pushes up costs and the health sector is a growing power in the economy.

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Chinese Economy Starts to Feel Impact of U.S. Tariffs

China’s leadership pledged to ensure economic stability as its trade fight with the U.S. started to pinch growth, signaling that a bigger stimulus could be on the horizon.

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Apple Comes Under Media Fire in China

Chinese state media claims the U.S. technology giant isn’t doing enough to block texts and images trafficking in prohibited content including pornography, gambling and counterfeit goods.

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U.S. Household Spending, Income Rose in June

U.S. households’ incomes and spending both rose at a solid rate in June, indicating consumers have the capacity to drive gains in economic output.

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U.S. Employment Costs Rose in the Second Quarter

Compensation for American workers grew at a steady clip in the second quarter, posting the largest year-over-year increase in nearly a decade.

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P&G Reports Slightly Higher Sales, Drop in Prices

Strong sales in the beauty segment in Procter & Gamble’s fourth quarter helped offset lower sales in grooming products where price cuts didn’t improve performance.

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Pfizer to Raise R&D Spending as Pipeline Focus Sharpens

Pfizer plans to increase research and development spending for the remainder of the year in a bid to accelerate the delivery of potential blockbuster treatments to market.

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Motorcycles Are Helping Honda Get a Handle on Tariffs

Like others in the car industry, Honda is getting hit by higher prices caused by U.S. metals tariffs. Unlike others, motorcycle sales are helping it ease the pain.

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China Regulator's Vaccine Reassurance Backfires

China’s food and drug watchdog, looking to restore public confidence in its vaccine oversight Tuesday, instead set off a fresh social-media uproar.

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ComScore to Debut First Ad Product Under New CEO

ComScore is preparing to launch a new product that measures ad views across platforms like TV and mobile, the first big move by new Chief Executive Bryan Wiener, who has been charged with turning around the beleaguered business.

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Out of Stock Online? Zara Will Ship From Stores Instead

Fast-fashion giant Zara is equipping its stores to also ship online purchases, betting that the move will boost sales of full-priced items than can be delivered to customers more quickly than from a warehouse.

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Apple Could've Been a Trillionaire Long Ago

Buybacks and dividends have rewarded shareholders but probably cost the tech giant the distinction of already being the first company with 13 digits.

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Nintendo Operating Profit Jumps 88% Despite Softer Switch Sales

Nintendo said its operating profit nearly doubled in the fiscal first quarter as strong game-software sales more than offset a falloff for its main Switch game console. Net profit was up 44%.

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Young People Don't Want Construction Jobs. That's a Problem for the Housing Market

The share of young construction workers declined nearly 30% from 2005 through 2016, contributing to a labor shortage that has meant fewer homes being built and rising prices—possibly for years to come.

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Apple Expected to Report Modest iPhone Growth

Apple Inc. is scheduled to report results for its fiscal third quarter after the market closes Tuesday. Here’s what you need to know.

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Sony's Profit Soars on Strong Sales

Sony reported another strong quarter of earnings, buoyed by stable sales of electronics hardware, strength in its PlayStation videogame business and demand for smartphone camera components.

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BP Posts Sharp Rise in Profit

BP said second-quarter profit jumped, as the company signaled renewed confidence with its biggest deal in 20 years and plans to raise its dividend.

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At Law Firms, Rainmakers Accused of Harassment Can Switch Jobs With Ease

Law firms stand out in a corporate landscape where rainmakers accused of sexual harassment often receive second and third chances, according to interviews with dozens of lawyers, legal recruiters, consultants and leaders at some of the country’s largest firms.

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Eight States Sue to Block Release of Plans for 3D-Printed Guns

Eight states filed suit to block a pro-gun group from distributing files online for making firearms with 3D printers.

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BOJ Sticks to Policy, Defying Expectations

The Bank of Japan bucked market expectations and kept its ultra-easy monetary policy in place in a bid to stimulate inflation, which the central bank acknowledged will likely fall short of its 2% goal until at least 2021.

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Samsung Electronics Posts Flat Second-Quarter Net Profit

Samsung Electronics Co. reported flat second-quarter net profits, as a big drop in mobile phone profits dragged down results that were again buoyed by its strength in memory chips.

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CBS to Appoint Law Firm to Handle Probe Into Moonves Allegations

CBS said its board of directors was in the process of selecting an outside law firm to handle an independent investigation into allegations Chief Executive Leslie Moonves sexually harassed women.

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GE Looks to Sell More Assets

General Electric is seeking a buyer for key parts of its digital business as the beleaguered industrial conglomerate unwinds a signature initiative of former Chief Executive Jeff Immelt.

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Vivendi to Explore Selling Up to 50% of Universal Music Group

The move is a stark turnaround for the French media conglomerate, and an attempt to cash in on a resurgence in the music business.

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Chinese Investors Pulled Back in U.S. in 2017

The cumulative level of Chinese investment in the U.S. declined in 2017, according to a new Commerce Department report, adding to evidence that tensions between Beijing and Washington are damping enthusiasm of Chinese investors for American assets.

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Amazon HQ2: Finding the Perfect Match

Which North American town, city or region wooing Amazon will be the location of its next headquarters? This video explains what the company is looking for in a headquarters match and how cities are trying to win its love.

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Tesla Explores Building Major Factory in Europe

Tesla Inc.’s international expansion is gaining momentum, with authorities in Germany and the Netherlands initiating talks with the company to build its first major European factory.

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U.S. to "Deepen Engagement" in Asia, Pompeo Says

Secretary of State Mike Pompeo said in a speech that the U.S. was committed to growing trade and investment in Asia, while assuring potential strategic and trade partners the U.S. wanted partnership, not domination.

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Harley Plans Smaller Motorcycles to Woo Young Riders

The motorcycle maker will introduce a line of middleweight motorcycles and also plans to make small motorcycles for the Asian market.

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China's Plans for Tech Homecoming Stall

China’s ambitious plan to lure technology giants back home is languishing, with companies and regulator blaming each other and a weaker stock market.

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Tyson Cuts Outlook on Tariffs, Commodity Volatility

The food company said tariffs have hurt domestic and export prices on chicken and pork. Tyson also said domestic chicken demand has weakened due to an abundance of “relatively lower-priced beef and pork.”

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Starbucks Ties Up With Alibaba to Deliver Coffee in China

Starbucks is joining with e-commerce giant Alibaba Group Holding to deliver beverages and snacks, as it seeks to reverse a sales decline in China.

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Caterpillar Profit Surges, Absorbs Tariff-Related Cost Increases

Caterpillar raised its profit outlook for the year as strong machinery sales in a buoyant global economy offset increased raw material costs related to tariffs.

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Johnson & Johnson Adds Zarbee's Naturals to Consumer Brands

Johnson & Johnson’s consumer-health arm reached a deal to buy children’s cough-syrup maker Zarbee’s Naturals, majority owned by private-equity firm L Catterton.

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US Foods to Buy Five Food Businesses for $1.8 Billion

US Foods Holding Corp. has agreed to buy five food businesses from Services Group of America in a $1.8 billion cash deal that will boost US Foods’ presence in the northwest U.S.

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MGM Makes Wager on Sports Betting

MGM Resorts said it would partner with Britain’s GVC to set up a U.S. sports betting and online-gambling business, the latest wager that Americans will gamble more after a landmark court ruling earlier this year.

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Facebook's Next Challenge: Less Data to Target Ads

Facebook’s advertisers in Europe are on the front lines of its efforts to tighten privacy practices, and their frustrations help explain why the social-media giant’s troubles are far from over.

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Bigger Oil Pipelines Are Coming to West Texas to Ease Bottleneck

Companies building new pipelines for the Permian Basin are making them bigger amid surging shale production in West Texas and New Mexico.

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Jack Ma's Giant Financial Startup Is Shaking the Chinese Banking System

Ant Financial, which grew out of Alibaba, controls the world’s largest money-market fund, handled more payments last year than Mastercard and is more valuable than Goldman Sachs. Its power and disruptive capacity is drawing a backlash from Chinese banks—and also the government.

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CBS Directors Weigh Whether Moonves Should Step Aside

Some CBS directors discussed over the weekend whether Chief Executive Leslie Moonves should step aside from the company pending its investigation into allegations he sexually harassed women.

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'Fallout' Jumps to No. 1 at the Box Office

Powered by the best reviews of any big budget movie this summer, Tom Cruise’s “Mission: Impossible—Fallout” opened to a new high for the franchise over the weekend.

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Global Week Ahead: U.S., Japan and Brazil Policy Meetings

In the week ahead, central banks including the U.S. Federal Reserve, Bank of Japan and Brazil’s central bank will hold policy meetings.

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Employers Eager to Hire Try a New Policy: 'No Experience Necessary'

More companies, desperate for candidates for jobs ranging from auto mechanic to e-commerce analyst, are abandoning requirements about college degrees and prior job experience.

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This Camera Crushes Your Phone---and Still Fits in Your Pocket

The remarkable thing about Sony’s new RX100 is that it packs so many features into a body much closer in size to a smartphone than a chunky DSLR. At $1,200 it’s pricey, writes David Pierce, but the RX100 VI may be the best camera you can take anywhere.

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More Potash Coming to an Already Crowded Market

EuroChem, a maker of nitrogen and phosphate fertilizers, is getting into the potash-mining business, in a move that could shake up a market dominated by a handful of producers in North America and the former Soviet Union.

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A&E Networks Names New Leader

A&E Networks Group on Friday named the man behind the hit show “Live PD” to run its business of cable networks, which includes A&E, Lifetime and History.

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Soda, Motorcycle Prices Rise as Tariffs Pinch Consumers

Consumers are paying more for products from recreational vehicles to soda as tariffs on metals and parts put pressure on U.S. manufacturers.

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Chinese Tariffs Hit U.S. Almond Exports

Prices for California almonds have fallen by more than 10% over the past two months, reflecting expectations for a bumper crop and steep tariffs imposed this year by China.

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Walmart Explores Its Own Streaming Service

Walmart is exploring a subscription video streaming service that would seek to challenge Netflix and Amazon.com by offering programming that targets Middle America.

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Facebook's Hard Fall Shows the Pitfalls of Big Data

Companies typically use only 5% to 10% of the data they collect. They’re beefing up their efforts to use more—but a consumer backlash is brewing.

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How Sellers Trick Amazon To Boost Sales

The digital giant battles click farms, reviewers-for-hire and other scams as merchants try to outsmart its product-ranking system.

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Investors Step Back From Social-Media Highfliers

Shares of Twitter and Facebook endured a surprise rout this week, as investors were rattled by signs that users are souring on the social-media stalwarts.

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Papa John's Names Olivia Kirtley as Board Chair

Papa John’s said Olivia Kirtley, the company’s lead independent director, has been appointed the board chair after founder John Schnatter’s sudden departure.

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U.K. Report Calls for More Oversight of Tech Companies Such as Facebook

A new report from the U.K. Parliament calls for tech companies to be liable for harmful and misleading material on their platforms, warning of a “democratic crisis” being created by the spread of misinformation.

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Sergio Marchionne Sweated Small Stuff and Slashed Bureaucracy at Fiat Chrysler

Sergio Marchionne, CEO of Fiat Chrysler, stood out in the auto industry as a destroyer of bureaucracy and shrewd negotiator.

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State Regulator Revokes Approval of Charter, Time Warner Cable Merger

A New York regulator revoked its approval of Charter Communications Inc.’s 2016 merger with Time Warner Cable Inc., saying Charter failed to fulfill its obligation to extend broadband service to rural areas.

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MoviePass Parent Gets High-Cost Loan as Service Faces Outage

The majority-owner of popular movie-theater subscription service MoviePass took out an expensive hedge-fund loan to cover bills from business partners at the same time it deals with a service outage for subscribers.

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Facebook Temporarily Bans Alex Jones Over Video Posts

Facebook banned controversial radio host Alex Jones for 30 days for repeatedly posting content that violated the social network’s community guidelines.

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California High Court Rules Starbucks Must Pay for Off-the-Clock Work

Starbucks must pay employees for off-the-clock work such as closing and locking stores, the California Supreme Court ruled in a decision that could have broad implications for companies that employ workers paid by the hour across the state.

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CBS Board to Probe Allegations of Misconduct by CEO Moonves

CBS’s independent board of directors said they would investigate allegations of personal misconduct by the media company’s chief executive, Leslie Moonves, in response to claims in an as-yet-unpublished New Yorker article.

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Trump Says He "Opened Up Europe" for Farmers. Europeans Disagree.

President Trump told an Iowa crowd this week that “we just opened up Europe for you farmers,” but officials in Brussels said he did no such thing.

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The Messy Business of Selling Meal Kits

Meal kits may make cooking easier, but getting a box of pre-portioned ingredients and instructions to a customer’s door is one of the most complicated logistics riddles in the food business.

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BP's Shale Deal Signals Big Ambitions

BP is acquiring some of the hottest assets in U.S. shale country, a signal that the once embattled company is revving up ambitions to regain its footing among the world’s oil giants.

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When the World Opened the Gates of China

Was it a mistake for the U.S. to allow China to join the World Trade Organization? Assessments of the 2001 deal often determine positions in today’s bitter trade debate.

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Tariff Fears Tug on U.S. Consumer Sentiment

Trade concerns slightly dimmed U.S. consumers’ outlook on the economy in July.

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WPP Veteran Mark Read Has Emerged as Leading Candidate to Succeed Martin Sorrell as CEO

WPP PLC executive Mark Read has emerged as the leading contender to take over as chief executive of the advertising giant, according to people familiar with the matter, following the departure of founder Martin Sorrell.

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Big Oil Profits Fall Short of Crude-Price Rally

The world’s largest oil companies continue to disappoint investors with underwhelming profits that have fallen far short of a rally in crude.

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Shareholders Approve Walt Disney Deal for 21st Century Fox Assets

Shareholders of Walt Disney and 21st Century Fox approved the $71 billion deal between the two companies, clearing another hurdle for a deal set to rattle the media and entertainment landscape.

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NXP Was a Popular Hedge-Fund Trade Before Deal Collapsed

Qualcomm’s potential deal to buy Dutch chip maker NXP Semiconductors attracted some of the hedge fund industry’s biggest names before it collapsed this week.

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Merck Cancer Drug Drives Second-Quarter Sales

Merck’s adjusted earnings for the second quarter beat analysts’ expectations as sales of its cancer drug Keytruda increased 89%.

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U.S. Economy Grew At 4.1% Rate in Second Quarter

The U.S. economy grew at the strongest pace in nearly four years during the second quarter, powered by a rebound in consumer spending, exports and firm business investment.

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Twitter User Numbers Slip as It Shuts Down Fake Accounts

Twitter said its number of monthly users dropped in the second quarter and could continue to fall as it purges fake accounts—illustrating the challenges social-media companies face in trying to clean up their platforms.

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Meet the Man Who Helped Craft a Brewer's Rise

During his 17 years at the helm of Boston Beer, now-former CEO Martin Roper saw the craft brewer quadruple its revenue and expand its drink portfolio beyond the flagship Sam Adams brand. Has the boom hurt the brewer’s craft cred? “We’re still pushing the boundaries of beer forward.” Mr. Roper says.

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You're a CEO---Stop Talking Like a Political Activist

Many corporate leaders who speak out on divisive social issues forget to make a business case for their views; the Ronald Reagan model.

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Why Do the Biggest Companies Keep Getting Bigger? It's How They Spend on Tech

The secret of success for Amazon, Google and Microsoft is how much they invest in their own technology.

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BP to Buy U.S. Shale Assets From BHP for $10 Billion

BP will buy the bulk of BHP Billiton’s U.S. onshore oil-and-gas unit for $10.5 billion, as the U.K. oil major rebuilds in the U.S. after the Deepwater Horizon disaster and BHP exits a costly and mistimed investment.

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China to Qualcomm: Don't Blame Us for Failed NXP Deal

Chinese regulators weighed in on Qualcomm’s busted acquisition of Dutch chip maker NXP—called off by Qualcomm over the stalled approval process in Beijing—with their own statement: Don’t blame us.

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Done Chasing Millennials, J.C. Penney Tries to Woo Moms

J.C. Penney is pivoting again, returning its focus to middle-age women as it tries to rebound from earlier missteps that drove away customers. But time is running short, analysts say.

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Facebook Under Pressure to Boost Profits

With Facebook’s relentless growth no longer a given on its main platform, the social-media titan now faces a question that was previously an afterthought: How to squeeze more money from its other apps and services?

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Starbucks U.S. Sales Bump Up After Price Hike

Starbucks Corp. said quarterly sales in its key U.S. market rose 1% as a result of its price hike in June and more sales of bagged coffee and food, although store traffic was down 2%.

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Chipotle Lifts Outlook as Revenue Rises

The restaurant chain raised its full-year sales outlook and said revenue rose 8% in the latest quarter, as the company benefited from new locations and higher menu prices.

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Two Senior Amgen Executives to Leave

Amgen says two senior executives are leaving the company while also reporting sales of many of its key drugs brought in more revenue in the quarter than expected.

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Papa John's Founder Takes Legal Action Against Pizza Chain

Papa John’s International Inc.’s founder John Schnatter is taking his first legal action against the pizza chain since relations with his board of directors began crumbling months ago.

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Trump Discusses GDP Figures Due Friday Morning

President Donald Trump on Thursday outlined his expectations for Friday’s economic growth report, breaking from a tradition of presidents refraining from commenting on the figure ahead of its release.

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Record Drop in Foreigners Buying U.S. Homes

Foreign purchases of U.S. homes fell a record 21%, posing a fresh challenge to the slumping housing market, which has shown few signs of turning around.

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Germany Vetoes Chinese Purchase of Leifeld Metal Spinning

The German government has decided to ban for the first time the sale of a German company, Leifeld Metal Spinning, to a Chinese suitor on security grounds.

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Fannie Mae Debt Sale Sets Milestone for Libor Rival

A new borrowing index taking aim at the scandal-ridden Libor passed a big test with a $6 billion deal from the mortgage-finance giant Thursday.

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Amazon Continues Profit Streak

Amazon continued its streak of profitability, easily topping $1 billion for the third straight quarter, as the company extends its dominance in online retailing and draws gains from its flourishing cloud-computing business.

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Intel Profit Surges on Growth in Data Center, PC Chip Businesses

A recovering personal-computer market and Intel’s growing data-center business helped the chip giant deliver strong results in the latest period, putting it on track to post a record year for profit and revenue.

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DOJ Probes TV Station Owners Over Advertising Sales

The Department of Justice is investigating whether television station owners violated antitrust law in ways that inflated local television advertising prices, according to people familiar with the matter.

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Higher Fuel Costs Hit Airlines

Many of the biggest U.S. airlines are cutting flights and raising fares to counteract rising fuel prices that are threatening a long run of profitability.

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Judge Clears Path for Lawsuits Challenging Census Citizenship Question

A Manhattan federal judge on Thursday allowed to move forward lawsuits seeking to block the Trump administration from asking about citizenship on the 2020 Census, clearing the way for a legal battle.

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Homeownership Keeps Climbing

The U.S. homeownership rate continues to climb, with more Americans benefiting from the sharp rise in home values in recent years.

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EU's White House Trade Talks Went From Uncertainty to Lowered Tensions

European Commission President Jean-Claude Juncker and U.S. President Donald Trump ushered in a potentially significant de-escalation of trade tensions.

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New Takeoff Rules Seek to Reduce U.S. Airline Delays

Aviation industry experts are finalizing rules allowing some airliners to take off in lower visibility than currently permitted in the U.S. The rules would only apply to airliners with specific computer-assisted or computer-generated vision systems.

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Fiat Chrysler Chief Was Seriously Ill for More Than a Year

Sergio Marchionne, who died earlier this week, had been seriously ill for more than a year and in that period received recurring treatment, according to the Zurich hospital where he died.

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Facebook Shares Tumble at Open

Facebook shares tumbled after the social-media company warned that its growth is slowing, igniting fears that its fortunes aren’t immune to the multiple controversies it has faced this year.

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'I Quit, I Quit!' Boardroom Turmoil Aggravates Univision's Problems

Clashing egos and feuds over the company’s future have engulfed the U.S.’s largest Spanish-language broadcasting outlet, complicating its response to strategic challenges, including the rise of cord cutting. Its new CEO has to both cut costs and restore morale.

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Land O'Lakes Names Next CEO

Dairy-foods maker Land O’Lakes Inc. appointed a veteran of PepsiCo Inc. and Scholastic Corp. to head one of the largest U.S. producers of butter and cheese at an uncertain time for agriculture.

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McDonald's Revenue Falls as Company Sells Restaurants to Franchisees

McDonald’s revenue fell as the fast-food giant sold company-owned stores to franchisees and operating income decreased as it restructured its operations.

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American Airlines Lowers Outlook on Rising Fuel Costs

American Airlines lowered its 2018 profit outlook, pressured by runaway fuel costs and flight delays in one of its subsidiaries.

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Hershey Hikes Prices as Costs Climb

The maker of chocolate Kisses and Reese’s peanut butter cups said Thursday it is raising prices 2.5% on average after rising costs cut into profitability.

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Europe Welcomes Trade Steps With U.S. but Many Questions Remain

European officials hailed a deal with the U.S. to avert a trade war despite a lack of details that could derail the vague accord and upend efforts to resolve outstanding issues.

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U.S. Durable Orders Rose 1.0% in June

Demand for long-lasting goods produced by U.S. factories rebounded in June after two consecutive monthly declines, a sign of momentum in the manufacturing sector.

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U.S. Jobless Claims Rise

The number of Americans claiming new unemployment benefits rose last week but remained near multidecade lows, offering evidence of the labor market’s strength.

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ECB Leaves Rates on Hold as It Affirms Bond Taper Plan

The European Central Bank confirmed plans to gradually phase out easy money but said it will probably keep rates steady through next summer, underscoring a growing policy divergence with the U.S. Federal Reserve.

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Spotify Reports Increase in Subscribers Amid Promotions

Spotify’s subscriptions surged 40% thanks to promotions during the most recent quarter, though the company tempered the high end of its guidance for the year as it posted a wider loss.

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The Conference Call That Shook Investor Faith in Facebook

Comments about revenue growth, monetizing Instagram Stories and the impact of new privacy laws during the earnings conference call hit Facebook’s shares.

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Comcast Earnings Rise on Broadband Growth

Comcast reported higher revenue and earnings for the second quarter, as growth in its broadband business helped mitigate the continued loss of cable-television subscribers.

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Qualcomm Deal Collapse Forces NXP to Forge a New Path

Qualcomm decision to abandon the takeover of NXP produced a cash windfall for the Dutch chip maker, but left it scrambling to spell out what its future may hold.

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Daimler Follows U.S. Rivals in Warning on Impact of Tariffs

German premium car maker Daimler followed its U.S. rivals in warning that earnings would be hit by U.S. tariffs on steel and aluminum, even as a possible easing of trade tensions helped lift shares.

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AmazonEarnings: What to Watch

Analysts are high on Amazon—so high, they’re largely expecting the company to surprise with an even better forecast for the year.

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Changing Channels: TV Station to Snap Up a 187-Year-Old Newspaper

Fairfax Media, the owner of Australia’s oldest newspaper, the Sydney Morning Herald, has agreed to be taken over by Nine Entertainment in a cash-and-stock deal valued at $1.61 billion.

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Bud Loses More Drinkers in the U.S.

Anheuser-Busch InBev reported higher profit helped by lower costs in the second quarter, but the world’s largest brewer continued to struggle in its quest to woo increasingly fickle American drinkers.

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Nestlé's Sales Rise, Providing Breathing Space for CEO

Nestlé posted a jump in profits and a rise in a key sales-growth metric, suggesting the company’s shift toward coffee and healthier food is starting to bear fruit.

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Airbus Posts Surge in Earnings, Lifting Shares

Airbus delivered bumper second-quarter earnings growth, boosting its stock, even as it trimmed its full-year outlook after taking control of a smaller jetliner program to expand its product lineup to battle Boeing.

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Shell Launches $25 Billion Share Buyback as Profit Soars

Royal Dutch Shell launched a hotly anticipated $25 billion share buyback program as the company’s earnings nearly tripled in the second quarter.

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HBO Won't Sacrifice Identity Under AT&T's Ownership

The cable channel’s head of programming says, “No one is asking us to sacrifice quality for volume” as HBO integrates with AT&T.

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Big Auto Makers Trim Forecasts

GM, Ford and Fiat Chrysler reduced their financial outlooks as steel and aluminum tariffs took a toll.

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Arconic Weighs Buyout Approaches From Apollo and Blackstone-Carlyle Pairing

Arconic Inc. is weighing takeover approaches from at least two private-equity groups, according to people familiar with the matter, in what would be one of the biggest recent leveraged buyouts.

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Mattel to Cut More Than 2,200 Jobs as Toy Maker Battles Losses

Mattel said it would cut more than 2,200 jobs, or nearly a quarter of its nonmanufacturing workforce, as the maker of Barbie dolls and other toys struggles with slumping sales and deep losses.

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Mondelez Sales Rise in U.S., Emerging Markets

Mondelez’s sales rose 2.1% to $6.1 billion in the second quarter, leading the snacking giant to raise its outlook for the year.

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Qualcomm to Abandon NXP Deal

Qualcomm said it plans to scrap its $44 billion purchase of Dutch chip maker NXP after failing to secure approval in China, making the deal one of the most prominent victims of spiraling U.S.-China trade tensions.

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Alzheimer's Drug Shows Benefit

Eisai and Biogen revealed new data showing their closely watched experimental drug slowed the worsening of Alzheimer’s disease, but some experts said more testing is needed.

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Gilead Sciences CEO Steps Down

Gilead Sciences Chief Executive John F. Milligan will step down after 28 years at the company effective at the end of the year.

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'We Need Bread and Butter'; Iranians Under Pressure in Flailing Economy

Iranian leaders are pushing to contain a deepening economic crisis that is slashing the buying power of Iranians and pressuring Tehran’s ruling elite even before the bite of

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Facebook Revenue Falls Short of Views

Facebook reported slower-than-expected revenue growth in the second quarter, indicating that the social-media website felt some effects from a series of controversies over the past several months.

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Mexico and Canada Are Committed to a Trilateral Nafta Deal

Mexican and Canadian officials reaffirmed their commitment to a trilateral North American Free Trade Agreement, explaining that bilateral meetings between the different members are part of the negotiating process.

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CQ Roll Call Is on the Block

The Economist Group is in advanced talks to sell Washington publication CQ Roll Call to startup FiscalNote.

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Facebook's China 'Innovation Hub' Hits Snag

The social-media giant’s listing for the $30 million subsidiary had been pulled from the country’s business-registration webpage.

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Grubhub Surges With Deal to Buy LevelUp

Grubhub shares rose 20% after it announced that it would buy mobile food-ordering company LevelUp and that strong order growth fueled sales and profit.

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Temple Online MBA Program Under Investigation Over Marketing

The Education Department is investigating whether Temple University used deceptive marketing practices to recruit students to its online M.B.A. program.

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GlaxoSmithKline Bets on Genetics Startup as Part of Research Overhaul

GlaxoSmithKline, under pressure to raise its game in research and development, said it would take a stake in a genetics startup and cut costs to spend more on developing new drugs.

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U.S. New-Home Sales Dropped in June

U.S. new-home sales fell in June, while inventories built up and home prices dropped, potentially signs of weakness in the housing market.

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Ahead of EU Meeting, Trump Rails at Domestic Critics

President Trump slammed critics of his trade policies on Wednesday, warning they are undermining his negotiating position while American farmers are being “ripped off.”

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Hearst Taps Digital-Savvy Executive to Run Its Magazines

Troy Young, a digital czar, is taking the reins at Hearst Magazines, publisher of such titles as Cosmopolitan, Esquire and Elle.

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Facebook Second-Quarter Earnings: What to Watch

Facebook is scheduled to announce second-quarter earnings after the market closes Wednesday. It has been a tumultuous quarter for the social-media giant. Here’s what you need to know.

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GM Posts Higher Profit, Lowers Outlook Amid Metals Costs

General Motors’ second-quarter net income rose amid strong results from its in-house finance arm and China, but the auto maker lowered its 2018 profit outlook in the wake of U.S. tariffs on steel and aluminum.

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Boeing Boosts Revenue Guidance, Maintains Delivery Outlook

Boeing boosted its revenue outlook for all of 2018 as the aerospace giant sees soaring global demand for airplanes despite growing trade friction.

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Coca-Cola Gets Lift From Trademark Drinks

Coca-Cola reported stronger-than-expected revenue in its latest quarter, boosted by rising volume from its trademark brands and sparkling soft drinks.

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Why Wi-Fi Isn't Free on Airlines

Gogo and other in-flight Wi-Fi providers, are trying try to find the right price to attract users and cover the steep installation and operating costs.

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IBM's Go-To Disrupter Runs Toward Faster Growth

Executive Bridget van Kralingen talks about the traits of successful leaders and building the tech giant’s blockchain startup.

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Chinese Deals Lose Luster for Officials Across the U.S.

Some states and cities in the U.S. are growing wary of Chinese investment after a deal boom that raised national-security concerns and failed to deliver promised jobs.

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UPS Sees Growth Driven by Higher Pricing, Ecommerce Demand

UPS reported higher revenues in its latest quarter on strong growth driven by higher base pricing and ecommerce demand in the U.S.

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Chef'd Is Sold to a Food Consultancy

Meal-kit maker Chef’d has found a buyer, a week after running out of cash and suspending operations.

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There's No Productivity Miracle Hiding in the Data

Why hasn’t the technology revolution lifted the U.S.’s miserable productivity growth rate? Popular as the stealth productivity boom is, it is a myth.

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European Commission President Set to Face Trump and His Tweets

When European Commission President Jean-Claude Juncker left for Washington to meet with President Trump, his mission was to try to dissuade the American president from escalating trade tensions between the U.S. and EU. Then Mr. Trump started tweeting.

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China Targets Economy, Not Trump, With Weaker Yuan

China is letting the yuan slide primarily to combat a slackening economy, as the government rolls out more pro-growth measures amid an intensifying trade feud with the U.S.

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Sergio Marchionne, Who Melded Fiat and Chrysler, Dies

Sergio Marchionne, who engineered a merger of the auto industry’s weakest companies—Fiat and Chrysler—and turned the combination into a cash-generating machine, died at the age of 66.

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Facebook's Top Lawyer to Leave Amid Turmoil

Facebook’s top lawyer, who led the company’s investigation into Russian election interference, is leaving the company at the end of the year.

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American Airlines Bows to Beijing on Taiwan

The U.S. carrier changed the way it describes Taiwan, bowing to Chinese pressure to start using language approved by Beijing when referring to the self-governing island.

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Trump Calls FCC's Move to Block Sinclair Deal 'Disgraceful'

President says broadcaster’s $3.9 billion acquisition of Tribune Media would have created ‘much needed conservative voice.’

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Lululemon Names Sephora Executive as New CEO

Lululemon Athletica Inc. has appointed Calvin McDonald to serve as its next chief executive officer, tapping a top Sephora executive to lead the athletic-wear maker.

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John Malone Retires From Charter Communications Board

Cable tycoon John Malone has retired from the board of Charter Communications Inc., the company said Tuesday.

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Kimberly-Clark Faces a Messy Situation

Rising costs and increasing competition are putting Kleenex maker Kimberly-Clark in a difficult position.

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House Votes to Repeal Tax on Medical Devices

The House voted to repeal a 2.3% excise tax on medical devices, again showing bipartisan support for eliminating the levy.

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AT&T Offsets Losses at DirecTV With Gains in Wireless, Warner

AT&T Inc. strengthened its second-quarter earnings with more profitable cellphone accounts and a windfall from Time Warner helping to offset steep losses in its satellite television business.

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Texas Instruments Forecasts Strong Third Quarter

Texas Instruments Inc. said it expects strong growth to continue in its industrial and automotive businesses, which the chip maker has singled out as two key growth areas.

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New Fiat Chrysler CEO Faces Questions Over Ram Truck Production

One of the first issues Mike Manley will likely have to address as Fiat Chrysler’s new chief executive is a lingering problem from his old job: a slow-moving redesign of the Ram 1500 truck.

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Ford Consolidates Self-Driving Operations

Ford is consolidating its self-driving vehicle operations into one new company named Ford Autonomous Vehicle, a move that follows plans by GM to invest further in driverless car technology.

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Many Manufacturers Take Tariffs in Stride

Many U.S. manufacturers are shrugging off concerns over tariffs and trade tensions as strong demand at home and abroad is yielding stronger-than-expected profit.

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Facebook Setting Up 'Innovation Hub' in China in Bid to Boost Presence

Facebook Inc. said Tuesday it would set up an innovation hub in China to groom and support the nation’s developers and startups, the latest in a series of steps aimed at expanding its presence in the world’s largest consumer market.

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Wealthy Shoppers Push Aside Trade Dispute Fears to Fuel LVMH

The world’s well-heeled shoppers sent first-half revenue at luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE to a record high, brushing aside worries of a trade dispute between the U.S. and China.

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Fox and Comcast on Collision Course over Big Ten Network

21st Century Fox and Comcast, which have been players in a contentious merger drama this summer, may have something new to fight about: the Big Ten Network.

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Ivanka Trump Closing Her Namesake Fashion Brand

President Trump’s daughter and adviser is closing the company more than a year after separating from it. She has grown frustrated by restrictions required to avoid conflicts of interest while serving in the White House.

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'Hamilton' May Be Headed to the Movies

“Hamilton” may be coming to movie theaters, exactly as audiences saw it on Broadway. Hollywood studios are currently bidding for the big-screen rights to Lin-Manuel Miranda’s hit musical about founding father Alexander Hamilton, according to people involved in sales talks.

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IRS Wins Court Case Over Intel

The IRS won a court case being closely watched by tech companies, as an appeals court upheld a regulation governing how corporations divide expenses between their domestic and foreign operations.

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Long Before His Racial Slur, Papa John's Founder Was at Odds With His Company

The pizza-chain board’s recent move to sever formal ties with John Schnatter was the culmination of a relationship that had been deteriorating for months over issues including marketing, sales and who exactly was running the show.

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China Opens Corruption Probe at Vaccine Maker, Detains Executives

China is investigating a pharmaceutical company that the government said sold more than 250,000 substandard vaccine doses. The company said police have detained the chairwoman and five other executives.

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When Airline CEOs Try the Cheap Seats

The leaders of Delta and American defend the tightest sections of their planes while sitting in them.

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U.S. Sets $12 Billion in Farm Aid to Ease Trade-Fight Impact

The Trump administration will announce plans to extend about $12 billion in aid to farmers to ease concerns over trade disputes, a person familiar with the matter says.

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U.S. Increasingly Large Driver of Global Trade Deficits, IMF Reports

The U.S. remained by far the largest driver of global current account imbalances in 2017, running the world’s largest deficit and adopting policies that are likely to increase its imbalances in coming years.

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Harley-Davidson Expects Motorcycle Tariffs to Cut Into Margins

Harley-Davidson lowered its profit guidance for the year, as tariffs compound a long sales slump for the motorcycle maker.

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Verizon Keeps Pace in Wireless Industry, Adding Subscribers

Verizon bolstered its base of wireless phone subscribers in the second quarter as industry-wide promotions died down and the company avoided the deal making that is reshaping its rivals.

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Eli Lilly to Offer Minority Stake in Animal-Health Business

Eli Lilly said it is taking public a minority ownership stake in its Elanco Animal Health business, allowing the company ‘even greater focus on the human pharmaceutical business.’

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Three Internet Bosses Lead List of Top-Paid Retail CEOs

The highest-paid chief executive in the retail industry didn’t run the biggest store chain, or the fastest-growing one, or a company most would recognize as a retailer. It was Stephen Kaufer, CEO of the online travel company TripAdvisor.

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United Technologies Raises Outlook as Profit Jumps

United Technologies reported that second-quarter profit rose 42%, and it raised its full-year outlook as sales grew in all its major divisions.

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ECB Sets Its Own Course as the Fed Pushes Rates Higher

The European Central Bank is expected to keep its key interest rate below zero for at least another year, underscoring a widening gap with the Federal Reserve which is moving steadily toward higher interest rates.

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EU Counts on Top Official to Try to Calm U.S. Trade Fight

The EU is cautiously betting on Jean-Claude Juncker, its unconventional top official, to persuade President Trump not to escalate the trans-Atlantic trade fight.

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Apple's China Ties Make It Vulnerable If Trade Fight Gets Worse

China has been integral to Apple’s remarkable success. But the iPhone is a Chinese export—one that could be subject to tariffs in an escalating trade dispute with the U.S.

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Lockheed Martin Boosts Guidance

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

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Samsung Agrees to Compensation Deal Over Worker Deaths, Illnesses

After a decadelong standoff over factory workers who died or became ill due to chemical exposure, Samsung moved to end the dispute, vowing to accept a yet-to-be-determined settlement from an independent mediator.

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Peugeot Achieves What Long Evaded GM: a Profit at Opel

Shares in Peugeot jumped after the French car maker showed signs it is succeeding where General Motors failed for years: turning a profit at Opel.

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Silicon Valley Courts a Wary Oil Patch

Tech companies are pitching their cloud and artificial intelligence expertise to oil and gas producers, but some worry such deals will foster new competitors in a more data-driven energy industry.

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New Hampshire Fights Supreme Court Sales-Tax Ruling

New Hampshire Gov. Chris Sununu expects to sign legislation this week to make it harder for other states to impose collection requirements on its retailers, a reaction to the Supreme Court ruling last month.

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Tariff Dispute Threatens China's Thirst for U.S. Oil

China bought a fifth of American crude-oil exports last year, leaving trade leaves U.S. oil producers vulnerable in the escalating trade fight between the world’s two biggest economies.

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Qualcomm's Toughest Call Yet

Whether Qualcomm walks away with—or from—its $44 billion offer for NXP Semiconductors, the company has a lot of work ahead.

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Christie's Sales Soar in Strong Art Market

Bolstered by a robust U.S. economy and newly wealthy overseas buyers, Christie’s sold $4 billion of art during the first half of 2018, a new six-month high mark for the London-based auction company.

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Whirlpool Hit by Charges, Rising Costs

Whirlpool trimmed its full-year profit outlook as it booked a large charge on its European operations and said it wouldn’t be able to offset the effect of steel tariffs with higher prices for consumers.

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You Could Be Too Much of a Team Player

Offices demand collaboration like never before. But if you don’t set some limits, you could start falling behind, hurting your company and hating your job.

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Hasbro Investors Breathe Easier

The toy maker’s shares rose 13% after the company reported better-than-expected quarterly results, easing concerns about any impact from the recent closure of retailer Toys “R” Us.

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Former eBay, HP Chief Whitman Invests in Esports Startup

Meg Whitman, the former chief executive of eBay Inc. and Hewlett Packard Enterprise Co., is jumping into esports with an investment in Immortals LLC. She also will join the board.

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Chinese Consumers to Get WebMD Content via WeChat

China’s Tencent has struck a deal to provide WebMD’s health-care content to the more than 1 billion users on its WeChat social network.

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Central Bank Chatter Rattles Bond Market

Government bond prices world-wide tumbled, roiled by reports that central banks could be on the verge of taking another step back from the easy-money policies that have characterized the postcrisis period.

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Google's Ad Business Offsets European Fine

Google parent Alphabet reported a 9.3% drop in second-quarter earnings, hurt by the record fine by European regulators, but shares jump on rising ad sales.

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Investor Discloses Large Barnes & Noble Stake, Pushes for Change

An investment fund led by Richard Schottenfeld has acquired 5.7% of bookseller Barnes & Noble Inc. and has met with the bookseller’s senior management to discuss how to improve the company’s performance.

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Economists Can't Write Economically, Driving Demand for Brevity

The average length of a published economics paper has more than tripled over the past four decades and now academics want less; ‘logorrhea of our current state of scholarship.’

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Sergio Marchionne's Exit Jolts Ferrari

Sergio Marchionne’s exit as the leader of Ferrari is likely to upend an Italian sports-car legend whose strategy he revolutionized—including a production ramp-up, an IPO and the planned launch of an SUV.

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Nike to Adjust Pay for Thousands of Staffers After Internal Review

Nike is raising salaries for more than 7,000 employees after an internal pay review and changing how it awards annual bonuses to its global staff, part of a broad overhaul of compensation at the sportswear giant.

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Top Fiat Chrysler Executive to Leave in Wake of CEO Change

Fiat Chrysler Automobiles said its European operations chief resigned, adding to the turmoil at the car maker after the sudden departure of its longtime chief executive.

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Qualcomm Faces Demise of NXP Deal as Trade Fight Rumbles On

Qualcomm is set to find out this week if its $44 billion deal to buy chip maker NXP Semiconductors will become one of the biggest casualties in the U.S.-China trade battle.

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LifePoint Health Agrees to Apollo Buyout

Apollo Global Management is buying LifePoint Health in a deal with an enterprise value of about $5.6 billion.

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Highflying Medical Firm, a Help to Wounded Veterans, Falls to Earth

MiMedx drove sales of its tissue grafts through means that included ‘channel stuffing,’ and it brooked little criticism, some former employees allege. The company is doing an internal investigation and preparing to restate financial results back to 2012.

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New York Daily News to Cut 50% of Editorial Staff

The New York Daily News announced that it would cut its editorial staff by half as part of a major restructuring to address “significant financial challenges” the Big Apple tabloid has faced for years.

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Barrick Gold President Departs to Lead AngloGold Ashanti

Barrick Gold announced that its president, Kelvin Dushnisky, is leaving the company to join AngloGold Ashanti as its chief executive officer.

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Speaker Maker Sonos Sets IPO Price Range

High-end speaker company Sonos laid out the terms for its initial public offering in a regulatory filing, expecting its shares to price between $17 to $19 each.

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U.S. Existing-Home Sales Tumbled Again in June

Sales of previously owned U.S. homes declined in June for the third-straight month, suggesting limited inventory and rising prices may be holding back home buying.

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China's Global Building Spree Runs Into Trouble in Pakistan

To fund a 70-nation infrastructure initiative, Beijing has been extending loans in opaque deals often contingent on using Chinese contractors. Three years into China’s program in Pakistan, that nation is heading for a debt crisis, caused in part by a surge in Chinese loans and imports.

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Lenders May Carp, but Bank of Japan Is Wary of Big Shifts

Though its low long-term interest rates leave lenders little opportunity for profit, Japan’s central bank is likely to stick to the contours of its current policy at its meeting next week, people familiar with its thinking say.

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Trade Fight Poses Big Risks for Smaller Countries

In a global trade conflict, the big players might not be the biggest losers. Instead it might be smaller, open countries caught in the middle.

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Companies See Glimmers of Opportunity in North Korea

North Korea, one of the world’s most difficult business environments, looks promising to a number of South Korean corporations and their advisers with an eye on the country’s labor market and vast mineral reserves.

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Alphabet's Earnings: Investors Watch for Hints on Android Antitrust Fine

Google parent Alphabet is expected to report earnings after the market closes. Investors will be looking for any discussion about its Android business after the EU antitrust fine and more details about data collection in light of privacy concerns.

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IKEA Lets Some Take DIY Off the Table

The Swedish retailer plans to open its first store in India next month—and has learned that many shoppers there would be unlikely to buy furniture they need to assemble. The chain plans to help them out.

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China's Latest Consumer Scandal: Unsafe Vaccines

Premier Li Keqiang called for an investigation into “the entire process chain of all vaccine production and sales,” after a drug company allegedly sold more than 250,000 doses that failed to meet safety standards.

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Theranos Settles Investor Suit as Funds Run Low

Theranos, running on financial fumes, settled a suit filed by investors who had alleged they were defrauded by the blood-testing firm.

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G-20 Makes Little Progress on Tariffs

The U.S. and EU both insist that their conditions for trade talks must be met as the meeting in Argentina wraps up.

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Tesla Asks Suppliers for Cash Back to Help Turn a Profit

Tesla has asked some suppliers to refund a portion of what the electric-car company has spent previously, an appeal that reflects the auto maker’s urgency to sustain operations during a critical production period.

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Papa John's Board Votes to Adopt 'Poison Pill' Against Founder

Papa John’s International’s board members voted to adopt a “poison pill” on Sunday to prevent its controversial founder from gaining a controlling interest in the pizza chain.

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Saudi Arabia to Spend Billions to Revive Foreign Investment

Saudi Arabia is ramping up efforts to lure international companies and revive Crown Prince Mohammed bin Salman’s plans for an economic makeover, after foreign investment fell to a 14-year-low in 2017.

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Truckers Looking to Haul in More Profits

Trucking companies are hoping to turn the most robust freight market in years into stronger long-term financial footing. But analysts caution that rising wages could offset strong second-quarter results.

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Mondelez Recalls Ritz Crackers on Salmonella Concern

Mondelez International is recalling some Ritz crackers after its supplier of whey powder recalled ingredients due to the potential presence of salmonella bacteria.

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Fiat Chrysler's New Chief Aims to Ride Momentum of Jeep Success

Mike Manley, who made his mark by expanding Jeep into a global marquee, needs to take his success with the brand and broaden it to Fiat’s entire lineup. He takes the top role as the auto maker is also spending heavily to catch up on new technologies, such as electric vehicles.

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Global Economy Week Ahead: U.S. GDP, Policy Statements From Turkey and the ECB

In the U.S., Realtors will release home-sales data and the Commerce Department will post second-quarter growth figures.

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Papa John's Board to Weigh 'Poison Pill'

Papa John’s board members are planning to discuss and possibly vote Sunday on whether to adopt a “poison pill” to prevent its controversial founder from gaining control of the pizza chain.

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China Targets Apple With Push Into Advanced Screens

China’s campaign to become a global power in advanced manufacturing is playing out at a high-tech factory in Sichuan province, where BOE Technology Group is aiming to supply display screens for Apple’s top-tier iPhones.

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With Acquisition, French IT Firm Targets Broader Access to U.S.

France’s Atos is nearing a multibillion deal to acquire Syntel, a U.S.-based information-technology company, a move that would give it access to some of the biggest U.S. financial-services companies.

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Meat Piles Up in U.S. Warehouses

Meat is piling up in U.S. cold-storage warehouses, fueled by a surge in supplies and trade disputes that are eroding demand.

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Now for Sale: The Empty Space Inside Retailers' Packages

Saks Fifth Avenue, Zulily and Barnes & Noble College are among several businesses that have joined a new marketplace allowing advertisers to buy and insert paper ads in customers’ boxes.

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WPP in Talks to Sell Minority Stake in Chinese Unit

WPP has held talks to sell a minority stake in its operations in China, as the world’s largest advertising company reviews its business after founder Martin Sorrell’s exit.

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Costs Are Crashing the Party for Manufacturers

Industrial firms are booking more orders and delivering higher profits. But costs are rising as well, threatening the outlook for the sector.

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The Blind Spot in Companies' Financial Reports

Some big U.S. multinationals are being partially audited by Chinese accounting firms U.S. regulators can’t check.

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Fiat Chrysler to Remove Ailing Marchionne as CEO

Fiat Chrysler Automobiles will appoint a new chief executive Saturday in an unexpected move to replace the ailing Sergio Marchionne, who has led the combined company for nearly a decade.

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In Hollywood, 'Anything Goes' Becomes 'You're Fired'

Hollywood’s longstanding say-anything, do-anything culture is rapidly turning into one where the wrong words can have career-killing consequences.

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U.S. and China Match Whiffs in Trade Battle

In the escalating trade fight between the U.S. and China, both sides are targeting plenty of products they don’t actually import from one another.

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Not Just Fur: Fashion Houses Scramble to Drop Animal Skins

Luxury brands that have long relied on fur and animal skins to drive sales are scrambling to impose animal-welfare standards on their supply chains.

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Mickey Mouse, Meet Homer and the 'Avatar' Crew

With its deal to acquire entertainment assets from 21st Century Fox, Disney is close to snaring popular properties including ‘The Simpsons’ and ‘Avatar.’ Here is a look at marquee Fox properties and what Disney might do with them.

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Detention Operators Face Suits Over $1-a-Day Work Programs for Migrants

Private prison companies are facing legal pressure over work programs at detention centers that pay migrants $1 a day. The companies say the workers are volunteers and the rate was set by Congress.

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Air Taxis and Self-Driving Aircraft: Aviation Industry Faces Its Future

The Farnborough International Airshow in England this past week highlighted technology of the near future, including autonomous aircraft and urban flying vehicles that don’t need an airport.

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America Is Running Out of Family Caregivers, Just When It Needs Them Most

Family members have long been the backbone of the nation’s long-term care system. But smaller, more far-flung families mean fewer of these unpaid helpers to attend to the rising population of elderly Americans. “Are you really my daughter?”

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Disney Fires 'Guardian of the Galaxy' Director Over Offensive Tweets

Walt Disney Co. Friday severed its relationship with James Gunn, who previously directed two “Guardians of the Galaxy” movies. He was expected to soon start work on a third.

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Skechers Shares Fall Amid Higher Costs

Shares at the footwear company fell 21% Friday following a disappointing second-quarter earnings report.

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Retailer Brookstone Seeks Bankruptcy Financing

Brookstone, the specialty retailer, is shopping for bankruptcy financing to fund its business while under chapter 11 protection.

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Global Oil Industry Prepares for a Revival

Oil producers are ordering more equipment and lining up drilling rigs for later this year, according to top industry executives, indications that international activity is picking up.

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Bayer to Stop Selling Essure in U.S.

Bayer AG will stop selling its Essure birth-control device in the U.S. after this year due to declining sales, the company said Friday.

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Congress Ends Bid to Undo Trump Deal to Save China's ZTE

Senate and House negotiators removed from a must-pass defense bill a legislative attempt to undo President Trump’s deal with Beijing to save Chinese telecommunications giant ZTE.

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Share of U.S. Employees Offered Health Care Through Work Rises

For the first time in six years, the portion of U.S. workers offered health insurance through their employer has risen, a sign a tighter labor market is prompting businesses to offer more generous benefits.

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China Woos U.A.E. with Trade, Balancing Concerns Over Iran Ties

Chinese president wrapped up three-day meeting in U.A.E with flurry of business agreements, bolstering economic ties with a key ally of Saudi Arabia, just as Beijing is emerging as a critical partner for an increasingly isolated Iran.

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Esterline Technologies Exploring Potential Sale

Aerospace-parts maker Esterline Technologies Corp. is exploring a potential sale, according to people familiar with the matter.

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Facebook Suspends Analytics Firm on Concerns About Sharing of Public User-Data

Facebook said it was suspending an analytics firm while it investigates whether that firm’s government contracts violate the social-media giant’s policies on how its public data is collected and shared.

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Japan Legalizes Casino Gambling

Japan legalized casino gambling and cleared the way for three casino resorts, giving companies such as Las Vegas Sands and MGM Resorts International their first chance to open in the country.

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State Street to Buy Charles River Systems for $2.6 Billion

State Street agreed to buy financial-data firm Charles River Systems for $2.6 billion, showing it is serious about its transformation from sleepy custodian to tech-savvy data manager.

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Trump's Emerging Economic Policy: Picking Winners and Losers

The president’s unorthodox approach to economic policy could harm some U.S. industries with tariffs, but it also includes concrete plans to maintain America’s technological edge.

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WhatsApp to Limit Message Forwarding After Rumor-Led Violence in India

Facebook’s WhatsApp messaging service is making it harder for users to forward content after the spread of rumors on the app led to mob violence and the killing of more than 20 people in India.

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Platform Specialty Products to Sell Agriculture Chemicals Unit for $4.2 Billion

Platform Specialty Products has agreed to sell its agricultural solutions business to UPL for $4.2 billion in cash.

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Trump's Fed Outburst: All Downside, No Upside

In a presidency that has seen almost every institution consumed by division and controversy, the Federal Reserve is a shining exception, but Donald Trump’s lengthy riff on interest rates risks tainting that.

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Sen. Orrin Hatch Urges President to Rethink Trade Policies

Senate Finance Committee Chairman Orrin Hatch is ratcheting up pressure on President Donald Trump to reconsider his tariff policies, warning that GOP senators may be ready to risk a legislative confrontation.

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GE's Profit Falls as Power Division Remains a Drag

General Electric’s second-quarter profit dropped 30% as the company’s power division continued to offset growth in other major units.

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Honeywell Increases Sales Guidance Despite Posting Lower Profit

Honeywell raised its financial guidance for the year as sales rose in its latest quarter, even as profit fell.

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China Shakes Up Telecom Leadership Ahead of 5G Rollout

China’s Communist Party is making leadership changes in the top ranks of the state-owned telecommunications giants ahead of the country’s widely anticipated rollout of next-generation wireless networks.

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L.A. Company Wins China Hyperloop Deal

A Southern California technology company has clinched a deal to build China’s first hyperloop, a ground-transport system that can potentially achieve supersonic speeds.

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Hedge Fund Titan Paulson Takes on Tiny Toronto Gold Miner

John Paulson made his name betting against the U.S. housing market and taking on American International Group Inc. Now his hedge fund is zeroing in on a small Toronto-based gold miner.

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Trump: Ready to Impose Tariffs on $500 Billion in Chinese Imports

President Donald Trump said he is ready to impose tariffs on $500 billion in imports from China, an amount roughly equivalent to China’s total exports to the U.S.

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Collectible Toy Values Are on the Rise---And It's Not Just Star Wars

As a kid, you could never get your grubby hands on all those toys. But now as the He-Man (or Woman) of the house, you have the power. How to begin? Matthew Kitchen playfully answers 10 burning questions about collectible playthings

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Paramount Fires President of TV Unit Over Remarks

The president of Viacom Inc.’s Paramount Television unit was fired Thursday for inappropriate remarks.

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Microsoft's Cloud Continues to Fuel Growth

Microsoft’s revenue from server products and cloud services grew 26% in the fiscal fourth quarter as both revenue and earnings beat expectations.

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Google Faces Uphill Battle in Appealing EU Android Fine

Google has a tough task appealing its $5 billion fine from the European Union, but the challenge isn’t insurmountable.

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Merck to Limit Drug-Price Increases, Cut Some Prices

Merck & Co. said Thursday it will cut U.S. list prices for several of its drugs including the hepatitis C treatment Zepatier, and the company pledged to limit future net price increases.

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Alcoa Shares Drop as Tariff Impacts Add Up

Alcoa said it would continue to import aluminum from Canada even as new tariffs make the metal more expensive.

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Congress to Enact Sweeping Changes to U.S. Foreign Investment Reviews

Congress is poised to enact the first major changes in a decade to the U.S.’s process for vetting foreign investment following a bruising battle among lawmakers and some of the country’s biggest companies.

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Following the Fed, Central Banks Are Ready to Raise Rates

A growing number of the world’s central banks are poised to join the U.S. Federal Reserve in lifting interest rates in coming months amid solid global growth, though those plans could be scrambled by rising trade tensions between the major economies.

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Trump Says He's 'Not Happy' About Fed Interest-Rate Increases

President Donald Trump said Thursday he hoped the Federal Reserve would stop raising interest rates, delivering an unusual censure of the central bank.

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U.S. Envoy to China Feels the Heat From Trade Fight

Ambassador Terry Branstad, raised on an Iowa farm, is caught in the middle of the trade fight between the U.S. and China, with his home state in Beijing’s crosshairs and his special relationships with Donald Trump and Xi Jinping put to the test.

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America's Factory Towns, Once Solidly Blue, Are Now a GOP Haven

In one generation, manufacturing districts have flipped from Democratic strongholds to Republican ones. The swing is remaking both parties on issues from trade to social policy—and could shape the midterm elections.

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They Sold Their Startup to P&G. It Struggled. They Quit.

Vermonters Paul and Barbi Schulick sold their vitamin business to Procter & Gamble Co. in 2012. The company went from making roughly $7 million a year to attaining “bleeder-and-weeper” status within P&G, the couple said.

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Philip Morris Cuts Sales, Earnings Targets

Philip Morris International Inc. lowered its forecast on earnings and sales as it has faced weaker-than-expected demand for IQOS, its smoke-free electronic-cigarette device in global markets.

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Wilbur Ross: 'Too Early to Say' Whether National Security Probe Will Bring Auto Tariffs

Commerce Secretary Wilbur Ross said it is “too early” to say whether the Trump administration will move ahead with proposed tariffs of up to 25% on imported vehicles and auto parts.

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Quarles Says Fed Should Consider Publishing Average Financing Rate

The Federal Reserve should consider launching an average financing rate alongside its replacement for the scandal-plagued London interbank offered rate, Fed Vice Chairman Randal Quarles said.

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White House to Nominate Steven Dillingham as Census Director

The White House said Wednesday it intends to nominate Steven Dillingham, a Peace Corps director, as head of the U.S. Census Bureau.

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Saudi Aramco in Talks to Buy Stake in Petrochemical Firm

Saudi Aramco said it’s in early talks to buy a stake in one of the world’s largest petrochemical companies, an acquisition that would boost the state-run oil giant’s downstream operations.

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Comcast Drops Bid for Fox Assets, Will Pursue Deal for Sky

Comcast Corp. said it was dropping its pursuit for most of 21st Century Fox, ending a bidding war with Walt Disney Co., but said it would continue its pursuit of European pay-TV giant Sky PLC.

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U.S. Jobless Claims Hit Lowest Level Since 1969

The number of Americans claiming new unemployment benefits fell last week to the lowest level in nearly five decades.

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SoftBank's Son Calls Japan Stupid for Not Allowing Ride Hailing

Tech investor Masayoshi Son called Japan’s ban on ride-hailing apps such as Uber “stupid,” heightening a clash with government leaders who say the apps are unsafe.

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On Amazon, Fake Products Plague Smaller Brands

Amazon has made it easy for small brands to sell their products to large numbers of customers, but that has also enabled some counterfeiters to cut into their business.

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Medical Testing Giant LabCorp Hit by Ransomware Attack

The medical-testing giant Laboratory Corp. of America is dealing with a broad cyberattack, people familiar with the matter said, the latest breach to disrupt companies that hold sensitive information.

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House GOP Push to Extend Tax Cuts Meets Resistance in Senate

House Republicans are busily preparing “Tax Reform 2.0,” an extension of tax cuts that are set to expire after 2025. So far, their Senate counterparts aren’t interested.

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Deficit Projected to Top $1 Trillion Starting Next Year

The Trump administration expects the annual budget deficits to rise nearly $100 billion more than previously forecast in each of the next three years, pushing the federal deficit above $1 trillion starting next year.

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Proposed 401(k) Laws: What You Need to Know

Participants in 401(k) plans are likely to see substantial changes if Congress passes a package of modifications to the U.S. retirement system.

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Microsoft Earnings: What to Watch

Microsoft is scheduled to report fiscal fourth-quarter earnings after the market closes Thursday. Here’s what to expect.

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Gymboree Has a New Look, and Moms Aren't Pleased

Children’s clothing retailer Gymboree weathered a bankruptcy filing. Now, it is facing an even tougher battle: persuading moms to like its new look.

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Finance Chiefs Say Too Much Data Is Making It Harder to Keep on Top of Risks

Corporate finance chiefs say forming a cohesive and complete assessment of a company from proliferating data streams in an increasingly digital workplace has emerged as a top challenge.

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Japan's Kobe Steel Indicted Over Quality Scandal

Kobe Steel faces a fine of up to $2.7 million after being indicted on charges of falsifying quality specifications on products shipped to hundreds of customers—including car makers, airplane makers and nuclear power plants.

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Trump to Sign Executive Order on Job Training

President Donald Trump plans to sign an executive order on Thursday aimed at spurring new investments for training current and future American workers to help them secure jobs domestically.

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The Many Ways Tariffs Affect Car Makers

Auto-industry representatives are expected to argue during a Commerce Department hearing that President Donald Trump’s proposed tariffs on auto imports would costs jobs and increase car prices.

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China Has 487 Electric-Car Makers, and Cities Are Clamoring for More

Partnerships between cities and electric-car startups are springing up all over China, spurred by Beijing’s call for the country to become a world power in electric-vehicle technology and by local governments eager to jump on the bandwagon.

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Shares in Ad Giants Fall as Publicis Sales Disappoint

Shares in some of the biggest ad companies tumbled after Publicis reported revenue below expectations, heightening investors’ concerns.

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Facebook to Take Down Posts That Could Lead to Violence

In response to attacks on individuals in Sri Lanka and Myanmar, the social-media platform will remove information if posts are flagged by local partners as potentially leading to violence.

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What Saudi Women Drivers Want: Muscle Cars

With the driving ban on women lifted, showrooms in the kingdom stocked cars they thought Saudi women would be drawn to, such as brightly colored mini-SUVs. Instead, they’re opting for models that are loud and fast.

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Price War Eats Into Unilever Profit

A fierce price war between consumer goods giants hit Unilever hard in the first half, with the Anglo-Dutch maker of Dove soap and Magnum ice creams reporting anemic sales growth and lower profit.

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American Express Lifts Its Revenue Forecast for the Year

AmEx said that given its financial performance for the first half of the year, it now expects revenue for the year to increase at least 9%.

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China Bike-Sharing Giant Ofo to Shut Most U.S. Operations

Less than a year after China’s Ofo Inc. entered the U.S. with big ambitions, the world’s largest bike-share company plans to shut down most of its U.S. operations, people familiar with the matter said.

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Why the Google Case May Be Too Late to Matter Much

The European Union’s $5 billion antitrust action against Alphabet Inc.’s Google, while historic, ultimately may not prove too onerous.

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Papa John's Founder Recently Held Merger Talks With Wendy's

Papa John’s founder and recently ousted Chairman John Schnatter has recently held talks to merge the pizza-delivery company with Wendy’s.

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IBM Rides New Businesses to Higher Revenue, Profit

IBM reported higher profit and sales for its latest quarter, with newer businesses like cloud computing contributing more than half of total revenue.

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UnitedHealth Is Among Suitors Circling Tenet's Conifer Business

UnitedHealth Group is among suitors exploring an acquisition of Tenet Healthcare’s health-care-management subsidiary, as the industry giant pursues further expansion.

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Justice Department Wants to Speed Appeal of AT&T-Time Warner Deal

The Justice Department on Wednesday sought to fast-track its appeal of the court decision allowing AT&T to buy Time Warner, while offering the first hints of its legal arguments for the next phase of proceedings.

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Airshow Buyers Seek Discretion Amid Trade Tensions

Some $35 billion in orders—or about 285 planes—have been snapped up by anonymous buyers this week at the aviation industry’s biggest trade fair of the year, as executives worry high-profile deals could exacerbate trade tensions.

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Trump Investigating Uranium Imports

The Commerce Department has opened an investigation into whether uranium imports threaten national security, a move that could pave the way for tariffs on foreign producers of the radioactive material.

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