Friday, August 31, 2018

Tech-Support Scams on Google Trigger Crackdown

Google is taking action to weed out scam artists who advertise on its platform aiming to defraud customers seeking technical support by masquerading as authorized service agents for companies such as Apple.

from WSJ.com: US Business https://ift.tt/2PVnVQd
via IFTTT

Elon Musk Faces His Own Worst Enemy

The visionary entrepreneur seeks to ferry mankind to Mars and investors to prosperity. His ego may be all that stands in the way.

from WSJ.com: US Business https://ift.tt/2C6pLem
via IFTTT

Ford Scraps Plan to Import China-Built Small Car Due to Tariffs

Ford has ditched plans to import its Focus compact from China to the U.S., citing an expected hit from import tariffs the Trump administration put into effect.

from WSJ.com: US Business https://ift.tt/2PVVFx4
via IFTTT

Alphabet's Chairman on Government, China and Fake News

John L. Hennessy talks about the future that Silicon Valley is creating, the rise of employee activism and how Google should address censorship.

from WSJ.com: US Business https://ift.tt/2Cho7XB
via IFTTT

Restaurants Will Feast on Trump's Tariffs, Just Not Yet

The response to President Trump’s tariffs on China, Mexico and other countries has hit American agriculture hard. Meanwhile, casual-dining chains have been pegged as beneficiaries.

from WSJ.com: US Business https://ift.tt/2PVlY6n
via IFTTT

Trump Says He Will 'Study' Federal-Worker Pay

President Trump said Friday he will spend the weekend studying a hold on federal pay increases for 2019 that he instituted a day earlier.

from WSJ.com: US Business https://ift.tt/2N4brqV
via IFTTT

To Counter China, U.S. Looks to Invest Billions More Overseas

The U.S. is finalizing plans to double funding for big infrastructure projects around the world, seeking to counter China’s growing influence.

from WSJ.com: US Business https://ift.tt/2LL9Hhw
via IFTTT

U.S. Consumer Sentiment Improves in Late August

U.S. household confidence rose in late August, and consumers are increasingly referencing job and income security when asked to explain why they are buying vehicles and homes.

from WSJ.com: US Business https://ift.tt/2N79JVJ
via IFTTT

U.S., Canada Rush to Hash Out Nafta Compromise

U.S. and Canadian officials remained apart on key points of contention in talks over a revised North American Free Trade Agreement as they gathered for a fourth straight day to meet a White House-imposed deadline.

from WSJ.com: US Business https://ift.tt/2LHrbeJ
via IFTTT

Atlanta's Growing Pains Are Getting Worse

The gentrification debate in Atlanta has been focused to a large extent on the BeltLine, Atlanta’s trail project that follows rail corridors in a 22-mile loop around the city.

from WSJ.com: US Business https://ift.tt/2wHYEk3
via IFTTT

Why Walmart Shoppers Are Finding More Items 'Out of Stock'

Walmart has begun telling online shoppers that some products in its warehouses are “out of stock” after the retailer changed its e-commerce systems to avoid orders deemed too expensive to ship.

from WSJ.com: US Business https://ift.tt/2wykhmM
via IFTTT

Japanese Chip Maker Renesas in Talks to Buy Integrated Device Technology

Renesas Electronics is in the late stages of negotiations to acquire California-based Integrated Device Technology for about $6 billion, seeking to strengthen its position as a major provider of autonomous-driving components.

from WSJ.com: US Business https://ift.tt/2opJdJl
via IFTTT

All Isn't as Bad as Your Wired Brain Tells You

Magnified and distorted by the internet’s algorithms, our primitive biases cause us to fear every possible threat is just outside our door.

from WSJ.com: US Business https://ift.tt/2PT9zA4
via IFTTT

Airlines Increase Fees

Big carriers are raising fees on luggage, ticket changes and other services to cover rising fuel costs without pushing up base fares.

from WSJ.com: US Business https://ift.tt/2oqwVAD
via IFTTT

California Advances Net-Neutrality Rules in Rebuke to Trump FCC

California moved to reinstate Obama-era open-internet rules, challenging Trump administration rollback efforts and setting the state on a path to have the strongest net-neutrality rules in the nation.

from WSJ.com: US Business https://ift.tt/2PozK0s
via IFTTT

Coming Soon to Facebook: Lots of Extreme Political Ads

Campaign strategists are gearing up to flood Facebook with inflammatory and polarizing ads heading into the midterm elections, saying its advertising platform rewards extreme messaging more than other venues.

from WSJ.com: US Business https://ift.tt/2NB9WOf
via IFTTT

Dunkin' Donuts Invests $100 Million in Brand Refresh

Dunkin’ Donuts is putting cash in the hands of its franchise owners to equip stores to better serve customers accustomed to ordering on mobile devices.

from WSJ.com: US Business https://ift.tt/2PU77ZQ
via IFTTT

Coca-Cola to Buy U.K. Coffee Chain Costa for $5.1 Billion

Coca-Cola said it would buy British coffee-shop chain Costa for $5.1 billion, diversifying further from its soft-drink roots and marking the latest bet by a major consumer goods company on coffee.

from WSJ.com: US Business https://ift.tt/2wrvWVe
via IFTTT

U.S. Hedge Fund Seeks Board Shake-Up at Toshiba

New York-based King Street has proposed new independent directors at Toshiba, the first indication of dissatisfaction among the foreign funds that bought into the Japanese industrial conglomerate last year.

from WSJ.com: US Business https://ift.tt/2Ny7hVi
via IFTTT

Thursday, August 30, 2018

Chinese Videogame Companies Shudder as Government Tightens Grip

The Chinese government is tightening its control over videogames, including restricting the number of online games and limiting play time for children, which sent shares of Tencent and NetEase tumbling.

from WSJ.com: US Business https://ift.tt/2NzqdmG
via IFTTT

Boeing Wins Big Navy Contract for Drones

Boeing’s Navy deal, potentially worth billions of dollars, could stem declining sales at the aerospace giant’s defense arm.

from WSJ.com: US Business https://ift.tt/2PSxtM8
via IFTTT

San Francisco Denies Scooter Permits for Bird, Lime, Uber and Lyft

The nation’s tech capital dealt a blow to the largest shared-scooter companies on Thursday, awarding two smaller startups exclusive rights to rent the electric-powered vehicles for a year in a decision that could change the course of the nascent market.

from WSJ.com: US Business https://ift.tt/2Nz2dAb
via IFTTT

The 'Trump Slump': With a Friend in the White House, Gun Sales Sag

Turbocharged by the threat of bans and restrictions, U.S. weapons sales accelerated during the Obama administration, especially for the AR-15 semiautomatic rifle. An industry that thrived on panic over gun control now aims for a new approach.

from WSJ.com: US Business https://ift.tt/2PSxq2U
via IFTTT

Dollar-Store Sales Rise, Though Shoppers Feel Pressure of Rising Costs

Dollar General and Dollar Tree reported stronger sales in the latest quarter, but executives from both chains said Thursday that their customers are feeling pressure from rising rents and other monthly expenses.

from WSJ.com: US Business https://ift.tt/2Nz23sz
via IFTTT

Maersk Tankers Turns to Wind Power to Cut Soaring Fuel Costs

Marine fuel prices are soaring and the shipping industry is looking for ways to harness ocean winds to power oceangoing vessels. Danish shipping company Maersk Tankers said it has installed devices that are effectively high-tech sails that could cut the vessel’s fuel bill by up to 10%.

from WSJ.com: US Business https://ift.tt/2PTdE74
via IFTTT

Signet Surges After Surprise Sales Growth

Shares of Signet Jewelers Ltd. surged 25% on Thursday after the world’s largest retailer of diamond jewelry reported positive same-store sales growth for the first time in a year.

from WSJ.com: US Business https://ift.tt/2C2f2l1
via IFTTT

U.S.-Canada Trade Talks Take On 'Intense Rhythm'

Marathon trade talks between the U.S. and Canada moved into what Canada’s chief negotiator called “an intense rhythm,” as the two sides rushed to try to strike a deal by the Friday deadline set by the Trump administration.

from WSJ.com: US Business https://ift.tt/2PSMa1C
via IFTTT

Trump's Nafta Rewrite Holds Promise for Labor Unions

Labor unions, a traditional adversary of the Republican Party, could be a winner in President Trump’s planned rewrite of the North American Free Trade Agreement.

from WSJ.com: US Business https://ift.tt/2N1Ew6C
via IFTTT

Trump to Freeze Pay Raises for Civilian Federal Employees

President Trump said he will invoke his emergency authority to cancel pay increases for civilian federal workers next year, citing strained federal budgets.

from WSJ.com: US Business https://ift.tt/2omGLmX
via IFTTT

U.S. Consumer Spending Rose 0.4% in July

Americans spent all of their income gains and then some in July, suggesting the economy sustained momentum going into the second half of the year.

from WSJ.com: US Business https://ift.tt/2NzlpO8
via IFTTT

Argentina's Central Bank Lifts Policy Rate to 60%

The Central Bank of Argentina sharply raised interest rates at an unscheduled meeting Thursday in an effort to shore up the peso which fell to new lows after the government asked the IMF to speed up loans under its bailout package.

from WSJ.com: US Business https://ift.tt/2wtqS2C
via IFTTT

EU Trade Official Proposes Ending All Car Tariffs With U.S.

The European Union’s top trade official proposed going beyond a U.S.-EU trade plan agreed at the White House last month and eliminating all car tariffs.

from WSJ.com: US Business https://ift.tt/2Pl68Ro
via IFTTT

Microsoft to Require Its Suppliers, Contractors to Give Paid Family Leave

Microsoft will soon require its suppliers and contractors to provide at least 12 weeks of paid time off to new parents.

from WSJ.com: US Business https://ift.tt/2C00pio
via IFTTT

Electronic Arts Delays 'Battlefield V' Release

Electronic Arts has delayed the release of its ‘Battlefield V’ game by one month to make some final adjustments after receiving feedback from the gaming community.

from WSJ.com: US Business https://ift.tt/2N4kEiX
via IFTTT

Bidding War Brewing Over Brookstone Brand

Brookstone’s brand is at the center of a brewing bidding war between two brand-licensing firms.

from WSJ.com: US Business https://ift.tt/2N4kBDN
via IFTTT

Stryker Agrees to Buy Spinal-Device Maker K2M

Stryker agreed to acquire medical-device company K2M Group in a deal valued at about $1.2 billion.

from WSJ.com: US Business https://ift.tt/2LGJ79i
via IFTTT

Core Inflation Hits Fed's 2% Target as Spending Heats Up

A key measure of underlying inflation accelerated last month to the fastest annual clip since 2012, as robust spending by consumers and businesses pushed up prices across the economy.

from WSJ.com: US Business https://ift.tt/2C1OaBN
via IFTTT

VW Earnings to Be Hit by Delays in Meeting New Emissions Rules

Volkswagen warned earnings could be hit by up to $1.17 billion because of delays in certifying new vehicles to meet stricter European emissions testing rules.

from WSJ.com: US Business https://ift.tt/2NveNjW
via IFTTT

New Samsonite CEO's Lessons From the Short-Selling Crisis

Kyle Gendreau, an executive at Samsonite, was in New York winding down after a conference in May when he received an urgent call from a colleague in Hong Kong. A short seller in Texas had just released a 48-page report.

from WSJ.com: US Business https://ift.tt/2wtxcai
via IFTTT

Japan Scrutinizes Huawei, ZTE Over Spying Fears

Japan is studying restrictions on Chinese telecommunications-equipment companies Huawei Technologies and ZTE as U.S. fears of cyberspying by Beijing prod allies to follow suit.

from WSJ.com: US Business https://ift.tt/2NwUNNN
via IFTTT

U.S.-Mexico Trade Pact Faces Scrutiny From Lawmakers at Home

The U.S.-Mexico trade deal announced by the two countries’ leaders this week now faces scrutiny from their respective legislators, who ultimately must ratify the agreement.

from WSJ.com: US Business https://ift.tt/2wt33Ih
via IFTTT

SoftBank Pulls Plug on Plans to Invest in Chinese Tesla Rival

Japan’s SoftBank, which was in talks earlier this year to take a stake in Chinese electric-vehicle maker NIO, has decided not to invest in the Shanghai-based startup’s initial public offering.

from WSJ.com: US Business https://ift.tt/2NxAy2x
via IFTTT

Campbell Soup Plans to Sell International Business and Fresh Unit

Campbell Soup plans to sell its international operations and refrigerated-foods business, abandoning efforts to become a more fresh food-oriented company and leaving the door open to a full sale.

from WSJ.com: US Business https://ift.tt/2oneIDK
via IFTTT

Starbucks' Frappuccino Gets a Sugar Makeover

Starbucks is putting its decadent Frappuccino on a diet, looking to reduce the popular drink’s high sugar levels.

from WSJ.com: US Business https://ift.tt/2PUXz10
via IFTTT

Vodafone Hutchison Australia and TPG Telecom to Merge

Telecommunications company TPG Telecom will merge with rival Vodafone Hutchison Australia in an effort to challenge the country’s two large operators.

from WSJ.com: US Business https://ift.tt/2C1TIw0
via IFTTT

Wednesday, August 29, 2018

Papa John's Independent Board Members Dispute Founder's Claims

Board members at Papa John’s International are stepping up their fight against founder John Schnatter.

from WSJ.com: US Business https://ift.tt/2Pe55mi
via IFTTT

Colorado Voters to Weigh Sharp Limits on Drilling

Colorado voters in November will consider banning oil and gas drilling within 2,500 feet of homes, businesses and many green spaces, a move that would effectively prohibit it in most of the state.

from WSJ.com: US Business https://ift.tt/2N0EUSx
via IFTTT

Salesforce Revenue, Backlog Rise as New Leadership Structure Takes Shape

Salesforce.com Inc. reported broad-based sales growth and grew its backlog of business during its latest quarter, as the business-software company digests its largest-ever acquisition and begins work under a new leadership structure.

from WSJ.com: US Business https://ift.tt/2wpNeBO
via IFTTT

California Moves to Mandate Female Board Directors

California legislators passed a bill that requires major companies based in the state to put female directors on their boards.

from WSJ.com: US Business https://ift.tt/2ws51IF
via IFTTT

Sales Soar 27% at American Eagle's Aerie, Still Short of Investors' Hopes

American Eagle Outfitters reported softer-than-expected sales growth in its highflying “every girl” brand, pushing the apparel and accessories retailer’s stock price down 8%.

from WSJ.com: US Business https://ift.tt/2Nu3Kat
via IFTTT

Jack Daniel's Maker Feels Sting of Higher Tariffs

Brown-Forman lowered its profit outlook because of the uncertainty and added costs created by recently enacted EU tariffs on U.S. whiskey.

from WSJ.com: US Business https://ift.tt/2N2kJ6X
via IFTTT

Dick's Says Under Armour, New Gun-Sales Policy Dragged on Results

Dick’s Sporting Goods said weaker sales of Under Armour apparel and a decision to pull back from the hunting business dragged on the retailer’s latest quarterly results.

from WSJ.com: US Business https://ift.tt/2LCuT9F
via IFTTT

Canada Voices Optimism on Nafta Deal

As U.S.-Canada trade talks kick off in earnest, Foreign Minister Chrystia Freeland reveals that the two nations already reached an accord on autos.

from WSJ.com: US Business https://ift.tt/2LyETAI
via IFTTT

U.S. Corporate Profits Soared in Second Quarter

The Commerce Department measured a 16.1% year-over-year gain, the largest in six years. Profits were bolstered by large tax cuts and strong economic growth.

from WSJ.com: US Business https://ift.tt/2wxBUUD
via IFTTT

Mexico Cites 'Insurance' Against U.S. National-Security Tariffs

Mexico and the U.S. have negotiated a side letter to the revamped North American Free Trade Agreement that would soften the blow of possible U.S. national-security tariffs the Trump administration is considering for auto imports, Mexican Economy Minister Ildefonso Guajardo said.

from WSJ.com: US Business https://ift.tt/2NxFHYb
via IFTTT

International Trade Commission Blocks Proposed Newsprint Tariffs

The independent panel ruled that paper imports from Canada don’t injure U.S. producers, a victory for newspaper publishers that saw newsprint prices jump as much as 30% in the wake of the Commerce Department plan to impose the levies.

from WSJ.com: US Business https://ift.tt/2wr1zy6
via IFTTT

China's Didi Vows to Step Up Security After Second Passenger Killing

Public safety has taken a back seat amid ride-hailing company Didi’s rapid expansion, founder Cheng Wei said in an apology following the killing of a female passenger.

from WSJ.com: US Business https://ift.tt/2MDHsHa
via IFTTT

U.S. GDP Growth Revised Up in Second Quarter

Economic growth was stronger during the second quarter than earlier estimated, although growth in a key measure of U.S. corporate profits moderated from the first quarter.

from WSJ.com: US Business https://ift.tt/2wnUNt1
via IFTTT

Ruling in Johnny Depp Suit Threatens Hollywood Lawyers' Handshake Culture

A California judge’s ruling in a case pitting Johnny Depp against his longtime lawyer is prompting a reassessment of the handshake-deal culture that is still pervasive in some corners of Hollywood.

from WSJ.com: US Business https://ift.tt/2wqjEMK
via IFTTT

Naked and a Little Afraid: Testing the Body-Scanning Mirror

Naked Labs’ body scanner does a great job creating a 3-D model of your naked body, but just how far are we willing to let technology go? This product plots a 360-degree model of my body and calculates various body measurements.

from WSJ.com: US Business https://ift.tt/2NuiC8W
via IFTTT

GM's Electric Dream in China Suddenly Looks Underpowered

General Motors’ plans to ramp up electric-vehicle production in China were set back after the auto maker determined the Chinese-made batteries it intended to use failed to meet its own performance and safety standards during testing.

from WSJ.com: US Business https://ift.tt/2BXNLjK
via IFTTT

Clear Beer? Don't Judge a Drink by Its Color

Japanese beverage makers are increasingly producing products that look like water but taste like other drinks, betting that consumers want the taste of Coke or beer in a healthier-looking clear liquid. Flavored, bottled water sales have more than doubled in both the U.S. and Japan in the past five years.

from WSJ.com: US Business https://ift.tt/2wqcnwq
via IFTTT

U.S. Workers Report Highest Job Satisfaction Since 2005

Worker contentment is at the highest level since 2005, according to a new report from The Conference Board, a business-research group.

from WSJ.com: US Business https://ift.tt/2NwYB1l
via IFTTT

Middle-Class Kingdom: Made in Japan Is Now Big in China

Manufacturers in industries that had long been fleeing Japan say the country looks attractive again thanks to demand from consumers in China and other Asian markets, a sign of how the rise of the middle class is reshaping the region.

from WSJ.com: US Business https://ift.tt/2PMsVXq
via IFTTT

Salesforce.com Earnings: What to Watch

Since Salesforce relies on subscriptions to its web-based, on-demand software used by business customers, investors look closely at billings to get insight into future results.

from WSJ.com: US Business https://ift.tt/2NwYxi7
via IFTTT

In America's Hottest Drilling Spot, Vast Volumes of Gas Go Up in Smoke

Roughly $1 million worth of natural gas extracted in the Permian Basin goes to waste each day, as shale drillers end up having to burn a byproduct that they don't have enough pipeline or storage capacity to take to market.

from WSJ.com: US Business https://ift.tt/2NrOF9v
via IFTTT

Biotech Analysts Set for Payday

Higher paydays come as the drug-development industry raises capital at a rapid clip and undergoes a surge in mergers.

from WSJ.com: US Business https://ift.tt/2wpoiL0
via IFTTT

Aston Martin Revs Up IPO Plans

Aston Martin launched plans for a stock-market listing that could value the maker of the famed sports car driven by James Bond at around $6 billion.

from WSJ.com: US Business https://ift.tt/2NwAP5E
via IFTTT

Trade Deal Threatens Mexico's Role as Car Hub

The Trump administration’s new trade deal with Mexico is likely to force some auto makers to rethink their strategy for many Mexican-built models, threatening the country’s role as a go-to producer of lower-priced cars for the U.S. market.

from WSJ.com: US Business https://ift.tt/2wqfjsK
via IFTTT

A Chinese Tesla Rival Launches $1.3 Billion U.S. IPO

Chinese electric-vehicle maker NIO launched a U.S. stock sale that could raise up to $1.32 billion, moving to tap the public markets before generating any substantial revenue.

from WSJ.com: US Business https://ift.tt/2PbV0Gz
via IFTTT

HP Enterprise Names New Finance Chief

Hewlett Packard Enterprise named Tarek Robbiati, the former chief financial officer of Sprint, as its new finance chief.

from WSJ.com: US Business https://ift.tt/2N1Nq3K
via IFTTT

Tuesday, August 28, 2018

J.Crew Snaps 15-Quarter Sales Slump

J.Crew Group’s flagship brand ended a four-year slump, posting a slight gain in quarterly sales at its existing stores and websites that CEO James Brett called a “watershed moment.”

from WSJ.com: US Business https://ift.tt/2BYdqJe
via IFTTT

Few Rivals Speak Out Against Sprint, T-Mobile Merger

If America’s tech and telecom giants have an opinion about the planned T-Mobile and Sprint merger, most are keeping it to themselves. Dish is one of the few large companies to take a stand.

from WSJ.com: US Business https://ift.tt/2PL3tS8
via IFTTT

Transcript: WSJ Interview With Dallas Fed President Robert Kaplan

Dallas Fed President Robert Kaplan discussed his outlook on trade disputes, political pressure and the prospect of additional interest-rate increases this year in Jackson Hole.

from WSJ.com: US Business https://ift.tt/2wuCl12
via IFTTT

Former Barnes & Noble CEO Sues Company Over Firing

In a lawsuit former chief executive Demos Parneros accuses the bookseller of fabricating reasons to fire him about a month after a deal to sell the company fell apart.

from WSJ.com: US Business https://ift.tt/2PGokWR
via IFTTT

Tailored Brands CEO Doug Ewert Intends to Retire

The chief executive plans to retire from the men’s clothing retailer on Sept. 30. He became CEO in 2011.

from WSJ.com: US Business https://ift.tt/2BVpwmd
via IFTTT

Senate Confirms Clarida as Fed Vice Chairman

The Senate voted Tuesday to confirm Columbia University economist Richard Clarida to become Federal Reserve vice chairman, filling a top leadership position ahead of the central bank’s September policy meeting.

from WSJ.com: US Business https://ift.tt/2PN69ie
via IFTTT

Trump Administration Launches Effort to Help Employers Comply With Labor Laws

The U.S. Labor Department said it is creating an office to better help companies comply with regulations before finding they have run afoul of labor laws, which policy watchers called a change in tone from an Obama-era emphasis on enforcement.

from WSJ.com: US Business https://ift.tt/2N2SvZW
via IFTTT

Yum China Rejects Private Buyout Offer at $46 a Share

Yum China has rejected a private buyout offer from a consortium of investors that valued the restaurant operator at more than $17 billion.

from WSJ.com: US Business https://ift.tt/2MX2vU9
via IFTTT

BuzzFeed Launches Product-Review Site

BuzzFeed plans to launch a product-review site akin to the New York Times-owned ‘Wirecutter,’ in a bid to generate more revenue from commerce.

from WSJ.com: US Business https://ift.tt/2LBhqih
via IFTTT

Aston Martin Expected to Sell Shares

The maker of the famed sports car favored by secret agent 007 is expected to announce as early as Wednesday plans for a stock-market listing that would value the company at more than $6 billion.

from WSJ.com: US Business https://ift.tt/2PeBclX
via IFTTT

Mobile Money Heats Up in India as Google Doubles Down

Alphabet Inc.’s Google is raising its mobile-payments game in India with new functions and services as global players race to woo the nation’s legions of consumers who are skipping credit cards and transacting on smartphones instead.

from WSJ.com: US Business https://ift.tt/2BWaoFg
via IFTTT

Mnuchin Hopeful Trade Deal With Canada Will Get Done

Treasury Secretary Steven Mnuchin said he is hopeful the U.S. will reach a new trade agreement with Canada but said the administration is prepared to move ahead with a bilateral deal with Mexico to rewrite portions of Nafta.

from WSJ.com: US Business https://ift.tt/2LA485x
via IFTTT

U.S. Trade Deficit in Goods Widened to $72.2 Billion in July

A preliminary report showed the deficit widened last month to $72.2 billion from $67.9 billion in June. The gap had narrowed slightly from February to May but now appears to have widened two months in a row.

from WSJ.com: US Business https://ift.tt/2MYEr3t
via IFTTT

U.S. Home Price Gains Decelerate

Home price gains slowed in June, indicating that rising mortgage rates and growing affordability challenges are finally beginning to slow price gains.

from WSJ.com: US Business https://ift.tt/2PbkP9G
via IFTTT

Yahoo, Bucking Industry, Scans Emails for Data to Sell Advertisers

The Web giant owned by Verizon analyzes more than 200 million inboxes for clues about what products people might buy—a practice much of Silicon Valley has declared off-limits.

from WSJ.com: US Business https://ift.tt/2PM6TUy
via IFTTT

Quartz Launches Paid Cryptocurrency Newsletter

Quartz is the latest media company attempting to cash in on the growing enthusiasm for cryptocurrency, and is launching a paid newsletter that aims to guide its subscribers through the often turbulent markets for virtual currencies.

from WSJ.com: US Business https://ift.tt/2LxKF5J
via IFTTT

U.S. Consumer Confidence Surged in August

A measure of economic confidence among American households rose in August to its highest level since October 2000.

from WSJ.com: US Business https://ift.tt/2Lzbw15
via IFTTT

Trump Accuses Google of Suppressing Positive News About His Presidency

The president on Tuesday morning accused the search engine of elevating critical stories about him, saying that it is a “very serious situation” that will be addressed.

from WSJ.com: US Business https://ift.tt/2BTW6Vx
via IFTTT

Tiffany Sells More Blue Boxes as Affluent Buyers Splurge

Tiffany & Co. reported soaring profit and sales in its latest quarter, underscoring the willingness of well-heeled shoppers to flex their spending muscle with luxury brands.

from WSJ.com: US Business https://ift.tt/2NnWmNL
via IFTTT

Best Buy Raises Outlook as Earnings Beat Estimates

Best Buy’s same-store sales and revenue rose in the latest quarter, prompting the electronics retailer to raise its full-year sales and earnings guidance.

from WSJ.com: US Business https://ift.tt/2LyAyxp
via IFTTT

Highflying Chip Stocks Have Their Mojo Back

A scorching run by two of the best-performing stocks in recent years is turning heads.

from WSJ.com: US Business https://ift.tt/2Mxm5Hr
via IFTTT

Dull Skin? Restless Sleep? There's a Drink for That

Money is pouring into developing beverages that claim to do much more than quench thirst. Conglomerates and startups alike are placing bets on “enhanced” drinks that promise everything from better sleep to a more youthful complexion.

from WSJ.com: US Business https://ift.tt/2okdUPX
via IFTTT

Liquid Diet: My Day of Drinks

I spent a day testing the latest in beverage technology. I subsisted primarily on drinks that claimed they would wake me up, improve my focus and help me sleep at night.

from WSJ.com: US Business https://ift.tt/2Notmpj
via IFTTT

In Tight Labor Market, Inmates Learn to Code

Former inmates are typically among the last groups on the sidelines of the jobs market. In Indiana, a pilot program teaches women in prison how to write computer code, aiming to help them find work and stay out of prison once they are released.

from WSJ.com: US Business https://ift.tt/2PIrAkl
via IFTTT

Saudi Aramco, a Wellspring of Oil, Wants to Become a Fount of Ideas

Saudi Arabia’s state oil company Aramco is working to turn itself into an innovation powerhouse while its much-delayed plans for an IPO remain on hold.

from WSJ.com: US Business https://ift.tt/2BUZhMP
via IFTTT

Trump Organization CFO's Immunity Deal Shows Value of Finance Chief

Prosecutors granting Allen Weisselberg immunity after he testified before a grand jury in the investigation on President Trump’s former lawyer, underscores the critical role accountants and CFOs play in criminal prosecutions.

from WSJ.com: US Business https://ift.tt/2og3e52
via IFTTT

No Longer on the Ropes, WWE Has More Upside

World Wrestling Entertainment shares have surged over optimism about a new content deal. Spectacular reversals have happened before, but the shares aren’t particularly expensive on future earnings.

from WSJ.com: US Business https://ift.tt/2BW4lk4
via IFTTT

Global Car Sales Hit Speed Bump

After nearly a decade of growth, new-vehicle sales in the world’s largest auto markets are entering their first sustained slowdown since the global financial crisis as uncertainty around the U.S.’s trade policies looms.

from WSJ.com: US Business https://ift.tt/2MUtlMR
via IFTTT

U.S. Companies Begin to Chip Away at Mountain of Debt

U.S. companies have been scaling back borrowing while posting improved earnings, marking some tentative signs of progress amid concerns about their elevated debt levels.

from WSJ.com: US Business https://ift.tt/2NqjCuP
via IFTTT

Monday, August 27, 2018

Kudlow Says Auto Tariffs on Canada Possible If No Trade Deal Reached

The U.S. could use tariffs on automobiles from Canada if the two countries don’t reach a new trade agreement, National Economic Council Director Lawrence Kudlow said, echoing President Trump’s earlier remarks.

from WSJ.com: US Business https://ift.tt/2LwEbnB
via IFTTT

Mexico Pact Eases Car Makers' Concerns

President Trump’s new free trade pact with Mexico helps provide some clarity for auto makers and parts suppliers bracing for the worst.

from WSJ.com: US Business https://ift.tt/2whTVGg
via IFTTT

FAO Schwarz Is Returning to New York

A dominant presence in Midtown Manhattan for decades before its closure in 2015, the toy store is coming to life again with a new, 20,000-square-foot Rockefeller Center location.

from WSJ.com: US Business https://ift.tt/2oiTLK5
via IFTTT

Pai Showed Sinclair No Favoritism, FCC Watchdog Finds

Federal Communications Commission regulators displayed no favoritism toward Sinclair Broadcasting Group Inc. while retooling media-ownership rules, according to a new report from the agency’s inspector general.

from WSJ.com: US Business https://ift.tt/2MDH5fP
via IFTTT

Tesla's Challenges Are Back in Spotlight

Now that Elon Musk has squashed efforts to take Tesla private, the spotlight will turn back to its operational challenges, namely whether it can maintain its grueling Model 3 production pace and generate cash to stave off fundraising.

from WSJ.com: US Business https://ift.tt/2PN8MRc
via IFTTT

Netflix Hires Facebook Exec To Lead Communications Efforts

Netflix Inc. has named a new communications chief, announcing the hire about two months after the previous executive was fired for using a racial slur in conversations at work.

from WSJ.com: US Business https://ift.tt/2LBiB1m
via IFTTT

Toyota Investing $500 Million in Uber in Driverless-Car Pact

Toyota is set to invest about $500 million in Uber as part of an agreement by the two companies to work jointly on driverless-vehicle development.

from WSJ.com: US Business https://ift.tt/2Pegxyv
via IFTTT

BuzzFeed News Asks Readers to Chip In With Donations

Digital-media company allows readers to donate between $5 and $100 to help pay for cost of newsroom; could be prelude to membership model

from WSJ.com: US Business https://ift.tt/2PFOwAR
via IFTTT

Craft-Beer Company Taps Streaming Service for Growth

Scottish beer company BrewDog is offering a streaming service featuring more than 100 hours of video centered on drinking culture, the latest effort by a brand to launch its own media venture.

from WSJ.com: US Business https://ift.tt/2of9ASl
via IFTTT

Shooting at Videogame Event Puts Focus on Security

The heads of professional videogame teams said they would evaluate security procedures after a mass shooting at a competition in Jacksonville, Fla., on Sunday.

from WSJ.com: US Business https://ift.tt/2wsLaII
via IFTTT

Report on VW's Changes Since Scandal Cites Lack of Transparency

Nearly three years since U.S. authorities charged Volkswagen for cheating on emissions tests, VW is only starting to implement changes needed to prevent another scandal, according to a report.

from WSJ.com: US Business https://ift.tt/2PFOBEF
via IFTTT

Weyerhaeuser Announces Retirement of CEO Doyle Simons

Weyerhaeuser said Chief Executive Doyle Simons intends to retire and that its board has chosen Devin Stockfish, now senior vice president of timberlands, to take over in 2019.

from WSJ.com: US Business https://ift.tt/2wqUs7W
via IFTTT

U.S. to Pay Farmers Up to $4.7 Billion to Offset Trade-Conflict Losses

The Agriculture Department says it will pay U.S. farmers up to $4.7 billion to offset losses due to international trade conflicts.

from WSJ.com: US Business https://ift.tt/2wiQZZJ
via IFTTT

SF Fed: Yield Curve Suggests Rising, But Still Low, Risk Of Recession

The bond market is signaling that the risk of recession is rising but a downturn is far from imminent, new research by the Federal Reserve Bank of San Francisco released Monday said.

from WSJ.com: US Business https://ift.tt/2LwoFYE
via IFTTT

It Is Getting Harder for U.S. Economy to Impress Investors

The U.S. is struggling to meet economists’ expectations even as its economy grows at its quickest pace in years—a potential challenge to investors who have been flocking to the region for months.

from WSJ.com: US Business https://ift.tt/2Nl10fr
via IFTTT

U.S.-Mexico Deal Clears Pathway for Nafta Rewrite

President Trump announced the U.S. had reached a deal with Mexico on issues that have held up renegotiation of the North American Free Trade Agreement for over a year. He also proposed getting rid of the name Nafta, saying it had bad connotations.

from WSJ.com: US Business https://ift.tt/2MRI1w5
via IFTTT

Mexico's Trade Deficit Nearly Doubles in July

Mexico’s trade deficit nearly doubled in July from a year earlier as growth in imports outpaced that of exports, led by a big increase in purchases of petroleum products from abroad.

from WSJ.com: US Business https://ift.tt/2Lu7kzD
via IFTTT

Bad News for U.S. Papers, but Tariffs Are Paying Off for One Rock Capital

When the Trump administration applied tariffs on imports of newsprint, the Canadian government, the U.S. newspaper industry and others loudly complained. Private-equity firm One Rock Capital Partners rejoiced.

from WSJ.com: US Business https://ift.tt/2BOQ1Kg
via IFTTT

Chicago Fed National Activity Index Fell in July

The Chicago Fed National Activity Index fell in July, as the pace of growth from production-related indicators slowed.

from WSJ.com: US Business https://ift.tt/2MNEH5p
via IFTTT

J.Crew's New CEO Rolls Out Strategy

CEO James Brett’s plan is to expand J.Crew’s assortment with more entry-level prices, as well as plus sizes and more fit options.

from WSJ.com: US Business https://ift.tt/2MCiIie
via IFTTT

Facing an Uncertain Road in U.S., Japan's Auto Makers Look to China

Nissan Motor said it has started producing its first made-for-China electric car, leading a wave of electric vehicles planned by Japanese makers looking to boost sales in the country.

from WSJ.com: US Business https://ift.tt/2wsMye7
via IFTTT

Airlines Cash In on Loyalty Credit Cards

Airlines are inundating customers with credit-card offers, hoping to widen a lucrative and steady revenue stream as they rely more on income beyond fares.

from WSJ.com: US Business https://ift.tt/2Nmnpcv
via IFTTT

'It's the Fizz': How Seltzer Is Upending Coffee and Beer

Sparkling water sales are soaring in the U.S. as consumers ditch soda for healthier, more natural beverages. And with that explosion has come a wave of variants: caffeinated and alcoholic versions, sparkling coconut water and coffee, even seltzer laced with cannabis.

from WSJ.com: US Business https://ift.tt/2ofIYAE
via IFTTT

Play Call for Papa John's: Go Long

Papa John’s stock has been hammered by remarks from founder John Schnatter. But the pizza chain’s efforts to distance itself from him should stabilize the business.

from WSJ.com: US Business https://ift.tt/2NmnBbJ
via IFTTT

In-house Agencies on Rise As Advertisers Seek Services Closer to Home

Advertisers with in-house agencies increased to 64% from 42% ten years ago, according to a new study from an in-house agency trade association

from WSJ.com: US Business https://ift.tt/2PHwPRp
via IFTTT

Sunday, August 26, 2018

U.S., Mexico Nearer to Resolving Issues Holding Up Nafta Talks

Mexico’s trade negotiators said Sunday they would do whatever necessary, including working into the night, to reach an agreement with the U.S. that would then allow the return of Canada to the talks.

from WSJ.com: US Business https://ift.tt/2wgcvOW
via IFTTT

Public Bravado, Private Doubts: How Elon Musk's Tesla Plan Unraveled

As his team hustled to put form to his idea, lining up investors willing to put up tens of billions of dollars. Mr. Musk was having second thoughts.

from WSJ.com: US Business https://ift.tt/2odIKtS
via IFTTT

Natural Grocers Shrug Off Amazon-Whole Foods Threat

Sales at Sprouts Farmers Market, Natural Grocers and hundreds of other health-food retailers are up both in terms of dollar and unit sales a year after Amazon’s $13.7 billion takeover of Whole Foods.

from WSJ.com: US Business https://ift.tt/2P6hPeI
via IFTTT

Trump's Stances Weaken Support for U.S. to Lead Global Banking Body

President Trump’s antagonistic posture towards international institutions at foreign summits this summer soured some European officials on the candidacy of a top Fed official to helm the international Financial Stability Board.

from WSJ.com: US Business https://ift.tt/2Mx9RP9
via IFTTT

Global Economy Week Ahead: U.S. GDP Revisions and Other Data

In the week ahead, the U.S. Commerce Department releases second-quarter gross domestic product revisions and July personal-income figures. Overseas, Brazil will see second-quarter gross domestic product data and China will release factory-activity numbers.

from WSJ.com: US Business https://ift.tt/2PcXPHB
via IFTTT

Trump's Trade Policies Raise Alarms at Fed's Jackson Hole Retreat

Without mentioning President Trump by name, central bankers at the Federal Reserve’s annual retreat in Jackson Hole made clear they were concerned about his trade policy.

from WSJ.com: US Business https://ift.tt/2MPbu9X
via IFTTT

Signs of a Strong Economy: Hedges Are Overgrown and Lawns Need Mowing

Low levels of unemployment and high demand for H-2B visas mean there aren’t enough people working in landscaping this summer.

from WSJ.com: US Business https://ift.tt/2BVj4eS
via IFTTT

Regional Banks Still Need a Lending Boost

A promising rebound in loan growth now appears to be fading. That could become an issue, especially for small and midsize lenders.

from WSJ.com: US Business https://ift.tt/2oiDZPL
via IFTTT

The $4.7 Billion Nuclear Bill That No One Wants to Pay

The owner of two partially built nuclear reactors in South Carolina walked away from the project last year because of high costs and delays. Now no one wants to pay for it.

from WSJ.com: US Business https://ift.tt/2P896sl
via IFTTT

Beyond Soda: How and Why Your Beverage Options Are Exploding

A proliferation of beverages that don’t fit within traditional drink categories is creating a headache for retailers, confusion for shoppers and a challenge for manufacturers that are trying to keep pace with changing consumer tastes.

from WSJ.com: US Business https://ift.tt/2LrznQm
via IFTTT

Home Security Systems That Are Fast, Easy and Totally Not Creepy

Nest, Ring, Simplisafe and SmartThings are useful home-security tools with no professional installation or long-term contract required—and no camera spying on you 24/7.

from WSJ.com: US Business https://ift.tt/2o8tCxw
via IFTTT

EpiPen Shortage Hits Back-to-School Season

Parents are scrambling to find pharmacies carrying EpiPens for the new school year, as regulators and manufacturers move to address a continuing shortage of the lifesaving devices.

from WSJ.com: US Business https://ift.tt/2BNRLTS
via IFTTT

Saturday, August 25, 2018

The Other Amazon Effect: How Prices Have Become Less Insulated From Supply Shocks

Increased online competition has made retailers faster to adjust prices and more likely to hold prices constant across geographic locations, according to new research presented at the Fed’s Jackson Hole conference.

from WSJ.com: US Business https://ift.tt/2BMNAHX
via IFTTT

How to Make Sense of President Trump's Call for Zero Tariffs

President Trump has praised tariffs, and he has also declared, “No tariffs, no barriers. That’s the way it should be.” Bob Davis looks at whether that no-tariff objective is serious.

from WSJ.com: US Business https://ift.tt/2MyS1ey
via IFTTT

U.S., Mexico Close to Resolving Issues Blocking Nafta Talks

The U.S. and Mexico are close to reaching a bilateral agreement on key issues holding back a renegotiation of Nafta, removing a hurdle to completing a deal that would eventually include Canada.

from WSJ.com: US Business https://ift.tt/2LsYTo6
via IFTTT

Top Central Banker Decries U.S. Trade Measures

Dialing back globalization would undermine decades of economic progress around the world, Agustín Carstens, head of the Bank for International Settlements, said at the Jackson Hole symposium for the world’s central bankers.

from WSJ.com: US Business https://ift.tt/2Mumx9j
via IFTTT

America Has Fallen Out of Love With the Sedan

Long a symbol of the American open road, the classic sedan is fading in the rearview mirror as millions of drivers migrate to sport-utility vehicles, prompting auto makers to rework their lineups. One cause is the shifting relationship between people and their automobiles.

from WSJ.com: US Business https://ift.tt/2MtWLC9
via IFTTT

Inside the Factory of China's Future

Chinese machinery maker Sany is embracing technology to build a reputation for innovation and quality rather than for lower prices for copycat products, a move that comes amid Beijing’s effort to upgrade its corporate champions.

from WSJ.com: US Business https://ift.tt/2BXSIJB
via IFTTT

Elon Musk Says Tesla Will Remain a Public Company

Tesla CEO Elon Musk said he is giving up on taking the company private in the wake of shareholders’ objections, 17 days after he shocked the business world with a tweet announcing intentions to pursue the idea.

from WSJ.com: US Business https://ift.tt/2o6JS2a
via IFTTT

Friday, August 24, 2018

PG&E Identified as Utility That Lost Control of Confidential Information

PG&E was identified as the utility that authorities had fined in May for losing control of a database with confidential information about its systems and leaving it exposed on the internet for 70 days.

from WSJ.com: US Business https://ift.tt/2MQJF1c
via IFTTT

Defense Companies Run Space Race

Defense and aerospace companies are accelerating plans to develop new types of missiles and satellites in an effort to capitalize on President Trump’s proposed military branch devoted to space warfare.

from WSJ.com: US Business https://ift.tt/2P1bPE0
via IFTTT

Papa John's Mandates Diversity Training as Founder Continues Push for Control

Papa John’s is mandating diversity training for its staff as founder John Schnatter pushes to regain control of the pizza company that executives say was destabilized by his divisive behavior.

from WSJ.com: US Business https://ift.tt/2PBZszp
via IFTTT

Shareholders Approve Cigna-Express Scripts Deal

Cigna and Express Scripts shareholders overwhelmingly supported Cigna’s $54 billion purchase of the pharmacy-benefit manager, a deal that activist investor Carl Icahn initially sought to block.

from WSJ.com: US Business https://ift.tt/2P80XED
via IFTTT

Rising Metals Prices Show Little Sign of Substantially Boosting U.S. Production

Tariffs on steel and aluminum are driving up the value of shipments of metals being produced domestically, but they have little effect on the quantity being churned out.

from WSJ.com: US Business https://ift.tt/2MAp0ze
via IFTTT

The Race to Build a Wind Behemoth

From General Electric to Siemens, industrial giants are racing to build turbines as big as skyscrapers and more powerful than any that exist today. The potential prize in this engineering derby? Dominance over a multibillion-dollar offshore wind market that is set to boom in coming decades.

from WSJ.com: US Business https://ift.tt/2P10GDm
via IFTTT

How 'Intangible Capital' Explains Rising Corporate Concentration, Weak Investment

The rise of “intangible capital” such as software, patents, intellectual property and innovative business processes explains much of the weakness in private capital investment since 2000, according to new research presented at the Jackson Hole economic symposium.

from WSJ.com: US Business https://ift.tt/2PB3B6D
via IFTTT

Enbridge to Buy Rest of Spectra Energy for $3.3 Billion

Oil and gas pipeline operator Enbridge has agreed to buy the rest of Spectra Energy Partners for about $3.3 billion in stock.

from WSJ.com: US Business https://ift.tt/2LswGOi
via IFTTT

Airplane Noise Complaints Are Skyrocketing: 'I Start Pushing That Button at 6:33 a.m.'

A new invention allows people to register their annoyance with an inexpensive gizmo, swamping airport systems; power users in San Diego

from WSJ.com: US Business https://ift.tt/2MyzMpi
via IFTTT

Lloyd's of London Reviews Marine Insurance Market as Losses Mount

Lloyd’s of London, which controls about a fifth of the global marine insurance market, is reviewing a number of loss-making members of its marine unit, a move that could drive up costs for insuring the world’s ocean carriers.

from WSJ.com: US Business https://ift.tt/2P2XLd4
via IFTTT

Fed's Powell Defends Pace of Rate Hikes to Avert Overheating

Federal Reserve Chairman Jerome Powell defended the strategy of gradually raising interest rates, pushing back against criticisms that the central bank is moving either too quickly or too slowly, jeopardizing the economy’s expansion.

from WSJ.com: US Business https://ift.tt/2BJGbcu
via IFTTT

Fed's Mester Says Gradual Rate Increases Still Best Path

Federal Reserve Bank of Cleveland President Loretta Mester said the economy’s solid performance justifies further gradual interest-rate increases.

from WSJ.com: US Business https://ift.tt/2o8LecQ
via IFTTT

Fed Signals Unease About Drop in Unemployment

New research from the Federal Reserve warns against placing too little attention on an unemployment rate that falls below levels regarded as likely to maintain stable inflation.

from WSJ.com: US Business https://ift.tt/2wligdr
via IFTTT

U.S. Durable-Goods Orders Fell 1.7% in July

Demand for long-lasting goods produced by U.S. factories fell in July because of a decline in aircraft sales, but underlying demand grew modestly.

from WSJ.com: US Business https://ift.tt/2PBfXvE
via IFTTT

More People Are Buying Pet Insurance

As veterinary bills add up, more pet owners are opting for insurance, which for the first time last year grossed $1 billion in annual premiums.

from WSJ.com: US Business https://ift.tt/2NhnUV1
via IFTTT

How Two Musk Decisions in 2016 Put Tesla Into Trouble

At the start of 2016, the stock market was tumbling. Shares of Tesla were down and shares of Elon Musk’s other public company, SolarCity, were down even more. His solutions—hyping the Model 3 and merging SolarCity into Tesla—have pressured the car maker.

from WSJ.com: US Business https://ift.tt/2NfgdyM
via IFTTT

Under Trump, Consumer Safety Agency Aims to Boost Cooperation With Business

The agency charged with protecting U.S. consumers from dangerous products has changed tack under President Trump, curtailing certain regulatory practices. Ann Marie Buerkle, acting chairwoman of the Consumer Product Safety Commission since February 2017, has toned down what businesses describe as the confrontational approach of her Democratic predecessor.

from WSJ.com: US Business https://ift.tt/2MOPfRz
via IFTTT

CEO of National Enquirer Publisher Granted Immunity in Cohen Case

Federal prosecutors granted immunity to David Pecker, CEO of the company that publishes the National Enquirer and a longtime friend of President Trump, in the Michael Cohen investigation.

from WSJ.com: US Business https://ift.tt/2BFB39l
via IFTTT

Microsoft Hit With U.S. Bribery Probe Over Deals in Hungary

Microsoft is being investigated by U.S. Justice Department and the Securities and Exchange Commission over potential bribery and corruption related to software sales in Hungary.

from WSJ.com: US Business https://ift.tt/2o7XRow
via IFTTT

Waymo, Alphabet's Self-Driving Unit, Steers Into China

Waymo is setting up shop in Shanghai, giving parent company Alphabet a foothold in China as it considers rebooting its Google search engine behind the Great Firewall.

from WSJ.com: US Business https://ift.tt/2PA6zsf
via IFTTT

Tesla's Factory Complex Hit by Scrap Fire, Escapes Major Damage

A fire on the grounds of Tesla’s car factory in California on Thursday burned a scrap pile and sent plumes of smoke into the sky but was extinguished before it could cause major damage.

from WSJ.com: US Business https://ift.tt/2wlqF0A
via IFTTT

Gap Reports Sales Decline at Flagship Brand

Gap’s struggles to revive its flagship brand continued in the latest quarter as declining sales muted gains at the retailer’s other units.

from WSJ.com: US Business https://ift.tt/2PA6u7V
via IFTTT

Ticketing Platform Eventbrite Continues IPO Plans

Eventbrite Inc., which provides ticketing and other services for events “from pop-up dinners to the world’s largest festivals,” is moving ahead with plans to trade on public markets.

from WSJ.com: US Business https://ift.tt/2wqsoBy
via IFTTT

Thursday, August 23, 2018

Central Bankers' Jackson Hole Gathering: a Cheat Sheet

The Federal Reserve Bank of Kansas City’s annual economic retreat begins Thursday evening and runs through Saturday at its traditional venue, the Jackson Lake Lodge. Here’s what to expect.

from WSJ.com: US Business https://ift.tt/2MvQA0q
via IFTTT

U.S.-China Trade Talks End With No Sign of Progress

Trade talks between the U.S. and China failed to produce any visible sign of progress, reducing the prospects of a deal soon, people closely tracking the talks said.

from WSJ.com: US Business https://ift.tt/2P0VGOY
via IFTTT

Argentina's Economy Contracted 6.7% in June From Year Earlier

Argentina’s economy contracted 6.7% in June from the year-earlier period, the third consecutive month of decline, the government said.

from WSJ.com: US Business https://ift.tt/2o25bls
via IFTTT

Treasury Moves to Block Path Around Cap on State Tax Deductions

The Treasury Department moved to block attempts by New York, New Jersey and Connecticut to let taxpayers circumvent the new $10,000 cap on state and local tax deductions.

from WSJ.com: US Business https://ift.tt/2o5thf4
via IFTTT

Google Terminates YouTube Accounts Linked to Iran

Alphabet’s Google said it had terminated dozens of YouTube channels found to be pushing misinformation on behalf of Iran’s state broadcasting arm.

from WSJ.com: US Business https://ift.tt/2o4Z6F5
via IFTTT

Victoria's Secret Misses Out on Retail Surge

The lingerie brand reported lower comparable sales for the latest quarter, dragging down results at its parent company, L Brands.

from WSJ.com: US Business https://ift.tt/2BMLTdo
via IFTTT

As Central Bankers Meet, Economic Uncertainties Weigh on Outlook

The formal discussion at this week’s Fed retreat with global central bankers will be about the impact of monopolies, but new economic uncertainties are sure to dominate chats over cocktails and mountain hikes.

from WSJ.com: US Business https://ift.tt/2Mt0fVf
via IFTTT

What to Watch for at Fed's Jackson Hole Symposium

The big question at the Fed’s annual retreat, which begins Thursday, is whether Chairman Jerome Powell will provide more clues about the central bank’s rate-setting path.

from WSJ.com: US Business https://ift.tt/2P1lGJR
via IFTTT

Mexico's Guajardo Plays Down Chances of Quick Nafta Deal

Economy minister Ildefonso Guajardo played down the chances of Mexico and the U.S. reaching a preliminary trade deal Thursday, saying it’s “better to have a good agreement than a fast agreement.”

from WSJ.com: US Business https://ift.tt/2MtMHsM
via IFTTT

China, U.S. Fire Off New Tariffs in Middle of Trade Talks

China and the U.S. launched a fresh round of tariffs on $16 billion in each other’s goods, even as officials from both governments sat down for negotiations to resolve their monthslong trade fight.

from WSJ.com: US Business https://ift.tt/2P1lCtB
via IFTTT

U.S. New Home Sales Fell in July

Sales of new homes in the U.S. fell for the second straight month in July after a stark drop in June.

from WSJ.com: US Business https://ift.tt/2wmu1jB
via IFTTT

Sears Closing More Stores

Sears Holdings plans to close 46 more Kmart and Sears locations, further downsizing its bricks-and-mortar imprint nationwide.

from WSJ.com: US Business https://ift.tt/2wkk2LY
via IFTTT

Who Killed Toys 'R' Us? Hint: It Wasn't Only Amazon

A small group of hedge funds decided the ailing Toys ‘R’ Us was worth more dead than alive. That turned a frantic restructuring effort into a going-out-of-business sale, a sign of debtholders’ increasing power in bankruptcy court.

from WSJ.com: US Business https://ift.tt/2PyDWLI
via IFTTT

Honeywell Spinoffs Give Investors Early Look at Operations

Honeywell International is moving ahead with plans to break up the company, with spinoffs Resideo Technologies and Garrett Motion filing registration documents with the SEC..

from WSJ.com: US Business https://ift.tt/2wlQs8L
via IFTTT

Fed's George Calls for More Rate Increases

Federal Reserve Bank of Kansas City leader Esther George reaffirmed her support for more interest rate increases this year.

from WSJ.com: US Business https://ift.tt/2w61PSY
via IFTTT

U.S. Jobless Claims Fall for Third Consecutive Week

The number of Americans filing applications for new unemployment benefits fell last week for the third straight week, continuing to hover near historic lows.

from WSJ.com: US Business https://ift.tt/2PvUUKX
via IFTTT

Saudi Arabia Denies Aramco IPO Is Canceled

Saudi Arabia said it remained committed to publicly listing Aramco, its national oil company, at some point in the future, dismissing reports that the centerpiece of the country’s economic transformation had been canceled.

from WSJ.com: US Business https://ift.tt/2wjhCNv
via IFTTT

Hormel Foods Trims Sales Outlook on Higher Supplies, Tariffs

Hormel Foods, the owner of Jennie-O, Skippy, and Spam brands, cut its sales outlook as the food company faces increasing supplies of meat products and pressure from tariffs levied by major importing countries.

from WSJ.com: US Business https://ift.tt/2PynDP0
via IFTTT

Alibaba Earnings Slump on One-Time Charge

Chinese e-commerce titan Alibaba said fiscal first-quarter earnings fell 41%, driven by a one-off stock compensation charge from the revaluation of its financial-services affiliate.

from WSJ.com: US Business https://ift.tt/2MwQTIt
via IFTTT

Coca-Cola Launched 500 Drinks Last Year. Most Don't Taste Like Coke.

CEO James Quincey is pushing the soda giant’s global subsidiaries to develop more local flavors in pursuit of growth. Enter chunky mango and a laxative Sprite.

from WSJ.com: US Business https://ift.tt/2P16BbA
via IFTTT

Facebook Bans Quiz App That Captured Data of Four Million Users

Facebook Inc. on Wednesday banned from its platform a quiz app that could have exposed the data of up to four million users, after the developers declined to be audited by the social-media giant.

from WSJ.com: US Business https://ift.tt/2MsyM65
via IFTTT

Britain Ramps Up Preparations for No-Deal Brexit

The U.K. government published advice for British businesses on how to prepare for an abrupt break with the EU, a move aimed at underscoring to Brussels that it is serious about walking away from talks if it doesn’t get a satisfactory deal.

from WSJ.com: US Business https://ift.tt/2PrcjV7
via IFTTT

Kroger to Ditch Plastic Bags by 2025

Kroger plans to eliminate plastic shopping bags from its supermarkets, the latest retailer to address customer backlash against disposable packaging and utensils.

from WSJ.com: US Business https://ift.tt/2w6NS7n
via IFTTT

Cannabis Supply Chains Coming Out of the Shadows

A nascent network of distributors is sprouting in California, taking marijuana business “from backpack to briefcase” in a potential model for national supply chains.

from WSJ.com: US Business https://ift.tt/2wfJHFs
via IFTTT

Car Dealers Struggle to Recruit Younger Workers

Car dealerships are facing a roadblock: convincing workers in their 20s and 30s to work and stay in an auto retail business defined by long shifts, weekends on the selling floor, haggling and commission-based pay.

from WSJ.com: US Business https://ift.tt/2PuY8hI
via IFTTT

Saudi Aramco Could Still Sell a Stake---to China

A juicy IPO of the world’s biggest oil company looks increasingly unlikely soon. That doesn’t mean there won’t be another chance for Aramco to sell a piece of itself.

from WSJ.com: US Business https://ift.tt/2wlKZP5
via IFTTT

At Target, Good News Isn't Over Yet

Target’s second-quarter success is partly due to a strong consumer economy But it is also a sign that the company’s $7 billion investment to revamp its business is paying off.

from WSJ.com: US Business https://ift.tt/2Py2HHU
via IFTTT

Taking Cue From the U.S., Australia Bans Huawei From 5G Network

Australia banned Chinese telecom firms Huawei and ZTE from its next-generation 5G mobile network, aligning it with U.S. policy on the matter and underscoring concerns about the possibility of cyberspying by Beijing.

from WSJ.com: US Business https://ift.tt/2LkIWjN
via IFTTT

Wednesday, August 22, 2018

$50 Million Deal Brings Millennium Sapphire Out of Hiding

Yulong Eco-Materials, a Chinese producer of fly-ash bricks, said it has agreed to acquire the carved gem for $50 million in restricted stock, with plans to display it after over a decade out of public view.

from WSJ.com: US Business https://ift.tt/2LiUynE
via IFTTT

Adviser to Bernanke, Yellen Will Reprise Role for Powell

Jon Faust, who served as a senior adviser to former Federal Reserve chiefs Janet Yellen and Ben Bernanke, has taken on a similar full-time role for Fed Chairman Jerome Powell, according to people familiar with the matter.

from WSJ.com: US Business https://ift.tt/2OZFLAw
via IFTTT

Facebook to Remove Data-Security App From Apple Store

Facebook plans to pull its data-security app Onavo from Apple Inc.’s app store after the iPhone maker ruled that the service violated its data-collection policies

from WSJ.com: US Business https://ift.tt/2o2BBfu
via IFTTT

'Big Bang Theory' to End in May

The CBS hit “The Big Bang Theory,” the most-watched comedy on television, is coming to an end next May after 12 seasons and 279 episodes.

from WSJ.com: US Business https://ift.tt/2BxUdxL
via IFTTT

Venezuelans Skeptical of Maduro's New Measures to Salvage Economy

People in Venezuela’s capital expressed uncertainty about an economic overhaul by President Nicolás Maduro’s leftist government that introduces a new, highly devalued currency and a raft of other confounding measures.

from WSJ.com: US Business https://ift.tt/2OZweJK
via IFTTT

U.S. Seizes on China's Woes as Talks Start

The U.S. and China kicked off two days of talks in Washington aimed at settling an escalating trade battle, with the U.S. claiming the advantage because Beijing is struggling to keep its economic growth from faltering.

from WSJ.com: US Business https://ift.tt/2PwQraC
via IFTTT

Fed Signals Rate Increase Next Month

Federal Reserve officials at their last meeting signaled they were likely to raise interest rates next month and discussed in greater detail their concerns over how prolonged trade disputes could disrupt economic growth.

from WSJ.com: US Business https://ift.tt/2MvVzhK
via IFTTT

Nafta Talks Near Accord on Key Points, Mexican Official Says

U.S. and Mexican officials are close to resolving some of the sticking points that have stalled negotiations to overhaul the Nafta, Mexico’s chief trade negotiator said.

from WSJ.com: US Business https://ift.tt/2nZWKXN
via IFTTT

Treasury Readies Its Punch Back at Workarounds on Tax Deduction Cap

The Trump administration is finishing what’s expected to be a crackdown on state laws circumventing the new $10,000 federal cap on individual deductions for state and local taxes.

from WSJ.com: US Business https://ift.tt/2w2u8la
via IFTTT

How Women Can Cope With Mistreatment From Female Colleagues

Women are 14% to 21% more likely than men to report experiencing uncivil treatment from female co-workers, according to a recent study. There are ways to cope with that undermining behavior.

from WSJ.com: US Business https://ift.tt/2N9pNmV
via IFTTT

Alibaba Earnings: What to Watch

China’s Alibaba will report first-quarter earnings before the U.S. market opens Thursday. Watch out for guidance on future investments and how they may affect margins, as the e-commerce titan extends its spending spree.

from WSJ.com: US Business https://ift.tt/2MLjtoD
via IFTTT

Sorry, Pal, I Don't Want to Talk: The Other Reason People Wear AirPods

Apple’s white wireless earphones transmit music and conversations, but some users wear them all day as a shield, a secretary and a hiding place.

from WSJ.com: US Business https://ift.tt/2N52eLQ
via IFTTT

For U.S. to Stay in WTO, China May Have to Leave

The intensifying trade fight between the U.S. and China didn’t come out of the blue, but President Trump’s unilateral tariffs risk a Pyrrhic victory that damages global trading rules. There may be a more effective solution.

from WSJ.com: US Business https://ift.tt/2w4JiWX
via IFTTT

$300 Million for an Aging Tennis Star? Roger Federer Is Worth It, Uniqlo Says

Weeks after it signed Roger Federer to a $300 million endorsement deal, Uniqlo is explaining why a company not known for sports attire is making such a big commitment to a tennis player in the twilight of his career.

from WSJ.com: US Business https://ift.tt/2BANfYT
via IFTTT

Continental Shares Plunge After Second Profit Warning in a Year

Continental’s shares fell nearly 15% after the auto supplier issued a fresh profit warning, blaming softer demand for cars in Europe and China as well as higher costs.

from WSJ.com: US Business https://ift.tt/2nZcx9f
via IFTTT

Existing Home Sales Fall

Sales of previously owned homes in the U.S. declined for a fourth straight month in July, as rising prices and limited inventory of affordable housing continued to sideline buyers despite solid economic growth.

from WSJ.com: US Business https://ift.tt/2win8Qq
via IFTTT

Fed Minutes Offer Glimpse of Outlook for Second Half

The Federal Reserve releases the minutes of its July 31-Aug. 1 meeting on Wednesday, which could provide clues on how central bank officials judge potential risks to the economy.

from WSJ.com: US Business https://ift.tt/2o0gUBb
via IFTTT

The Promotion That Comes Without the Raise

More employers are handing out new job titles with extra responsibility but no bump in salary. Here’s how to respond to that kind of offer.

from WSJ.com: US Business https://ift.tt/2whCHaZ
via IFTTT

Digital Lock Startup Raises $70 Million Behind Push From Homebuilder

Companies that manufacture smart locks—which can be opened with a cell phone app or code and sometimes include cameras and intercoms—are battling to edge out traditional locks.

from WSJ.com: US Business https://ift.tt/2N8MF61
via IFTTT

Lowe's to Close Orchard Supply Stores, Hires CVS Finance Chief

Lowe’s is shedding a small home-improvement chain and has recruited CVS Health’s chief financial officer as the company looks to become more competitive.

from WSJ.com: US Business https://ift.tt/2OXjD9H
via IFTTT

KKR In Talks to Buy Fiat Chrysler's Magneti Marelli Autoparts Unit

U.S. buyout firm KKR & Co. is in talks to acquire Fiat Chrysler Automobiles’ global auto parts business Magneti Marelli.

from WSJ.com: US Business https://ift.tt/2OXu90W
via IFTTT

Brushers Are Buying Sensodyne's Pitch

Sensodyne, a 60-year-old brand that long occupied a specialized niche of the dental-care world, has cut into Crest’s and Colgate’s lead in the U.S. market, capitalizing on shoppers’ growing preference for toothpastes that do more than clean.

from WSJ.com: US Business https://ift.tt/2MsXinF
via IFTTT

Xiaomi Swings to Profit on Strong Smartphone Sales

Chinese smartphone maker Xiaomi swung to a profit in the second quarter as smartphone sales rose sharply, but the results were weighed down by a big bonus payment for its chief executive.

from WSJ.com: US Business https://ift.tt/2MpKf6s
via IFTTT

Santos to Buy Brookfield-Backed Quadrant for $2.15 Billion

Santos Ltd. said it would buy Quadrant Energy, the natural-gas company whose owners include Brookfield Business Partners, for US$2.15 billion as it seeks to expand its Australian gas business.

from WSJ.com: US Business https://ift.tt/2MHmfv3
via IFTTT

Target's Sales Growth Highest in More Than a Decade

Target said same-store sales rose at the fastest rate in more than a decade, buoyed by efforts to improve locations and e-commerce capabilities as well as a booming economy.

from WSJ.com: US Business https://ift.tt/2LitLYG
via IFTTT

The Next Big Bet in Fracking: Water

Fledgling companies, many backed by private equity, are rushing to help shale drillers deal with one of their trickiest problems: what to do with the vast volumes of wastewater that are a byproduct of fracking wells.

from WSJ.com: US Business https://ift.tt/2P1u2l5
via IFTTT

Tuesday, August 21, 2018

Facebook Pulls Hundreds of Fake Accounts

Facebook Inc. dismantled a new set of influence campaigns originating in Russia and Iran designed to sow division in global politics, part of the social-media company’s broader purge of bad actors on its site.

from WSJ.com: US Business https://ift.tt/2OTGX8k
via IFTTT

Uber's CFO Pick Gives Strength to Executive Team Ahead of IPO

Uber Technologies picked a finance chief who is well-versed in the IPO process, strengthening and stabilizing the company’s executive team as it prepares for an initial public offering.

from WSJ.com: US Business https://ift.tt/2whJOjM
via IFTTT

La-Z-Boy Reports Jump in Sales

La-Z-Boy Inc. reported better-than-expected sales for its recently completed quarter, helped in part by price increases.

from WSJ.com: US Business https://ift.tt/2nZcU3M
via IFTTT

Stocks Set to Enter Longest Bull Market as S&P Hits Record

U.S. stocks are on the verge of surpassing their longest-running rally, ratifying a rebound that began in the ashes of the financial crisis.

from WSJ.com: US Business https://ift.tt/2OVYVqV
via IFTTT

Mexico's President-Elect Balks at Including Energy in New NAFTA

A split has emerged among Mexico’s incoming and outgoing administrations over how to handle the subject of energy in ongoing talks to revamp the North American Free Trade Agreement.

from WSJ.com: US Business https://ift.tt/2BtI7pa
via IFTTT

Benchmark Capital Stays Lean, Even After $14 Billion Bonanza

In an era when venture-capital firms are raising megafunds in the billions of dollars, Benchmark Capital—one of the best-performing investors—is resisting the temptation to go big.

from WSJ.com: US Business https://ift.tt/2BxiR1q
via IFTTT

Treasury Sanctions Russian Firms for Allegedly Helping North Korea

The Trump administration levied new sanctions against Russian firms it accused of violating trade bans on North Korea and breaches of U.S. laws against cooperation with Russia’s intelligence services.

from WSJ.com: US Business https://ift.tt/2MJsPkH
via IFTTT

What Does Knee Surgery Cost? Few Know, and That's a Problem

The price we pay for health care often has little connection to what it actually costs. One hospital decided to investigate by studying its knee-replacement operations. Over 18 months, an efficiency expert trailed doctors and nurses to record every minute of activity, and the result was significantly lower than the list price.

from WSJ.com: US Business https://ift.tt/2wfD4Tz
via IFTTT

American Airlines Pares International Flights

American Airlines is cutting some unprofitable international flights after fuel prices rose. Service to Shanghai, Munich and Toronto will be affected.

from WSJ.com: US Business https://ift.tt/2w3yFUv
via IFTTT

Coty Feels Strain of $12 Billion Bet on P&G Beauty Business

Nearly two years after Coty paid $12 billion to acquire Procter & Gamble’s beauty business, the deal remains a drag on the struggling beauty giant. Weak performance of former P&G brands, including names like CoverGirl makeup and Clairol hair dye, drove down sales in the most recent quarter.

from WSJ.com: US Business https://ift.tt/2LbyDyt
via IFTTT

Uber Fills CFO Job, Vacant Since 2015

Ride-hailing giant Uber named Nelson Chai as its first chief financial officer in more than three years, tapping a veteran banking and insurance executive as next year’s planned IPO looms.

from WSJ.com: US Business https://ift.tt/2PlOhLb
via IFTTT

Fed's Kaplan Still Favors Gradual Path of Rate Increases

Federal Reserve Bank of Dallas President Robert Kaplan said in an essay published Tuesday that he would like the central bank to press forward with rate increases amid a very strong job market.

from WSJ.com: US Business https://ift.tt/2nW5HBr
via IFTTT

Smucker Needs to Fix Peanut Butter and Jelly

Food company Smucker has made smart moves to adjust its portfolio, but without boosting its core brands the stock will keep struggling.

from WSJ.com: US Business https://ift.tt/2MDqebY
via IFTTT

Toll Brothers Profit Jumps as Deliveries Rise

Toll Brothers’s profit rose 30% in its latest quarter as the luxury home builder reported strong growth in deliveries and continued to reach deals with customers at a rapid clip

from WSJ.com: US Business https://ift.tt/2BwwspL
via IFTTT

Cat Fight:Cheetos Maker Pepsi Challenges Orange Snack Rival

PepsiCo’s Frito-Lay division, which makes Cheetos, has accused a new competitor called Peatos, a skinny orange snack made of peas and lentils, of trademark violations.

from WSJ.com: US Business https://ift.tt/2nTZAO7
via IFTTT

Airline Stocks Start to Take Off

Shares of airline operators are no longer in free fall, getting a boost as company projections for the number of passenger seats that are offered have come down.

from WSJ.com: US Business https://ift.tt/2BwwnCt
via IFTTT

Slack Takes Wraps Off $7.1 Billion Valuation Deal

Slack Technologies has raised a new mega-round of financing that values the company at more than $7.1 billion.

from WSJ.com: US Business https://ift.tt/2MCCnOx
via IFTTT

The Top Reader Advice for Surviving Extra-Long Flights

Journal readers share their tricks for getting through marathon nonstop trips.

from WSJ.com: US Business https://ift.tt/2BwwjTf
via IFTTT

Trump Auto Tariff Timetable Likely to Slip

The Trump administration is pushing back its timetable for completing a controversial investigation into whether to impose tariffs on auto imports, as officials try to negotiate agreements with some of the world’s largest car exporters.

from WSJ.com: US Business https://ift.tt/2LdDvDp
via IFTTT

Russian Hackers Target Conservative Groups in Widening Cyberattacks

Russian hackers linked to the 2016 election cyberattacks on the Democratic Party are widening their targeting for the coming midterms to include the U.S. Senate and well-connected conservative groups, according to new research from Microsoft Corp.

from WSJ.com: US Business https://ift.tt/2MrSmzB
via IFTTT

Kohl's Posts Increase in Sales

Kohl’s posted improved sales results during the second quarter amid a wave of robust consumer spending that has buoyed many retailers.

from WSJ.com: US Business https://ift.tt/2wfIHRz
via IFTTT

BHP Is Mining a Rich Seam for Now

After a shaky few years the world’s biggest miner is back on track, with profits up and dividends surging.

from WSJ.com: US Business https://ift.tt/2nXBZvL
via IFTTT

The Crowded Market for Luxury Tech

Online luxury retailer Farfetch isn’t as unique as the first draft of its IPO prospectus would have investors believe.

from WSJ.com: US Business https://ift.tt/2L83DQ5
via IFTTT

New Fiat Chrysler CEO's Big Challenge: Fixing the European Business

Fiat Chrysler CEO Mike Manley’s predecessor built a reputation as a turnaround specialist but left unresolved the future of FCA’s legacy business in Europe.

from WSJ.com: US Business https://ift.tt/2N21hDZ
via IFTTT

BHP Posts Higher Profit and Dividend

BHP Billiton Ltd. said fiscal-year net profit fell 37% because of one-time charges, but the world’s biggest miner by market value recorded a 33% rise in underlying profit and a record final dividend.

from WSJ.com: US Business https://ift.tt/2OQm9P6
via IFTTT

Broadway Ticket Sales Sizzle This Summer

Less than three full months into the new season, grosses for Broadway shows have climbed by around $62 million, or 16%, compared with the 2017-18 season.

from WSJ.com: US Business https://ift.tt/2nTbfwz
via IFTTT

Monday, August 20, 2018

Stolen Horizon Air Plane Believed Deliberately Crashed

Federal investigators have tentatively determined the ground-services worker who stole an empty Horizon Air turboprop this month ended up crashing the airliner in a suicidal dive, according to people familiar with the probe.

from WSJ.com: US Business https://ift.tt/2nTgMTZ
via IFTTT

Hertz Nabs CFO From Nielsen

Car-rental giant Hertz Global Holdings named Jamere Jackson, the former finance chief of Nielsen Holdings, to lead its finance team.

from WSJ.com: US Business https://ift.tt/2BvKE2c
via IFTTT

EPA Head Signs Proposal to Undo Restrictions on Coal Plants

The EPA moved to overturn Obama-era environmental rules on power-plant emissions, a long-telegraphed move designed to help coal-burning plants compete with natural gas and other cleaner alternatives.

from WSJ.com: US Business https://ift.tt/2Bv2iTK
via IFTTT

U.S. Moves Toward New Tariffs on China Despite Trade Talks

The Trump administration is moving closer this week to levying tariffs on nearly half of Chinese imports despite broad opposition from U.S. business and the start of a fresh round of bilateral talks.

from WSJ.com: US Business https://ift.tt/2Bsx4g1
via IFTTT

Some Tesla Suppliers Fret About Getting Paid

Tesla’s tumultuous year has fueled concern among some of its suppliers about the auto maker’s financial strength after production of the Model 3 car drained some of its cash.

from WSJ.com: US Business https://ift.tt/2PnrgaF
via IFTTT

Total Struggles to Exit Project in Iran

Total SA is having difficulty unloading its stake in a $5 billion natural-gas project in Iran to a Chinese partner, after stopping work on the project earlier this year due to U.S. sanctions.

from WSJ.com: US Business https://ift.tt/2N4uj60
via IFTTT

Online Luxury Retailer Farfetch Files IPO Plans

Online luxury retailer Farfetch filed plans for an initial public offering, looking to seize on investor optimism about the surge in high-end goods sold over the internet.

from WSJ.com: US Business https://ift.tt/2Pr3ivl
via IFTTT

Estée Lauder Posts Robust Sales Growth

Sales at Estée Lauder jumped in the latest quarter due to growing demand for high-end skin-care products and increased business at travel outlets in airports, providing a rare spot of robust growth in the stagnating consumer-products industry.

from WSJ.com: US Business https://ift.tt/2N1dA3C
via IFTTT

Fed Research Director David Wilcox to Retire at Year's End

The Federal Reserve board said its head economist will retire at the end of 2018, in what would be the most significant change in a senior staff position since Chairman Jerome Powell took office in February.

from WSJ.com: US Business https://ift.tt/2PpyCu3
via IFTTT

Greece's Bailout Ends, but Austerity and Anger Prevail

Athens and the EU hail the end of the bailout as a historic day when Greece recovers its national freedom, but many Greeks find it hard to believe that this truly is the end of an era.

from WSJ.com: US Business https://ift.tt/2N0dWY3
via IFTTT

Trump Complained About Fed Rate Increases at Fundraiser

President Trump, speaking at a fundraising event on Friday, said he was unhappy with the Federal Reserve’s recent moves to raise interest rates, people in attendance said.

from WSJ.com: US Business https://ift.tt/2wk9lZU
via IFTTT

Too Many Bosses Means Too Little Time, Research Shows

A majority of workers say they are saddled with reporting to multiple bosses and that fickle managers often waste their time with unfocused goals and conflicting directives.

from WSJ.com: US Business https://ift.tt/2N5W4uP
via IFTTT

Tyson Foods to Acquire Keystone Foods for $2.16 Billion

Tyson Foods agreed to buy Keystone Foods, a major supplier of chicken nuggets to McDonald’s, for $2.16 billion as part of its strategy to expand globally.

from WSJ.com: US Business https://ift.tt/2PpP8u2
via IFTTT

Lannett Says Key Pact With Distributor to End

Shares in Lannett plunged 55% after the generic-pharmaceuticals maker said a distribution pact with a key supplier won’t be renewed next year and that it would expand restructuring efforts to reduce costs.

from WSJ.com: US Business https://ift.tt/2N2IR6b
via IFTTT

ConocoPhillips to Halt Legal Action Against Venezuela's PdVSA

ConocoPhillips will halt further legal actions against the troubled state-run energy giant Petroleós de Venezuela over an unpaid $2 billion arbitration award after both sides agreed on a payment plan.

from WSJ.com: US Business https://ift.tt/2PlfbTv
via IFTTT

Luxury Apartment Sales Plummet in New York City

Sales of the most expensive New York apartments fell sharply in the first half of the year, pushing sellers to cut asking prices.

from WSJ.com: US Business https://ift.tt/2PqLIHQ
via IFTTT

At Heart of New Fed Debate: Bonds or Bills?

Federal Reserve officials are now beginning an internal debate to decide what exactly the central bank’s $4.5 trillion portfolio will look like when they are done shrinking it.

from WSJ.com: US Business https://ift.tt/2N2V7DF
via IFTTT

Putin's Unlikely Ally in His Standoff With the West: His Central Banker

Elvira Nabiullina has earned an unusual degree of freedom to clean up Russia’s messy banking system and stabilize its economy against volatile markets and looming sanctions. Her skills have won her praise from Vladimir Putin—as well as from abroad.

from WSJ.com: US Business https://ift.tt/2MAQMdP
via IFTTT

Videogame Developers Are Making It Harder to Stop Playing

Videogames have gotten harder to turn off, mental-health experts and parents say, raising concerns about the impact of long gaming sessions on players’ lives.

from WSJ.com: US Business https://ift.tt/2MqfqyH
via IFTTT

Pepsi Continues Move Away From Sugary Drinks With SodaStream Deal

PepsiCo has agreed to buy home-carbonation company SodaStream for $3.2 billion, the latest move by the cola giant to diversify away from sugary sodas and salty snacks.

from WSJ.com: US Business https://ift.tt/2BsO1XM
via IFTTT

Sunday, August 19, 2018

Apple Pulls 25,000 Illegal Apps From China App Store

Apple pulled illegal apps from its App Store in China after coming under fire from state media for not doing enough to filter out banned material.

from WSJ.com: US Business https://ift.tt/2wfNuCD
via IFTTT

China's Anbang Looks to Sell U.S. Luxury Hotels

The insurer paid $5.5 billion in 2016 to acquire the portfolio that includes properties in Manhattan, Chicago and Miami, but it’s now looking to sell to raise cash.

from WSJ.com: US Business https://ift.tt/2OOzirR
via IFTTT

A Surprising Bulwark for the U.S. Economy: Personal Savings

American households are saving more than previously estimated, a sign that consumers are better positioned to weather the next economic downturn.

from WSJ.com: US Business https://ift.tt/2OOWSVw
via IFTTT

Fewer Americans Uproot Themselves for New Jobs

Fewer Americans are moving around the country to pursue new work opportunities, as a tighter labor market and changing family ties make people less willing to uproot their lives for a job.

from WSJ.com: US Business https://ift.tt/2L5DFwH
via IFTTT

Canada's Auto Capital Caught in Crossfire of Trade Dispute

In Windsor, Ontario, angst is rising that the border town’s ties to the U.S. auto industry, already strained by steel tariffs, could soon be ruptured by President Trump’s threatened tariffs on Canadian-made cars.

from WSJ.com: US Business https://ift.tt/2PmOnSv
via IFTTT

Sears CEO Puts His Board on the Spot

For years Edward Lampert has called the shots at Sears as its chief executive, largest shareholder and biggest lender. But his latest play to keep the struggling chain afloat is out of his hands.

from WSJ.com: US Business https://ift.tt/2N0Jr4r
via IFTTT

Samsung's Galaxy Note 9 Is Crazy Powerful. Can You Handle It?

The Samsung Galaxy Note 9 does more than any other smartphone—and does it all well—but it’s pretty hard to figure it all out.

from WSJ.com: US Business https://ift.tt/2PmOf5t
via IFTTT

Saturday, August 18, 2018

Beer Giants Tap Into Africa With Brews Under $1

As drinkers in Europe and the U.S. turn away from beer in favor of spirits and nonalcoholic beverages, Africa’s importance to brewers is growing.

from WSJ.com: US Business https://ift.tt/2MydNy3
via IFTTT

Paramount Network Finds a Hit in 'Yellowstone'

“Yellowstone,” starring Kevin Costner, has found a sizable audience with both male and female viewers, something the network attributes to its family dynamic and its setting in the American West.

from WSJ.com: US Business https://ift.tt/2N0Ahom
via IFTTT

Retailer House of Fraser Locked Down in Logistics Standoff

XPO Logistics has halted operations at two distribution centers as the U.K. chain cancels orders while big brands are owed millions.

from WSJ.com: US Business https://ift.tt/2nMQ1Ak
via IFTTT

The Game Has Changed at Tesla

An SEC investigation means Tesla’s precarious cash situation could become critical in the coming months.

from WSJ.com: US Business https://ift.tt/2OKVZND
via IFTTT

What Your Car Knows About You

Auto makers can now collect large amounts of data from internet-connected vehicles, from location to driving habits.

from WSJ.com: US Business https://ift.tt/2nOGPvC
via IFTTT

Purdue Pharma Hires Davis Polk for Restructuring Help

OxyContin maker Purdue Pharma has hired restructuring lawyers at Davis Polk & Wardwell as it grapples with mounting litigation over its alleged role in fueling the opioid epidemic.

from WSJ.com: US Business https://ift.tt/2OKJd1K
via IFTTT

Martin Shkreli's Former Lawyer Sentenced to 18 Months in Prison

Evan Greebel, a former corporate lawyer found guilty last year for helping “Pharma Bro” Martin Shkreli defraud a publicly traded pharmaceutical company, was sentenced to 18 months in prison.

from WSJ.com: US Business https://ift.tt/2MoHiDd
via IFTTT

When Digital Platforms Become Censors

Facebook, Twitter, YouTube and other tech giants say that they’re open forums. What happens when they start to shut down voices they consider beyond the pale?

from WSJ.com: US Business https://ift.tt/2OKIIEU
via IFTTT

Late to the Driverless Revolution

America’s car industry dismissed the potential of autonomous driving for years as tech companies plunged ahead. Now Detroit is racing to catch up.

from WSJ.com: US Business https://ift.tt/2MmXYv3
via IFTTT

Friday, August 17, 2018

U.S. and China Plot Road Map to Resolve Their Trade Dispute

Chinese and U.S. negotiators are drawing up a road map for talks to end their trade impasse culminating with meetings between President Trump and Xi Jinping in November.

from WSJ.com: US Business https://ift.tt/2L2p0lI
via IFTTT

How Ergodan's Push for Endless Growth Brought Turkey to the Brink

The president set policy that let his nation gorge on foreign loans, granting his wish of a brawny economic expansion. Now it is paying the price. The economic turmoil shows how hard it is for countries to emulate China’s model of authoritarian capitalism.

from WSJ.com: US Business https://ift.tt/2L2DWjF
via IFTTT

U.S. Consumer Sentiment Soured in August

U.S. consumer sentiment slid in August to its lowest level in nearly a year, as consumers registered concern about rising prices.

from WSJ.com: US Business https://ift.tt/2KWEHuN
via IFTTT

U.S. Leading Economic Indicators Rose in July

The Conference Board Leading Economic Index rose in July, with unemployment claims, the financial components and the ISM new orders index making the largest positive contributions.

from WSJ.com: US Business https://ift.tt/2vQCVXr
via IFTTT

Trump Directs SEC to Study Six-Month Earnings Reporting

President Trump said he had asked the Securities and Exchange Commission to study moving financial reporting for publicly traded companies to a six-month schedule rather than the current quarterly system.

from WSJ.com: US Business https://ift.tt/2BjAgdJ
via IFTTT

Trade Fears Throw Future of U.S. Natural Gas Into Question

As trade disputes continue, the promising U.S.-China energy relationship is compromised.

from WSJ.com: US Business https://ift.tt/2vQ47FH
via IFTTT

Deere Considers Cost Cuts, Higher Prices

Deere reported strong demand in its construction and farming markets in the latest quarter but said it would cut costs and raise prices due to higher raw material and logistics expenses.

from WSJ.com: US Business https://ift.tt/2MjT4iq
via IFTTT

Nordstrom Deserves Better

Nordstrom has been bucking the doom-and-gloom sentiment in the retail sector for some time. Success in both luxury and discount speaks to Nordstrom’s strength, which investors aren’t giving it enough credit for.

from WSJ.com: US Business https://ift.tt/2MUdN8C
via IFTTT

Get in Line: Backlog for Big Rigs Stretches to 2019

With freight demand red-hot, truck manufacturers expect to break records for orders this year, and deliveries will reach deep into next year.

from WSJ.com: US Business https://ift.tt/2MUOqn6
via IFTTT

Foxconn to Build Semiconductor Plant in China's Pearl River Delta

Foxconn will work with the Chinese city of Zhuhai to build a semiconductor plant.

from WSJ.com: US Business https://ift.tt/2nKov6B
via IFTTT

Maersk to Spin Off Drilling Unit as Break Up Moves Forward

A.P. Moeller-Maersk said it will seek a separate listing of its drilling unit next year, aiming to generate cash proceeds of around $1.2 billion, as the Danish freight carrier continues to reshape itself into a global supply chain player.

from WSJ.com: US Business https://ift.tt/2MRQ4WB
via IFTTT

Are We in the Last Days of Diesel?

The 2018 Range Rover HSE Td6 may already be doomed. As diesel sales free-fall and European cities ban diesel vehicles, Dan Neil wonders what’s next for the world’s polluting dinosaurs.

from WSJ.com: US Business https://ift.tt/2MRm39f
via IFTTT

Thursday, August 16, 2018

SEC Probes Tesla Over Model 3 Production Disclosures

Securities regulators began investigating last year whether Tesla Inc. misled investors about its Model 3 car production problems, according to a person familiar with the matter.

from WSJ.com: US Business https://ift.tt/2MsYLK4
via IFTTT

Google CEO Tells Employees Company Isn't Close to Launching Search Engine in China

Google Chief Executive Officer Sundar Pichai told employees that the internet giant is “not close to launching a search product in China” and is carefully considering how it will do business in the country, according to a person briefed on the comments.

from WSJ.com: US Business https://ift.tt/2KZ3P46
via IFTTT

DoorDash More Than Doubles Valuation to $4 Billion

DoorDash Inc. said it raised $250 million in a round of funding that values the prepared food-delivery startup at $4 billion, more than doubling its valuation for the second time in five months.

from WSJ.com: US Business https://ift.tt/2nLe96E
via IFTTT

Reorganization of Bankrupt Applebee's Franchisee Could Include Existing Owner

Acon Investments, the buyout firm that owns a bankrupt Applebee’s franchisee, wants to recapitalize the restaurant operator while also leaving the door open for a new bidder to emerge in the chapter 11 proceedings, a lawyer for the franchisee said.

from WSJ.com: US Business https://ift.tt/2MSg4kK
via IFTTT

Nvidia's Crypto Business Dries Up, Worrying Investors

Nvidia reported robust sales and profits during its second quarter, but warned that revenue from products geared toward cryptocurrency mining would be sharply weaker than expected.

from WSJ.com: US Business https://ift.tt/2Pbl4SW
via IFTTT

Youth Unemployment Hits 52-Year Low

The unemployment rate among young Americans fell to its lowest level in more than 50 years this summer, though the share of young people looking for work remained well below its peak in 1989.

from WSJ.com: US Business https://ift.tt/2wa8uut
via IFTTT

FDA Approves Teva's Generic Version of EpiPen Injector

The Food and Drug Administration approved the first generic version from a rival company of Mylan’s EpiPen injector device for life-threatening allergic reactions

from WSJ.com: US Business https://ift.tt/2PfYsAP
via IFTTT

Model 3's Profitability May Be Fleeting, UBS Report Says

Tesla is making a profit of more than $3,000 on each sale of the current low-price version of its Model 3 sedan, UBS estimates, but would lose nearly twice that amount if the vehicle sells at a long-promised price of $35,000.

from WSJ.com: US Business https://ift.tt/2Bj19Pe
via IFTTT

As Oscars Get Rewrite, Many Pan the Changes

The Academy of Motion Picture Arts & Sciences faces sharp criticism over a plan to overhaul the Oscars telecast and add a category for “popular film.”

from WSJ.com: US Business https://ift.tt/2Pd57vA
via IFTTT

Google Outgrows Its Youthful Ideals

In middle age, the search giant’s motto has gone from ‘Don’t be evil’ to something more like ‘Get real.’

from WSJ.com: US Business https://ift.tt/2Bj1EsA
via IFTTT

Netflix Signs Up 'Black-ish' Creator Kenya Barris

Netflix said it has signed writer and producer Kenya Barris, creator of ABC’s “black-ish,” to an exclusive multiyear deal, the latest addition to its star-studded lineup of creative talent.

from WSJ.com: US Business https://ift.tt/2MmRjAK
via IFTTT

Flight-Simulator Enthusiasts Confident of Real-World Skills

Virtual-flight hobbyists are in the spotlight after a man who stole an aircraft last week near Seattle said he learned to fly with “videogames.’’

from WSJ.com: US Business https://ift.tt/2OJFPUV
via IFTTT

Judge Rejects Large Parts of FTC Suit Against DirecTV

A federal judge rejected large parts of a nearly $4 billion government lawsuit alleging satellite-TV giant DirecTV engaged in deceptive advertising.

from WSJ.com: US Business https://ift.tt/2PfhuXW
via IFTTT

J.C. Penney Lowers Earnings Outlook as Sales Fall

J.C. Penney Co. lowered its full year earnings outlook after the retailer reported a wider loss and lower sales.

from WSJ.com: US Business https://ift.tt/2Bj0XQ0
via IFTTT

Hershey CFO to Retire in 2019

Hershey’s finance chief Patricia Little is leaving the candy maker at a time of rising costs and changing consumer tastes toward healthier snacks.

from WSJ.com: US Business https://ift.tt/2MnHnr2
via IFTTT

Trump Says He Is in 'No Rush' to Renegotiate Nafta

President Trump said that negotiations have stalled over his attempt to rewrite the North American Free Trade Agreement and that he is no longer in a hurry to overhaul the pact.

from WSJ.com: US Business https://ift.tt/2OKIM7N
via IFTTT

U.S. Jobless Claims Fell Last Week

The number of Americans filing applications for new unemployment benefits fell last week, continuing to hover near historic lows.

from WSJ.com: US Business https://ift.tt/2OJ5zRl
via IFTTT

U.S. Housing Starts Bounced Back in July

U.S. housing starts rebounded in July, with single-family construction and apartment building picking up from a sharp drop in June.

from WSJ.com: US Business https://ift.tt/2KXT6Xv
via IFTTT

U.S., China to Resume Trade Talks as Tariffs Bite

Washington and Beijing reached a modest breakthrough in their standoff over trade, saying they would hold lower-level talks later this month on the spiraling dispute.

from WSJ.com: US Business https://ift.tt/2KX7fEw
via IFTTT

Walmart Rides Strong Consumer Spending to Faster Sales Growth

Walmart said sales rose at the fastest rate in over a decade as the world’s largest retailer continues to draw more people to stores and benefit from strong consumer spending.

from WSJ.com: US Business https://ift.tt/2vP9iWq
via IFTTT

Starboard Seeks Five Board Seats at Symantec

Activist investor Starboard Value LP has taken a position in the cybersecurity company and privately nominated five directors to its 11-person board in July.

from WSJ.com: US Business https://ift.tt/2BgjAE5
via IFTTT

Good Isn't Good Enough at Macy's

The department store has solid earnings and raises guidance, but that isn’t enough for investors after a big stock run.

from WSJ.com: US Business https://ift.tt/2Pcoa9n
via IFTTT