AT&T Breaks Up Turner, Bulks Up Warner Bros. in Major Overhaul

AT&T started reorganizing its WarnerMedia unit by combining its disparate networks and entertainment businesses, an overhaul that is expected to lead to cost-cutting and layoffs.

from WSJ.com: US Business https://ift.tt/2SG5QWx
via IFTTT

Nevada Is the Jackpot of Barrick's Push for Newmont

Barrick Gold’s bid to acquire rival gold producer Newmont Mining centers on a plan to combine portfolios and operations in the state of Nevada.

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

Salesforce Raises Its Full-Year Sales Outlook as Profit Rises

Salesforce on Monday reported a stronger profit for the latest period and presented a bullish view on sales growth, targeting $26 billion to $28 billion in revenue by fiscal 2023.

from WSJ.com: US Business https://ift.tt/2SG5Qpv
via IFTTT

The $2,000 Bendable Phone: Hold 'Em or Fold 'Em?

At the mobile-phone industry’s premier trade show, two of the world’s three biggest makers lavishly displayed what they hope will be the smartphone of the future. The question is, will anyone buy it?

from WSJ.com: US Business https://ift.tt/2XG9qnB
via IFTTT

Purdue Pharma Preparing Possible Bankruptcy Filing

Purdue Pharma is working with advisers on a possible bankruptcy filing as it seeks to contain liability from suits alleging it fueled the U.S. opioid epidemic.

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

U.S. Push on Food Trade Pressures EU

U.S. and European trade negotiators, under growing domestic pressure over agriculture, are set to meet again this week as clashing demands threaten to rekindle a tit-for-tat economic war.

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

U.S., China Close In on Trade Deal

China and the U.S. are close to completing a trade deal, with Beijing offering to lower tariffs and other restrictions on American farm, chemical, auto and other products and Washington considering removing most, if not all, sanctions levied against Chinese products since last year.

from WSJ.com: US Business https://ift.tt/2SG5OOp
via IFTTT

Investors Scale Back Inflation Bets, Signaling Doubts About Growth

Bets on a pickup in inflation are falling out of favor, underscoring investors’ skepticism that the U.S. economy will be able to turn stronger after a soft start to the year.

from WSJ.com: US Business https://ift.tt/2XCT5A0
via IFTTT

High-Speed Rail in the U.S. Remains Elusive: Illinois Shows Why

A $2 billion Chicago-St. Louis project will offer a top speed of just 110 mph and shave an hour off the trip. Few people are expected to use it. One problem: having to share the track with freight railroads.

from WSJ.com: US Business https://ift.tt/2SG5MGh
via IFTTT

After an Auditor Flunked Brazil Dam, Vale Found Another Who Passed It

Vale, the owner of a mine-waste dam that collapsed this year, killing more than 180 people, dismissed an auditor that refused to certify the dam as safe in September, according to an initial probe by police and prosecutors.

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

Cheniere Deal With China Signals Country's Key Role in LNG Exports

Cheniere Energy’s expected $18 billion deal to supply natural gas to China signals the company’s growing bet on the country, and China’s emergence as a top market for U.S. gas exporters.

from WSJ.com: US Business https://ift.tt/2SJQ9xv
via IFTTT

Philip Morris Cuts Profit Forecast After Canada Court Ruling

Philip Morris International Inc. cut its profit outlook for the year and expects lower pretax earnings in the first quarter after a subsidiary and other tobacco companies lost a major legal appeal in Canada.

from WSJ.com: US Business https://ift.tt/2XCT7rC
via IFTTT

Disney Cuts Compensation for Iger in Fox Deal

Disney tweaked Robert Iger’s pay package, removing $13.5 million in potential salary and incentive awards available for the CEO after the company closes its acquisition of Fox assets.

from WSJ.com: US Business https://ift.tt/2SG5Ky9
via IFTTT

Facebook Sues Chinese Companies for Creating Fake Accounts

Facebook and Instagram sued four companies and three people based in China for creating and selling fake accounts, likes and followers, according to a posting on the social media giant’s website.

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

Ted Baker CEO Resigns After Misconduct Probe

Ray Kelvin, the founder and chief executive of British fashion retailer Ted Baker, has resigned with immediate effect following an investigation into his alleged misconduct.

from WSJ.com: US Business https://ift.tt/2SJi1lo
via IFTTT

Venezuelan Opposition Seeks U.S. Court's Help Protecting Citgo

Venezuela’s U.S.-backed opposition leaders asked a federal appeals court to refrain from carving up the country’s foreign assets, saying their loss would hurt the chances of political change in Caracas.

from WSJ.com: US Business https://ift.tt/2XAB2KA
via IFTTT

Grocers Brace for Another Blow From Amazon

Competition from Amazon.com has pushed grocers to focus on home delivery and lower prices. Now it is taking aim at supermarkets’ high-profit products: those found in the beauty aisle.

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

Tesla Is Betting It Can Sell Cars Online, Without a Test Drive

Tesla CEO Elon Musk’s latest strategic shift will be one of his biggest challenges: persuading mainstream consumers to purchase cars online the way they buy books or clothes.

from WSJ.com: US Business https://ift.tt/2C5g9xU
via IFTTT

Owners of Instant Pot, Corelle to Merge

Instant Brands, the maker of the popular Instant Pot, is merging with Corelle Brands, which makes houseware mainstays such as Corelle, Pyrex, CorningWare and SnapWare, in a combination their owners hope will be a recipe for success.

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

Shale Companies, Adding Ever More Wells, Threaten Future of U.S. Oil Boom

Newer wells drilled close to older wells are generally pumping less oil and gas and could permanently hurt output, leading frackers to cut back on the number of sites planned and forecasts on overall production to be trimmed.

from WSJ.com: US Business https://ift.tt/2C5g90S
via IFTTT

Vale Top Executives Step Aside After Request From Authorities in Dam Case

Vale Chief Executive Fabio Schvartsman and other top executives of the Brazilian mining giant stepped down following pressure from authorities in the first sign investigators are zeroing in on the company’s leadership after the deadly collapse of one of its dams.

from WSJ.com: US Business https://ift.tt/2UeO9za
via IFTTT

Trump's Effort to Narrow the Trade Gap Has Flopped So Far

On Wednesday, the Census Bureau will likely report the U.S. last year registered the largest trade deficit in its history. How that happened is a lesson in the economics of imbalances.

from WSJ.com: US Business https://ift.tt/2C5g7WO
via IFTTT

Galaxy S10 Review: Samsung Finally Gets Everything Right

Samsung has long made good hardware, and the Galaxy S10 is its best yet. But for the first time, the company also nailed the software.

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

AT&T Plans to Revamp CNN's Digital Arm

John Stankey, the AT&T executive at the helm of newly-acquired WarnerMedia, is planning to revamp CNN’s digital operation, which he believes requires more investment in product development and data analytics.

from WSJ.com: US Business https://ift.tt/2C5g6SK
via IFTTT

Weapon Makers Declare War on Drones

Arms makers are targeting the growing menace of drones at airports and on battlefields with a rush to develop new missile systems, radar jammers and laser cannons.

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

SpaceX Crew Capsule, With a Dummy Astronaut, Docks With Space Station

A new-generation SpaceX capsule autonomously docked with the international space station on Sunday, in a successful test of computers and maneuvering systems deemed essential to carry U.S. astronauts on future missions.

from WSJ.com: US Business https://ift.tt/2C5PGk2
via IFTTT

Cellphone Carriers Dream of World Without Wi-Fi

Cheap and constantly improving, Wi-Fi networks have grown to near ubiquity. But some telecom executives hope customers will eventually drop “rubbish” Wi-Fi in favor of new 5G cellular technology, which they say could drive more data and revenue onto their networks.

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

A Storm Is Gathering Over Container Shipping

The hulking megaships that serve the world’s biggest trade routes look more than ever like monuments to brash corporate planning and projections built more out of hopes than reality.

from WSJ.com: US Business https://ift.tt/2C5g4dA
via IFTTT

SpaceX Capsule Lifts Offfor Long-Delayed Test Flight

Elon Musk’s SpaceX successfully launched a Crew Dragon capsule on its maiden voyage into orbit without people on board, but technical challenges could delay for months the first trip carrying astronauts.

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

Vale Could Face $7 Billion Fine in Wake of Dam Collapse

Brazilian mining giant Vale could face a close to $7 billion fine if convicted of colluding with safety auditors to hide unsafe conditions at the dam that collapsed and killed more than 180 people near Brumadinho.

from WSJ.com: US Business https://ift.tt/2SEES1q
via IFTTT

Amazon to Launch New Grocery Chain

Amazon is planning to open dozens of grocery stores in several major U.S. cities as the retail giant looks to broaden its reach in the food business and touch more aspects of consumers’ lives.

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

Lyft's IPO Filing Offers Look at Size, Scope of Ride-Hailing Company

Lyft made its IPO documentation public, a move that fires the starting gun on what’s expected to be one of the biggest years for tech IPOs ever.

from WSJ.com: US Business https://ift.tt/2IInol5
via IFTTT

For AT&T, No More Fiefdoms at HBO and Turner

AT&T closed on its $80 billion-plus acquisition of Time Warner last June, but the real takeover is beginning now. The telecommunications giant is expected within days to officially break down the corporate walls and fiefdoms that have long been a way of life at Time Warner’s HBO, Turner and Warner Bros. units.

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

GE CEO Letters Decoded: Shrinking Ambitions, Disappearing Buzzwords

Larry Culp’s first shareholder letter as GE’s CEO was brief, reflecting changes in the company, which can only afford to pay a token dividend and is breaking itself apart.

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

Inside the Hottest Job Market in Half a Century

All sorts of people who have previously had trouble landing a job are now finding work. A look at who’s getting ahead, who could be left behind and how long the boom can last.

from WSJ.com: US Business https://ift.tt/2TmeCh4
via IFTTT

How Do You Stack Up in Today's Job Market?

Put in your info to see if you’re one of the many workers benefiting from a strong U.S. labor market.

from WSJ.com: US Business https://ift.tt/2IVpA9k
via IFTTT

Personal Income Cooled in January

Income softened in January, driven by a sharp dive in both dividend and proprietors’ income that reverted an outsize jump in December income.

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

Inflation Fell Below Fed Target in 2018

Inflation fell short of the Federal Reserve’s 2% target in 2018 for a seventh consecutive year, though a closely watched measure of underlying price pressures gained traction in December.

from WSJ.com: US Business https://ift.tt/2IMQhg3
via IFTTT

Congress Faces Fall Deadline to Address Debt Ceiling

The clock starts ticking this weekend for Congress to reach a deal to raise the federal borrowing limit, or debt ceiling, before the government runs out of money to pay its bills sometime this fall.

from WSJ.com: US Business https://ift.tt/2TsZH4s
via IFTTT

Five Takeaways From Powell's Congressional Testimony

Federal Reserve Chairman Jerome Powell completed two days of testimony on Capitol Hill this week. Here are five things learned from the exchanges with lawmakers.

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

Sheldon Adelson Is Being Treated for Cancer

Sheldon Adelson, a billionaire casino magnate, is being treated for cancer but remains at the helm of the casino empire he founded some three decades ago, his company said on Friday.

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

Caesars to Replace Three Directors in Deal With Icahn

Caesars Entertainment agreed to replace three members of its board as part of a pact with activist investor Carl Icahn, who is pushing to sell or merge the casino and resort operator.

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

Foot Locker Posts Strong Sales

Foot Locker reported strong sales for its latest quarter, helped by customers’ willingness to shell out more for sneakers.

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

Subaru Recalls Cars to Fix Glitch Possibly Caused by Fabric Softener

Subaru plans to recall as many as 2.3 million vehicles globally to fix a defect caused by chemicals released by everyday products like fabric softener or car polish.

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

Canada Allows Extradition of Huawei Executive to Proceed

Canada said the U.S. had presented enough evidence to proceed with the extradition hearing for a Huawei Technologies top executive, clearing the way for a case at the center of tensions between the U.S., China and Canada.

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

EBay Plans Strategic Review of Assets

EBay will review its operations and assets and add two directors, with a third new member to be added later in 2019, as part of agreements with affiliates of activist investors Elliott Management and Starboard Value.

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