THE WALL STREET JOURNAL -With the latest US business news:

Former Sara Lee CEO Brenda Barnes Dies at 63

One of the highest-ranking women in corporate America, she became a symbol of the choices women face juggling work and family life.

Second Theranos Lab Failed U.S. Inspection

Theranos failed a second major U.S. regulatory inspection of its laboratory facilities, people familiar with the situation said, a setback the Silicon Valley blood-testing firm hasn’t disclosed to investors or patients.

Trump Election Gives Private Prisons a Boost

The private prison industry, which has faced tough government scrutiny, a declining inmate population and a drawdown of federal contracts, is seeing a reversal in its fortunes due to the election of Donald Trump.

TVA Board Vacancies Raise Possibility of Coal Shift

President-elect Donald Trump is poised to bring in new leadership to the Tennessee Valley Authority, prompting concerns that the nation’s largest public power company could be in for a strategy shift about its coal use.

Eyeballs Are No Longer Enough for Netflix

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 01/17/2017 - 23:42
Netflix should be able to meet subscriber targets, but investors may start demanding profits.

Trump Comments Signal Shift in Approach to U.S. Dollar

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 01/17/2017 - 23:01
By talking down the value of the U.S. dollar, President-elect Donald Trump is potentially veering away from more than two decades of strong-dollar precedent.

Federal Trade Commission Files Antitrust Lawsuit Against Qualcomm

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 01/17/2017 - 22:48
The Federal Trade Commission sued Qualcomm, alleging the chip maker engaged in unlawful tactics to maintain its monopoly on a semiconductor device used in cellphones.

The Best Ways to Manage a Demanding Boss

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 01/17/2017 - 22:37
Don’t ignore—or meekly accept—the requests of demanding supervisors. Negotiate a solution.

Brexit Split Has Auto Makers Especially Vulnerable

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 01/17/2017 - 21:58
Many global auto industry executives fear that breaking off Britain’s access to Europe’s common tariff and customs regime, as Prime Minister Theresa May announced Tuesday, will increase uncertainty and new costs for importers and exporters.

Bayer Will Keep Monsanto Jobs in U.S., Trump Team Says

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 01/17/2017 - 19:55
Bayer AG will maintain Monsanto Co.’s entire U.S. workforce after the German chemicals giant’s planned acquisition of the U.S. agrochemical group, a spokesman for President-elect Trump said Tuesday.

Businesses Push Trump to Salvage Pacific Trade Pact

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 01/17/2017 - 18:32
Business and agricultural groups are lobbying Trump transition officials to rework and even rename a Pacific trade deal that would knit together the U.S. and Asian countries, despite Mr. Trump’s plan to scrap the agreement.

Exxon Mobil Expands Permian Basin Footprint

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 01/17/2017 - 18:29
Exxon Mobil is the latest company to expand in Texas’ red-hot Permian basin, announcing a deal Tuesday to buy companies owned by the Bass family for $5.6 billion in stock and up to $1 billion in additional payments.

Trump, Boeing CEO Discuss Air Force One Requirements

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 01/17/2017 - 18:27
Boeing Chief Executive Dennis Muilenburg said after a meeting with President-elect Donald Trump that they discussed simplifying the requirements for the new planes that would serve as Air Force One.

Trump Is 'Last Great Hope for Globalism,' Adviser Says in Davos

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 01/17/2017 - 17:58
Trump adviser Anthony Scaramucci said the president-elect would renegotiate America’s relationship with NATO and its trade relationship with China, in hopes of benefiting the American middle class.

Three New Predictions for Automation and Jobs

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 01/17/2017 - 17:40
Despite claims that robots are coming for our jobs, only 5% of all occupations are at risk of being entirely automated, according to a new report from the McKinsey Global Institute.

Mattel Names New CEO, Picking Google's Giorgiadis

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 01/17/2017 - 17:11
Mattel Inc. named Google executive Margaret Georgiadis as its next chief executive, bringing an outsider to replace Christopher Sinclair atop the biggest U.S. toy company.

Investors Try to Tap Into the Next Craigslist, Regardless of Earnings

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 01/17/2017 - 16:33
The two leading contenders offering app-based classified listings, Letgo and OfferUp, have raised some $300 million in the past six months, despite generating virtually zero revenue.

Women Make Gains Toward Winning CEO Job

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 01/17/2017 - 16:29
Women represent the strongest internal contenders for the corner office at a small but growing number of major U.S. companies. Their ultimate success could produce an unprecedented number of female chief executives.

Hyundai Motor Plans to Invest $3.1 Billion in U.S. Plants

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 01/17/2017 - 12:01
The South Korean auto maker said it would spend up to $3.1 billion over five years on research and development and was considering a new plant in the U.S.

Wal-Mart to Create 10,000 U.S. Jobs in Nod to Trump

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 01/17/2017 - 11:47
America’s largest retailer said it plans to create about 10,000 U.S. jobs this year, touting job growth in the country ahead of Donald Trump’s inauguration.

BAT Agrees to Pay $49 Billion for Full Control of Reynolds

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 01/17/2017 - 09:13
British American Tobacco and Reynolds American said they had agreed to a sweetened offer of $49.4 billion from BAT for the 57.8% of Reynolds that it doesn’t already own.

Pulling Retirement Cash, but Not by Choice

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 01/17/2017 - 03:38
Baby boomers’ mandatory withdrawals from 401(k)s, IRAs and other tax-deferred retirement accounts start in full force this year. The obligatory outflows are expected to ripple through the U.S. economy, the stock market and a money-management industry.

Trump Warns on House GOP Tax Plan

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 01/17/2017 - 01:47
Donald Trump criticized a cornerstone of House Republicans’ corporate-tax plan, which they had pitched as an alternative to his proposed import tariffs, creating another point of contention between the incoming president and congressional allies.

GM Plans at Least $1 Billion in Fresh U.S. Investment

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 01/17/2017 - 01:27
General Motors this week will announce plans to invest at least $1 billion across several U.S. factories, two people familiar with the plan said.

UnitedHealth Earnings: What to Watch

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 01/17/2017 - 00:05
UnitedHealth Grouop Inc. is scheduled to announce its fourth-quarter earnings before the market opens Tuesday.

A Delicate Balancing Act: Rewarding Voters While Preserving Growth

WALL STREET JOURNAL - US. BUSINESS NEWS - Mon, 01/16/2017 - 21:59
Will antiestablishment leaders, once in power, reward the people and regions that backed them at the expense of more dynamic regions and industries, hobbling economic growth?

'Hidden Figures' Keeps No. 1 Spot at Box Office as Newcomers Fail

WALL STREET JOURNAL - US. BUSINESS NEWS - Mon, 01/16/2017 - 20:19
The first box-office bombs of 2017 have landed. Four new releases -- Jamie Foxx’s “Sleepless,” Ben Affleck’s “Live by Night,” Martin Scorsese’s “Silence” and the children’s movie “Monster Trucks” -- all failed to register with moviegoers. “Hidden Figures” held its top spot with an estimated $26 million in the U.S. and Canada over the four-day weekend.

In Snap IPO, New Investors to Get Zero Votes While Founders Keep Control

WALL STREET JOURNAL - US. BUSINESS NEWS - Mon, 01/16/2017 - 20:07
Snapchat messaging app creators Evan Spiegel and Bobby Murphy are expected to retain more than 70% of voting power in the company; pre-IPO investors get less-powerful voting shares

Trump Explains Why He Twists Business's Arms

WALL STREET JOURNAL - US. BUSINESS NEWS - Mon, 01/16/2017 - 19:45
In a Wall Street Journal interview, Donald Trump explains that his strong-arming of businesses, a departure from traditional conservative beliefs, is designed to set a tone for other companies, Gerald F. Seib writes.

Appointment of Trump's Economic Policy Team Faces Delays

WALL STREET JOURNAL - US. BUSINESS NEWS - Mon, 01/16/2017 - 19:10
Several of Donald Trump’s top economic policy jobs may go unfilled for days or even weeks after he is sworn in, potentially slowing his pursuit of an ambitious domestic policy agenda.

Rolls-Royce to Pay $810 Million to Settle Bribery Case

WALL STREET JOURNAL - US. BUSINESS NEWS - Mon, 01/16/2017 - 19:00
Rolls-Royce Holdings PLC said Monday it will pay a total of around £671 million ($810 million) to law enforcement authorities in the U.S., U.K. and Brazil to settle bribery and corruption allegations.

Lenovo Thought It Knew How to Fix Tarnished Brands---Then It Bought Motorola

WALL STREET JOURNAL - US. BUSINESS NEWS - Mon, 01/16/2017 - 18:12
Success with a deal for IBM personal computers led China’s Lenovo to underestimate the difficulty of reviving smartphone company Motorola Mobility. “We underestimated the differences of the culture and the business model,” says the CEO.

Another Big Splash by Italy's Eyewear King

WALL STREET JOURNAL - US. BUSINESS NEWS - Mon, 01/16/2017 - 17:15
Leonardo Del Vecchio, the 81-year-old founder of Luxottica, has spent a career making head-turning deals. His company’s merger with Essilor to create a $49 billion eyewear giant fits the bill.

Pursuit of Samsung Heir Challenges Korea's Business Culture

WALL STREET JOURNAL - US. BUSINESS NEWS - Mon, 01/16/2017 - 16:40
Prosecutors’ decision to seek the arrest of Samsung Group heir Lee Jae-yong threatens to knock one of the world’s biggest companies off course—and, represents a significant challenge to South Korea’s large, family-run companies.

For Shale Drillers, Rising Oil Prices Come With Rising Costs

WALL STREET JOURNAL - US. BUSINESS NEWS - Mon, 01/16/2017 - 16:05
U.S. shale drillers that proved resilient during the oil downturn face a new test in 2017: Can they make money producing more now that prices have stabilized?

Online Consignment Shops Clean Up After the Holidays

WALL STREET JOURNAL - US. BUSINESS NEWS - Mon, 01/16/2017 - 15:45
Secondhand retailers like Swap.com say the volume of merchandise they handle is growing rapidly.

IMF Upgrades U.S. Growth Forecast

WALL STREET JOURNAL - US. BUSINESS NEWS - Mon, 01/16/2017 - 15:04
The International Monetary Fund on Monday bumped up its economic growth forecasts for the U.S., saying output could grow nearly a half-percentage point faster than previously thought over this year and next, thanks to President-elect Donald Trump’s plans to cut taxes and boost infrastructure spending.

Trump Comments Hit Shares in German Car Companies

WALL STREET JOURNAL - US. BUSINESS NEWS - Mon, 01/16/2017 - 14:12
Shares in German auto companies tumbled  after the U.S. President-elect singled out BMW, Daimler and Volkswagen, threatening to impose a 35% import tariff on their exports from Mexican plants to the U.S.

Fed Officials See Less Need for Government Stimulus

WALL STREET JOURNAL - US. BUSINESS NEWS - Mon, 01/16/2017 - 14:00
Federal Reserve officials increasingly say they don’t see a need for stimulative government tax and spending programs to boost short-term economic growth, reversing their stance during and after the Great Recession.

Companies Examine Moving Production to U.S. Ahead of Tax Code Overhaul

WALL STREET JOURNAL - US. BUSINESS NEWS - Mon, 01/16/2017 - 14:00
Companies are increasingly exploring the economics of moving production to the U.S., as an overhaul of the U.S. tax code looms and President-elect Donald Trump calls out their peers for expanding abroad.

China Requires Registration of Apps, Tightening Oversight

WALL STREET JOURNAL - US. BUSINESS NEWS - Mon, 01/16/2017 - 13:42
Plugging a gap in the Great Firewall, Beijing has begun requiring the country’s hundreds of internet app stores to register with the state.

Nintendo to Gamers: Try Staring at Each Other, Not the Screen

WALL STREET JOURNAL - US. BUSINESS NEWS - Mon, 01/16/2017 - 12:31
Nintendo started as a playing-card maker and that is where it found inspiration for a feature of its new Switch console: games where two players look straight at each other, not at a screen.

Buying an NBA Jersey in a Store Is About to Get More Expensive

WALL STREET JOURNAL - US. BUSINESS NEWS - Mon, 01/16/2017 - 12:03
The National Basketball Association will cease distributing its lowest-priced jerseys to sporting-goods chains beginning next season, the latest shift as sportswear makers aim to sell directly to consumers.

China Kia Dealers Seek Auto Maker's Help as Inventories Grow

WALL STREET JOURNAL - US. BUSINESS NEWS - Mon, 01/16/2017 - 11:40
More than 100 Kia Motors dealers in China are seeking $343 million in compensation from the auto maker and a slowdown in shipments as they grapple with high inventories.

Central Banks Drop Their Bazookas

WALL STREET JOURNAL - US. BUSINESS NEWS - Mon, 01/16/2017 - 11:00
A range of forces—including political blowback, whiffs of inflation, stirrings of fiscal stimulus and worries that the policies themselves may backfire—are pressing central-bank chiefs to push short-term interest rates no lower.

South Korean Prosecutors Seek to Arrest Samsung Heir

WALL STREET JOURNAL - US. BUSINESS NEWS - Mon, 01/16/2017 - 09:59
South Korean prosecutors sought an arrest warrant for Samsung heir Lee Jae-yong on allegations including bribery and embezzlement, ensnaring him in a scandal that has already led to the impeachment of President Park Geun-hye.

Vietnam Opens Door Wider to Foreign Investors With Planned Power Sale

WALL STREET JOURNAL - US. BUSINESS NEWS - Mon, 01/16/2017 - 09:47
The government in Hanoi is looking to sell a significant stake in PetroVietnam Power Corp., the latest effort by the Communist nation to open up its economy.

France's Essilor to Merge With Italy's Luxottica to Create Eyewear Giant

WALL STREET JOURNAL - US. BUSINESS NEWS - Mon, 01/16/2017 - 08:26
French optical lens maker Essilor said it would merge with Italian maker of eyewear frames Luxottica, creating a world giant. The combined market value of both companies was $49 billion.

How Electric Vehicles Could End Car Ownership as We Know It

WALL STREET JOURNAL - US. BUSINESS NEWS - Sun, 01/15/2017 - 16:55
Prepare for a Cambrian explosion of electric vehicles—scooters and other “rideables” that will speed up the adoption of self-driving technology and turn transportation into a service, Christopher Mims says.

Trial Reveals Pitfalls of Whistleblower Claims From In-House Lawyers

WALL STREET JOURNAL - US. BUSINESS NEWS - Sun, 01/15/2017 - 15:00
Sanford Wadler, the former general counsel of Bio-Rad Laboratories, will be using sensitive material from the life sciences research company to support his case in a wrongful-termination lawsuit.

Wanda Group, Owned by China's Richest Man, Suffers Rare Off Year

WALL STREET JOURNAL - US. BUSINESS NEWS - Sun, 01/15/2017 - 12:50
Billionaire Wang Jianlin’s property-to-entertainment conglomerate reported its first revenue decline in at least six years, citing a softening commercial-property market.

SpaceX Launches Rocket With 10 Iridium Satellites

WALL STREET JOURNAL - US. BUSINESS NEWS - Sat, 01/14/2017 - 19:13
Space Exploration Technologies Corp. blasted a rocket with 10 commercial satellites into space Saturday, rebounding from a catastrophic accident more than four months ago that stunned the aerospace industry.

To Win Back Customers, Fashion House Fendi Thinks Small

WALL STREET JOURNAL - US. BUSINESS NEWS - Sat, 01/14/2017 - 13:08
The Rome-based house has regained its buzz with new products such as straps, pompoms and bag charms geared toward shoppers tired of cookie-cutter accessories.

Takata Executives Criminally Charged in U.S. Probe of Faulty Air Bags

WALL STREET JOURNAL - US. BUSINESS NEWS - Sat, 01/14/2017 - 00:45
A federal grand jury indicted three Takata executives, charging them with providing auto makers with misleading test reports on rupture-prone air bags.

Macy's Lays Off Chief Growth Officer

WALL STREET JOURNAL - US. BUSINESS NEWS - Sat, 01/14/2017 - 00:34
Macy’s Inc., a company in search of growth, is losing its chief growth officer. Peter Sachse, who has held the post for about a year, will be leaving as part of the broader layoffs announced by the retailer last week.

SpaceX Data Show Extent of Financial Hit From Explosions

WALL STREET JOURNAL - US. BUSINESS NEWS - Sat, 01/14/2017 - 00:26
Internal documents show SpaceX’s bottom line is vulnerable when things go awry and that the aerospace firm sees revenue from its planned satellite-internet business eventually helping finance Mars missions.

EPA Emissions Probe Tilts Odds Against CEO's Goals for Fiat Chrysler

WALL STREET JOURNAL - US. BUSINESS NEWS - Sat, 01/14/2017 - 00:09
Sergio Marchionne’s hopes of leading the car maker back to financial health seem increasingly remote, as the company faces accusations and the potential of billions of dollars in fines.

Chilean Company to Pay $30.5 Million to Resolve Foreign-Bribery Charges

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/13/2017 - 23:06
Sociedad Química y Minera de ChileSA will pay $30.5 million and enter into a deferred prosecution agreement to resolve civil and criminal matters.

EPA Locks in Tougher Fuel-Economy Rules

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/13/2017 - 22:48
Environmental regulators issued a final decision Friday to keep intact tougher fuel-economy standards, rushing to lock in one of President Barack Obama’s signature climate policies.

Sale of Container Terminal Takes Center Stage in Hanjin Bankruptcy

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/13/2017 - 22:33
The sale of the operator of a Long Beach, Calif., container terminal has provoked stiff opposition from Hanjin Shipping Co.’s U.S. creditors, many of whom say the deal is designed to bypass them.

Wal-Mart Shuffles Executive Ranks, Blending Web and Store Duties

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/13/2017 - 22:16
Wal-Mart Stores Inc. is shuffling its leadership ranks five months after buying Jet.com Inc., giving several top executives responsibility for both online and in-store operations.

Supreme Court to Weigh How Soon Firms Can Sell Copycat Biotech Drugs

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/13/2017 - 21:52
The Supreme Court agreed to consider a dispute between Novartis and Amgen that could determine how soon cheaper, copycat versions of biotechnology drugs can be sold to consumers.

Teen Retailer Wet Seal Explores Liquidation

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/13/2017 - 21:14
A little over a year after emerging from bankruptcy protection, teen retailer Wet Seal LLC is exploring a liquidation or going-concern sale, among other options, according to people familiar with the matter.

Lockheed Martin 'Close' To New F-35 Deal

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/13/2017 - 21:05
Lockheed Martin Corp. Chief Executive Marillyn Hewson said Friday the company was close to reaching a deal on the next batch of F-35 combat jets, remarks that followed another meeting with President-elect Donald Trump.

Cars, Gasoline Lifted U.S. Retail Sales 0.6% in December

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/13/2017 - 14:35
Americans boosted spending on cars and gasoline in December, causing overall retail sales to climb quickly despite consumer cutbacks in other areas.

EU Presses Italy to Respond on Fiat Chrysler Emissions

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/13/2017 - 13:37
U.S. allegations that Fiat Chrysler Automobiles cheated on diesel emissions spilled over to Europe on Friday, with European Union authorities pressing Italy to respond to German accusations of cheating against the Italian-American car maker.

U.S. Seizes $25 Million of Aluminum Linked to Chinese Billionaire

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/13/2017 - 12:23
U.S. customs officials have seized $25 million worth of aluminum linked to a Chinese billionaire accused of stockpiling the metal across the world, according to people familiar with the matter.

India's SpiceJet to Buy Up to 205 Boeing Jets

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/13/2017 - 12:22
SpiceJet plans to buy 100 additional jets from Boeing, potentially ordering up to 205 planes as the Indian carrier seeks to ride the world’s fastest-growing major market for commercial aviation.

Nintendo Looks to Switch Fortunes With Hybrid Game Console

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/13/2017 - 12:17
The launch of Nintendo’s new console begins a make-or-break period for a company that defined videogame hardware for three decades but now faces tougher competition.

Samsung Heir Meets Prosecutors: 22 Hours of Questioning and a $5 Lunch

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/13/2017 - 12:03
The heir to South Korea’s biggest business empire emerged from a marathon grilling by prosecutors after 22 hours of questioning, a $5 lunchbox and a bowl of noodles.

Renault Under Investigation in France Over Emissions

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/13/2017 - 11:59
French prosecutors said they have opened an investigation into Renault on suspicion of emissions fraud and assigned three judges to the case.

Space-Based Flight Tracking Comes Closer With Launch of Satellites

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/13/2017 - 11:55
Ten Iridium Communications satellites, set to go into orbit Saturday, are ushering in a new chapter in air-traffic control—which the U.S. aviation industry plans to sit out for now.

Volkswagen Executive to Remain in Custody

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/13/2017 - 02:54
A federal judge on Thursday ruled that Oliver Schmidt, one of the six Volkswagen AG executives charged in the company’s emissions-cheating scandal, will remain in custody without bond ahead of trial in Michigan.

Lawsuit Settled Between Casino Magnate Sheldon Adelson, WSJ Reporter

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/13/2017 - 01:05
The Wall Street Journal said a libel lawsuit brought by casino magnate Sheldon Adelson against one of its reporters has been settled. The suit stemmed from a 2012 article that described Mr. Adelson as “foul-mouthed.”

Officials Planned to Prioritize Debt Payments in 2011 Budget Standoff

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/12/2017 - 23:41
Federal Reserve and Treasury Department officials in August 2011 had privately formalized a plan to make on-time payments on Treasury debt and delay paying other government bills if Congress and the White House failed to reach an agreement to raise the federal borrowing limit.

Lowe's to Cut Thousands of Store Workers, Shuffle Jobs

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/12/2017 - 22:57
Lowe’s Cos. is cutting thousands of workers and shuffling the jobs of thousands more, according to people familiar with the matter, as the home-improvement retailer tries to adapt to shifting shopping habits.

U.S. Government Ran $27.52 Billion Budget Deficit in December

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/12/2017 - 20:14
The U.S. budget deficit widened last month compared with a year earlier, and forecasters anticipate a growing mismatch between government spending and revenues in the coming years.

Takata to Plead Guilty to Criminal Wrongdoing

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/12/2017 - 19:30
Takata plans to pay $1 billion to resolve a U.S. criminal probe of its rupture-prone air bags. The company could plead guilty as early as Friday to criminal wrongdoing.

Tata Group Names Chandrasekaran as Chairman

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/12/2017 - 19:00
India’s Tata Group chose a new chairman Thursday. Tata Sons Ltd., the holding company that controls the group, said it will appoint Natarajan Chandrasekaran.

American Apparel Lines Up Buyer for California Plant

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/12/2017 - 18:56
American Apparel has lined up a buyer for one of its Southern California manufacturing plants, a deal which could potentially save more than 330 jobs, a lawyer for American Apparel said Thursday.

McDonald's, Slow to Industry Trends, Cooks Up Changes

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/12/2017 - 18:37
McDonald’s Corp. is in the business of selling food quickly, but it has been slow to many industry trends, including transferring ownership of its restaurants to independent operators—an easy way to derive stable revenue.

Cigna Drops EpiPen Coverage for Generic

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/12/2017 - 18:23
Cigna has dropped coverage of Mylan’s EpiPen and switched to its generic alternative, following public outrage over sharp price increases for the lifesaving drug.

Container Cargo Imports Surged at End of 2016

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/12/2017 - 18:08
Container cargo imports surged during the final weeks of 2016, as retailers reported strong holiday spending and stocked up on inventory heading into the new year.

Hess to Up Investment in Shale Oil, Will Take Hefty Charge

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/12/2017 - 17:50
Hess Corp. said its capital and exploratory budget will grow by 18% in 2017 compared with last year as it dives deeper into the oil patch, following similar moves from other shale drillers that have made investors wary.

EPA Accuses Fiat Chrysler of Diesel-Emissions Violations

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/12/2017 - 17:16
The Environmental Protection Agency has accused Fiat Chrysler of diesel-emissions violations, saying the auto maker allegedly used software on recent diesel-powered Jeep Grand Cherokee and Dodge Ram trucks.

China's Haier Group Focuses on Costs at Louisville's Appliance Park

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/12/2017 - 17:07
A year after China’s Haier Group bought one of one of GE’s most storied businesses, it remains determined to cut costs at a Louisville appliance-manufacturing complex.

AT&T Chief Meets With Trump About Time Warner Deal

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/12/2017 - 16:44
The chairman and chief executive of AT&T visited Trump Tower to meet with a president-elect who has expressed concerns about the company’s proposed purchase of Time Warner.

Arizona Plans to Sue Blood-Testing Company Theranos

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/12/2017 - 16:33
The Arizona Attorney General is planning to sue blood-testing company Theranos, alleging that it defrauded consumers in the state, according to a state bidding document.

Amazon Touts Plans to Create More Jobs in U.S.

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/12/2017 - 16:28
Amazon.com said the online retail giant plans to create more than 100,000 full-time jobs in the U.S. by mid-2018, becoming the latest company to promise job creation during president-elect Donald Trump’s first term.

Mnuchin Has Stake in Fund That Would Gain From Fannie Mae Revival

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/12/2017 - 16:27
Steven Mnuchin, nominated to be the next Treasury secretary, stands to benefit personally from a revival of Fannie Mae and Freddie Mac—a policy he backs—though he has pledged to quit the positions soon after his confirmation.

Lockheed Martin Facing Twin Pressures on F-35 Price

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/12/2017 - 16:23
Lockheed Martin executives were sitting down again with Pentagon officials to thrash out terms for the next multi-billion dollar batch of 90 F-35 combat jets.

Fed Releases Transcripts of 2011 Policy Meetings

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/12/2017 - 16:05
The Federal Reserve on Thursday released the transcripts of its policy meetings in 2011, a year when it held interest rates near zero, let one bond-buying program expire and created a new one in its continuing efforts to boost the modest U.S. economic recovery.

McDonald's Looks to Sell Part of Stake in Japan Business

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/12/2017 - 16:01
McDonald’s is inviting bids for a significant stake in its Japan unit, days after it reached a deal to sell its China and Hong Kong franchises.

WSJ Survey: Economists Split on Timing of Fed's Next Rate Move

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/12/2017 - 16:00
Economists expect the Federal Reserve will raise interest rates three times this year but can’t agree on when those increases will come.

Forecasters See Upside Risks to Their Economic Outlooks

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/12/2017 - 16:00
The election of Donald Trump has economic forecasters thinking hard about something that hasn’t been a problem for a while: upside risks. In a Journal survey, 64% of respondents said the risk was to the upside, the highest in over two years.

U.S. Jobless Claims Rise Modestly to Start Year

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/12/2017 - 14:34
The number of Americans who applied for first-time unemployment benefits rose last week from near a four-decade low, but the figure remains at a level indicating steady job creation.

Delta's Profit Slides

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/12/2017 - 13:29
Delta Air Lines reported sliding profit in the latest quarter amid rising labor costs, but the company said it expects an important industry metric to turn positive in the current quarter.

Apple Sets Its Sights on Hollywood With Plans for Original Content

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/12/2017 - 11:46
Apple is planning to build a significant new business in original television shows and movies, a move that could make it a bigger player in Hollywood and offset slowing sales of iPhones and iPads.

Cartier Owner Richemont's Sales Gain Augurs Well for Luxury Sector

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/12/2017 - 09:50
Shares in Swiss jewelry and watchmaker Richemont jumped after the company said sales during the last three months of 2016 increased 6% from the previous year, offering hope that the battered luxury goods sector may have turned a corner.

Toyota CEO Met U.S. Vice President-Elect in Washington

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/12/2017 - 03:51
Akio Toyoda met with Mike Pence on Tuesday, following criticism from Donald Trump about the company’s Mexican production facilities.

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BEST NEWS OF THE YEAR 2016:

LONDON (Reuters) - A 14-year old girl who died of cancer has been cryogenically frozen in the hope she could be brought back to life in the future after winning a landmark court case shortly before her death, the BBC reported on Friday, 2016-11-18.