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

Avis Uses 'Poison Pill' to Block Longtime Investor

Avis Budget Group Inc. took an unusual step Monday to block its biggest shareholder from potentially increasing its sway over the company, a year after giving the investor a board seat.

Yahoo Sees Verizon Deal Taking Longer Than Expected

Yahoo, subject of two huge data breaches that have cast a shadow over its deal with Verizon Communications Inc., pushed back its expected closing date for the transaction, citing “work required to meet closing conditions.”

Trump Withdraws U.S. From Pacific Trade Deal

President Trump formally pulled the U.S. out of the Trans-Pacific Partnership, the 12-nation trade agreement negotiated by Barack Obama and championed by businesses but that fell out of favor in both political parties.

Warby Parker to Open 25 Stores This Year

Warby Parker plans to open at least 25 retail locations this year, a rare brick-and-mortar expansion amid store closures at several chains.

Federal Judge Blocks Aetna-Humana Merger on Antitrust Grounds

A federal judge Monday blocked the proposed merger of health insurers Aetna and Humana on antitrust grounds, a potentially fatal legal blow to the $34 billion deal.

Auto Industry's No. 1 Preoccupation: Trump

New president’s tweets put Big Three car makers on the defensive about their commitment to U.S. jobs and investment. Their response shows the extent to which companies are factoring Mr. Trump’s criticism into their decision-making.

United Tech Glitch Caused a Dozen Cancellations and 250 Delays

United Continental Holdings Inc., which grounded its domestic fleet for two and half hours Sunday evening due to a problem with the technology that sends pilots in the cockpit messages they need to start a flight, said the problem was fixed around 9 p.m. ET on Sunday.

Trump Promises 'Very Major' Border Tax on Outsourcing Companies

President Donald Trump said Monday that the U.S. will impose a “very major” border tax on companies that move overseas as he sharpens his focus on recasting America’s international trade relations.

President Donald Trump Makes Revised Trade Deals an Early Priority

President Trump is taking immediate steps to reorder U.S. economic alliances in his first days in office, setting up meetings with leaders from Mexico and Canada on North American affairs and hosting U.K. Prime Minister Theresa May this Friday.

Hugo Barra Leaves Xiaomi

Xiaomi Corp. Vice President Hugo Barra said he will leave the company in February and return to Silicon Valley, after signing on in 2013 to build the smartphone maker into an international force.

McDonald's Same-Store Sales Soft in U.S., but Still Strong Globally

McDonald’s posted better-than-expected global same-store sales in the latest quarter, but its results in the U.S. declined as enthusiasm for its all-day breakfast options leveled off.

Sprint to Buy 33% of Jay Z's Tidal Music Service

Sprint Corp. will buy one-third of Tidal, the streaming-music service run by rap mogul Jay Z, the latest content deal secured by a network provider.

Yahoo Earnings: What to Watch

Yahoo Inc. is scheduled to announce its fourth-quarter earnings after the market closes Monday. Investors are waiting to see how the latest hacking disclosure will affect Yahoo’s user trends.

AMC to Buy Nordic Cinema

Theater operator AMC Entertainment has reached a deal to buy Stockholm-based Nordic Cinema for $929 million, the latest move by AMC to broaden its reach in the U.S. and Europe.

Trump's Attacks on Outsourcing Put Companies on Guard

Leaders of companies with production and IT operations in countries like India, China and the Philippines worry they will come under scrutiny from Donald Trump, and some are exploring alternatives.

Luxury Brands Struggle to Steer Iranians Away From Knockoffs

Iranians love high fashion, but luxury companies planning to tap Persian appetite for designer clothes and bags are facing stiff competition from their very own brands—albeit fake ones.

Foxconn Considers $7 Billion Investment to Build U.S. Factory

Foxconn founder Terry Gou says the Taiwan company is looking for incentives to build a flat-panel screen factory in the U.S.

United Airlines Says Flight Problem Resolved

United Continental Holdings Inc. had a computer issue Sunday evening that caused it to ask the Federal Aviation Administration to put into effect a “ground stop” for its arriving and departing flights.

Samsung Blames Galaxy Note Overheating on Problems at Suppliers

The South Korean smartphone giant says manufacturing and battery design problems at two suppliers led to the recall of 2.5 million devices.

Why Samsung's Battery Fix Gets a Grade C, For Now

After its two Note 7 recalls, Samsung’s work on re-establishing trust with consumers and bringing changes to the industry is still incomplete, write Geoffrey A. Fowler and Joanna Stern.

Yahoo Faces SEC Probe Over Data Breaches

U.S. authorities are investigating whether Yahoo’s two massive data breaches should have been reported sooner to investors, according to people familiar with the matter.

After Trump's Health-Law Directive, a Dash to Decode It

WALL STREET JOURNAL - US. BUSINESS NEWS - Sun, 01/22/2017 - 23:39
Lawmakers, insurers and the health-care industry rushed over the weekend to decipher the full meaning and consequences of President Trump’s executive order urging agency heads to do whatever they can to unwind some provisions of the Affordable Care Act.

Technology's Long-Term Toll on the Middle Class

WALL STREET JOURNAL - US. BUSINESS NEWS - Sun, 01/22/2017 - 19:03
Keywords: The ‘fourth industrial revolution,’ marked by rapid innovation in automation, artificial intelligence and other areas, will cause income inequality. But tech can also solve it, writes Christopher Mims.

Global Uncertainty Gets Brushed Off in the U.S. and Europe

WALL STREET JOURNAL - US. BUSINESS NEWS - Sun, 01/22/2017 - 18:36
Consumers and businesses in the U.S. and Europe appear undaunted by the prospect of profound political change on both sides of the Atlantic and may even be encouraged by it.

Retrial of Former Dewey Leaders to Start

WALL STREET JOURNAL - US. BUSINESS NEWS - Sun, 01/22/2017 - 13:30
A new trial is slated to begin Monday in a financial fraud case brought against defunct New York law firm Dewey & LeBoeuf’s executives, a year and a half after an earlier attempt to place criminal blame on the one-time leaders ended in a mistrial.

Trump on Trade: Peace Through Strength

WALL STREET JOURNAL - US. BUSINESS NEWS - Sun, 01/22/2017 - 13:28
While Donald Trump’s inaugural address echoed the same nationalist themes that carried him to victory in November, he and his advisers have emanated a subtler message in other forums, writes Greg Ip.

Donald Trump's Inauguration Brings in Over 30 Million Viewers

WALL STREET JOURNAL - US. BUSINESS NEWS - Sun, 01/22/2017 - 02:31
An audience of 30.6 million people tuned in to watch Donald Trump’s inauguration as president, falling short of 37.8 million who watched Barack Obama’s first swearing in eight years ago, according to Nielsen.

A+E Networks Chief Tests Limits in Bid to Revive Channels' Fortunes

WALL STREET JOURNAL - US. BUSINESS NEWS - Sat, 01/21/2017 - 15:00
A+E Networks, run by CEO Nancy Dubuc, is a prime example of a mid-tier cable company under pressure to revamp its brands to survive an age of slimmer television channel bundles and on-demand streaming services.

Trump Administration Portends Numerous Changes in Space Policies

WALL STREET JOURNAL - US. BUSINESS NEWS - Sat, 01/21/2017 - 03:32
President Donald Trump and his senior advisers are signaling potentially big shifts in both military and civilian space policies, and the first move could come by Monday.

Retailers Turn to Silicon Valley to Lure Customers

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/20/2017 - 23:03
In the age of Amazon.com, other retailers are scrambling to find a way to keep consumers shopping on their sites and in stores. The trick? Personalization, via data and tech.

Apple Sues Qualcomm Over Licensing Practices

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/20/2017 - 22:44
Apple is suing Qualcomm alleging it demanded onerous terms for its technology and that it sought to punish Apple for cooperating in a Korean regulatory probe into Qualcomm’s licensing practices.

Wal-Mart Starts Layoffs at Headquarters

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/20/2017 - 22:28
Wal-Mart Stores was following through Friday on plans to cut nearly 1,000 corporate jobs.

Tesla Boosts Range of All-Electric Model S to 335 Miles

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/20/2017 - 22:12
Tesla Motors has extended the battery range for a new version of the Model S sedan to 335 miles on a charge, furthering the Silicon Valley auto maker’s lead in the all-electric car race.

'Hidden Figures' Adds Up to a Hollywood Success Story

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/20/2017 - 16:01
The PG-rated, mid-budget drama featuring three African-American women as a trio of brilliant NASA workers during the age of the Space Race and Jim Crow has garnered attention in Hollywood because of its continuing box-office triumphs.

SEC Questions Herbalife Over China Anti-Corruption Efforts

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/20/2017 - 15:55
Herbalife said Friday that the Securities and Exchange Commission is investigating its anticorruption efforts in China.

Samsung Investigation Blames Battery Size for Galaxy Note 7 Fires

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/20/2017 - 15:50
An investigation into the cause of faulty batteries that led Samsung Electronics to pull all of its Galaxy Note 7 smartphones last year found that some batteries were irregularly sized, causing overheating, while others had manufacturing problems.

Ford Sees Remeasurement Loss of About $3 Billion

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/20/2017 - 14:27
Ford Motor Co. said it plans to take a $3 billion pre-tax charge against its fourth-quarter earnings related to its pension and retiree-benefit plans, following a change in its pension accounting the company made a year ago.

Heineken in Talks to Buy Kirin's Brazil Assets

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/20/2017 - 13:55
Heineken is in talks with Japan’s Kirin Holdings to acquire its struggling beer operations in Brazil, a move that could strengthen the Dutch brewer in one of the world’s largest beer markets.

Schlumberger Posts Another Loss

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/20/2017 - 13:46
Schlumberger posted a loss in its latest quarter on lower revenue, but the company said energy prices and production were both poised to increase.

Procter & Gamble's Earnings Jump

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/20/2017 - 13:43
Procter & Gamble said sales in its latest quarter fell slightly from a year ago, offering the first glimpse at the consumer-products giant’s operations since it shed the bulk of its beauty business. Net income rose to $7.88 billion.

GE Revenue Slips, Dragged Down by Oil Woes

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/20/2017 - 13:01
General Electric said revenue declined 2% in the latest quarter as the industrial giant’s energy business remained pressured. The revenue drop was more than expected.

McDonald's Turns Up Heat in Russia

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/20/2017 - 12:26
McDonald’s is advancing into new territories such as Siberia and encountering familiar rivals such as KFC and Burger King, which built scores of restaurants in the past few years.

U.S. Oil Producers Ramp Up Spending

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/20/2017 - 12:26
U.S. oil producers, optimistic that higher crude prices are here to stay, have issued 2017 budgets that call for dramatically greater spending to tap new wells.

Brenda Barnes's Best Career Move: Quitting a Great Job

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/20/2017 - 12:15
Quitting her job at PepsiCo made Brenda Barnes famous. It also turned out to be a brilliant career move. After serving on corporate boards, which broadened her skills, she returned to the spotlight as president and later CEO of Sara Lee. Ms. Barnes died Jan. 17 at 63.

Brenda Barnes's Advice to Her Children

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/20/2017 - 11:30
Former Sara Lee CEO Brenda Barnes, who died Tuesday at age 63, became a symbol of the hard choices women make between work and family. After suffering a stroke in 2010, she sent the following letter to her children, entitled “Ten lessons from your momma.”

Yellen Sticks to Steady Outlook on Rates

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/20/2017 - 02:00
Federal Reserve Chairwoman Janet Yellen said she doesn’t see the U.S. economy at risk of overheating and doesn’t expect growth to pick up much soon, comments suggesting the central bank is sticking to its plan of raising interest rates cautiously in the months ahead.

SIG Sauer Wins Huge Army Handgun Deal

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/20/2017 - 01:00
The Pentagon said Thursday that SIG Sauer had won a $580 million contract to supply the U.S. Army with new handguns, ending a long-running contest that had attracted fierce criticism from a senior military chief.

Paramount Pictures Gets a $1 Billion Infusion from China

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/20/2017 - 00:25
A $1 billion financing deal with two Chinese firms promises Viacom Inc.’s struggling Paramount Pictures some much-needed funds and a foothold in the world’s second-largest box-office market.

Netflix Strategies Fuel Soaring Stock Price

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 01/20/2017 - 00:22
Netflix’s global expansion and ramp up of its streaming-operations has resulted in its share price hitting an all-time high on Thursday. Shares closed at $138.41 after the company posted strong fourth-quarter results Wednesday.

Uber to Pay $20 Million to Settle FTC Charges

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 23:40
Uber Technologies agreed Thursday to pay $20 million to resolve Federal Trade Commission allegations that it misled drivers about potential earnings and vehicle financing.

The Trump Factor in Job Pledges: Analyzing the Numbers

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 23:13
A dozen major companies have touted the creation of about 130,000 U.S. jobs since Donald Trump was elected president, vowing to keep jobs in America. How many of those come from Mr. Trump’s pressure and how many were already planned is harder to determine.

IBM Revenue Declines Again

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 22:41
IBM notched its 19th consecutive quarter of falling revenue, year on year, as it struggles to offset declines in older businesses with sales in younger ones that are growing at a rapid clip.

Mnuchin Defends Investments in Senate Confirmation Hearing

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 21:46
Treasury secretary nominee Steven Mnuchin fended off mostly Democratic criticism of his investment strategies, including those linked to the foreclosure crisis and hedge-fund operations, and outlined a range of policy views.

Rival to EpiPen Allergy Treatment to Return to Market

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 21:26
The maker of an EpiPen rival said its emergency allergy treatment would return to the market on Feb. 14, adding more competition to the market for the costly products.

Mall Closures Ripple Through Small Town America

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 21:22
Sears and Macy’s closures at an Ohio mall are a double hit for the mall and a former steel town being swept up in a wave of retail flight across the U.S.

Avaya Files for Chapter 11 Bankruptcy Protection

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 20:12
Communications company Avaya Inc. filed for chapter 11 bankruptcy protection Thursday as the company extended its decadelong string of annual losses.

Economic Tests Await Trump

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 19:45
President-elect Donald Trump inherits an economy in much stronger shape than at either of the past two inaugurations, but major questions loom over how he can boost productivity and deliver on his growth promises.

Julia Haywood Leaves United Airlines

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 19:32
Julia Haywood, a Boston Consulting Group airline partner who was hired by United Continental Holdings Inc. last summer as its new chief commercial officer, has left the airline to return to the consulting firm, United said Thursday.

U.S. Regulators to Close Tesla Autopilot Probe

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 17:59
U.S. highway safety regulators are near closing a probe of Tesla’s Autopilot system without seeking a recall or other action against the Silicon Valley auto maker, said people familiar with the matter, after a six-month investigation failed to uncover a defect in the semi-automated technology in use during a fatal crash last year.

CSX Investors Cheered by Former Rail Rival's Sudden Switch

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 17:21
Railroad veteran Hunter Harrison tried twice to take over rival CSX Corp. and failed. But investors cheered Thursday the idea of letting him run CSX himself.

FTC's Qualcomm Suit Exposes Tensions in Smartphone Industry

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 16:33
The FTC’s lawsuit against Qualcomm is part of an escalating international regulatory battle that has laid bare tensions between the dominant maker of smartphone chips and some of its biggest customers.

U.K. Will Be Global Trade Leader, May Says

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 15:51
British Prime Minister Theresa May said the U.K. would become a world leader in promoting the merits of globalization, underscoring her vision of an internationalist Britain outside the EU.

Volkswagen's Ex-CEO Denies Prior Knowledge of Emissions Cheating

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 15:43
Martin Winterkorn, Volkswagen’s former chief executive, denied having any personal knowledge of the German car maker’s diesel-emissions cheating in his first major public appearance since the scandal broke in September 2015.

The Most Coveted Ball in Golf Is From Costco

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 15:39
Costco, the warehouse retail giant, began selling golf balls last fall under its Kirkland Signature brand. The balls instantly ranked among the cheapest on the market, but by some accounts, they perform like rivals that sell for more than twice as much.

Indian Firms Fear Curbs on Skilled-Visa Workers Under Trump

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 15:20
President-elect Donald Trump doesn’t take office until Friday, but he is already forcing India’s mammoth $108 billion technology outsourcing industry to rethink hiring practices in the U.S., its largest market.

Student Debt Payback Far Worse Than Believed

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 15:19
An analysis of revised Education Department numbers shows that at more than 1,000 schools, at least half of students defaulted or failed to pay down their debt within seven years.

LinkedIn's Website Is No Longer Terrible

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 15:14
A makeover of LinkedIn’s website makes it easier to read posts and connect with people helpful to your career, writes Joanna Stern.

ECB Keeps Interest Rates, Stimulus Plan Unchanged

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 15:09
European Central Bank President Mario Draghi said policy makers will “look through” a recent pickup in the annual rate of inflation if they’re not convinced it will be sustained.

Mnuchin to Address IndyMac, Tax Policy at Senate Hearing

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 15:07
Investments tied to the foreclosure crisis are shaping up to figure prominently in the confirmation hearing for Steven Mnuchin, Donald Trump’s intended nominee for Treasury secretary.

Google Uses Its Search Engine to Hawk Its Products

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 14:55
A Wall Street Journal analysis found that Google often pushes its growing list of hardware products, from Pixel phones to Nest smart thermostats, in the top ad spot above its search results.

Amazon, Apple End Exclusivity Deals for Audiobooks World-Wide

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 14:50
EU antitrust regulators welcomed a move by Amazon.com to end exclusivity obligations for the supply and distribution of audiobooks with Apple.

German Companies on a Tear in U.S.

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 14:32
German companies are accelerating their expansion in the U.S., undaunted by President-elect Donald Trump’s threats to limit international trade and uncertainty surrounding his future stance on foreign takeovers.

Samsung Heir Felt Pressured by South Korean President, Prosecutors Say

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 13:44
The de facto head of Samsung conglomerate told investigators probing his alleged role in a corruption scandal that South Korean President Park Geun-hye coerced him into contributing funds to entities linked to a friend of hers.

Safran to Buy Zodiac in Deal That Values It at $9 Billion

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 08:16
French aerospace supplier Safran has agreed to buy Zodiac Aerospace in a deal that values the beleaguered French plane cabin interiors specialist at $9 billion

BHP, Vale Agree on Brazil Dam-Failure Settlement Plan

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 08:10
BHP Billiton, Vale and their Brazilian iron-ore joint venture have agreed on a plan with federal prosecutors there for negotiating a settlement of a $47.5 billion civil claim linked to a dam failure that killed 19 people in 2015.

Paul McCartney to U.S. Court: 'Help!'

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 04:55
Paul McCartney is taking Sony Corp.’s music-publishing division to court in an effort to take back his copyrights in Beatles songs he mostly co-wrote with John Lennon.

U.S. Races to Finish Probes, Wring Payouts From Firms

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 03:47
The Obama administration rushed to complete a raft of investigations of big business before relinquishing power, reaching settlements worth around $20 billion in the past week alone with megabanks, auto makers, drug companies and others.

Outgoing Canadian Pacific CEO and Activist Investor to Target CSX

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 02:35
Hunter Harrison, the railroad veteran who announced his early departure from Canadian Pacific Railway, is joining with an activist investor in an attempt to shake up management at rival railroad CSX.

The Government's 11th-Hour Push for Fair Pay

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 01:21
In the waning hours of the Obama administration, the U.S. Labor Department has filed suits against federal contractors Oracle and J.P. Morgan Chase alleging that some employees weren’t paid fairly.

Livio DeSimone, a Former 3M CEO, Dies at 80

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 01:09
Livio DeSimone, a chemical engineer who served as chairman and chief executive of 3M Co. in the 1990s, died Tuesday, the St. Paul, Minn.-based company said. He was 80 years old.

Judge Approves Hanjin Container Terminal Sale

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/19/2017 - 00:24
Hanjin Shipping Co. won U.S. bankruptcy court approval for a hotly contested sale of the shipper’s stake in a Long Beach, Calif., container terminal operator, after a judge overruled objections from a group of U.S. creditors.

Netflix Posts Strong Subscriber Growth

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 01/18/2017 - 23:38
Netflix Inc.’s strong subscriber growth in the latest quarter helped the streaming-video giant cap its best year in subscriber additions with 19 million new members.

Court Denies Arrest Warrant for Samsung Heir Lee Jae-yong

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 01/18/2017 - 23:32
A South Korean court denied an arrest warrant for Lee Jae-yong, the scion of the Samsung conglomerate, for his alleged involvement in a national corruption scandal.

What Gives Money Its Distinctive Smell? One Chemist Tried to Find Out

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 01/18/2017 - 23:18
A German perfume expert, hired by an artist, has bottled the elusive aroma of the U.S. dollar, which has hints of inky cotton, leather wallets, metal cash drawers and hundreds of sweaty palms; ‘crazy complex.’

Yellen Says Nonpartisan Fed Will Focus on the Economy

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 01/18/2017 - 22:53
Federal Reserve Chairwoman Janet Yellen defended the central bank’s mission as a nonpartisan institution devoted to fostering a healthy economy free from short-term political pressures.

Mallinckrodt Settles Antitrust Allegations on Unlawful Drug Monopoly

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 01/18/2017 - 22:40
Irish drugmaker Mallinckrodt and a U.S. subsidiary will pay $100 million and agree to other conditions to settle government antitrust allegations they unlawfully prevented competition for Acthar, a drug that has seen enormous price spikes in recent years.

U.S. Sues Oracle, Alleging Salary and Hiring Discrimination

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 01/18/2017 - 22:25
The Labor Department sued Oracle, alleging the technology company routinely pays its white male workers more than their counterparts in the same positions.

Google Agrees to Buy Twitter Unit Called Fabric

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 01/18/2017 - 19:50
Alphabet Inc.’s Google agreed to acquire Fabric, a unit from Twitter that runs a tool for developers to make mobile apps.

Financial Crisis, Regulatory Agenda Shaped Obama's Economic Legacy

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 01/18/2017 - 19:26
President Barack Obama took office in the middle of a financial crisis with Corporate America hemorrhaging jobs. He leaves with stocks near record highs and 75 straight months of job creation. Yet his economic legacy is marred by a long run of slow wage growth, low worker productivity and the slowest economic expansion in post-World War II history.

Baidu CEO Gets Management Help

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 01/18/2017 - 19:16
China Circuit columnist Li Yuan says Baidu’s CEO is getting management help with a new president, Qi Lu, a former Microsoft executive.

SEC Fines GM $1 Million for Accounting Control Failures

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 01/18/2017 - 18:16
General Motors Co. agreed to pay a $1 million penalty to settle charges from U.S. securities regulators that the Detroit auto giant failed to alert its accountants to a defective ignition switch in a timely manner.

On Economy, Obama Wanted More Change Than Americans Did

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 01/18/2017 - 18:14
President Barack Obama pushed through a more complete safety net and a more redistributive tax code, but his efforts to remake finance, technology, energy and labor markets are in doubt, writes Greg Ip.

Commerce Secretary Nominee Wilbur Ross Takes on China in Hearing

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 01/18/2017 - 17:45
Wilbur Ross, the billionaire investor tapped by President-elect Donald Trump to serve as his commerce secretary, on Wednesday took the incoming administration’s tough-on-China trade talk to Capitol Hill.

FCC Sees Muted Demand at TV Airwaves Auction

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 01/18/2017 - 16:55
The U.S. government’s plan to buy the licenses of local television stations to clear the airwaves for cellular use hasn’t turned out to be the bonanza that some had hoped.

Mystery Fungus Sparks NIH Crisis, Imperiling Trials, Patients and Its Boss

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 01/18/2017 - 16:48
Crisis response at the National Institutes of Health has prompted lab closures and has triggered delays in treatment. Its chief, noted geneticist Francis Collins, who serves at the pleasure of the president, is in the hot seat.

American Air Unveils Basic Economy Fares

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 01/18/2017 - 15:57
American Airlines Group served up its cheaper economy-cabin product, saying the fares will go on sale Feb. 10 on 10 routes and expand “in line with customer interest.”

U.S. Industrial Production Rose 0.8% in December

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 01/18/2017 - 15:24
U.S. industrial output rose at the fastest pace in more than two years in December as activity surged at utilities and manufacturers inched ahead.

Bertelsmann Looks to Seize Moment as Big Publishing Stake Hits Market

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 01/18/2017 - 15:23
German media company Bertelsmann has long wanted to own all of giant book-publishing joint venture Penguin Random House, and the woes of partner Pearson now give it a chance.

Target Issues Profit Warning on Disappointing Holiday Sales

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 01/18/2017 - 14:58
Target posted softer-than-expected comparable sales during the holiday season and cut its guidance for the fourth quarter and year, the latest retailer to post a disappointing end to 2016.

U.S. Consumer Prices Up 2.1% in December from Year Earlier

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 01/18/2017 - 14:35
Americans experienced annual inflation above 2% in December for the first time since mid-2014, a trend that reflects rising gasoline prices and steady consumer demand.

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