WALL STREET JOURNAL - US. BUSINESS NEWS

The Blind Spot in Companies' Financial Reports

WALL STREET JOURNAL - US. BUSINESS NEWS - Sat, 07/21/2018 - 22:32
Some big U.S. multinationals are being partially audited by Chinese accounting firms U.S. regulators can’t check.

Fiat Chrysler to Remove Ailing Marchionne as CEO

WALL STREET JOURNAL - US. BUSINESS NEWS - Sat, 07/21/2018 - 17:51
Fiat Chrysler Automobiles will appoint a new chief executive Saturday in an unexpected move to replace the ailing Sergio Marchionne, who has led the combined company for nearly a decade.

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

WALL STREET JOURNAL - US. BUSINESS NEWS - Sat, 07/21/2018 - 17:08
Hollywood’s longstanding say-anything, do-anything culture is rapidly turning into one where the wrong words can have career-killing consequences.

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

WALL STREET JOURNAL - US. BUSINESS NEWS - Sat, 07/21/2018 - 16:21
Private prison companies are facing legal pressure over work programs at detention centers that pay migrants $1 a day. The companies say the workers are volunteers and the rate was set by Congress.

Mickey Mouse, Meet Homer and the 'Avatar' Crew

WALL STREET JOURNAL - US. BUSINESS NEWS - Sat, 07/21/2018 - 15:43
With its deal to acquire entertainment assets from 21st Century Fox, Disney is close to snaring popular properties including ‘The Simpsons’ and ‘Avatar.’ Here is a look at marquee Fox properties and what Disney might do with them.

U.S. and China Match Whiffs in Trade Battle

WALL STREET JOURNAL - US. BUSINESS NEWS - Sat, 07/21/2018 - 15:15
In the escalating trade fight between the U.S. and China, both sides are targeting plenty of products they don’t actually import from one another.

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

WALL STREET JOURNAL - US. BUSINESS NEWS - Sat, 07/21/2018 - 15:00
The Farnborough International Airshow in England this past week highlighted technology of the near future, including autonomous aircraft and urban flying vehicles that don’t need an airport.

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

WALL STREET JOURNAL - US. BUSINESS NEWS - Sat, 07/21/2018 - 03:41
Family members have long been the backbone of the nation’s long-term care system. But smaller, more far-flung families mean fewer of these unpaid helpers to attend to the rising population of elderly Americans. “Are you really my daughter?”

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

WALL STREET JOURNAL - US. BUSINESS NEWS - Sat, 07/21/2018 - 01:32
Walt Disney Co. Friday severed its relationship with James Gunn, who previously directed two “Guardians of the Galaxy” movies. He was expected to soon start work on a third.

Skechers Shares Fall Amid Higher Costs

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 07/20/2018 - 22:52
Shares at the footwear company fell 21% Friday following a disappointing second-quarter earnings report.

Retailer Brookstone Seeks Bankruptcy Financing

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 07/20/2018 - 22:24
Brookstone, the specialty retailer, is shopping for bankruptcy financing to fund its business while under chapter 11 protection.

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

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 07/20/2018 - 21:36
Senate and House negotiators removed from a must-pass defense bill a legislative attempt to undo President Trump’s deal with Beijing to save Chinese telecommunications giant ZTE.

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

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 07/20/2018 - 20:54
For the first time in six years, the portion of U.S. workers offered health insurance through their employer has risen, a sign a tighter labor market is prompting businesses to offer more generous benefits.

Global Oil Industry Prepares for a Revival

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 07/20/2018 - 20:15
Oil producers are ordering more equipment and lining up drilling rigs for later this year, according to top industry executives, indications that international activity is picking up.

Bayer to Stop Selling Essure in U.S.

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 07/20/2018 - 20:08
Bayer AG will stop selling its Essure birth-control device in the U.S. after this year due to declining sales, the company said Friday.

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

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 07/20/2018 - 19:33
Chinese president wrapped up three-day meeting in U.A.E with flurry of business agreements, bolstering economic ties with a key ally of Saudi Arabia, just as Beijing is emerging as a critical partner for an increasingly isolated Iran.

Esterline Technologies Exploring Potential Sale

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 07/20/2018 - 19:08
Aerospace-parts maker Esterline Technologies Corp. is exploring a potential sale, according to people familiar with the matter.

State Street to Buy Charles River Systems for $2.6 Billion

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 07/20/2018 - 19:03
State Street agreed to buy financial-data firm Charles River Systems for $2.6 billion, showing it is serious about its transformation from sleepy custodian to tech-savvy data manager.

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

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 07/20/2018 - 19:01
Facebook said it was suspending an analytics firm while it investigates whether that firm’s government contracts violate the social-media giant’s policies on how its public data is collected and shared.

Trump's Emerging Economic Policy: Picking Winners and Losers

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 07/20/2018 - 17:35
The president’s unorthodox approach to economic policy could harm some U.S. industries with tariffs, but it also includes concrete plans to maintain America’s technological edge.

Japan Legalizes Casino Gambling

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 07/20/2018 - 15:20
Japan legalized casino gambling and cleared the way for three casino resorts, giving companies such as Las Vegas Sands and MGM Resorts International their first chance to open in the country.

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

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 07/20/2018 - 15:18
Facebook’s WhatsApp messaging service is making it harder for users to forward content after the spread of rumors on the app led to mob violence and the killing of more than 20 people in India.

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

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 07/20/2018 - 14:49
Platform Specialty Products has agreed to sell its agricultural solutions business to UPL for $4.2 billion in cash.

Sen. Orrin Hatch Urges President to Rethink Trade Policies

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 07/20/2018 - 14:31
Senate Finance Committee Chairman Orrin Hatch is ratcheting up pressure on President Donald Trump to reconsider his tariff policies, warning that GOP senators may be ready to risk a legislative confrontation.

Trump's Fed Outburst: All Downside, No Upside

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 07/20/2018 - 14:22
In a presidency that has seen almost every institution consumed by division and controversy, the Federal Reserve is a shining exception, but Donald Trump’s lengthy riff on interest rates risks tainting that.

Hedge Fund Titan Paulson Takes on Tiny Toronto Gold Miner

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 07/20/2018 - 14:00
John Paulson made his name betting against the U.S. housing market and taking on American International Group Inc. Now his hedge fund is zeroing in on a small Toronto-based gold miner.

L.A. Company Wins China Hyperloop Deal

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 07/20/2018 - 13:43
A Southern California technology company has clinched a deal to build China’s first hyperloop, a ground-transport system that can potentially achieve supersonic speeds.

GE's Profit Falls as Power Division Remains a Drag

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 07/20/2018 - 13:43
General Electric’s second-quarter profit dropped 30% as the company’s power division continued to offset growth in other major units.

Honeywell Increases Sales Guidance Despite Posting Lower Profit

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 07/20/2018 - 13:40
Honeywell raised its financial guidance for the year as sales rose in its latest quarter, even as profit fell.

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

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 07/20/2018 - 13:19
President Donald Trump said he is ready to impose tariffs on $500 billion in imports from China, an amount roughly equivalent to China’s total exports to the U.S.

China Shakes Up Telecom Leadership Ahead of 5G Rollout

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 07/20/2018 - 13:13
China’s Communist Party is making leadership changes in the top ranks of the state-owned telecommunications giants ahead of the country’s widely anticipated rollout of next-generation wireless networks.

Paramount Fires President of TV Unit Over Remarks

WALL STREET JOURNAL - US. BUSINESS NEWS - Fri, 07/20/2018 - 04:34
The president of Viacom Inc.’s Paramount Television unit was fired Thursday for inappropriate remarks.

Google Faces Uphill Battle in Appealing EU Android Fine

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 23:59
Google has a tough task appealing its $5 billion fine from the European Union, but the challenge isn’t insurmountable.

Merck to Limit Drug-Price Increases, Cut Some Prices

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 23:57
Merck & Co. said Thursday it will cut U.S. list prices for several of its drugs including the hepatitis C treatment Zepatier, and the company pledged to limit future net price increases.

Microsoft's Cloud Continues to Fuel Growth

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 23:34
Microsoft’s revenue from server products and cloud services grew 26% in the fiscal fourth quarter as both revenue and earnings beat expectations.

Alcoa Shares Drop as Tariff Impacts Add Up

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 22:16
Alcoa said it would continue to import aluminum from Canada even as new tariffs make the metal more expensive.

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

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 21:11
As a kid, you could never get your grubby hands on all those toys. But now as the He-Man (or Woman) of the house, you have the power. How to begin? Matthew Kitchen playfully answers 10 burning questions about collectible playthings

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

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 20:43
Congress is poised to enact the first major changes in a decade to the U.S.’s process for vetting foreign investment following a bruising battle among lawmakers and some of the country’s biggest companies.

Following the Fed, Central Banks Are Ready to Raise Rates

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 19:41
A growing number of the world’s central banks are poised to join the U.S. Federal Reserve in lifting interest rates in coming months amid solid global growth, though those plans could be scrambled by rising trade tensions between the major economies.

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

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 19:17
President Donald Trump said Thursday he hoped the Federal Reserve would stop raising interest rates, delivering an unusual censure of the central bank.

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

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 19:06
Ambassador Terry Branstad, raised on an Iowa farm, is caught in the middle of the trade fight between the U.S. and China, with his home state in Beijing’s crosshairs and his special relationships with Donald Trump and Xi Jinping put to the test.

Not Just Fur: Fashion Houses Scramble to Drop Animal Skins

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 18:28
Luxury brands that have long relied on fur and animal skins to drive sales are scrambling to impose animal-welfare standards on their supply chains.

CNN's Jeff Zucker Taking Leave for Elective Heart Surgery

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 18:09
CNN President Jeff Zucker is taking a six-week leave of absence to have elective heart surgery for a longstanding condition.

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

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 17:20
In one generation, manufacturing districts have flipped from Democratic strongholds to Republican ones. The swing is remaking both parties on issues from trade to social policy—and could shape the midterm elections.

Trump Blasts EU's Fine on Google

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 17:13
President Donald Trump said that the European Union’s $5 billion antitrust fine on Alphabet Inc.’s Google is evidence that the bloc has “taken advantage of the U.S.,” and suggested that change is on the way.

Philip Morris Cuts Sales, Earnings Targets

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 16:39
Philip Morris International Inc. lowered its forecast on earnings and sales as it has faced weaker-than-expected demand for IQOS, its smoke-free electronic-cigarette device in global markets.

Quarles Says Fed Should Consider Publishing Average Financing Rate

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 16:15
The Federal Reserve should consider launching an average financing rate alongside its replacement for the scandal-plagued London interbank offered rate, Fed Vice Chairman Randal Quarles said.

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

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 16:12
Commerce Secretary Wilbur Ross said it is “too early” to say whether the Trump administration will move ahead with proposed tariffs of up to 25% on imported vehicles and auto parts.

Saudi Aramco in Talks to Buy Stake in Petrochemical Firm

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 15:38
Saudi Aramco said it’s in early talks to buy a stake in one of the world’s largest petrochemical companies, an acquisition that would boost the state-run oil giant’s downstream operations.

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

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 15:14
Vermonters Paul and Barbi Schulick sold their vitamin business to Procter & Gamble Co. in 2012. The company went from making roughly $7 million a year to attaining “bleeder-and-weeper” status within P&G, the couple said.

Comcast Drops Bid for Fox Assets, Will Focus on Pursuit of Sky

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 14:57
Comcast Corp. said it was dropping its pursuit for most of 21st Century Fox, ending a bidding war with Walt Disney Co., but said it would continue its pursuit of European pay-TV giant Sky PLC.

U.S. Jobless Claims Hit Lowest Level Since 1969

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 14:34
The number of Americans claiming new unemployment benefits fell last week to the lowest level in nearly five decades.

House GOP Push to Extend Tax Cuts Meets Resistance in Senate

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 14:23
House Republicans are busily preparing “Tax Reform 2.0,” an extension of tax cuts that are set to expire after 2025. So far, their Senate counterparts aren’t interested.

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

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 14:16
Tech investor Masayoshi Son called Japan’s ban on ride-hailing apps such as Uber “stupid,” heightening a clash with government leaders who say the apps are unsafe.

On Amazon, Fake Products Plague Smaller Brands

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 14:09
Amazon has made it easy for small brands to sell their products to large numbers of customers, but that has also enabled some counterfeiters to cut into their business.

Medical Testing Giant LabCorp Hit by Ransomware Attack

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 14:00
The medical-testing giant Laboratory Corp. of America is dealing with a broad cyberattack, people familiar with the matter said, the latest breach to disrupt companies that hold sensitive information.

Gymboree Has a New Look. Moms Aren't Pleased

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 13:30
Children’s clothing retailer Gymboree weathered a bankruptcy filing. Now, it is facing an even tougher battle: persuading moms to like its new look.

Trump to Sign Executive Order on Job Training

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 13:00
President Donald Trump plans to sign an executive order on Thursday aimed at spurring new investments for training current and future American workers to help them secure jobs domestically.

Japan's Kobe Steel Indicted Over Quality Scandal

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 12:55
Kobe Steel faces a fine of up to $2.7 million after being indicted on charges of falsifying quality specifications on products shipped to hundreds of customers—including car makers, airplane makers and nuclear power plants.

The Many Ways Tariffs Affect Car Makers

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 12:06
Auto-industry representatives are expected to argue during a Commerce Department hearing that President Donald Trump’s proposed tariffs on auto imports would costs jobs and increase car prices.

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

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 12:03
Corporate finance chiefs say forming a cohesive and complete assessment of a company from proliferating data streams in an increasingly digital workplace has emerged as a top challenge.

Facebook to Take Down Posts That Could Lead to Violence

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 12:02
In response to attacks on individuals in Sri Lanka and Myanmar, the social-media platform will remove information if posts are flagged by local partners as potentially leading to violence.

Shares in Ad Giants Fall as Publicis Sales Disappoint

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 11:58
Shares in some of the biggest ad companies tumbled after Publicis reported revenue below expectations, heightening investors’ concerns.

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

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 11:40
Partnerships between cities and electric-car startups are springing up all over China, spurred by Beijing’s call for the country to become a world power in electric-vehicle technology and by local governments eager to jump on the bandwagon.

Microsoft Earnings: What to Watch

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 11:30
Microsoft is scheduled to report fiscal fourth-quarter earnings after the market closes Thursday. Here’s what to expect.

Price War Eats Into Unilever Profit

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 11:22
A fierce price war between consumer goods giants hit Unilever hard in the first half, with the Anglo-Dutch maker of Dove soap and Magnum ice creams reporting anemic sales growth and lower profit.

White House to Nominate Steven Dillingham as Census Director

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 04:22
The White House said Wednesday it intends to nominate Steven Dillingham, a Peace Corps director, as head of the U.S. Census Bureau.

Deficit Projected to Top $1 Trillion Starting Next Year

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 03:56
The Trump administration expects the annual budget deficits to rise nearly $100 billion more than previously forecast in each of the next three years, pushing the federal deficit above $1 trillion starting next year.

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

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 03:04
Less than a year after China’s Ofo Inc. entered the U.S. with big ambitions, the world’s largest bike-share company plans to shut down most of its U.S. operations, people familiar with the matter said.

Why the Google Case May Be Too Late to Matter Much

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 01:22
The European Union’s $5 billion antitrust action against Alphabet Inc.’s Google, while historic, ultimately may not prove too onerous.

IBM Rides New Businesses to Higher Revenue, Profit

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 01:08
IBM reported higher profit and sales for its latest quarter, with newer businesses like cloud computing contributing more than half of total revenue.

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

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 00:55
Papa John’s founder and recently ousted Chairman John Schnatter has recently held talks to merge the pizza-delivery company with Wendy’s.

American Express Lifts Its Revenue Forecast for the Year

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 00:35
AmEx said that given its financial performance for the first half of the year, it now expects revenue for the year to increase at least 9%.

Airshow Buyers Seek Discretion Amid Trade Tensions

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 00:11
Some $35 billion in orders—or about 285 planes—have been snapped up by anonymous buyers this week at the aviation industry’s biggest trade fair of the year, as executives worry high-profile deals could exacerbate trade tensions.

UnitedHealth Is Among Suitors Circling Tenet's Conifer Business

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 07/19/2018 - 00:04
UnitedHealth Group is among suitors exploring an acquisition of Tenet Healthcare’s health-care-management subsidiary, as the industry giant pursues further expansion.

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

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 07/18/2018 - 23:55
The Justice Department on Wednesday sought to fast-track its appeal of the court decision allowing AT&T to buy Time Warner, while offering the first hints of its legal arguments for the next phase of proceedings.

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

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 07/18/2018 - 23:19
Participants in 401(k) plans are likely to see substantial changes if Congress passes a package of modifications to the U.S. retirement system.

Trump Investigating Uranium Imports

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 07/18/2018 - 23:12
The Commerce Department has opened an investigation into whether uranium imports threaten national security, a move that could pave the way for tariffs on foreign producers of the radioactive material.

Fed Report Shows Mounting Tariff Concerns Among Businesses

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 07/18/2018 - 20:08
Manufacturers across the U.S. expressed concern about tariffs, with many reporting higher prices and supply-chain disruptions in the wake of new trade policies, according to a Federal Reserve report released Wednesday.

Iran's Businesses Begin to Buckle Under Sanctions Threat

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 07/18/2018 - 20:05
New U.S. sanctions are sending an economic shock through Iran even before they take effect, putting pressure on Iran’s political leadership to prevent a return to the years when its economy was forced out of the global system of finance and trade.

Trump Threatens EU With Retribution if Auto Deal Isn't Fair

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 07/18/2018 - 18:40
President Donald Trump on Wednesday threatened “tremendous retribution” if his upcoming meeting with European Union officials doesn’t yield what he considers a fair auto-trade deal.

What Saudi Women Drivers Want: Muscle Cars

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 07/18/2018 - 18:25
With the driving ban on women lifted, showrooms in the kingdom stocked cars they thought Saudi women would be drawn to, such as brightly colored mini-SUVs. Instead, they’re opting for models that are loud and fast.

Netflix Creating Comedy Radio Channel With SiriusXM

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 07/18/2018 - 16:32
The streaming-content giant has cut a deal with the satellite-radio broadcaster to create an outlet for its comedy content.

Sinclair Changes TV Station Divestiture Plans to Address Regulator's Deal Concerns

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 07/18/2018 - 15:49
Sinclair Broadcast said it will change divestiture plans for three television stations to sweeten its chances of winning approval for its acquisition of Tribune Media and appease criticism from U.S. regulators.

Startup Thinks Blockchain Can Help Fix the Media's Business Woes

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 07/18/2018 - 15:00
The company is trying to sell a maximum of $34 million in “tokens,” digital currency that its owners can use in a new online marketplace for media ventures being created by the company.

U.S. Housing Starts Dropped Sharply in June

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 07/18/2018 - 14:42
U.S. housing starts fell starkly in June after making solid gains the prior month, as single-family home construction and apartment building dropped from May.

Auto Industry Pushes White House to Back Off Tariffs

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 07/18/2018 - 14:41
Auto makers, parts suppliers and dealers are joining forces to push back against the Trump administration’s proposal to apply tariffs of up to 25% on vehicles and components imported into the U.S.

Disney's Big Question: How Crucial Is Sky to Its Fox Deal?

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 07/18/2018 - 14:21
Disney CEO Robert Iger has called Sky a crown jewel of his $71 billion pursuit of most of Fox’s assets. Now as he decides how hard to fight for it, some are arguing that Sky isn’t key to Disney’s future.

Novartis to Refrain From Raising U.S. Drug Prices

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 07/18/2018 - 14:17
Novartis won’t increase its U.S. drug prices for the rest of 2018, the Switzerland-based drugmaker said, days after Pfizer took a similar step in the face of criticism from President Donald Trump.

Samsung to Launch Foldable-Screen Phone Early Next Year

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 07/18/2018 - 13:06
Samsung is planning to introduce a foldable-screen smartphone early next year, as the world’s largest phone maker eyes a splashy device that can help boost longer-term demand for its slumping handset business.

Powell Set to Testify Before House Panel on Interest Rates, Growth Outlook

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 07/18/2018 - 13:03
Federal Reserve Chairman Jerome Powell returns to Capitol Hill on Wednesday for a second day of testimony.

Democrats Could Become a Free-Trade Counterweight to Trump

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 07/18/2018 - 13:00
Since the 1940s, the Republicans have been the party of free trade, Democrats the party of protection. Those labels need updating.

New Potbelly CEO Wants to Make Sandwiches More Interesting

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 07/18/2018 - 13:00
Potbelly’s new chief executive thinks more interesting sandwiches can save the struggling restaurant chain.

Trump's Tariffs Find Friends in Minnesota's North, Foes in South

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 07/18/2018 - 12:25
President Trump’s tariffs on steel imports marked a victory for the Mesabi Iron Range region of northern Minnesota, boosting the prospects of a Republican congressional candidate. But Mr. Trump’s tariffs are creating concerns for Republican candidates in other districts in the state.

Inside FreshDirect's Big Bet to Win the Home Delivery Fight

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 07/18/2018 - 12:18
Grocers including FreshDirect are betting millions on high-tech distribution centers that will move food faster and convince more customers to ditch supermarkets for digital shopping carts.

New York-London in 3½ Hours? Supersonic Travel May Be Back

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 07/18/2018 - 12:06
Fifteen years after the Concorde last flew, investors, plane makers and equipment suppliers are pushing to revive superfast airliners and business jets. But will regulators go along—and will passengers be willing to pay?

Elon Musk Apologizes for Calling Cave Rescuer a Pedophile

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 07/18/2018 - 11:27
Tesla Chief Executive Elon Musk has apologized for lashing out at the British cave explorer who dismissed his efforts to help rescue the youth soccer team trapped in a Thai cave.

Google to Be Fined $5 Billion by EU in Android Case

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 07/18/2018 - 10:57
The European Union plans to hit Google with a record antitrust fine of $5.06 billion, according to an official familiar with the matter, in a decision that could loosen the company’s grip on its biggest growth engine: mobile phones.

U.S., Boeing Complete $3.9 Billion Air Force One Deal

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 07/18/2018 - 06:38
Boeing secured a $3.9 billion deal to build the new jets that will fly as Air Force One, with only one wrinkle yet to be resolved: their color.

Former Fed Chief Ben Bernanke Says Economic Outlook Is 'Quite Strong'

WALL STREET JOURNAL - US. BUSINESS NEWS - Wed, 07/18/2018 - 06:04
Ben Bernanke, the former chair of the Federal Reserve, remains upbeat about the economy’s outlook and isn’t particularly alarmed by recent bond-market developments many see as hinting at trouble down the road.

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