In a challenge for Detroit, teens put off getting their licenses and buying cars. About a quarter of 16-year-olds had a driver’s license in 2017, a sharp decline from nearly half in 1983.
Tesla plans to shrink its board from 11 to seven directors over this year and next, with three longtime allies of CEO Elon Musk planning to step down along with one of the auto maker’s newer independent members.
Archer Daniels Midland Co.’s top grain-trading executive is departing as the agricultural giant restructures its operations and confronts a challenging farm economy.
BP and its partners plan to lead a $6 billion development of the Azeri-Chirag-Deepwater Gunashli oil-field complex offshore Azerbaijan. The project includes facilities designed to process up to 100,000 barrels of oil a day.
Monday kicks off a busy week of earnings, with some of the biggest names in the technology, consumer-products and industrial sectors reporting.
The U.S. Food and Drug Administration gave Teva Pharmaceutical the go-ahead to market a generic naloxone nasal spray to treat opioid overdoses.
When Samsung first announced a $2,000 folding-screen phone, it seemed destined to be considered a luxury product, a status symbol. Then we discovered its plastic screen can be easily damaged by the removal of a sticker.
In a tight labor market, companies from Amazon to JPMorgan are trying to get better at retraining the workers they have. ‘We need a Waze for your career,’ says one labor expert.
Ship orders world-wide have shrunk to the lowest level in 15 years as vessel owners struggle with excess capacity that has kept freight rates well below break-even levels.
Consumer-focused businesses may have more cachet, but tech startups that cater to companies are what’s really hot. Shares of business-software firms have risen a median 126% from their market debuts, outperforming high-profile consumer-tech companies.
From Boeing to Oscar Mayer, the lesson is clear: It’s almost always better to rebuild a brand than start anew.
A gauge of U.S. home building and approvals for new projects declined in March, continuing a recent weak stretch for new housing construction.
JXTG is exploring the sale of its majority-owned Caserones copper project in Chile in a deal that could fetch about $1 billion, in the latest sign that rising prices for the industrial metal are driving deal making in the mining sector.
Executives at the digital payments company have been meeting with banks since last year to discuss issuing a Venmo-branded credit card. The PayPal-owned company is considering Synchrony Financial as its card-issuing partner.
For years, Midwestern states and the U.S. government have spent millions of dollars to keep Asian carp out of the Great Lakes. Now southern states are also scrambling to control the problem—and some worry they may be too late.
Investors are about to hear much more about Shenzhen Transsion, the world’s fourth-largest cellphone maker.
McDonald’s Corp. is taking “signature crafted” hamburgers off its menu, after the sandwiches slowed operations at the chain’s restaurants.
Uber struck a deal with investors including SoftBank Group’s tech fund for a $1 billion investment in its self-driving-car unit as the ride-hailing company prepares for an IPO.
Tesla Inc. Chief Executive Elon Musk and the Securities and Exchange Commission have been granted another week to work out their dispute over whether the auto executive violated an order restricting his use of social media.
Hershey Co. is turning to a finance chief from outside the food industry, a move that comes as the company expands beyond its core portfolio of chocolate and other confectionery.
A push for an official voice for ratepayers in PG&E’s bankruptcy case is gaining momentum as California’s largest utility confronts the fallout from years of wildfires linked to its equipment.
The U.S. Food and Drug Administration said it sent warning letters to 11 companies for marketing dietary supplements that don’t meet its guidelines.
The potential economic impact of a new trade agreement with Mexico and Canada is becoming the subject of a debate in Washington, as the Trump administration seeks to have Congress ratify the agreement.
Dallas Fed President Robert Kaplan said improving U.S. economic growth is unlikely to change his view that short-term interest rates are where they should be.
A ransomware attack knocked the Weather Channel off the air for more than an hour Thursday morning, and federal authorities are investigating the incident.
The railroad halted construction of a $550 million facility in Brazos, Texas, and closed two other so-called hump yards, as the company embraces a precision railroad strategy that calls for fewer, longer trains.
The company that owns the National Enquirer has agreed to sell the scandal-plagued supermarket tabloid to James Cohen, a former newsstand and magazine distribution mogul, for $100 million.
A bankruptcy lawyer wants answers from Hulu and Netflix about behind-the-scenes footage they used in a pair of Fyre Festival documentaries as part of his larger inquiry into where all the money went from the calamitous event.
Hyundai MotorCo. has hired Jose Muñoz, formerly one of Carlos Ghosn’s top lieutenants at Nissan Motor Co. and a potential CEO candidate at the Japanese car maker before his abrupt departure earlier this year.
Amazon.comInc. and Alphabet Inc.’s Google reached a deal to reintroduce in the coming months the YouTube app on Amazon devices and add the Prime Video app to Chromecast and Android TV.
Pinterest shares rose in their trading debut Thursday, giving the IPO market a boost after the recent high-profile wobble by Lyft.
Zoom Video Communications rose sharply Thursday to above $60 after pricing shares in its closely followed initial public offering at $36 apiece.
The retailer sued against Eddie Lampert, his hedge fund ESL Investment Inc. and various directors of ESL and Sears in a lawsuit accusing them of siphoning away billions of dollars worth of assets as the company racked up huge losses.
The two top executives of Japanese bath and kitchen company Lixil Group Corp. said they planned to step down from the board after shareholder pressure, the latest sign of rising clout enjoyed by shareholders in Japan.
ConocoPhillips is exiting the oil exploration and production market in the U.K. after reaching a deal to sell two units that focus on production in the North Sea to Chrysaor E&P Ltd. for about $2.68 billion.
Rich Friedman, one of Goldman Sachs Group’s longest-serving partners and head of its private-equity arm, is stepping back as part of a reorganization of the firm’s alternative-investing businesses.
Retail sales in the U.S. bounced back in March after a stretch of weak spending, another sign that first-quarter growth was stronger than expected. Auto sales clocked the heftiest monthly gain since September 2017.
The number of Americans filing applications for new unemployment benefits fell last week to a fresh 50-year low.
Paint maker PPG said its latest quarterly results benefited from price increases, though that wasn’t enough to offset weaker product sales due to changes made to its business lines.
Honeywell reported better-than-expected sales in the first quarter, as the industrial conglomerate was buoyed by in part by demand for its aerospace products and from customers in China.
The U.S. warehouse market is coming closer into balance after a long stretch when strong demand, driven by economic expansion and a push to build up e-commerce distribution networks, far outpaced available storage space.
Sprint has told regulators its performance isn’t as strong as it appears and it will struggle to operate as a standalone company. The wireless carrier had added new connections in six straight quarters, but now says many of those gains were free lines.
Nintendo has submitted a request to the Chinese government for approval to sell its Switch console in China, potentially opening up a major market long closed to the Japanese videogame maker’s flagship consoles.
A rift between the U.S. and Canada is growing over how to ensure the safety of Boeing’s grounded 737 MAX planes, as Ottawa’s focus on additional pilot training could lead to a delay in getting the jet back in the air.
Amazon.com is checking out of China’s fiercely competitive domestic e-commerce market.
Nestlé saw a pickup in North American sales led by price increases and pet care, as the Swiss consumer goods giant posted first-quarter growth that exceeded analysts’ expectations.
About one in 10 U.S. counties grew in the fiscal year that ended last June primarily because of immigration—a significant increase from 2011—showing how new arrivals are shaping the nation as the population ages and the birthrate slows, new census figures show.
The South Korean technology giant said it would look into what caused some Galaxy Fold phones issued to tech reviewers to malfunction, casting doubts over the rollout of the industry’s first mainstream foldable-screen device.
The union that represents commercial actors has reached a tentative agreement with Madison Avenue after a contentious battle involving how talent is paid.
A number of publishers are planning to rush out versions of special counsel Robert Mueller’s long-awaited report in both physical an e-book formats, even as it is expected to be available free online.
The Alliance of American Football, a professional football league that suspended operations after less than two months of competition, has filed for bankruptcy.
Federal Communications Commission Chairman Ajit Pai said he would recommend denying China Mobile USA’s application to begin providing some telecom services in the U.S., citing national security risks.
Through more than two years of takeover threats and legal strife, the chip maker trained its focus on the future promises of 5G. That fixation is paying off so far.
The Writers Guild of America is suing four major talent agencies, alleging that their use of certain business practices puts their own financial interests ahead of their clients’.
Herman Cain said he has no intention of withdrawing his name from consideration for a seat on the Federal Reserve Board, despite an apparent lack of sufficient support for Senate confirmation if President Trump nominates him.
Ahead of its expected IPO, the ride-sharing company is nearing a deal with a group including SoftBank that would invest $1 billion in its autonomous-vehicle division at a valuation of $7.25 billion.
Before it entered bankruptcy, PG&E Corp. paid more than $100 million for professional advice on how to fend off blame for years of deadly wildfires and, when that failed, how to take cover in chapter 11, new court papers show.
Economic activity continued to grow slowly across the U.S. in the spring but some sectors expected growth to pick up in the coming months, according to a Federal Reserve report released Wednesday.
United Continental said the grounding of its Boeing Co. 737 MAX jets and the suspension of a flight to New Delhi led the carrier to trim its forecast for capacity growth this year.
The Treasury Department is releasing a new round of regulations for tax-favored investments in low-income areas—aiming to clarify definitions for investors who are seeking to use the tax break, but wary of moving forward without clear rules.
The U.S. and China have tentatively scheduled a fresh round of face-to-face meetings as they seek to close out a trade deal, according to a person familiar with the situation.
Federal Reserve Bank of Philadelphia President Patrick Harker is sticking with his view the U.S. central bank may be able to raise rates two more times over the next couple of years.
Walgreens Boots Alliance and Nordstrom will let online shoppers at other brands and retailers pick up or return orders at some stores, a sign of how retailers are partnering in new ways to draw customers.
Long a path to financial security, traditionally African-American schools are now producing graduates who struggle with disproportionately high debt. “The odds are kind of stacked up against me.”
Private-equity firm Blackstone is exploring a sale of the Cosmopolitan hotel and casino in Las Vegas, the only major operating casino on the Strip to hit the market in more than a decade.
In an interview with The Wall Street Journal, Mattel CEO Ynon Kreiz tells of his plans to foster creativity to reverse the toy maker’s slump—and how he sees the future of physical playthings in a digital world.
Possible delays to Sprint’s planned merger with T-Mobile US threaten Sprint parent SoftBank’s ambition to invest in the world’s most valuable startups.
The U.S. trade deficit narrowed in February. The deficit in goods with China, the U.S.’s largest trading partner in 2018, narrowed by 9.3% from the prior month.
ABB Chief Executive Ulrich Spiesshofer unexpectedly stepped down, ending a more than five-year run that saw the Swiss engineering giant gear its focus toward robotics and digital technologies but struggle with a weak share price.
The luxury retailer is taking a minority stake in Fashionphile, an online seller of preowned designer handbags and accessories. Customers will be able to drop off bags, jewelry and other accouterments at stores in exchange for cash.