US Business
Updated: 1 min 59 sec ago

Apple to Store Sensitive Encryption Keys in China

Sat, 02/24/2018 - 19:52
When Apple next week begins shifting the iCloud accounts of its China-based customers to a local partner’s servers, it also will take an unprecedented step for the company that alarms some privacy specialists: storing the encryption keys for those accounts in China.

Hidden Profits In the Prescription Drug Supply Chain

Sat, 02/24/2018 - 16:00
Depending on how you look at them, pharmacy-benefit managers are either low-margin middlemen that fight to reduce drug costs, or highly profitable intermediaries that take a cut of every prescription and earn more when drug prices rise.

Wireless Companies to Start Small With 5G Rollouts

Sat, 02/24/2018 - 15:00
Wireless companies are finally setting deadlines for the rollout of the next wave of technology designed to revolutionize the way machines reach the internet, 5G.

Berkshire Hathaway Posted $29 Billion Gain in 2017 From Tax Plan

Sat, 02/24/2018 - 14:55
Berkshire Hathaway said Saturday it posted a $29 billion gain in 2017 related to changes in U.S. tax law, a boost that inflated annual profits for the Omaha conglomerate.

Tax Changes Could Spur Swap Meet for Used Goods

Sat, 02/24/2018 - 14:21
The market for used equipment—including airplanes and industrial machines—is likely to heat up as firms take advantage of the new tax law’s 100% immediate deduction for such purchases.

Coal Jobs Get a Boost---From Exports

Sat, 02/24/2018 - 13:00
Miners in Indiana and other states are getting a small lift from global markets: American companies are shipping more coal to Europe and Asia, helping to stop the yearslong drop in the number of U.S. mining jobs.

China's 'Heavy Hand' With Anbang Rattles Some Analysts

Sat, 02/24/2018 - 01:52
Chinese regulators’ move to seize Anbang Insurance, which some view as a quasi-nationalization of the company, sheds light on how far these so-called gray-rhino conglomerates have fallen out of favor with President Xi Jinping’s government.

Companies Bow to Social-Media Pressure, Sever NRA Ties

Sat, 02/24/2018 - 01:22
Chubb, MetLife, Symantec and Enterprise’s rental-car chains have eliminated discounts and special programs from members of the National Rifle Association after consumers took to social media to voice outrage against the gun lobby.

Warren Buffett to Retire From Kraft Heinz Board

Sat, 02/24/2018 - 00:59
Billionaire investor Warren Buffett is retiring from the board of directors of Kraft Heinz at the end of his term in April, the food and beverage company said Friday.

Gothamist to Relaunch After Sale to WNYC

Fri, 02/23/2018 - 22:34
Gothamist, DCist and LAist will return as part of a sale to three public radio stations, four months after billionaire owner Joe Ricketts abruptly shut them down.

Dropbox Files to Go Public

Fri, 02/23/2018 - 21:50
Web-storage company Dropbox Inc. raised the curtain Friday on its long-awaited initial public offering, which is set to be one of the biggest tech debuts of the past few years.

Chinese Regulator Seizes Anbang

Fri, 02/23/2018 - 21:49
China’s insurance regulatory agency took control of hard-charging, acquisitive Anbang Insurance, saying the action is needed to avoid a collapse of the firm following suspected illegal activity and the downfall of its once-highflying chairman.

General Mills, Maker of Cheerios, Now Wants to Feed Your Dog, Too

Fri, 02/23/2018 - 21:38
General Mills has agreed to buy Blue Buffalo Pet Products for about $8 billion, as the food giant looks for a piece of the fast-growing natural pet-food market.

Huawei's U.K. Relationship Raises U.S. Concerns

Fri, 02/23/2018 - 21:30
Huawei Technologies Co., a Chinese maker of smartphones and telecom gear, is seen in Washington as a potential tool of state-sponsored spying, but Britain and several other U.S. allies are embracing Huawei’s technology.

Chinese President's Top Economic Adviser to Visit U.S. Next Week

Fri, 02/23/2018 - 20:01
President Xi Jinping’s most trusted economic adviser, Liu He, is heading to Washington on Tuesday as a main envoy for the U.S.-China relationship.

Volkswagen Results Benefit From Strong Sales, Cost Cutting

Fri, 02/23/2018 - 18:13
Volkswagen, the world’s biggest car maker by sales, said net income more than doubled last year on the back of strong sales of its marques and the effect of cost-cutting at its flagship VW brand.

New England Has a Power Problem

Fri, 02/23/2018 - 18:12
New Hampshire’s rejection of a planned 192-mile power line from Canada to Massachusetts is the latest example of just how hard it is to build large energy infrastructure in New England, even as states struggle to meet pressing electricity needs.

Fed Report Signals No Worries About Recent Market Volatility

Fri, 02/23/2018 - 18:03
The Federal Reserve signaled it is unperturbed by volatility in financial markets earlier this month and remains on track to raise rates gradually this year.

Drug That Promises to Kill Flu in a Day Approved in Japan

Fri, 02/23/2018 - 17:18
Japan has approved a drug that its maker says can kill the flu virus in 24 hours, paving the way for what health experts believe could be a breakthrough in the way the illness is treated.

Auto Makers Race to Build a Cheaper Electric Car for India, Other Growing Markets

Fri, 02/23/2018 - 16:33
The world’s auto makers are vying to build an affordable electric car to target drivers in emerging economies and potentially create a competitor to Chinese-made vehicles.

Activist Starboard Seeks Board Seats at Cars.com

Fri, 02/23/2018 - 16:28
Starboard Value is taking a step further as an activist investor in Cars.com and has nominated four people it wants to be named to the board of the car-search engine company at its annual meeting next month.

Paper Argues Fed Bond Buying Plan Largely Ineffective

Fri, 02/23/2018 - 16:15
The Federal Reserve’s signature bond buying stimulus program undertaken during and in the wake of the financial crisis was largely a dud for the economy, argues a new paper authored by a group of prominent economists.

Fed's Powell to Testify Before House Panel Tuesday

Fri, 02/23/2018 - 15:57
Federal Reserve Chairman Jerome Powell’s first congressional testimony as the central bank’s new leader has been moved to Tuesday from Wednesday.

Trump to Unveil 'Largest Ever' Set of Sanctions on North Korea

Fri, 02/23/2018 - 15:47
Donald Trump will unveil a new set of sanctions against North Korea, which he’ll call “the largest ever.” The sanctions will “further cut off” sources of revenue and fuel for Pyongyang’s nuclear program, according to the president.

When 'Married, Filing Separately' Lowers Your Tax Bill

Fri, 02/23/2018 - 15:25
The rarely used “married, filing separately” tax status is a boon for the few Americans who choose it each year. More will likely join that club in 2018.

Playing With $100 Billion, Warren Buffett Is Giant Trader of U.S. Treasury Bills

Fri, 02/23/2018 - 14:50
Warren Buffett’s Berkshire Hathaway has used its mounting cash pile to become one of the world’s largest owners of U.S. Treasury bills after struggling to find big companies to buy in recent years.

Airlines Are Booming, So Why Are Investors Worried?

Fri, 02/23/2018 - 14:24
Sentiment has turned when it comes to investing in airlines, as investors fret that rising fuel prices, excessive expansion plans, and creeping costs threaten future earnings.

Re/Max Finds Co-Founder, Top Executive Violated Policy

Fri, 02/23/2018 - 04:33
David Liniger gave Adam Contos a $2.4 million personal loan at a below-market interest rate, among other undisclosed gifts, the company said.

Hewlett Packard Enterprise Raises Shareholder Return Target to $7 Billion

Fri, 02/23/2018 - 00:32
Rising sales of storage and networking devices powered Hewlett Packard Enterprise Co.’s core business during the holiday quarter, helping the company raise its annual profit targets while boosting planned returns to shareholders.

Takata Settles Joint Probe by U.S. States Into Faulty Air Bags

Fri, 02/23/2018 - 00:20
Takata Corp. agreed to pay a $650 million civil penalty to end an investigation by the attorneys general of 44 U.S. states into whether the parts supplier concealed problems with rupture-prone air bags.

Airbnb Adds Hotels and Luxury Listings to Bolster Growth

Thu, 02/22/2018 - 21:49
Airbnb Inc., looking to solidify sales ahead of an expected IPO, is adding more hotels to its site, along with a loyalty program and new tiers of listings that include luxury and more budget-friendly offerings.

Ford Names New North America President in Leadership Shuffle

Thu, 02/22/2018 - 19:08
Ford Motor named a new leader for its key North American operations among several executive changes, a day after a top executive was fired after a company investigation into allegations of misconduct.

'Angry Birds' Maker's Shares Drop 45% After Revenue Warning

Thu, 02/22/2018 - 19:06
Shares in Rovio fell by more than 40% after the company behind “Angry Birds” missed fourth-quarter sales expectations and warned revenue would be flat or lower in 2018.

SpaceX Lifts Two of Its Own Prototype Satellites Into Orbit

Thu, 02/22/2018 - 19:02
SpaceX launched into orbit a commercial payload with two prototype communications satellites intended to pave the way for an eventual constellation of thousands of similar internet-via-space satellites.

The Big Loophole That Helped Russia Exploit Facebook: Doctored Photos

Thu, 02/22/2018 - 19:00
This use of doctored images was a crucial and deceptively simple technique to spread fabricated information during the 2016 election. Tech companies, which are increasingly under fire, struggle to screen for indications photos might have been distorted or taken out of context.

J.C. Flowers, Cerberus Agree to Buy HSH Nordbank

Thu, 02/22/2018 - 17:46
U.S. private-equity firms J.C. Flowers and Cerberus Capital Management have agreed to buy German lender HSH Nordbank for up to $1.2  billion in a deal to be announced as early as next week.

Scroll Signs On Publishers for Service That Will Curb Their Ads

Thu, 02/22/2018 - 17:24
Scroll, which will launch later this year, has agreements with publishers including Business Insider, Fusion Media Group and the Atlantic. Gannett just signed on as an investor.

Why Sewing Robots May Replace Humans in Factories

Thu, 02/22/2018 - 17:01
In this episode of Moving Upstream, we explore how automation is changing the garment industry and the millions of jobs it provides

Leading Economic Indicators Index Rises

Thu, 02/22/2018 - 16:23
An economic index that measures U.S. business trends increased further in January and points to robust growth in the first half, the Conference Board said.

Judge Will Decide Two Media Merger Cases in One

Thu, 02/22/2018 - 16:05
Comcast’s pursuit of Fox may hinge on the outcome of the AT&T-Time Warner case.

MiMedx Didn't Report Payments to Doctors

Thu, 02/22/2018 - 16:01
MiMedx, a fast-growing medical tissue-graft developer, has financial ties to more than 20 doctors but hasn’t reported them to the government under a 2013 law.

Greek Parliament Investigates Politicians in Novartis Bribery Probe

Thu, 02/22/2018 - 15:43
Greece’s parliament will investigate whether senior political leaders took bribes from Swiss pharmaceutical giant Novartis to fix drug prices and boost its sales to public hospitals.

Canada Retail Sales Fell in December

Thu, 02/22/2018 - 15:03
Canadian retail sales declined in December for the first time in four months, falling short of expectations on lower sales at general merchandise, health and electronics stores.

Newell Adds New Directors Ahead of Proxy Fight With Starboard

Thu, 02/22/2018 - 14:51
Newell Brands, a conglomerate that makes everything from Elmer’s glue to Mr. Coffee machines, is adding three new board members ahead of a proxy fight with an activist investor seeking to oust the entire board and chief executive.

Pass-Through Businesses Rethink Their Status in Wake of Tax Law

Thu, 02/22/2018 - 14:49
As business owners pore through the new tax law, many are asking themselves a fundamental question: Will changing how their company is structured cut their tax bills?

U.S. Jobless Claims Fell Last Week

Thu, 02/22/2018 - 14:34
The number of Americans filing applications for new unemployment benefits fell last week for the third time in the past four weeks.

HP Earnings: What to Watch

Thu, 02/22/2018 - 11:30
HP Inc. is scheduled to report fiscal first-quarter results Thursday. Investors will watch for news on the company’s share of the personal-computer market, its printer business and effects of the new tax law.

Some Companies Move to Gender-Blind Leave for New Parents

Thu, 02/22/2018 - 06:26
In a few corners of corporate America, companies are discarding parental-leave policies that encode distinctions between mothers and fathers, arguably holding women back at work and relegating men to secondary roles at home. Instead, they are offering gender-blind time off for all new parents.

Small Business Thinks Big About Recruiting

Thu, 02/22/2018 - 06:25
To find qualified employees in a tight job market, small and midsize companies are getting creative, reaching out to local high schools, beefing up internships and even offering to pay vacation costs.

Quarles Says Fed Should Continue Gradual Pace

Thu, 02/22/2018 - 06:15
Federal Reserve Vice Chairman Randal Quarles said the U.S. central bank should continue to move short-term interest rates up, but stopped short of saying how many times officials should raise rates this year.

Priceline Group Rebrands to Booking Holdings

Thu, 02/22/2018 - 03:12
Priceline Group has changed its name to Booking Holdings, a move the company says better represents the diversity of its businesses.

R-Rated Behavior of Star Producer Causes Drama for Disney

Thu, 02/22/2018 - 01:16
Tom Schumacher, the executive behind Disney’s new “Frozen” musical, has been accused of explicit sexual language and behavior in the workplace, even as he turned the entertainment company into a powerful force on Broadway.

YouTube Says It Mistakenly Promoted a Conspiratorial Video on Florida Shooting

Thu, 02/22/2018 - 00:56
Google’s video site and other social media struggle to suppress misleading and false content on their platforms.

How Jeffrey Immelt's 'Success Theater' Masked the Rot at GE

Thu, 02/22/2018 - 00:55
A culture that disdained bad news contributed to overoptimistic forecasts and botched strategies. GE stock has almost halved since Mr. Immelt resigned as CEO and the company is considering whether to break itself up.

Merger Creates Regional Hospital Giant

Thu, 02/22/2018 - 00:53
Two large nonprofit hospital systems—Bon Secours Health System Inc. of Marriottsville, Md., and Mercy Health, headquartered in Cincinnati, have announced plans to merge, in another example of hospitals bulking as the battle for patients grows increasingly fierce.

Toys "R" Us Plans to Close Another 200 Stores

Thu, 02/22/2018 - 00:33
Toys “R” Us Inc. plans to close another 200 stores and lay off a significant portion of its corporate staff following a disappointing holiday sales season, according to people familiar with the matter.

Tops Markets Files for Chapter 11 Bankruptcy Protection

Thu, 02/22/2018 - 00:12
Supermarket chain Tops Markets LLC filed for bankruptcy protection Wednesday, the latest regional grocery chain to look to restructure its balance sheet as consumers move to nontraditional food retailers.

White House Reaches Out to Labor Unions on Trade Policy

Wed, 02/21/2018 - 23:50
President Donald Trump sought input Wednesday from the largest labor unions in the U.S. on trade policy, including the talks to renegotiate the North American Free Trade Agreement.

GE Won't Sell Baker Hughes Stake Yet, Lowers 2018 Profit View

Wed, 02/21/2018 - 23:33
GE lowered its 2018 profit outlook and said it has no intention of selling down its majority stake in oil services firm Baker Hughes before 2019, a shift from its previous exploration of exiting the business.

10 New York City Tow-Truck Firms Indicted

Wed, 02/21/2018 - 23:17
Manhattan prosecutors accused 17 people and 10 companies of using fraud and violence to create an illegal monopoly within New York City’s towing industry.

Ford North America President Leaves Following Misconduct Allegations

Wed, 02/21/2018 - 23:15
Raj Nair, a top Ford executive, has been fired following misconduct allegations, the latest high-ranking leader to be shown the door amid broader scrutiny of workplace behavior in corporate America.

A N.J. County Sues Purdue Pharma, Sackler Family for Opioid Marketing

Wed, 02/21/2018 - 22:35
Camden County in southern New Jersey has joined hundreds of counties nationwide in suing the opioid-painkiller manufacturer Purdue Pharma, but in an unusual step it also named members of the company’s controlling family, the Sacklers.

Why an American Airlines Monopoly Works for Charlotte

Wed, 02/21/2018 - 22:32
In contrast to many cities luring low-cost competitors to their airports, Charlotte, N.C., has stuck with a dominant carrier, accepting high prices in exchange for plentiful flights

Broadcom Cuts Offer for Qualcomm Over New NXP Deal Price

Wed, 02/21/2018 - 21:30
Broadcom knocked more than $4 billion off its bid to acquire Qualcomm, firing back a day after Qualcomm sweetened its own offer to acquire NXP Semiconductors by billions.

Hawaiian Dumps Airbus Order for Boeing Jets

Wed, 02/21/2018 - 20:43
Hawaiian Airlines is expected to cancel an order for Airbus SE long-haul jets in favor of buying its first new Boeing Co. 787-9 Dreamliners, according to people familiar with the negotiations.

Fed Officials Marked Up Inflation Outlook in January

Wed, 02/21/2018 - 20:06
Federal Reserve officials agreed last month that a strengthening economic growth outlook bolstered their plans to keep raising short-term interest rates this year.

Trump Economic Report Blames Obama Policies for Slow Growth

Wed, 02/21/2018 - 18:00
President Donald Trump’s first official economic report to Congress makes a lengthy case that the U.S. economy has been weak in recent years, not because of the severity of the most recent recession, but because of policy mistakes by Mr. Trump’s predecessor.

U.S. Existing-Home Sales Slumped in January

Wed, 02/21/2018 - 16:06
Sales of previously owned U.S. homes declined in January, suggesting that fast-rising prices and tight inventory may be restraining buyer demand at the beginning 2018.

America's Emerging Petro Economy Flips the Impact of Oil

Wed, 02/21/2018 - 12:47
The effect of oil prices on the U.S. economy used to be straightforward: Higher was bad. Yet between 2014 and early 2016, as oil collapsed, growth slowed sharply. Since then oil has doubled, yet the economy has accelerated.

What to Watch in the Fed Minutes

Wed, 02/21/2018 - 12:32
The Federal Reserve on Wednesday will offer more details on policy makers’ outlook for 2018 when it releases the minutes of their Jan. 30-31 meeting. Officials voted then to hold their benchmark federal-funds rate steady in a range between 1.25% and 1.5%. The minutes will be released at 2 p.m. EST.

3M, State of Minnesota Settle For $850 Million

Wed, 02/21/2018 - 00:05
3M Co. will pay $850 million to settle Minnesota’s lawsuit, claiming the manufacturer contaminated water in the state for at least five decades.

Glencore's Predicament: How to Handle Payments to Individual Under U.S. Sanctions

Tue, 02/20/2018 - 23:43
Swiss mining giant Glencore is grappling with a thorny problem: whether it can make royalty payments to Israeli billionaire Dan Gertler, a former partner placed under sanctions by the U.S. government.

Dow, S&P 500 Lose Steam After Six Sessions of Gains

Tue, 02/20/2018 - 23:19
Falling shares of Walmart pulled the Dow Jones Industrial Average and the S&P 500 lower Tuesday, snapping a six-session winning streak for the indexes.

Spending Bill Raises Expectations for More Fed Rate Increases

Tue, 02/20/2018 - 20:44
A bipartisan spending deal reached by U.S. lawmakers earlier this month has prompted many Wall Street economists to raise their projections of how much the Federal Reserve will raise interest rates this year and next.

Proposal Would Loosen Limits on Short-Term Health Plans

Tue, 02/20/2018 - 19:55
The Trump administration released a proposal that would allow for the proliferation of less-comprehensive, cheaper health plans restricted under the Affordable Care Act.

Trump Administration Looking at Bankruptcy Options for Student Debt

Tue, 02/20/2018 - 18:03
The Trump administration is looking to clarify when Americans can discharge student loans in bankruptcy, responding to concerns that more borrowers will be stuck under huge debt burdens for years.

Proposed Rules Would Allow Meatpackers to Slaughter Hogs Faster

Tue, 02/20/2018 - 17:59
Proposed rules allowing meatpackers to slaughter hogs faster and play a bigger role in policing food safety are drawing criticism.

Trump Administration Seeks to Stimulate Private Space Projects

Tue, 02/20/2018 - 17:52
Vice President Mike Pence on Wednesday is expected to announce new moves promoting private ventures in space, including easing launch rules and putting the Commerce Department in charge of broader deregulation initiatives.

Hotels Check Into Technology Arms Race

Tue, 02/20/2018 - 17:48
In a wake-up call to investors, Holiday Inn owner InterContinental Hotels said it won’t return extra cash this year.

Mandates, Not Market Prices, Likely to Keep U.S. Solar Growing

Tue, 02/20/2018 - 16:52
Government mandates requiring utilities to procure renewable energy should keep U.S. solar power growing, despite new Trump administration tariffs on imported solar panels that are poised to raise prices.

Washington's $500 Million Financial-Storm Forecaster Is Foundering

Tue, 02/20/2018 - 16:13
The Office of Financial Research was supposed to anticipate trouble and issue warnings, but initiatives have been delayed or scaled back. Now the Trump administration is holding it up as an example of governmental overreach.

Walmart's Online Sales Come Under Pressure

Tue, 02/20/2018 - 16:07
Walmart reported strong holiday sales but said online sales growth slowed during the quarter, marking a turn from three quarters of booming web growth.

Guess Co-Founder to Step Away During Investigation Into Conduct

Tue, 02/20/2018 - 16:05
Guess? said Tuesday that co-founder Paul Marciano will relinquish his day-to-day responsibilities with the company and salary during a continuing investigation into recent allegations of improper conduct.

Trial Tests FTC's Power to Referee Drugmakers' Fight Against Generics

Tue, 02/20/2018 - 15:58
A trial under way in federal court in Philadelphia is testing the power of U.S. competition regulators to crack down on drug makers’ alleged moves to thwart the sale of low-cost generics.

Qualcomm Set to Raise Bid for NXP to $44 Billion

Tue, 02/20/2018 - 12:09
Chip giant Qualcomm is set to raise its bid for NXP Semiconductors to about $44 billion in an effort to win shareholder support for the acquisition and help it fend off a takeover approach from Broadcom.

BHP Willing to Talk About Activist's Overhaul Plan

Tue, 02/20/2018 - 11:31
BHP Billiton, its net profit off 37%, signaled it may be willing to yield to activist investor Elliott Management’s latest assault on its corporate structure, even as it lifted its dividend 38%.

Albertsons, Rite Aid Plan $24 Billion Deal Amid Online Fight

Tue, 02/20/2018 - 11:07
Albertsons plans to buy the rest of Rite Aid that isn’t being sold to Walgreens Boots Alliance as retailers of all stripes scramble to respond to a rapidly changing consumer shopping landscape.

Taxis, Ride-Hailing Firms Battle for Business on Road to Tokyo Olympics

Tue, 02/20/2018 - 09:37
Sony is helping Japanese taxi firms improve their services, competing against ride-hailing giants Uber and China’s Didi Chuxing Technology, along with Toyota, in the race for business ahead of the 2020 Olympics.

Barneys Aims to Reinvent Luxury Marketing for Younger Shoppers

Tue, 02/20/2018 - 08:15
CEO Daniella Vitale says the old ways don’t work in a market now driven by a new generation.

The Hidden Status Battles That Can Roil the Office

Tue, 02/20/2018 - 05:05
When bosses offer promotions and other rewards, they may not realize the conflicts they’re unleashing on teams.

Coca-Cola's Game Plan: Reformulate and Expand

Tue, 02/20/2018 - 05:01
CFO Kathy Waller discusses on how the company wants to move beyond its name.

Tax Regulations at Center of GOP Dispute

Mon, 02/19/2018 - 22:26
A turf battle is breaking out in the Republican Party over which agencies should have a say in writing new regulations stemming from last year’s landmark tax legislation.

Facebook Battles New Criticism After Indictment Against Russians

Mon, 02/19/2018 - 22:09
Facebook is contending with a new wave of criticism prompted by the indictment detailing how Russia manipulated social-media platforms—and by a Facebook executive’s attempts to address the issue.

'Black Panther' Roars to Top of Box Office

Mon, 02/19/2018 - 20:48
With an estimated opening of $235 million in the U.S. and Canada, “Black Panther” was another blockbuster success for Walt Disney Co.’s Marvel Studios but also a breakthrough for movies with primarily black casts..

Why Was Facebook So Easy to Hijack?

Mon, 02/19/2018 - 18:24
Experts offer a lesson in how Facebook and other networks through history became hierarchies, as individuals got more influence.

Private Trades in Spotify Shares to Play Role in Debut

Mon, 02/19/2018 - 17:46
Spotify AB is counting on its surging private-market value to bolster the music-streaming service’s appeal to investors in an unorthodox public debut that could be the biggest since Snap Inc.’s $20 billion IPO last year.

Macron Law Jolts French Labor Market

Mon, 02/19/2018 - 17:39
Some of France’s largest employers are seizing on President Emmanuel Macron’s labor-system overhaul to undertake mass layoffs, heralding a sea change for a country that has long coddled its workforce.

The iPhone Is Losing Out to Chinese Devices in Asia

Mon, 02/19/2018 - 17:22
The iPhone X’s steep price opens the door to cheaper options in Asian markets, and Chinese smartphone brands Xiaomi, Oppo and Vivo are grabbing market share.

Household Debt Is Rising Quickly Around the Globe

Mon, 02/19/2018 - 16:37
A decade after household debt burdens contributed to a crisis in the U.S. and EU, a new crop of economies face high and still rising household debt burdens. Will Switzerland, Australia, Canada and others be able to carry larger debts, or are they victims of their own success?

Oil Producers Buying Back Shares After Years of Selling New Stock

Mon, 02/19/2018 - 15:43
North American energy producers survived the recent oil bust in large part by selling more than $60 billion of new stock. Now they’re beginning to buy it back.