Updated: 1 min 59 sec ago
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.
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 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 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.
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.
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.
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.
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.
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, 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.
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.
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 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 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.
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, 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 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.
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.
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.
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.
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.
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.
Federal Reserve Chairman Jerome Powell’s first congressional testimony as the central bank’s new leader has been moved to Tuesday from Wednesday.
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.
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.
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.
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.
David Liniger gave Adam Contos a $2.4 million personal loan at a below-market interest rate, among other undisclosed gifts, the company said.
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 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 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 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.
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 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.
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.
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, 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.
In this episode of Moving Upstream, we explore how automation is changing the garment industry and the millions of jobs it provides
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.
Comcast’s pursuit of Fox may hinge on the outcome of the AT&T-Time Warner case.
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.
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.
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 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.
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?
The number of Americans filing applications for new unemployment benefits fell last week for the third time in the past four weeks.
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.
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.
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.
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 has changed its name to Booking Holdings, a move the company says better represents the diversity of its businesses.
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.
Google’s video site and other social media struggle to suppress misleading and false content on their platforms.
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.
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 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.
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.
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 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.
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.
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.
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.
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 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 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.
Federal Reserve officials agreed last month that a strengthening economic growth outlook bolstered their plans to keep raising short-term interest rates this year.
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.
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.
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.
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 Co. will pay $850 million to settle Minnesota’s lawsuit, claiming the manufacturer contaminated water in the state for at least five decades.
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.
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.
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.
The Trump administration released a proposal that would allow for the proliferation of less-comprehensive, cheaper health plans restricted under the Affordable Care Act.
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 allowing meatpackers to slaughter hogs faster and play a bigger role in policing food safety are drawing criticism.
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.
In a wake-up call to investors, Holiday Inn owner InterContinental Hotels said it won’t return extra cash this year.
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.
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 reported strong holiday sales but said online sales growth slowed during the quarter, marking a turn from three quarters of booming web growth.
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.
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.
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 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 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.
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.
CEO Daniella Vitale says the old ways don’t work in a market now driven by a new generation.
When bosses offer promotions and other rewards, they may not realize the conflicts they’re unleashing on teams.
CFO Kathy Waller discusses on how the company wants to move beyond its name.
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 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.
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..
Experts offer a lesson in how Facebook and other networks through history became hierarchies, as individuals got more influence.
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.
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 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.
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?
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.