WALL STREET JOURNAL - US. BUSINESS NEWS

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Updated: 1 min 3 sec ago

GOP Is Poised to Pass Sweeping Tax Overhaul

2 hours 16 min ago
Republicans stood on the verge of delivering the most significant changes to the U.S. tax code in more than three decades, after a series of last-minute deals appeared to clear the last big obstacles to passage next week.
Categories: FINANCIAL NEWS

Uber Hacked and Surveilled Rivals, Alleges Ex-Manager in Letter

3 hours 11 min ago
A 37-page letter sent to Uber Technologies’ management in May that painted it as a paranoid firm with a sophisticated intelligence apparatus designed to gain an edge on rivals and trick regulators has been made public.
Categories: FINANCIAL NEWS

P&G Concedes Proxy Fight, Adds Nelson Peltz to Its Board

6 hours 5 min ago
Procter & Gamble Co. will add activist investor Nelson Peltz to its board, conceding defeat in one of the biggest and most expensive proxy battles ever fought.
Categories: FINANCIAL NEWS

CSX Loses $4 Billion in Value After CEO Takes Medical Leave

Fri, 12/15/2017 - 22:16
CSX lost about $4 billion in market value after Chief Executive Hunter Harrison was placed on medical leave, a stark reversal for investors who had shrugged off concerns earlier this year about the health of the renowned railroad turnaround artist.
Categories: FINANCIAL NEWS

Ryanair Recognizes Pilot Unions, Calls for Strikes to Be Canceled

Fri, 12/15/2017 - 21:56
Europe’s leading budget airline, Ryanair, said that it would recognize pilot unions, after weeks of tensions and the threat of strikes before Christmas.
Categories: FINANCIAL NEWS

Trucking Industry Worries New Rule Could Raise Costs

Fri, 12/15/2017 - 21:50
A new rule requiring most big rigs to be equipped with electronic logs that record a driver’s time behind the wheel is triggering deep divisions in the trucking world and raising concerns that shipping goods could get more costly and complicated.
Categories: FINANCIAL NEWS

SpaceX Successfully Launches Reused Booster for NASA, a First

Fri, 12/15/2017 - 21:40
Space Exploration Technologies successfully launched a refurbished cargo capsule atop a previously used rocket toward the international space station, a milestone following its launch of the first private spacecraft to Earth orbit and back seven years ago.
Categories: FINANCIAL NEWS

Social-Media Stars Are Turning Heads---of Regulators

Fri, 12/15/2017 - 21:21
The Federal Trade Commission has stepped up policing of product plugs and brand endorsements made by celebrities of social networks, enforcing deceptive-marketing rules that require them to disclose financial ties.
Categories: FINANCIAL NEWS

H&M Shares Plunge as Pivot to Digital Falls Short

Fri, 12/15/2017 - 20:32
Shares in Hennes & Mauritz’s dropped more than 15% after the fashion retailer reported weaker-than-expected fourth-quarter sales.
Categories: FINANCIAL NEWS

Lockheed Plans New Supersonic Business Jet

Fri, 12/15/2017 - 20:30
Lockheed Martin is planning a return to the passenger-aircraft business after a two-decade gap with a new supersonic plane.
Categories: FINANCIAL NEWS

Fox Deal Adds Hulu to Disney's Arsenal in Attack on Netflix

Fri, 12/15/2017 - 19:59
Walt Disney’s plan to buy a large portion of 21st Century Fox’s assets would double its 30% stake in Hulu and help as it takes on rival Netflix.
Categories: FINANCIAL NEWS

Fed's Quarles to Recuse Himself From Matters Involving Wells Fargo

Fri, 12/15/2017 - 19:35
Federal Reserve Vice Chairman for Supervision Randal Quarles will recuse himself from participating in matters specific to Wells Fargo & Co., “to avoid even the potential appearance of a conflict of interest,” the central bank said Friday.
Categories: FINANCIAL NEWS

Can Adobe Keep the Clouds Away?

Fri, 12/15/2017 - 17:55
Software maker Adobe Systems’ solid performance should help as rising peer valuations will make investors pickier.
Categories: FINANCIAL NEWS

GOP Makes Change to Child Tax Credit in Bid to Satisfy Rubio

Fri, 12/15/2017 - 17:17
Republicans will make more of the child tax credit refundable in a last-minute concession to Sens. Marco Rubio and Mike Lee, potentially clearing one of the last big hurdles to passing the plan.
Categories: FINANCIAL NEWS

U.S. Industrial Production Rose 0.2% in November

Fri, 12/15/2017 - 15:27
U.S. industrial production rose in November, boosted by a post-hurricane recovery in oil and gas extraction.
Categories: FINANCIAL NEWS

Airbus Upheaval Triggers Search for New CEO

Fri, 12/15/2017 - 09:54
Airbus is hunting for a new chief executive to navigate it through a spell of heavy turbulence, with Europe’s largest plane maker facing investigations over alleged corruption and far-reaching departures among its senior ranks.
Categories: FINANCIAL NEWS

DHS Plans to End Work Eligibility for Spouses of H-1B Holders

Fri, 12/15/2017 - 04:08
The spouses of highly skilled foreign workers would no longer be able to work legally in the U.S. under a regulatory change proposed by the Trump administration Thursday.
Categories: FINANCIAL NEWS

CSX Head Takes Medical Leave

Fri, 12/15/2017 - 02:57
The railway’s chief executive, Hunter Harrison, has taken a medical leave of absence due to unexpected complications from a recent illness.
Categories: FINANCIAL NEWS

NLRB Overturns Obama-Era Ruling on Jointly Employed Workers

Fri, 12/15/2017 - 02:56
The National Labor Relations Board overturned an Obama-era ruling that potentially made it easier for contractors and workers at franchised businesses to form unions and collectively bargain with big corporations
Categories: FINANCIAL NEWS

Property Data Firm Xceligent Files for Chapter 7 Protection

Fri, 12/15/2017 - 01:02
The board of Xceligent Inc., one of the largest commercial real-estate data firms in the U.S., has filed for chapter 7 liquidation following a year-long legal battle with rival CoStar Group Inc. over alleged data theft.
Categories: FINANCIAL NEWS

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