Xerox Says CEO Had Authority on Fujifilm Deal Talks

11 min 55 sec ago
Xerox Corp. defended Chief Executive Jeff Jacobson against a billionaire shareholder’s accusations and said he had proper board authority to negotiate a deal with Fujifilm Holdings Inc.

Philadelphia Police Chief Apologizes for Starbucks Incident

37 min 35 sec ago
Philadelphia Police Commissioner Richard Ross offered an apology to two black men who were arrested last week at a Starbucks.

Mattel CEO Margo Georgiadis in Talks to Leave Company

1 hour 41 min ago
Mattel Chief Executive Margo Georgiadis is in discussions to leave the toy maker, in what would be an abrupt exit at a company struggling with slumping sales and in the midst of a restructuring.

AT&T Chief Takes Stand to Defend Time Warner Deal

2 hours 6 min ago
AT&T Chief Executive Randall Stephenson began his court testimony defending his company’s $85 billion acquisition of Time Warner against the Justice Department’s antitrust claims.

FDA Panel Backs Proposed Epilepsy Drug Derived From Cannabis

3 hours 4 min ago
An FDA advisory panel recommended approval of what could become the first prescription drug in the U.S. derived from the marijuana plant, as a treatment for people with rare forms of epilepsy.

Philip Morris Shares on Track for Worst Day in a Decade

3 hours 7 min ago
Philip Morris was on track for its worst percentage decline in a decade, dragging down other tobacco stocks as cigarette volumes dropped more than expected and the IQOS product experienced slower growth.

National Enquirer Parent, Staunch Trump Backer, Faces Mounting Debt, Shrinking Sales

3 hours 28 min ago
American Media Inc., publisher of the National Enquirer supermarket tabloid, faces ballooning debt, falling revenue and shrinking newsstand sales, according to company reports reviewed by The Wall Street Journal.

U.S. Leading Economic Indicators Rose in March

6 hours 21 min ago
An economic index that measures U.S. business trends continued to increase in March, pointing to robust economic growth throughout 2018.

Nucor Benefits from Steel Tariffs, Price Increases

6 hours 52 min ago
Some U.S. steelmakers say their bottom lines are getting an early boost from tariffs the Trump administration recently implemented on imports of the metal from certain countries.

Proposed U.S. Tariffs on China Risk Penalizing Manufacturers Unevenly

7 hours 4 min ago
President Donald Trump’s proposed tariffs on China stand to disproportionately hurt U.S. manufacturers that rely more on Chinese imports, potentially driving up costs that would put them at a competitive disadvantage and raising consumer prices.

In a U.S.-China Tech Battle, Lots of Self-Inflicted Wounds

7 hours 59 min ago
The U.S. and China’s tit-for-tat measures have put technology firms at the center of an escalating trade fight, placing new constraints on the companies’ strategic plans and threatening their access to giant markets.

Japan's Surging Car Exports Raise Risk of U.S. Trade Fight

7 hours 59 min ago
There’s a big reason why Japan doesn’t want to talk about a trade deal with Donald Trump: Its auto exports are booming.

Shire Rejects $60 Billion Bid From Takeda

8 hours 25 sec ago
Japan’s Takeda said it has made a $60 billion takeover offer for Shire, a bid it said its Dublin-headquartered rival has rejected. Takeda said talks were continuing.

U.S. Jobless Claims Fell Last Week

8 hours 4 min ago
The number of Americans claiming new unemployment benefits fell last week for the third time in four weeks, signaling continued health in the labor market.

P&G Slogs Through 'Difficult' Markets for Sales Growth

8 hours 5 min ago
Procter & Gamble reported weak sales growth in its latest quarter as it continues to face challenges in its Gillette shaving business and struggles to raise prices on its well-known brands.

Alibaba Signs Up to Help Out Thailand

8 hours 52 min ago
Alibaba’s Jack Ma signed agreements Thursday that make the Chinese e-commerce giant one of the first big names to join a project that Thailand’s ruling junta hopes can help close a yawning income gap.

Why Paying for Fast Shipping Could Get You Flagged as a Fraudster

9 hours 21 min ago
When people shop online, their movements are tracked and shared with an outside firm that scores their behavior and decides whether to approve or deny purchases.

Iceland Takes Hard Look at Tech Boom Sparked by Its Cheap, Bountiful Power

11 hours 15 min ago
Lawmakers worry a proliferation of data centers lured by Iceland’s Nordic climate and the geothermal steam is threatening the environment and tourism

First Saudi Movie Theater in Decades Opens With 'Black Panther'

11 hours 21 min ago
Saudi Arabia opens its first new cinema in 35 years this week, ushering in a historic change in a country where movie theaters were until recently widely seen as immoral and un-Islamic.

"Avengers: Infinity War" Poised For Massive Opening

11 hours 49 min ago
One week before it hits theaters, “Avengers: Infinity War” is poised for a massive box office debut that could unseat 2015’s “Star Wars: The Force Awakens” as the biggest opening of all time in the U.S. and Canada.

Will 'Fortnite' Ambush Profits at Rival Videogames?

11 hours 51 min ago
The impact of the surprise gaming phenomenon “Fortnite” on rival video-game makers should become more clear over the next couple of weeks when quarterly results are reported.

Big Brands Struggle to Raise Prices

12 hours 31 min ago
Unilever and Nestlé struggled to raise prices in the first quarter, illustrating how the world’s largest consumer goods companies are facing increasingly fierce competition.

Qualcomm's $44 Billion Purchase of NXP Has 'Hard to Resolve' Issues: China

17 hours 23 min ago
China is the last major government yet to approve the pending deal and this is its first public comment since Beijing-Washington trade tensions ramped up.

MoviePass Owner's Shares Tumble After Stock-Sale Plan

17 hours 25 min ago
Helios & Matheson Analytics Inc. plans to sell up to $150 million worth of stock and largely pump the money into MoviePass Inc., the fast-growing movie-theater subscription company it bought last year.

Facebook Plans to Build Its Own Chips as Part of Hardware Push

17 hours 27 min ago
Facebook is planning to design chips that could be used in its consumer devices, artificial-intelligence software and data centers, according to a person familiar with the matter and recent job listings.

P&G Nears Deal to Acquire Merck KGaA's Consumer-Health Unit

17 hours 28 min ago
P&G is near a deal acquire the consumer-health business from Germany’s Merck KGaA, adding to its lineup of vitamins and supplements.

Is the U.S. Shale Boom Hitting a Bottleneck?

19 hours 5 min ago
West Texas’ Permian basin, the oil field at the heart of the shale boom, is hitting its growth limits faster than anticipated, with big ramifications for profits and markets.

Wynn Resorts Adds Three Women to Board, Bringing It to 11 Members

19 hours 48 min ago
Wynn Resorts Ltd. has expanded its board to 11 members, adding three women as independent directors.

Fan Blade, Engine Cover Are Factors in Southwest Flight 1380 Engine Failure

19 hours 54 min ago
Safety experts tracking the probe of what caused Southwest Airlines Flight 1380’s deadly midair engine failure say vulnerabilities in a fan blade and the cowling, or engine cover, have emerged as risk factors.

Fox Rejected Higher Comcast Bid Due to Antitrust Concerns

21 hours 33 min ago
21st Century Fox rejected an offer for its entertainment assets from cable giant Comcast largely over antitrust concerns, according to a regulatory filing, even though the bid was 16% higher than what Disney ultimately agreed to pay.

Bank of Canada's Poloz: Recovering From Nafta Uncertainty Could Take Time

22 hours 35 min ago
Canada’s business investment and exports have suffered on trade policy uncertainty and may not immediately recover once talks on the North American Free Trade Agreement conclude, Bank of Canada Gov. Stephen Poloz says.

Amazon Prime Has More Than 100 Million Members

23 hours 3 min ago
More than 100 million people globally are now paying for Amazon Prime, a sign of how Amazon.com Inc. has used the service to evolve from an online marketplace that struggled with profitability into an internet-commerce powerhouse.

Fed's Dudley Warns Trade Wars Aren't Winnable

Wed, 04/18/2018 - 23:51
New York Fed President William Dudley said there would be no happy endings to the U.S. engaging in a trade war with other nations.

Stricter Limits on Combustible Panels in High-Rise Construction Could Be Coming

Wed, 04/18/2018 - 23:49
Makers of combustible-core building panels want a return to limits on the use of their product on building exteriors at 40 feet, almost a year after London’s deadly Grenfell Tower fire.

Local Leaders in Philadelphia Push Starbucks to Address Racial Injustice

Wed, 04/18/2018 - 23:16
Top Starbucks executives and about 40 Philadelphia clergy and community leaders met in what local leaders say was the beginning of an effort to push the coffee company to play a leading role in addressing racial injustice.

How Tony Podesta, a Washington Power Broker, Lost It All

Wed, 04/18/2018 - 23:11
The longtime Democratic lobbyist had money, power, connections and a rarified art collection. Then came a divorce, Paul Manafort and Donald Trump, and just like that, his world came crashing down.

Bank of Canada Holds Key Rate Steady at 1.25%

Wed, 04/18/2018 - 20:47
The Canadian economy is operating close to capacity but low interest rates are still needed to support growth, Bank of Canada Gov. Stephen Poloz said as the central bank held its key rate steady.

Why Tech Titans Are Betting on India, in 14 Charts

Wed, 04/18/2018 - 20:30
India, the world’s last major untapped tech market, is drawing billions in investments as internet heavyweights prepare to cash in when hundreds of millions of people get access to the Web.

Fed Report Finds Tight Labor Markets, but Modest Wage Growth

Wed, 04/18/2018 - 20:09
Economic activity expanded across the U.S. in March and early April, with widespread employment growth but mostly modest wage increases, according to a Federal Reserve report released Wednesday.

More Employers Avoid Salary-History Questions When Hiring

Wed, 04/18/2018 - 18:11
Some big companies are instructing recruiters not to ask about salary or benefits a candidate received in other positions, as more employers shift away from using past wages as a guide for setting their future pay.

Flattening Yield Curve Raises Warning Flag

Wed, 04/18/2018 - 17:57
The gap between short- and long-term Treasury yields is at its narrowest in more than a decade, reflecting investors’ confidence the Fed will maintain its path on rates.

Telecom ZTE Delays Earnings Report to Assess U.S. Penalty Action

Wed, 04/18/2018 - 16:41
Chinese telecom ZTE is delaying the release of its quarterly earnings report as it wrestles with the implications of a ban on sales of U.S. products to the company.

VW's Resurgence Faces Old Auto Industry Realities

Wed, 04/18/2018 - 16:28
Volkswagen has come a long way since its emissions scandal. But investors might benefit from tempering their recent enthusiasm.

Which Airlines Go Cheap on Wine?

Wed, 04/18/2018 - 15:59
What you get in business class can vary widely depending on the airline, and even on whether you’re on the ground or in the air.

McDonald's Problems in India Grow With Tax Beef

Wed, 04/18/2018 - 15:48
Indian tax authorities have raided the offices of McDonald’s biggest partner in India, another potential setback for the fast-food giant which was already locked in an ugly break up with its only other licensee in the fast-growing South Asian nation.

Tesla Could Benefit from China's New Rules for Foreign Auto Makers

Wed, 04/18/2018 - 15:18
China’s announcement Tuesday that it will ease its strict joint-venture rules on foreign auto makers could benefit Tesla at a time when the Silicon Valley auto maker needs a charge.

How the Tax Cut President Trump Loves Will Deepen Trade Deficits He Hates

Wed, 04/18/2018 - 14:32
Among President Donald Trump’s most deeply held economic convictions is the idea that trade deficits are bad, yet his major tax cut likely will deepen the trade deficits he abhors for years to come.

Southwest Accident Puts Focus on Widely Used Engine

Wed, 04/18/2018 - 14:14
The engine failure that killed a passenger aboard a Southwest Airlines flight puts the spotlight on one of the industry’s most commonly used engines.

Weak Inflation Reinforces ECB Caution Over Stimulus Taper

Wed, 04/18/2018 - 14:04
Eurozone consumer prices rose more slowly than first estimated in the 12 months through March, a fresh setback for the European Central Bank in its lengthening struggle to meet its inflation target.

Retail Rivals Amazon and Best Buy Team Up to Sell Smart TVs

Wed, 04/18/2018 - 12:00
Best Buy will sell Amazon-powered TVs in its stores and on its website, and also become a merchant on Amazon’s website, where it will sell these TV sets exclusively.

Apple Faces the Music

Wed, 04/18/2018 - 11:40
Music is key to growing Apple’s services base, but big profits will have to come from elsewhere.

Satellite Project Draws Airbus, SoftBank, Bill Gates as Investors

Wed, 04/18/2018 - 11:17
Airbus and two of the world’s most recognizable tech billionaires, Microsoft founder Bill Gates and SoftBank CEO Masayoshi Son, propose to build and launch some 500 small satellites to provide unmatched video coverage of the globe.

Total Makes Latest Power Play With Electricity Deal

Wed, 04/18/2018 - 10:04
Total said it would pay $1.73 billion for a majority stake in electricity provider Direct Energie, the latest step in the company’s strategy to become a power player.

SoftBank Fixes Four Years of Tax Filings After Failing to Report Some Earnings

Wed, 04/18/2018 - 09:37
Japanese authorities uncovered about $875 million worth of unreported earnings at subsidiaries, located in Bermuda and Singapore, of its U.S. telecom units Sprint and Brightstar.

Facebook Provides a Preview of Its Privacy Makeover

Wed, 04/18/2018 - 07:00
In a preview of how Facebook is changing its privacy policies, the site this week will start asking European users for permission to use their personal data to power features like facial recognition and some forms of targeted advertising.

Elaine Wynn Seeks to Overhaul Wynn Resorts Board

Wed, 04/18/2018 - 03:20
Wynn Resorts Ltd.’s largest shareholder, Elaine Wynn, demanded the company move swiftly to restructure its board and improve its corporate governance.

More Senior Executives Exit Nike

Wed, 04/18/2018 - 01:25
Three additional Nike executives have left the company, including the head of diversity and a senior manager in the basketball business.

IBM Reports Higher Revenue, Profit Down

Wed, 04/18/2018 - 01:11
International Business Machines Corp. reported its second consecutive quarter of higher revenue after nearly six years of declines, a sign that Chief Executive Ginni Rometty’s slow-moving turnaround may be taking hold.

Southwest Starts Accident Probe

Wed, 04/18/2018 - 01:08
Southwest Airlines CEO Gary Kelly said it was too early to comment on whether it would conduct additional aircraft inspections or restrict flying in the wake of its first fatal in-flight accident.

Fox News Stands by Hannity Over Undisclosed Ties to Michael Cohen

Wed, 04/18/2018 - 00:19
Fox News Channel is standing by on-air commentator Sean Hannity after the revelation that he has ties to President Donald Trump’s personal attorney, Michael Cohen, that he hadn’t disclosed on his popular program.

Trump's Establishment Picks Show Support for Fed Status Quo

Tue, 04/17/2018 - 23:36
President Donald Trump sharply criticized the Federal Reserve during his 2016 campaign, but his picks to run the central bank point toward policy continuity and stability rather than disruption.

Global Economic Policy Makers Gather Under Trade-War Cloud

Tue, 04/17/2018 - 23:29
Economic policy makers gathering in Washington are sticking to optimistic global growth forecasts in the face of growing risks, foremost being trade tensions that have unsettled financial markets.

JetBlue Flight Attendants Vote to Unionize

Tue, 04/17/2018 - 23:17
Flight attendants for New York-based carrier JetBlue Airways have voted to join the Transport Workers Union of America.

One Person Dies as Southwest Jet Makes Emergency Landing

Tue, 04/17/2018 - 22:48
One person died after a Southwest Airlines suffered an apparent engine failure and was forced to make an emergency landing in Philadelphia. The death marks the first U.S. airline fatality since 2009.

Starbucks Plans Racial-Bias Training Following Criticism Over Arrest

Tue, 04/17/2018 - 22:42
As Starbucks faces pressure over its handling of employee encounters with black customers, the company said it would temporarily close thousands of its U.S. company-owned stores in May to conduct racial-bias education.

United Trims Some of Its Capacity Growth Plans for This Year

Tue, 04/17/2018 - 22:41
United Continental Holdings said it is cutting back on some extra flying this year after rattling airline investors in January with plans for additional capacity that raised fears of an industry fare war.

Nate Silver's FiveThirtyEight Is Moving to ABC News

Tue, 04/17/2018 - 19:51
Statistics guru Nate Silver is leaving ESPN, but he is staying under the Walt Disney Co. umbrella.

Toys 'R' Us Rules Out Billionaire Bratz Maker's Offer

Tue, 04/17/2018 - 19:42
Toys “R” Us’s lawyers and advisers have shot down an eleventh-hour offer from billionaire toy maker Isaac Larian that would have kept some of its U.S. stores open.

The Ultra-Cheap Phones Even iPhone Users Will Crave

Tue, 04/17/2018 - 19:36
Flip phones and candy bars are back, with low prices, great battery life and some modern conveniences. And they might just save you from your smartphone.

FCC Takes Aim at Chinese Telecom Gear

Tue, 04/17/2018 - 18:54
U.S. regulators adopted a measure on Tuesday aimed at barring wireless carriers from using federal subsidies to buy telecommunications gear made by Chinese manufacturers.

China Central Bank Takes Pre-Emptive Move Against Ebbing Growth

Tue, 04/17/2018 - 17:47
China’s central bank gave a green light to banks to dig into reserves to lend more, signaling government worries about slowing momentum for economic growth amid rising trade tensions with the U.S.

The Comedian Who Bought the Weather Channel

Tue, 04/17/2018 - 16:35
Byron Allen got his start by writing jokes. He now runs Entertainment Studios, a media company with cable channels, TV shows, a film-distribution company and with its recent purchase of the Weather Channel, plans to expand.

The Business Case (and Plan) for Gender Equality

Tue, 04/17/2018 - 16:28
Whitney Wolfe Herd sounded an early alarm on Silicon Valley’s sexist culture in 2014 when she sued her former employer, the dating app Tinder, for discrimination and sexual harassment. Today she’s calling for concrete steps to improve gender inequities in the workplace.

Europe to Follow U.S. Lead in Sharing Data to Fight Crime

Tue, 04/17/2018 - 16:03
The U.S. and the European Union are aligning rules to help crime-fighters access suspects’ emails, text messages, photos and other data, despite simmering trans-Atlantic tensions.

The Instant Message Generation Gap

Tue, 04/17/2018 - 15:47
Some older workers bristle as chat apps proliferate, adding new distractions on top of endless emails.

How Long Until China Cranks Up the Debt Engine?

Tue, 04/17/2018 - 15:40
The country’s first-quarter growth was strong, boosted by a seasonal industry rebound. But it masked some worrying signs.

U.S., Israel Join Forces to Protect Astronauts From Radiation

Tue, 04/17/2018 - 15:20
U.S. and Israeli space officials have teamed up with a Tel Aviv-based technology startup to combat one of the gravest threats confronting future astronauts: excessive radiation exposure.

U.S. Industrial Production Rose 0.5% in March

Tue, 04/17/2018 - 15:19
U.S. industrial output rose in March, a sign of underlying strength in the economy as factories increased production of business equipment and autos.

IMF Forecasts Global Growth of 3.9% This Year, Strongest Since 2011

Tue, 04/17/2018 - 15:00
The global economy is on course to grow 3.9% this year, the fastest pace since 2011, with every major economy poised to grow for the second year in a row, according to the International Monetary Fund’s latest forecast.

AT&T, Time Warner CEOs to Take the Stand in Defense of Merger

Tue, 04/17/2018 - 14:45
AT&T CEO Randall Stephenson and Time Warner CEO Jeff Bewkes will take the witness stand this week to defend their proposed $85 billion merger, a key moment in a high-stakes court battle with U.S. antitrust enforcers.

U.S. Housing Starts Rise on Apartment Building

Tue, 04/17/2018 - 14:40
U.S. housing starts rose in March, an increase that could signal firming conditions in the housing market as apartment building rose.

Huawei Looks to Existing Markets as Tech Becomes Target in U.S.-China Trade Spat

Tue, 04/17/2018 - 14:39
Huawei said it plans to refocus on existing markets, following a series of setbacks in the U.S. and as the technology industry gets caught up in the spiraling trade spat between Washington and Beijing.

For New Trump Drug Plan, a Cautionary Tale in Italy

Tue, 04/17/2018 - 14:37
The Trump administration has drafted an executive order that ties drug costs to performance as a way to lower health-care spending in the U.S. But a similar attempt by Italy for more than a decade hasn’t found much success.

Johnson & Johnson Raises Sales Outlook

Tue, 04/17/2018 - 14:32
Johnson & Johnson reported higher-than-expected sales in its latest quarter and boosted its sales outlook for the year despite ongoing pricing pressures in the drug industry.

China to Ease Rules on Foreign Auto Makers

Tue, 04/17/2018 - 14:10
China said it will phase out rules requiring foreign auto makers to share their factory ownership and profits with Chinese companies by 2022, answering U.S. calls for a level playing field in the world’s biggest auto market.

China Targets American Farmers With Sorghum Surcharges

Tue, 04/17/2018 - 13:50
China’s Commerce Ministry said it would require importers to pay surcharges on U.S. sorghum shipments, following an investigation that initially found the grain was being dumped at prices that hurt domestic producers.

UnitedHealth Increases Guidance for Year

Tue, 04/17/2018 - 12:50
UnitedHealth reported an almost 31% increase in earnings for its latest quarter and increased its earnings outlook for the year.

IBM Earnings: What to Watch

Tue, 04/17/2018 - 11:30
International Business Machines is scheduled to announce first-quarter earnings after the market closes Tuesday. Here’s what to look for.

U.S., Britain Issue Warnings Over Chinese Telecom Equipment Maker ZTE

Tue, 04/17/2018 - 11:27
U.S. and British officials both issued warnings over giant Chinese telecommunications-equipment ZTE, signaling sharply escalating Western scrutiny of the sector.

Tesla Halts Model 3 Production Again

Tue, 04/17/2018 - 06:09
Tesla has again halted production of the Model 3 sedan, days after CEO Elon Musk said the auto maker’s pace of making 2,000 of the sedans a week is sustainable.

Walmart Is Making Its Website a Little Less Like Walmart

Tue, 04/17/2018 - 06:01
Walmart plans to redesign its website by decluttering the product listings, de-emphasizing the Walmart name and using a lot less bright blue in a bid to appeal to higher-end brands and encourage shoppers to browse.

China Fends Off Trade Trouble With 6.8% Growth

Tue, 04/17/2018 - 05:15
The first quarter’s faster-than-expected surge was fueled by robust sales at home and abroad and increased industrial production. It bucked expectations that a slowdown would take hold amid a government debt cleanup that’s crimping investment in property, infrastructure and factories.

Netflix Continues Growing Subscribers

Tue, 04/17/2018 - 04:51
Netflix reported another quarter of blockbuster subscriber growth that exceeded its own forecast and expectations from Wall Street, illustrating the ongoing demand for a service that now reaches 125 million people globally.

At Facebook, Median Pay Tops $240,000

Tue, 04/17/2018 - 04:15
Facebook employees earned a median pay package of more than $240,000 last year while Chief Executive Mark Zuckerberg’s total compensation was more than $8.8 million, according to the social-media company’s 2017 proxy.

Steve Wynn and Ex-Wife Elaine Wynn Settle Long-Running Litigation

Tue, 04/17/2018 - 03:59
Embattled casino mogul Steve Wynn has settled all remaining claims in a long-running lawsuit centered around a since-dissolved shareholders’ agreement with his ex-wife, Elaine Wynn.

TaskRabbit Discloses Cybersecurity Incident

Tue, 04/17/2018 - 02:40
TaskRabbit, an online marketplace for freelance labor that is part of Swedish furniture chain IKEA, on Monday took down its website and app and urged customers to change their passwords.

New York Times, New Yorker Share Pulitzer for Sexual-Harassment Coverage

Tue, 04/17/2018 - 01:33
The New York Times was awarded three Pulitzer Prizes, including the award for public-service journalism, while the Reuters news agency won two.

Advertising World Reels After Exit of WPP CEO

Mon, 04/16/2018 - 23:52
The exit of Martin Sorrell as CEO of WPP has the advertising sector reeling, as questions loom about the future strategy of the world’s largest advertising company without the man who shaped the course of the industry over the past 33 years.

No Overwhelming Support for More Online Regulation, Poll Finds

Mon, 04/16/2018 - 23:24
Congress has held high-profile hearings on Facebook and is debating new regulation of social media companies, but a Wall Street Journal/NBC News poll finds that Americans have only a limited appetite for new government oversight of social media companies.

Microsoft Turns to Old Enemy Linux to Solve Vexing Tech Threat

Mon, 04/16/2018 - 23:18
To head off cyberattacks like the one in 2016 that took down Twitter and Netflix, Microsoft is deploying Linux with enhanced security features.