WALL STREET JOURNAL - US. BUSINESS NEWS

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Ferrero Purchases Nestlé's U.S. Chocolate Business

Tue, 01/16/2018 - 19:13
Ferrero International, the Italian confectionery maker, muscled further into the North America market, agreeing to pay 2.8 billion Swiss Francs in cash to buy Nestlé’s U.S. chocolate business that includes the Butterfinger and BabyRuth brands.
Categories: FINANCIAL NEWS

Going-Out-of-Business Sales Don't Always Mean Stores Are Closing

Tue, 01/16/2018 - 19:09
Sometimes liquidation sales can be effective negotiation tools. Of 17 retailers with more than 100 stores each that filed for bankruptcy in 2017, only Limited Stores Wet Seal, Vanity Shop and Hhgregg closed their entire fleet of stores for good.
Categories: FINANCIAL NEWS

The Last Place on Earth Where Everyone Still Loves Kmart

Tue, 01/16/2018 - 18:53
The Guam location, by far the chain’s busiest store, is protected by an expanse of ocean from the rapidly changing consumer market, prospering in a kind of retail Galapagos.
Categories: FINANCIAL NEWS

Maersk, IBM Partner on Blockchain for Global Trade

Tue, 01/16/2018 - 16:58
Shipping giant Maersk said it would enter a joint venture with IBM to create a more efficient and secure platform for organizing global trade using blockchain technology.
Categories: FINANCIAL NEWS

GM to Take $7 Billion Charge for U.S. Tax Overhaul

Tue, 01/16/2018 - 14:44
General Motors said 2017 pretax profit last year ended up at the high end of its previous forecast, but disclosed it will take a $7 billion write-down on deferred-tax assets stemming from the sweeping tax-overhaul bill passed last month.
Categories: FINANCIAL NEWS

Chevron Returns to Iraqi Kurdistan's Oil Fields

Tue, 01/16/2018 - 14:19
Chevron is resuming drilling in Iraqi Kurdistan and taking steps to send staff there again, a sign that tensions between Baghdad and the Kurdistan Regional Government are easing.
Categories: FINANCIAL NEWS

You're Stuck With Batteries---But New Tech Will Make Them Last Longer

Tue, 01/16/2018 - 14:00
While batteries seem to be moving at a slower clip than other tech development, products and concepts on display at the annual CES trade show address some of our biggest power problems.
Categories: FINANCIAL NEWS

UnitedHealth Profit Rises as Both Healthcare, Optum Businesses Grow

Tue, 01/16/2018 - 13:20
UnitedHealth’s quarterly profit beat analysts’ expectations and the health insurer raised its yearly outlook, as revenue from both its health care and health care services businesses increased.
Categories: FINANCIAL NEWS

GE to Take Massive Charge to Shore Up Insurance Reserves

Tue, 01/16/2018 - 13:18
General Electric said it expects a $6.2 billion after-tax charge in its fourth quarter after reviewing GE Capital’s runoff insurance portfolio.
Categories: FINANCIAL NEWS

Ericsson, Humbled by Huawei, Takes Another $1.8 Billion in Charges

Tue, 01/16/2018 - 13:09
Ericsson said it is writing down $1.77 billion in assets, the latest in a series of charges at the Swedish telecoms-equipment maker as it retools itself to better compete with nimbler Chinese manufacturers.
Categories: FINANCIAL NEWS

Energizer to Buy Spectrum's Batteries and Lighting Unit for $2 Billion

Tue, 01/16/2018 - 12:34
Energizer Holdings said Tuesday it will buy Spectrum Brands Holdings’s battery and portable lighting business for $2 billion in cash.
Categories: FINANCIAL NEWS

Under Trump, the Business World Notches a Net Success

Tue, 01/16/2018 - 12:13
The tax overhaul that President Trump signed into law last month capped a year in which his initiatives on taxes, regulation—and many of his public pronouncements on the economy—have been broadly welcomed by business, even though his relationship with CEOs has sometimes stumbled.
Categories: FINANCIAL NEWS

Google Heads Underwater to Boost Its Cloud Business

Tue, 01/16/2018 - 11:30
Google is expanding its sprawling network of undersea cables to plug into new regions around the world, in a bid to speed up its cloud-computing business and catch up to rivals Microsoft Corp. and Amazon.com Inc.
Categories: FINANCIAL NEWS

BP to Book $1.7 Billion Charge for Deepwater Horizon Claims

Tue, 01/16/2018 - 09:29
BP’s fourth-quarter profits are under threat from multibillion-dollar charges related to the company’s fatal blowout in the Gulf of Mexico eight years ago and changes to the U.S. corporate tax rate.
Categories: FINANCIAL NEWS

Chinese Auto Maker Dumping 'Trumpchi' Name For U.S. Push

Tue, 01/16/2018 - 04:29
Guangzhou Automobile Group is planning to be the first Chinese auto maker to enter the U.S. market, but first it needs to ditch its “Trumpchi” brand name.
Categories: FINANCIAL NEWS

Platinum, Clinging to its Status as a Top Precious Metal, Faces a Crisis

Tue, 01/16/2018 - 01:04
With industrial uses on the wane, producers are cutting jobs, selling assets and spending millions of dollars in advertising. Their Hail Mary is to entice a new generation of jewelry buyers to switch from gold.
Categories: FINANCIAL NEWS

Airbus Boss Takes Aim at Trump's Trade Stance

Tue, 01/16/2018 - 00:56
Airbus SE Chief Executive Tom Enders has flatly accused the Trump administration of protectionism, while criticizing rival Boeing Co. for exploiting such sentiments.
Categories: FINANCIAL NEWS

Fiat Chrysler CEO Rules Out Selling Brands or Splitting Up Company

Tue, 01/16/2018 - 00:33
CEO Sergio Marchionne said Monday he has no plans to sell its Jeep business or split up the company, cooling speculation but leaving the company’s long-term strategy unclear.
Categories: FINANCIAL NEWS

Shell Bids a Long Goodbye to Middle Eastern Oil

Mon, 01/15/2018 - 23:45
Royal Dutch Shell is giving up on its last oil fields in Iraq, leaving the world’s second-biggest oil company with a dwindling footprint in the Middle East—a region it helped build into a petroleum powerhouse.
Categories: FINANCIAL NEWS

Greece's Parliament Votes on Another Bailout Reform Package

Mon, 01/15/2018 - 22:13
Greece’s parliament voted on dozens of fiscal, labor and energy reforms, as the government seeks to wrap up the current review of its bailout program, leaving just one inspection before the end of the country’s bailout regime after eight years.
Categories: FINANCIAL NEWS

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