WALL STREET JOURNAL - US. BUSINESS NEWS

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US Business
Updated: 32 sec ago

White House Considering San Francisco Fed's Williams for Fed Vice Chairman

7 hours 44 min ago
The White House is considering John Williams, the president of the San Francisco Fed, as a candidate to serve as the vice chairman of Federal Reserve Board in Washington, according to people familiar with the matter.
Categories: FINANCIAL NEWS

American Express Reports First Loss in Quarter-Century

8 hours 6 min ago
American Express recorded its first quarterly loss in a quarter-century and said it would suspend its share-buyback program as it absorbed a hit from tax changes in the U.S.
Categories: FINANCIAL NEWS

IBM Revenue Grows for the First Time Since 2012

Thu, 01/18/2018 - 22:30
International Business Machines Corp. reported higher revenue for the first time in 23 quarters and signaled continued growth into 2018, giving Chief Executive Ginni Rometty breathing space as she tries to turn around the century-old tech giant.
Categories: FINANCIAL NEWS

Bankruptcy Judge Rules Against Settlement Triggering GM Payout

Thu, 01/18/2018 - 21:49
General Motors avoided a potential $1 billion-plus stock payout to address claims stemming from the auto giant’s ignition-switch crisis after a judge found a settlement between plaintiffs and a trust for the company’s bankruptcy estate unenforceable.
Categories: FINANCIAL NEWS

Keystone XL Pipeline Obtains Enough Shipper Commitments to Proceed

Thu, 01/18/2018 - 20:41
TransCanada announced that it has received enough commitments from oil shippers to advance construction of its controversial Keystone XL pipeline expansion.
Categories: FINANCIAL NEWS

Hospitals Plan to Produce Generic Drugs in Bid to Fix Troubled Market

Thu, 01/18/2018 - 20:38
Four nonprofit hospital groups, frustrated with common shortages and price spikes that they say have hampered patient care, are joining forces to manufacture and market generic drugs.
Categories: FINANCIAL NEWS

ADT IPO Drawing Muted Interest

Thu, 01/18/2018 - 20:38
Home-security company ADT Inc.’s initial public offering is likely to price below its expected range of $17 to $19 a share on Thursday, according to people familiar with the deal.
Categories: FINANCIAL NEWS

With Tax Savings, Some Employers to Boost 401(k) Contributions

Thu, 01/18/2018 - 20:24
A growing number of companies plan to use some of the savings they expect to realize from the tax overhaul to boost their contributions to employees’ 401(k) retirement-savings accounts.
Categories: FINANCIAL NEWS

Hack at Petrochemical Plant Compromised a Safety System

Thu, 01/18/2018 - 20:02
Hackers who attacked a petrochemical plant in Saudi Arabia last year gained control over a safety shut-off system that is critical in defending against catastrophic events.
Categories: FINANCIAL NEWS

Peugeot Sees Opel as Key Link for Re-Entry to U.S. Market

Thu, 01/18/2018 - 19:43
Peugeot is using its purchase of GM’s German unit to lay the engineering groundwork to make its global product lineup capable of meeting U.S.-market standards.
Categories: FINANCIAL NEWS

Drugmaker Raises U.S. Price of Muscular-Dystrophy Treatment

Thu, 01/18/2018 - 18:14
PTC Therapeutics Inc. this month increased the list price of its muscular-dystrophy treatment by about 9%, to more than $65,000 annually for a common dosage.
Categories: FINANCIAL NEWS

Qualcomm Secures EU Approval for NXP Deal

Thu, 01/18/2018 - 16:06
Qualcomm won conditional European Union antitrust approval for its $39 billion acquisition of NXP Semiconductors.
Categories: FINANCIAL NEWS

Amazon Narrows Choices for Second Headquarters to 20

Thu, 01/18/2018 - 15:36
Amazon named 20 metropolitan areas as finalists for its second headquarters after reviewing 238 proposals from across the U.S., Canada and Mexico. New York, Chicago, Columbus, Ohio, and Indianapolis are among the choices.
Categories: FINANCIAL NEWS

China's Robust Growth to Face Pressure in 2018

Thu, 01/18/2018 - 15:27
China’s economic growth accelerated for the first time in seven years last year, reaching 6.9% on rising demand. But the expansion’s key drivers, from investment to consumption, appear to be weakening.
Categories: FINANCIAL NEWS

Streaming TV's Drop-In, Drop-Out Problem

Thu, 01/18/2018 - 15:10
As they court a generation of cable TV cord-cutters, streaming services are making it easy for subscribers to come and go as they please. But the risk is that the flexibility will lead to a higher level of service cancellations, or “churn,” than in traditional TV.
Categories: FINANCIAL NEWS

Wyndham to Buy La Quinta Hotels in $1.95 Billion Deal

Thu, 01/18/2018 - 14:52
The La Quinta purchase would add 900 hotels to Wyndham’s portfolio.
Categories: FINANCIAL NEWS

U.S. Jobless Claims Fell to Near 45-Year Low

Thu, 01/18/2018 - 14:35
The number of Americans filing applications for new unemployment benefits fell last week to the lowest level in nearly 45 years, a sign the labor market is beginning 2018 with strong momentum.
Categories: FINANCIAL NEWS

U.S. Housing Starts Dropped Sharply at the End of 2017

Thu, 01/18/2018 - 14:33
U.S. housing starts fell sharply in December, but still capped a solid year of new single-family home construction.
Categories: FINANCIAL NEWS

BP Returns to a Northern Iraq Now Free of Islamic State

Thu, 01/18/2018 - 14:14
BP will return to northern Iraq for the first time since Islamic State swept through the region three years ago, potentially heralding a new era of stability in one of the world’s most dangerous energy-production provinces.
Categories: FINANCIAL NEWS

Airbus Wins A380 Superjumbo Lifeline From Emirates

Thu, 01/18/2018 - 12:16
Emirates announced a $16 billion deal for up to 36 more Airbus A380 superjumbos, extending a lifeline to the European planemaker’s struggling flagship program that was at risk of production ending without the deal.
Categories: FINANCIAL NEWS

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