Archive for the ‘BUSINESS’ Category

Kinship Emerges as Immigration Flashpoint

Thursday, January 18th, 2018

Lately, the case against family-based migration has taken a strident turn. Immigration restrictionists, including President Donald Trump, portray it as a conduit for terrorism and crime, writes Greg Ip.

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GOP Senator to Block Two Trump Nominees Over Trade Concerns

Thursday, January 18th, 2018

A GOP senator with concerns about President Trump’s trade policy said Wednesday he would block two of the president’s nominees, saying the Trump administration hasn’t been responsive to his concerns on the issue.

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Verizon Teams With NBA on ‘League Pass,’ Fan Content

Wednesday, January 17th, 2018

Verizon has struck a deal with the NBA that extends its relationship with the league beyond streaming games and into content creation as well as augmented-reality fan experiences.

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Senate Panel Again Votes to Back Powell as Fed Chief

Wednesday, January 17th, 2018

The Senate Banking Committee on Wednesday voted for the second time to advance the nomination of Jerome Powell to be the next chairman of the Federal Reserve.

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First GE, Now Rolls-Royce: Engine Maker Considers Spinoff

Wednesday, January 17th, 2018

British aircraft-engine maker Rolls-Royce said it may sell its commercial-marine business, joining rival industrial giants such as General Electric in taking steps to reinvent themselves under activist investor pressure.

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Old-Age Safety Net Frays for Millions of Americans

Wednesday, January 17th, 2018

Long-term-care insurance was supposed to help pay for nursing homes, assisted living and personal aides. Now, though, the industry is in financial turmoil, causing misery for many of the 7.3 million people who own a long-term-care policy.

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One Accounting Firm Wants to Hire Retirees

Wednesday, January 17th, 2018

Mandatory retirement might seem like a relic but it remains common at accounting firms. But one firm in the top 100, PKF O’Connor Davies LLP, turns the practice upside down, seeking out and hiring senior accountants who have aged out at other firms.

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For GE, a Breakup Is No Quick Fix

Wednesday, January 17th, 2018

While GE’s core Aviation, Power and Healthcare divisions would be among the biggest players in their markets, separating them would require unraveling intertwined operations, pensions and debts.

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With Workplace Suicides Rising, Companies Plan for the Unthinkable

Wednesday, January 17th, 2018

With instances of employees ending their lives at the office on the increase, companies are training managers to spot warning signs and cope with the aftermath.

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Fed’s Kaplan Sees 3 Rate Rises This Year, but Says More May Be Needed

Wednesday, January 17th, 2018

Dallas Fed President Robert Kaplan said he expects the U.S. central bank will need to raise interest rates three times this year and perhaps even more to prevent a robust economy from overheating.

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Dentsply Sirona Taps Outsider for CEO Following Forced Resignations

Wednesday, January 17th, 2018

Dentsply Sirona has named a new chief executive, months after the dental supply company forced three of its top executives to resign following a soured merger.

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How Trump Has Remade the Rules for Business

Wednesday, January 17th, 2018

The Trump administration in its first year has pushed for deregulation across industries. The effort has included high-profile actions, such as reversing Obama-era rules on internet traffic and power-plant emissions. But there have been hundreds of narrower steps as well. Here is a sampling of the major changes.

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U.S. Industrial Production Rose 0.9% in December

Wednesday, January 17th, 2018

U.S. industrial production rose sharply in December despite slow growth in the manufacturing sector, its largest component.

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Nissan Expects to Build New U.S. Plant

Wednesday, January 17th, 2018

Nissan Motor’s chief executive said the company believes it will need to build a new plant in the U.S. in four or five years, when the car maker would be ready for another push to expand.

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To Woo Amazon, Cities Tackle Everything From Traffic to Housing

Wednesday, January 17th, 2018

Amazon’s contest to find a place for its second headquarters is spurring civic leaders around the country to confront municipal problems that have confounded lawmakers and local leaders for decades.

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Pipeline Builders Outflank Opposition with Expansions

Wednesday, January 17th, 2018

As environmentalists and local activists make it difficult to build new oil and gas lines, energy companies are simply supersizing old pipes that already exist.

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Companies Tout Tax Benefits as Earnings Season Begins

Wednesday, January 17th, 2018

Some of the biggest U.S. companies are promising significant annual savings, bigger pension contributions, higher dividend payments and more extensive stock buybacks as executives start to discuss the impact of the federal tax overhaul.

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Maersk, IBM Partner on Blockchain for Global Trade

Wednesday, January 17th, 2018

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.

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Celgene in Talks to Buy Juno Therapeutics

Wednesday, January 17th, 2018

Celgene Corp. is in talks to buy biotechnology company Juno Therapeutics Inc., just days after announcing another major deal to bolster its portfolio of blood-cancer drugs.

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Ford Sees Lower Operating Profit on Earnings-per-Share Basis

Wednesday, January 17th, 2018

Ford said it expects lower operating profit on an earnings-per-share basis in 2018, with higher commodity costs and adverse exchange rates offsetting gains from cost-cutting efforts and continued demand for high-margin pickup trucks.

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States, Activists Challenge FCC Rollback of Net-Neutrality Rules

Wednesday, January 17th, 2018

State attorneys general and internet activists filed legal challenges to the Federal Communications Commission’s recent rollback of Obama-era internet regulations, launching a legal battle that could go on for years.

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YouTube Subjecting All ‘Preferred’ Content to Human Review

Wednesday, January 17th, 2018

YouTube is ordering workers to review thousands of hours of its most popular content and setting new limits on which videos can run ads, in moves to ease advertisers’ worries that their brands are showing up alongside offensive or controversial videos.

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The Last Place on Earth Where Everyone Still Loves Kmart

Tuesday, January 16th, 2018

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.

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A Slowdown Is in Store forthe Self-Storage Business

Tuesday, January 16th, 2018

For most of the current economic expansion, the self-storage sector has been beating all other major commercial property types in earnings growth and stock performance. But growth is slowing as markets get flooded with new supply.

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Want to Break up Facebook and the Tech Giants? Here’s the Argument

Tuesday, January 16th, 2018

Facebook, Google, Amazon and Apple dominate their worlds just as Standard Oil and AT&T once did. Critics say they should get the same treatment. The answer to the antitrust question depends on a narrow test: Are consumers worse off?

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Nestlé Sells Butterfinger and BabyRuth Unit to Italian Candy Maker

Tuesday, January 16th, 2018

Ferrero International, the Italian confectionery maker, muscled further into the North America market, agreeing to pay $2.8 billion in cash to buy Nestlé’s U.S. chocolate business that includes the Butterfinger and Baby Ruth brands.

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

Tuesday, January 16th, 2018

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.

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

Tuesday, January 16th, 2018

Energizer Holdings said Tuesday it will buy Spectrum Brands Holdings’s battery and portable lighting business for $2 billion in cash.

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UnitedHealth Profit Rises as Both Healthcare, Optum Businesses Grow

Tuesday, January 16th, 2018

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.

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

Tuesday, January 16th, 2018

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.

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