Posts Tagged ‘Business’

Airlines Jump on Board Eclipse Excitement

Saturday, August 19th, 2017

As millions of people move into position for Monday’s solar eclipse, some airlines are encouraging travelers to get a little closer to the action.

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Power-Generation Company Calpine Agrees to Be Sold to Consortium

Friday, August 18th, 2017

Private-equity firm Energy Capital Partners and a group of co-investors has agreed to buy power-generation company Calpine for $5.6 billion.

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James Murdoch Criticizes Trump: ‘There Are No Good Nazis’

Friday, August 18th, 2017

James Murdoch, CEO of 21st Century Fox and board member at News Corp, became the latest major U.S. business leader to criticize President Donald Trump’s response to white supremacist violence in Virginia.

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Lost $12 Million Windfall Sparks Suit Against Delaware

Friday, August 18th, 2017

Two French scientists are suing Delaware because the state sold stock they owned in Idenix Pharmaceuticals without telling them. The case has implications across the U.S. as many companies are incorporated in Delaware.

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Poland Spring Suit Accuses Nestlé of ‘Colossal Fraud’

Friday, August 18th, 2017

Nestlé is facing a lawsuit in the U.S. alleging that its Poland Spring brand is “common groundwater” rather than spring water, which the suit claims makes the marketing of Poland Spring water a “colossal fraud.”

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Two Tenet Board Members Resign, Setting Up Potential Proxy Fight

Friday, August 18th, 2017

Two members of Tenet Healthcare’s board of directors, who represent the company’s largest institutional shareholder, have resigned their posts, citing “irreconcilable differences” over significant matters involving the company.

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Foot Locker Sales Miss Weighs on Sector

Friday, August 18th, 2017

Foot Locker reported worse-than-expected same-store sales in its latest quarter, a sign that the ‘athleisure’ market may be running out of steam.

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Skirting Netflix: Video Streamers Serve Up Horror, ’70s Fare, Anime

Friday, August 18th, 2017

Walt Disney Co.’s decision this month to stream its own movies and shows marks Hollywood’s latest—and biggest—attempt to wean itself from Netflix Inc.

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Third Bidder Emerges for Energy Future’s Oncor

Friday, August 18th, 2017

A new bidder has emerged with a $9.3 billion offer for power-transmission company Oncor that could wrest it from a deal with Warren Buffett’s Berkshire Hathaway Inc., according to people familiar with the matter.

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U.S. Consumer Sentiment Rose in August

Friday, August 18th, 2017

U.S. consumer sentiment increased in the first half of August to its highest level since January, as consumers cited a positive outlook for future economic conditions.

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U.S. Industrial Output Up Modestly in July

Friday, August 18th, 2017

Cooling auto sales have led to a drop in production at U.S. factories, constraining a key driver of economic growth in recent years.

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Yellen to Speak on Financial Stability at Jackson Hole Next Week

Friday, August 18th, 2017

Federal Reserve Chairwoman Janet Yellen will speak at the central bank’s annual economic symposium in Jackson Hole, Wyo., next week, the Fed announced Thursday.

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The 2008 Financial Crisis: How It All Began

Friday, August 18th, 2017

August 2007 marked the beginning of the worst financial crisis since the great depression. WSJ’s finance and banking editors break down the events that led to the 2008 financial crisis.

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Clothing Discounters Offer a Retail Bright Spot

Thursday, August 17th, 2017

Discount clothing sellers offered investors a rare alternative Thursday to woes in the retail sector, saying bargain-hunting customers are continuing to shop at value-focused stores.

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Uber Wins Ruling on ‘Terms of Service’ Agreements

Thursday, August 17th, 2017

A federal court found that Uber Technologies customers sign over their rights to sue in court when they click to agree to the ride-hailing company’s terms of service, which include a provision requiring arbitration.

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White House Pulls Plug on Infrastructure Advisory Panel

Thursday, August 17th, 2017

The White House pulled the plug on a planned council that was to advise President Trump on rebuilding the nation’s infrastructure, an apparent victim of the Charlottesville furor.

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New Ford CEO Hints at Changes in Auto Maker’s Self-Driving Plans

Thursday, August 17th, 2017

Fresh into his role as Ford Motor Co.’s chief executive, Jim Hackett said the auto maker is rethinking how customers are going to want to use self-driving vehicle technology.

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Hackett Plans Heavy Investments With His New Oklahoma Shale Play

Thursday, August 17th, 2017

Oilman Jim Hackett said Thursday that his new venture would increase drilling in Oklahoma’s Stack shale play and spend heavily on pipelines, storage facilities and gas-processing plants.

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AT&T-Time Warner Deal Reaches Advanced Stage

Thursday, August 17th, 2017

The government review of AT&T’s $85 billion takeover of Time Warner has reached an advanced stage, a sign that Donald Trump’s campaign-trail complaints about media concentration and his disdain for CNN haven’t gummed up the vetting process.

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Hormel Foods Buys Fontanini Brand Meats for $425 Million

Thursday, August 17th, 2017

Hormel has bought the Fontanini brand meat and sausage business for $425 million.

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Mylan Settles EpiPen Medicaid Overcharge Claims for $465 Million

Thursday, August 17th, 2017

Mylan agreed to pay $465 million to settle federal government claims that it overcharged the Medicaid program by millions of dollars for its EpiPen products.

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Jim Hackett’s Blank-Check Acquisition Company Finds a Target

Thursday, August 17th, 2017

Investors this spring gave former Anadarko Petroleum CEO Jim Hackett $1 billion to go forth and find yield. Now he’s putting that money into the merger of exploration outfit Alta Mesa Holdings and pipeline company Kingfisher Midstream.

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China Blockbuster Leads Pack as Box Office Stages a Comeback

Thursday, August 17th, 2017

A Chinese action film that taps into nationalist fervor has become the highest-grossing movie ever in China, showing that the box office here can still pack a punch following last year’s abrupt slowdown.

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U.S. Jobless Claims Dropped to 232,000 Last Week

Thursday, August 17th, 2017

The number of Americans filing new applications for unemployment benefits dropped last week from already low levels, a sign of health in the U.S. labor market.

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Wal-Mart Sales Rise as Retailer Dodges Industry Malaise

Thursday, August 17th, 2017

Wal-Mart Stores Inc.’s sales rose in the latest quarter, boosted by an e-commerce surge and strong grocery sales, a sign that the world’s largest retailer continues to brush off the malaise afflicting some competitors.

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MoviePass Says Success Will Bring Cooperation

Wednesday, August 16th, 2017

Digital ticketing company MoviePass said it plans to quickly amass subscribers and use the resulting market power to convince the film industry to work with it.

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Mexican Supreme Court Backs America Movil on Fees

Wednesday, August 16th, 2017

Mexico’s Supreme Court ruled a law requiring dominant phone carrier América Móvil SAB to complete calls from rival networks without charge is unconstitutional, leaving it up to regulators to determine interconnection fees.

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Trump’s Business Councils Disband After CEOs Defect

Wednesday, August 16th, 2017

Two of President Donald Trump’s councils of top business leaders are disbanding following Tuesday’s controversial remarks by the president about the weekend’s violence in Charlottesville, Va.

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Judge Temporarily Shields Car Makers From Some Air-Bag Lawsuits

Wednesday, August 16th, 2017

A bankruptcy judge issued a temporary stay shielding Honda, Toyota, Subaru and other automobile manufacturers from many lawsuits over defective air bags made by Takata.

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Fed Officials Split Over Timing of Next Rate Increase

Wednesday, August 16th, 2017

Fed officials meeting in July split over the timing of future rate increases as they struggled to understand why inflation has been so weak. But they agreed to soon begin the process of drawing down the central bank’s holdings, according to minutes of the July gathering.

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