Germany’s Thyssenkrupp, which CEO Heinrich Hiesinger aims to refocus on capital goods, took a big step away from its once-core steel business with the sale of its last steel plant in the Americas. Shedding its European steel unit is the next test.
Posts Tagged ‘Business’
The week ahead will feature a speech from Federal Reserve Chairwoman Janet Yellen and bring data from around the globe, including a first look at the February U.S. trade deficit, eurozone inflation and reports on Chinese manufacturing.
Industrial gas maker Air Products & Chemicals Inc. backed away from its bid to buy China’s Yingde Gases Group Co.
After a battle within the Republican party over its health-care bill, the GOP plans on moving on to something simpler: rewriting the U.S. tax code. But it might be heading right into another minefield.
The eurozone’s economy may have picked up during the first three months of 2017, according to surveys of purchasing managers, raising expectations that the ECB will consider a moderation of its stimulus measures over the coming year.
A federal judge ruled United Parcel Service illegally shipped millions of cigarettes to New York State from Indian reservations, opening up the parcel carrier to damages and other penalties for skirting taxes on tobacco products
More up-and-coming musical and comedy acts are using apps like YouNow and Live.ly to live-stream performances, interact with audiences—and rake in virtual-currency tips.
A Beijing court found Apple’s iPhone 6 and 6 Plus models don’t infringe on smartphone-design patents held by defunct local manufacturer Baili.
In China, the opposition to genetically altered food and grains has been brought to the forefront by ChemChina’s $43 billion deal to buy Syngenta, a leading producer of genetically engineered seeds.
Though an accident left him confined to a wheelchair, Edward Bennett went on to graduate from Yale and later served as president of the First National Bank of Santa Fe. He died March 3 at 57.
Hollywood studios are planning to move ahead with “premium” video on demand, making major movies available to home viewers within weeks after they hit theaters.
Johnson Controls won’t say how much Alex Molinaroli made after September because companies don’t have to disclose how much top executives were paid by a firm that disappears or becomes a subsidiary in a merger.
As rock ‘n’ roll loses its founding megastars—and sales juggernauts—the music industry faces pressure to revamp.
If the home-building industry had returned to the long-term average level of construction, it would have given a 1.8% boost to U.S. gross domestic product, according to a new study.
Beneath the placid surface of product pages lies an unseen world of bots, algorithms, flash crashes and fierce competition.
House Republicans’ failure to pass their bill overhauling the Affordable Care Act leaves health-care companies with continued challenges, most acutely for insurers facing decisions about whether to offer plans in the existing law’s marketplaces next year.
Charter Communications CEO Tom Rutledge pledged to hire 20,000 U.S. workers and invest $25 billion over the next four years at an event with President Trump, allowing the administration to trumpet a jobs announcement that had been in the works for some time.
Wal-Mart is rapidly buying up hip, small online retailers that appeal to wealthier shoppers in hopes of finally taking on Amazon. The deals give Wal-Mart access to new groups of shoppers, but some have balked at the change.
The head of PBS launched a spirited defense of public broadcasting, saying the organization would like to end reliance on federal funding if access for millions of Americans wasn’t dependent on that money.
A federal appeals court panel on Friday asked tough questions of health insurer Anthem, which is attempting to salvage its proposed $48 billion acquisition of Cigna after a trial judge blocked the combination as anticompetitive.
The Trump administration has signed a presidential permit for TransCanada to build Keystone XL, bringing the oil pipeline closer to fruition more than a year after former President Barack Obama blocked its construction.
Business groups hoped a quick repeal of the Affordable Care Act would give employers flexibility and create momentum for priorities like a tax overhaul. The decision by House GOP leaders and President Donald Trump to abandon a vote on the Republican health plan left them less certain.
Treasury Secretary Steven Mnuchin said the Trump administration is close to completing its proposal to overhaul the U.S. tax code and said any legislation to reduce corporate and individual rates needed to be comprehensive.
Lawsuits over fax spam have surged in recent years under a decades-old law that allows recipients of the unwanted ads to recover upward of $500 per message.
Demand for long-lasting factory goods rose in February for the second straight month due to big-ticket orders for civilian aircraft.
Brazil’s tainted meat scandal is driving up cattle prices and creating an opening for competitors in the U.S. and elsewhere that struggled to match the South American nation’s low production costs.
David Rockefeller grew from a shy, insecure child into a leader in banking, philanthropy and international relations. The former chief executive of Chase Manhattan Bank died Monday at age 101.
Amazon.com prevailed over the Internal Revenue Service in a more-than-$1.5 billion dispute over the online retailer’s transactions with a Luxembourg subsidiary.
Hard hit by consumers passing up stores to download games digitally and a tough holiday-shopping season, GameStop said Thursday it plans to close at least 150 of its 7,500 stores world-wide.
WikiLeaks on Thursday released new documents it says describe hacking tools used by the Central Intelligence Agency over the past decade to infect Apple Inc. devices.