Posts Tagged ‘Business’

Activist Investor Elliott Zeros In on BHP CEO

Thursday, October 19th, 2017

The chief executive of the world’s most valuable mining company, BHP Billiton, faces a vexing test: an activist investor that appears to be agitating for his ouster.

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U.S. Jobless Claims Fall to 44-Year Low

Thursday, October 19th, 2017

The number of Americans filing applications for new unemployment benefits fell to the lowest level in 44 years, reflecting power outages in storm-ravaged Puerto Rico and the U.S. Virgin Islands that have disrupted the application process.

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Nissan to Halt Japan Production as Inspection Scandal Deepens

Thursday, October 19th, 2017

Nissan Motor said it was suspending vehicle production for the Japanese market at all Japan plants because it found improper inspections took place even after it said it fixed the problem.

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Verizon Continues to Win Wireless Subscribers

Thursday, October 19th, 2017

Verizon Communications gained wireless subscribers in the latest quarter, as the telecommunications company worked to shore up its largest unit in light of its weakening television business. Revenue beat Wall Street expectations.

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GOP Divided Over Monetary Policy as Fed Chief Pick Looms

Thursday, October 19th, 2017

After criticizing the Fed for the past eight years, Republicans finally have a chance to change the course of the central bank when President Donald Trump nominates someone to take the helm in early 2018. But they are divided over which direction monetary policy should take.

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Ferrero Looks to Ferrera to Sweeten Its U.S. Product Mix

Thursday, October 19th, 2017

Global chocolate giant Ferrero International has agreed to buy Illinois-based Ferrara Candy, as the Italian company plans to gobble up another U.S. sweets producer at a time when consolidation is heating up in the sector.

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Changes in Store for Foreign Companies’ Tax Treatment in U.S.

Thursday, October 19th, 2017

Foreign companies operating in the U.S. could face major changes in their tax bills under an overhaul planned by Republicans. Those could include new surtaxes or limits on how much the companies can deduct on expenses.

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Amazon Has Built Site-Hunting Expertise With In-House Team

Thursday, October 19th, 2017

Amazon’s in-house economic-development team shows how important tax-incentive deals have become to its business model and gives a window into why the company took the step of pitting cities against each other to win the biggest subsidy package possible.

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Hochtief Launches $22 Billion Bid for Spain’s Abertis

Thursday, October 19th, 2017

Germany’s Hochtief made a $21.9 billion offer to buy Abertis, gatecrashing an effort by Italy’s Atlantia to acquire the Spanish toll-road operator.

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Norway’s Helly Hansen Nears Deal for U.K.’s Musto—Source

Thursday, October 19th, 2017

Norway’s Helly Hansen AS has agreed to acquire London-based Musto Clothing Ltd., the official clothing supplier to the British sailing and equestrian Olympic teams, according to a person familiar with the matter.

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Unilever Results Disappoint as Hurricanes Hit U.S. Sales

Thursday, October 19th, 2017

Unilever reported weaker third-quarter revenue growth as the maker of Breyers ice cream and Dove shampoo struggled with lower sales in developed markets.

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Nestle Results Highlight Pressure to Boost Returns

Thursday, October 19th, 2017

Nestlé said a key sales measure weakened in the first nine months of the year and that it doesn’t expect an improvement in the final quarter, underscoring the pressure it faces to boost its performance, including from activist investor Daniel Loeb.

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Toyota Says Aluminum From Kobe Steel Meets Standards

Thursday, October 19th, 2017

The Japanese auto maker said it doesn’t believe there are any vehicle-safety issues from the substandard aluminum supplied by Kobe Steel.

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Former Uber Executive Is Dropped From Privacy Lawsuit

Wednesday, October 18th, 2017

Uber’s former chief business officer, Emil Michael, was dropped as a defendant in a lawsuit that alleges top Uber executives invaded the privacy of a woman raped by a driver in India.

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Gilead Gets FDA Approval for New Cancer Therapy

Wednesday, October 18th, 2017

Gilead Sciences’ $11 billion bet on Kite Pharma is poised to pay off, with the approval of Kite’s flagship cell-therapy treatment for advanced lymphoma patients.

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Hearst Agrees to Acquire Rodale Inc.

Wednesday, October 18th, 2017

Hearst has agreed to purchase Rodale Inc., the family-owned publisher of magazines including Women’s Health, Men’s Health and Prevention, in a move that will give it a major presence in the health and wellness arena.

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EBay Shares Fall on Lowered Profit Outlook

Wednesday, October 18th, 2017

EBay Inc. reported higher-than-expected sales in its third quarter, but shares tumbled after the company lowered its annual profit outlook for the second consecutive quarter.

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United to Boost Flying Capacity as Unit Revenue Improves

Wednesday, October 18th, 2017

United Continental Holdings Inc. said it would continue to increase flying capacity to defend market share at its big airport hubs as the airline reported forecast-beating quarterly earnings.

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Blue Apron Lays Off Workers

Wednesday, October 18th, 2017

Blue Apron Holdings is laying off employees as the struggling meal-kit company continues to try to improve its financial position after a difficult initial public offering this year.

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Fed’s Beige Book: Economic Activity Grows Despite Hurricanes

Wednesday, October 18th, 2017

Economic activity grew at a measured pace across the country in September and October, despite sector-wide disruptions caused by recent hurricanes in the Southern and Eastern U.S., according to a new report from the Federal Reserve.

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Facebook Messenger CEO Vows More Scrutiny of Platform’s Use

Wednesday, October 18th, 2017

Facebook Inc. should be more proactive in detecting malicious actors on its platform, the head of Facebook’s Messenger app business said Wednesday.

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Foxconn Deal in Wisconsin Hits Snag Over Guarantees

Wednesday, October 18th, 2017

Wisconsin’s efforts to bring a $10 billion Foxconn Technology Group plant to the state has hit a snag, though supporters of the deal said they believe it will still come together.

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GE’s New Chief Makes Cuts, Starting With Old Favorites

Wednesday, October 18th, 2017

John Flannery is getting rid of company cars, a fancy executive retreat and perhaps thousands of corporate jobs under pressure to cut costs.

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EA ‘Star Wars’ Delay Stirs Unease Over Industry Shift to Service Model

Wednesday, October 18th, 2017

Electronic Arts’ sudden decision to put a highly anticipated Star Wars game on ice drew sharp questioning over how the company plans to monetize it, and raised concerns on Wall Street about the impact to next year’s fiscal earnings.

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Ford Door-Latch Issues Expand to Trucks

Wednesday, October 18th, 2017

Ford continues to be plagued by faulty vehicle-door latches as the auto maker expanded the lineup of affected models for the second time this year.

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Weaker Trade Arbiters Pave Way for Conflict

Wednesday, October 18th, 2017

Trump administration attempts to neuter Nafta and the World Trade Organization are intended to sideline the referees from the world trade arena, but that would allow both the U.S. and rivals to be more aggressive, Greg Ip writes.

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Fed Officials Warn Against Push for Tax Cuts Over Real Reform

Wednesday, October 18th, 2017

The leaders of the Dallas and New York Federal Reserve banks warned that any overhaul of the tax code that emphasizes deficit-boosting tax cuts over making the system more efficient could bring short-term gain but lead to long-term pain.

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Delta Expects to Buy U.S.-Built CSeries Jets

Wednesday, October 18th, 2017

Delta said it plans to take Bombardier new CSeries jetliners built at an Airbus facility in Alabama, though didn’t provide a timeline for the first delivery.

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China Congress Rules: Airbnb, Ironman and Profile-Picture Updates Must Wait

Wednesday, October 18th, 2017

China’s primary social-media platforms—WeChat, QQ and Weibo—all announced system maintenance or upgrades on the eve of the 19th Communist Party congress.

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U.S. Housing Starts Fell in September

Wednesday, October 18th, 2017

U.S. housing starts decreased last month for the fifth time in six months, a sign home builders are struggling to keep pace with solid buyer demand.

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