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US Business

WeWork: A $20 Billion Startup Fueled by Silicon Valley Pixie Dust
Thu, 19 Oct 2017 17:47:06 EDT - The office-space provider’s 38-year-old CEO sells tech investors on his vision for communal workplaces that appeal to millennials—while critics call it an overvalued real-estate play.
Lyft Raises $1 Billion in Round Led by Alphabet's CapitalG
Thu, 19 Oct 2017 12:34:27 EDT - Ride-hailing startup Lyft raised $1 billion in a funding round led by Alphabet’s CapitalG unit, boosting its valuation by nearly 50% as it eyes expansion.
Trick or Treat? Italian Candy Maker Comes Knocking on U.S. Door
Thu, 19 Oct 2017 17:54:47 EDT - Italian confectioner Ferrero just bit off another piece of the U.S. candy market and is already thinking about taking a much bigger bite—a bid to buy Nestlé’s U.S. candy business.
Wal-Mart's Answer to Amazon? Its Own Web Mall
Thu, 19 Oct 2017 16:34:47 EDT - Wal-Mart is near a deal with Lord & Taylor that would give the department store dedicated space on, a potential first step in creating an online mall shoppers could access from Wal-Mart’s website.
Stitch Fix, in IPO Filing, Reveals Annual Sales of Nearly $1 Billion
Thu, 19 Oct 2017 17:39:30 EDT - Apparel retailer Stitch Fix, which sends customers boxes of preselected outfits, has filed for an initial public offering and revealed just how quickly its business has grown at a time when traditional clothing chains are struggling.
GOP Divided Over Monetary Policy as Fed Chief Pick Looms
Thu, 19 Oct 2017 16:58:48 EDT - After criticizing the Fed for the past eight years, Republicans 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.
Changes in Store for Foreign Companies' Tax Treatment in U.S.
Thu, 19 Oct 2017 16:00:28 EDT - 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.
U.S. Jobless Claims Fall to 44-Year Low
Thu, 19 Oct 2017 12:02:36 EDT - 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.
Hurricanes Weighed on Housing Starts
Wed, 18 Oct 2017 11:22:02 EDT - U.S. housing starts decreased last month for the fifth time in six months, as builders felt the brunt of construction delays as well as labor and material shortages caused by hurricanes in Florida and Texas.
As Cities Woo Amazon to Build Second Site, Incentives Are Key
Thu, 19 Oct 2017 17:10:26 EDT - 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.
Unilever, Nestlé Test Investor Patience With Slower Sales
Thu, 19 Oct 2017 17:18:16 EDT - Two of the world’s biggest consumer goods companies—both caught in investors’ crosshairs—reported another round of weak sales, ratcheting up pressure to accelerate promised turnarounds.
Target Expands Store Makeovers
Thu, 19 Oct 2017 13:12:00 EDT - Target Corp. said it would expand plans to remodel its existing supercenters and open smaller stores in cities, as the retailer seeks to win back shoppers in the competitive retail environment.
FBI Probes Chinese Businessman Linked to North Korean Trade
Thu, 19 Oct 2017 16:26:40 EDT - The U.S. Federal Bureau of Investigation is looking into a Chinese business owner who was linked to a ship found smuggling North Korean rocket-propelled grenades last year, and who has ties to a North Korean trade and financing network, according to people familiar with the matter.
Weakened Nafta, WTO Would Pave Way for Conflict
Thu, 19 Oct 2017 03:22:54 EDT - 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.
China's Bright Economic Future Is Bound Up in the Past
Thu, 19 Oct 2017 17:28:52 EDT - President Xi Jinping this week lauded China’s transition to high-quality growth, but for now smokestack industries carry the economy—and much-touted efforts to relieve long-term ills are running into short-term reality.
Reliability Ratings for Electric Cars Get a Boost
Thu, 19 Oct 2017 14:22:04 EDT - Auto makers struggling to sell drivers on electric cars can look forward to one advantage of adding more battery-powered vehicles to their fleets: beefing up their reliability ratings thanks to the electric cars’ simplicity.
Chevron Temporarily Suspending Operations in Iraqi Kurdistan
Thu, 19 Oct 2017 16:53:24 EDT - Chevron is temporarily suspending its operations in Iraqi Kurdistan, as an Iraqi backlash against Kurdish independence is quickly reordering the region’s booming energy business.
Facebook to Test News-Subscription Sign-up
Thu, 19 Oct 2017 16:06:46 EDT - Facebook will soon begin testing a feature that will allow news publishers to sign up subscribers through its Instant Articles program.

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