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US Business

Transportation Department Weighs Allowing Phone Calls During Flights
Thu, 08 Dec 2016 20:51:06 EST - Federal regulators are considering allowing airline passengers in coming years to routinely make phone calls during flights—so long as travelers are warned in advance about potential midair distractions.
Time Inc. Hires Banks to Help Field Takeover or Partnership Interest
Thu, 08 Dec 2016 20:40:47 EST - Time Inc. hired banks to help field takeover or partnership interest after the country’s largest magazine publisher received overtures from a group of media investors including Edgar Bronfman Jr.
Buyout Firm Stone Canyon in Talks to Buy Mauser Group
Thu, 08 Dec 2016 18:11:26 EST - An investment firm with ties to junk-bond pioneer Michael Milken is nearing a deal to buy industrial-packaging company Mauser Group for more than $2 billion.
Michael Jordan Scores China Win
Thu, 08 Dec 2016 20:41:04 EST - NBA great Michael Jordan has claimed a victory in China, with the nation’s high court ruling that a Chinese sportswear company can’t sell merchandise using his name in Chinese characters.
How Trump's Web of LLCs Obscures His Business Interests
Thu, 08 Dec 2016 20:21:59 EST - Donald Trump uses a web of privately held LLCs and other entities to house his assets—everything from real estate to a vintage carousel in Manhattan’s Central Park—making it impossible to gauge the full extent of potential conflicts he may face as president.
Economists Say Many of the Lost Factory Jobs Gone for Good
Thu, 08 Dec 2016 10:49:09 EST - Economists estimate that the U.S. will add about 50,000 manufacturing jobs by the end of 2019, a pace far too slow to replace what has been lost.
Barely Half of 30-Year-Olds Earn More Than Their Parents
Thu, 08 Dec 2016 19:16:21 EST - About 51% of American 30-year-olds earn more than their parents did, an enormous decline from the early 1970s and even rapid economic growth won’t do much to reverse the trend.
Trump Picks Fast-Food Executive Andy Puzder as Nominee for Labor Secretary
Thu, 08 Dec 2016 20:00:21 EST - President-elect Donald Trump on Thursday named fast-food executive Andy Puzder as his choice for labor secretary.
U.S. Jobless Claims Decline Signals Still Healthy Labor Market
Thu, 08 Dec 2016 08:40:48 EST - The number of Americans applying for first-time unemployment benefits fell last week, a sign the labor market remains in expansion mode.
McDonald's to Move Non-U.S. Tax Base to the UK
Thu, 08 Dec 2016 11:36:48 EST - McDonald’s said a large portion of its non-U.S. income would be taxed in the U.K., following a restructuring that shifts operations away from Luxembourg.
Former Insys CEO Arrested in Opioid Prescription Kickback Case
Thu, 08 Dec 2016 19:56:21 EST - Six former executives and managers at Insys Therapeutics were arrested and charged with conspiring to defraud health insurers and bribe doctors in exchange for prescribing the company’s fentanyl painkiller, Subsys.
Glencore Cements Russian Connections With Rosneft Deal
Thu, 08 Dec 2016 12:54:14 EST - Glencore’s move to take a stake in Russian oil producer Rosneft appears to be a victory for the Swiss commodity trader in a market it once dominated.
When Presidents Defy Economic Gravity, Gravity Usually Wins
Wed, 07 Dec 2016 19:37:00 EST - Donald Trump is going to discover, just as previous presidents have, that altering the forces of economics is harder than it seems at first, Greg Ip writes.
The Economy's Hidden Problem: We're Out of Big Ideas
Wed, 07 Dec 2016 18:35:15 EST - There is a yawning chasm between what innovation promises for the economy and what it is delivering. Outside of personal technology, improvements in everyday life have been incremental, not revolutionary. A Wall Street Journal series explains why that is and looks at ways to reboot.
Big Brands Help Fund Fake-News Sites
Thu, 08 Dec 2016 16:49:33 EST - Ads from well-known companies often appear on sites with false or misleading news, helping them generate tens of thousands of dollars in monthly revenue.
OPECDeal Raises Hopes But Not Valuations for Troubled Oil Producers
Thu, 08 Dec 2016 13:03:51 EST - OPEC’s deal to cut oil production isn’t likely to save investors in troubled U.S. producers from seeing their stakes vanish in chapter 11, according to restructuring experts.
Companies on Climate: Trump or No, Still Cutting Emissions
Thu, 08 Dec 2016 15:55:04 EST - Many big corporations continue to back efforts to cut carbon emissions, vowing to stay the course despite the election of Donald Trump, who has promised to dismantle President Obama’s climate agenda.


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