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US Business

U.S. Auto Sales Back on Track in April
Tue, 03 May 2016 13:41:13 EDT - U.S. light-vehicle sales regained momentum in April as cheap credit, low gasoline prices and rising consumer confidence helped drive more buyers to showrooms. Fiat Chrysler and Ford sales rose, while GM slipped on a fleet-business pullback.
More Charges Against Shkreli Likely, Prosecutors Say
Tue, 03 May 2016 13:51:07 EDT - Prosecutors say they are likely to file additional charges against former pharmaceutical executive Martin Shkreli and his one-time lawyer Evan Greebel.
Sports Authority Expects Buyer for Stores
Tue, 03 May 2016 13:24:36 EDT - Sports Authority, which filed for chapter 11 bankruptcy protection in March, expects “substantial parties” to make offers for all “or at least major portions” of its operations, a company lawyer said.
Soda Sales in Mexico Rise Despite Tax on Sugary Drinks
Tue, 03 May 2016 12:55:24 EDT - Sales of soda are climbing two years after Mexico imposed a roughly 10% tax on sugary drinks—a bright spot for an industry that has feared it could be cast as the next tobacco.
Pinterest Acquires Mobile Ad Firm URX
Tue, 03 May 2016 13:38:19 EDT - Pinterest is again paying up to acquire talent as it builds out an image search engine based on its users’ intent after it acquired half the staff at URX.
Taking the Temperature of U.S. Jobs and Global Manufacturing
Sun, 01 May 2016 15:00:03 EDT - This week, data releases will shine a light on U.S. job growth in April and the trade gap for March, plus offer updates from the manufacturing sector in the U.S., China, Japan and other major economies.
ISM Manufacturing Index Signals Expansion in April
Mon, 02 May 2016 22:43:19 EDT - A closely watched gauge of U.S. factory activity slipped in April but continued to signal growth in the manufacturing sector, which has been battered by low oil prices and a strong dollar.
On Close Inspection, India's Sharp Growth Picture Gets Fuzzy
Sun, 01 May 2016 22:40:27 EDT - India’s economy expanded by 7.3% last year, outpacing every other major nation, including China, for the first time in nearly two decades. But as with most developing countries, India’s economy defies easy measurement.
U.S. Chides Five Economic Powers Over Policies
Sun, 01 May 2016 01:03:34 EDT - The Obama administration delivered a shot across the bow to Asia’s leading exporters and Germany for their economic policies and warned that a number of major economies around the globe could face intense pressure to engage in currency interventions to counter slow growth.
Anemic Wage Growth Restraining Economy
Fri, 29 Apr 2016 17:04:09 EDT - Years of solid job gains are failing to produce a breakout in wages, suppressing the spark needed for a sustained pickup in economic growth.
Videogamers Help With Medical Research
Tue, 03 May 2016 13:53:58 EDT - Scientists are recruiting thousands of videogamers to develop a better test for tuberculosis, the latest in a cascade of crowd-sourcing research efforts that analyze proteins, test tumors and investigate genetic diseases.
Salesforce's Marc Benioff Has Kicked Off New Era of Corporate Social Activism
Tue, 03 May 2016 09:48:10 EDT - On social issues such as gay rights, CEO Marc Benioff is successfully pushing companies to speak out, drawing brickbats from local lawmakers and even his own board.
Hanjin Shipping Seeks Help From Chartered Fleet Owners
Mon, 02 May 2016 23:03:49 EDT - Hanjin Shipping, South Korea’s largest container operator by capacity, reached out to owners of its chartered fleet and terminal operators to say it can’t survive unless they help with its debt restructuring.
Sprint Loss Widens
Tue, 03 May 2016 13:02:45 EDT - Sprint reported a wider fiscal-fourth-quarter loss, though revenue fell less than anticipated, and added more postpaid subscribers than Verizon and AT&T for the first time.
Toyota Pins Hopes on Daihatsu's Small Cars
Tue, 03 May 2016 09:25:27 EDT - Toyota, the world’s biggest auto maker, is leaning on a maker of tiny cars to expand its empire as it eyes markets in developing countries.
Burberry Tightens Brand Strategy in U.S. Turf War
Tue, 03 May 2016 10:57:01 EDT - Burberry CEO Christopher Bailey is under pressure to find growth in the U.S., as he tries to offset a sharp drop in sales in Hong Kong and move its brand higher up the luxury scale.

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