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US Business

Trump Tells GM to Open Ohio Plant and Stop Output in China
Mon, 26 Nov 2018 18:58:24 EST - General Motors plans to cut up to 14,800 jobs and end production at certain plants, marking the auto maker’s first significant downsizing since bankruptcy as it tries to adjust to lower demand for passenger cars. President Trump said GM should stop making cars in China and make them in the U.S. instead, in an exclusive WSJ interview.
United Tech to Break Itself Into Three Companies
Mon, 26 Nov 2018 18:58:36 EST - The industrial conglomerate has decided to separate itself into three independent companies, breaking apart one of America’s last industrial conglomerates.
Carlos Ghosn Was Too Powerful, Nissan's CEO Says
Mon, 26 Nov 2018 17:38:29 EST - Nissan Motor’s chief executive told employees Carlos Ghosn had too much power as chairman, highlighting the tension welling up between the two men before Mr. Ghosn’s arrest a week ago. The fallout spread Monday as Mr. Ghosn was ousted as chairman of Nissan partner Mitsubishi Motors.
UPS's Holiday Wish: Handling the Delivery Surge
Mon, 26 Nov 2018 10:05:16 EST - UPS is hoping that billions of dollars in system improvements this year will help it avoid shipping problems during the online shopping surge of the holiday season.
Oil's Fall Threatens U.S. Shale Drillers
Mon, 26 Nov 2018 11:38:01 EST - Plunging oil prices once again threaten to force American shale drillers to pull back on production, just as they were preparing to unleash a flood of crude.
The U.S. Housing Boom Is Coming to an End, Starting in Dallas
Mon, 26 Nov 2018 12:18:07 EST - Dallas is housing’s “canary in the mine shaft.” Homes are taking longer to sell, bidding wars are rarer and price cuts are more common as buyers absorb the impact of higher mortgage rates.
U.S.-China Trade Fight Risks Fragmenting Global Market, Says Beijing Ambassador
Mon, 26 Nov 2018 14:16:44 EST - The trade fight between the U.S. and China risks fragmenting the integrating global market, China’s ambassador to the U.S. Cui Tiankai said in an interview. He was speaking ahead of the summit meeting between President Trump and President Xi Jinping in Buenos Aires later this week.
Second-Tier Cities Boast First-Rate Job Figures
Mon, 26 Nov 2018 17:58:31 EST - Amazon.com Inc.’s decision to locate new headquarters in the New York and Washington regions highlighted an ongoing shift of economic might toward big coastal power cities. But second-tier cities are thriving, and by some measures they are doing even better than their bigger rivals.
France and Germany Step In to Circumvent Iran Sanctions
Mon, 26 Nov 2018 13:00:42 EST - France and Germany have joined forces to rescue a European effort to create a payments channel to keep trade flowing with Iran, defying U.S. attempts to take the air out of the plan, senior diplomats said.
FDA Is Revamping Clearance Procedures for Medical Devices
Mon, 26 Nov 2018 09:09:12 EST - The Food and Drug Administration is significantly revamping the way it clears most medical devices for U.S. marketing, planning to rely far less on comparisons with much older products already on the market.
It's Official: China's E-Commerce King is a Communist
Mon, 26 Nov 2018 17:24:51 EST - China’s E-Commerce king, Jack Ma, was identified as a Communist Party member by the People’s Daily in a list of people credited with helping modernize China’s economy.
IBM CEO Criticizes Big Internet Platforms for Mishandling Customers' Data
Mon, 26 Nov 2018 15:31:33 EST - IBM CEO Ginni Rometty attacked big internet platforms for mishandling customers’ data and endorsed some EU efforts to police the web.
How a History of Discord Fuels Today's U.S.-China Trade Tensions
Mon, 26 Nov 2018 15:57:24 EST - As President Trump and President Xi Jinping prepare for a summit meeting this week, their trade dispute recalls one from a quarter-century ago between China and the first Bush administration.
China Works to Look Open to Foreign Business as G-20 Summit Nears
Mon, 26 Nov 2018 14:23:10 EST - In its latest move in recent weeks to show it’s a friend of foreign businesses, China paved the way for German insurer Allianz SE to establish the country’s first wholly foreign-owned insurance holding company.
GE Bonds Rebound as Bargain Hunters Swoop In
Mon, 26 Nov 2018 17:47:37 EST - General Electric bonds rebounded sharply in recent days, easing some of the losses debt investors have taken as doubts about the conglomerate’s financial stability spread through financial markets.
Chinese Scientist Claims World's First Genetically Modified Babies
Mon, 26 Nov 2018 14:07:27 EST - A Chinese scientist claims to have produced the world’s first genetically modified babies, stirring alarm among doctors who warn such experiments using nascent DNA-editing technology pose too many health and ethical risks.
Lettuce ProducersPrepare Labeling Changes in Response to NewE. Coli Outbreak
Mon, 26 Nov 2018 17:32:17 EST - Major U.S. lettuce producers are preparing to change how they label romaine lettuce as the latest E. coli outbreak shuts down the market for the leafy salad green.
Airbnb Hires New CFO From Amazon
Mon, 26 Nov 2018 18:15:03 EST - Airbnb has hired another executive from Amazon.com, this time naming Dave Stephenson as chief financial officer of the vacation-rental portal ahead of its potential public offering.


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