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US Business

WPP Sounds a Warning Signal on Consumer-Ad Spending; Shares Sink
Wed, 23 Aug 2017 16:09:48 EDT - WPP shares were off 10% after the world’s largest advertising company reported a steeper-than-expected slowdown in ad buying by consumer-goods companies, especially in North America.
Domino Effect: Packaged Goods Woes Spreading to Ad, Media Firms
Wed, 23 Aug 2017 09:35:50 EDT - The long-simmering pressure facing the world’s consumer goods giants is now ricocheting more widely, hitting advertising firms and the media companies dependent on them.
How Budget Carriers Transformed the Airline Industry---in 14 Charts
Wed, 23 Aug 2017 16:28:31 EDT - Low-cost players aren’t just competing with legacy companies, they are changing how, where and at what price people fly.
For Some Craft Brewers, Sales Are Tapping Out
Wed, 23 Aug 2017 16:00:26 EDT - Some of the country’s biggest craft brewers are struggling with falling sales, hurt by a glut of competitors crowding retail shelves and moves by megabrewers to scoop up some of their rivals.
How Samsung's Recall Shaped Its New Galaxy Note
Wed, 23 Aug 2017 14:19:37 EDT - Rather than cautiously go on the defensive with the new Galaxy Note 8 after last year’s last year’s Note 7 recall, Samsung mobile chief D.J. Koh hammered home a message internally to engineers: Don’t hold back.
Big Economies Are Growing in Sync for First Time in Years
Wed, 23 Aug 2017 16:39:37 EDT - For the first time in a decade, the world’s major economies are growing in sync, a result of lingering low-interest-rate stimulus from central banks and the gradual fading of crises that over years ricocheted from the U.S. to Greece, Brazil and beyond.
Companies Promote Corporate-Tax Overhaul
Wed, 23 Aug 2017 11:29:12 EDT - Large companies, looking for every angle to prod Congress into making the corporate-tax changes they have been seeking for years, are turning to some in-house muscle: employees and customers.
New-Home Sales Plunged in July as Supply Shrivels
Wed, 23 Aug 2017 12:08:23 EDT - U.S. new-home sales fell sharply in July and inventory levels jumped.
U.S. Bid to Exit Nafta Arbitration Panels Draws Business Ire
Wed, 23 Aug 2017 00:18:14 EDT - U.S. trade officials are putting together a proposal to let the U.S. withdraw from a corporate arbitration system at the heart of the North American Free Trade Agreement, upsetting big American companies that say the system protects their investments overseas.
Rosneft Prevails in Lawsuit Against Sistema
Wed, 23 Aug 2017 14:11:27 EDT - A regional arbitration court in Russia ruled in favor of Russian oil giant PAO Rosneft, in a case seen as a test of the country’s investment climate.
Cargill Invests in Startup That Grows 'Clean Meat' From Cells
Wed, 23 Aug 2017 14:32:54 EDT - Cargill, one of the world’s largest producers of beef and poultry, has taken a stake in a startup developing technology to grow meat from self-reproducing animal cells.
Whole Foods Shareholders Approve Amazon Merger
Wed, 23 Aug 2017 12:47:18 EDT - Shareholders of Whole Foods approved the natural grocer’s takeover by Amazon, a key step for the e-commerce giant to seal its biggest play yet in the $700 billion food retail market.
U.S. Sanctions Chinese, Russian Firms for Aiding North Korea
Tue, 22 Aug 2017 21:18:45 EDT - The U.S. targeted a host of Chinese and Russian firms and related individuals it accuses of aiding Pyongyang, expanding its broader efforts to clamp down on financing critical to North Korea’s nuclear-weapons program.
U.S. Weighs Restricting Trades in Venezuelan Debt to Punish Maduro
Wed, 23 Aug 2017 15:15:25 EDT - The U.S. is considering restricting trades in Venezuelan debt as it seeks to punish President Nicolas Maduro for undermining the country’s democracy, according to people familiar with the matter.
Westinghouse Seeks to Award Bonuses to 'Vital' Employees
Wed, 23 Aug 2017 16:30:41 EDT - Westinghouse Electric is seeking authorization to end a deferred-compensation plan and pay up to $13.8 million in retention bonuses to employees that the company says possess specialized skills.
ESPN Pulls Announcer From University of Virginia Football Game
Wed, 23 Aug 2017 12:28:28 EDT - In the wake of the violent clashes between white nationalists and counterprotesters in Charlottesville, Va., stemming from plans to remove a statute of Confederate Gen. Robert E. Lee, an ESPN sports announcer named Robert Lee has been pulled from covering a coming University of Virginia football game.

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