U.S. Oil Output Expected to Surpass Saudi Arabia, Rivaling Russia

Wall Street Journal: US Business - 1 hour 50 min ago
Surging U.S. crude oil production this year is expected to surpass output in Saudi Arabia and rival that of Russia, the world’s two largest oil producers, the International Energy Agency said.

Google and China's Tencent Find Being Friends Has Benefits

Wall Street Journal: US Business - 2 hours 26 min ago
Google and Tencent will license each other’s technology patents, a deal that could help the former broaden its toehold in the Chinese market and accelerate the global expansion of the latter.

Trump Wants Limits on Asylum Seekers in Immigration Talks

Wall Street Journal: US News - Thu, 01/18/2018 - 21:08
In high-stakes immigration talks, the Trump administration is pushing for limits on the rights of asylum seekers and unaccompanied children who cross the U.S. border, as well as more money for a border wall. Democrats oppose all these elements.

Firms With Diversity In Executives Had Bigger Profit Margins, Study Shows

Wall Street Journal: US Business - Thu, 01/18/2018 - 20:00
Companies with diverse executive teams posted bigger profit margins than their rivals, compared with companies with relatively little diversity in their upper echelons, a study showed.

Administration Accelerating Israeli Embassy Move

Wall Street Journal: US News - Thu, 01/18/2018 - 19:34
The Trump administration is accelerating efforts to move the U.S. Embassy in Israel from Tel Aviv to Jerusalem and has decided to retrofit an existing property to accommodate the new mission that will open next year, U.S. officials said.

College Endowment Tax Could Hit Smaller Schools Harder

Wall Street Journal: US News - Thu, 01/18/2018 - 18:14
Small liberal arts colleges could take a hit from a new federal tax on investments, while some wealthy universities will likely avoid payments in the near-term.

Where Would Stocks Be Now if Hillary Clinton Were President?

Wall Street Journal: US News - Thu, 01/18/2018 - 17:08
What if Hillary Clinton had won? Many of the market-moving changes since the U.S. presidential election would have been just the same. Most important among them: The global economic rebound started before voters picked Donald Trump and would surely have continued.

USA Gymnastics Ends Training for Top Athletes at Texas Ranch

Wall Street Journal: US News - Thu, 01/18/2018 - 16:50
America’s top gymnasts will no longer train at the Karolyi Ranch in Texas, USA Gymnastics said Thursday, following calls by U.S. Olympians to abandon the storied facility, where some of the sport’s biggest stars say they were sexually abused by the national team’s former doctor.

Cuomo Bill Seeks To End Tax Loophole

Wall Street Journal: US News - Thu, 01/18/2018 - 16:07
Gov. Andrew Cuomo introduced a bill to close the carried-interest loophole, a feature of the federal tax system benefiting private-equity managers that has come under scrutiny. But passage of the measure is a long shot.

ADT IPO Prices Well Below Expectations

Wall Street Journal: US Business - Thu, 01/18/2018 - 15:30
Home-security company ADT’s initial public offering priced sharply below its expected range on Thursday, a setback for what is likely to be one of the biggest IPOs of the year.

White House Considering San Francisco Fed's Williams for Fed Vice Chairman

Wall Street Journal: US Business - Thu, 01/18/2018 - 15:30
The White House is considering John Williams, the president of the San Francisco Fed, as a candidate to serve as the vice chairman of Federal Reserve Board in Washington, according to people familiar with the matter.

Amazon Narrows Choices for Second Headquarters to 20

Wall Street Journal: US News - Thu, 01/18/2018 - 15:28
Amazon named 20 metropolitan areas as finalists for its second headquarters after reviewing 238 proposals from across the U.S., Canada and Mexico. New York, Chicago, Columbus, Ohio, and Indianapolis are among the choices.

One Year in, Trump Has Broken All the Rules

Wall Street Journal: US News - Thu, 01/18/2018 - 15:26
In the year since he took the oath of office, President Donald Trump has shown that he simply isn’t bound by what had been seen as the previous conventions of the role he is playing, Gerald F. Seib writes.

Stopgap Budget Bill Meets Resistance as Shutdown Looms

Wall Street Journal: US News - Thu, 01/18/2018 - 15:21
The threat of a partial government shutdown intensified as Senate Democrats indicated they had the votes to block a short-term spending bill and GOP leaders pressured recalcitrant lawmakers to resist trying to change the measure.

IBM Revenue Grows for the First Time Since 2012

Wall Street Journal: US Business - Thu, 01/18/2018 - 15:21
International Business Machines Corp. reported higher revenue for the first time in 23 quarters and signaled continued growth into 2018, giving Chief Executive Ginni Rometty breathing space as she tries to turn around the century-old tech giant.

Trump Visit to Pennsylvania Aims to Boost GOP House Candidate

Wall Street Journal: US News - Thu, 01/18/2018 - 15:18
President Trump visited a southwestern Pennsylvania district to buoy a GOP House candidate as Republicans try to fend off a Democratic upset in a special congressional election.

Trump Angry at His Chief of Staff Over Comment President 'Not Fully Informed' on Border Wall Issue

Wall Street Journal: US News - Thu, 01/18/2018 - 15:10
President Trump vented frustration at White House Chief of Staff John Kelly, upset about how Mr. Kelly described his immigration views in a Fox News interview and how he presented them to members of Congress earlier in the day, according to a person familiar with the matter.

American Express Reports First Loss in Quarter-Century

Wall Street Journal: US Business - Thu, 01/18/2018 - 15:08
American Express recorded its first quarterly loss in a quarter-century and said it would suspend its share-buyback program as it absorbed a hit from tax changes in the U.S.

Six Chinese Ships Covertly Aided North Korea. The U.S. Was Watching

Wall Street Journal: US News - Thu, 01/18/2018 - 15:01
Intelligence gathered by American officials provides what they say is detailed evidence of sanctions violations, involving illicit cargo such as coal that the regime relies on for hard currency. China later successfully lobbied to have the vessels removed from a proposed United Nations blacklist.

Trump Lawyer Used Private Company, Pseudonyms to Pay Porn Star

Wall Street Journal: US News - Thu, 01/18/2018 - 14:48
President Donald Trump’s lawyer used a private Delaware company to pay a former adult-film star $130,000 in return for her agreeing to not publicly discuss an alleged sexual encounter with Mr. Trump, according to corporate records and people familiar with the matter.

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