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US Business
Updated: 3 hours 51 min ago

Talend Nudges Dormant Tech IPO Market

6 hours 31 min ago
Software company Talend had a strong debut on the Nasdaq in what investors see as a possible boost for the lackluster tech IPO market so far this year.

Bidders Circle Formula One

7 hours 39 min ago
The long-awaited sale of the Formula One may finally be nearing the finish line as a number of bidders including British broadcaster Sky PLC are circling the racing series.

Five Hershey Trust Directors to Retire in Settlement With Pa. Attorney General

8 hours 24 min ago
Five directors at a charitable trust that controls Hershey Co. will leave the board as part of a settlement agreement with Pennsylvania’s top law-enforcement officer.

Low Crude Prices Hammer Big Oil Companies

10 hours 10 min ago
Exxon Mobil’s profit fell 60% and Chevron reported a third-straight quarterly loss on Friday, capping off a week of lackluster results for the biggest Western oil companies and underscoring the continued challenge they face as crude prices fall to just above $40 a barrel.

Viacom Board Suit Against Redstone Holding Company to Proceed

10 hours 13 min ago
A Delaware judge will hear arguments on whether 93-year-old Sumner Redstone had the competency to decide to replace five board members at Viacom.

Merck Revenue Rises on Cancer, Hepatitis Treatments

12 hours 6 min ago
Merck posted an unexpected increase in second-quarter revenue thanks to new cancer and hepatitis treatments, and an increased profit versus a year-earlier period that was weighed down by foreign-exchange losses.

ArcelorMittal Earnings Beat Expectations

12 hours 56 min ago
ArcelorMittal reported its best quarter in five years as steel markets in the U.S. and Europe improved thanks to new protective import tariffs, stronger demand and shrinking inventories.

U.S. Consumer Sentiment Fell in July

13 hours 30 min ago
A gauge of U.S. consumer sentiment dropped in July—as the University of Michigan survey fell to 90.0 from June’s 93.5—in a sign that global economic uncertainty could ripple through domestic spending.

Fuel Costs Curb UPS Profit Rise

15 hours 52 min ago
UPS reported profit rose 3.2% in the latest period, though higher fuel costs cut into climbing revenue from its U.S. and international package deliveries.

NextEra to Buy Energy Future's Oncor in $18.4 Billion Deal

15 hours 55 min ago
NextEra Energy agreed to buy Energy Future’s stake in Oncor, in a deal that values the electricity transmissions business at $18.4 billion and could end Energy Future’s stay in chapter 11 bankruptcy.

GDP Expands at Disappointing 1.2%

15 hours 55 min ago
U.S. economic growth sputtered this spring—growing a meager 1.2% in the second quarter—with cautious business investment largely offsetting more robust consumer spending. The gain marks only a slight acceleration from the first quarter, when GDP advanced at a downwardly revised 0.8% pace.

China Approves AB InBev Deal for SABMiller

15 hours 56 min ago
Anheuser-Busch InBev’s takeover of rival SABMiller received the green light from Chinese regulators, giving the Belgian brewer the final regulatory clearance it needs to move forward with the more than $100 billion deal.

U.S. Employment Costs Up 0.6% in Second Quarter

16 hours 25 min ago
Employers’ personnel costs rose modestly during the spring, the latest reminder of slow income growth during the recovery.

U.K. Delays Decision on Hinkley Point Nuclear Project

16 hours 35 min ago
Plans to build a controversial $23.7 billion nuclear-power project in the U.K. were unexpectedly delayed after the government postponed making a final decision until the fall.

Sony Reports Surprise Profit

17 hours 20 min ago
The $206 million April-June profit defied analysts’ expectations for a loss due to weak image-sensor sales and the costs from recent earthquakes.

Cities Struggle to Add Upscale Housing While Maintaining Diversity

Thu, 07/28/2016 - 18:27
Cities from Seattle to Chicago to New York are struggling to crack the ultimate urban code: How to squeeze in ever more well-off people without driving out the less affluent?

Facebook Gets Tax Notice Over Transfer of Assets Overseas

Thu, 07/28/2016 - 17:54
Facebook said that it could end up owing $3 billion to $5 billion in additional taxes as a result of action by the Internal Revenue Service in a long-running dispute related to how it transferred assets overseas.

How Netflix's 'Beat Bugs' Creator Tapped Rights to Beatles Catalog

Thu, 07/28/2016 - 17:41
Television-show creators base their ideas on everything from books to historical eras, but writer-director Josh Wakely uses an unusual formula: He starts by licensing entire catalogs of the world’s most valuable songs, including the Beatles.

Amazon Posts Another Blockbuster Profit

Thu, 07/28/2016 - 17:38
Amazon reported another record profit and its fifth-straight quarter in the black as it continued to reap new sales from Prime memberships and its relentless push to deliver goods ever faster.

Mobile Strength Propels Google

Thu, 07/28/2016 - 17:16
Google parent Alphabet said quarterly profit soared 24%, the second internet giant in two days to report blockbuster earnings driven by consumers’ rapid shift to mobile devices.


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