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Updated: 4 hours 23 min ago

House Committee Approves Puerto Rico Bill

4 hours 24 min ago
A House committee advanced legislation to address Puerto Rico’s debt crisis with solid bipartisan support, a strong sign the bill could now advance quickly through Congress ahead of a potential default by the territory on July 1.

Alibaba Discloses SEC Probe of Its Accounting Practices

4 hours 42 min ago
Alibaba disclosed the U.S. Securities and Exchange Commission is investigating its accounting practices.

India's Narendra Modi Defends Efforts to Shake Up Economy

4 hours 45 min ago
Indian Prime Minister Narendra Modi took on critics who accuse him of failing to pursue “big bang” measures to revamp his economy, saying he has set a path for accelerated growth that India’s states now need to help navigate.

Sovereign Default: It's Not Personal, Just Business

4 hours 48 min ago
As countries like Greece and Puerto Rico grapple with heavy debts and struggling economies, there is a growing acceptance that restructuring of sovereign debt needs to be part of the solution, writes Greg Ip.

British Modeling Agencies Under U.K. Antitrust Fire

5 hours 2 min ago
The beautiful world of British modeling agencies may have been up to some anticompetitive ugliness, the U.K.’s antitrust authority alleged Wednesday.

Bayer Remedy for Monsanto Bid May Be Limited

5 hours 14 min ago
While Bayer AG is considering how to respond to Monsanto Co.’s rejection of its $62 billion takeover bid, investors and analysts are questioning whether the German pharmaceutical and chemicals giant can up its offer.

IMF: No Cash Now for Greece in Absence of Debt Relief

5 hours 33 min ago
A senior International Monetary Fund official said it can’t help Europe with fresh emergency financing for Greece because Athens’s creditors haven’t yet committed to detailed debt relief.

IPO Hurdles Hurt China's Tech Startup Valuations

5 hours 43 min ago
China Circuit columnist Li Yuan writes that Chinese entrepreneurs and investors fear that the government is now less open to startups going public domestically than it was a year ago.

MSG, Las Vegas Sands Plan 17,500-Seat Concert Venue

5 hours 44 min ago
Madison Square Garden and Las Vegas Sands plan to open a 400,000-square-foot, 17,500-seat concert venue on the Las Vegas Strip.

Fed Survey Finds Improvement in Household Finances

6 hours 6 min ago
Most Americans reported their household finances mildly improved last year, but nearly half said they would struggle to cover a $400 expense in an emergency, according to a Federal Reserve survey.

Gawker Seeks to Have Hulk Hogan Judgment Reduced

6 hours 13 min ago
Gawker Media says it hopes a Florida court will reduce a jury verdict against it in light of recent reports that claimed billionaire investor Peter Thiel provided the financial muscle behind Hulk Hogan’s invasion-of-privacy lawsuit.

Tiffany Sales Decline More Than Expected

10 hours 44 min ago
Tiffany said its sales fell more than Wall Street had anticipated in the latest quarter and warned that earnings for the current period would be worse than it previously feared.

EU Could Force Netflix to Fund European Films

11 hours 32 sec ago
The European Unionproposed legal changes that could force Netflix and other online-video providers to help finance European-made films.

Chevron-led Consortium to Invest Up To $37 Billion in Kazakh Oil Field

11 hours 1 min ago
Investment represents one of the first big commitments by a large oil company to spend on new crude production following a two-year-long slump in oil prices.

Microsoft to Streamline Smartphone Business

11 hours 9 min ago
Microsoft will lay off 1,850 workers and take an impairment and restructuring charge of approximately $950 million as it takes further step in dismantling the mobile-phone operations it acquired from Nokia.

Mitsubishi Motors Posts Loss Over Scandal, Warns on Costs

11 hours 40 min ago
Mitsubishi Motors posted a $174 million special loss and warned that related costs could balloon further as it grapples with the fallout from a fuel economy testing scandal that has led to the resignation of its president.

Huawei Sues Samsung Alleging Patent Infringement

11 hours 58 min ago
China’s Huawei has filed a lawsuit in the U.S. alleging that Samsung infringed a number of patents covering mobile devices and cellular-communications technology.

Shell to Lay Off Another 2,200 Staff

12 hours 4 min ago
Shell plans at least another 2,200 job cuts this year in the face of low oil prices while integrating its recent acquisition of BG Group.

Toyota and Uber Reach Investment, Lease Partnership

14 hours 58 min ago
Toyota said it had invested in Uber Technologies as part of a strategic alliance aimed at getting more drivers on the ride-hailing service.

In Syria's Mangled Economy, Truckers Stitch Together Warring Regions

Tue, 05/24/2016 - 20:04
Trade between Islamic State, the Assad regime and others continues despite Syria’s war, leaving it to truck drivers to crisscross front lines delivering food, oil and appliances.


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