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US Business
Updated: 25 min 29 sec ago

WeWork: A $20 Billion Startup Fueled by Silicon Valley Pixie Dust

26 min 14 sec ago
The office-space provider’s 38-year-old CEO sells tech investors on his vision for communal workplaces that appeal to millennials—while critics call it an overvalued real-estate play.

Changes in Store for Foreign Companies' Tax Treatment in U.S.

36 min 57 sec ago
Foreign companies operating in the U.S. could face major changes in their tax bills under an overhaul planned by Republicans. Those could include new surtaxes or limits on how much the companies can deduct on expenses.

Companies Leave Bean Counting to the Robots

1 hour 7 min ago
Large corporations world-wide are increasingly turning to robotic software in an effort to cut costs, liberate workers from repetitive tasks and, in many cases, reduce finance-department employee numbers.

McCain Joins Push for Disclosure About Political Ads on Social Media

1 hour 10 min ago
A proposal to require social-media companies to disclose information about political advertising on their platforms has drawn the support of a key Republican, Sen. John McCain.

Ferrero Looks to Ferrara to Sweeten Its U.S. Product Mix

1 hour 13 min ago
Global chocolate giant Ferrero International has agreed to buy Illinois-based Ferrara Candy, as the Italian company plans to gobble up another U.S. sweets producer at a time when consolidation is heating up in the sector.

As Cities Woo Amazon to Build Second Site, Incentives Are Key

1 hour 31 min ago
Amazon’s in-house economic-development team shows how important tax-incentive deals have become to its business model and gives a window into why the company took the step of pitting cities against each other to win the biggest subsidy package possible.

Wal-Mart's Answer to Amazon? Its Own Web Mall

2 hours 1 min ago
Wal-Mart is near a deal with Lord & Taylor that would give the department store dedicated space on, a potential first step in creating an online mall that shoppers could access from Wal-Mart’s website.

Activist Investor Elliott Zeros In on BHP CEO

2 hours 1 min ago
The chief executive of the world’s most valuable mining company, BHP Billiton, faces a vexing test: an activist investor that appears to be agitating for his ouster.

China's Bright Economic Future Is Bound Up in the Past

2 hours 35 min ago
President Xi Jinping this week lauded China’s transition to high-quality growth, but for now smokestack industries carry the economy—and much-touted efforts to relieve long-term ills are running into short-term reality.

GOP Divided Over Monetary Policy as Fed Chief Pick Looms

2 hours 35 min ago
After criticizing the Fed for the past eight years, Republicans have a chance to change the course of the central bank when President Donald Trump nominates someone to take the helm in early 2018. But they are divided over which direction monetary policy should take.

Verizon Continues to Win Wireless Subscribers

2 hours 39 min ago
Verizon Communications gained wireless subscribers in the latest quarter, as the telecommunications company worked to shore up its largest unit in light of its weakening television business. Revenue beat Wall Street expectations.

U.S. Jobless Claims Fall to 44-Year Low

3 hours 40 min ago
The number of Americans filing applications for new unemployment benefits fell to the lowest level in 44 years, reflecting power outages in storm-ravaged Puerto Rico and the U.S. Virgin Islands that have disrupted the application process.

Nestlé Results Highlight Pressure to Boost Returns

6 hours 32 min ago
Nestlé said a key sales measure weakened in the first nine months of the year and that it doesn’t expect an improvement in the final quarter, underscoring the pressure it faces to boost its performance, including from activist investor Daniel Loeb.

Unilever Results Disappoint as Hurricanes Hit U.S. Sales

8 hours 26 min ago
Unilever reported weaker third-quarter revenue growth as the maker of Breyers ice cream and Dove shampoo struggled with lower sales in developed markets.

Norway's Helly Hansen Nears Deal for U.K.'s Musto---Source

8 hours 33 min ago
Norway’s Helly Hansen AS has agreed to acquire London-based Musto Clothing Ltd., the official clothing supplier to the British sailing and equestrian Olympic teams, according to a person familiar with the matter.

Former Uber Executive Is Dropped From Privacy Lawsuit

Wed, 10/18/2017 - 18:46
Uber’s former chief business officer, Emil Michael, was dropped as a defendant in a lawsuit that alleges top Uber executives invaded the privacy of a woman raped by a driver in India.

Gilead Gets FDA Approval for New Cancer Therapy

Wed, 10/18/2017 - 16:21
Gilead Sciences’ $11 billion bet on Kite Pharma is poised to pay off, with the approval of Kite’s flagship cell-therapy treatment for advanced lymphoma patients.

Blue Apron Lays Off Workers

Wed, 10/18/2017 - 14:36
Blue Apron Holdings is laying off employees as the struggling meal-kit company continues to try to improve its financial position after a difficult initial public offering this year.

United to Boost Flying Capacity as Unit Revenue Improves

Wed, 10/18/2017 - 14:33
United Continental Holdings Inc. said it would continue to increase flying capacity to defend market share at its big airport hubs as the airline reported forecast-beating quarterly earnings.

BuzzFeed CEO: Google, Facebook Should Share More Revenue

Wed, 10/18/2017 - 14:24
BuzzFeed Chief Executive Jonah Peretti said Facebook Inc. and Alphabet Inc.’s Google will have to find better ways to share revenue with media companies if they want to support quality content.


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