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US Business
Updated: 5 hours 13 min ago

First-Quarter GDP Swings to Contraction

5 hours 49 min ago
The U.S. economy shrank in the first quarter, contracting 0.7%, as the nation’s gross domestic product was revised from an initial estimate of 0.2% growth.

Level 3 Tries to Waylay Hackers

6 hours 9 min ago
Internet traffic carrier Level 3 Communications is taking an aggressive—and some say risky approach—to hacking by monitoring for criminal groups and isolating traffic believed to contain stolen data.

Switzerland's Economy Shrinks

11 hours 32 min ago
Switzerland’s economy contracted for the first time in 4½ years in the first quarter as the strength of the Swiss franc hit foreign demand for the country’s pharmaceuticals and machinery products.

Data Giant Equinix to Acquire Telecity

11 hours 43 min ago
U.S. data center operator giant Equinix won a scramble to acquire U.K.-based peer Telecity Group in a cash and share offer worth $3.60 billion.

Class of 2015 Is Summa Cum Lucky in the Job Market

Thu, 05/28/2015 - 21:17
These college grads are blessed with a jobless rate below the average of the past 40 years, foretelling higher wages in the years ahead.

Scandal in World Soccer Pressures Sponsors

Thu, 05/28/2015 - 19:30
The indictments alleging corruption among FIFA officials leave corporate sponsors facing dilemma of whether to back away from the powerful marketing outlet of the world’s most popular game.

China's Tech Firms Aim to Stay Home

Thu, 05/28/2015 - 19:27
China’s stock market and more favorable domestic regulations are driving tech firms to plan to list shares in China instead of the U.S.

Amazon to Add Its Own Line of Food

Thu, 05/28/2015 - 19:27 is preparing to broadly expand its fledgling lineup of private-label brands to include grocery items such as milk, cereal, and baby food, as well as household cleaners.

'Numbers Guy' Behind Broadcom Deal

Thu, 05/28/2015 - 19:27
Avago CEO Hock Tan, a media-shy financial whiz now mounting the largest takeover in high-tech history, is stepping into the limelight with a $37 billion cash-and-stock deal to buy chip maker Broadcom.

GameStop Results Boosted by New Software Sales

Thu, 05/28/2015 - 18:36
GameStop reported a better-than-expected 8.5% increase in quarterly earnings, boosted in part by strong sales of new videogames.

How Google Aims to Delve Deeper Into Users' Lives

Thu, 05/28/2015 - 17:21
Google showcased new offerings, including a mobile-payment system and photo service, designed to embed the Internet giant more deeply into users’ lives.

Japan Inflation Slips Back to Zero

Thu, 05/28/2015 - 17:19
Prices stay flat in April as cheaper energy costs push price movements further away from a Bank of Japan 2% inflation goal.

Oil Wells Yield a Gusher of Goofy Names

Thu, 05/28/2015 - 17:07
Every oil well drilled must have its own name. There are wells named after planets and chili peppers as well as ones named Ron Burgundy and Dean Wormer.

Many Mines Put Up for Sale, but Buyers Are Scarce

Thu, 05/28/2015 - 13:23
Miners want to sell off their mines, but they have a problem: Almost no one wants to buy them. Some veteran bankers in the mining industry are seeing the longest drought of deals in their careers.

Google Unveils Apple Pay Rival

Thu, 05/28/2015 - 13:18
Google revised its mobile-payment service with new partners, stepping up competition with Apple in an area with big promise and multiple challenges.

Will Homeowners Shell Out Thousands for Super Batteries?

Thu, 05/28/2015 - 13:08
Tesla and other companies are jumping into the budding business of electricity-storage batteries, but the current market is very small.

EU Raises Pressure on France Over Transport Law

Thu, 05/28/2015 - 12:25
European Union regulators are raising pressure on France to change a new transportation law aimed at protecting traditional taxis against companies such as Uber

Under Armour Works to Cash In on Curry

Thu, 05/28/2015 - 11:26
Sportswear-industry insiders have been watching to see if NBA MVP Stephen Curry’s popularity can translate into bigger sales of his Under Armour shoes.

Teva, FTC Reach $1.2 Billion Settlement

Thu, 05/28/2015 - 11:22
Teva Pharmaceutical Industries will pay $1.2 billion to settle government allegations its Cephalon subsidiary paid generic-drug makers to delay competing versions of the sleep-disorder drug Provigil.

Abercrombie & Fitch Results Miss Expectations

Thu, 05/28/2015 - 10:52
The business of remaking Abercrombie & Fitch Co. is costly. The company’s first-quarter loss was dragged down by a series of charges aimed at revitalizing the company by dialing back its sex-infused image, creating a friendlier shopping experience and offering clothes that are more in sync with today’s trends.


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