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US Business

Vote Paves Way for Dell to Trade Publicly Again

Tue, 11 Dec 2018 13:15:08 EST

Dell Technologies is set to begin trading on the New York Stock Exchange later this month after facing pressure from activist shareholders and sweetening a buyout offer to investors in its tracking stock.

Economic Damage From California Fires Spreads Further Than Blazes

Tue, 11 Dec 2018 22:34:42 EST

Extreme wildfires across California in recent years are squeezing local economies. Chico, which escaped the wrath of the Camp Fire, is the latest example.

MiMedx Called on Two Lawmakers for Help Before Its Accounting Scandal

Tue, 11 Dec 2018 18:43:02 EST

MiMedx Group, a maker of tissue-graft products, called on two influential lawmakers for help. Now the actions of the lawmakers could prove embarrassing for them as MiMedx faces possible collapse.

China Moves to Address U.S. Economic Concerns

Tue, 11 Dec 2018 22:09:24 EST

Beijing agrees to reduce auto tariffs and buy more American products, but key differences remain, as Washington prepares to add fresh pressure on Beijing.

EU-Led Group Poised to Answer U.S. Complaints on WTO

Tue, 11 Dec 2018 16:12:37 EST

The U.S. and the European Union are squaring off at the World Trade Organization in a conflict that threatens to cripple the global trade watchdog.

Applebee's Franchisee Gets Court Approval of Bankruptcy Plan

Tue, 11 Dec 2018 17:04:00 EST

Judge Brendan Linehan Shannon endorsed the chapter 11 plan—which will include a tripling of the initial equity commitment from the franchisee’s owner, private-equity firm Acon Investments—after a hearing Tuesday in U.S. Bankruptcy Court in Wilmington, Del.

Negotiators Reach Compromise on$867 BillionFarm Bill

Tue, 11 Dec 2018 18:05:18 EST

Congress is on track to pass a five-year farm bill that leaves out proposed work requirements for food-stamp recipients, imperiling the support of some House Republicans but opening the door for Democrats in both chambers to support the compromise bill.

Tencent Music Prices Its IPO at Bottom of Range

Tue, 11 Dec 2018 21:55:17 EST

The Chinese music-streaming company’s initial public offering priced at $13 per American depositary share, capping a rocky process of going public but still marking it one of the biggest U.S.-listed debuts in recent years.

U.S., China Kick Off a Fresh Round of Trade Negotiations

Tue, 11 Dec 2018 16:50:05 EST

Washington and Beijing started with a phone call touching on China’s purchases of agricultural products and changes to its fundamental economic policies.

Hain Celestial Settles SEC Charges

Tue, 11 Dec 2018 18:44:25 EST

The organic- and natural-products maker has settled charges brought by the U.S. Securities and Exchange Commission over its revenue-recognition practices, which led to delayed financial reports.

Producer Prices Edge Up in November

Tue, 11 Dec 2018 10:15:42 EST

A gauge of U.S. business prices rose slightly in November, but the pace of gains moderated significantly from the prior month.

Treasury Softens Parking-Tax Hit for Churches, Nonprofits

Mon, 10 Dec 2018 21:25:39 EST

Under new rules, nonprofits can use any reasonable method to calculate costs used in computing employee-parking taxes.

Huawei's Meng Wanzhou Granted Bail by Canadian Judge

Tue, 11 Dec 2018 21:57:01 EST

Huawei Technologies Co.’s finance chief must reside at Vancouver homes and adhere to curfew while awaiting a decision on her extradition to the U.S.

McDonald's to Trim Antibiotics From Its Beef

Tue, 11 Dec 2018 21:16:38 EST

The fast-food chain said it will take two years to decide how much of the antibiotics important to human health it will be able to remove from its beef supply.

Verizon Takes $4.5 Billion Charge Related to Digital Media Business

Wed, 12 Dec 2018 00:18:01 EST

Verizon Communications is booking a $4.5 billion accounting charge related to its Oath media business, a sign its bet on high-profile internet properties and content several years ago hasn’t worked out as expected.

Nissan-Renault Scandal Shows It's Hard to Keep Car Alliances on Track

Wed, 12 Dec 2018 00:28:57 EST

Tensions between Nissan and Renault after the arrest of longtime alliance leader Carlos Ghosn show it has never been easy for the global auto industry to make mergers and partnerships work.

The Loneliest Generation: Americans, More Than Ever, Are Aging Alone

Tue, 11 Dec 2018 21:25:42 EST

Loneliness undermines health and is linked to early mortality. Baby boomers, who generally had fewer children and divorced more than previous generations, are especially feeling the effects in retirement.

Senate Confirms Justin Muzinich as Deputy Treasury Secretary

Tue, 11 Dec 2018 11:53:33 EST

The Senate confirmed Justin Muzinich as the second-ranking official in the Treasury Department. Mr. Muzinich becomes the first person to serve in the role during the Trump administration.

WPP Sets Turnaround Plan in Motion

Tue, 11 Dec 2018 14:17:13 EST

WPP Chief Executive Mark Read set out his vision for a turnaround, a strategy he hopes will make the world’s largest advertising company better-positioned to contend with the rapidly changing marketing landscape.

Google CEO Faces Lawmakers Skeptical Over Privacy, Alleged Bias

Tue, 11 Dec 2018 23:35:29 EST

Sundar Pichai faced tough questions in a first public appearance before House lawmakers, who are increasingly skeptical of Silicon Valley giants on issues of privacy and political bias.