US Business

US Business

Apple Readies $1 Billion War Chest for Hollywood Programming

Wed, 16 Aug 2017 05:25:22 EDT

Apple has set a budget of roughly $1 billion to procure and produce original content over the next yearóa sign of how serious the iPhone maker is about making a splash in Hollywood.

Fed Minutes May Offer Clues on Start of Portfolio Wind-Down, Rate Rise Plans

Wed, 16 Aug 2017 06:02:43 EDT

The Federal Reserve on Wednesday will release minutes from its July meeting, when it left interest rates unchanged and indicated it could begin shrinking its bond portfolio as soon as September.

Air Berlin Files for Bankruptcy Protection After Biggest Investor Ends Support

Tue, 15 Aug 2017 10:31:00 EDT

Air Berlin, Germanyís second-largest airline, said it had filed for bankruptcy protection and was in talks to sell part of its operations to larger rival Deutsche Lufthansa.

U.S. Housing Starts Dropped in July

Wed, 16 Aug 2017 08:36:32 EDT

U.S. housing starts fell last month, driven by a pullback in multifamily construction, declining 4.8% in July from the prior month, while residential building permits fell 4.1%.

Consumer Spending Gives Some Retailers a Lift, But Risks Abound

Wed, 16 Aug 2017 00:15:39 EDT

American consumers ramped up spending last month, boosting profits for some retailers such as Home Depot and TJX Cos. and lifting economistsí outlook. But households are also taking on more debt and saving less.

German Economic Growth Robust Despite Slowdown

Tue, 15 Aug 2017 05:42:07 EDT

Germany maintained its solid economic performance, despite an unexpected yet mild slowdown in the second quarter.

Are Retail Sales Dead? Depends Where You Look

Tue, 15 Aug 2017 16:49:13 EDT

Consumers spent freely at some stores and stingily others, as Dickís Sporting Goods and Coach reported weak results while TJX Cos, and Home Depot posted strong quarterly sales.

Akzo Nobel, Elliott Make Peace After Protracted Spat

Wed, 16 Aug 2017 07:46:13 EDT

Akzo Nobel reached a truce with Elliott Management giving the activist investor board representation following a monthslong standoff over Elliottís push to force the Dutch chemicals company into talks over a $28 billion takeover bid.

Nafta Talks Open With Spat Over Resolving Tariff Conflicts

Wed, 16 Aug 2017 08:37:43 EDT

Talks to remake the North American Free Trade Agreement start off today with an early disputeóover how to settle tariff disputes.

Uber Shareholders Fight for Control as Leadership Vacuum Weighs

Wed, 16 Aug 2017 08:15:08 EDT

The acrimony among Uberís investors spilled further into view with a new letter from one shareholder alleging underhand tactics by Benchmark Capital.

Fiat Chrysler Joins BMW-Led Self-Driving Car Tech Alliance

Wed, 16 Aug 2017 08:25:27 EDT

Fiat Chrysler said itís joining a BMW-led consortium to develop self-driving car technology, a move that comes more than a year after the group was formed with an aim of producing fully automated vehicles by 2021.

U.K. Consumer Inflation Flat in July

Tue, 15 Aug 2017 05:06:39 EDT

Britainís consumer price inflation remained unchanged and growth in producersí raw materials costs slowed sharply in July, adding to signs that a squeeze on U.K. households evident since last yearís Brexit vote might soon begin to ease.

Computer-Chip Testing Firm Urges Blocking Sale of Rival to China Fund

Tue, 15 Aug 2017 18:19:03 EDT

Cohu, which tests semiconductors, wants to persuade the U.S. Committee on Foreign Investment that the proposed sale of Xcerra to a Chinese state-backed fund would threaten national security.

Some Companies Want You to Take a Mental-Health Day

Tue, 15 Aug 2017 11:25:42 EDT

More companies are trying to destigmatize mental illness and encourage workers to use mental-health days for their original intent.

The New Innovator's Dilemma: When Customers Won't Pay for Better

Wed, 16 Aug 2017 05:46:23 EDT

For almost a century, pharmaceutical giant Novo Nordisk rolled out new versions of its core product at higher prices. Then suddenly, governments and insurers decided the older, less expensive versions were good enough.

CEOs Rethink Ties With White House

Wed, 16 Aug 2017 08:15:13 EDT

President Donald Trumpís response to the weekend violence in Charlottesville, Va., has sparked soul-searching in U.S. corporate boardrooms over whether they should keep working closely with the White House.

South Carolina Sues Purdue Pharma, Alleging Deceptive Opioid Marketing

Tue, 15 Aug 2017 22:42:13 EDT

Lawsuits filed over the opioid crisis continued to mount this week, with an action brought by South Carolina against drugmaker Purdue Pharma and an earlier suit by Birmingham, Ala., against drug distributors.