US Business

US Business

New-Home Sales Rise in May as Prices Hit Record Level

Fri, 23 Jun 2017 22:30:00 EDT

New-home sales rose in May and prices hit a record, more evidence of a housing market characterized by strong demand and tight inventories.

If Your Cellphone Bill Isn't Falling, You're Missing Out

Fri, 23 Jun 2017 15:44:11 EDT

There are more cellphones in America than people. That market saturation has led to brutal price competition, which in turn is transforming consumers’ costs, industry profits and antitrust law.

American Airlines Bid Puts Qatar Airways' Chief in New Role: Raider

Sat, 24 Jun 2017 11:21:32 EDT

Akbar Al Baker, the Qatar carrier’s sometimes abrasive CEO, isn’t backing down from his bid for a stake in American Airlines despite opposition from the target’s chief, its pilots and unions.

From Music to Maps, How Apple's iPhone Changed Business

Sat, 24 Jun 2017 08:13:22 EDT

Apple’s iPhone, and the smartphone boom that followed, gave rise to whole new industries, laid waste to others and forced new business models. As the device turns 10, we take stock of its impact.

Mexico's Central Bank Lifts Rates

Fri, 23 Jun 2017 13:02:32 EDT

The Bank of Mexico lifted the overnight interest rate target by a quarter percentage point to 7%, the highest level since early 2009, and indicated that the tightening cycle that began in September has ended for now.

U.S. Probes SeaWorld Over Executives' Comments on Documentary

Sat, 24 Jun 2017 14:16:51 EDT

SeaWorld Entertainment said it received subpoenas from the government related to trading in its securities and statements made by its executives, including those discussing the impact of “Blackfish,” a critical documentary that sent ripples through the company.

Anthem Agrees to $115 Million Settlement Over Data Breach

Fri, 23 Jun 2017 17:16:16 EDT

Anthem Inc. has agreed to pay $115 million to settle a class-action lawsuit filed after a 2015 cyberattack exposed personal information of more than 78 million people, the company said Friday.

Google's 'Trust Us' Approach Doesn't Satisfy Pay Gap Skeptics

Sun, 25 Jun 2017 10:00:27 EDT

Google, which has long portrayed itself as one of the world’s best workplaces, is facing government accusations that it underpays women and resisting pressure to turn over salary data to disprove them.

Senate Health Bill Gives Huge Tax Cuts to Businesses, High-Income Households

Thu, 22 Jun 2017 17:26:54 EDT

The Senate’s health-care bill repeals hundreds of billions of dollars in taxes on businesses and high-income households and includes a retroactive cut in capital-gains taxes.

U.K.'s Euro Clearing Business at Risk as ECB Requests More Powers

Fri, 23 Jun 2017 10:47:07 EDT

The European Central Bank requested greater powers to supervise euro-denominated clearing, stepping up a tug of war between European Union authorities and Britain over the future of the lucrative business line after Brexit.

Fed's Stress Tests Bolster Case for Easing Bank Rules

Fri, 23 Jun 2017 17:45:40 EDT

The outcome of the latest stress test on banks gives ammunition to the Trump administration and lawmakers who see some of the rules put in place after the financial crisis as excessive.

Takata Plans Bankruptcy Filing as Soon as Sunday

Sun, 25 Jun 2017 12:39:01 EDT

Takata Corp., the supplier of rupture-prone air bags linked to numerous deaths and injuries, is preparing to seek bankruptcy protection as soon as Sunday with a tentative deal to sell operations to a rival.

Leaderless Uber Scrambles to Prevent Employee Exodus

Sat, 24 Jun 2017 08:35:45 EDT

Uber’s senior managers have been urging its more than 15,000 employees to stick around and see how the embattled company reinvents itself after the ouster of its CEO.

Shipping Firm Frontline to Abandon Pursuit of Gener8

Sat, 24 Jun 2017 12:11:03 EDT

Frontline Ltd., the tanker firm owned by Norwegian billionaire John Fredriksen, has abandoned plans to acquire U.S.-listed rival Gener8 Maritime Inc., a person familiar with the matter said.

Google to Stop Reading Users' Emails to Target Ads

Fri, 23 Jun 2017 19:01:14 EDT

Google said its computers will soon stop reading the emails of its Gmail users to personalize their ads, a move that addresses a longstanding privacy concern about a product that is central to its growing corporate-services business.

Sticking Points Slow GOP Budget Efforts

Thu, 22 Jun 2017 17:49:30 EDT

House Republicans are struggling to agree on a plan to fund the federal government for 2018, a critical task that they must tackle before moving ahead with ambitions for a tax overhaul.

Fiat Chrysler's Green Autos Have a Problem: They're Not for Sale

Sun, 25 Jun 2017 03:28:36 EDT

The auto maker suspended production of its well-regarded Pacifica hybrid minivan in recent weeks and has recalled it, leaving customers and dealers disappointed.

Trump's Steel-Tariff Threat Faces Resistance From Lawmakers

Fri, 23 Jun 2017 10:49:47 EDT

Senior lawmakers in both parties are resisting the Trump administration’s moves toward imposing steel tariffs on national-security grounds, worried that other countries could use the same argument to block exports from their states.

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