Last Build Date: Tue, 06 Dec 2016 00:39:33 ESTCopyright: copyright © 2016 Dow Jones & Company, Inc.
Mon, 05 Dec 2016 23:46:12 ESTAustralia’s BHP Billiton won the bidding to join with Mexican state oil company Petróleos Mexicanos in the Trion oil field in the Gulf of Mexico, in the first award of several auctions of deep-water oil blocks.
Mon, 05 Dec 2016 22:17:03 ESTThe Australian energy company said it would bundle its upstream operations into a new company and sell them next year in an effort to slash debt.
Mon, 05 Dec 2016 18:46:28 ESTBob Evans Farms lowered most financial projections for the year, as sales remain sluggish, and the company wrote down $16 million it had expected to collect from the sale of Mimi’s Café.
Mon, 05 Dec 2016 18:21:54 ESTBrazilian meatpacking giant JBS SA said late Monday it is planning a U.S. initial public offering of its JBS Foods International BV unit in the first half of next year.
Mon, 05 Dec 2016 17:52:38 ESTSaks Fifth Avenue and Galeria Kaufhof owner Hudson’s Bay reported disappointing sales ahead of the holiday shopping season, with Saks and outlet stores accounting for the largest sales declines.
Mon, 05 Dec 2016 17:39:58 ESTKinder Morgan unveiled a preliminary capital-spending budget of $3.2 billion for expansion programs next year and said it would raise its dividend in 2018.
Mon, 05 Dec 2016 21:50:42 ESTUnder Armour struck a sponsorship deal with Major League Baseball that will put the company’s logo on the front of a major professional sports uniform but will give most revenue from jersey sales to another company.
Mon, 05 Dec 2016 21:36:00 ESTThe Justice Department and proposed merger partners Aetna Inc. and Humana Inc. presented a judge Monday with starkly different visions of how the transaction would affect the marketplace.
Mon, 05 Dec 2016 15:20:10 ESTThe U.S. government’s massive airwaves auction again failed to move forward Monday after a single two-hour round of bidding didn’t generate enough demand.
Mon, 05 Dec 2016 23:28:52 ESTStarbucks went public about 25 years ago with the then-bold idea that customers would pay more than $1 for a cup of coffee. Now, the coffee chain is betting people will pay as much as $1 an ounce.
Mon, 05 Dec 2016 14:08:40 ESTCheung Kong Infrastructure has bid about $5.4 billion for Australian pipeline operator and power distributor Duet Group, in another attempt by Hong Kong billionaire Li Ka-shing to strengthen his company’s position in the country.
Mon, 05 Dec 2016 13:51:45 ESTTerraform Power reported a net loss of $208 million for 2015, the renewable power plant owner’s first financial report in more than a year as it seeks to disentangle itself from its bankrupt parent, SunEdison.
Mon, 05 Dec 2016 14:06:55 ESTA majority of the more than 9,000 mechanics at United Continental approved a six-year labor agreement that will lift wages.
Mon, 05 Dec 2016 13:36:18 ESTWal-Mart Stores Inc. reached a tentative agreement to settle a class-action complaint that accused the retailer of discriminating against gay employees and their spouses by denying them health benefits.
Mon, 05 Dec 2016 13:24:49 ESTWorkers at jet-engine maker Pratt & Whitney ratified a five-year contract Sunday, avoiding a potential labor dispute when the company is trying to increase production of new engines for commercial airliners.
Mon, 05 Dec 2016 12:55:14 ESTLimited Stores has begun laying off employees at its Ohio headquarters as the troubled women’s apparel chain hopes to snag a buyer.
Mon, 05 Dec 2016 12:46:10 ESTTravel B.V., which plans to change its name to Trivago, provided details of its planned initial public offering of as much as $428 million in American depositary shares.
Mon, 05 Dec 2016 13:18:07 ESTIran’s state-owned shipping company is in advanced talks with Korean shipyard Hyundai Heavy Industries for a $650 million order of container ships and tankers.
Mon, 05 Dec 2016 11:21:03 ESTGeneral Mills said between 400 and 600 jobs would be eliminated in a restructuring as the struggling food giant works to adapt to changing food trends and prepare for an eventual new leader.
Mon, 05 Dec 2016 10:42:39 ESTDonald Trump took aim Friday at a second U.S. manufacturer that plans to move jobs from Indiana to Mexico, a day after he threatened consequences for business that shifted American jobs abroad.
Mon, 05 Dec 2016 13:05:13 ESTA gene-editing tool called Crispr-Cas9 has sparked millions of dollars of investments. Rival research teams that claim patents are going to court to determine who owns the commercial rights.
Mon, 05 Dec 2016 10:11:21 ESTMexican cement maker Cemex SAB said Monday it will make a takeover bid for Trinidad Cement Ltd., aming to raise its stake in the Caribbean concern to 74.9% from the current 39.5% for about $89 million.
Mon, 05 Dec 2016 09:50:28 ESTLiberty Mutual Insurance said Monday it reached a deal to buy property and casualty insurer Ironshore Inc. in a deal valued at about $3 billion, as Liberty seeks to grow its specialty lines operations.
Mon, 05 Dec 2016 09:40:51 ESTDonald Trump criticized Rexnord for its plans to move a factory from Indianapolis to Mexico, the second time the president-elect has pressed an attack against a U.S. company set to shift production abroad.
Mon, 05 Dec 2016 23:48:34 ESTTyson Foods, Hershey and other established food companies are following startups into the meal-kit market, hunting for new ways to profit from ingredients that they already make.
Mon, 05 Dec 2016 21:41:09 ESTTyson Foods is starting a $150 million venture-capital fund to invest in high-tech products and services that could help refresh its stable of products, which include chicken, hot dogs and hamburgers.
Mon, 05 Dec 2016 00:17:02 ESTGinni Rometty, CEO of IBM, a company criticized by President-elect Donald Trump for moving jobs overseas, was named as one of 16 business leaders who will advise Mr. Trump as he implements his plan to stem the outflow of U.S. jobs.
Mon, 05 Dec 2016 12:35:35 ESTFormer New York City mayor and billionaire philanthropist Michael Bloomberg has spent hundreds of millions of dollars of his fortune over the past decade fighting tobacco use in the developing world. Now, with cigarette use declining globally, he is deepening his campaign.
Sun, 04 Dec 2016 22:31:35 ESTSmithfield Foods plans to cut a quarter of its carbon emissions over eight years, working with onetime environmental critics on a move the pork producer hopes will trim costs and burnish its brand.
Sat, 03 Dec 2016 00:26:04 ESTWashington approved a Norwegian airline’s longstanding application to fly new routes, potentially sparing the incoming Trump administration from a trade spat with the European Union.
Fri, 02 Dec 2016 16:38:48 ESTThe Federal Communications Commission warned AT&T and Verizon that the practice of excluding certain video services from data charges could harm competition.
Fri, 02 Dec 2016 16:15:39 ESTGawker Media, which has long defended its right to publish a video that showed wrestler Hulk Hogan having sex, is now blaming the ensuing legal battle on a former editor.
Fri, 02 Dec 2016 15:41:31 ESTThe International Association of Athletics Federations has agreed to a long-term partnership with Asics Corp., according to people familiar with the matter, giving the global governing body of track and field a new outfitting sponsor after Adidas AG terminated its agreement early.
Fri, 02 Dec 2016 15:16:17 ESTUnited Continental Holdings Inc., bedeviled for more than a year by corruption allegations, brought the episode to what it hopes is a close after it was assessed $2.4 million in penalties by the Securities and Exchange Commission.
Fri, 02 Dec 2016 19:35:22 ESTMexico is opening what’s considered the crown jewel of its energy industry—deep-water fields in the Gulf of Mexico—to foreign bidders in a move to reverse the nation’s declining crude oil production.
Fri, 02 Dec 2016 11:41:24 ESTThe Treasury Department spent nearly three years reshaping international corporate transactions and deterring inversions. Now, all that work, capped with a crucial set of final rules in October, could come undone.
Fri, 02 Dec 2016 13:25:00 ESTRailcar manufacturers and equipment-leasing companies feasted on high demand to move coal, oil and other commodities from 2012 until last year. Then commodity prices crashed and output slumped.
Fri, 02 Dec 2016 11:54:09 ESTGreg Hayes’ pilgrimage to Trump Tower ended roughly two weeks of intensive talks between representatives of Vice President-elect Pence and United Technologies. Under the deal, the company will get $7 million over 10 years to keep jobs in Indiana.
Fri, 02 Dec 2016 10:10:46 ESTChina cautioned U.S. President Barack Obama against blocking the takeover of Germany’s Aixtron by a Chinese investor, insisting it was a “normal commercial” acquisition despite national-security concerns about the deal.
Fri, 02 Dec 2016 09:23:08 ESTXerox named Time Warner Cable veteran William Osbourn Jr. finance chief following the company’s split into two publicly traded companies at the end of the year.
Thu, 01 Dec 2016 21:56:52 ESTFormer Red Sox slugger David Ortiz said he and a star-studded group of former players are launching Dugout Ventures, a private-equity fund that will focus on companies manufacturing the next generation of baseball equipment.