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WSJ.com: Business



Business



Last Build Date: Thu, 21 Sep 2017 00:30:30 EDT

Copyright: copyright © 2017 Dow Jones & Company, Inc.
 



Pfizer Files Antitrust Lawsuit Against J&J

Thu, 21 Sep 2017 00:05:30 EDT

Pfizer filed suit against Johnson & Johnson alleging it has thwarted competition to its arthritis drug Remicade by effectively preventing health insurers, hospitals and clinics from offering Pfizer’s lower-priced copy.



GE to Shut Down Corporate Jet Fleet

Wed, 20 Sep 2017 20:54:48 EDT

General Electric is grounding its corporate fleet of jets as new CEO John Flannery continues to look for ways to slash costs at the industrial giant.



Albertsons to Buy Meal-Kit Company Plated

Wed, 20 Sep 2017 16:39:35 EDT

Albertsons Cos. is buying the Plated meal-kit service, the first acquisition of a prepared-meals company by a national grocery chain as supermarkets scramble to keep shoppers coming to their stores.



Music Industry Recovery Continues, Powered by a Surge in Subscriptions

Wed, 20 Sep 2017 14:55:23 EDT

Revenue from recorded music accelerated in the first half of 2017 in the U.S. as more consumers shelled out for subscription streaming services.



European Earnings Sapped by Strong Euro

Wed, 20 Sep 2017 15:31:43 EDT

The strong euro is taking a bite out of European earnings, with the region’s companies bracing for more pain in the coming months and searching for ways to protect their bottom line.



Indian Titan to Become Top Shareholder in Anglo American

Wed, 20 Sep 2017 14:18:12 EDT

The family trust of the founder of India’s largest mining company plans to ramp up its investment in Anglo American by as much as $2 billion, making it the biggest investor in the British mining company.



For Holiday Hires, It's Already Beginning to Look a Lot Like Christmas

Wed, 20 Sep 2017 16:27:40 EDT

With low unemployment and an expected increase in e-commerce orders, retailers and logistics companies are starting early and going the extra mile to attract seasonal employees.



How to Lure Online Shoppers to the Mall? Ski Slopes, Aquariums, Spas

Wed, 20 Sep 2017 09:39:51 EDT

As the West grapples with a decline in brick-and-mortar retail, Dubai’s mega malls are becoming entertainment destinations for the whole family.



Clariant, Huntsman's $15 Billion Merger Faces Tough Opposition

Wed, 20 Sep 2017 02:55:25 EDT

A group of U.S. activist investors threatened to vote against the proposed merger between Clariant and U.S.-based Huntsman, jeopardizing a deal that would create a $15 billion chemicals giant.



Ten Network's Creditors Accept CBS Buyout Offer

Tue, 19 Sep 2017 23:10:41 EDT

Creditors of Australia’s Ten Network accepted an increased offer for the insolvent broadcaster from U.S. media giant CBS, rejecting a rival proposal from media moguls Bruce Gordon and Lachlan Murdoch.



Touch Screens in Cockpits Would Improve Airliner Safety, Research Shows

Wed, 20 Sep 2017 00:48:19 EDT

Cockpits featuring touch-screen controls, historically considered unreliable in severe turbulence, offer some of the most promising safety enhancements for future airliners, according to new European research.



Boeing 'Unlikely' to Deliver First Tanker in 2017

Tue, 19 Sep 2017 15:42:34 EDT

Boeing is unlikely to meet its target of delivering the first of a new fleet of aerial refueling tanker jets by the end of the year, according to a person familiar with the military program.



Best Buy Sets Five-Year Plan for Sales and Cost-Cutting

Tue, 19 Sep 2017 18:00:07 EDT

Best Buy Co. set a modest sales forecast for the next five years and said it won’t cut costs as deeply as it has in years past, a shift it said focuses on long-term growth and investments.



Judge to Reconsider NextEra-Oncor Breakup Fee

Tue, 19 Sep 2017 14:20:23 EDT

A bankruptcy judge said he would reconsider the approval of NextEra Energy’s $275 million breakup fee for its failed attempt to take over Energy Future Holdings’s Oncor power-transmission business.



Cost of Employer-Provided Health Insurance Rises Toward $19,000 a Year

Tue, 19 Sep 2017 18:18:57 EDT

The average cost of health coverage offered by employers pushed toward $19,000 for a family plan this year, while the share of firms providing insurance to workers continued to edge lower, according to a major survey.



Walgreens Finally Gains Approval for Rite Aid Deal

Tue, 19 Sep 2017 18:11:16 EDT

Walgreens Boots Alliance received regulatory approval for its deal to buy nearly 2,000 stores from Rite Aid but only after the number of stores to be purchased was again trimmed to allay antitrust concerns.



Toys 'R' Us Bankruptcy Poses Challenge for Toy Makers

Tue, 19 Sep 2017 16:24:17 EDT

The bankruptcy filing of Toys ‘R’ Us ends weeks of uncertainty for the toy industry while creating a new challenge for toy makers just ahead of the busy holiday season.



Progressive Reports Hurricane Harvey Linked to 90% of Total Catastrophe Losses in August

Tue, 19 Sep 2017 10:29:42 EDT

Progressive Corp. swung to a loss in August, the company reported Tuesday, with Hurricane Harvey more than tripling the insurer’s catastrophe losses in the period compared to last year.



Fox News, Host Hit With Allegation

Tue, 19 Sep 2017 11:47:16 EDT

Scottie Nell Hughes, a former on-air guest on the Fox News Channel and Fox Business Network, alleged in a lawsuit that she was blacklisted by the network and defamed after accusing an anchor of rape and assault.



The North Sea Is Suddenly, Surprisingly, an Oil Hot Spot

Tue, 19 Sep 2017 19:32:01 EDT

For over a decade, the North Sea’s once-booming oil sector was mired in decline. Against the odds, it has emerged as an unlikely bright spot in today’s stormy global energy industry.



CEO Catches Stranger After Hours, Prompting Espionage Charges

Tue, 19 Sep 2017 18:16:16 EDT

A man's after-hours visit to a medical-technology startup near Boston marks the latest economic-espionage case alleging attempted theft of trade secrets from U.S. companies.



Equifax Discloses Earlier Cybersecurity Incident

Tue, 19 Sep 2017 12:35:48 EDT

Equifax hired cybersecurity experts to deal with an incident on its corporate networks in March, two months before the start of the hack that it has said led to the potential compromise of personal data belonging to 143 million U.S. consumers.



Toys 'R' Us, Once a Category Killer, Files for Bankruptcy

Tue, 19 Sep 2017 16:22:58 EDT

Toys ‘R’ Us, for decades the go-to spot for birthday and holiday gifts, filed for chapter 11 bankruptcy protection, undone by a hefty debt load and the rapid shift to online shopping.



Northrop Grumman Move to Acquire Rocket Maker Reflects Military Space Race

Mon, 18 Sep 2017 22:46:40 EDT

Northrop Grumman plans to acquire Orbital ATK for around $7.8 billion in a bid to position itself for the new military battleground: space.



Brazil's JBS Shares Fall After Founder Returns as CEO Amid Scandal

Mon, 18 Sep 2017 20:12:39 EDT

Shares in JBS, the world’s largest meatpacker, fell Monday after the Brazilian company picked its 84-year-old founder to replace his jailed son as chief executive, defying calls by investors for outside management.



Roku Expects IPO to Raise More Than $200 Million

Mon, 18 Sep 2017 15:36:22 EDT

Roku Inc. said it expects to raise more than $200 million in its initial public offering, as the maker of streaming-media devices set a price range that would value the company between $1.1 billion and $1.3 billion.



Trudeau, May Press Boeing in Dispute With Bombardier

Mon, 18 Sep 2017 15:07:46 EDT

The Canadian and U.K. prime ministers want the U.S. aircraft maker to end its pursuit of a trade complaint against the Montreal-based company.



Teva Sells Slate of Women's Health Products

Mon, 18 Sep 2017 10:38:21 EDT

Teva Pharmaceutical Industries Ltd. will sell the remaining assets in its specialty global women’s health business for $1.38 billion, the company’s latest move to grapple with high debt.



Dollar Tree Promotes Longtime Executive to CEO

Mon, 18 Sep 2017 10:24:15 EDT

Dollar Tree’s top ranks are changing as its former leader becomes its executive chairman and a longtime employee takes over as chief executive.



Ingredion Names James Zallie Next CEO

Mon, 18 Sep 2017 10:52:30 EDT

Ingredion Inc. said industry veteran James Zallie will become chief executive officer effective Jan. 1, replacing the retiring Ilene Gordon.



Northrop Grumman to Buy Orbital ATK for $7.8 Billion

Mon, 18 Sep 2017 12:09:44 EDT

Northrop Grumman said it agreed to buy Orbital ATK for $7.8 billion, as merger activity in the aerospace industry heats up.



'We've Been Breached': Inside the Equifax Hack

Mon, 18 Sep 2017 14:20:18 EDT

The crisis has sent shock waves through the industry, spooked consumers and sparked investigations. A focus for inquiry is a software glitch that appears to be how the intruders got into the company’s systems.



Northrop Grumman to Buy Orbital ATK

Mon, 18 Sep 2017 06:39:34 EDT

Northrop Grumman has agreed to buy Orbital ATK for $7.8 billion in cash, expanding its focus on military aircraft to include the fast-growing missile-defense business.



Lachlan Murdoch Loses Challenge to CBS's Bid for Ten Network

Mon, 18 Sep 2017 10:31:57 EDT

Australian television entrepreneur Bruce Gordon and Lachlan Murdoch, the son of media mogul Rupert Murdoch, have lost a legal bid to thwart the takeover of insolvent Ten Network Holdings by U.S. broadcasting giant CBS.



Canadian Union to Strike at GM SUV Plant

Mon, 18 Sep 2017 10:35:08 EDT

A Canadian union failed to reach an agreement on a new contract with General Motors and its members will strike, threatening to crimp supply of the auto maker’s top-selling SUV.