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US Business

Last Build Date: Tue, 28 Feb 2017 10:40:03 EST

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

Target Slashes Outlook as Sales Fall

Tue, 28 Feb 2017 09:50:18 EST

Target said 2017 profits would fall as much as 25% below what Wall Street forecast, and the big-box retailer reported sales and profit declines for the holiday quarter.image

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Samsung Heir Lee Jae-yong Indicted on Bribery Charges

Tue, 28 Feb 2017 10:37:37 EST

South Korean prosecutors indicted Samsung’s de facto leader Lee Jae-yong on charges of bribery and four other offenses, setting in motion legal proceedings that could put the tycoon behind bars for years.image

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Satellite Startup OneWeb, Intelsat to Merge

Tue, 28 Feb 2017 09:09:04 EST

U.S. satellite start-up OneWeb Ltd. said it will merge with restructuring satellite operator Intelsat SA, with Japan’s SoftBank Group Corp. injecting $1.7 billion into the combined entity. image

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Uber's All-Out Meritocracy Comes Under Fire

Tue, 28 Feb 2017 10:35:36 EST

Uber enshrines “meritocracy and toe-stepping” in a list of 14 corporate values. That culture is now under scrutiny as the company faces allegations from a former engineer who said last week that managers dismissed her sexual-harassment complaints because the accused employee was a top performer.image

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Apple's Next iPhone Will Have a Curved Screen

Tue, 28 Feb 2017 10:19:04 EST

Apple has decided to adopt a flexible OLED display for one model of the new iPhone coming out this year and has ordered sufficient components to enable mass production. image

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U.S. GDP Advanced 1.9% in Final Quarter of 2016

Tue, 28 Feb 2017 09:44:17 EST

U.S. consumer spending was stronger than initially thought in the final months of 2016, though the overall economic-growth trajectory remained muted amid downward revisions for business investment and government spending. image

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Trump to Propose $20 Billion Boost in Military Spending

Mon, 27 Feb 2017 19:25:23 EST

President Donald Trump’s budget proposal would offset a roughly $20 billion boost in military spending from current levels by cutting funding across the rest of the government.image

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U.S. Home Prices End 2016 on High Note, Case-Shiller Says

Tue, 28 Feb 2017 10:39:53 EST

Home prices grew at the fastest rate in 2.5 years in December, shrugging off higher interest rates to cap a year of robust growth.image

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Aircraft Sales Boosted U.S. Durable-Goods Orders in January

Mon, 27 Feb 2017 18:49:08 EST

Orders for long-lasting factory goods climbed last month due to purchases of military and civilian aircraft, overshadowing a weak start to 2017 for business investment in new equipment.image

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What Do You Buy When Trump Wins? A Bentley

Tue, 28 Feb 2017 10:25:37 EST

A soaring U.S. stock market is propelling sales of superluxury cars. Buyers are feeling more confident about shelling out six figures for a set of wheels as market investors have been on a tear in recent months on bets that the Trump administration will enact business-friendly policies. image

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Where Is Evan Spiegel? Snap Inc.'s Founder Is Elusive, Secretive, and Soon to Be Very Rich

Tue, 28 Feb 2017 10:35:32 EST

Ahead of a possible $22 billion IPO, Snap’s unorthodox CEO and co-founder has resisted Silicon Valley’s open, collaborative management culture and kept communication to a minimum. The question is whether this cosseted style will help the company challenge the Facebook juggernaut.image

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Feeling Burned Out at Work? Join the Club

Tue, 28 Feb 2017 10:28:11 EST

Burnout is claiming victims at work and companies aren’t ready to cope, say psychology and human-resources experts. An always-on work culture, combined with feelings of job insecurity and directives to do more with less—even when business is booming—has driven workers to the breaking point.image

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SpaceX Proposes Taking Tourists Around the Moon

Tue, 28 Feb 2017 10:25:40 EST

Elon Musk’s SpaceX has proposed taking tourists around the moon in as soon as two years, touting such missions as the evolution of public-private partnerships favored by the Trump administration.image

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The World's Most Radical Experiment in Monetary Policy Isn't Working

Mon, 27 Feb 2017 14:52:18 EST

A generation of Japanese have grown accustomed to falling prices. That’s presented a seemingly impassable obstacle to the central bank, whose negative interest rates and other stimulus policies were supposed to spur wage and price increases.image

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Senate Confirms Wilbur Ross as Commerce Secretary

Tue, 28 Feb 2017 06:36:03 EST

The Senate confirmed Wilbur Ross as Commerce secretary Monday, an appointment key to allowing President Donald Trump to make progress on his campaign promise to overhaul U.S. trade policy.image

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Economic Surveys Show Deep Splits in Confidence Along Party Lines

Sun, 26 Feb 2017 13:02:01 EST

Since the election of President Donald Trump, consumer confidence and sentiment surveys that ask participants about the health of the economy have seen their responses divided like never before along partisan lines. image

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The Accountant, the Tweet and the Oscar: Inside the Best-Picture Snafu

Tue, 28 Feb 2017 10:28:03 EST

A managing partner at PricewaterhouseCoopers posted a celebrity photo on Twitter backstage at the Academy Awards on Sunday night just minutes before he mistakenly gave an envelope to actor Warren Beatty that set off the disastrous announcement of the wrong best-picture winner.image

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QVC Operator Liberty Interactive Profit Falls

Tue, 28 Feb 2017 09:44:38 EST

Liberty Interactive, the parent of home shopping network QVC, posted a 16% decline in profit in the final quarter of the year amid slower consumer demand in the U.S.image

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SeaWorld Attendance Declines, Loss Widens

Tue, 28 Feb 2017 09:51:08 EST

SeaWorld Entertainment Inc. reported a bigger loss in the latest quarter, hurt by higher expenses as fewer people visited its venues.image

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