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US Business

Last Build Date: Sat, 16 Dec 2017 17:16:10 EST

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

CSX Chief Harrison Dies Days After Taking Medical Leave

Sat, 16 Dec 2017 17:15:57 EST

CSX Chief Executive Hunter Harrison died a day after the surprise announcement that he was placed on medical leave caused the railroad company to lose $4 billion in market value. image

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Billionaire and Wife Found Dead in Toronto Home

Sat, 16 Dec 2017 08:39:01 EST

Apotex founder and Chairman Barry Sherman and his wife, Honey, were found dead in their Toronto home on Friday, the maker of generic drugs said. Police said they were treating the incident as “suspicious.”image

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P&G Concedes Proxy Fight, Adds Nelson Peltz to Its Board

Sat, 16 Dec 2017 08:40:00 EST

Procter & Gamble said it would add activist investor Nelson Peltz to its board, ending weeks of intrigue after the biggest and most expensive proxy battle ever fought essentially finished with a tie.image

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Why Cash Returning From Overseas Isn't Likely to Create Jobs---and Might Even Reduce Them

Sat, 16 Dec 2017 12:08:46 EST

Republican lawmakers say their tax overhaul would spur companies to hire more employees and build factories in the U.S. Yet one key provision, which will free up hundreds of billions of dollars for companies to spend, will probably benefit shareholders, analysts say. image

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Uber Hacked and Surveilled Rivals, Alleges Ex-Manager in Letter

Sat, 16 Dec 2017 10:32:52 EST

A 37-page letter sent to Uber’s management in May that painted it as a paranoid firm with a sophisticated intelligence apparatus designed to gain an edge on rivals and trick regulators has been made public. image

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GOP Is Poised to Pass Sweeping Tax Overhaul

Sat, 16 Dec 2017 10:54:18 EST

Republicans stood on the verge of delivering the most significant changes to the U.S. tax code in more than three decades, after a series of last-minute deals appeared to clear the last big obstacles to passage next week.image

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U.S. Industrial Production Rose 0.2% in November

Fri, 15 Dec 2017 14:45:55 EST

U.S. industrial production rose slowly in November, with the increase entirely due to a post-hurricane recovery in oil and gas extraction.image

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NLRB Overturns Obama-Era Ruling on Jointly Employed Workers

Fri, 15 Dec 2017 09:05:23 EST

The National Labor Relations Board overturned an Obama-era ruling that potentially made it easier for contractors and workers at franchised businesses to form unions and collectively bargain with big corporationsimage

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Fed's Quarles to Recuse Himself From Matters Involving Wells Fargo

Fri, 15 Dec 2017 15:45:34 EST

Randal Quarles, the Federal Reserve’s point man on financial regulation, said he would recuse himself from participating in matters related specifically to Wells Fargo, “to avoid even the potential appearance of a conflict of interest.”image

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GM Faces $1 Billion Reckoning in Disputed Ignition-Switch Settlement

Sat, 16 Dec 2017 10:27:16 EST

General Motors faces a potential payout of $1 billion in stock to address claims related to its ignition-switch crisis, depending on the outcome of a looming trial. image

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Corporate Accountants Can Cancel Christmas

Sat, 16 Dec 2017 09:21:17 EST

If the Republican proposal passes and is signed into law in December, finance teams will be scrambling to calculate its effect on their balance sheets and income statements in time for their next earnings reports. image

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Mining World's Ultimate Deal-Maker Struggles in Frugal Era

Sat, 16 Dec 2017 16:45:51 EST

Most big mining companies are wary of doing deals, focusing instead on raising cash, shedding debt and delivering meaty dividends to investors. That’s not an ideal environment for a deal-maker like Mick Davis. image

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A Christmastime Tax Cut for Some, a Lump of Coal for Others

Thu, 14 Dec 2017 15:33:27 EST

Republicans plan to turn their tax overhaul into law next week, giving many businesses a cut while removing some benefits for others and adding to the nation’s budget deficit.image

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As Fed Tightens, Europe Hangs Loose

Fri, 15 Dec 2017 04:01:55 EST

Central banks in Europe showed continued caution about the region’s economic recovery, signaling that they are in no rush to follow the Federal Reserve in steadily raising interest rates.image

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To Recruit, Manufacturers Go to Parents' Nights

Sat, 16 Dec 2017 08:35:59 EST

To attract America’s youth onto the factory floor, manufacturers have tried many tactics from hosting high school tours to providing apprentice programs. Their latest strategy is targeting parents. image

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U.S. Insurers Win 'Bermuda Loophole' Fight

Sat, 16 Dec 2017 13:42:07 EST

Big U.S. property-casualty insurers succeeded in closing what they say is a loophole permitting rivals to rack up profits and move jobs to Bermuda and other low-tax locales, according to lobbyists for both sides. image

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To Break Into the Grammys, Netflix Went Old-School Vinyl

Sat, 16 Dec 2017 07:00:11 EST

Netflix released vinyl records of its streaming comedy specials to garner its first-ever Grammy nominations.image

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HBO's 'Agnelli' Highlights Fiat Chairman's Appetite for Women and Danger

Sat, 16 Dec 2017 09:30:48 EST

A new documentary on Gianni Agnelli follows the colorful exploits of the charismatic Fiat scion. It arrives in very different era from the Italian industrialist’s heyday, one in which public figures face more intense scrutiny.image

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