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US Business

Last Build Date: Fri, 19 Jan 2018 00:45:19 EST

Copyright: copyright © 2018 Dow Jones & Company, Inc.

Amazon Narrows Choices for Second Headquarters to 20

Fri, 19 Jan 2018 00:45:05 EST

Amazon named 20 metropolitan areas as finalists for its second headquarters after reviewing 238 proposals from across the U.S., Canada and Mexico. New York, Chicago, Columbus, Ohio, and Indianapolis are among the choices.image

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American Express Reports First Loss in Quarter-Century

Thu, 18 Jan 2018 18:08:02 EST

American Express recorded its first quarterly loss in a quarter-century and said it would suspend its share-buyback program as it absorbed a hit from tax changes in the U.S.image

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New Type of Cyberattack Targets Factory Safety Systems

Thu, 18 Jan 2018 20:41:12 EST

Hackers who attacked a petrochemical plant in Saudi Arabia last year gained control over a safety shut-off system that is critical in defending against catastrophic events. image

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With Tax Savings, Some Employers to Boost 401(k) Contributions

Thu, 18 Jan 2018 15:15:35 EST

A growing number of companies plan to use some of the savings they expect to realize from the tax overhaul to boost their contributions to employees’ 401(k) retirement-savings accounts. image

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Fickle Cord-Cutters Vex TV Streaming Services

Thu, 18 Jan 2018 22:45:08 EST

As they court a generation of cable TV cord-cutters, streaming services are making it easy for subscribers to come and go as they please. But the risk is that the flexibility will lead to a higher level of service cancellations, or “churn,” than in traditional TV.image

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U.S. Jobless Claims Fell to Near 45-Year Low

Thu, 18 Jan 2018 10:13:22 EST

The number of Americans filing applications for new unemployment benefits fell last week to the lowest level in nearly 45 years, a sign the labor market is beginning 2018 with strong momentum.image

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White House Considering San Francisco Fed's Williams for Fed Vice Chairman

Thu, 18 Jan 2018 19:02:14 EST

The White House is considering John Williams, the president of the San Francisco Fed, as a candidate to serve as the vice chairman of Federal Reserve Board in Washington, according to people familiar with the matter.image

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New Home Building Dropped Sharply at End of 2017

Thu, 18 Jan 2018 11:12:03 EST

The number of housing units that began construction fell sharply at the end of 2017, but still capped a solid year of new single-family home construction that could soon relieve rising home prices. image

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China's Robust Growth to Face Pressure in 2018

Thu, 18 Jan 2018 20:01:18 EST

China’s economic growth accelerated for the first time in seven years last year, reaching 6.9% on rising demand. But the expansion’s key drivers, from investment to consumption, appear to be weakening.image

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IBM Revenue Grows for the First Time Since 2012

Thu, 18 Jan 2018 22:36:23 EST

International Business Machines Corp. reported higher revenue for the first time in 23 quarters and signaled continued growth into 2018, giving Chief Executive Ginni Rometty breathing space as she tries to turn around the century-old tech giant.image

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Hospitals Plan to Produce Generic Drugs in Bid to Fix Troubled Market

Thu, 18 Jan 2018 15:37:39 EST

Four nonprofit hospital groups, frustrated with common shortages and price spikes that they say have hampered patient care, are joining forces to manufacture and market generic drugs.image

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Drugmaker Raises U.S. Price of Muscular-Dystrophy Treatment

Thu, 18 Jan 2018 16:50:51 EST

PTC Therapeutics Inc. this month increased the list price of its muscular-dystrophy treatment by about 9%, to more than $65,000 annually for a common dosage. image

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Kinship Emerges as Immigration Flashpoint

Wed, 17 Jan 2018 17:22:46 EST

Lately, the case against family-based migration has taken a strident turn. Immigration restrictionists, including President Donald Trump, portray it as a conduit for terrorism and crime, writes Greg Ip. image

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Buybacks, Pension Contributions and Savings: Companies Tout Tax Benefits

Wed, 17 Jan 2018 21:52:18 EST

Some of the biggest U.S. companies are promising significant annual savings, bigger pension contributions, higher dividend payments and more extensive stock buybacks as executives start to discuss the impact of the federal tax overhaul. image

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Senate Panel Again Votes to Back Powell as Fed Chief

Wed, 17 Jan 2018 20:30:27 EST

The Senate Banking Committee on Wednesday voted for the second time to advance the nomination of Jerome Powell to be the next chairman of the Federal Reserve.image

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Bankruptcy Judge Rules Against Settlement Triggering GM Payout

Thu, 18 Jan 2018 17:24:47 EST

General Motors avoided a potential $1 billion-plus stock payout to address claims stemming from the auto giant’s ignition-switch crisis after a judge found a settlement between plaintiffs and a trust for the company’s bankruptcy estate unenforceable.image

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Keystone XL Pipeline Obtains Enough Shipper Commitments to Proceed

Thu, 18 Jan 2018 14:41:14 EST

TransCanada announced that it has received enough commitments from oil shippers to advance construction of its controversial Keystone XL pipeline expansion. image

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ADT IPO Prices Well Below Expectations

Thu, 18 Jan 2018 18:30:14 EST

Home-security company ADT’s initial public offering priced sharply below its expected range on Thursday, a setback for what is likely to be one of the biggest IPOs of the year.image

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