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Business



Last Build Date: Tue, 25 Jul 2017 00:31:06 EDT

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



Sony Restructures Television Unit

Mon, 24 Jul 2017 19:59:19 EDT

Sony Pictures Entertainment has restructured its television production unit in the wake of two top executives departing last month to oversee’s push into creating original content.



AbbVie Ordered to Pay $150 Million in AndroGel Lawsuit

Mon, 24 Jul 2017 19:00:27 EDT

A federal-court jury in Chicago ordered drugmaker AbbVie to pay $150 million in punitive damages to an Oregon man after finding the company liable for fraudulent misrepresentations about the safety of the testosterone-replacement therapy AndroGel, according to court records.



Arconic Weighs in on London Fire

Mon, 24 Jul 2017 22:41:48 EDT

Arconic Inc. Interim Chief Executive David Hess on Monday expressed sympathy for the victims of a deadly fire last month in London’s Grenfell Tower, but stressed the company had no control over the use of its aluminum panels on the building’s exterior.



Time Looks to Sell Majority Stake in Essence

Mon, 24 Jul 2017 18:03:33 EDT

Time Inc. is looking to sell a majority stake in Essence, the first big move by the publisher since it decided against selling the entire company this spring.



KKR to Buy WebMD in $2.8 Billion Deal

Mon, 24 Jul 2017 22:16:13 EDT

KKR has reached a deal to buy WebMD Health Corp. for $2.8 billion. The New York-based health-information provider had been running an auction after publicly putting itself in play earlier this year.



KKR Near Deal to Buy WebMD

Sun, 23 Jul 2017 22:42:50 EDT

Private-equity firm KKR is nearing a deal to buy health-information provider WebMD Health, according to people familiar with the matter.



Boeing, Flying High, Stays the Course on Job Cuts

Mon, 24 Jul 2017 07:33:36 EDT

Boeing pressed forward with an efficiency push, cutting 6,000 staff, or 4% of its workforce in the first half, its fastest pace in a decade, as its stock hit new records.



Schlumberger CEO Blames U.S. Investors for Stagnant Oil Prices

Fri, 21 Jul 2017 19:04:13 EDT

U.S. investors are driving down the price of oil by shoveling too much money into American shale companies, the chief executive of the world’s largest oil-field service firm said as his company reported quarterly earnings.



Amazon, Whole Foods Look to Head Off Lengthy Deal Review

Fri, 21 Jul 2017 18:06:49 EDT

The ecommerce giant plans to re-file documents next week to give the government more time to complete a quick review of its $13.7 billion acquisition including debt



Siemens and Bombardier in Talks to Form Train Joint Ventures

Sat, 22 Jul 2017 04:13:09 EDT

Siemens and Bombardier are in advanced to talks to combine their train-making businesses, according to people familiar with the matter.



Plaintiffs Seek Vehicle Buybacks From Fiat Chrysler in Emissions Case

Fri, 21 Jul 2017 15:47:15 EDT

Plaintiffs’ lawyers demanded Fiat Chrysler buy back diesel-powered vehicles that allegedly used illegal software to cheat on U.S. emissions tests and leveled accusations that one of the auto maker’s suppliers conspired to play a key role in the suspected deception.



Ford, Mazda Say Some Vehicles' Air Bags Needn't Be Recalled

Fri, 21 Jul 2017 17:20:30 EDT

Two auto makers want to be excluded from an expanded recall of nearly three million Takata Corp. air bags that the Japanese supplier has warned could one day rupture, U.S. traffic safety regulators said.



U.S. Expands Security Checks for International Flights

Fri, 21 Jul 2017 21:35:06 EDT

The U.S. is requiring closer security checks on some inbound international flights, U.S. and European airlines said, amid new concerns about terrorists planning to attack planes.



Cellphone Bills in India Inch Closer to Zero

Sat, 22 Jul 2017 01:34:22 EDT

India’s richest man said his cellular company has developed an inexpensive, web-enabled mobile phone for the masses, a move that could force some of the world’s leading phone makers to slash prices to stay competitive.



Cardinal Health Exploring Options for China Unit

Fri, 21 Jul 2017 12:15:45 EDT

Cardinal Health is exploring a sale of its China distribution operations, marking a potential exit from the region’s fast-growing pharmaceuticals market.



Siemens Cuts Russia Presence After Turbines End Up in Crimea

Fri, 21 Jul 2017 23:19:48 EDT

Siemens announced measures to reduce its presence in Russia, including its exit from joint venture Interautomatika, after four gas turbines delivered by one of the German company’s Russian partners for a power plant project turned up in Russian-occupied Crimea, possibly violating European Union sanctions.



Second Coding Boot Camp Plans to Close as Industry Retrenches

Fri, 21 Jul 2017 14:15:44 EDT

Two high-profile coding boot camps have announced plans to close in as many weeks, signaling a shakeout in the fast-growing market that aims to turn liberal-arts graduates and others into entry-level computer programmers.



Iranian-Born Stanford Professor Was First Woman to Win Math's Fields Medal

Sat, 22 Jul 2017 21:02:26 EDT

Maryam Mirzakhani, a Stanford University professor born in Iran, explored mathematical ideas by doodling on large sheets of paper. She became the first woman to win the Fields Medal, considered the Nobel Prize of mathematics.



David Theno Coached Restaurants on How to Keep Filth Out of the Food

Fri, 21 Jul 2017 10:30:06 EDT

When Jack in the Box had an E. coli crisis, it hired David Theno, who became a food safety guru.



Mexico's Grupo Bimbo to Buy Chicago-Based East Balt Bakeries

Fri, 21 Jul 2017 10:16:18 EDT

Mexico’s Grupo Bimbo agreed to buy Chicago-based East Balt Bakeries in a $650 million deal that will add eight countries to its global reach.



NASA Finds Ways to Prevent Battery Fires

Fri, 21 Jul 2017 23:36:12 EDT

NASA research to prevent catastrophic fires on vehicles in orbit soon is expected to make personal robots, audio gear and other electronics safer on the ground.



Wal-Mart, Amazon Rivalry Spreads to Forklifts

Fri, 21 Jul 2017 15:30:37 EDT

Wal-Mart has agreed to invest in Plug Power Inc. and buy more of its fuel-cell-powered machines, a move that mirrors a deal struck by Amazon earlier this year.



Big Tobacco Finds Surprise Allies in Smokeless Push

Fri, 21 Jul 2017 15:46:32 EDT

Tobacco companies want U.S. regulators to bless smokeless tobacco as a safer alternative to smoking, as cigarette consumption falls. In its campaign, Big Tobacco has unusual supporters: some public-health advocates.



Sears to Sell Kenmore Brand on Amazon

Fri, 21 Jul 2017 19:13:43 EDT

Sears will start selling its Kenmore refrigerators and stoves on Amazon.com, marking the first distribution of its kitchen appliances outside of its own stores.



BP Said to Be Shopping Its North Sea Oil Fields

Thu, 20 Jul 2017 14:32:17 EDT

BP has approached potential buyers of its oil-and-gas production assets in the North Sea, people familiar with the matter said.



AB InBev to Buy Energy-Drinks Maker Hiball

Thu, 20 Jul 2017 12:58:05 EDT

Anheuser-Busch InBev is acquiring Hiball, a San Francisco-based company making organic energy drinks and carbonated juices and water.



Over 100 Report Being Sickened at Virginia Chipotle

Thu, 20 Jul 2017 13:06:16 EDT

Chipotle Mexican Grill reopened the location it temporarily closed this week in Sterling, Va. after learning of a number of customers who complained of getting sick.



Barnes & Noble Education Names New CEO

Thu, 20 Jul 2017 12:43:48 EDT

Barnes & Noble Education said Thursday that Chief Executive Max Roberts intends to retire in September and will be replaced by Michael Huseby.



PayPal, J.P. Morgan in Deal to Expand Mobile Payments

Thu, 20 Jul 2017 12:40:44 EDT

J.P. Morgan Chase and PayPal Holdings, two of the highest-profile companies providing mobile wallets in the U.S., will now be partners as well as competitors under terms of a new deal set to be announced Thursday.



PepsiCo CEO Picks a No. 2, but No 'Heir Apparent'

Fri, 21 Jul 2017 09:28:48 EDT

PepsiCo’s longtime leader Indra Nooyi is promoting one of her lieutenants to serve as the company’s president, filling a No. 2 role that has been vacant for nearly three years and shuffling around her potential successors.



Appeals to the Ego? Lawyers Vie for Growing Number of Rankings

Thu, 20 Jul 2017 14:58:34 EDT

Solicitations for a mushrooming number of attorney awards and rankings are inundating law firms, and consultants have popped up to guide firms through the submissions process.



CSX Warns of 'Bumps in the Road' as It Tightens Rail Schedules

Thu, 20 Jul 2017 10:02:20 EDT

CSX Corp. is telling some shippers to brace for growing pains, including additional days of transit times, as the railway implements Chief Executive Hunter Harrison’s plan to tighten schedules.



Unilever Reassures Investors With Strong Earnings

Thu, 20 Jul 2017 09:54:00 EDT

Unilever reported a sharp rise in first-half profit and forecast better-than-expected margins for the full year, making good for now on its promise to improve its performance after fending off a $143 billion takeover approach from Kraft Heinz.



Spice Maker McCormick Adds French's Mustard to Its Shelf

Thu, 20 Jul 2017 03:25:24 EDT

McCormick said it agreed to acquire Reckitt Benckiser’s food division, whose brands include French’s mustard, for $4.2 billion, the latest in a wave of deal activity in packaged foods.



Volvo, Fueled by China Sales, Stays on Track for Record Year

Thu, 20 Jul 2017 09:06:41 EDT

The Swedish car maker, owned by China’s Geely, says it is on course for record sales in 2017 after logging a 23% net-profit gain in the latest quarter, buoyed by growth in Asia.