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WSJ.com: Business



Business



Last Build Date: Sun, 11 Dec 2016 00:40:43 EST

Copyright: copyright © 2016 Dow Jones & Company, Inc.
 



Poultry Producers Face Scrutiny Over Chicken Price Index

Sat, 10 Dec 2016 08:56:09 EST

Chicken-companies will get another chance in coming days to smooth investors’ ruffled feathers over questions about poultry pricing that have pressured share prices.



For Vodafone, Being No. 2 Could Be Best

Sat, 10 Dec 2016 07:00:07 EST

U.K.-based Vodafone, the world’s second-biggest mobile carrier by subscribers, aims to be one of two ‘premium’ players—it doesn’t matter which—in each of its 26 countries.



21st Century Fox in Talks to Buy Rest of U.K.'s Sky for $14 Billion

Sat, 10 Dec 2016 10:25:21 EST

21st Century Fox is in late-stage discussions to buy all of Sky PLC, the U.K.’s market-leading pay-TV provider, in a $14 billion deal, as Fox moves to consolidate its holdings.



Commerce Department to Continue Imposing Duties on Samsung, LG Washing Machines

Fri, 09 Dec 2016 18:16:08 EST

The U.S. Department of Commerce on Friday said it would continue imposing duties on washing machines built in China by Samsung Electronics Co. and LG Electronics.



Coke CEO Muhtar Kent to Step Down

Sat, 10 Dec 2016 08:06:46 EST

Coca-Cola said Friday that Muhtar Kent would resign from his role as chief executive in May 2017, to be succeeded by James Quincey, the beverage company’s president and operating chief.



U.S. Regulators Step Up Pace of Takata Air Bag Recall

Fri, 09 Dec 2016 18:14:24 EST

U.S. highway safety regulators increased pressure on auto makers to address millions of rupture-prone Takata Corp. air bags, setting new deadlines for recalling and repairing devices linked to numerous deaths and injuries.



Ubisoft Executives Fined for Insider Trading

Fri, 09 Dec 2016 17:46:43 EST

Five executives at video game company Ubisoft have been fined a total of $1.4 million by the French stock market regulator for insider trading.



Orange Considering Stake in Vivendi's Canal Plus

Fri, 09 Dec 2016 14:17:56 EST

Orange, a major French telecoms company, has held talks about investing in Vivendi’s pay-TV unit Canal Plus, according to people familiar with the matter.



How a British Engineer Became Coke's Next CEO

Sat, 10 Dec 2016 00:24:45 EST

James Quincey, once a student of semiconductors, helped Coke gain market share overseas with small packages and smoothies.



GE Boosts Dividend 4.3%

Fri, 09 Dec 2016 13:00:09 EST

General Electric said Friday that it increased its quarterly dividend by 4.3%, or a penny per share, to 24 cents, its first increase since December 2014.



Generator Hostels for Sale in Deal Expected to Bring Up to $500M

Fri, 09 Dec 2016 12:47:55 EST

The owner of Generator Hostels, a London-based operator of upscale youth hostels, is preparing a sale of the company that is expected to bring up to $500 million, according to people familiar with the matter.



Michael Jordan Scores China Win

Fri, 09 Dec 2016 11:49:52 EST

NBA great Michael Jordan has claimed a victory in China, with the nation’s high court ruling that a Chinese sportswear company can’t sell merchandise using his name in Chinese characters.



South Africa's Sibanye Gold to Buy Stillwater Mining for $2.2 Billion

Fri, 09 Dec 2016 11:25:06 EST

South Africa’s Sibanye Gold plans to buy U.S. palladium and platinum miner Stillwater Mining for $2.2 billion, the company’s first foray outside of Southern Africa and latest move to diversify beyond gold mining.



Getting 50-Somethings to Pay for Streaming Music

Fri, 09 Dec 2016 10:07:38 EST

Hooking older consumers on paid streaming is important for the music industry, which is counting on revenue from subscription streaming services to replace declining CD and download sales. Music Aficionado, launched in January, is one site trying to promote streaming to the senior crowd.



Vail Earnings Hurt by Warm November

Fri, 09 Dec 2016 08:13:59 EST

Vail Resorts Inc. said unseasonably warm weather in November had damped early results, causing them to be below company and Wall Street expectations.



PPG to Restructure to Reduce Costs

Fri, 09 Dec 2016 07:59:18 EST

Paint maker PPG Industries, plagued recently by slow demand, said Friday it will move forward with a restructuring plan that aims to save $120 million to $130 million a year.



Hyundai Merchant No Longer Considered for 2M Alliance, Maersk Says

Fri, 09 Dec 2016 01:49:29 EST

Maersk Line, the senior member of the world’s largest container-shipping alliance, Thursday said it is no longer considering Hyundai Merchant Marine for membership in the group, dealing a major blow to the troubled Korean shipping company.



Glencore Cements Russian Connections With Rosneft Deal

Thu, 08 Dec 2016 22:59:15 EST

Glencore’s move to take a stake in Russian oil producer Rosneft appears to be a victory for the Swiss commodity trader in a market it once dominated.



U.S. Regulators May Allow Phone Calls During Flights

Fri, 09 Dec 2016 13:31:50 EST

Federal regulators are considering allowing airline passengers in coming years to routinely make phone calls during flights—so long as travelers are warned in advance about potential midair distractions.



Gemalto to Buy 3M's Identity-Management Business

Thu, 08 Dec 2016 20:36:54 EST

Digital security firm Gemalto NV has agreed to buy 3M Co.’s identity-management business for $850 million, 3M said Thursday.



Buyout Firm Stone Canyon in Talks to Buy Mauser Group

Thu, 08 Dec 2016 18:11:26 EST

An investment firm with ties to junk-bond pioneer Michael Milken is nearing a deal to buy industrial-packaging company Mauser Group for more than $2 billion.



Howard Buffett Won't Seek Re-Election to Coca-Cola's Board

Thu, 08 Dec 2016 16:35:32 EST

Coca-Cola Co. director Howard G. Buffett, the oldest son of billionaire investor Warren Buffett, won’t seek re-election in April, the company said Thursday.



BlackBerry Announces Upgrade to Mobile-Security Software

Fri, 09 Dec 2016 06:49:40 EST

BlackBerry Ltd. announced Thursday an upgrade of its mobile-security software in its latest move to win more business from its traditional government and business customer base.



Time Inc. Hires Banks to Help Field Takeover or Partnership Interest

Fri, 09 Dec 2016 01:29:44 EST

Time Inc. hired banks to help field takeover or partnership interest after the country’s largest magazine publisher received overtures from a group of media investors including Edgar Bronfman Jr.



Companies on Climate: Trump or No, Still Cutting Emissions

Thu, 08 Dec 2016 21:50:59 EST

Many big corporations continue to back efforts to cut carbon emissions, vowing to stay the course despite the election of Donald Trump, who has promised to dismantle President Obama’s climate agenda.



OPECDeal Raises Hopes But Not Valuations for Troubled Oil Producers

Thu, 08 Dec 2016 13:03:51 EST

OPEC’s deal to cut oil production isn’t likely to save investors in troubled U.S. producers from seeing their stakes vanish in chapter 11, according to restructuring experts.



Petrobras Reaffirms Asset Sale Goal

Thu, 08 Dec 2016 11:32:54 EST

Brazilian state-run oil company Petróleo Brasileiro reiterated its goal of selling more than $4 billion in assets by the end of the year, despite court rulings challenging its divestment program this week.



Universal Health Denies Report of Filling Beds Solely for Financial Gain

Thu, 08 Dec 2016 11:34:42 EST

Hospital company Universal Health Services Inc. on Thursday denied conclusions in a recent news report that it exaggerated patient symptoms and filled beds solely for financial gain.



Sovereign-Wealth Funds, Macquarie Buy Stake in U.K. Gas Business

Thu, 08 Dec 2016 20:23:42 EST

A consortium led by Macquarie and including sovereign-wealth funds from China and Qatar agreed to buy a stake in National Grid’s U.K. gas-distribution business for about $4.56 billion.



McDonald's to Move Non-U.S. Tax Base to the UK

Thu, 08 Dec 2016 11:36:48 EST

McDonald’s said a large portion of its non-U.S. income would be taxed in the U.K., following a restructuring that shifts operations away from Luxembourg.



Chinese Takeover of Aixtron Collapses After U.S. Ban

Thu, 08 Dec 2016 20:30:49 EST

A Chinese takeover bid for Aixtron of Germany collapsed, a week after President Barack Obama blocked the deal on national-security grounds, according to a statement from the suitor.



Endo Sells Back Rights for Opioid Painkiller

Thu, 08 Dec 2016 09:51:52 EST

Endo International said it had sold back the rights to an opioid pain drug to BioDelivery Sciences International as the market for opioid-based painkillers has come under fire.



Horizon Pharma Shares Plunge on Failed Late-Stage Study

Thu, 08 Dec 2016 11:39:52 EST

Horizon Pharma shares slid 20% after a late-stage study for a genetic disease treatment broadly failed testing.



Entergy Plans to Close Michigan Nuclear Plant in 2018

Thu, 08 Dec 2016 10:02:42 EST

Entergy said it intends to close the Palisades Nuclear Power Plant in Michigan in October of 2018, part of the company’s efforts to reduce its merchant power fleet amid low prices in the wholesale market.



Lego CEO Sees Potential for Brand in Digital Products

Thu, 08 Dec 2016 11:24:28 EST

Lego’s top boss says in his new role he would like to expand Lego into uncharted business territory, while also avoiding putting the brand name in the wrong places.



Brazil's Oi Talks to Cerberus Capital About Possible Deal

Thu, 08 Dec 2016 06:33:42 EST

Troubled Brazilian telecom operator Oi said it is in talks with U.S.-based Cerberus Capital Management over “opportunities” for a deal between the two firms.



German Firms Place New Bets on Russia

Thu, 08 Dec 2016 09:16:23 EST

German companies are quietly boosting investments in Russia even as Western leaders are warning Moscow about new sanctions for its behavior in Syria.



Airline Profits to Reach Record Heights Before 2017 Descent

Thu, 08 Dec 2016 19:38:23 EST

The financial outlook for airlines is deteriorating with collective industry profit set to peak this year as the industry’s leading trade group downgrades its financial outlook.



AT&T Faces Heat Over Time Warner Deal

Thu, 08 Dec 2016 00:16:55 EST

The CEOs of AT&T and Time Warner defended their proposed $85 billion merger to lawmakers, trying to navigate a tricky political landscape in which President-elect Donald Trump has expressed hostility to the deal.



Number of 2016 Holiday Fliers on U.S. Airlines Expected to Rise 3.5%

Thu, 08 Dec 2016 00:01:15 EST

About 45.2 million passengers are expected to fly globally on U.S. airlines during the 21-day holiday period from Dec. 16 through Jan. 5, up 3.5% from the same period in 2015, according to the leading airline trade group.



Hearst to Launch The Pioneer Woman Magazine

Thu, 08 Dec 2016 00:00:07 EST

Ree Drummond, the food blogger who has translated her life on a ranch in Pawhuska, Okla. into a mini-empire of books, housewares products and a Food Network cooking show, is hitting the newsstands next year.



Alaska Air to Settle Consumer Lawsuit Opposing Merger

Wed, 07 Dec 2016 22:04:47 EST

Alaska Air Group said it agreed to settle a lawsuit filed by private plaintiffs that opposed its merger with Virgin America Inc. on antitrust grounds, removing the last big obstacle in the way of its planned deal.



Hyundai Merchant, Mediterranean Shipping Favorites to Buy Long Beach Terminal

Wed, 07 Dec 2016 21:20:17 EST

Hyundai Merchant Marine Co. and Mediterranean Shipping Co. are in pole position to buy Long Beach’s biggest container terminal, say people familiar with the matter, in a joint bid that may bolster the Korean operator’s effort to join a major shipping alliance.



Dow Jones Says It Didn't Find Pay Bias

Thu, 08 Dec 2016 09:50:19 EST

A review of pay equity at Dow Jones & Co., parent of The Wall Street Journal, found that employee salaries didn’t vary based on gender or ethnicity, the company said Wednesday.



Russia Sells Stake in Oil Giant Rosneft to Glencore, Qatar

Thu, 08 Dec 2016 02:33:14 EST

Russia said it sold a 19.5% stake in oil giant Rosneft to a consortium formed by Glencore and Qatar in a deal valued at some €10.5 billion. However, there appeared to be some differences between the Kremlin account of the deal’s terms and Glencore’s description.



Bumble Bee Foods Executive to Plead Guilty to Fixing Canned Tuna Prices

Wed, 07 Dec 2016 17:38:20 EST

A Bumble Bee Foods executive has agreed to plead guilty to fixing prices on canned tuna, the first criminal charges in an ongoing Justice Department probe in the packaged seafood industry.



Koch Industries Criticizes Key Feature of House GOP Tax Plan

Wed, 07 Dec 2016 17:17:30 EST

Koch Industries Inc., the conglomerate run by two billionaire brothers active in Republican politics, says a key feature of House Republicans’ tax plan could be “devastating” to American consumers and the economy.