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Business



Last Build Date: Sun, 25 Sep 2016 00:31:38 EDT

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



Foreign Jet-Fighter Makers Woo India

Sat, 24 Sep 2016 22:45:57 EDT

India is being offered blueprints to advanced combat aircraft by aerospace companies like Lockheed Martin, Boeing and Saab as New Delhi gets ready to upgrade its aging military jet fleet.



GM to Add More Diesel-Powered Cars

Sat, 24 Sep 2016 05:48:45 EDT

General Motors plans to offer a diesel-engine option on its 2018 model Chevrolet Equinox, a new version of its top-selling small sport-utility vehicle that is being overhauled amid booming demand for SUVs.



Target's Top Online Executive to Leave

Fri, 23 Sep 2016 20:59:19 EDT

Target Corp. said Friday that the head of its website is leaving the company weeks before the busy holiday season.



Veteran Hollywood Executive Steps Down from Paramount Pictures

Fri, 23 Sep 2016 20:28:15 EDT

The vice chairman of Paramount Pictures is leaving the troubled Hollywood studio in the latest shake-up to hit corporate parent Viacom Inc., the executive said in an email.



Takata Didn't Alert Regulators to 2003 Air-Bag Rupture in Switzerland

Fri, 23 Sep 2016 17:58:31 EDT

Japanese automotive supplier Takata Corp. failed to alert U.S. regulators to a 2003 rupture of an air bag in Switzerland, despite second thoughts from an engineer, according to an internal report.



U.S. Judge Concerned With Speed of Hanjin Restructuring

Fri, 23 Sep 2016 17:10:05 EDT

A bankruptcy judge Friday expressed concern that Hanjin Shipping Co.’s efforts to cobble together a restructuring plan may be moving too quickly for U.S. creditors.



21st Century Fox Boosts Pay of Rupert Murdoch, Sons

Fri, 23 Sep 2016 16:31:56 EDT

21st Century Fox Inc. reported higher pay over the past year for Executive Chairman Rupert Murdoch and his sons, Chief Executive James Murdoch and Executive Chairman Lachlan Murdoch, reflecting their new duties, higher bonuses and changes in pension value.



USG Names Jennifer Scanlon CEO-Elect

Fri, 23 Sep 2016 16:42:49 EDT

USG Corp. on Thursday said company veteran Jennifer Scanlon will replace James Metcalf as chief executive this fall.



Coca-Cola Femsa to Buy Brazilian Coke Bottler Vonpar

Fri, 23 Sep 2016 15:21:25 EDT

Coca-Cola Femsa, the largest public bottler of Coca-Cola products in the world by volume, said its Brazilian subsidiary has agreed to acquire Vonpar, one of the largest privately owned bottlers in the country’s Coca-Cola system.



Justice Department Gets More Time to Study Alaska Air, Virgin America Merger

Fri, 23 Sep 2016 14:55:11 EDT

Alaska Air Group Inc. said Friday that it agreed to give the U.S. Justice Department “some additional time” to complete its antitrust review of the carrier’s planned merger with Virgin America Inc.



U.S. Oil-Rig Count Climbs by Two

Fri, 23 Sep 2016 14:20:56 EDT

The number of rigs drilling for oil in the U.S. climbed two in the past week to 418, continuing a trend of increases, according to oil-field services company Baker Hughes Inc.



Merck's Keytruda Finds Fast Entry Into China Via Medical-Tourism Push

Sat, 24 Sep 2016 03:04:33 EDT

Merck’s immunotherapy cancer drug Keytruda is finding its way into China as the first imported drug approved for use under a pilot program on the resort island of Hainan intended to boost medical tourism.



Metro AG Breakup Plan Faces Opposition

Fri, 23 Sep 2016 09:29:37 EDT

Metro AG, one of Europe’s largest retailers, wants to break itself up to boost shareholder value, but the co-owner of a major subsidiary doesn’t like the deal and warns that it would ultimately destroy value.



Petrobras to Sell 90% of Gas Pipeline Unit to Brookfield-Led Consortium

Fri, 23 Sep 2016 07:59:20 EDT

Petrobras agreed to sell a 90% stake of its natural-gas pipeline unit to a consortium led by Brookfield Asset Management for about $5.2 billion, as it works to pay down debt amid low energy prices and a Brazilian recession.



Anglo American Appoints Fortescue's Stephen Pearce as CFO

Fri, 23 Sep 2016 09:52:27 EDT

Anglo American PLC has appointed Stephen Pearce as Chief financial officer and executive board member after René Médori announced in April his decision to retire next year.



Sony Pictures, Dalian Wanda to Market Films in China

Fri, 23 Sep 2016 15:09:53 EDT

Sony Pictures Entertainment is teaming up with Dalian Wanda Group to help market its films in China, a deal that could boost Sony’s box-office returns—and strengthen Wanda’s hand in the movie business.



India Signs $8.7 Billion Deal with Dassault for Rafale Fighter Jets

Fri, 23 Sep 2016 06:54:13 EDT

India has signed a contract to purchase 36 Rafale fighter jets from Dassault Aviation SA for $8.7 billion, the French company’s biggest-ever deal as it tries to outmaneuver its U.S. rivals in the global combat-plane market.



De Beers Bets Big on Canadian Mine

Fri, 23 Sep 2016 23:47:22 EDT

Anglo American’s gemstone business kicks off a $1 billion investment in Canada’s far north, aiming to deliver 4.5 million carats a year even as demand for high-end jewelry loses its luster.



Australian Consortium Bids for Control of Ausgrid

Fri, 23 Sep 2016 03:24:49 EDT

A pair of Australian investors has bid for a controlling interest in the country’s largest electricity network, roughly a month after the government blocked an offer from Hong Kong and China bidders.



Marriott Completes Acquisition of Starwood Hotels & Resorts

Fri, 23 Sep 2016 17:11:10 EDT

Marriott International Inc. has completed its acquisition of Starwood Hotels & Resorts Worldwide Inc., beginning the complex integration process by linking the guest loyalty programs and pledging to keep all 30 brands.



FAA Advisory Body Recommends Cybersecurity Measures

Fri, 23 Sep 2016 09:56:41 EDT

U.S. aviation authorities on Thursday took the strongest formal action yet to combat potential cyber threats to planes in the air as well as on the ground.



Maersk to Split Into Two Separate Units

Thu, 22 Sep 2016 22:05:54 EDT

Danish conglomerate Moeller-Maersk said it is splitting its operations into two separate divisions focused on transport and energy, as it battles the worst shipping downturn in years.



Valvoline IPO Prices at $22 a Share

Thu, 22 Sep 2016 20:15:54 EDT

Valvoline, an engine and automotive-maintenance business being spun off from Ashland, raised at least $660 million in its initial public offering.



Paramount Takes Write-Down for Movie That Isn't Released Yet

Fri, 23 Sep 2016 21:00:31 EDT

“Monster Trucks” won’t hit theaters for four months, but it appears to have already driven Paramount Pictures off course.



U.S. Steelmakers toFile Complaints Over Alleged Chinese Tariff Evasion

Fri, 23 Sep 2016 10:03:52 EDT

Steel producers in the U.S. plan to file complaints with the Commerce Department on Friday and Monday, alleging Chinese steelmakers have been routing metal shipments through Vietnam to avoid U.S. import tariffs.



Former McDonald's Executive to Sacrifice Incentives in Move to Dunkin' Brands

Fri, 23 Sep 2016 09:31:08 EDT

Former McDonald’s executive David Hoffmann may be sacrificing more than $6 million in his move to Dunkin’ Brands Group, showing the high price some may pay for not signing a noncompete agreement.



Houghton Mifflin Harcourt CEO Resigns

Fri, 23 Sep 2016 10:04:39 EDT

Houghton Mifflin Harcourt Co. said Thursday that Chief Executive Linda K. Zecher had resigned after five years on the job and that it had started a search for her replacement.



Novatel Wireless to Sell Mobile-Broadband Unit, Restructure

Thu, 22 Sep 2016 21:16:30 EDT

Novatel Wireless Inc. agreed to sell a business that includes MiFi hotspots and restructure the company, as it continues to move away from being a “hardware-centric” manufacturer toward areas like the internet-of-things.



Discount Cosmetics Firm e.l.f. Soars in Market Debut

Thu, 22 Sep 2016 20:57:37 EDT

E.l.f. Beauty shares surged as much as 59% in their first day of trading on the New York Stock Exchange Thursday, valuing the discount-priced cosmetics company at more than $1 billion.



Comcast, Charter Push Into Wireless Comes With Limits

Thu, 22 Sep 2016 17:23:39 EDT

The cable companies will soon start selling wireless service, but bundling means customers would have to buy either cable television or home internet, too.



Comcast to Buy Remaining Stake in Philadelphia Flyers

Thu, 22 Sep 2016 21:04:22 EDT

Comcast said that it agreed to buy out the remaining 24% stake of the joint venture that owns the Philadelphia Flyers hockey team and the arena in which it plays.



Canadian Auto Union to Negotiate Labor Pact With Fiat Chrysler

Thu, 22 Sep 2016 16:17:42 EDT

The union representing Canada’s auto workers will turn to Fiat Chrysler next to negotiate a new four-year labor contract, aiming to win pay raises and factory investments similar to the ones secured earlier this week in a proposed agreement with General Motors.



Former Sotheby's Chief Returns to Art World

Thu, 22 Sep 2016 15:57:53 EDT

Two years after leaving Sotheby’s, Bill Ruprecht resurfaces on the art circuit at an online venture that uses a modified electronic-trading platform to facilitate bids.



Mexican E-Commerce Company Linio Raises $55 Million

Thu, 22 Sep 2016 15:56:13 EDT

Mexico City-based online retailer Linio raised $55 million from private-equity investors as its seeks to bolster its financial position and step up growth in the Latin American e-commerce market.



SolarCity Aims to Cut Marketing Costs as Competition Heats Up

Thu, 22 Sep 2016 15:05:44 EDT

Cash-strapped SolarCity is trying to cut marketing costs amid competition from smaller upstarts using cheaper sales tactics.



Former Jarden Executives Seek $500 Million for New Venture

Thu, 22 Sep 2016 14:17:05 EDT

Months after closing Jarden’s $15.4 billion merger with Newell Rubbermaid, founder Martin E. Franklin and other former Jarden executives are trying to raise about $500 million in private capital to make an acquisition, according to people familiar with the matter.



EU Failed to Cut Off Illegal Subsidies to Airbus, WTO Rules

Thu, 22 Sep 2016 17:59:37 EDT

The battle over billions of dollars in state subsidies to Airbus and Boeing intensified when the WTO ruled European governments had failed to end unfair funding to Airbus.



Health Diagnostic Laboratory Executives Accused of Fraud

Thu, 22 Sep 2016 13:53:49 EDT

Executives who ran Health Diagnostic Laboratory, a bankrupt Virginia blood-testing lab that health regulators accused of paying kickbacks to doctors, have been sued for allegedly carrying out illegal business practices that plaintiffs say caused the company more than $600 million in damages.



Total Cuts Investments, Costs Further to Lift Profitability

Thu, 22 Sep 2016 13:27:42 EDT

French oil major Total SA on Thursday said it would further cut investment and costs on its operations to retain profitability as it continues to counter the oil-price collapse.



Lennar to Buy WCI Communities as Florida Recovery Continues

Thu, 22 Sep 2016 10:39:58 EDT

Lennar will buy WCI Communities in a move that combines two of the largest home builders in Florida.



Cisco, Salesforce Announce Cloud Integration

Thu, 22 Sep 2016 10:15:08 EDT

Cisco Systems and Salesforce.com said they would jointly develop and market products that use each other’s offerings, as both companies work to build their cloud businesses in an increasingly competitive field.



Iraq Would Back Oil-Freeze Deal to Prop Up Prices

Thu, 22 Sep 2016 06:51:11 EDT

Iraq would support a decision by members of the Organization of the Petroleum Exporting Countries to limit oil output to prop up petroleum prices when they meet in Algeria next week.



Former McDonald's Executive Moves to Dunkin' Donuts

Thu, 22 Sep 2016 09:57:17 EDT

David Hoffmann, a 22-year McDonald’s Corp. veteran, has been appointed president of Dunkin’ Donuts U.S. and Canada after resigning abruptly from the burger giant last week.