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Business



Last Build Date: Sat, 24 Jun 2017 00:33:52 EDT

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U.S. Probes SeaWorld over Executives' Comments on Documentary

Fri, 23 Jun 2017 19:27:05 EDT

SeaWorld Entertainment Inc. said it received subpoenas from the government related to trading in its securities and statements made by its executives, including those discussing the impact of “Blackfish,” a critical documentary that sent ripples through the company.



Anthem Agrees to $115 Million Settlement Over Data Breach

Fri, 23 Jun 2017 17:16:16 EDT

Anthem Inc. has agreed to pay $115 million to settle a class-action lawsuit filed after a 2015 cyberattack exposed personal information of more than 78 million people, the company said Friday.



Takata Plans Bankruptcy Filing As Soon As Sunday

Fri, 23 Jun 2017 16:55:18 EDT

Takata Corp., the supplier of rupture-prone air bags linked to numerous deaths and injuries, is preparing to seek bankruptcy protection as soon as Sunday with a tentative deal to sell operations to a rival.



Delta Plans to Expand Reach in Asia With Korean Air Partnership

Fri, 23 Jun 2017 16:36:52 EDT

Delta Air Lines said it will create a trans-Pacific joint venture with Korean Air Lines, as the U.S. carrier rapidly builds out its international route network.



American Airlines Bid Puts Qatar Airways' Chief in New Role: Raider

Fri, 23 Jun 2017 16:36:00 EDT

Akbar Al Baker, the Qatar carrier’s sometimes abrasive CEO, isn’t backing down from his bid for a stake in American Airlines despite opposition from the target’s chief, its pilots and unions.



Glencore Raises Offer for Rio Tinto's Australian Coal Assets

Fri, 23 Jun 2017 13:20:55 EDT

Glencore said it has submitted a sweetened all-cash offer of $2.68 billion for Rio Tinto’s Australian coal assets, days after its previous attempt to scotch an acquisition from a Chinese suitor was rejected.



Harley-Davidson Discussing Purchase of Ducati From VW

Fri, 23 Jun 2017 14:40:57 EDT

Harley-Davidson is in talks to buy Ducati Motor Holding from Germany’s Volkswagen in a deal that could bring together two of the most storied motorcycle names and pave the way for further divestments by the German car maker.



Samsung Makes Play for Drug Market With Version of Blockbuster Humira

Fri, 23 Jun 2017 14:25:00 EDT

A Samsung group arm is on track to win European regulatory approval for a near-replica version of the world’s top-selling drug, rheumatoid-arthritis treatment Humira.



Drug Companies Seek to Raise Awareness of Liver Ailment

Fri, 23 Jun 2017 07:00:06 EDT

Drugmakers pursuing treatments for the liver ailment NASH are struggling with a fundamental problem: How do you sell a drug for a silent disease?



Big Pharma Plays It Safe on Senate Health Bill

Fri, 23 Jun 2017 11:12:15 EDT

The branded-drug industry, which was pilloried by conservatives for supporting former President Barack Obama’s health-care overhaul, is playing it safe as Republicans move to undo the measure.



American Airlines CEO 'Not Happy' About Qatar Plan to Buy 10% Stake

Fri, 23 Jun 2017 10:26:47 EDT

Qatar Airways said it intends to buy a significant stake in American Airlines Group—a brash approach by the state-owned carrier that American Chief Executive Doug Parker called “puzzling and strange.”



FCC Fines Man $120 Million for His 100 Million Robocalls

Thu, 22 Jun 2017 18:30:11 EDT

The Federal Communications Commission proposed an “unprecedented” fine against Adrian Abramovich, a Miami man who the agency said was responsible for making almost 100 million falsified robocalls in late 2016 in violation of telecommunications laws.



Hain Celestial Releases Earnings Ahead of Delisting Deadline

Thu, 22 Jun 2017 17:58:07 EDT

Hain Celestial completed its accounting review, and the organic-food company released several earnings reports after failing to file regular reports for more than a year.



Mylan Elects Full Board Despite Oppostion

Fri, 23 Jun 2017 15:27:53 EDT

Mylan’s board nominees were elected in full at the pharmaceutical company’s annual meeting Thursday despite pressure from a group of institutional investors unhappy over high executive pay.



Legal Actions Could Complicate JBS's Efforts to Raise Money

Thu, 22 Jun 2017 14:19:30 EDT

Brazilian meatpacker JBS’s plans to raise money were thrown into doubt after a court suspended the sale of operations in neighboring countries and the attorney general filed a motion to freeze assets belonging to the company and its top executives.



Qatar Airways Proposed Investment in American Airlines Came Out of Blue

Thu, 22 Jun 2017 15:52:23 EDT

Doug Parker, chief executive of American Airlines Group, said he was at an airline trade association meeting when his counterpart at Qatar Airways outlined his interest in taking a 10% stake in the U.S. airline.



Sears Canada Enters Bankruptcy Protection

Thu, 22 Jun 2017 12:50:50 EDT

Sears Canada has entered bankruptcy protection in Canada, and will close 59 locations and cut nearly 3,000 positions, the company said.



Aviation Industry Seeks to Strengthen Cybersecurity Defenses

Thu, 22 Jun 2017 12:40:39 EDT

Escalating concerns about cyberthreats are prompting the aviation industry to devise an unlikely new safeguard: real-time warnings to pilots about potential hacking attempts.



Boeing Outsells Rivals at Paris Air Show

Fri, 23 Jun 2017 15:27:50 EDT

Boeing beat Airbus in the annual jetliner-orders bonanza at the Paris Air Show, but both came out winners in one crucial way: Demand for both plane makers’ most popular single-aisle jets remains buoyant.



EPA Releases Chemical Testing Rules

Thu, 22 Jun 2017 17:22:04 EDT

The Environmental Protection Agency released rules enabling the agency to prioritize the testing of certain chemicals used in consumer goods and other products while forgoing the testing of others, overturning more sweeping Obama-era procedures that the chemicals industry deemed overly burdensome.



Nike to Sell Some Items Directly to Amazon

Wed, 21 Jun 2017 18:17:08 EDT

Nike has agreed to sell some of its products directly to Amazon.com Inc., a person familiar with the matter said, a concession by the sneaker giant that it can no longer afford to ignore the online retailing behemoth.



Mississippi Regulators Seek to End Southern Co.'Clean-Coal'Plant

Thu, 22 Jun 2017 11:14:06 EDT

State officials want Southern Co.’s Kemper facility, which has already taken $7.5 billion and seven years to finish, to run using natural gas going forward, and don’t want to pass on additional costs to electricity customers.



Diageo to Buy George Clooney's Tequila Brand

Fri, 23 Jun 2017 14:12:36 EDT

Diageo has agreed to buy upscale tequila brand Casamigos as part of a larger push by the spirits giant to increase its exposure to the fast growing tequila market.



Magazine Publisher Rodale Explores Sale

Wed, 21 Jun 2017 18:08:20 EDT

Family-owned magazine publisher Rodale Inc. said Wednesday it is considering a sale of the company or its properties among other options as part of a strategic review.



White House Backs Nuclear Plant Tax-Credit Extension

Wed, 21 Jun 2017 18:21:52 EDT

The White House endorsed a proposal to extend a tax-credit window for a half-finished Georgia nuclear plant caught up in the bankruptcy of Toshiba Corp.’s nuclear construction subsidiary, Westinghouse Electric.



Lawmaker Plans Bill to Spin Off Air-Traffic Control from FAA

Wed, 21 Jun 2017 14:22:14 EDT

A leading House lawmaker said he would introduce a bill to take management of U.S. airspace away from the Federal Aviation Administration.



J&J Seeking Dismissal of Talc Lawsuits in Missouri

Wed, 21 Jun 2017 18:22:09 EDT

Johnson & Johnson is asking judges in St. Louis to throw out personal-injury lawsuits over its talcum powder in a sign of the impact of this week’s Supreme Court’s ruling limiting where suits could be filed.



Theranos, Walgreens Reach Deal to Settle Lawsuit

Wed, 21 Jun 2017 13:03:45 EDT

A seven-year relationship between blood-testing firm Theranos and Walgreens that soured into a costly feud for the drugstore giant will soon come to a close.



Emirates Sees Rebound in Wake of Laptop Ban

Wed, 21 Jun 2017 11:45:26 EDT

Emirates Airline sees a recovery in U.S. demand after Washington imposed a ban on use of electronics on some inbound flights and on Wednesday, a senior executive expressed optimism it could be lifted.



Etsy Cuts Another 15% of Workforce

Wed, 21 Jun 2017 11:01:18 EDT

Online marketplace Etsy announced another round of layoffs, outlining plans to slash its headcount in an attempt to rein in spending.



Media Startups Try a Lower-Cost Model: Unpaid Student Writers

Thu, 22 Jun 2017 07:03:13 EDT

Chapter-based, for-profit media companies have been popping up in college markets across the U.S. As more traditional outlets struggle, these student-based sites have a lower-cost model to produce content—and revenue.



At Paris Air Show, GE Takes Role of American Upstart

Wed, 21 Jun 2017 18:26:45 EDT

One of the biggest European players at this year’s Paris Air Show isn’t a European company at all—it’s General Electric.



NBC May Fete Olympic Advertisers in Jackson Hole, Wyo. Instead of South Korea

Tue, 20 Jun 2017 19:51:47 EDT

NBCUniversal’s head of ad sales, Linda Yaccarino, said the network is exploring sending ad buyers and clients to Jackson Hole, Wyo. or another location instead of South Korea, because of clients’ potential security concerns.



Whirlpool CEO Jeff Fettig to Step Down in October

Wed, 21 Jun 2017 12:28:52 EDT

The chief executive of Whirlpool Corp., Jeff Fettig, will step down in October after holding the position for 13 years, the company said Tuesday.



Amazon's New Wardrobe Service Is Latest Threat for Apparel Stores

Tue, 20 Jun 2017 17:57:51 EDT

Amazon.com is giving shoppers another reason not to visit stores. The online giant is rolling out a free service to let its Prime members try on clothes at home, its latest attempt to crack into the fashion world.



Mattel's Ken Doll Gets a Makeover

Tue, 20 Jun 2017 21:39:49 EDT

A year after Mattel added new body types of its iconic Barbie doll, her longtime companion, Ken, is getting his own makeover. Ken will now come in slim and ‘broad’ body types, as well as his normally chiseled physique.



Cosco Nears $4 Billion Takeover of Orient Overseas

Tue, 20 Jun 2017 14:32:52 EDT

Chinese conglomerate Cosco is in advanced discussions to acquire smaller shipping rival Orient Overseas for at least $4 billion in a deal that could be reached as early as July.



Brazil's JBS to Sell $1.8 Billion in Assets Following Corruption Settlement

Tue, 20 Jun 2017 12:49:00 EDT

Brazil’s JBS, the world’s largest meatpacker, said it aims to sell $1.8 billion in assets in a bid to shore up cash following a corruption settlement signed last month.



Defense Companies Finding More Business in Europe

Tue, 20 Jun 2017 11:04:17 EDT

Europe’s defense market is suddenly hot. Russia’s military operations along European borders is driving countries such as Germany, France and Sweden to boost military spending.



How to Survive the Retail Crisis: A Master Class from T.J. Maxx

Wed, 21 Jun 2017 04:49:37 EDT

Betting shoppers still like stores, owner TJX Cos. has more sales than Nordstrom and Penney combined. It is plowing investment into physical locations that create a treasure-hunt atmosphere with rapid stock turnover.



Boeing Sees More Than $6 Trillion in Plane Deliveries

Tue, 20 Jun 2017 16:22:07 EDT

Boeing has lifted its 20-year forecast for plane deliveries to 41,030 jetliners with a value for the first time topping $6 trillion at list prices.



Rio Tinto Rejects Glencore's $2.5 Billion Offer in Favor of Yancoal

Tue, 20 Jun 2017 10:38:57 EDT

Rio Tinto rebuffed a $2.5 billion offer by Glencore for its Australian coal assets and recommended that shareholders approve a previous bid by a Chinese company.



Frackers Collide With Traditional Oil Drillers

Tue, 20 Jun 2017 11:33:21 EDT

Supersized new oil wells are sometimes running into existing wells, a little-noticed consequence of the shale boom that has started to trigger lawsuits.



3-D-Printed Airliner Parts? Not so Fast, FAA Says

Tue, 20 Jun 2017 07:45:52 EDT

Aerospace suppliers are eager to start using 3-D printing technology to turn out large, high-volume structural parts for jetliners, but U.S. safety regulators are taking a go-slow approach toward approving such production.