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US Business

Last Build Date: Wed, 24 May 2017 19:00:22 EDT

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

Ford's Exiting CEO to Get Part of Bonus, Promised Stock Awards

Wed, 24 May 2017 16:56:29 EDT

Ford will pay outgoing Chief Executive Mark Fields a sizable portion of a promised bonus for 2017, all of the promised stock awards for the year and temporary use of company aircraft as part of an exit package outlined Wednesday.image

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GE Chief Adds Some Caution to 2018 Profit Goal

Wed, 24 May 2017 14:01:34 EDT

Jeff Immelt, General Electric Co.’s chief, said the conglomerate would likely need additional cost cuts to reach a closely watched 2018 profit target, given current struggles in global oil and gas markets. image

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Cerberus, American Eagle Work on Abercrombie Bid

Wed, 24 May 2017 13:40:00 EDT

Private-equity firm Cerberus Capital is working on a bid for teen-apparel retailer Abercrombie & Fitch alongside American Eagle, which could give American Eagle a leg up in the pursuit of its struggling rival. image

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J.Crew's Mickey Drexler Confesses: I Underestimated How Tech Would Upend Retail

Wed, 24 May 2017 18:07:53 EDT

The retail legend didn’t understand how speed and price would drive internet shoppers. After 10 quarters of falling sales, the brand wants to create a more accessible image and add digital marketing.image

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Why Earnings Have Investors Feeling So Happy

Wed, 24 May 2017 16:31:32 EDT

Earnings at U.S. companies grew at the fastest pace in the first quarter in nearly six years, the latest boon to a bull market that has stretched into its ninth year.image

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Fed Minutes Signal Officials Ready to Raise Rates Again Soon

Wed, 24 May 2017 17:53:42 EDT

Federal Reserve officials expected at their meeting this month that it would “soon be appropriate” to raise rates, according to minutes of the gathering, a signal the central bank could lift its benchmark rate in June.image

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Mnuchin Wants Debt-Limit Increase With No Conditions

Wed, 24 May 2017 18:15:07 EDT

Trump administration officials, testifying on Capitol Hill Wednesday on their 10-year budget plans, pointed to a more pressing fiscal problem: They could run out of room to pay the government’s bills within the next few months.image

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Trump's Nationalism Veers Right While May's Shifts to Center

Wed, 24 May 2017 17:51:59 EDT

The conservative parties in the U.S. and U.K., buoyed by a nationalist push against immigration and trade, face a once-in-a-generation choice: shift toward small-government conservatism, or reach across traditional divides by appealing to workers? Trump and May appear to have chosen differently.image

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World Trade Flows Suggest Strong Economic Growth This Year

Wed, 24 May 2017 13:58:44 EDT

World trade flows grew in the first quarter, continuing a recovery that began in the second half of last year in an indication that the global economy may be set to enjoy a year of stronger growth.image

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Former VW Compliance Executive Awaiting Trial to Remain in Prison

Wed, 24 May 2017 18:53:59 EDT

The Sixth U.S. Circuit Court of Appeals in Cincinnati on Wednesday affirmed a district judge’s order keeping Oliver Schmidt behind bars in Michigan amid concerns he would flee the country if released on a $1.6 million bond. image

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Another Insurer Leaves Missouri's Affordable Care Act Exchange

Wed, 24 May 2017 14:46:47 EDT

Blue Cross and Blue Shield of Kansas City says it lost more than $100 million through 2016 offering exchange insurance plans image

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How American Shale Drillers Flipped OPEC's Script

Wed, 24 May 2017 18:32:59 EDT

When OPEC agreed to curtail production to bolster crude prices, it was betting U.S. shale drillers would be too weak to fill the void. But with Wall Street behind them, American producers have put the cartel on its heels. image

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Bipartisan Pushback Greets Trump's Proposed Budget

Wed, 24 May 2017 15:31:47 EDT

President Donald Trump’s proposed $4.1 trillion spending blueprint amounts to a sweeping overhaul of the social safety net while projecting a big boost to economic growth that could be difficult to achieve.image

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Donald Trump's Balanced Budget Goal Rests on Questionable Assumptions

Wed, 24 May 2017 15:35:11 EDT

President Donald Trump’s budget—which projects a balanced budget within 10 years—relies on accounting that is hard to add up.image

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Trump's 3% Growth Target Looks Out of Reach

Tue, 23 May 2017 16:48:53 EDT

The president’s first budget sets a worthy objective of sustained 3% economic growth, but offers no rigorous plan to back it up, writes Greg Ip. image

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In Modern Cyber War, the Spies Can Become Targets, Too

Wed, 24 May 2017 14:08:16 EDT

Over the past eight months, a mysterious hacking group released what it says are National Security Agency computer-espionage secrets. Former intelligence officials now fear the hackers are taking a new tack: exposing the identities of the NSA computer-hacking team. image

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Investor Loeb to Seek Changes to Dow-DuPont Post-Merger Plan

Wed, 24 May 2017 17:10:12 EDT

Activist investor Dan Loeb plans to publicly push for changes to the complicated combination and breakup of Dow Chemical and DuPont, according to a presentation reviewed by The Wall Street Journal. image

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