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US Business

Last Build Date: Fri, 02 Dec 2016 23:07:05 EST

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

Zenefits CEO David Sacks Is Expected to Step Down

Fri, 02 Dec 2016 23:06:02 EST

David Sacks is expected to relinquish his role as chief executive of Zenefits less than a year after taking over the troubled health-benefits software maker, people familiar with the matter said. image

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CEO Says Ford Still Moving Small-Car Output to Mexico

Fri, 02 Dec 2016 17:53:07 EST

Ford Motor will shift small-car production to Mexico despite repeated criticism from President-elect Donald Trump and a pledge from the incoming American leader that companies will face “consequences” for leaving the U.S. image

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FCC Raises New Concerns Over 'Zero-Rating' by AT&T, Verizon

Fri, 02 Dec 2016 16:38:48 EST

The Federal Communications Commission warned AT&T and Verizon that the practice of excluding certain video services from data charges could harm competition. image

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Huawei's 'Hungry Wolves' Face a Future Without Hard-Charging Founder

Fri, 02 Dec 2016 19:11:56 EST

Huawei founder Ren Zhengfei’s boot-camp style helped vault the smartphone maker to the world’s No. 3. But as the 72-year-old steps back from daily operations, questions loom over succession and strategy. image

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Obama Blocks Chinese Bid for Technology Firm Aixtron

Fri, 02 Dec 2016 20:45:37 EST

President Barack Obama on Friday took the rare step of forbidding a foreign company from buying a firm with U.S. assets, telling a Chinese investment fund that it cannot complete a deal for German technology company Aixtron SE. image

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Jobless Rate Hits Lowest Level Since Before Recession

Fri, 02 Dec 2016 20:44:21 EST

U.S. employers hired at a steady clip in November while the unemployment rate fell to 4.6%, the lowest level in nine years—signs of enduring labor-market growth that will likely leave Fed officials on track to raise rates this month.image

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For-Profit Colleges Look to Trump for a Pass

Fri, 02 Dec 2016 09:54:27 EST

For-profit colleges are looking to the incoming Trump administration for a rollback of tough regulations that threatened to lead to the closure of hundreds of schools and that drove their stock-market valuations down.image

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U.S. to Forgive at Least $108 Billion in Student Debt in Coming Years

Fri, 02 Dec 2016 13:57:27 EST

The federal government is on track to forgive at least $108 billion in U.S. student debt in coming years, according to a GAO report that shows the Obama administration’s approach is proving costly. image

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United Tech CEO's Pilgrimage to Trump Tower Ends in Deal

Fri, 02 Dec 2016 11:54:09 EST

Greg Hayes’ pilgrimage to Trump Tower ended roughly two weeks of intensive talks between representatives of Vice President-elect Pence and United Technologies. Under the deal, the company will get $7 million over 10 years to keep jobs in Indiana.image

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Tax Rules on Corporate Inversions Face Uncertain Future

Fri, 02 Dec 2016 11:41:24 EST

The Treasury Department spent nearly three years reshaping international corporate transactions and deterring inversions. Now, all that work, capped with a crucial set of final rules in October, could come undone.image

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Gawker Changes Tune on Decision to Publish Hogan Tape

Fri, 02 Dec 2016 16:15:39 EST

Gawker Media, which has long defended its right to publish a video that showed wrestler Hulk Hogan having sex, is now blaming the ensuing legal battle on a former editor. image

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Bell Tolls for London's Whitechapel Foundry

Fri, 02 Dec 2016 11:57:38 EST

The British foundry that made the Liberty Bell, London’s Big Ben and the clock bells for the city’s St. Paul’s Cathedral is closing its doors, saying deteriorating business conditions have taken their toll.image

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The Really Rich Got Richer, According to IRS's Top 400

Fri, 02 Dec 2016 11:30:56 EST

The total income reported on the top 400 individual tax returns rose 20% in 2014, according to Internal Revenue Service data released Thursday. image

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U.S. Health Spending Rose Faster Than Expected in 2015

Fri, 02 Dec 2016 14:55:30 EST

U.S. health spending grew faster than expected in 2015 as consumers recovered from the economic downturn and the Affordable Care Act’s coverage provisions took hold, according to federal statistics released Friday. image

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Jay Forrester Sought to Rethink Corporate Management

Fri, 02 Dec 2016 10:52:03 EST

Jay Forrester, a pioneer in computer design, switched careers in his late 30s, turning his attention to studying how corporations were managed. He hoped to redesign companies with his “system dynamics.” Prof. Forrester died Nov. 16 at 98.image

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Erich Bloch Helped Pioneer IBM's Most Successful Computer

Fri, 02 Dec 2016 12:13:39 EST

Erich Bloch fled Nazi Germany as an orphaned teenager and went on to become a pioneer of high-performance computing, leaving indelible marks at IBM and the National Science Foundation. Mr. Bloch died Nov. 25 at 91. image

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High School Dropout Rose From Factory Floor to CEO of Dana

Fri, 02 Dec 2016 10:00:05 EST

Gerald Mitchell was known for brusque corporate style and urging workers to “talk back.” He died Nov. 17 at his home in St. Augustine, Fla., at the age of 89.image

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