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 NEWS: WALL STREET JOURNAL US BUSINESS
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   NEWS: WALL STREET JOURNAL US BUSINESS
Wall Street Journal US Business
Sep 22, 2019

Fannie, Freddie Poised to Keep Profits in an Initial Privatization Move
Mortgage-finance companies Fannie Mae and Freddie Mac are expected to start keeping their earnings as early as this week, pausing a yearslong arrangement in which they handed nearly all of their profits to the Treasury Department.

Wall Street Journal US Business
Sep 22, 2019

Fracking Ban, Pushed by Democratic Hopefuls, Could Dent Economy
Climate-change platforms of some Democratic presidential candidates propose a ban on fracking, a move that is popular with their supporters but could have consequences for the U.S. economy.

Wall Street Journal US Business
Sep 22, 2019

Hemp CFO's Quest: Educate Banks, Auditors on the Benefits of CBD
John Philpott's new job is much like that of any other finance chief guiding a growing company to a public-market debut. But something makes the initial public offering process at Vertical Wellness a little more challenging: The fact that cannabidiol, or CBD, is the main product of the Agoura Hills, Calif., company, which Mr. Philpott joined as CFO this month.

Wall Street Journal US Business
Sep 22, 2019

Americans Are Saving More, and That Isn't Necessarily Good
Household saving typically rises after a recession as people pay down debt and rebuild balance sheets, then declines as they grew more optimistic—and spendthrift. But in the current expansion, it just keeps rising.

Wall Street Journal US Business
Sep 22, 2019

Deere Turns to U.S. After Growth Stalls Overseas
Deere's incoming chief executive will take charge as the struggling tractor maker switches course from its sluggish global expansion to a narrower focus on its home U.S. market.

Wall Street Journal US Business
Sep 22, 2019

As Gold Prices Heat Up, Miners Play It Cool
Haunted by their overexpansion during the last gold boom, mining companies are shunning spending and taking a more conservative approach.

Wall Street Journal US Business
Sep 22, 2019

Oil Companies, Pushed to Address Climate, Disagree on How
As global leaders prepare to debate action on climate change at the United Nations, big oil companies are aiming to show that they are part of the solution to a problem they helped cause.

Wall Street Journal US Business
Sep 22, 2019

This Company Has Filed 10,000 Appeals to Trump's Tariffs
President Trump has said China is paying the cost of tariffs, but many U.S. importers see them as threats and are racing to seek exemptions. One such company has filed nearly two-thirds of all appeals.

Wall Street Journal US Business
Sep 21, 2019

Uber, Lyft Drivers Torn as California Law Could Reclassify Them
Some gig-economy workers who drive for Uber and Lyft see downsides ahead with California's new law that might label them as employees instead of independent contractors.

Wall Street Journal US Business
Sep 21, 2019

WeWork's Adam Neumann Was Right About One Thing: Someone Needs to Reinvent Work
How was the We Co. CEO able to raise so much money? Perhaps because he took aim at the rulebook for how we work, written a century ago by Henry Ford.

Wall Street Journal US Business
Sep 21, 2019

The War for Talent in the Age of Netflix
In the battle to dominate the new entertainment landscape, Hollywood's titans are borrowing from Netflix's playbook, transforming how they do business with writers, producers and stars—and how money is made in entertainment.

Wall Street Journal US Business
Sep 20, 2019

Sugarfina Sues to Get Back Candy Held Hostage at NY Warehouse
Sugarfina sued GLJ Inc., also known as Midnitesnax, and MJC Confections LLC, also doing business as the Hampton Popcorn Company, for allegedly holding its sweets as collateral for missed payments. The suit was filed Thursday in the U.S. Bankruptcy Court in Wilmington, Del.

Wall Street Journal US Business
Sep 20, 2019

U.S. Grants Apple 10 Exemptions from Tariffs on Chinese Imports
The Trump administration has given Apple a reprieve from tariffs on 10 items, including a power supply and a logic board, that are imported from China.

Wall Street Journal US Business
Sep 20, 2019

A 'Grass Roots' Campaign to Take Down Amazon Is Funded by Amazon's Biggest Rivals
Walmart, Oracle and mall owner Simon Property Group are secret funders behind a nonprofit that has been highly critical of the e-commerce giant.

Wall Street Journal US Business
Sep 20, 2019

YouTube CEO Apologizes Over Verification Changes
YouTube's Chief Executive Susan Wojcicki has apologized for concerns over the decision to remove the verification status of its content creators.

Wall Street Journal US Business
Sep 20, 2019

Boeing to Compensate Icelandair for 737 MAX Grounding Costs
Icelandair said it reached an agreement for Boeing to cover costs associated with the airline's six grounded 737 MAX jets—one of the first carriers to disclose such a settlement since the planes stopped flying in March.

Wall Street Journal US Business
Sep 20, 2019

Facebook Suspends More Apps, Tightens Data Controls
Facebook said it suspended tens of thousands of apps for violating its rules around accessing and sharing information, a disclosure that follows the company's record $5 billion fine from federal regulators in July.

Wall Street Journal US Business
Sep 20, 2019

GM Furloughs Workers in Canada as Strike Drags On
General Motors has furloughed roughly 2,000 hourly workers at a plant in Oshawa, Ontario, near Toronto, as the impact of a strike by the United Auto Workers in the U.S. ripples north.

Wall Street Journal US Business
Sep 20, 2019

Walmart to Stop Selling All E-Cigarettes
Walmart will stop selling all e-cigarettes in its U.S. stores, citing regulatory uncertainty around the vaping devices after the White House announced plans to ban most flavors.

Wall Street Journal US Business
Sep 20, 2019

Apple's Challenge for iPhone 11: Halt Flagging Sales in China
As Apple's iPhone 11 models went on sale world-wide today, they face their biggest challenge in China, Apple's second-largest market, where new cameras and lower prices aim to help stanch sales declines.

Wall Street Journal US Business
Sep 20, 2019

Apple's Challenge for iPhone 11: Halt Sales Slide in China
As Apple's iPhone 11 models went on sale world-wide today, they face their biggest challenge in China, Apple's second-largest market, where new cameras and lower prices aim to help stanch sales declines.

Wall Street Journal US Business
Sep 20, 2019

Pace of Growth Slowed for U.S. Household Net Worth in Second Quarter
The net worth of American households grew in second quarter, but at a slower rate than the prior quarter.

Wall Street Journal US Business
Sep 20, 2019

Fed Officials Explain Dissents From Rate Cut
Two Federal Reserve officials explained why they opposed this week's interest-rate cut, and a third defended the move, as central bankers remained split amid an uncertain outlook for the economy.

Wall Street Journal US Business
Sep 20, 2019

Twitter Suspends Former Saudi Official Linked to Khashoggi Killing
The social-media company revealed a fresh round of account suspensions, including one used by a former top Saudi official, as Twitter continued its efforts to curb coordinated disinformation on its platform.

Wall Street Journal US Business
Sep 20, 2019

McDermott International Hires Law Firm Kirkland & Ellis to Advise on Restructuring
McDermott International Inc.'s debt talks are heating up with the struggling engineering firm hiring Kirkland & Ellis LLP to advise on efforts to restructure its balance sheet, according to people familiar with the matter.

Wall Street Journal US Business
Sep 20, 2019

U.S. Household Net Worth Rose 1.64% in Second Quarter
The growth in the net worth of American households slowed in the spring.

Wall Street Journal US Business
Sep 20, 2019

Fed's Rosengren Says Cutting Rates Now Boosts Risk of Instability
Boston Fed President Eric Rosengren said cutting rates now may boost the risk of financial instability, which in turn could make the next downturn more severe when it comes.

Wall Street Journal US Business
Sep 20, 2019

A 'Grass-Roots' Campaign to Take Down Amazon Is Funded By Amazon's Biggest Rivals
Walmart, Oracle and mall owner Simon Property Group are secret funders behind a nonprofit that has been highly critical of the e-commerce giant.

Wall Street Journal US Business
Sep 20, 2019

Market Calling the Clock On Tech Unicorns
The clock appears to be ticking on the days in which technology companies losing billions of dollars are valued at tens of billions in the public market. That realization may be forcing the hand of today's most richly valued private companies.

Wall Street Journal US Business
Sep 20, 2019

Two Fed Officials Explain Why They Dissented at FOMC Meeting
Two of three Fed officials who opposed this week's central bank rate cut explained why they disagree with the path their colleagues are now following.

Wall Street Journal US Business
Sep 20, 2019

AT&T Boss Met With Activist to Discuss Strategy
AT&T's chief executive met this week with the activist investor who is pressing the company to rethink its strategy and sell off more assets.

Wall Street Journal US Business
Sep 20, 2019

Mastering the Art of Impatience
Need better efforts on short timetables? Start by giving a damn.

Wall Street Journal US Business
Sep 20, 2019

Fed's Bullard Explains His Dissent on Rate Cut He Calls Too Small
St. Louis Fed leader James Bullard said the central bank should have lowered rates by more than it did to further ensure the economy can navigate a climate of rising risk.

Wall Street Journal US Business
Sep 20, 2019

Nintendo Seeks to Sustain Switch Sales With Stripped-Down Console
Nintendo introduced a stripped-down Switch console, meant to keep up the line's momentum in its third holiday season, as the videogame maker seeks to widen the Nintendo brand's global presence.

Wall Street Journal US Business
Sep 20, 2019

Powell's Subtle Messaging to Trump on Trade Fight
Fed Chairman Jerome Powell's press conference this week carried a subtle message for President Trump: If you're worried about an economic slowdown, find a way to cool down the trade war.

Wall Street Journal US Business
Sep 20, 2019

Market for Illicit Vaping Products Flourishes Online
As concerns about the health hazards of vaping mount, a market for cannabis-vaping products and the tools to create counterfeits is thriving online on big tech platforms like Amazon and Facebook.

Wall Street Journal US Business
Sep 19, 2019

U.S.-Mexico Tomato Deal Could Force Retailers, Importers to Play Ketchup
Retailers and importers warn a new deal with Mexican tomato growers could lead to more expensive and lower-quality tomatoes at the supermarket.

Wall Street Journal US Business
Sep 19, 2019

Zuckerberg Meets With Trump, Faces Tough Questions from Senators
With his company under a regulatory spotlight, Facebook's Mark Zuckerberg scored a meeting at the White House Thursday—but faced a chillier reception from lawmakers on Capitol Hill.

Wall Street Journal US Business
Sep 19, 2019

Los Angeles Dodgers Add Two Entrepreneurs to Ownership Team
The Los Angeles Dodgers added Alan Smolinisky and Robert Plummer to the team's ownership group, whose members include financial-management executive Mark Walter and basketball legend Magic Johnson, people familiar with the matter said.

Wall Street Journal US Business
Sep 19, 2019

PG&E Bondholders Ally With Fire Victims to Offer New Bankruptcy Plan
Court papers filed by a group of PG&E bondholders, including Elliott Management and by the official committee representing wildfire victims, asked for the green light to put a chapter 11 plan on the table that would compete with the company's own restructuring framework.

Wall Street Journal US Business
Sep 19, 2019

Behind the GM-UAW Strike: Two Combatants With Something to Prove
GM wants to show Wall Street it is more assertive than the company that collapsed into bankruptcy a decade ago. The union is confronting membership declines, a federal corruption investigation and dissent from within. Both sides face pressure from President Trump.

Wall Street Journal US Business
Sep 19, 2019

Purdue Led Its Opioid Rivals in Pills More Prone to Abuse
When taking into account the dosage strength of each pill, Purdue Pharma's OxyContin represented a market-leading 27% of total oxycodone sold during a seven-year period reviewed by The Wall Street Journal.

Wall Street Journal US Business
Sep 19, 2019

As GM Strike Stretches On, Supply Chain Starts to Suffer
Companies that supply parts to General Motors Co. are being forced to idle plants and lay off workers, as the national strike called by the United Auto Workers completes its fourth day.

Wall Street Journal US Business
Sep 19, 2019

Zuckerberg Gets Chilly Reception on Capitol Hill
Facebook's Mark Zuckerberg came to the capital to parley with lawmakers on his vision for the future of social media and internet regulation but ended up getting an earful of complaints

Wall Street Journal US Business
Sep 19, 2019

PG&E Bondholders Ally With Wildfire Victims to Propose New Bankruptcy Exit Plan
Court papers filed by a group of PG&E bondholders, including Elliott Management Corp. and by the official committee representing fire victims, asked for the green light to put a chapter 11 plan on the table that would compete with the company's own restructuring framework.

Wall Street Journal US Business
Sep 19, 2019

You Can Update Your iPhone to iOS 13 Today but You Probably Shouldn't
Apple's newest update for iPhones has neat features like Dark Mode and Sign in with Apple, but it's also a bit buggy. Our columnist suggests waiting a week before downloading.

Wall Street Journal US Business
Sep 19, 2019

Huawei Argues Ban on Doing Business With U.S. Government Is Unconstitutional
Attorneys for China's Huawei Technologies argued in federal court in Texas that a law barring it from doing business with the U.S. government is unconstitutional.

Wall Street Journal US Business
Sep 19, 2019

Colt Defense to Stop Producing AR-15 Rifles for Civilians
Gun maker Colt Defense LLC said it would stop producing semiautomatic rifles for civilians, citing a glut in the market.

Wall Street Journal US Business
Sep 19, 2019

Home Sales Inch Up, Raising Hopes That Slump is Easing
August was the strongest month for sales of U.S. homes in nearly a year and a half, sparking fresh hope that a protracted slump in the housing market may finally be starting to reverse.

Wall Street Journal US Business
Sep 19, 2019

Fentanyl Drug Finds New Home in First Opioid Crisis Bankruptcy Deal
Insys Therapeutics won bankruptcy-court approval to sell Subsys, the opioid that spawned criminal racketeering charges against its top executives and set off investigations and lawsuits that plunged the company into bankruptcy.

Wall Street Journal US Business
Sep 19, 2019

China Detains Former U.S. Air Force Pilot Flying for FedEx
Chinese authorities have detained a FedEx Corp. pilot in the southern city of Guangzhou, elevating pressure on the express shipping company, which is already in Beijing's crosshairs amid a U.S.-China trade war.

Wall Street Journal US Business
Sep 19, 2019

Fed Will Weigh Resuming Balance Sheet Growth at October Meeting
The central bank will study whether to increase its holdings of Treasury securities carefully before approving any action at its Oct. 29-30 meeting.

Wall Street Journal US Business
Sep 19, 2019

Huawei Launches First Smartphone Without Google's Key Apps
Huawei Technologies unveiled its first smartphone devoid of Google's most popular apps, a byproduct of the U.S.-China trade dispute that could complicate the Chinese tech giant's efforts to stoke demand for its products.

Wall Street Journal US Business
Sep 19, 2019

Amazon to Add 100,000 Electric Vehicles as Part of Climate Pledge
Amazon.com plans to buy 100,000 electric delivery trucks as it seeks to reduce its carbon emissions in the face of criticism of its environmental impact.

Wall Street Journal US Business
Sep 19, 2019

High-Dose Opioid Pills Helped Fuel Purdue Pharma's Growth
When taking into account the dosage strength of each pill, Purdue Pharma's OxyContin represented a market-leading 27% of total oxycodone sold during a seven-year period reviewed by The Wall Street Journal.

Wall Street Journal US Business
Sep 19, 2019

High-Dose Opioid Pills Helped Fuel Purdue's Growth
When taking into account the dosage strength of each pill, Purdue Pharma's OxyContin represented a market-leading 27% of total oxycodone sold during a seven-year period reviewed by The Wall Street Journal.

Wall Street Journal US Business
Sep 19, 2019

Olive Garden Boosts Darden Restaurants Results
Darden Restaurants said sales rose in its latest quarter as stronger results from its flagship Olive Garden and LongHorn Steakhouse brands offset declines from its smaller chains.

Wall Street Journal US Business
Sep 19, 2019

Zuckerberg Spars With Senators at Private D.C. Dinner
Facebook CEO Mark Zuckerberg kicked off a lobbying trip to the capital by sparring with senators at a private dinner over a range of online woes including election security, privacy and competition.

Wall Street Journal US Business
Sep 19, 2019

FedEx Pilot Detained by Police in Southern China
Chinese authorities have detained a FedEx Corp. pilot in the southern city of Guangzhou, elevating pressure on the express shipping company, which is already in Beijing's crosshairs amid a U.S.-China trade war.

Wall Street Journal US Business
Sep 19, 2019

Surging Ethane Demand to Trigger Big Gas-Carrier Orders
Ship owners are likely to order up to 40 large ethane carriers over the next 12 months as demand for the gas widely used in the petrochemical industry to make plastics and detergents steadily rises.

Wall Street Journal US Business
Sep 19, 2019

Yes, You Can Sleep on the Job. Just Please Use the Nap Room.
Some companies in Japan are creating spaces to snooze officially, but workers say the premeditated nature of using them smacks of sloth—unlike dozing admirably in one's chair.

Wall Street Journal US Business
Sep 19, 2019

U.S. Existing-Home Sales Rose in August
Sales of previously owned U.S. homes rose 1.3% in August from the previous month, adding to recent modest signs of recovery in the housing market.

Wall Street Journal US Business
Sep 19, 2019

China's Tencent to Invest in Educational Startup VIPKid
Tencent Holdings is set to invest $150 million in VIPKid amid concerns over the online education company's business model.

Wall Street Journal US Business
Sep 19, 2019

Snapchat Must Hit More Angles with Advertisers
A recent RBC survey showed that while future advertising spending intentions on Snapchat have improved, Snapchat spending remained the weakest of all surveyed social-media platforms.

Wall Street Journal US Business
Sep 19, 2019

To Keep Exports Flowing, Saudi Arabia Looks to Import Oil
After attacks on the country's largest oil facilities, Saudi Arabia is reaching out to foreign producers for crude and other petroleum products. Crude-oil prices are up on news the Saudis are importing oil products.

Wall Street Journal US Business
Sep 19, 2019

Fed Chairman Powell Masters the Art of Saying Nothing
By refusing to elaborate on what the Fed will do next, Chairman Jerome Powell leaves less room for misinterpretation and forces the market to think for itself.

Wall Street Journal US Business
Sep 19, 2019

Cash May Be King in India, but Google Is Prince of Mobile Payments
The leading player in the battle for mobile payments in India isn't a Chinese firm, Apple, Visa or PayPal. It's Google.

Wall Street Journal US Business
Sep 19, 2019

Bank of Japan Hints at Possible Action in October
The Bank of Japan left policy unchanged but hinted at possible action at its next meeting, saying it believes momentum toward achieving its inflation target may be falling short.

Wall Street Journal US Business
Sep 18, 2019

AT&T Examines Split With DirecTV
AT&T is exploring parting with its DirecTV unit, people familiar with the matter said, a move that would mark a sharp course correction in strategy for the phone giant.

Wall Street Journal US Business
Sep 18, 2019

Warren Probes Apollo and KKR on Backing For-Profit Colleges
Elizabeth Warren is demanding answers from private-equity firms about their investments in for-profit colleges, the latest push by a high-profile Washington lawmaker to investigate how buyout firms affect the public.

Wall Street Journal US Business
Sep 18, 2019

AT&T Considering Split With DirecTV
AT&T is exploring parting with its DirecTV unit, people familiar with the matter said, a move that would mark a mark a sharp course correction in strategy for the phone giant.

Wall Street Journal US Business
Sep 18, 2019

Zuckerberg Heads to Capitol Hill to Push His Version of Web Regulation
Facebook Inc. CEO Mark Zuckerberg will pitch to lawmakers his moderate vision for internet regulation and seeking to placate lawmakers who are weighing tougher moves.

Wall Street Journal US Business
Sep 18, 2019

Microsoft to Buy Back Up to $40 Billion in Stock
The software giant also said it plans to raise its dividend 11%, as the company maintains its record of sharing its flood of cash with shareholders.

Wall Street Journal US Business
Sep 18, 2019

Fed Cuts Rates by Quarter Point but Faces Growing Split
The Fed voted to cut interest rates by a quarter-percentage point for the second time in as many months to cushion the economy against a global slowdown amplified by the U.S.-China trade war. But the central bankers were divided over the decision and the outlook for further reductions.

Wall Street Journal US Business
Sep 18, 2019

AT&T Exploring Split With DirecTV
AT&T is exploring parting with its DirecTV satellite unit, people familiar with the matter said, a move that would mark a mark a sharp course correction in strategy for Chief Executive Randall Stephenson, who billed his $49 billion bet on the satellite provider as a key to the phone giant's future as a media conglomerate.

Wall Street Journal US Business
Sep 18, 2019

GM Workers---Some With No Strike Experience---Gird for Longer Walkout
The first strike called by the United Auto Workers against General Motors Co. in more than a decade lasted a third day, and many on the picket line Wednesday—including some hired since the last stoppage—said they are prepared to stay away longer.

Wall Street Journal US Business
Sep 18, 2019

Apple Communications Chief to Leave Company
Apple said its head of communications is leaving the company, the latest of several senior executive departures this year as the tech giant reorients its business amid flagging iPhone sales.

Wall Street Journal US Business
Sep 18, 2019

Comcast Cuts Price of Its Streaming Hardware From $5 a Month to $0
Comcast is making its streaming device available free of charge to its internet-only customers, in an effort to capitalize on its expanding broadband customer base as the battle for streaming customers ramps up.

Wall Street Journal US Business
Sep 18, 2019

White House Is Revoking California Waiver on Auto Emissions
President Trump said the administration is revoking California's authority to set its own tailpipe-emissions standards, escalating a fight that has challenged the auto industry.

Wall Street Journal US Business
Sep 18, 2019

Fed Sees Three Dissents at Meeting for First Time Since 2016
Three Federal Reserve officials voted against the central bank's decision to cut interest rates by a quarter percentage point, the largest number of formal dissents since Jerome Powell became chairman.

Wall Street Journal US Business
Sep 18, 2019

Insys Bankruptcy Plan Comes Up Short in Paying Justice Department
Insys Therapeutics, the first drugmaker to be driven to bankruptcy as a result of litigation over the nation's opioid crisis, has outlined its plan to wind down its operations in chapter 11 bankruptcy without making good on a $225 million settlement with the U.S. Justice Department.

Wall Street Journal US Business
Sep 18, 2019

McDermott Enlists Turnaround Adviser After Guidance Cut
McDermott International has engaged turnaround consulting firm AlixPartners to advise on efforts to improve cash flow and stem a recent spate of net losses at the offshore oil-and-gas engineering and construction company, said people familiar with the matter.

Wall Street Journal US Business
Sep 18, 2019

FedEx Shares Plummet Following Dismal Results
FedEx shares plunged the most in a decade after the company's global Express business showed its vulnerability to global trade disruptions.

Wall Street Journal US Business
Sep 18, 2019

Fed Cuts Rates By Quarter Point, But Faces Growing Split
The Federal Reserve cut its short-term benchmark rate by a quarter point to cushion the U.S. economy against global economic headwinds. Officials left the door open for more but were split over the outlook for further reductions.

Wall Street Journal US Business
Sep 18, 2019

'This Is Not the Way Everybody Behaves.' How Adam Neumann's Over-the-Top Style Built WeWork.
His entrepreneurial vision and risk-taking, plus tequila and marijuana, helped fuel We Co.'s breakneck growth. Those qualities are piling up as potential liabilities as the company prepares to go public.

Wall Street Journal US Business
Sep 18, 2019

Startup Aims to Unlock Drug Discovery With Machine Learning
Seed investors are backing a startup that sees machine learning as the key to enabling drugs to be aimed at molecular targets that have long been thought to be out of pharmaceutical companies' reach.

Wall Street Journal US Business
Sep 18, 2019

U.S. Housing Starts Rose Significantly in August
Home building in the U.S. increased in August to the highest level since June 2007, a positive note for the housing industry in a year marked by lagging home sales and sluggish single-family construction.

Wall Street Journal US Business
Sep 18, 2019

Trump: Administration Revoking California Emissions Waiver
President Trump said the administration would revoke California's auto emissions waiver, a move he said would result in cheaper but safer cars.

Wall Street Journal US Business
Sep 18, 2019

Stale Snack-Bar Sales Hurt General Mills
General Mills extended its sales slump after seeing poor demand for brands including Yoplait yogurt and Nature Valley bars.

Wall Street Journal US Business
Sep 18, 2019

Among Today's Most Prized Leadership Qualities: Playing Nicely
Getting along well with your peers counts for a lot when you vie for the same plum promotion. Your management career may benefit even if you lose the race. Yet it can be hard to cooperate and compete at the same time.

Wall Street Journal US Business
Sep 18, 2019

Creditor Group Dismayed by Cash Burn Wants 'Old Sears' to Liquidate
A group of Sears Holdings Corp.'s creditors say the remaining part of the retailer's estate left behind in bankruptcy is so low on cash that it should be liquidated under chapter 7.

Wall Street Journal US Business
Sep 18, 2019

Missing Paychecks Leave Small Firms Scrambling
The FBI is investigating a payroll processor after about $30 million destined for paychecks and related tax payments went missing this month. Roughly 8,000 employees and nearly 400 companies have been affected.

Wall Street Journal US Business
Sep 18, 2019

Juul Faces Subpoena Threat Over Documents
The leader of a House subcommittee investigating Juul Labs says the e-cigarette maker hasn't turned over documents it requested and warned that the committee could issue a subpoena demanding them.

Wall Street Journal US Business
Sep 18, 2019

Facebook Jumps on the Streaming Bandwagon With New Portal Device
Facebook is getting into the streaming game, launching a new set-top version of its Portal device that adds to the company's bet that the future of smart homes will be social.

Wall Street Journal US Business
Sep 18, 2019

General Mills Hurt by Weaker Demand for Snacks, Meals
General Mills said sales of snacks, meals and baking products weakened in the U.S. in its latest quarter, dragging down overall revenue.

Wall Street Journal US Business
Sep 18, 2019

Huawei Suspended From International Cybersecurity Forum After U.S. Ban
Huawei Technologies has been suspended from membership in a global trade group of companies, governments and experts set up to tackle computer security breaches and share information about vulnerabilities.

Wall Street Journal US Business
Sep 18, 2019

Oil Spikes, Auto Strikes Join List of Supply Shocks
Supply shocks, combined with tight labor markets and political pressure on the Fed, have been a recipe for inflation in the past and could be again.

Wall Street Journal US Business
Sep 18, 2019

National Security Worries Threaten U.S. Takeover of U.K. Defense Firm
The U.K. halted the $5 billion sale of a British defense firm to an American investor pending further government review, a rare move for a country that hasn't typically intervened in big, cross-border dealmaking.

Wall Street Journal US Business
Sep 18, 2019

National-Security Worries Threaten Takeover of U.K. Defense Firm
The U.K. halted the $5 billion sale of a British defense firm to an American investor pending further government review, a rare move for a country that hasn't typically intervened in big, cross-border deal making.

Wall Street Journal US Business
Sep 18, 2019

Mortgage Rates Decline Ahead of Fed Meeting
Consumers' borrowing costs have drifted lower since the Federal Reserve cut interest rates in July, fueling a wave of mortgage refinancing and helping to support household spending despite deepening economic uncertainty.

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