Our Great City
Updated: 33 min 58 sec ago
Once admired as wise and deft, the U.S. central bank failed to foresee the financial crisis and has struggled in its aftermath, fostering the rise of populism and distrust of institutions.
Wal-Mart in 2008 looked into an employee claim that cotton sheets provided by the big retailer’s supplier Welspun India might have been fake, according to ex-employees and documents reviewed by The Wall Street Journal.
Rising out-of-pocket health care costs, combined with slow economic growth and years of tepid wage growth, pose risks for an economy in which consumer spending accounts for more than two-thirds of overall output.
The ability of Mylan to raise EpiPen’s list price by nearly 550% over the past eight years underscores the pricing power drug companies enjoy for iconic brands facing little competition.
U.S. airlines and aviation regulators are poised to break new ground by expanding voluntary safety-reporting efforts to include data from Canadian carriers, according to people familiar with the discussions.
Two years ago, when startups were flush with money, hardware and software design companies were eager to work with them and get paid in cash and equity. These days, however, smaller design firms increasingly want just cash.
The Obama administration took steps Thursday that could effectively force the closure of one of the nation’s largest for-profit college chains, banning ITT Technical Institute from enrolling new students who receive federal aid.
Volkswagen has reached an accord with about 650 U.S. franchise dealers affected by its diesel-emissions crisis but is struggling to convince regulators to accept a fix for some half a million polluting vehicles still on U.S. roads, even if they can’t be made fully compliant with emissions regulations.
Singapore became the first country to launch a self-driving taxi service, beating ride-hailing giant Uber Technologies to public road tests by mere days.
After years battling depressed prices and cost-cutting, South African gold miners are regaining their shine, with the country’s top four gold producers announcing soaring profits and dividends.
Security researchers say a little-known Israeli startup exploited previously unknown bugs in Apple’s smartphone software to help foreign governments spy on their citizens.
Central bankers are gathering in Jackson Hole, Wyo., for an annual economic symposium, this year titled “Designing Resilient Monetary Policy Frameworks for the Future.” Here are several things to watch.
Welspun India said it would modify its supply chain and review its practices to address accusations it sold fake Egyptian cotton sheets to U.S. retailers.
WhatsApp will start sharing data with Facebook, a policy shift after vowing few changes when the social network bought the app.
One woman died and another was injured in what Japanese police are calling the first fatal accident in the country involving the smartphone game Pokémon Go.
Mylan responded to backlash over the price of its EpiPen by promising to reduce the costs that some patients pay, though stopped short of saying it would cut prices.
China is taking a more inclusive tack in imposing cybersecurity standards on foreign technology companies, allowing them to join a key government committee in an effort to ease foreign concerns over planned domestically-set controls.
China’s move to add the U.S. to a list of Zika-infected nations worries exporters, who fear requirements to fumigate all containers.
Demand for long-lasting factory goods rebounded in July—with durable-goods orders leaping 4.4%—in a sign the manufacturing sector could continue to stabilize in the second half of the year.
Monsanto said that it has withdrawn an application to sell a new variety of genetically modified cotton seed in India because of its concerns over the country’s attempts to restrict the biotechnology business.