Our Great City
Consumer, business and government spending helped propel better-than-expected U.S. growth in the second quarter.
A federal judge said Caesars Entertainment and a group of bondholders should prepare for a trial in a lawsuit over Caesars’ guarantees of billions of dollars of its operating unit’s debt.
At BMW’s annual results presentation in March, former Chief Executive Norbert Reithofer warned of a coming slowdown in China. These days his prediction seems optimistic.
J.M. Smucker reported better-than-expected profit and revenue growth for its first quarter, helped by a jump in U.S. coffee sales after a new-product launch and improvements in pricing.
A Delaware judge ordered Dole Food’s chief executive and a former official to pay shareholders $148 million, ruling that CEO David Murdock’s 2013 buyout undervalued the fruit grower.
McDonald’s and Tyson Foods severed ties with a Tennessee poultry farm after an animal-rights group on Thursday released video footage from the facility that showed chickens being stabbed, clubbed and crushed to death.
Residents and tourists have returned to New Orleans in the decade since Hurricane Katrina, but the city’s economy remains skewed toward low-wage jobs.
The FDA sent warning letters targeting the owners of top-10 cigarettes brands Winston and Natural American Spirit for violating federal law by marketing the brands as “additive-free” or “natural.”
An experimental Eli Lilly & Co. lung-cancer drug hasn’t reached the market, but some doctors are already weighing in on how much it should cost—arguing the price should be below average because the drug extended patient lives by only six to seven weeks in a clinical trial.
Tiffany reported a 15% drop in profits for its latest quarter and slashed its earnings outlook for the year, as a strong dollar and weak tourism continued to dent sales.
A race to shore up funding for the $27 billion Yamal LNG energy project in the Russian Arctic has emerged as a test of Moscow’s ability to weather Western sanctions.
Pernod Ricard took a hefty write-down on its struggling Absolut vodka brand, leading to a 15% drop in fiscal full-year profit.
Amazon is scaling back its efforts to develop consumer devices, laying off dozens of engineers at its secretive Lab126 hardware-development center and trimming or halting other projects.
The National Association of Realtors said its pending home sales index rose 0.5% in July from the previous month.
Capital Account: Falling currencies aren’t a sign that a repeat of the 1997 emerging-market crisis is brewing. But China’s slowdown and the accompanying slump in commodity prices are exposing structural weaknesses those economies have neglected for too long, Greg Ip writes.
China’s economic slowdown is shaking the fortunes of multinationals that do business there, but the effect is uneven. Those that fed the traditional boom industries of infrastructure, energy and steel are hurting. In contrast, companies catering to consumers are faring better.
Nielsen is cracking open the tight lid that Netflix and other video-streaming services keep on viewership data. By tracking some 1,000 shows, Nielsen could give studios more leverage in content-licensing talks.
Antitobacco activists and health groups criticize Reynolds American’s advertising of the brand’s organic tobacco.
The number of Americans seeking first-time unemployment benefits fell last week, suggesting the labor market remains healthy.
Across the oil exploration industry, smaller companies are renegotiating drilling commitments, selling off stakes in licenses and canceling plans to drill exploration wells—whatever it takes to pare back budgets that once hinged on expensive drilling programs.