GDP Numbers Reveal Momentum Underlying U.S. Economy

Wall Street Journal - 30 min 6 sec ago
Consumer, business and government spending helped propel better-than-expected U.S. growth in the second quarter.
Categories: Business

Ruling Paves Way for Trial on Caesars Creditor Lawsuit

Wall Street Journal - 37 min 9 sec ago
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.
Categories: Business

German Car Makers Shift Gears as China Slows

Wall Street Journal - 1 hour 7 min ago
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.
Categories: Business

Smucker Results Top Expectations

Wall Street Journal - 1 hour 38 min ago
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.
Categories: Business

Dole Executives Ordered to Pay $148 Million in Buyout Suit

Wall Street Journal - 1 hour 48 min ago
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.
Categories: Business

McDonald's, Tyson Cut Ties to Farm Over Alleged Animal Abuse

Wall Street Journal - 2 hours 15 min ago
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.
Categories: Business

New Orleans's Uneven Revival in Decade After Katrina

Wall Street Journal - 2 hours 35 min ago
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.
Categories: Business

FDA Warns Cigarette Makers on 'Natural' Labeling

Wall Street Journal - 2 hours 54 min ago
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.”
Categories: Business

Lilly Lung-Cancer Drug Stirs Price Debate

Wall Street Journal - 3 hours 5 min ago
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.
Categories: Business

Tiffany Reports Profit Decline

Wall Street Journal - 3 hours 25 min ago
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.
Categories: Business

Sanctions Bite Massive Gas Project in Russian Arctic

Wall Street Journal - 3 hours 35 min ago
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.
Categories: Business

Absolut Drag: Pernod Writes Down Its Vodka

Wall Street Journal - 4 hours 50 sec ago
Pernod Ricard took a hefty write-down on its struggling Absolut vodka brand, leading to a 15% drop in fiscal full-year profit.
Categories: Business

Amazon Curtails Development of Consumer Devices

Wall Street Journal - 4 hours 7 min ago
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.
Categories: Business

Pending Home Sales Index Rises

Wall Street Journal - 5 hours 20 min ago
The National Association of Realtors said its pending home sales index rose 0.5% in July from the previous month.
Categories: Business

For Emerging Markets, 2015 Isn't 1997

Wall Street Journal - 5 hours 30 min ago
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.
Categories: Business

Winners and Losers in China's Upheaval

Wall Street Journal - 5 hours 57 min ago
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.
Categories: Business

Netflix Viewership Finally Gets a Yardstick

Wall Street Journal - 5 hours 58 min ago
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.
Categories: Business

Groups Complain to FDA About Natural American Spirit Cigarettes

Wall Street Journal - 6 hours 5 min ago
Antitobacco activists and health groups criticize Reynolds American’s advertising of the brand’s organic tobacco.
Categories: Business

U.S. Jobless Claims Fall as Labor Market Remains Strong

Wall Street Journal - 7 hours 14 min ago
The number of Americans seeking first-time unemployment benefits fell last week, suggesting the labor market remains healthy.
Categories: Business

Oil Exploration Companies Scramble to Cut Costs

Wall Street Journal - 8 hours 15 min ago
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.
Categories: Business
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