Our Great City
The deal that was supposed to bail Energy Future Holdings out of bankruptcy proceedings—the sale of its Oncor transmissions business—could be dead within weeks unless Texas regulators give it a second look.
Ford reaped the benefits of its costly F-150 truck revamp, doubling net income in the first quarter and posting a North American operating margin rivaling those returned by high-end luxury brands.
Volkswagen said it expects costs of nearly $9 billion to buy back tainted diesel-powered cars but believes the worst of the emissions crisis is now over.
U.S. Steel is alleging that Chinese government hackers stole proprietary methods for making lightweight steel on behalf of Chinese steel producers seeking to supply a bigger share of the U.S. auto-making market.
Airbus, straining under a record order book, reported a sharp fall in first-quarter profit after delivering fewer planes than in the same period last year and posting heavy cash outflows.
The number of Americans filing for new unemployment benefits rose last week but remained at a low level consistent with an improving labor market.
Viacom swung to a profit in its latest quarter but revenue fell short of expectations as the media giant continues to grapple with shifts in how people consume media.
Bristol-Myers Squibb said first-quarter revenue rose a better-than-expected 8.7%, boosted by the continued expansion of its Opdivo cancer immunotherapy and growth of other key drugs.
Central banks struggling with low inflation do have a tool to combat it where they print money to finance increased government deficits. But, Greg Ip writes, central banks don’t want to erase the line between monetary and fiscal policy.
Mitsubishi Motors said vehicles it sold in the U.S. over the last four years or so are unaffected by fuel-economy testing issues or data manipulation, problems it admitted to for certain cars it sells in Japan.
Aetna reported its profit fell 6.5% in the first quarter as a key measure of the company’s medical costs rose and membership fell.
The Obama administration announced plans to ramp up efforts to reach Americans who have defaulted on student loans and enroll them in debt-relief programs, reflecting concerns that millions are damaging their credit.
Carriers face closure or suspension of services for allegedly flouting tax and safety rules, according to the country’s aviation authority and senior airline executives.
Brazilian miner Vale swung to a net profit in the first quarter, as the company reported gains in derivative operations.
Federal Reserve officials left short-term interest rates unchanged and signaled they plan to move cautiously, citing a mixed economic backdrop and lingering concerns about low inflation.
WPP reported a rise in first-quarter revenue in sterling terms, boosted by strong growth across key markets including North America, the U.K. and Western continental Europe.
Danish billionaire Kjeld Kirk Kristiansen has announced that his 37-year-old son, Thomas, will succeed him as vice chairman of toy maker Lego.
French luxury brand Hermès International said that first-quarter revenue rose 6.1% as a weakening global economy and terrorism failed to dampen shoppers’ mood to splurge on expensive leather bags and fashion.
The $1.36 billion net profit for the last fiscal year marks a turnaround for Sony, which has struggled to maintain profitability for much of the past decade.
Comcast Corp.’s talks to purchase DreamWorks Animation SKG Inc., the studio behind “Shrek” and “Kung Fu Panda,” are about everything except the movies, people familiar with the deal discussions said.