Redbox Owner Outerwall Agrees to Be Taken Private

Wall Street Journal - Mon, 07/25/2016 - 8:44am
Outerwall agreed to be acquired by private-equity firm Apollo Global Management for roughly $895 million, which would take the owner of Redbox movie-rental kiosks private.
Categories: Business

Fed Officials Push Back Against Calls to Overhaul Structure

Wall Street Journal - Mon, 07/25/2016 - 8:41am
Federal Reserve bank presidents are pushing back against a rising chorus of voices saying the central bank’s century-old structure needs to be overhauled to reduce bankers’ influence over its operations and policies.
Categories: Business

Terror Weighs on Europe's Travel Industry

Wall Street Journal - Mon, 07/25/2016 - 7:31am
A cascade of terrorist incidents is driving away tourists at the height of Europe’s summer rush, casting a pall over hotel chains, airlines and luxury retailers.
Categories: Business

Booze Makers Court Consumers With 'Healthier' Drinks

Wall Street Journal - Mon, 07/25/2016 - 5:48am
From nonalcoholic martinis to cocktails frothed with chickpea brine, drink purveyors are hustling to satisfy consumers’ growing desire for what they see as healthier quaffs.
Categories: Business

Rank and 888 Eye Merger With William Hill

Wall Street Journal - Mon, 07/25/2016 - 5:15am
The two smaller firms haven't made a formal offer for the $3.5 billion bookmaker, and it sounds skeptical but says it will listen to a proposal.
Categories: Business

Verizon Finalizes $4.8 Billion Deal to Acquire Yahoo

Wall Street Journal - Mon, 07/25/2016 - 3:41am
Verizon has agreed to pay $4.8 billion to acquire Yahoo, ending a drawn-out auction process for the beleaguered internet company. The web pioneer once had a market capitalization of more than $125 billion.
Categories: Business

Ryanair Posts 4% Profit Rise, Sticks With Forecasts

Wall Street Journal - Mon, 07/25/2016 - 3:27am
Ryanair stuck to its earnings target for the year after first-quarter profit rose 4%—bucking a trend for European carriers, whose earnings have been hit by shocks including terrorist attacks, air-traffic-control strikes and Brexit.
Categories: Business

Philips Profit Lifted by Health Technology

Wall Street Journal - Mon, 07/25/2016 - 1:34am
Philips reported a 57% rise in second-quarter net profit as it benefited from a strong performance of its health-technology operations and cost savings.
Categories: Business

In China, a Robot's Place Is in the Kitchen

Wall Street Journal - Mon, 07/25/2016 - 1:03am
China is having a bout of robot fever, with “machine people” popping up from banks to badminton courts, but the enthusiasm has some worried about signs of a robot bubble.
Categories: Business

BP Tries to Regain Its Footing With the 2010 Spill Behind It

Wall Street Journal - Sun, 07/24/2016 - 10:48pm
BP is under pressure from investors and analysts to show it can rejoin the ranks of the world’s biggest oil companies now that the costs of the deadly Gulf of Mexico spill have largely come under control.
Categories: Business

China Drivers Find Advertised Fuel Economy a Fiction

Wall Street Journal - Sun, 07/24/2016 - 10:48pm
China’s fuel-economy tests ignore some important real-world driving conditions, critics say, which may explain how the same car can end up with a higher fuel-efficiency rating in China than the U.S.
Categories: Business

'Star Trek' Leads Box Office While 'Ice Age' Underwhelms

Wall Street Journal - Sun, 07/24/2016 - 10:39pm
Hollywood’s sequel slowdown continued this weekend, this time with “Star Trek Beyond” and “Ice Age: Collision Course” faring worse than their predecessors at the box office.
Categories: Business

Dell, HP Take Opposite Tacks Amid Roiling Tech Market

Wall Street Journal - Sun, 07/24/2016 - 10:32pm
Dell and EMC are betting that a diverse product portfolio will make the combined company a one-stop shop, while Hewlett-Packard says two halves of the former tech giant are better able to focus on innovation.
Categories: Business

Huawei's First-Half Revenue Up 40%

Wall Street Journal - Sun, 07/24/2016 - 9:46pm
Huawei Technologies didn’t disclose a revenue breakdown by business segment, but analysts said the Chinese technology giant, which is increasing its share of the global smartphone market, has seen revenue growth from its carrier business.
Categories: Business

Car-Sharing Industry Is Loaded Down by Taxes

Wall Street Journal - Sun, 07/24/2016 - 9:35pm
As more Americans go car-free, cities are increasing taxes on the car-sharing industry but not ride-hailing, according to research by DePaul University into the competitive landscape of the fledgling industries.
Categories: Business

Tech Giants Boast Edge in Music Streaming

Wall Street Journal - Sun, 07/24/2016 - 9:07pm
Streaming music is just a sideline for the industry’s power players—Apple, and Google parent Alphabet.
Categories: Business

Global Economy Week Ahead: Fed and BOJ Decisions, Eurozone GDP

Wall Street Journal - Sun, 07/24/2016 - 8:45pm
It will be a big week in monetary policy as the U.S. Federal Reserve and Bank of Japan announce their latest monetary moves and Brazil’s central bank unveils the minutes from its first policy decision under its new governor.
Categories: Business

Debate Over U.S. Debt Changes Tone

Wall Street Journal - Sun, 07/24/2016 - 8:36pm
A debate about whether the U.S.’s borrowing capacity has gone up—and how the nation might take advantage of it—has replaced the fights of yesteryear over the urgency of a “grand bargain” to slash the debt.
Categories: Business

Apple Is Ripe for a Rally

Wall Street Journal - Sun, 07/24/2016 - 7:19pm
Down 21% in the past 12 months, Apple shares have been punished more than enough.
Categories: Business

G-20 Ministers Vow to Promote Growth After Brexit Shock

Wall Street Journal - Sun, 07/24/2016 - 6:11pm
Global finance ministers redoubled their commitments to use all available policy tools to boost economic growth, wary that myriad headwinds risk pushing the world economy into a low-growth rut.
Categories: Business
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