Internal Audit Chiefs Gain in Clout and Compensation

Wall Street Journal - Mon, 10/24/2016 - 9:36pm
As boards worry more about cyberattacks, compliance and personal liability, chief audit executives, who assess corporate controls, risk management and governance processes, are gaining in influence and pay.
Categories: Business

Detroit Increases Truck Capacity; Signs of Market Peak Appear

Wall Street Journal - Mon, 10/24/2016 - 9:05pm
GM, Ford and Fiat Chrysler are pledging to expand U.S. capacity to make pickups and SUVs as passenger car sales slump, exacerbating a budding price war for the industry’s best-selling vehicles.
Categories: Business

Kimberly-Clark is Bracing for More Quarters of Sluggish Sales

Wall Street Journal - Mon, 10/24/2016 - 8:48pm
The maker of Kleenex tissues and Huggies diapers lowered its financial forecasts Monday.
Categories: Business

ACA Deadline Extended for Those Who Lost Their Health Plans

Wall Street Journal - Mon, 10/24/2016 - 7:53pm
Hundreds of thousands of consumers whose health insurance plans are being discontinued for 2017 will get some flexibility when signing up for a new plan during the Affordable Care Act’s open enrollment, a sign of continued turmoil in the exchange markets.
Categories: Business

Merck Drug Gets FDA Approval as a First-Line Lung Cancer Treatment

Wall Street Journal - Mon, 10/24/2016 - 7:20pm
Merck & Co.’s immunotherapy cancer drug Keytruda received U.S. Food and Drug Administration approval as a first-line treatment for certain lung cancer patients.
Categories: Business

Retailers Rushed to Hire for Holidays, a Sign of Tight Labor Market

Wall Street Journal - Mon, 10/24/2016 - 6:35pm
Data from job-search site shows retailers, and the warehouse and logistics firms they compete with for seasonal labor, started searching for temporary workers a month earlier than in recent years.
Categories: Business

Sonic Gives Disappointing Annual Guidance

Wall Street Journal - Mon, 10/24/2016 - 5:48pm
Fast-food chain Sonic expects the weak consumer spending and competitive pressure that led to a sharp sales slowdown in the most-recent period to carry into the current fiscal year.
Categories: Business

Catholic Health Initiatives, Dignity Health in Merger Talks

Wall Street Journal - Mon, 10/24/2016 - 5:25pm
Hospital operator Catholic Health Initiatives, which has struggled after rapid expansion and a foray into health insurance, is in merger talks with Dignity Health to create one of the nation’s largest nonprofit hospital systems by revenue.
Categories: Business

Gannett Plans to Cut 2% of Its Workforce

Wall Street Journal - Mon, 10/24/2016 - 4:54pm
Gannett Co. plans to cut 2% of jobs and invest in more acquisitions to transform its business, according to a memo to staff, as the newspaper industry struggles with a particularly turbulent advertising environment.
Categories: Business

AT&T Promises Ad Innovation With Time Warner Deal

Wall Street Journal - Mon, 10/24/2016 - 4:45pm
AT&T’s proposed $85 billion acquisition of Time Warner could accelerate the adoption of more targeted TV advertising, but several hurdles remain.
Categories: Business

TelexFree Founder James Merrill Pleads Guilty to Fraud Charges

Wall Street Journal - Mon, 10/24/2016 - 4:19pm
James Merrill, who founded and then captained the meteoric rise of TelexFree before it was shut down by federal authorities, has pleaded guilty to criminal fraud charges for his role in running a multibillion-dollar pyramid scheme at the company.
Categories: Business

Venture Capitalists Chase Next Tech Wave After Smartphones

Wall Street Journal - Mon, 10/24/2016 - 3:51pm
Venture capitalists are always chasing the next big thing. Lately, they are struggling to figure out what that might be, spreading their bets across technologies for which the path to profit is unclear.
Categories: Business

AT&T, Time Warner Shares Drop Amid Investor Skepticism

Wall Street Journal - Mon, 10/24/2016 - 2:51pm
AT&T can add Wall Street to the list of parties skeptical of its $85.4 billion deal to buy Time Warner.
Categories: Business
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