New U.S. Tax Rules Scuttle CF-OCI Fertilizer Merger

Wall Street Journal - Mon, 05/23/2016 - 3:11pm
CF Industries and OCI called off their planned $8 billion fertilizer merger, the latest multibillion-dollar transaction to fall foul of changes to U.S. tax rules designed to restrict so-called inversion deals.
Categories: Business

Samsung Targets U.S. Drug Market With Remicade Knockoff

Wall Street Journal - Mon, 05/23/2016 - 3:00pm
Samsung Group said its near-replica of Johnson & Johnson’s blockbuster arthritis drug Remicade has been accepted for review by the U.S. Food and Drug Administration.
Categories: Business

Spotify Revenue Rises in 2015, But Losses Grow

Wall Street Journal - Mon, 05/23/2016 - 2:58pm
Spotify AB nearly doubled its revenue in 2015, but losses grew amid continued investment in international expansion.
Categories: Business

Temp-Worker Freeze Bodes Ill for Economy

Wall Street Journal - Mon, 05/23/2016 - 2:25pm
One of the labor market’s early warning systems—the number of temporary jobs being created month to month—may be flashing trouble. Recent recessions have come after a peak in temp hirings, and a new post-recession peak appears to have been notched in December.
Categories: Business

Anthem, Cigna Privately Bicker as They Seek Merger Approval

Wall Street Journal - Mon, 05/23/2016 - 1:29pm
The two health-insurance companies are quarreling behind the scenes on several fronts, according to a series of letters reviewed by The Wall Street Journal.
Categories: Business

U.S. Manufacturers That Sell at Home Fare Better Than Exporters

Wall Street Journal - Mon, 05/23/2016 - 12:44pm
Global companies are struggling with a strong dollar, while domestically oriented U.S. manufacturers are buoyed by the relatively brighter auto, housing and job markets, representing a split picture.
Categories: Business

Energy Future Contemplates Possible Competing Chapter 11 Plan

Wall Street Journal - Mon, 05/23/2016 - 11:57am
Energy Future Holdings Corp. is bracing to fend off a possible rival chapter 11 plan from an unnamed suitor for its Oncor electricity-transmissions business, a lawyer for the company, Marc Kieselstein, told a bankruptcy judge Monday.
Categories: Business

Why the Virtual-Reality Hype is About to Come Crashing Down

Wall Street Journal - Mon, 05/23/2016 - 11:10am
Virtual-reality headset makers say 2016 will be the year of VR. Content-creators, however, tell a different story. VR isn’t ready for prime time.
Categories: Business

Versace Appoints Jonathan Akeroyd as CEO

Wall Street Journal - Mon, 05/23/2016 - 10:16am
Italian fashion house Versace appointed Jonathan Akeroyd as its new chief executive, replacing Gian Giacomo Ferraris.
Categories: Business

Amtrak Trains Fight to Go First

Wall Street Journal - Mon, 05/23/2016 - 9:48am
Freight railroads are pushing a federal regulator to change a rule giving passenger trains priority over cargo trains. But Amtrak, whose long-haul national trains are chronically late, is fighting back.
Categories: Business

Tencent Seeks to Buy Majority Stake in Supercell

Wall Street Journal - Mon, 05/23/2016 - 8:56am
Tencent of China is in talks with SoftBank to buy the Japanese telecommunications giant’s majority stake in Supercell, the Finland-based maker of popular mobile games such as “Clash of Clans.”
Categories: Business

Tensions Boil Over in Redstone's Media Empire

Wall Street Journal - Mon, 05/23/2016 - 8:39am
Tension in Sumner Redstone’s $40 billion media empire erupted, as Viacom CEO Philippe Dauman and director George Abrams were told they were removed as stewards of the mogul’s Viacom and CBS stakes.
Categories: Business

Criminal Trials of Former Health-Care Executives Set to Begin

Wall Street Journal - Mon, 05/23/2016 - 8:34am
Two criminal trials of former health-care executives set to begin in a Boston courthouse illustrate what the federal government says is a new push to hold more individuals accountable for alleged corporate wrongdoing.
Categories: Business

GE to Invest $1.4 Billion in Saudi Arabia

Wall Street Journal - Mon, 05/23/2016 - 7:25am
GE announced a raft of investments worth at least $1.4 billion in Saudi Arabia as the Persian Gulf kingdom seeks to reduce its oil dependence.
Categories: Business

China Mobile-Payment Battle Becomes a Free-for-All

Wall Street Journal - Mon, 05/23/2016 - 6:47am
Internet giant Alibaba’s Alipay has had a lock on China’s huge mobile-payment market, but now rival Tencent is leveraging its WeChat app to increase its slice.
Categories: Business

Ryanair Posts Profit Jump, Warns of Growing Pressure on Airfares

Wall Street Journal - Mon, 05/23/2016 - 6:18am
Ryanair posted a 43% rise in net profit in its latest fiscal year when the number of passengers passed 100 million for the first time, but warned that worries about terrorism could push falling airfares even further down.
Categories: Business

Gannett Signals Bid for Tribune Hinges on Shareholder Support

Wall Street Journal - Sun, 05/22/2016 - 10:41pm
Gannett is signaling it could abandon a bid to acquire Tribune Publishing if not enough Tribune shareholders indicate their support for the proposed takeover at the company’s annual meeting.
Categories: Business

'Angry Birds' Nests at Top of Box Office

Wall Street Journal - Sun, 05/22/2016 - 10:07pm
“The Angry Birds Movie,” adapted from the mobile game of the same name, collected an estimated $39 million in first place at the North American box office this weekend.
Categories: Business
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