Hunt-Led Investors Scramble to Save Oncor Buyout

Wall Street Journal - Thu, 04/28/2016 - 1:49pm
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.
Categories: Business

Ford Posts Record Results as Truck Revamp Pays Off

Wall Street Journal - Thu, 04/28/2016 - 12:41pm
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.
Categories: Business

Volkswagen Bullish Despite Huge Emissions Costs

Wall Street Journal - Thu, 04/28/2016 - 12:19pm
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.
Categories: Business

U.S. Steel Accuses China of Hacking

Wall Street Journal - Thu, 04/28/2016 - 12:13pm
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.
Categories: Business

Airbus Profit Falls 50% as Deliveries Lag Behind

Wall Street Journal - Thu, 04/28/2016 - 10:50am
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.
Categories: Business

U.S. Jobless Claims Rise to 257K

Wall Street Journal - Thu, 04/28/2016 - 9:02am
The number of Americans filing for new unemployment benefits rose last week but remained at a low level consistent with an improving labor market.
Categories: Business

Viacom Reports Profit; Revenue Slips

Wall Street Journal - Thu, 04/28/2016 - 8:15am
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.
Categories: Business

Bristol-Myers Revenue Rises 8.7%

Wall Street Journal - Thu, 04/28/2016 - 7:04am
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.
Categories: Business

Yes, Central Banks Can Create Inflation. Just Ask Argentina

Wall Street Journal - Thu, 04/28/2016 - 6:05am
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.
Categories: Business

Mitsubishi Says U.S. Vehicles Unaffected by Fuel-Efficiency Scandal

Wall Street Journal - Thu, 04/28/2016 - 5:48am
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.
Categories: Business

Aetna Tops Expectations Though Membership Falls

Wall Street Journal - Thu, 04/28/2016 - 5:47am
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.
Categories: Business

White House to Push Student Debt-Relief Plans

Wall Street Journal - Thu, 04/28/2016 - 5:35am
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.
Categories: Business

Afghanistan's Airlines Face Threat of Closure

Wall Street Journal - Thu, 04/28/2016 - 5:35am
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.
Categories: Business

Brazil's Vale Swings to Profit

Wall Street Journal - Thu, 04/28/2016 - 5:29am
Brazilian miner Vale swung to a net profit in the first quarter, as the company reported gains in derivative operations.
Categories: Business

Fed Signals No Rush to Increase Rates

Wall Street Journal - Thu, 04/28/2016 - 4:56am
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.
Categories: Business

Strong Growth in Key Ad Markets Boosts WPP

Wall Street Journal - Thu, 04/28/2016 - 3:55am
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.
Categories: Business

Lego's Billionaire Owner Names Son as Successor

Wall Street Journal - Thu, 04/28/2016 - 2:38am
Danish billionaire Kjeld Kirk Kristiansen has announced that his 37-year-old son, Thomas, will succeed him as vice chairman of toy maker Lego.
Categories: Business

Hermès International Lifts Revenue Despite Market Pressure

Wall Street Journal - Thu, 04/28/2016 - 1:41am
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.
Categories: Business

Sony Returns to Net Profit

Wall Street Journal - Thu, 04/28/2016 - 1:19am
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.
Categories: Business

Films Aren't Main Motive in Comcast's Pursuit of DreamWorks Animation

Wall Street Journal - Thu, 04/28/2016 - 1:13am
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.
Categories: Business
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