WSJ.com: US Business
Bank of Canada Widely Expected to Raise Interest Rates
Tue, 23 Oct 2018 11:41:24 EDT
The Bank of Canada is widely expected on Wednesday to raise its benchmark overnight interest rate by a quarter of a percentage point in response to solid economic growth and a new trade pact with the U.S. and Mexico.
Global Economy Week Ahead: Durable Goods, GDP, Consumer Sentiment
Mon, 22 Oct 2018 17:33:24 EDT
Economic data in the coming week will include the Commerce Department’s reading on third-quarter gross domestic product as well as durable-good orders for September.
How One Stubborn Banker Exposed a $200 Billion Russian Money-Laundering Scandal
Tue, 23 Oct 2018 11:35:59 EDT
Billions in illicit funds flowed through accounts held at Danske Bank’s branch in tiny Estonia. One employee dug into the details and tried to alert his superiors at headquarters. The resulting scandal cut the bank’s value in half, cost the CEO his job and prompted a new round of soul-searching.
FICO Plans Big Shift in Credit-Score Calculations
Mon, 22 Oct 2018 11:51:11 EDT
Fair Isaac’s UltraFICO Score, launching in 2019, is meant to boost the number of borrowers approved for credit cards and personal loans by factoring in how consumers manage their bank accounts.
Digital Publisher Refinery29 to Lay Off About 10% of Workforce
Tue, 23 Oct 2018 11:20:22 EDT
Refinery29, the media and entertainment company focused on millennial women, is laying off more than 40 full-time employees as the publisher falls short of its revenue target for the year.
Alaska's Economy Finally Starts to Thaw
Tue, 23 Oct 2018 12:43:24 EDT
Rising oil prices and a political compromise are helping the state to exit recession and join the U.S. economic boom.
3M Trims Earnings Forecast as Sales Sputter
Tue, 23 Oct 2018 08:49:56 EDT
3M lowered its earnings forecast for the year after it reported slower sales growth across most of its business lines in the third quarter.
Higher Prices for Burgers Help McDonald's Sales
Tue, 23 Oct 2018 13:26:21 EDT
McDonald’s is still struggling to attract more U.S. customers but it eked out higher sales this quarter by charging more for its food.
What #MeToo Has to Do With the Workplace Gender Gap
Tue, 23 Oct 2018 12:08:27 EDT
A new study from Lean In and McKinsey shows the pervasiveness of sexual harassment at the office and the persistence of inequality. That isn’t a coincidence.
Lockheed Martin Eyes Higher Sales
Tue, 23 Oct 2018 14:05:57 EDT
Lockheed Martin said its sales growth will accelerate next year even as defense industry analysts said 2019 could mark a peak for domestic military spending.
iPhone XR Review: You Don't Have to Spend $1,000 for the Best iPhone
Tue, 23 Oct 2018 12:14:32 EDT
The iPhone XR has a few price-cutting compromises, but great battery life, Face ID and a colorful design make it the best iPhone to buy, writes Joanna Stern.
United Tech Raises Targets, Waits on Rockwell Merger
Tue, 23 Oct 2018 11:47:13 EDT
United Technologies sought to reassure investors that its core businesses are performing well even as the company’s $23 billion takeover of Rockwell Collins hangs in regulatory limbo.
Foreign Buying of U.S. Treasurys Softens, Unsettling Financial Markets
Tue, 23 Oct 2018 13:27:45 EDT
Overseas investors, traders and central bankers are buying fewer Treasurys, which helped fuel a bond selloff this fall. Foreign buyers now hold 41% of outstanding Treasury debt, the lowest share in 15 years.
Dyson Plans to Build Electric Cars in Singapore
Tue, 23 Oct 2018 12:59:53 EDT
The British company known for high-end vacuum cleaners said that the manufacturing site should be completed by 2020 with sales beginning the following year.
Verizon Adds Phone Customers But Oath Revenue Weakens
Tue, 23 Oct 2018 12:06:55 EDT
Verizon Communications added to its pool of wireless phone subscribers in the third quarter while pressing forward with its bet that it is better to focus on building a faster network than trying to own the content that flows through it.
Investor Disquiet at Nestlé Grows Beyond Activist Third Point
Tue, 23 Oct 2018 10:12:29 EDT
Nestlé’s chairman is facing mounting opposition from shareholders who say the former chief executive isn’t helping his successor’s efforts to reinvigorate growth at the world’s largest packaged-foods maker.
The Steel Industry Gets What It Wants on Tariffs
Mon, 22 Oct 2018 22:36:35 EDT
U.S. steelmakers prevailed in their push for the Trump administration to impose tariffs on imported steel and aluminum. The industry also succeeded in a later effort to make some tariffs disappear.
Caterpillar Pushes Profit Higher
Tue, 23 Oct 2018 12:32:08 EDT
Caterpillar reported higher profit thanks to price increases and rising sales, offsetting higher costs to make and ship its machinery due in part to metal tariffs.